Accounting & Commerce

US CMAs are considered highly desirable for FP&A job roles (financial reporting, financial planning, financial analysis and financial decision making). The US CMA curriculum also focuses on developing and testing skills required to perform the aforementioned jobs. Many American CFOs choose to be US CMAs themselves and prefer to hire US CMAs in their teams. CMAs expertise in USGAAP and understand its distinctions from IFRS. In most cases, multinational companies registered with the SEC in USA have to provide audited annual financial statements per USGAAP. These financial statements are prepared by the internal finance team of the company. Since CMAs are well qualified in USGAAP and understand the SEC reporting requirements well, companies preparing their financial statements using USGAAP prefer to hire US CMAs for the job. India is a hot B.Ed of and key player in Business Process Outsourcing. A majority of the outsourced financial work in India comes from the USA and UK, since NYSE (New York Stock Exchange) and LSE (London Stock Exchange) represent the world's the largest financial markets. As most major brands are American entities that follow USGAAP, this creates tremendous job opportunities for US CMAs in India (in the BPO sector). Another major source of employment for CMAs are FP&A jobs directly with American companies that have branches in India, but prepare financial statements using USGAAP, at the parent level. The average salary package for a fresher CMA with no experience ranges from INR 4.5-6 Lacs p. a. Of course, with experience the salary increases and depending upon the role, compensations will vary. Overall, jobs of US CMA in India pay comparably and sometimes even better than traditional Indian finance qualifications such as ICWA.

Dear Diksha, Apply for what exactly - Are you looking for options after B.Com or are you interested in applying for a B.Com course? Students who complete a B.Com (Hons) course can apply for an MBA or M.Com. Whereas if you are planning to apply for a B.Com (Hons) course the details for applying are usually mentioned on the university's website. For instance, IILM University Gurugram offers both undergraduate B.Com (Hons) and postgraduate courses (MBA). The globally benchmarked curriculum, experiential learning and opportunities to connect with the industry ensure both Bachelor's and Masters programs provide immense amount of learning to students. The application process is available on the website www.iilm.edu.in. Hope this helps!

I have been in LPU so I can vouch on their practices that they are implementing and I have witnessed their effort for students and management working hard for placement and imparting quality teaching. Here are few highlights which I would be sharing for helping you to develop your mind set. LPU is a well renowned university, providing quality education, innovative pedagogy and unbeatable placements both national and international. LPU provides a great academic exposure to its students. It provides a chance to the students to attend guest lectures or workshops, so that they get to learn as much as they can. The students also work on live projects, so that they are able to apply their knowledge to practical settings. It is one of the few that has embraced international practices when it comes to designing a curriculum. LPU offers scholarship based on various categories like previous qualification percentages, LPU NEST exam, national level test, defense personnel or CAPF dependents and many more. Whichever will be the best applicable that will be reduced from the fees of every semester. The fees structure depends upon the scholarship applicable, as the scholarship amount is reduced from the fee of every semester.

US CMAs are considered highly desirable for FP&A job roles (financial reporting, financial planning, financial analysis and financial decision making). The US CMA curriculum also focuses on developing and testing skills required to perform the aforementioned jobs. Many American CFOs choose to be US CMAs themselves and prefer to hire US CMAs in their teams. CMAs expertise in USGAAP and understand its distinctions from IFRS. In most cases, multinational companies registered with the SEC in USA have to provide audited annual financial statements per USGAAP. These financial statements are prepared by the internal finance team of the company. Since CMAs are well qualified in USGAAP and understand the SEC reporting requirements well, companies preparing their financial statements using USGAAP prefer to hire US CMAs for the job. India is a hot B.Ed of and key player in Business Process Outsourcing. A majority of the outsourced financial work in India comes from the USA and UK, since NYSE (New York Stock Exchange) and LSE (London Stock Exchange) represent the world's the largest financial markets. As most major brands are American entities that follow USGAAP, this creates tremendous job opportunities for US CMAs in India (in the BPO sector). Another major source of employment for CMAs are FP&A jobs directly with American companies that have branches in India, but prepare financial statements using USGAAP, at the parent level. The average salary package for a fresher CMA with no experience ranges from INR 4.5-6 Lacs p. a. Of course, with experience the salary increases and depending upon the role, compensations will vary. Overall, jobs of US CMA in India pay comparably and sometimes even better than traditional Indian finance qualifications such as ICWA.