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 the 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 the 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 hotbed of and a 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.

The CIA exam is a self-study exam and does not require a prescribed curriculum. Candidates may choose their own method of preparing or practicing for the exam. Candidates must hold an Associate degree or higher to be approved into one of The IIAs certification programs. Common equivalents are a Foundation Degree, Diploma of Higher Education, Higher National Diploma, or three A-level certificates with a grade of C or higher are also acceptable. Acceptable Documents:
Copy of your degree, official transcripts, or A-level certificates. Letter from university confirming degree. Letter from evaluation services confirming degree level. If you have achieved a Certificate or qualification outside of the US that is not a formal university degree, but meet degree equivalency standards, you will need to provide an official equivalency report from a credential evaluation service. Please note the report must be in English and cannot be issued by the same governing body that awarded your Certificate or qualification. This document should be uploaded within the certification programme application process in the educational upload field.