Study Abroad

CMA USA is globally recognised whereas CMA India is an Indian Certification. CMA USA focuses on Cost Management, I. e. Cost Reduction, auditing, whereas CMA India lays more focus on Cost Management, I. e. Cost Controlling. Article ship is not applicable in CMA USA, whereas it is applicable for six months in CMA India. Certified Management Accountant (CMA) certification has been the global benchmark for management accountants and financial professionals. IMA (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in business that offers the CMA. CMAs are considered highly desirable for FP&A job roles (financial reporting, financial planning, financial analysis and financial decision making). The CMA curriculum also focuses on developing and testing skills required to perform the aforementioned jobs. Many American CFOs choose to be CMAs themselves and prefer to hire 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 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. For further information visit https://mileseducation.com/cma.

One of the best colleges in India for BBA is IILM, Lodhi road. It is centrally located and offers an International degree for the BBA programme. For the benefit of students passing out of school in 2020, it is advisable to study BBA at an Indian College due to the pandemic. You may study at the Indian college for this year and next year after the pandemic ends you can take a transfer to the university/ college of your choice or the partner College. For example, IILM offers BBA in association with Monroe College, New York. The students get an opportunity to realise their study abroad dreams wherein they receive an internationally accredited degree in India itself. Students will be registered at Monroe College in New York on taking admission at IILM. Students will have access to the Learning Management System of Monroe College and to their student community. At the end of the three-year programme they will be awarded a Monroe college degree right here at the IILM campus in India. Student may transfer to Monroe college in New York at any time and continue with the studies without any interruption. Curriculum and semester system at IILM run parallel as in Monroe College in New York. For more information, visit monroe.iilm.edu or contact the Admissions team for eligibility criteria.