Just having conventional knowledge of accounting will not get you the desired placements. The competitive world of today requires extra credentials. Traditional certifications like CA (Chartered Accountant) and CFA (Chartered Financial Analyst) are prestigious and highly respected. However, Certified Management Accountant (CMA) has lately become highly sought-after. The CMA offers unique advantages that align with current market demands and career aspirations. It is globally recognised and focuses on management accounting and strategic decision-making, and as such, it offers a broad scope for those seeking a range of financial roles. However, finishing your CMA in one go requires effort and working on the right strategy. The best CMA institute in Delhi offers guidance and support throughout your CMA journey to make it smooth sailing.
What is CMA?
CMA is the abbreviation of Certified Management Accountant. It is a professionally accepted certification worldwide provided by the Institute of Management Accountants (IMA). The aim of this certification is management accounting and financial management skills. This is particularly apt for professionals who wish to reach strategic decision-making positions. It aims to provide expertise in financial planning, analysis, control, and professional ethics.
Scope of CMA in India
The demand for certified finance professionals in India has increased manifold over the last ten years. Organisations are expanding and globalising; therefore, they must have an adept financial professional who can handle complex financial decisions. Here’s why CMA in India is broad in scope:
Global Opportunities: CMA is recognised worldwide, and professional Indians can look for opportunities not only in their native country but also to work with multinational companies (MNCs) doing business worldwide. Enrolling with the best CMA institute in Delhi can help you explore the various options and what best suits your calibre and career goals.
Corporate Finance for Indian Corporations: With the growing demand in Indian corporate finance, corporations are searching for management accountants who can manage their financial strategies to be integrated within the business’s overall goals. The CMA professional can work in various fields, such as corporate finance, financial planning and analysis, risk management, and internal auditing.
The Start of the Start-up Phenomena: The start-up environment in India is booming, and these businesses require good financial analysis and planning knowledge to fuel further growth. CMAs can be significantly involved in such start-ups by managing budgets, making financial forecasts, and assisting with strategic decisions. Individuals are also seeking the US CPA Course.
Targeting Government Jobs: Governments and public sector organisations also seek the knowledge of CMA-qualified professionals for financial planning, cost control, and regulatory compliance.
Career Benefits of CMA
Higher Salary: The greatest advantages here are higher salary opportunities. On average, the CMA professional is highly paid as compared to the non-certified counterpart. This experience proves a management accountant’s superiority, fetching the holder of this certification a better-paid job or organisational leadership.
Multiple Types of Jobs: CMAs can be assigned to functions such as financial analyst, cost accountant, budget manager, risk manager, and CFO. The versatility of the CMA accreditation ensures that no professional is restricted to just one type of position.
Better Chances of Promotion: A CMA equips any person to possible chances of advancement and better professional upward mobility. With the prestige and knowledge of having a CMA, the opportunities in companies become wider and can open paths for senior management or executive levels.
AKPIS International – The First Step Towards Becoming a CMA
While many important factors must be considered while pursuing a course in CMA, choosing the proper coaching institute assumes considerable importance. AKPIS International is one of the institutes considered to be the best CMA institute in Delhi for quality coaching material for comprehensive studies. Experienced and qualified faculty and individual attention guarantee passing the CMA exams by the students and ensure they begin successful careers.
Also, AKPIS International offers a US CPA Course, another high-profile accountancy qualification. By offering CMA and US CPA courses, AKPIS gives students the highest opportunities in finance and accounting globally, besides making them aware of the biggest challenges they may face. Your career in accounting is waiting for you. Act now!