US CMA Salaries In India – What will you earn throughout your career?

India has undergone a dramatic economic evolution, with the increased popularity of revolutionary financial services such as digital banking and UPI. The number of homegrown businesses is increasing with entrepreneurs using technology and market savvy to enhance sales. Foreign corporations see potential profits in India in terms of sales and manufacturing. There has been an influx of production-driven investment by MNCs such as Philips, Samsung, Pepsi and Siemens.

With all these radical changes, the humble accounting profession has also undergone a rapid transformation. This traditional career has a modern makeover, as management accounting takes centre stage in corporate India. Companies want progressive accountants who have a pulse on the economy and a vision for profits. They want strategic thinkers, bold decision-makers and global financial experts.

That is why US CMA professionals are in great demand. Certified management accountants in India are now on par with global standards. They can take on global accounting roles, help make productive decisions and earn lucrative US CMA salaries in India. These are just a few of the many enticing reasons to join the CMA course.

Job Opportunities In India For US CMA Professionals

Companies in India, whether local businesses or international corporations want accountants with a strong expertise in strategic financial planning and business development.

US CMA professionals provide a global standard of management accounting. They are trained to handle various challenges within a rapidly changing corporate environment. As India takes its place among the world’s top economies, companies need CMA holders to help them conquer local and international markets.

Why is this credential valued so much? Certified accountants are trained to handle complex financial operations, structure budgets, create projections and ensure optimised productivity. The Indian job market is flooded with opportunities for US CMA professionals within the private and public sectors.

As companies evolve to adjust to the demands of a changing economy, US CMA professionals are well-equipped to manage the rapid transformation. In turn, they receive growth opportunities and an attractive US CMA salary in India.

Looking for US CMA Classes Near You? Enroll In Proschool’s Next US CMA Prep Batch

US CMA Salaries In India

As a certified management accountant, you are a globally qualified professional. Your expertise lies in understanding a company’s financial needs and objectives and offering advice that improves profitability. Due to the complex and nuanced job responsibilities, companies offer certified accountants a high US CMA salary in India.

The exact earning potential of a CMA holder depends on many factors such as experience level, job location, industry type and skills. The average US CMA salary in Mumbai may differ from the average US CMA salary in Kolkata. Mumbai is the country’s financial capital and tends to offer a higher remuneration than other cities.

If you work in financial services or with one of the top MNCs, you also stand to earn more than your peers in a smaller company or a public sector firm. Here is the rough breakdown of CMA US average salaries in India.

The CMA salary in the Big 4 firms is higher than the CMA US average salaries in India. EY, PwC, Deloitte and KPMG are the top four finance giants with a reputation for paying their employees above the national average.

US CMA Salaries In India vs Other Finance Certifications

• Mid-level CPA professionals earn an average annual income of Rs 10 lakhs to Rs 15 lakhs.
• Experienced CIMA professionals make Rs 7 lakhs to Rs 9 lakhs annually.
• ACCA professionals can receive a yearly salary of Rs 11 lakhs to Rs 20 lakhs.

Also Read – CMA India vs CMA USA: Differences and 11 factors to help you decide

US CMA jobs in India

CMA professionals are taught technical proficiency, financial management and strategic decision-making. These skills are aligned with the needs of companies across various industries. A US CMA certification can lead to jobs in manufacturing, banking, IT, e-commerce, retail and consulting.

Globalisation has led to several multinational corporations opening branches in India, creating a demand for globally acknowledged accounting certifications such as the US CMA. Professionals with this qualification are often elevated to leadership positions, such as CFO or COO. With your credentials, you can apply for exciting job profiles and earn lucrative US CMA salaries in India.

Top companies in India who hire CMA professionals

• Accenture
• Deloitte
• HDFC Bank
• EY
• ICICI Bank
• PwC
• JP Morgan
• Genpact
• Wipro
• Infosys
• Unilever
• Procter & Gamble
• Goldman Sachs
• Amazon

Job profiles for US CMA professionals in India

• Financial Analyst
• Cost Accountant
• Management Accountant
• Internal Auditor
• Strategic Planner
• Risk Manager
• FP&A Analyst
• Controller
• CFO

Working in India vs working abroad

Today’s business environment in India has drastically changed from what it used to be a few decades ago. With the advent of MNCs, global banks and international tech companies, the corporate climate is far more in sync with global standards. However, there are benefits to working abroad that you won’t find in India. The opposite holds true as well. Here are some important factors to consider.

Also Read – US CMA Course Fees – Exam, Coaching, Study Material, Total Cost etc.

How to become a US CMA professional

Educational Requirements:

• You need a bachelor’s degree from an accredited college to receive your US CMA Certification.
• Students who have completed their 12th year can take the exams but must complete their degree to be considered US CMA holders.
• You must submit proof of graduation to the IMA website to receive your qualification.

Work Experience:

• You are required to complete the professional requirement of two years of full-time work in management accounting or financial management.
• You can complete the work experience before taking the course or up to seven years after clearing the exams.

The Application Process:

• You must register as a member of the IMA before you can apply for the CMA course.
• You must pay fees for the IMA membership, course registration, and exams.

Exam Preparation:

• Study for the course material. You can self-study with CMA prep providers or enroll with a coaching institute like Proschool.
• Practice solving mock tests, MCQs, and essay questions.
• Register for the exams held at Pro-metric centers in major cities across India.
• You must receive 360 or more to clear each paper (out of a total of 500).

Also Read – Understand The US CMA Exam Pattern [+What’s Changed In 2024]

About Proschool’s US CMA Course

One of India’s finest coaching institutions, Proschool has designed a US CMA Prep program that adheres to the newly updated IMA syllabus. Proschool’s main USP is that the staff has industry experts who are highly trained in active learning methods. They use innovative and real-world techniques to teach accounting skills and financial management to students.

The emphasis is on understanding the course material rather than memorizing it. Students receive detailed explanations of complex concepts and doubt-clearing sessions so that they master the topics. Proschool ensures that every student develops skills valued in the corporate world. You learn to apply your knowledge and become a global management accountant who earns a lucrative US CMA salary in India.

Why Proschool is Ideal US CMA Coaching Destination for You:

• Proschool has 15 coaching centers across India so that one is within your reach.
• You will be exam-ready within just 6 months.
• Students can practice for the exams by accessing over 4,000 MCQs, 90 essay questions, and full-length mock tests.
• Professors offer customized study plans, revision classes, and doubt-clearing sessions.
• Proschool has an exam pass commitment. You can retake the module for free if you fail the exams.
• The Proschool placement portal is accessible to all certified students.
• The staff provides help with writing resumes and mock interview sessions so you are ready for the recruitment process.

Conclusion

With a few clicks of your keyboard, you can register for the US CMA course. Six months from now, if you enroll with Proschool, you’ll be ready for the exams. In no time, you will begin your journey as a top-notch professional who earns a hefty US CMA salaries in India. This is every accountant’s dream, and soon it will become your reality.

FAQs

What is the US CMA fresher salary in India?

The CMA US average salary in India for newcomers is around Rs 4 lakhs to Rs 7 lakhs. However, the number can increase if you work in larger MNCs. For example, the CMA salary in Big 4 firms is higher than tier-2 companies.

What is the US CMA salary in Bangalore per month?

In Bangalore, CMA professionals earn Rs 3.6 lakhs to Rs 10 lakhs yearly, which is around Rs 30,000 to Rs 83,000 a month.

How much is the highest US CMA salary in India?

CMA professionals who occupy senior leadership positions such as VP or accounting head typically earn over Rs 30 lakhs a year. CFOs can earn over Rs 40 lakhs in smaller companies and over Rs 1 crore in larger MNCs.

What is the US CMA salary in Kerala?

The average salary in Kerala can be lower than in the metros due to various reasons, such as the cost of living and demand. However, most professionals can expect to earn between Rs 4 lakhs and Rs 15 lakhs, depending on their experience level.