US CMA and MBA: How Much Can You Earn With This Powerful Combo?

India does not suffer from a talent shortage. We are a nation of intelligent, hardworking and ambitious people. Our thriving finance sector offers specialised jobs and lucrative positions for qualified professionals. If you plan to join the competitive job market soon, you better be ready. Only those with the best credentials succeed in this cutthroat field.

If your resume boasts an MBA degree and the US CMA certification, you will have an edge over your peers during recruitment. Companies know the value of these two qualifications. They will understand your worth and competence.

You will be a far better hire than a candidate with only an MBA degree. Both certificates are recognised by local businesses, MNCs, global banks and large corporations. They will help you kickstart your career with a bang and enable you to land a job with a well-paying US CMA and MBA combination salary.

An overview of the US CMA certification

The Certified Management Accountant program is a globally acclaimed certification created by the IMA organisation. The syllabus features relevant topics such as financial management, decision-making skills and strategic financial planning.

The course ensures that all students have a strong foundation in core concepts, relevant industry knowledge, and international finance. Companies today are connected across borders. Globalisation has seen the rapid rise of multinational corporations and mergers and acquisitions that have catapulted the trajectory of the world economy.

US CMA-certified accountants have the training to handle complex problems, create strategies that enhance productivity and manage budgets effectively. The demand for accountants who speak the global language of business is immense, and CMA professionals are ready to rise to the challenge.

If you add an MBA degree to go with your US CMA credentials, you have a powerhouse resume that will attract a lot of attention from recruiters and lead to a very lucrative US CMA and MBA combination salary.

Looking For Offline US CMA Classes In Your City?

An overview of the MBA degree

The MBA degree is one of the most sought-after qualifications in finance. It opens up many doors within the industry and leads to prime job positions. Students who undergo the two-year, full-time program are well-educated in industry knowledge and management skills. They learn about investment analysis, risk management, corporate finance and other relevant topics.

MBA’s gain proficiency in management strategy and business development. They also develop administrative skills that make them perfect for several prominent job profiles in the finance sector.

However, the CMA certification is universally accepted no matter where you take the exams, but an MBA degree is more coveted if received from a Tier-1 college such as the IMMs, XLRI or SP Jain. Lesser-known colleges won’t have the same impact on your career.

The US CMA certification will enhance your resume and give you a better chance of competing with other MBA candidates. You’ll get noticed by recruiters and get a shot at a good job with a strong US CMA and MBA combination salary.

How much is the US CMA and MBA combination salary in India?

Let’s talk numbers. All your hard work and training in achieving two exceptional qualifications will impact your earning potential. You have leverage during the salary negotiation at your interview.

The actual figure depends on the type of industry, company, location, experience levels and your MBA university ranking. The top tier B schools will help you get higher salaries than students from tier 2 and tier 3 MBA colleges. However, below are the potential packages you can expect when you earn a US CMA and MBA combination salary.

Starting salaries for professionals with under 2 years of experience

• US CMA and MBA combination salary: Rs 8 lakhs to Rs 12 lakhs.

• US CMA salary without an MBA: Rs 5 to lakhs to Rs 7 lakhs.

• MBA salary without a US CMA: Rs 6 lakhs to Rs 12 lakhs.

Salaries for professionals with 3 to 7 years of experience

• US CMA and MBA combination salary: Rs 15 lakhs to Rs 25 lakhs.

• US CMA salary without an MBA: Rs 8 lakhs to Rs 15 lakhs.

• MBA salary without a US CMA: Rs 12 lakhs to Rs 20 lakhs

Salaries for senior professionals with 8 to 10 years of experience

• US CMA and MBA combination salary: Rs 30 lakhs to Rs 45 lakhs

• US CMA salary without an MBA: Rs 12 lakhs to Rs 25 lakhs.

• MBA salary without a US CMA: Rs 25 lakhs to Rs 40 lakhs.

Also Read – How to Register for US CMA: Simplified Step-by-Step Guide!

How much do US CMA + MBA professionals get paid internationally?

How far can you take your career? With a US CMA certification, you’re hireable in over 150 countries. Here are the approximate average annual US CMA and MBA combination salaries for the following countries:

How to earn a higher US CMA and MBA combination salary

• Professionals in financial planning, investment analysis, and management consulting make higher salaries.
• If you work in metro cities like Mumbai and Delhi, you get paid more than people in smaller cities.
• Students from top-tier B schools also receive better salaries.
• Professionals in senior management roles, such as VPs, directors and CFOs, earn the most. Salaries start from Rs 50 lakhs to over a crore if they work in the top companies.
• Keep working on your skills. Strengthen your analytical and leadership abilities to receive promotions faster.
• Stay up-to-date on the latest financial industry developments to preserve your edge.

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

Top job profiles for US CMA + MBA Professionals

A double finance qualification will open up many roles within the industry. Here are some job positions you could fill that would earn you a high US CMA and MBA combination salary.

• Financial Manager
• Corporate Finance Manager
• Controller
• Financial Analyst
• Management Consultant
• Risk Manager
• Tax manager
• Investment Banker
• Budget Director
• Internal Auditor
• CFO

Benefits of being a CMA US + MBA professional

• You fill in any gaps in your education and have a deeper knowledge of the finance industry than your peers.
• Companies recognise both certifications as exceptional, making you a shoo-in during recruitment.
• You have the opportunity to work with renowned companies in India as well as abroad.
• CMA US + MBA professionals are more likely to rise to leadership roles such as vice president, department head, senior manager or CFO.
• This dual certification can increase your career prospects in various finance sectors such as banking, consulting, investment advisory, risk management and corporate finance.

Comparison between MBA and US CMA

Here’s what you’ll be missing if you don’t enroll in Proschool’s US CMA Classes

At IMS Proschool, students receive a comprehensive learning experience that ensures they thoroughly understand and grasp the study material. The professors are experienced professionals who are also excellent educators, offering a real-world perspective to students so they can understand the industry better.

We teach using active learning methods, personalised mentoring, doubt-solving sessions and innovative training techniques. The classroom sessions are stimulating and engaging, ensuring that all students receive support and encouragement.

Benefits of Proschool’s US CMA Prep Course:

• Proschool offers online and offline classes.
• You can access 4000 MCQs, 90 essay questions and US CMA format mock tests for exam practice.
• Students can access the latest IMA-approved CMA study material, prep books, learning videos, and other resources.
• Proschool offers an exam pass commitment, where you can retake the module for free if you don’t clear the papers.
• Professors offer customised study plans and revision classes.
• Students also get placement assistance at IMS Proschool.

FAQs

Which is better – US CMA or MBA?

Both certifications have their merits. It is interesting to note that the value of the MBA degree depends on the B-school ranking, but the US CMA is universally acknowledged irrespective of location. If you can’t decide, you can consider both courses.

What is the lowest and highest salary for a professional with a US CMA and MBA qualification?

The starting US CMA and MBA combination salary is around Rs 8 lakhs for freshers and can go over a crore for senior management roles such as CFO.

Is it worth doing the US CMA after completing the MBA?

Yes, if you have the time and inclination, then go for it. Both qualifications will boost your resume significantly and lead to a job with a high US CMA and MBA combination salary.

What MBA is best for US CMA professionals?

US CMA professionals will benefit from an MBA in finance or accounting.

Conclusion

There are many advantages to having the US CMA certification along with an MBA degree. It leads to better opportunities, exciting job profiles, quicker promotions and an attractive US CMA and MBA combination salary. It’s a tough job market, and a strong resume will set you apart from your peers.