US CMA Course Fees – Exam, Coaching, Study Material, Total Cost etc.
Here's What We've Covered!
The road to a successful accounting career is paved with a good education. The power of a prestigious certification is unmatched. As the corporate landscape shifts and businesses adapt to new changes, the need for a reliable management accountant has never been greater. Companies want accountants with a global perspective, intensive training and a keen eye for financial management.
The US CMA course is a highly regarded qualification that enables hopeful students to become globally renowned accountants. The certificate carries tremendous weight in the industry and is often the preferred choice for many recruiters, especially from multinational corporations.
Now, a qualification of this caliber can’t be cheap, right? Can an average student even afford the CMA US course fees? Let’s crunch the numbers to find out.
You may be pleasantly surprised by the calculations.
Why is the US CMA course valued so high?
- You receive global recognition, as this certification is relevant in over 150 countries.
- The comprehensive syllabus helps you learn the latest industry knowledge, develop core skills, boost your analytical thinking, and enhance your decision-making abilities.
- There is very little on-the-job learning required as your training prepares you for all scenarios.
- US CMA professionals earn lucrative salaries and incentives.
- You only have to take two exams, so you are ready for the job market sooner. Students can complete the course in a year, while professionals will be done within 6 to 9 months.
- Keeping all the above factors in mind, the CMA total fees are fairly cost-efficient.
Want To Know About US CMA Coaching Fees?
How much do the CMA US course fees add up to?
There is a lot to consider when tabulating the certified management accountant course fee. The cost varies depending on whether you are a professional or student member. You must also factor in the registration, exam, and IMA membership charges. To get a clearer idea, take a look at the CMA total fees listed below.
Student membership:
If you are an undergraduate or postgraduate in a full-time course, you qualify for the IMA student membership. You need at least six credit hours (or equivalent) per semester from a recognised university. You can hold this membership for up to six years. The benefit of this membership is the reduced fees.
Professional membership:
If you are in the accounting or finance industry, you are eligible for professional membership.
Anyone who is not a student will be considered in this category.
Also Read – The updated US CMA Syllabus 2024: All Subjects Explained!
IMA membership fees
To start your US CMA journey, you must first become a member of the Institute of Management Accountants. Visit their official website, create an account and pay the dues.
| Fees in dollars | CMA course fees in Indian rupees (As of September 2024) | |
|---|---|---|
| Student member | $49 – $160 | Rs 4,098 – Rs 13,380 |
| Professional member | $300 | Rs 25,087 |
US CMA registration fees
After you become an IMA member, you are required to pay a registration or entrance fee. This is not part of the exam cost. This charge allows you to enroll for the course and it is non-refundable.
| Fees in dollars | CMA course fees in Indian rupees (September 2024 currency rates) | |
|---|---|---|
| Student member | $225 | Rs 18,796 |
| Professional member | $300 | Rs 25,016 |
US CMA exam fees in India
The IMA board requires you to pay a fee for Part 1 and Part 2 of the CMA exams.
| Fees in dollars per part | CMA course fees in Indian rupees (September 2024 currency rates) | |
|---|---|---|
| Student member | $370 | Rs 30,909 |
| Professional member | $495 | Rs 41,352 |
US CMA study material cost
These five resources are considered the best by experts in the industry to prepare for the CMA exams. These companies offer multiple learning tools, such as study books, learning videos, and test papers to help students pass the course.
| BRAND NAME | Cost in dollars | CMA course fees in Indian rupees (September 2024 currency rates) |
|---|---|---|
| Hock US CMA Study Material | $729 to $1529 | Rs 60,987 to Rs 127,732 |
| Gleim USA CMA Study Material | $1499 to $1799 | Rs 125,225 to Rs 150,519 |
| Wiley US CMA Review System | $1800 to $2000 | Rs 150,603 to Rs 167,336 |
| Becker US CMA Review System | $1499 to $2099 | Rs 125,225 to Rs 175,349 |
| Surgent US CMA Review System | $699 to $1299 | Rs 58,394 to Rs 108,517 |
While studying for the US CMA exams on your own is an option, most students prefer to enroll with a coaching institution to help them ace the exams.
To choose the right coaching class, you need to look at specific parameters.
-
Reputation of the institution
- The alumni speak highly about the classes
- The teachers are respected members of the industry
- They have a successful track record
- Good word-of-mouth recommendations from peers and industry experts
-
High-end facilities
- The institute offers online, offline and hybrid classes
- The quality of resources and facilities is excellent
- There is a large bank of practice papers and mock tests available
- There is a prominent placement program that helps all certified students find jobs
-
Commitment-driven staff
- The professors are hands-on and approachable
- The extra focus is on providing hands-on training
- Students get customized study plans, revision classes and doubt-clearing sessions.
-
CMA coaching fees
- The fees can vary but are mostly in the range of Rs 60,000 to Rs 1,20,000, depending on whether you take online or offline classes.
Also Read – CMA India vs CMA USA: Differences and 11 factors to help you decide
Let’s Look At The ROI Once!
| Cost Component | Amount (₹) | Value Provided |
|---|---|---|
| IMA Membership (Student) | 4,000 – 13,000 | Access to IMA resources and global recognition. |
| Exam Fees (Part 1 & 2) | 50,000 – 70,000 | Two exams leading to global certification. |
| Study Materials | 60,000 – 1,50,000 | Comprehensive preparation for exams. |
| Coaching Fees | 60,000 – 1,20,000 | Structured learning and higher pass rates. |
| Total Investment | 1.65 – 1.8 Lakhs | Starting salary of ₹5-7 Lakhs/annum. |
US CMA vs. Other Courses
| Aspect | US CMA | CA (India) | ACCA |
|---|---|---|---|
| Duration | 6-12 months | 4-5 years | 2-3 years |
| Exam Structure | 2 parts | 3 levels (16 papers) | 3 levels (13 papers) |
| Recognition | Global (150+ countries) | Primarily in India | Global (180+ countries) |
| Focus Area | Management Accounting | Auditing, Taxation | IFRS, Financial Reporting |
| Starting Salary (₹) | 5-7 Lakhs | 6-10 Lakhs | 6-8 Lakhs |
Also Read – ACCA vs US CMA – Detailed Differences, Similarities & What’s Best For You?
Why Proschool is a good investment for your CMA-certified career
Do you want to clear the US CMA exams, become a certified management accountant, and start your career on the right note? Proschool has a committed faculty of teaching experts who can help you master the study material and course.
Professors use innovative methods, hands-on training techniques, and real-world case studies to engage their students. At Proschool, you are not just studying for the exams, but you are also learning what it is like to be a global accountant with a reputable company.
Benefits of enrolling with Proschool:
- Several coaching centres across India or online classes, the choice is yours.
- Free foundation course to brush up on your basic concepts.
- Recently updated, internationally acclaimed, IMA-approved training material.
- Customized study plans, doubt-clearing sessions, revision classes, and personalized attention.
- Prep books, practice papers, and mock tests with access to over 4,000 MCQ questions and 90 essays.
- Soft skill training, including interview preparation and resume writing.
- Placement program for entry-level positions in accounting.
FAQs
Does it benefit working professionals to do the CMA course?
Professionals see great benefits as their certification leads to better remuneration and opportunities. CMA professionals earn 24% more than non-CMA professionals, according to the 2023 IMA global salary survey.
What is the starting salary for a CMA holder in India?
Freshers with a CMA certification can earn between Rs 5 lakhs and Rs 7 lakhs.
What is the total cost of US CMA?
The CMA course fees in Indian rupees are between Rs 1.65 lakhs to Rs 1.8 lakhs, making it a cost-effective investment for a globally recognized qualification.
Does studying with a coaching institute help?
Yes, it ensures a structured approach, access to expert guidance, and higher chances of passing on the first attempt.
What job roles are best suited for a CMA professional?
A CMA holder can work as a financial analyst, corporate finance manager, risk manager, internal auditor, financial consultant, or business manager, among others.
Dwij K
