US CMA Course Fees, structures and benefits | VLS

Vertex Learning Solutions Author

Learn everything about the US CMA course fees, duration, syllabus, eligibility and benefits of this course so start your journey now and become a CMA.

What is the Certified Management Accountant (CMA) Course?

Are you looking to build a career as a financial manager globally? Then, CMA is the best course to start by registering with Vertex Learning Solution. The CMA course is an advanced and professional certification that focuses on accounting, financial analysis and management.

The CMA course is globally recognized in over 150 countries, making it a powerful qualification for anyone pursuing finance and management accounting. This course is ideal for the people who are aiming to develop more skills. Key skills obtained from this course are technical and soft skills, which are given as:

Technical skills:

• Financial Analysis

• Cost Management

• Financial Reporting

• Data Analytics

Soft skills:

• Decision making

• Strategic thinking

• Communication skills

• Leadership ability

• Problem-solving

Educational Requirements:

The main requirement for this course is that the individual registering for the CMA course should be an active member of IMA (Institute of Management Accountants).

The membership of the IMA is essential. If someone wants to take admission in the CMA course, then he/she should have the following education background:

Bachelor's Degree:

• An authentic bachelor's degree from a notable institute is required.

• The degree can be in any discipline, but must have important knowledge related to accounting, finance and business.

Professional Certification:

• Must have a professional certification like the CPA licence.

• The certification should be required from a valid and independent agency.

Experience:

• Two years of work experience in accounting and financial management is required.

• This requirement must be completed before or within seven years of passing the US CMA exam.

US CMA Course Fees:

The total fees for the CMA US certification are divided into the following components:

• CMA Entrance fee:

The entrance fee for CMA is 300 USD for professionals and 225 USD for students or other members.

• IMA membership fee:

This fee can be paid to the IMA on their website for gaining membership and taking all the benefits from them. For the people, who are already signed members, the fee is 295 USD per year and $49 for students and $160 for academic members.

• Full Course fee (Part 1 and Part 2)

The course fee students have to pay for the US CMA Part 1 is 349 USD and for Part 2 is also 349 USD.

• CMA Exam fee

The CMA Exam fee is 495 USD for professionals and 370 USD for students and academic members.

Course Duration details:

The course duration for VLS is not fixed. The typical time duration of the course is 6–12 months, with VLS offering a flexible time for learning for the candidate to choose based on study and experience.

VLS provides active tutor support, which includes live webinars to answer students’ questions related to the course. The educational materials, such as study notes, lectures and syllabus, are written in a concise way to help students focus on the key points of the course.

Institute Course Subjects:

The CMA course covers the following subjects for Part 1 and Part 2:

Course Content for Part 1:

• Cost Management (29 lessons)

• Forecasting and Budgeting (25 lessons)

• Performance Management (18 lessons)

• Internal Controls (10 lessons)

• Data Analytics (9 lessons)

• Financial Reportings (29 lessons)

Course Content for Part 2:

• Decision Analysis (22 lessons)

• Risk Management (7 lessons)

• Investment Decisions (7 lessons)

• Corporate Finance (44 lessons)

• Financial Analysis (25 lessons)

• Ethics (5 lessons)

CMA is known to be challenging yet highly rewarding with a global pass rate of around 45-50 %. The average salary of CMA professionals globally is about USD 85,000-100,000. In the United States, the average salary is USD 110,000+, in Middle East countries like the UAE, Saudi Arabia or Qatar is USD 60,000 - 80,000 and in India, it is INR 8-15 LPA.

Why should studying CMA US be beneficial?

If you're wondering, why is studying US CMA beneficial for students? Studying this course is useful for several reasons. It provides many global opportunities, understanding financial planning, budgeting and learning decision-making skills.

CMA holders are highly sought-after by multinational companies, Big 4 Audit firms and global finance departments due to their strong expertise in finance management and accounting.

Career Opportunity:

CMA provides diverse career opportunities, such as management accountant, financial analyst, finance manager, cost accountants, finance assistant, Internal auditor, account officers, associate manager and many more.

Advanced skill development:

The course provides skills in crucial areas like Finance, management and accounting. These are advanced skills that are in demand and considered valuable for high-paying jobs.

Other benefits of studying CMA are:

• Flexible learning: This course can provide study options that are flexible and based on students’ personal tastes.

• Networking connection: It offers several opportunities to connect with different people worldwide.

• High earning potential: Gives a chance to earn more and offers high-paying jobs.

• Professional growth: Helps in enhancing your skills related to Finance and management.

• Boosts confidence: By learning CMA, skills improve significantly, while the confidence of a student can also increase and boost up.

• Improves decision-making ability: It helps in making your sense of thought and intelligence strong and improves the decision-making skills of a student.

• Career opportunities: It can help in your career very well and help get more jobs easily.

• Provides leadership skills: Helps in managing and provides leadership skills.

How to register for the CMA Program?

To register for CMA certification, first, you will need to join the membership on IMA’s website and get a student ID. Then you can enroll in the CMA program.

The process of registration for the CMA course can be done on the VLS official website. An active credit card is required for the completion of the registration. First, you need to register an account on VLS by clicking Sign Up.

After completing the registration process, select the CMA course and click on “Enroll Now” after providing the information and click on Buy. The registration process is complete. Start your journey and become a CMA.

CMA Exams details: syllabus, structure and preparation:

The US CMA Course has two exams. It is held three times a year, in January/February, May/June and September or October. Students can select the specific exam period that fits their schedule, giving them flexibility to plan their studies and preparation.

Syllabus:

The materials and resources provided by Vertex Learning Solutions are enough to prepare for and pass the exam.

Exam Structure:

The structure for the CMA exam is simple. The syllabus will come for the subjects (15% each). The exam format consists of 100 multiple-choice questions and two essay questions, with a total time, four hours which means 3 hours for MCQs and 1 hour for writing questions.

Exam Preparation:

The average study time commitment to succeed in the examination is about 300 or 400 hours of studying per part, that's around 6 to 8 months of focused preparation. Follow these amazing tips for more effective preparation for the exams

• Make a study schedule

• Understand the syllabus properly

• Take practice tests

• Use IMA-approved study notes

• Practice MCQs and essay questions regularly

• Strengthen weak areas with revision

• Manage time in a way that there is enough time to revise

• Challenge yourself with testing questions

• focus on health too with taking proper sleep and breaks as well

Conclusion:

The certified management accountant (CMA) course is a very well recognized professional certification that provides diverse career opportunities with strong financial management and strategic decision-making skills.

Whether taken through a reputable institute like Vertex Learning Solutions or independently, the US CMA course is highly beneficial for career opportunities, networking connections, finance management and business ethics.

The course not only enhances knowledge, but it can also boost confidence, making it a valuable and inspiring possibility for learning and developing new skills.

VLS offers live doubt-solving sessions where students can understand everything with the help of the expert tutors, helping them solve any problems and providing them with a complete learning experience.

They also offer mock exams with detailed performance analysis, allowing students to understand their weak points, track progress and improve themselves before the exams.

Categories: : CIMA