Are you dreaming to head a Finance Empire in future? A classic master degree in finance may possibly not be sufficient to assist you attain your objective. The cause behind is leading positions in FINANCE is usually restricted to Specialist Accountants. Even an MBA (Finance) from a top B college is, often, not regarded as as an optimum qualification for this objective.
To be a Skilled Accountant, you neither, always, have to be a Public Accountant (Auditor) by struggling for five-8 years including your post ship period nor you require to get disappointed by repeated failures in examinations and eventually turning nowhere with a demoralized, half-accountant status as it happens to majority of the aspirants.
A quicker yet difficult CMA (Certified Management Accountant) route gives you quicker earning chance. By the time your buddies pass the auditing exam, you would earn Rs 20-25 lacks and occupy 1-two level positions above them.
Management Accountants are also Skilled Accountants and understand the same physique of understanding the Public Accountants find out. Even though the CMA exam is held by IMA, US, a student can take the preparation and seem for an online exam from any portion of the globe.
The best functions of CMA are
It is a compact examination consisting of only two papers.
The syllabus is focused to the wants of the modern planet of finance.
There is facility to seem for the exam on-line from any metro city.
CMA has international brand value.
It is officially equivalent to ICWA (India) if the student appears for CMA from a country outdoors India.
Job chance of a CMA is enormous.
CMA is a very cost-effective exam.
Classroom Coaching or coaching in distant mode is accessible. (www.ifcpld.com)
Even Harvard, IIM, XLRI graduates do this robust, handy, industry-relevant CMA (US) to extend their career choice in finance functions.
Why CMA is only a two papers exam?
The planet is moving in more quickly pace presently and most of the students neither have the patience nor the time to face numerous shorter exams more than number of years. Hence, all American exams such as CMA have evolved, in a scientific manner, as compact exams encompassing all topic locations within fewer papers. It calls for hard function more than a shorter period to pass the exam. CMA is an internationally portable qualification – a passport to operate in all countries, which includes US.
CMA can be really useful for
Existing MBA students / MBA aspirants – CMA will be synergic with MBA as it will help them do quite nicely in Financial Management, Expense & Management Accounting, Corporate Finance, Safety Evaluation & Portfolio Management, Monetary Institutes and Markets, International Finance & Derivatives and Management papers of the MBA examination. Nonetheless, students carrying out CMAs will not need to have to do an MBA (Finance) as it automatically covers most places of MBA (Finance).
B Com / M Com students – CMA will assist you separate oneself from other lacks of MBAs. With a CMA, you can operate in any region of Finance or Accounting in Managerial positions. CMAs drive performance in enterprise – auditors just express opinions. Even an ordinary MBA (Fin), MFC, B Com, or M Com can have extraordinary profession with the international CMA. CMA alone can get you all the material benefits life and job has to provide. The CMA alternative will save substantial income for the B Com/B Sc graduating students and they will begin working early.
CA aspirants – Price of undertaking a CA more than an typical four.five years period is Rs 23.54 lakhs including the opportunity cost of lost earning (as compared to a CMA) in the course of CA studentship.
IT specialists – A good programmer with an added CMA qualification will be a hot cake in the international job market. If you want, you may also move to the career line of a Finance Manager or MIS Manager where your IT background will be accepted as a plus.
Ambitious Science/Engineering graduates who have a knack in finance and dreaming to hold a prestigious position with a handsome salary as early as attainable.
So, do not wait for your chance to come anymore. Go and grab your dream via the CMA way of success.
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