What Is The Salary Of CMA In India?

Is it worth doing CMA in India?

The US CMA salary in India is high, and not just in India, CMAs earn a very good salary across the globe.

You can check the same by going through the Global Salary Survey Report by IMA.

It specifically states that CMAs have a 57% higher median base salary and 55% higher median total compensation than non-CMAs..

Is CMA easy?

To enjoy the benefits of becoming a Certified Management Accountant (CMA), you must pass the CMA exam. How hard is the CMA exam? It’s not easy. The right review course will help you pass, but successful preparation requires dedication and discipline.

Which is best course CA or CMA?

Differences between ICWA and CACAICWAThe membership of ICAI requires you to complete the final examination and required work experience along with it. It is very hard to acquire as the exam is more tough than ICWAThere is no prescribed requirement for membership. It is comparatively easier to acquire than CA.4 more rows•Sep 24, 2019

Who is the 1st CA in India?

C.A. Gopaldas Padamsey KapadiaMr. Gopaldas P. Kapadia is a founder member and the first President of The Institute of Chartered Accountants of India for the years 1949-50, 1950- 51 & 1951-52. The first Indian to be issued a membership certificate by ICAI was C.A. Gopaldas Padamsey Kapadia.

Is CMA hard to pass?

In fact, the majority of candidates don’t get a passing score. With CMA exam pass rates as low as 45% for Part One and also 45% for Part Two, there is obviously a high level of difficulty. But why is the CMA test hard and what can you do to bridge the gap between the statistics and earning your own passing grade?

What is the duration of CMA?

CMA Course Duration The course can be completed from 6 months to 4 years. Usually in India, students take at least 3-4 years to complete the course.

Which country is best for CMA?

Canada: CPA Canada is the best; CMA slighly better than CIMA. Middle East: CMA and CIMA have similar standing. China: CMA considerably more recognized.

What is the fees for CMA?

The Institute of Cost Accountants of India conducts CMA Foundation exam two times in a year in the months of June and December….CMA Course Fee Details | Foundation Inter Final | ICMAI 2020.ICMAI or CMA Foundation Inter and Final Fee DetailsCourseFee: Either Oral or PostalFoundation6,000Inter22,000Final25,000

Can I do CMA with BCOM?

If you manage to complete CMA after B.Com, you’ll be able to earn at least 33.33% more than each non-certified accountants. Of course, CMA is way more comprehensive than any other courses which are pursued after B.Com. (other than CA or CS, of course).

What is the salary of CMA in India per month?

CMA Salary Based on DegreesDegreeAverage Salaries(Per Annum)MBA or Master of Business Administration, Accounting, Finance₹ 450,000 – ₹ 1,650,000Bachelor of Commerce₹ 124,516 – ₹ 1,610,731Bachelor of Commerce, Accounting and Finance₹ 292,332 – ₹ 2,153,676Bachelor of Commerce/BCom, Finance₹ 243,000 – ₹ 2,200,0005 more rows•Nov 16, 2018

Is CMA is better than CA?

In CMA, one has to read more subjects related to cost accounting & statistics while in CA, one has to study more accounts, tax. If you want a general career in finance in India, then CA will be more beneficial and if you really love costing and want to work in core costing area then CMA is a wonderful course.

Is CMA harder than CA?

CA is tougher than CMA in terms of syllabus content. But the number of CA pass-outs always remains better than the number of CMA pass-outs. CMA is much more oriented towards cost and accountancy whereas in CA, you study certain other subjects as well. … CA is tougher than CMA in terms of syllabus content.

Can CMA be done after 12th?

Those who have passed 10th standard or its equivalent can apply for this course but can appear for Foundation Course exam after passing 12th standard. … Candidates who have passed the Intermediate Course can apply for the final stage. After qualifying the final examination one can become a CMA.

Is CMA worth doing?

It’s a fact: CMAs make more than non-CMAs, so becoming a CMA gives you the opportunity to increase your earning potential. On a global scale, CMA-certified accountants have an average salary that is 62% higher than that of non-certified accountants, which equates to about $31,000 more a year.

What is the salary of CMA in Dubai?

Average salary for CMAs is 64% higher than that of non-CMAsCMA Salary in UAEAverage Salary (AED)Basic SalayGross SalaryCMA Certified226,583246,439Non – CMA Certified144,187159,6462 more rows

Is there any scope for CMA in India?

It is considered almost equivalent to Chartered Accountancy, but has been struggling for a long time when it comes to scope and salaries. This is because a CMA is primarily required in large production or services companies. … In short, CMA is a niche field, but it has a lot of scope in India and abroad.

What is the highest salary of CMA in India?

The highest salary package offered nationally this year is Rs. 18 Lacs per annum and the average CTC offered is around Rs. 7 Lacs per annum. More than 15% of the candidates were selected in the top salary bracket of Rs.

Is US CMA valid in India?

CMA (US) being an internationally recognized qualification has a special importance in India. It is considered equivalent to CMA (India) qualification in India as per a MoU between IMA, US and ICMA, India. If you pass CMA exams from India, your qualification will be considered equivalent to CMA, India.

Which is better MBA or CMA?

Both the CMA and MBA are postgraduate options. The CMA is more specialized than the MBA. … On the other hand, the MBA is a university degree. If you are an accountant looking to advance your career, then the CMA will provide more opportunities, as it is geared towards accounting and finance professionals.

Which degree is best for CMA?

In order to become a CMA you must earn a Bachelor’s Degree from an accredited university or college. You can also do so by getting a professional certification. CMA candidates often come from varying backgrounds, but the most common degrees include accounting, finance, economics, and general business.