Cost and Management Accounting (CMA) course is a professional course designed by the Institute of Cost Accountants of India (ICAI). It is aimed at students who wish to build a career in the accounting and financial sectors. This course is considered as one of the best courses in the accounting field. There are various institutes in India that provides training courses in Cost and Management Accounting. The certification is awarded by the Institute of Cost Accountants of India. A growing number of students are choosing the CMA course each year for reasons that include career advancement, business appeal and much more.
Now, let’s take a look at some of the main advantages of having a CMA certification:
CMA is a certification that brings multiple career opportunities. People with CMA certification can get promoted to higher positions in a company very easily. If you want to study a professional course in the accounting sector and are still not sure what specific career you want to pursue, CMA certification is an ideal choice. This is because the possible career choices are vast and diverse. Most people with a different degree do not grow beyond a certain position and salary. But with a CMA certification, you can advance your career and quickly move into top management positions.
Getting a CMA certification from an authorized institute makes you eligible for a higher salary compared to other candidates. Some studies have shown that professionals with CMA certification earned about 60% more than their non-certified peers. After gaining experience in the field, the CMA’s move into high positions quickly and even when they switch jobs, they get a higher salary.
CMA is a globally recognized certification course. For those who are pursuing careers in finance or accounting, a CMA degree is certainly an important stepping stone on the way to success. Some countries may not give much value to your degree and certifications. However, CMA certification is recognized globally, and you can easily get a job in different Western, Middle East and African countries.
One of the main advantages of CMA certification is job security. A Certified Cost and Management Accountant can work as an accountant, consultant, analyst, advisor and manager in various private and public sectors. CMA’s have high demand in the job market and they get a vast amount of opportunities for advancing their careers. Other non-certified individuals/employees may easily lose their jobs because of the volatility in the markets and other reasons like the pandemic crisis.
One of the most important benefits of CMA certification is the acquisition of in-depth knowledge. The CMA course involves a comprehensive d study of accounting and financial functions that includes in-depth knowledge of the fundamentals of accounting and finance. The course also helps them develop practical skills, and gain insights into the market trends and best financial practices used by the various businesses.