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CMA (Certified Management Accountant) course is a globally recognized professional certification for management accountants. Eligibility for this course requires a bachelor's degree and a minimum of two years of work experience in management accounting or financial management.
CMA entrance exam is conducted by the Institute of Management Accountants (IMA) and consists of two parts. Admission is based on the entrance exam results and other eligibility criteria. Selection is made on the basis of merit and availability of seats in top colleges offering the course.
Some of the top colleges for CMA include the Institute of Cost Accountants of India, the Institute of Management Technology (IMT), Management Development Institute (MDI). The average fee for the CMA course is INR 1 Lakh, and the average package for a CMA professional is around INR 7 LPA.
CMA Highlight
CMA Course Full Details
CMA Highlight
| Course Full Form | Certified Management Accountant |
|---|---|
| Course Duration | 2 years |
| Course Degree Requirements | Bachelor's degree in commerce/accounting or equivalent |
| Course Admission | Entrance exam and personal interview |
| Course Specializations | Financial Management, Cost Management, Operations Management, Strategic Management, and Internal Audits |
| Online Course Program | Welingkar Institute of Management Development & Research, Institute of Management Accountants (IMA) NMIMS, Symbiosis Institute of Management Studies |
| Top Colleges in India | Institute of Cost Accountants of India, Institute of Management Technology (IMT), Management Development Institute (MDI) |
CMA Eligibility Criteria
CMA Eligibility Criteria
The eligibility criteria of CMA course is given below:
- Must have completed 10+2 or equivalent education
- Must be at least 17 years old
- Must be a citizen of India or hold a valid visa for pursuing education in India
- Must have a minimum of 50% marks in 10+2 or equivalent examination
- Must be proficient in the English language
- A minimum of 4 years of experience in commerce related fields is preferred but not mandatory
CMA Entrance Exams
CMA Entrance Exams
Candidates can take the following examinations for admission to CMA course.
| Exam Name | Exam Date |
|---|---|
| Institute of Cost and Management Accountants (ICMA) National 2023 | June & December 2023 |
| Institute of Management Accountants (IMA) National 2023 | June & December 2023 |
| Society of Management Accountants of Canada (SMAC) NationalJune & December 2023 | June & December 2023 |
| College of Management Accountants (CMA) College 2023 | June & December 2023 |
| State Level Management Accountants Exam State 2023 | Varies by state |
Note: The dates mentioned in the table are tentative and may vary based on the conducting body. It is advisable to check with the official website for the updated dates
Top CMA College in India
Top CMA College in India
| College Name | Ranking | Eligibility | Fees | Average Package |
|---|---|---|---|---|
| Jamia Millia Islamia, Delhi | NIRF-3 (University Category) | Graduation | INR 1-2 Lakhs | INR 5-7 Lakhs |
| Lady Shri Ram College for Women (LSR), Delhi | NIRF-3 (College Category) | Bachelor's degree | 1,50,000-2,00,000 | 4-6 Lakhs per annum |
| Loyola College, Chennai | NIRF-4 (College Category) | Graduation | INR 1-2 Lakhs | INR 5-7 Lakhs |
| Hindu College, Delhi | NIRF-6 (College Category) | Bachelor's degree | 1,00,000-1,50,000 | 3-5 Lakhs per annum |
| University of Calcutta | NIRF-8 (University category) | Graduation | INR 1-2 Lakhs | INR 5-7 Lakhs |
| St. Xavier's College, Delhi | NIRF-8 (College Category) | Bachelor's degree | INR 90,000 | INR 4-5 Lakhs p.a. |
| Shri Ram College of Commerce, Delhi | NIRF-12 (College Category) | Graduation | INR 2-3 Lakhs | INR 6-8 Lakhs |
| Sri Venkateswara College (SVC), Delhi | NIRF-14 (College Category) | Bachelor's degree | 50,000-1,00,000 | 3-5 Lakhs per annum |
| Madras Christian College, Chennai | NIRF-17 (College Category) | Graduation in Commerce | INR 1,10,000 | INR 3,00,000 |
| University of Mumbai | NIRF-45 (University Category) | Graduation | INR 1-2 Lakhs | INR 5-7 Lakhs |
| Narsee Monjee Institute of Management Studies, Mumbai | NIRF-51 (University Category) | Graduation | INR 5-6 Lakhs | INR 9-11 Lakhs |
| Institute of Management Technology, Noida | NIRF-55 (University Category) | Graduation | INR 3-4 Lakhs | INR 7-9 Lakhs |
| Bharath Institute of Higher Education and Research, Chennai | NIRF-62 (University Category) | Graduation in any discipline | INR 1,15,000 | INR 3,25,000 |
| Amity University, Noida | NIRF-63 (Overall Category) | Graduation | INR 2-3 Lakhs | INR 6-8 Lakhs |
| Christ University, Bangalore | NIRF-71 (University Category) | Graduation | INR 2-3 Lakhs | INR 6-8 Lakhs |
| Faculty of Management Studies, Delhi | IIRF-4 | Graduation | INR 3-4 Lakhs | INR 7-9 Lakhs |
| Symbiosis Institute of Business Management, Pune | IIRF-17 | Graduation | INR 3-4 Lakhs | INR 7-9 Lakhs |
| Manipal University | - | Graduation | INR 2-3 lakhs | Lakhs INR 6-8 Lakhs |
| Delhi School of Economics | - | Graduation | INR 2-3 Lakhs | INR 6-8 Lakhs |
| - | Graduation | INR 1-2 Lakhs | INR 5-7 Lakhs | |
| Sri Ramachandra Institute of Higher Education and Research, Chennai | - | Graduation in any discipline | INR 1,25,000 | INR 4,00,000 |
Top CMA Collages in Tamil Nadu
The following colleges in Tamil Nadu offer the CMA course.
| College Name | Ranking | Eligibility | Fees | Average Package |
|---|---|---|---|---|
| Loyola College | NIRF-4 (College Category) | Graduation in Commerce | INR 1,05,000 | INR 2,75,000 |
| Madras Christian College | NIRF-17 (College Category) | Graduation in Commerce | INR 1,10,000 | INR 3,00,000 |
| Bharath Institute of Higher Education and Research | NIRF-62 (University Category) | Graduation in any discipline | INR 1,15,000 | INR 3,25,000 |
| Sri Ramachandra Institute of Higher Education and Research | - | Graduation in any discipline | INR 1,25,000 | INR 4,00,000 |
| Meenakshi Academy of Higher Education and Research | - | Graduation in any discipline | INR 1,20,000 | INR 3,50,000 |
Top CMA Collages in Uttar Pradesh
The following colleges in Uttar Pradesh offer the CMA course.
| College Name | Ranking | Eligibility | Fees | Average Package |
|---|---|---|---|---|
| Institute of Management Technology, Noida | NIRF-55 (University Category) | Graduation in any discipline | INR 1,50,000 | INR 5,00,000 |
| BBD National Institute of Technology and Management | - | Graduation in any discipline | INR 1,45,000 | INR 4,75,000 |
| Lucknow Institute of Technology and Management | - | Graduation in any discipline | INR 1,40,000 | INR 4,50,000 |
| Saroj Institute of Technology and Management | - | Graduation in any discipline | INR 1,35,000 | INR 4,25,000 |
| Integral University Institute of Management | - | Graduation in any discipline | INR 1,30,000 | INR 4,00,000 |
Top CMA Collages in Karnataka
The following colleges in Karnataka offer the CMA course.
| College Name | Ranking | Eligibility | Fees | Average Package |
|---|---|---|---|---|
| Bangalore Institute of Management Studies | - | Graduation in any discipline | INR 1,35,000 | INR 4,25,000 |
| PES Institute of Technology and Management | - | Graduation in any discipline | INR 1,30,000 | INR 4,00,000 |
| MVJ College of Engineering and Technology | - | Graduation in any discipline | INR 1,25,000 | INR 3,75,000 |
| RNS Institute of Technology | - | Graduation in any discipline | INR 1,20,000 | INR 3,50,000 |
| BMS College of Engineering | - | Graduation in any discipline | INR 1,15,000 | INR 3,25,000 |
Top CMA Collages in Maharastra
The following colleges in Maharastra offer the CMA course
| College Name | Ranking | Eligibility | Fees | Average Package |
|---|---|---|---|---|
| St. Xavier's College | NIRF-8 | Bachelor's degree | INR 90,000 | INR 4-5 Lakhs p.a. |
| Jai Hind College | - | Bachelor's degree | INR 1,00,000 | INR 4-5 Lakhs p.a. |
| Sophia College of commerce | - | Bachelor's degree | INR 80,000 | INR 4-5 Lakhs p.a. |
| SIES College | - | Bachelor's degree | INR 70,000 | INR 3-4 Lakhs p.a. |
| Mithibai College | - | Bachelor's degree | INR 60,000 | INR 3-4 Lakhs p.a. |
Top CMA Collages in Delhi
The following colleges in Delhi offer the CMA course.
| College Name | Ranking | Eligibility | Fees | Average Package |
|---|---|---|---|---|
| Lady Shri Ram College for Women (LSR) | NIRF-3 | Bachelor's degree | 1,50,000-2,00,000 | 4-6 Lakhs per annum |
| Hindu College | NIRF-6 | Bachelor's degree | 1,00,000-1,50,000 | 3-5 Lakhs per annum |
| Sri Venkateswara College (SVC) | NIRF-14 | Bachelor's degree | 50,000-1,00,000 | 3-5 Lakhs per annum |
| Ramjas College | NIRF-66 | Bachelor's degree | 50,000-1,00,000 | 3-5 Lakhs per annum |
| Delhi College of Arts and Commerce (DCAC) | - | Bachelor's degree | 50,000-1,00,000 | 3-5 Lakhs per annum |
CMA Cutoff: Last 5 Year
CMA Cutoff: Last 5 Year
Christ University Cutoff
| Category | Cutoff 2022 | Cutoff 2021 | Cutoff 2020 | Cutoff 2019 | Cutoff 2018 |
|---|---|---|---|---|---|
| Genral | 95%ile | 95%ile | 95%ile | 93%ile | 94%ile |
| OBC | 87%ile | 86%ile | 86%ile | 78%ile | 82%ile |
| ST/SC | 76%ile | 76%ile | 77%ile | 72%ile | 72%ile |
| PWD | 72%ile | 70%ile | 72%ile | 68%ile | 69%ile |
Manipal University Cutoff
| Category | Cutoff 2022 | Cutoff 2021 | Cutoff 2020 | Cutoff 2019 | Cutoff 2018 |
|---|---|---|---|---|---|
| Genral | 95%ile | 95%ile | 95%ile | 93%ile | 94%ile |
| OBC | 87%ile | 86%ile | 86%ile | 78%ile | 82%ile |
| ST/SC | 76%ile | 76%ile | 77%ile | 72%ile | 72%ile |
| PWD | 72%ile | 70%ile | 72%ile | 68%ile | 69%ile |
Amity Global Business School (Amity University, Noida) Cutoff
| Category | Cutoff 2022 | Cutoff 2021 | Cutoff 2020 | Cutoff 2019 | Cutoff 2018 |
|---|---|---|---|---|---|
| Genral | 95%ile | 95%ile | 95%ile | 93%ile | 94%ile |
| OBC | 87%ile | 86%ile | 86%ile | 78%ile | 82%ile |
| ST/SC | 76%ile | 76%ile | 77%ile | 72%ile | 72%ile |
| PWD | 72%ile | 70%ile | 72%ile | 68%ile | 69%ile |
Symbiosis Institute of Business Management Cutoff
| Category | Cutoff 2022 | Cutoff 2021 | Cutoff 2020 | Cutoff 2019 | Cutoff 2018 |
|---|---|---|---|---|---|
| Genral | 95%ile | 95%ile | 95%ile | 93%ile | 94%ile |
| OBC | 87%ile | 86%ile | 86%ile | 78%ile | 82%ile |
| ST/SC | 76%ile | 76%ile | 77%ile | 72%ile | 72%ile |
| PWD | 72%ile | 70%ile | 72%ile | 68%ile | 69%ile |
Narsee Monjee Institute of Management Studies Cutoff
| Category | Cutoff 2022 | Cutoff 2021 | Cutoff 2020 | Cutoff 2019 | Cutoff 2018 |
|---|---|---|---|---|---|
| Genral | 95%ile | 95%ile | 95%ile | 93%ile | 94%ile |
| OBC | 87%ile | 86%ile | 86%ile | 78%ile | 82%ile |
| ST/SC | 76%ile | 76%ile | 77%ile | 72%ile | 72%ile |
| PWD | 72%ile | 70%ile | 72%ile | 68%ile | 69%ile |
Course Comparison: CMA Vs CA
Course Comparison: CMA Vs CA
Given below is a brief comparison of Certified Management Accountant (CMA) and Chartered Accountant (CA).
| Particular | CMA (Certified Management Accountant) | CA (Chartered Accountant) |
|---|---|---|
| Duration | 12-18 months | 3-5 years |
| Exam Format | Multiple Choice Questions (MCQs) | Objective & Descriptive |
| Subjects Covered | Financial Planning and Analysis, Financial Reporting, Strategic Management Accounting, Cost Management, Performance Management, Corporate Finance | Financial Accounting, Auditing and Assurance, Law and Ethics, Taxation, Strategic Financial Management, Advanced Management Accounting |
| Eligibililty | Bachelor's Degree, 2 Years of Work Experience | Bachelor's Degree, 3 Years of Work Experience |
| Scope | Management Accounting, Business Analysis, Financial Planning, Budgeting and Forecasting | Auditing, Financial Accounting, Taxation, Business Consulting |
| Recognition | Global Recognition, Recognized by Institute of Management Accountants (IMA) | Global Recognition, Recognized by Institute of Chartered Accountants of India (ICAI) |
| Career Opportunities | Financial Planning and Analysis, Corporate Finance, Cost Accountant, Business Advisor | Auditor, Taxation Consultant, Financial Accountant, Business Consultant |
What After CMA?
What After CMA?
The future scope of CMA (Certified Management Accountant) course is quite promising as there is a huge demand for management accountants globally.
| Particulars | Details |
|---|---|
| Average Salary | The average salary of a CMA professional ranges from 5-7 lakhs per annum. |
| Highest Salary | The highest salary for a CMA professional can go up to 20-25 lakhs per annum, depending on the company and the role they are working in. |
| Job Profile | CMA professionals are in demand in the finance, accounting, and management departments of organizations. They can work as Financial Analysts, Management Accountants, Cost Accountants, Financial Managers, and Business Analysts, among others. |
| Top Recruiters | Some of the top recruiters of CMA professionals are Deloitte, Ernst & Young, PwC, KPMG, and ICICI Bank, among others. |
| Higher Studies after CMA | After completing the CMA course, one can opt for higher studies such as MBA (Finance), CPA (Certified Public Accountant), and CA (Chartered Accountant |
CMA FAQs
CMA FAQs
Ques. What is CMA?
Ans. CMA stands for Certified Management Accountant. It is a professional certification in the field of management accounting and financial management.
Ques. Who can take the CMA exam?
Ans. Anyone who has a bachelor's degree in any discipline and two years of professional experience in management accounting or financial management can take the CMA exam.
Ques. How long does it take to complete the CMA course?
Ans. It takes an average of 6-12 months to complete the CMA course, but it depends on the individual's pace and study schedule.
Ques. How many parts does the CMA exam have?
Ans. The CMA exam consists of two parts: Part 1 and Part 2.
Ques. What are the eligibility criteria for the CMA exam?
Ans. To be eligible for the CMA exam, an individual must have a bachelor's degree in any discipline and at least two years of professional experience in management accounting or financial management.
Ques. What is the format of the CMA exam?
Ans. CMA exam is a computer-based test (CBT) consisting of multiple-choice questions and essay questions.
Ques. How many questions are there in each part of the CMA exam?
Ans. Each part of the CMA exam consists of 100 multiple-choice questions and two 30-minute essay questions.
Ques. What is the passing score for the CMA exam?
Ans. The passing score for the CMA exam is 360 on a scale of 400.
Ques. What is the cost of the CMA exam?
Ans. The cost of the CMA exam varies depending on the country and the membership status of the candidate, but it ranges from $300 to $700.
Ques. How often can one take the CMA exam?
Ans. Candidates can take each part of the CMA exam four times in a rolling 12-month period. If a candidate fails to pass the exam within 12 months, he/she must wait until the next testing window to take the exam again
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