Earning the US CMA Certification After Certified Management Accountant (India)

With the ever-evolving financial and business landscapes, many Certified Management Accountants (CMA) in India dream of expanding their professional horizons by earning the US-based CMA certification. In this article, we will explore the process of obtaining the US CMA certification after completing the CMA in India.

Understanding the CMA IMA and US CMA

The Certified Management Accountant (CMA) is a globally recognized professional certification issued by the Institute of Management Accountants (IMA). The CMA in India is based on the same standards and competencies defined by IMA for the US-based CMA certification. However, there are additional steps and requirements to transfer your Indian certification to the US CMA.

Eligibility and Requirements for the US CMA Certification

After completing the CMA in India, you can indeed pursue the US CMA. However, the transition is not automatic. The process involves reapplying for the US CMA certification and meeting specific requirements. Here are the key steps and conditions you should know:

Reapplication Process: Just as you applied initially for the Indian CMA, you need to go through a similar application process for the US CMA. This application typically includes providing your educational credentials, work experience, and a personal statement or essay about why you are interested in the US CMA. Examination Fee: You will need to pay the examination fee for the US CMA certification. This fee may differ from the Indian CMA since the exams and certification processes vary slightly. CMAUS Membership: You must join the IMA to be a part of the process. This membership is a requirement for taking the US CMA exams and to be eligible for the certification. CPD (Continuing Professional Development): To maintain your US CMA certification, you’ll need to complete a certain amount of continuing professional development (CPD) hours, which are not a requirement for the Indian CMA. Additional Exams: Depending on your previous education and experience, you might be eligible for exemptions, but it's essential to check the detailed requirements since simply completing the Indian CMA doesn't automatically secure exemptions.

Exemptions for Qualified Candidates

One significant advantage of pursuing the US CMA after the Indian CMA is the possibility of exemptions. The IMA provides exemptions for candidates who have completed the CMA in India, as both programs are based on the same rigorous standards. However, you must submit a request for exemptions and provide evidence supporting your credentials, including passing scores from relevant courses or specific work experience.

To apply for these exemptions, you must:

Submit an Application Form: Fill out the IMA's exemption application form. Provide Documentation: Attach copies of your Indian CMA certificate, transcripts from the Institute of Chartered Accountants of India (ICAI), and any other relevant documentation. Pay the Exemption Fee: A fee is usually required for the exemption application. Wait for Approval: The IMA will review your application and decide on the exemptions, which can take several weeks.

Conclusion

While completing the CMA in India is a significant achievement, it doesn't automatically afford you the US CMA certification. However, the process is straightforward if you follow the necessary steps and requirements. With dedication and effort, you can take the next step in your professional journey and pursue the US CMA certification. Remember, obtaining this certification not only enhances your professional standing but also opens up new opportunities in the global business landscape.

For further details and guidance, you can visit the official IMA website or contact the IMA directly.