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Certified Management Accountant (CMA)

The Certified Management Accountant (CMA) is the highest level of certification in management accounting awarded by the Institute of Management Accountants (IMA) USA. The US CMA Course is globally recognized, advanced-level credential appropriate for accountants and financial professionals in business.

Why CMA?
For more than 40 years, the CMA® (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. Why? Because CMAs can explain the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.

How much does a CMA earn?
CMAs earn 47% more in the U.S. than professionals without the CMA. In fact, a 22- year-old CMA could enjoy more than $500,000 in additional lifetime earnings. More importantly, the certification is a pathway to a more successful business career: one that opens doors, builds confidence, closes skills gaps, and lets you tap into a network of 100,000 professionals around the globe. As our CMAs will tell you, it's an investment that pays a lifetime of dividends and lets you rise above the competition The results are in: IMA's Global Salary Survey and third-party studies confirm that CMAs get a career and earnings premium.

In the U.S., median total compensation is 47% higher for CMAs over peers without the CMA or CPA.

Globally, the median total compensation is 67% higher for CMAs over non- CMAs.

A 22-year-old who is not certified would need to work 10 years more to get the same lifetime earnings as a CMA

CMA: Everything You Need to Know
The CMA Exam: Two Parts covering 11 Competencies
Part One: Financial Reporting, Planning, Performance, and Control
15% External Financial Reporting Decisions
30% Planning, Budgeting, and Forecasting
20% Performance Management
20% Cost Management
15% Internal Controls

Part Two: Financial Decision Making
25% Financial Statement Analysis
20% Corporate Finance
20% Decision Analysis
10% Risk Management
15% Investment Decisions
10% Professional Ethics

Pass Rates
50% pass rate globally
4,000 CMAs granted each year on average
55,000 CMAs awarded to date, each and every one earned through testing

CMA is the US equivalent of the Indian Cost Accountant qualification from The Institute of Cost Accountants of India (formerly ICWAI).

CMAs have knowledge of:
Financial Planning and Analysis
Financial Management
Internal Controls
Risk Management
Cost Management
Performance Management
Decision Analysis
Professional Ethics

The credentials and knowledge base of a CMA is a big advantage when working with MNCs, financial services or consulting firms

Career opportunities for CMAs include but are not limited to:
Multi-national companies
Financial services or consulting firms
US-based firms & organizations

Opportunities for CMAs are boundless as they often expand their careers beyond the traditional management accounting realm to provide related services for many different types of organizations

Miles Education

Miles currently specializes in training for US-based professional certifications across India
• CPA (Certified Public Accountant)
• CMA (Certified Management Accountant)
• CFA (Chartered Financial Analyst)
• CFE (Certified Fraud Examiner)
• Analytics & Big Data
• Leadership & Strategy (Including HBS modules)

Miles is the pioneer & largest provider of CPA & CMA training in India.
Miles has 10 Offices across major cities in India.

Miles has primarily 3 lines of business:
B2C (Retail)
Under the Retail division we conduct weekend classroom sessions across 10 cities in India. Namely,
• Ahmedabad
• Bangalore
• Chennai
• Delhi NCR
• Hyderabad
Also we do have online training sessions also conducted via webinars.

B2B (Corporate)
Empanelled CPA/CMA training provider for 50+ MNCs (includes Big 4 and Fortune 500 companies)
• Deloitte
• EY
• PwC
• Grant Thornton
• Accenture
• Genpact
• Capgemini
• Aon
• Maersk
• Flextronics
• Vmware
• American Express
• Metlife
• JP Morgan
• World Bank
and many more....

B2B (University)
Miles is connected with 100+ universities/colleges
We conduct integrated CMA batches at many top universities including:
• Amity University
• Christ University
• Chitkara University
• Jain University
• Lovely Professional University
• IIS University
• Mody University
• Manav Rachna University
• OP Jindal University
• Jagran Lakecity University
To name a few and many more...

Miles is launching a platform by the name of Career Graph ( shortly bridging the gap between the academia and the corporates. The platform is a comprehensive platform for students to work on real-time projects from Corporates across functional lines and domains. Also, it helps the students to enhance their skills across various domains and work on Internship as well as pre-Internship projects.