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CMA Course - A Complete Guide 2024

8 min read
Blog Summary Get ready to dive into our ultimate guide on CMA courses! In this blog, we'll be your friendly companion as we explore the exciting journey of becoming a Certified Management Accountant (CMA). We'll break down all the important stuff about CMA course details, what you'll be studying, how much it'll cost you, and the awesome career opportunities waiting for you. Whether you're a finance enthusiast or just curious about what CMAs do, we're here to make it all clear and enjoyable. Let's explore this informative adventure together – your path to a rewarding finance career starts here!

Ever wondered what's next after wrapping up your 12th grade, or maybe you're in the middle of your career and itching for a significant leap forward in finance? Stepping into the world of CMA courses could be the thrilling journey you're searching for. Picture starting a path that not only refines your understanding of finance but also positions you on a global platform with a certification celebrated for its prestige and impact. 

This guide is your backstage pass to delve into the intricacies of the CMA USA course, unravel the comprehensive scope of the CMA course syllabus, and uncover how pursuing a CMA course after 12th can lay the groundwork for an exciting future in management accounting. Let's dive in and discover why the CMA course is a pivotal turning point in finance.

What is CMA Course?

The Certified Management Accountant (CMA) course is a globally recognised credential in financial management and strategy. It comprises two levels focusing on financial planning, analysis, control, decision support, and ethics. Typically, the CMA course duration is 12 to 18 months, allowing candidates to prepare for and pass both examination parts. This flexible schedule suits working professionals seeking to enhance their career prospects in finance and accounting.

CMA Course Eligibility Criteria

The CMA (Certified Management Accountant) course offers a pathway for professionals to master the art of financial management and strategic decision-making. To embark on this journey, understanding the eligibility criteria for its structured levels is crucial. The CMA course is divided into three segments, each with its distinct prerequisites, ensuring that candidates are well-prepared for the challenges and complexities of the syllabus.


Eligibility Criteria


High school diploma or equivalent international education.


Completion of the Foundation level or an undergraduate degree in any field (except fine arts) from an accredited institution.


Successful completion of the Intermediate level

CMA Course Fees

The Certified Management Accountant (CMA) course, recognised globally, paves the way for finance and accounting professionals to advance their careers by mastering financial management, strategic decision-making, and ethical business practices. Hence, creating a comprehensive table with at least 10 CMA courses, including details about the location, duration, and the average cost in USD, offers a broad perspective for international students considering this certification.  Here's an expanded overview:

CMA Course


CMA Course Duration

CMA Course Fees (approx)

CMA Certification Programme


6-12 months

$1,300 - $2,000

CMA Learning System


6-12 months

$1,500 - $2,500

CMA Exam Review


6-18 months

$1,000 - $2,000

CMA Certification



$1,000 - $1,500 (Exam Fees Only)

CMA Prep Course



$1,800 - $3,000

CMA Review Course


3-9 months

$1,599 - $2,499

Integrated CMA Course


6-12 months

$1,200 - $2,200

CMA Certification Training


6 months

$1,499 - $2,999

CMA Excellence Programme


12 months

$1,750 - $2,250

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CMA Course Enrollment

Enrolling in a CMA (Certified Management Accountant) course is a strategic career move that can open doors to exciting opportunities in the field of financial management and strategic decision-making. For those wondering what the CMA course is all about, it's a globally recognised programme that equips professionals with the skills and knowledge needed to excel in management accounting.

Enrollment Process

  • Eligibility: For pursuing CMA course after 12th grade, candidates must have at least a bachelor’s degree in any field from an accredited college or university to meet the IMA’s (Institute of Management Accountants) educational requirements.
  • Joining IMA: To enroll in the CMA course, candidates must first become members of the IMA, which is the governing body for the CMA certification.
  • Enrollment in a CMA Review Course: Although not mandatory, enrolling in a review course can significantly enhance your chances of passing the CMA exams. These courses provide structured learning materials, practice tests, and strategies for exam success.
  • Exam Registration: Candidates must register for the CMA exams through the IMA website, selecting a testing window that suits their preparation schedule.

Preparing for the CMA Exam

  • Study Plan: Creating a rigorous study plan is crucial. It's recommended to dedicate at least 150-170 hours of study time for each part of the exam.
  • Review Courses and Materials: Utilise review courses, textbooks, and online resources tailored to the CMA exam’s curriculum.
  • Practice Exams: Regularly taking practice exams can help identify areas of weakness and improve test-taking skills.

CMA Courses Syllabus and Subjects

The CMA (Certified Management Accountant) course is a professional certification programme offered by the Institute of Cost Accountants of India (ICAI). The CMA exam is divided into three parts: CMA Foundation, CMA Intermediate, and CMA Final. The CMA Foundation consists of four papers, while the CMA Intermediate and CMA Final are divided into two groups each. The CMA syllabus consists of 20 papers in total, which are divided into three stages. The following table provides an overview of the CMA syllabus:


Number of Papers


CMA Foundation


6 months

CMA Intermediate


12 months 

CMA Final


12 months 

Here is a breakdown of the CMA syllabus:

CMA Foundation: The CMA Foundation consists of four papers, which are Fundamentals of Business Laws and Business Communication (FBLC), Fundamentals of Financial and Cost Accounting (FFCA), Fundamentals of Business Mathematics and Statistics (FBMS), and Fundamentals of Business Economics and Management (FBEM).

CMA Intermediate: The CMA Intermediate consists of eight papers, which are Financial Accounting (FA), Laws and Ethics (LE), Direct Taxation (DT), Cost Accounting (CA), Operations Management and Strategic Management (OMSM), Financial Management (FM), Indirect Taxation (ITX), and Company Accounts and Audit (CAA).

CMA Final: The CMA Final consists of eight papers, which are Corporate Laws and Compliance (CLC), Strategic Financial Management (SFM), Strategic Cost Management and Performance Evaluation (SCMPE), Corporate Financial Reporting (CFR), Indirect Tax Laws and Practice (ITLP), Strategic Performance Management and Business Valuation (SPMBV), Risk Management in Banking and Insurance (RMBI), and International Taxation (IT).

CMA Results

The Certified Management Accountant (CMA) certification, especially the CMA USA course, is a prestigious credential that marks expertise in management accounting and financial management. Here's a concise overview highlighting the significance of CMA results and the key components that make the CMA journey impactful:

  • Global Recognition: Achieving CMA certification demonstrates mastery in financial planning, analysis, and decision-making, providing a competitive edge in the finance industry worldwide.
  • Comprehensive Curriculum: The CMA course syllabus is designed to equip candidates with in-depth knowledge and practical skills in:
  1. Financial planning and analysis
  2. Strategic financial management
  3. Professional ethics
  • Career Advancement: Successfully passing the CMA exams after completing the 12th grade or during further career stages significantly enhances job prospects and opportunities for advancement in various sectors.
  • Strategic Skills: The CMA USA course focuses on developing strategic thinking and decision-making abilities, preparing candidates for leadership roles in finance and accounting.
  • Professional Development: The CMA certification is not just an academic achievement; it's a testament to one's commitment to the finance profession, showcasing readiness to tackle complex financial challenges.

Career scope and salary  for CMA

The CMA certification paves the way for a variety of roles in finance and accounting. Below is a table showcasing some of the career paths available to CMAs, along with the average salary one can expect while pursuing B.Sc nursing in United States:

Career Path

Average Salary (USD)

Management Accountant


Financial Analyst


Corporate Controller


Chief Financial Officer (CFO)


Cost Accountant


Financial Risk Manager


Director of Finance


Internal Auditor


Compliance Officer


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Frequently Asked Questions

How long does it take to complete the CMA course?

The CMA course duration is typically 6 to 18 months, depending on the candidate's study pace and schedule.