Top 4 Advantages Of Getting Certified Management Accountants (CMAs) Certificatio

Posted by Rishi Roy on December 16th, 2020

Accounting is an ocean of opportunities. There are various roles and positions in this sector that can connect you with the world globally. One such opportunistic step is to become a certified management accountant (CMA). People sometimes are unknown to this certification. On the other hand, some think it is incredibly difficult to become CMA. But the truth is, it is all worth the time. 

What Are Certified Management Accountants (CMAs)? 

Certified management accountant (CMA) is a designation that employs expertise in financial accounting and strategic management fields. This certification signifies that a person has knowledge in the areas of financial planning, control and analysis, decision-making and other relevant areas of management. 

The professionals who acquire this designation are colloquially known as CMAs and are trained to fulfil a variety of roles in the accounting department. CMA is a globally recognized certification offered by the Institute of Management Accountants (IMA). Further, within IMA, the division of the Institute of Certified Management Accountants (ICMA) awards CMA certification. 

Due to the growth of several start-ups and businesses in the country, certified management accountants in India are highly in demand. If you are looking to build an accounting career in India, you need to know the career benefits of earning a CMA certification. To elaborate on this, here are four good reasons to pursue this certification. 

Advantages Of Obtaining A Certified Management Accountants (CMAs) Certification 

Earns more than non-CMAs 

Primarily, money is the biggest motivating factor for most professionals. Pursuing this certification means investing more money and time. But, this is just a pond for it to turn into an ocean. There are vast benefits of spending extra time and money on obtaining this certification. 

There are several reasons why CMAs make more money than non-CMAs. Firstly, they are better qualified to take management positions, generally where the money lies. Secondly, getting certified provides a high-level of management related skills. For this, companies across the world are willing to pay a premium for individuals with such efficient training. 

Provides credibility and status 

Certified management accountants have a better understanding of numbers and financing at a deeper level than other accountants. According to IMA, “CMAs can explain the ‘why’ behind numbers, not just the ‘what’.” In the corporate accounting world, CMA is a very respected designation. It is considered the “golden standard”, meaning, it is one of the top certifications in management accounting. 

Once you earn the certificate, you are everyone’s go-to-go person. People will come to you for answers to various business-related questions. When you become an expert, you have a greater responsibility as well as you gain credibility and status. 

Offer career advancement 

Compared to other individuals, CMA certified professionals achieve higher positions in companies. College graduates with no further certifications are unaware of CMA credentials and pursue a more popular option, CPA certification. They often find themselves at a lower level of their starting position. It happens due to lack of experience or knowledge to reach the desired management level. 

On the other hand, if you are a trained CMAs, you gain higher positions with easy time. You work as a financial analyst or controller and even CFOs in the course of your career. If you wish to live a fulfilling and prosperous accounting career, then CMA can deliver it for you. 

Appeals businesses globally

CMA is considered as the golden-standard in management accounting. It is a globally recognized designation that demonstrates your skills for making financial decisions for businesses. The certification is a highly sought after course to grow globally in the world of accounting. 

As some CMAs work in making business decisions, many end up taking on consulting roles for their clients. They provide an invaluable understanding of finances to benefit companies on a global scale. 

Conclusion 

Presently, CMAs are high in demand due to a rise in start-up companies and businesses across the globe. If you are a start-up or a business that’s looking for certified management accountants in India, you can get in touch with Business Guru. 

At Business Guru, we help businesses grow successfully by outsourcing management accountants services. With a team of in-house experts from the corporate world, we work on fulfilling your business goals. Visit our website for more information on our expertise and services.

For further queries, get in touch with us.