MBAFin graduates need a CMA to better their career prospects

I, being an Engr+IIMA, went into Finance and Accounting line to discover that no MBA degree is adequate as a requirement to work in Finance and Accounting function within companies as the depth of operational knowledge required to work in this area is available only to professional accountants, e.g., CAs, ICWAs, CMAs, CIMAs, ACCAs. I took a CMAUS course that is internationally acclaimed and got the relevant knowledge that CAs and ICWAs have. After obtaining the CMA, I could appreciate and use the operational skills available to CAs / ICWAs / CMAs along with my strategic MBA skills. I advise all the MBAFin including IIM, XLRI, etc to consider exploring the faster CMA route to get into Financial Controllership line, hitherto unexplored by IIM and other MBA college grads ..Sushant, BE, MBAIIM-A, CMAUS, CFMUS, LIFAUS, ICWA, ACCAUK.

CMAUS is now officially d as equivalent to ICWA...

We, at IPFC-Kolkata, created by Sush himself, make you CMA is just 9-12 months. Dont make a mistake assuming CMA is an easy course than CA or ICWA. American format of professional accounting exams, be it CMA or CPA, are passable in one year time by intelligent and committed students only. CMAUS, ACCAUK, CIMAUK, ICWA and CA are all alike certifications.

The 2-paper CMA exam covers the equivalent syllabus of other professional bodies and each paper preparation is like a big Tapasya . Students from Harvard Business School also do CMA to justify a position in the financial controllership line the route that makes you a CFO.

IPFC operates through its HQ in New Alipore Kolkata and Franchisee centers in Delhi, Chennai and Hyderabad. Students have choices for both classroom mode coaching or distance learning coaching. CMA is a must-do for private school MBAs who are struggling to find a good job and recognition. If you really care for your career and want a job that gives Rs 50000-60000 savings per month, Special weekend class for working executives at Kolkata.

CMA or CFA IPFC teaches both CMA and CFA. A CFA is relevant if you are thinking to get into investment banking or fund management. The profile of such position is necessarily a NIT/IIT B Tech + an IIM/XLRI/ISB MBA. CMA is a much generalized and broader qualification that allows you to work in all areas of finance and accounting including the fund management jobs. Too many CFAs are chasing too few CFA jobs already.

Job prospect for CMAs in India: A recent ICAI estimate says there is about 50, 000 shortage of Chartered Accountants. If an economy requires 50, 000 auditors, guess, how many Management Accountants it need Management Accoutants are the ones who work within companies in the Finance and Accounting function with desginations as finance manager, accounting manager, budgeting manager, receivable manager, payable manager, payroll manager, taxation manager, costing manager, financial controller and CFO. We guess that we will end up placing most CMAs in foreign countries. Only a few CMAs will be available to work in India.