The Certified Management Accountant (CMA) credential reflects a thorough understanding of the essential accounting and financial management skills required by today’s diverse companies.

What do I need to begin my CMA qualification?

A bachelor’s degree or professional qualification is needed to begin your CMA training. However, your degree program does not have to be unique to accounts, banking, or commerce, unlike other credentials. Consequently, people who aren’t in the finance industry can also become CMAs. Alternatively, you can sit for and pass the CMA tests while you are working on your bachelor’s degree.

Why should I invest in a CMA certification?

The CMA Program prepares you for the fast-growing area of Management Accounting. You can be a recent graduate or a working professional in an accounting or finance job who wishes to advance in their career.

If you want to maximize your career opportunities, you should consider receiving the CMA® (Certified Management Accountant) designation. Adding the CMA credential to your resume demonstrates that you’ve mastered the important organizational and strategic dimensions of business management. Most importantly, CEOs and CFOs value these advanced skills the most.

The CMA classification will help you advance your career in a variety of ways. To begin with, obtaining your CMA boosts your earning potential and opens the door to more leadership and strategic positions.

CMAs receive 28 percent more in the United States than non certified practitioners, according to the IMA® (Institute of Management Accountants).

Financial statement analyst, cost control analyst, and investment appraisal supervisor form a small section of the career opportunities you would be qualified for in the UAE. This is due to the fact that the CMA certification is compact and adheres to current industry developments such as artificial intelligence (AI).

The CMA course will open doors to international mobility. This is because it is the gold standard in management accounting and a globally recognized certification. Furthermore, obtaining the CMA credential provides you with the opportunity to form a long-term network of professional partnerships. As a result, this could potentially provide you with an opportunity to broaden your expertise and advance your career.

CMAs are considered to hold higher positions in companies than those that do not have a CMA certification. In other words, people who begin their careers with a college diploma but no professional qualifications lack the skills and experience required by management. Consequently, they will find themselves in lower-level roles.

How much time would I have to commit to the entire process of earning my CMA?

Earning your CMA takes a considerable amount of time.

Firstly, you must meet educational and work experience standards. Secondly, you’ll need to prepare for and pass two tests.  You’ll have three years to complete your CMA exam from the start of the program. Thirdly, you must complete 30 hours of continuing professional education each year after becoming a CMA.

Even if you have a bachelor’s degree and required work experience, you would still have to invest time in studying for the CMA exam. The total time taken to complete the process of earning your certification can vary from person to person. Ultimately, it depends on how much time you take to prepare and whether you pass on your first attempt or not.

The bottom line is that becoming a CMA entails a significant financial and time investment that should not be taken lightly. However, if you want to work as a management accountant, putting in the extra effort can be worthwhile.

How do I start preparing for the CMA exam?

To prepare for the CMA exam, set clear goals, stick to a fixed schedule and rigorously study until you are confident about passing the exam on the first try.

PINNACLE offers an intensive CMA exam preparation course for anyone interested in boosting their career. You will have access to first-rate study material and other useful resources. Additionally, our expert trainers will be there to assist and guide you through the entire preparation process.

Join this course to study for Part 1 and Part 2 of your CMA exam. Rest assured that you will be ready to tackle your exam and pass with flying colors.

Join PINNACLE today to secure your tomorrow!