Introduction
US CMA is the gold benchmark in the field of management accounting. A US CMA certification is not just any other qualification – it is a testament of your acumen to make business impactful decisions. CMA degree presents a plethora of opportunities to candidates across India as more and more US –headquartered companies are setting up their subsidiaries, branches, and centres of excellence in India. Hence, this is a perfect opportunity for candidates to work in MNCs and seek professional growth.
Opportunity to work with MNCs
Management Accounting professionals are required in every company. Just as much as a banking giant requires an engineer, accountants are equally sought after in tech giants like Google, Walmart, Microsoft etc. Global firms like Amazon, Cisco, Oracle, HP, Genpact, Capgemini and others have their local offices spread across the world to cater to client service demands across the globe. As a result, every year they hire management accountants in large numbers to ensure a proper maintenance of books & records for their global operations.
In most scenarios, you will find a presence of their accounting teams in India. This, thereby, opens a plethora of opportunities for candidates who have knowledge of US CMA. Notably, almost 25% of Global Fortune 500 companies are US-based. So naturally, the demand and opportunities for people with knowledge in US-based courses will be high.
Traditional Big4s (PwC; EY; Deloitte & KPMG) are a major employer of US CMAs in India with their global presence. Big4s hire professionals for a variety of roles like solution advisory, business analyst, financial analyst, and others.
Indian Companies hiring US CMAs
With growing technology and manufacturing capabilities in India, many domestic employers are increasingly looking out for top notch talent with management accounting skills. TATA & Reliance Groups with their immense manufacturing base in India have endless list of group companies which employ CMA certified professionals. Other home-grown bigwigs include ICICI Bank, HDFC Bank, Bjyu’s, Axis Bank who are always on the hunt for skilled management professionals.
Lucrative job profiles
In terms of the actual job profiles, below are some of the sought after and exciting opportunities one can get into post CMA qualification:
- Financial Controller – helping companies maintain their books & records compliant with relevant requirements
- Financial Manager – helping companies manage all the finance-related matters, end-to-end
- Business Analyst – analyse past, historical data and look at forecast to arrive at business-useful strategies
- Cost Accountant – ensure proper recording and maintenance of company’s purchases, expenses, and other accounting data
- Management Accountant – providing summarised, crisp financial information to senior management teams for effective business functioning
- Risk Manager – help companies with timely and adequate information on the persistent risks faced by the organisation and suggest risk-mitigant strategies
Life at global companies
Companies these are renowned for their employee well-being aspects. Not only do they provide lucrative salaries which are generally above market rate but they also provide additional support in form of health, family, and retirement benefits. Employees are provided with best of class infrastructure to work from in form of state-of-art corporate offices which would make one feel at home and luxury at the same time.
Companies these days are also planning to rejig their real estate presence by consolidating their teams under a single roof and expanding across cities to attract more local talent especially from tier II-III cities. Further, they have a very encouraging internal mobility options to choose from like teams, divisions, cities, and countries, thanks to their large scale of operations.
Biggest employers of US CMA in India
Below is a quick snapshot of some of the biggest employers of US CMA in India with job locations spread across tier I & II cities of India.
