Top Banner
#CMAmatlabMiles Be a US CMA in 2022 Pass the 2 exams in 6-9 months @Miles, IMA’s platinum partner Batch starts Jan 22, 2022
23

Be “Future Proof”!

Jan 24, 2022

Download

Documents

dariahiddleston
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: Be “Future Proof”!

#CMAmatlabMiles

Be a US CMA in 2022

Pass the 2 exams in 6-9 months @Miles, IMA’s platinum partner Batch starts Jan 22, 2022

Page 2: Be “Future Proof”!

Why CMA?Global credibility as a F&A professionalIndustry-relevant skillsAssured jobs & career progressionin India & USA

Page 3: Be “Future Proof”!

#CMAmatlabMiles

ROI =Return

Investment

Global Credibility as a F&A professionalIndustry-relevant skillsAssured jobs & career progressionin India & USA

Approx. 500 hours of study over6-9 months (@22 hours/week)Cash outflow of approx.INR 1.2 lakhs - INR 1.5 lakhs(including IMA exam fees)

Why CMA?

Let’s talk ROI

Page 4: Be “Future Proof”!

Why only 2-4 exams for US CMA/CPA certifications?

US CMA/CPA

Non-USProfessional

Qualifications

Global recognition

2-4 exams,single-level

University degreerequired

13-20 exams,multiple levels

Universitydegree

US professional qualifications “complement” university education – e.g., to be a CMA, CPA or CFA, a university degree is mandatory

Therefore, these are crisper in content and focus only on skill-gaps that are needed to be a F&A professional

Designed to be pursued alongside a full-time job and to facilitate the career progression for professionals

Various non-US professional qualifications tend to “substitute” university education” - e.g., you can be a CA in many countries without any university education

Therefore, these are lengthy and also encompass what a candidate would have covered (or simultaneously covers) in a university degree

#CMAmatlabMiles

Why CMA?

Page 5: Be “Future Proof”!

CMA @F&A roles = “Value Creation”

Management Accounting is about “value creation” whereas Public Accounting treads into “valuation”.

CMAs work inside the organization creating value by providing high quality financial information to management. Public accountants (CPAs) attest to the validity of that information.

Inside the organizationAudit

Design Implement Manage Report

Management Accounting Public Accounting

Management Accountants help create value, rather than simply measuring it!

Key responsibilities of a Management Accountant: Act as trusted business advisors Support management decision making process Involved in strategic development initiatives Work “hands-on” to add value in organizations Use broad-based business knowledge to improve company performance

#CMAmatlabMiles

Why CMA?

Page 6: Be “Future Proof”!

Be a “future-proof” finance professional!

CMA helps you to be “future-proof” as you will increasingly be expected to provide “insight” and “foresight”.

Analytics tested on the CMA exams starting 2020.

Source: Gartner Inc., as published in Strategic Finance, Tech Practices.

Oversight

Insight

Hindsight

Foresight

#CMAmatlabMiles

Why CMA?

Page 7: Be “Future Proof”!

CMA + “Global Passport” for finance professionals

Founded in 1919, IMA is present globally: US Europe Middle East China Singapore India

Miles is IMA's Global Platinum Partner

Miles has been instrumental in building the ecosystem for CMA in India

#CMAmatlabMiles

Why CMA?

Page 8: Be “Future Proof”!

Miles’ Corporate tie-ups for CPA/CMA training

With Miles’ credibility and high-quality training delivery, Miles is an empanelled training partner with all Big 4 and 220+ MNCs (includes 75+ Fortune 500 companies).

Corporate tie-ups also ensure Miles gets recruitment mandates (many of them exclusive) for placements of Miles alumni.

Why CMA?

Page 9: Be “Future Proof”!

The CMA Exam& Certification

About CMA

Page 10: Be “Future Proof”!

CMA Exam = 2 Parts

The 2-part CMA exam cover a broad-base of topics, all that a Management Accountant or Financial Analyst needs to know! Candidates would need approx. 500 hours to prepare for the exams.

Exam pass rate of over 40%.

The CMA exam now also test “Technology & Analytics”.

Part 1 Financial Planning, Performance and Analytics(4 hours - 100 questions and 2 essay questions)

Part 2 Strategic Financial Management(4 hours - 100 questions and 2 essay questions)

External Financial Reporting Decisions

Planning, Budgeting & Forecasting

Performance Management

Cost Management

Internal Controls

Technology and Analytics

15%

20%

20%

15%

15%

15%

Level C

Level C

Level C

Level C

Level C

Level C

Financial Statement Analysis 20% Level C

Corporate Finance 20% Level C

Decision Analysis 25% Level C

Risk Management 10% Level C

Investment Decisions 10% Level C

Professional Ethics 15% Level C

Key pointers: - Exam pattern = 75% objective pattern / 25% essay questions- Passing score of 360 out of 500 on each part global pass rate > 40%- ANYTIME across 3 exam testing windows: Jan-Feb, May-June, Sep-Oct (6 months/year)- ANYWHERE in India or abroad

About CMA

Page 11: Be “Future Proof”!

Overlap between CPA and CMA curriculum

4 parts of CPA exam:

Financial Accounting& Reporting (FAR)

Auditing & Attestation (AUD)

Regulation(US Tax/Law) (REG)

Business Environment& Concepts (BEC)

Indicative coverage on the CMA exam:

Covered on CMA Not Covered Not Covered Covered on CMA

CMA = Focus on Finance & Accounting

= CPA (-) Audit (-) Tax/Law

About CMA

Page 12: Be “Future Proof”!

e

e

e

CMA certification requirements

Students can clear the 2-part CMA exam along with their graduation; later, meet the other requirements for the CMA certificate.

Professionals with 2+ years of experience only need to clear the 2-part CMA exam to earn the CMA designation.

To obtain the CMA certificate, candidates need to fulfill the following criteria:

Examination: Clear Part 1 & Part 2 of the CMA exam

Education Qualification - Bachelor’s degree Note: The education requirement may be completed prior to or within 7 years of passing the examination. This implies that students who are pursuing their bachelor’s are eligible to take the CMA exams.

Experience - 2 years of professional experience in accounting or finance Note: The experience requirement may be completed prior to or within 7 years of passing the examination.#CMAmatlabMiles

About CMA

Experience Education

Examination

CMA=

3 E’s to becoming a CMA

+

Page 13: Be “Future Proof”!

CMA Training@Miles CMA ReviewWorld’s largest CMA course provider*

Global Platinum Partner of IMA, USSpecial bundle discount via IMA-Miles partnershipCorporate tie-ups & Placements for CMALead Instructor - Varun Jain, CPA, CMA, Harvard B-School alumnus

#MilestoCMA

*Highest no. of enrollments globally for CMA exam in English

Page 14: Be “Future Proof”!

IMA-Miles in India

Miles Education has been instrumental in building:

DEMAND for CMAs from 220+ corporates (for hiring and L&D) SUPPLY of CMAs for B2C (training at 70+ universities & autonomous colleges)

8 SUCCESSFUL YEARSof building theCMA ecosystem in India

#MilestoCMA

Miles is IMA’s Global Platinum Partner & the world’s largestCMA course provider*

*Highest no. of enrollments globally for CMA exam in English

Page 15: Be “Future Proof”!

Miles CMA - Course offerings

Led by Varun Jain - world’s favourite CMA instructor.*

Miles is the global platinum partner of IMA.

Miles is world’s largest CMA course provider.*

Miles CMA Study Materials compiled in exam-focused notes format and including multiple aids for conceptual understanding and memory.

250+ hours of blended learning experience: 50+ hours of pre-recorded videos including both "concepts on the whiteboard" & "annotations on your book" by Varun Jain 200+ hours of live online & classroom training by Varun Jain & Team spread over 100+ webinar & classroom sessions

Up to 100+ one-on-one mentoring sessions.

Advisory support for CMA exam application, CMA certification, etc.

100% Placement assurance (for self-sponsored candidates).

*Highest no. of enrollments globally for CMA exam in English*Varun’s CPA & CMA videos on YouTube have over 20M views

#MilestoCMA

Page 16: Be “Future Proof”!

One-Mile-at-a-time!

CMA Gameplan - Pass the 2 exams by Sep 2022

#MilestoCMA

During classes: Concept webinars @6 hrs/week Practice webinars @6 hrs/week Varun’s Videos @4 hrs/week Practice sessions @6 hrs/week

Post-classes:Revision @22 hours/week.

CMA

Part 2Classes

JAN2022

FEB2022

Part 2Exam

Part 2MentoringSessions

MAR2022

APR2022

MAY2022

Part 1Classes

JUN2022

JUL2022

Part 1MentoringSessions

AUG2022

Part 1Exam

SEP2022

Page 17: Be “Future Proof”!

Miles training videos = Concepts + Annotations

Miles’ training videos by Varun Jain, world‘s favourite CPA/CMA Instructor.

50+ hours of pre-recorded videos including both "concepts on the whiteboard" & "annotations on your book”.

About Varun Jain: Co-founder of Miles Education Investment Banker at Morgan Stanley Harvard B-School alumnus

mileseducation.com/cma/varun-jain-cma-videos

#MilestoCMA

Section BLong-Term Financial Management

CM

A P

art

1

Section BForecasting Techniques

Section CCost & Variance Measures

CM

A P

art

2

Section AWorking Capital Analysis

Page 18: Be “Future Proof”!

Why is Miles world’s largest CMA course provider?

MILES CMA

IMA’s global platinumpartner; world’s largestCMA course provider*

Live online training &face-to-face masterclassesby world’s favourite CMA instructor Varun Jain

Concept-focusedvideos with “concepts onwhiteboard” & “annotations/highlighting on book”

360 degreesupportto clear CMA (2022 pass guarantee)

100%placement rateat MNC’s

Mostly non-approved; very few enrollments

Average quality of instruction

Little focus on concepts

Little or no support/clue on placements

Limited-period support. No Pass Guarantee

OTHERS

Miles to CMA

*Highest no. of enrollments for CMA exam in English

Franchise model - simply resell content of US providers. US content istailored for US accounting graduates (not for international candidates)

Page 19: Be “Future Proof”!

CMA exam & certification expenses

Students: ₹84,400 study materials & training (with EMI options) IMA fee in 2 installments $118 $400 [for exams]

Professionals: ₹84,400 study materials & training (with EMI options) IMA fee in 2 installments $283 $600 [for exams]

Miles CMA Fees

Miles CMA Study Materials

Miles CMA Training & Support Fees

GST [on Training & Support Fees] @18%

Total CMA Training Fees (incl. of taxes)

Students Professionals

₹ 49,000

₹ 30,000

₹ 5,400

₹ 84,400

₹ 49,000

₹ 30,000

₹ 5,400

₹ 84,400

Less: Savings in IMA fees (by virtue of Miles beingan IMA Platinum Partner)

Net Incremental Cost [calculating the way a management accountant would!]

(₹ 35,264) (₹ 40,280)

₹ 48,776 ₹ 44,120

IMA Fees Bundle *

IMA Membership Fee (for students = 3 years;for professionals = 1 year) + GST 18%

CMA Certification Entrance Fee + GST 18%

CMA Exam fees (Part 1 & Part 2)

$188$34

$622

$245$44

$250$45

$830

$117$21

Total (Study Materials + IMA fees) $982

Less: Bundle Discount for Miles ($464)

Net (Study Material + IMA Fees) ^ $518

₹ 74,632

(₹ 35,264)

₹ 39,368

$1,414

($530)

$883

₹ 107,464

(₹ 40,280)

₹ 67,184#CMAmatlabMiles

#MilestoCMA

Page 20: Be “Future Proof”!

#MilestoCMA

Miles Education is India’s largest training provider for US CPA, US CMA, US CFA.Miles is partnered with 220+ MNCs and 70+ Universities.Miles works with universities to train students to help them be industry-ready as they graduate.

Not just CMA, it’s #FinancematlabMiles

Certified PublicAccountant (CPA), US US public accounting license 4 exam, 12 months timeline @Miles, India's #1 CPA Review Placements @Big 4 & MNC’s

Certified Management Accountant (CMA), US Global finance professional 2 exam, 6-8 months timeline @Miles, IMA’s Platinum Partner Placements @MNC’s

Chartered Financial Analyst(CFA), US Investment management 3 levels, 2-3 years timeline @Miles, exclusive India partner of Kaplan Schweser

R

CFAR

Page 21: Be “Future Proof”!

Miles Education - Global Presence

www.mileseducation.com

Miles is present across 20+ cities in India, UAE and US.

Batches for CMA start every 2 months.

#MilestoCMA

USAChicagoLos AngelesNew York

UAEDubai

INDIAAhmedabad

BangaloreChandigarh

ChennaiNew Delhi

HyderabadIndoreKochi

KolkataLucknowMumbaiMysoreNagpurPuneThiruvananthapuram

Page 22: Be “Future Proof”!

#MilestoCMA

Miles Education - Presence in India

Sector 17-C, Chandigarh+91 90330 12287

Gomti Nagar, Lucknow+91 93117 78255

Memnagar, Ahmedabad+91 72089 17981

Park Street, Kolkata+91 93219 12754

Vijay Nagar, Indore+91 80974 48731

Sitabuldi, Nagpur+91 89040 27999

Andheri (E), Mumbai+91 91679 36770

Kothaguda, Hyderabad+91 91210 05824Yerawada, Pune

+91 80974 48727

M.G. Road, Bangalore+91 80734 38945

Koramangala, Bangalore+91 63662 32126Jayalakshmipuram, Mysore

+91 96117 44488

Ekkaduthangal, Chennai+91 81210 31141Kawdiar, Thiruvananthapuram

+91 79934 52631

Ernakulam Kerala, Kochi+91 88677 01140

Saket District Centre, Delhi+91 93118 19989

Nehru Place, Delhi+91 88002 71766

Page 23: Be “Future Proof”!

“The SECRET of getting AHEAD is getting STARTED”. - Mark Twain

Earn your CMA in 2022!

#CMAmatlabMiles

mileseducation.com

- A D E C A D E O F E X C E L L E N C E -