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Ignite your CMA India journey in 2023

Image shows symbolic representation of Indian CMA's professional growth.

Are you ready to ignite your CMA India journey in 2023?

With the right coaching and resources, you can achieve your CMA certification and take your career to the next level.

In this blog post, we’ll explore the benefits of CMA certification, why 2023 is the perfect time to start your journey, and how Stride Edutech can help you succeed.

So what are you waiting for? Start reading to learn more and ignite your CMA India journey today!

Understanding the CMA India certification

The CMA certification is a professional designation recognised in India for individuals pursuing a career in management accounting and financial management.

Overview of the CMA India certification

Benefits of obtaining the CMA India certification

Professionals in the management accounting industry may profit in several ways from obtaining the CMA India certification. Here are a few significant benefits:

  1. Professional Acceptance
  2. Career Development
  3. High Paying
  4. Specialised Information
  5. Competitor advantage
  6. Potential Networking Contacts

Job Opportunities and Roles of CMAs in various industries

Here are some of the specific job roles that CMAs can take on in different industries:

  • Manufacturing: As a financial analyst, cost accountant, and management accountant
  • Financial Services: As an investment analyst, portfolio manager, and risk manager
  • Technology: As a product manager, financial controller, and business analyst
  • Healthcare: As a cost analyst, reimbursement manager, and financial director
  • Government: As a budget analyst, financial manager, and auditor

CMAs can also work in various other industries, such as retail, education, and non-profit.

Comparison with other accounting certifications

The credentials listed below are well-respected and can help you grow in the accounting and finance fields. Depending on the company that gives the certification, the specific advantages will differ, but they can all result in higher pay, more work prospects, and faster career advancement.



Exam Structure


CMA India

Institute of Cost Accountants of India (ICAI)

Two-part exam

Bachelor’s degree in accounts or related field, and two years of work experience


American Institute of Certified Public Accountants (AICPA)

Four-part exam

Bachelor’s degree in accounts or related field, and 150 semester hours of college coursework


Association of Chartered Certified Accountants

Three-part exam

Bachelor’s degree in accounts or related field, and three years of work experience


CMA India exam structure and syllabus

CMA India exam structure

You must complete three CMA examination levels, including training to become a certified CMA practitioner. They are as follows:

  1. CMA Foundation
  2. CMA Intermediate
  3. CMA Final

CMA India exam syllabus

Three levels form the basis of the CMA Course syllabus. The syllabus for the CMA Foundation course includes the basics of accounting and management, and there are two groups of four subjects each for the CMA Intermediate and Final. 

Image about syllabus of CMA India exam.

Exam Level

Number of Papers


CMA Foundation


Paper 1: Fundamentals of Economics and Management

Paper 2: Fundamentals of Accounting

Paper 3: Fundamentals of Laws and Ethics

Paper 4: Fundaments of Business Mathematics & Statistics




CMA Inter / CMA Intermediate


CMA Inter Group 1


Paper 5: Financial Accounting

Paper 6: Laws & Ethics

Paper 7: Direct Taxation

Paper 8: Cost Accounting



CMA Inter Group 2


Paper 9: Operations Management & Strategic Management

Paper 10: Cost & Management Accounting and Financial Management

Paper 11: Indirect Taxation (Including Customs Act)

Paper 12: Company Accounts & Audit






CMA Final 



CMA Final Group 3


Paper 13: Corporate Laws & Compliance

Paper 14: Strategic Financial Management

Paper 15: Strategic Cost Management – Decision Making

Paper 16: Direct Tax Laws and International Taxation



CMA Final Group 4


Paper 17: Corporate Financial Reporting

Paper 18: Indirect Tax Laws & Practice (Including Customs Act)

Paper 19: Cost & Management Audit

Paper 20: Strategic Performance Management and Business Valuation


CMA India exam eligibility

The discussion of eligibility for Foundation, Intermediate, and Final examinations follow.

CMA Foundation eligibility criteria and details

To become a Cost Management Accountant, One should complete these three levels of the CMA course.

  • Students who have passed 10th and +2 are eligible for the CMA Foundation
  • Exams are conducted by ICAI two times a year, in June and December.
  • You are eligible for CMA Intermediate after passing the CMA Foundation.
  • You are exempted from ICMAI Foundation exams if you have any graduate degree. You can directly appear for CMA Intermediate.

CMA Intermediate eligibility criteria and details

  • A candidate should have passed (10+2) & the Foundation Course of the ICAI.
  • Graduation from a major other than the fine arts.
  • Qualified in ICSI Foundation or ICAI Intermediate.
  • It is mandatory to complete Communication and Soft Skills (CSS) Training for 3 days and Complete Computer Training for 100 hours before appearing in the exam.

CMA Final eligibility criteria and details

Candidates can apply for this course after qualifying for the CMA Intermediate Course.

Exam registration process

The registration process for the CMA India exam is as follows:

Step 1: Create an account on the ICAI website.

To create an account, you must provide your name, email address, and contact details. Additionally, you’ll need to create a username and password.

Step 2: Complete the registration form & submit your application fee.

On the ICAI website, you can find the registration form. The application fees vary depending on your educational background and whether you are a first-time or repeat applicant.

Step 3: Upload your academic transcripts and work experience verification.

Verifying your work experience and copies of your academic transcripts must be uploaded. The academic transcripts must be from an accredited institution or university. The work experience verification must be from a company member of the ICAI.

Step 4: Submit your application.

Image of aspirants applying for CMA India exam.

After completing the previous steps, you can submit your application. You will be notified of the ICAI’s application review status within a few weeks.

Online registration is available for the CMA India examination. On the ICAI website, you may find further details regarding the registration procedure.

Registration fee for the CMA India course

CMA INDIA has 3 levels – Foundation, Intermediate and Final. The fees of the CMA Foundation should be paid on time. In contrast, CMA Intermediate and Final fees can be paid in instalments. 

Revised CMA course fee structure


Course Fee




Option I


Option II





Option I


Option II






Note – 2nd instalment must be payable on or before 31st January for the June term and 31st July for the December term of examinations.

CMA India course registration date

The exam will be given twice, in June and December of 2023. The registration dates for each session are as follows:

  • June session: January 31, 2023, to July 31, 2023,
  • December session: July 31, 2023, to December 31, 2023

Difference between CMA US vs CMA India

Difference between the CMA India and CMA US are tabulated below:



CMA India

Respective Board 

Institute of Management Accountants (IMA)

The Institute of Cost Accountants (ICmai)

Course fees

INR 70,000 to 1,00,000

INR 54,100


1 to 2 years

3 to 4 years 

The average salary in India

8 to 15 lakhs per annum (INR)

5 to 12 lakhs per annum (INR)


Global Recognition

Recognised only in INDIA and a few other countries


No levels. Only 2 parts.

Three levels

  • CMA Foundation course
  • CMA Intermediate
  • CMA Final

Is US CMA more difficult than the Indian CMA?

The difficulty of the CMA US and the Indian CMA depends on several factors, including your strengths and weaknesses, educational background, and work experience. However, in general, the US CMA is considered to be more difficult than the Indian CMA.

CMA India exam preparation tips and strategies

Here are some CMA India exam preparation tips and strategies:

  • Start early: It is crucial to start studying early because the CMA India exam is challenging. You will have enough time to understand the subject and practise answering questions.
  • Create a study plan: Once you’ve begun preparing, making a study schedule is critical. This will aid in keeping you on course and ensure you cover all of the information.
  • Use various resources: You can use various tools to aid in your exam preparation for the CMA India. Textbooks, sample tests, and online courses are some of these resources.
  • Join a study group: A study group might help you stay motivated and gain knowledge from others.
Image of aspirants studying in group for CMA India exam.
  • Take practice exams: Examining your progress and determining which areas require more practice is facilitated by taking practice tests.
  • Manage your time wisely: Using time management skills is crucial because the CMA India exam is timed. In other words, start with the simple questions and go on to the more challenging ones afterwards.
  • Get enough sleep: Obtaining enough rest the night before the test is crucial. You can do this to keep your attention and alert during the exam.
  • Stay positive: Although the CMA India exam is challenging, it’s crucial to maintain a positive attitude. You will be more likely to perform well on the test if you believe in your abilities and your ability to achieve.

You may speed up your CMA India exam preparation and improve your chances of success by implementing these suggestions and strategies.

Test-taking strategies for the CMA India exam

The CMA India exam requires solid knowledge and effective test-taking strategies. Here are some strategies to help you perform well on the exam:

  1. Time Management: Allocate specific time to each question or section. Move on from difficult questions and prioritise high-mark questions.
  2. Read Questions Carefully: Pay attention to keywords and phrases that indicate the required response.
  3. Answer Strategically: Use the process of elimination in multiple-choice questions and make educated guesses when unsure.
  4. Manage Stress: Practice stress management techniques, get enough sleep, and arrive early on exam day.
  5. Review and Revise: Finally, reserve time to check for errors and missed questions and review answers.

Remember to combine these strategies with a solid understanding of the subject matter. Good luck!

Maintaining CMA India Certification

Every five years, you must earn 40 Continuing Professional Education (CPE) credits to keep your CMA India certification active. CPE credits can be obtained via various activities, including classes, seminars, and article writing.

You can keep up your certification using several CPE programmes and tools provided by the ICAI. The ICAI website contains more details about CPE.

Here are some benefits of maintaining your CMA India certification:

  • Being current with management accounting’s most recent advancements.
  • Displaying your dedication to professional growth.
  • Increasing your credibility in your field.
  • Become eligible for increased pay and promotions.

To stay current and enhance your career, it’s critical to keep your CMA India certification if you’re a certified professional.



The blog discusses the benefits of becoming a CMA India certified professional, the steps involved in becoming certified, and tips for preparing for the exam. The blog concludes by encouraging readers to start their CMA India journey in 2023.

The CMA India certification can help you advance your career in accounting and finance. Stride Eductech Coaching Centre can help you pass the CMA India exam and achieve your career goals. Visit our website to learn more.

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Cost and Management Accountancy (CMA) - Stride Edutech


1.What is the CMA India exam’s cutoff score?

The passing score for the CMA India exam is 50% for each paper. You must answer at least 50% of the questions correctly to pass the paper. 

2.How can I keep my CMA India certification active after passing the test?

You must earn 40 CPE credits every 5 years to keep your CMA India certification active. The ICAI offers a variety of CPE programs and tools to help you stay up-to-date. Visit the ICAI website for more information.

3.How often is the CMA India exam offered?

The CMA India exam is offered twice yearly, in June and December.

4.Where can I take the CMA India exam?

The CMA India exam is offered at designated exam centres across India.

5.What are the re-examination procedures for CMA India certification?

If you do not pass a paper, you can retake the paper as many times as you need to pass.

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Cost and Management Accountancy (CMA) - Stride Edutech

Cost and Management Accountancy (CMA) - FAQ

Cost & Management Accountant (CMA) is a designation given to a cost accounting professional who has received certification from the Institute of Cost Accountants of India (ICAI), India. a statutory body.

Cost & Management Accountant or Cost & Management Accountancy

CMA India course is conducted by the Institute of Cost Accountants of India (ICAI) where students have to study 20 papers and CMA US is the course conducted by Institute of Management Accountant (IMA) where students have to study 2 papers.

The fees charged by Institute of Cost Accountants of India (ICAI) for each level is,

CMA Foundation Fees = ₹ 4,000/-

CMA Inter Fees = ₹ 20,000/-

CMA Final Fees = ₹ 17,000/-

There is no articleship required for CMA. Instead, students have to undergo 15 months of practice training.

Yes, ICWA - Institute of Cost and Work Accountant is the previous name of CMA

ICWA - Institute of Cost and Work Accountant is the previous name of CMA

CMA courses can be done either through Foundation Entry Route or Direct Entry Route.

After 12th, Register yourself in (Institute of Cost Accountants of India) ICAI through Foundation entry and clear all three levels with 15 months of practical training.

There are 20 subjects in 3 levels of CMA Course. CMA Foundation is excluded for Direct Entry candidates.

CMA Foundation - 4 Subjects

CMA Inter - Group 1 - 4 Subjects

CMA Inter - Group 2 - 4 Subjects

CMA Final - Group 1 - 4 Subjects

CMA Final - Group 2 - 4 Subjects

Institute of Cost Accountants (ICAI) conducts the exams in June and December every year. The exams in 2020 might be delayed due to coronavirus lockdown.

For June exams, 31st Jan is the last date for registration

For Dec exams, 30th July is the last date for registration

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