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Commerce is the basis for every business. The majority of the world's essentials run on the transaction of goods and services. Running a company is not an easy task. A loophole in the financial system can disrupt the entire business. Pursuing a Bachelor of Commerce with Certified Management Accountant (B.Com with CMA) course will allow you to participate in the smooth functioning of business administration, management, and finance processes. Completing B.Com with CMA can open broader avenues for a lucrative career in the world of trade and commerce.
CMA is a professional certified course in management, accounting, banking, and finance. It is a global certification recognized by the Institute of Management Accountants (IMA) from the United States of American (USA). It is more finance-oriented and focuses on specialized training in auditing, business and financial planning, costing analysis, budget preparation, forecasting, company investments, etc.
Candidates can explore various job opportunities after completing B.Com with CMA. Some of the job prospects are:
B.Com with CMA is a 3 years undergraduate course, divided into six semesters. Along with the B.Com Syllabus, aspirants have to study for the 3 levels of CMA.
The 3 levels are:
To attempt for the CMA test, students must clear all their backlogs from B.Com. Candidates are allowed to take a grace period of 2 years to clear their backlogs.
Candidates have to meet the following eligibility criteria for B.Com with CMA:
Here is a quick guide to the admission procedure for B.Com with CMA:
The course structure of B.Com is divided into 6 semesters. Below is the detailed semester structure for B.Com:
| English Language | Business Organization and Management |
| Environmental Studies | Financial Accounting |
| Business Law | Language II |
| Language I | Business Mathematics and Statistics |
| Income Tax Law and Practice | Computer Applications in Business |
| Company Law | Language II |
| Cost Accounting | E-Commerce |
| Business Communication | Corporate Accounting |
| Entrepreneurship | Principles of Marketing |
| Principles of Macroeconomics | Human Resource Management |
| Indirect Tax Law | Auditing and Corporate Governance |
| Fundamentals of Financial Management | - |
| Indian Economy | Office Management and Secretarial Practice |
| Personal Selling and Salesmanship | Corporate Tax Planning |
| Consumer Protection | Management Accounting |
| Fundamentals to Investment | Computerized Accounting System |
| International Business | Banking and Insurance |
The course structure of CMA is divided into 3 levels. Here are the complete details as per the levels:
CMA Foundation:
| Fundamentals of Economics and Management | Fundamentals of Business Maths & Statistic |
| Fundamentals of Accounting | Fundamental of Laws and Ethics |
CMA Intermediate:
| Financial Accounting | Cost and Management Accounting |
| Laws, Ethics and Governance | Indirect Taxation |
| Direct Taxation | Company Accounts & Audit |
| Cost accounting and financial management | Indirect Taxation |
| Operation Management Information System | Company Accounts & Audit |
CMA Final:
| Corporate Laws and Compliance | Corporate Financial Reporting |
| Advanced Financial Management | Strategic Performance Management |
| Tax Management and Practice | Cost and Management Audit |
| Business Strategy & Strategic Cost Management | Financial Analysis & Business Valuation |
The course also includes various theoretical lectures, practicals, seminars, case studies, and group discussions. The assessments include project submission and viva voce. You can also bag attractive internship opportunities and kick-off to a great start in your career.
The CMA Exam structure is as follows:
| Exam Mode | Offline |
| Question Type | Essay and Multiple Choice Questions. |
| Number of Levels | 3 |
| Exam Centres | Prometric Centres Across India |
The pay scale depends on the experience, skillset, performance, consistency, initiative, and overall contribution to the company.
The average salary for a Certified Management Accountant, India is around Rs. 8.3 lakh per annum. Freshers can make anywhere between Rs. 2.8 to Rs.4 lakh per annum.
Here are the details of approximate yearly packages of a few profiles under CMA:
| Designation | Pay Per Year |
| Financial Controller | Rs. 13 to Rs. 31 Lakhs |
| Finance Manager | Rs. 11 to Rs. 23 Lakhs |
| Finance Director | Rs. 7 to Rs. 70 Lakhs |
| Financial Analyst | Rs. 5.2 to Rs. 12 Lakhs |
| Certified Management Accountant | Rs. 4.9 to Rs. 12 Lakhs |
| Chief Financial Officer | Rs. 4.7 to Rs. 7.8 Lakhs |
You can pursue a certified management accountant course in Bangalore at some of the best colleges. Below is a list of some of the best B.Com with CMA colleges in Bangalore:
What will be the B.Com with Certified Management Accountant eligibility criteria?
- Candidates must have completed 10+2 in any stream from a recognized board with a minimum score of 45%. The admissions are based on merit or entrance exams.
What is B.Com with a CMA (USA) Course?
- It's a 3 year undergraduate Bachelor of Commerce(B.Com) course with Certified Management Accountants(CMA) specialization (USA). The Course deals with Cost & Management Accountancy, Auditing, Business Advisory Services, Taxation, etc.
Where can I study the certified management accountant course in Bangalore?
-There are top colleges in Bangalore to pursue B.Com with CMA like Christ University, Jain University, St. Joseph's College, Dayanand Sagar, Kristu Jayanti, etc.
What is the fee structure for B.Com with CMA?
- Depending on the college and quota, the fees for B.Com with CMA course may range between Rs. 98,000 to 1,80,000 per year.
What is the job prospect of studying B.Com with CMA?
- Some of the popular industry verticals for B.Com with CMA students are Auditing, Private Banker, Performance Management, Management and Cost Accounting, Corporate Governance, Financial Risk Management, Corporate and Financial Accounting, Venture Capital, etc.
