The CIMA Course (Chartered Institute of Management Accountants) was founded in the UK. It is a proficient institute that is renowned all over the globe. It gives aspirants training to obtain CIMA qualification. CIMA course gives you expertise in finance, provides you with the skills to make key decisions in business and advise others of the financial implications. It is also seen as a passport to global employment. CIMA course is the first choice for employers, with members and students spread across 176 countries worldwide.
CIMA course qualified personnel have an extensive strategy in business compared to their non-CIMA qualified counterparts. They involve more management accounting techniques. This qualification enables to take up jobs within and outside the financial sphere. There is equal emphasis given to management and accounting; thus making it wider in scope.
CIMA members are qualified to engage in a wide variety of activities like Project Finance, Management Accounting, Financial Analysis, Forensic accountancy, business analysis, etc.
Who should do CIMA?
Any graduate or undergraduate, who is good in mathematics and wants to make a global career in Financial Accounting & Business Analysis, should do CIMA course. CIMA accountants are held in high esteem and are in great demand because of their strategic and managerial focus, as well as their broad skill-set.
How to become CIMA Qualified?
CIMA course is offered by CIMA Institute. The candidate is required to study for and pass 4 levels of exams and meet other requirements.
Completion and passing of 12th exams
- Certificate in Business Accounting:
- Fundamentals of Business Economics
- Financial Accounting
- Management Accounting
- Ethic, Corporate Governance, Business Law
- Business Mathematics
Managerial, Operational & Strategic Level:
- Performance pillar
- Enterprise pillar
- Financial pillar
- Duration & Cost
For graduates, it takes nearly about 2 years to take all four levels of exams. The approximate cost of all the exams is 1 lakh and approximate tuition fee for all the levels is 1 lakh. You can work while pursuing CIMA.
Job Opportunities in India:
In India generally, the average salary of CIMA members is 4 lakhs to 12 lakhs. Job opportunities are there for all KPOs, Audit & accounting firms, Financial Advisory firms, and corporate departments of MNCs. Top positions in companies in all areas of the organization are filled by CIMA members.