Be “Future Proof”!

Be a US CMA
▪ 2 exams [12 core practice areas]
▪ @Miles, IMA’s platinum partner
Section 1

The CMA Career

Roadmap to CMA The US CMA designation

CMA by IMA (US) = US equivalent of CMA

• CMA - Certified
Management • Global recognition [a “global passport”
Accountant International for finance & accounting professionals]
• CMA exam USPs Credibility • Opportunity with MNCs in India and
abroad
• 2 exams only
• Exams in India
• Extensive career
opportunities with Industry- • Finance & Accounting
• Financial Reporting, Planning,
MNCs in finance & relevant Performance, Control, Decision-making
accounting
Skills • No Audit / Tax

• 2 exams only, 11 Sunday classes

• Can complete within 6 months
Course USPs • Anywhere: India or globally
• Anytime: 6 months/year

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Roadmap to CMA The US CMA designation

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

• US professional • Indian (or even UK)

Indian CA /
qualifications US professional
International
“COMPLEMENT” CPA / CMA qualifications tend
qualifications
UNIVERSITY to “SUBSITUTE”
EDUCATION – e.g., UNIVERSITY
to be a CPA, CMA or Global EDUCATION – e.g.,
CFA, a university recognition you can be an Indian
degree is mandatory CA, CMA or CS
• Therefore, these are without being an
2-4 exams, 13-20 exams, under-graduate!
crisper in content and single-level multi-level
focus only on skill- • Therefore, these are
gaps that are lengthy and also
needed to be a F&A University University encompass what a
professional degree required degree candidate would
• Designed to be have covered (or
pursued alongside simultaneously
a full-time job and to covers) in a
facilitate the career university degree
progression for
professionals

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Roadmap to CMA The US CMA designation

CMA @F&A roles = “Value Creation”

• Management
Accounting is about Inside the organization
“value creation”
whereas Public
Design Implement Manage Report
Audit
Accounting treads
into “valuation”
• CMAs work inside
the organization Management Accounting Public Accounting
creating value by
providing high Management Accountants help create value,
quality financial rather than simply measuring it!
information to
management. Public Key responsibilities of Management Accountants:
accountants (CPAs) • Act as trusted business advisors
attest to the validity • Support management decision making process
of that information • Involved in strategic development initiatives
• Work “hands on” to add value in organizations
• Use broad-based business knowledge to improve
company performance

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Roadmap to CMA The US CMA designation

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, January 2015

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Roadmap to CMA The US CMA designation

CMA = “Global passport” for finance professionals

• Founded in 1919,
IMA is present
globally:
• US
• Europe
• Middle East
• China (exams in
Chinese as well)
• Singapore
• India

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Roadmap to CMA The US CMA designation

Miles’ Corporate Tie-ups for CPA/CMA training

• Big 4 and MNCs

across India
sponsor the
CPA/CMA program
including the Miles
study materials and
training fees for
their professionals
• This reflects the
industry demand for
CPA/CMA as well
as Miles’ credibility
for CPA/CMA
training
Section 2

The CMA Exam & Certification

Roadmap to CMA The US CMA designation

CMA Exams = 2 Parts [Curriculum from 2020]

• The 2-part CMA

exams cover a
broad-base of topics
– all a Management
Accountant or
Financial Analyst
needs to know!
• Candidates would
need approx. 400
hours to prepare for
the exams
• Exam pass rates of
over 40%
• Beginning 2020, the
CMA exams also
test “Technology
and Analytics” 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 10
Roadmap to CMA The US CMA designation

Overlap between CPA and CMA curriculum

4 parts on the CPA exams:

• Financial • Auditing & • Regulation (US • Business

REG
AUD

BEC
FAR

Accounting & Attestation tax & business Environment &

Reporting law) Concepts

Indicative coverage on the CMA exams:

Covered Not Not Covered

on CMA covered covered on CMA

CMA = Focus on Finance & Accounting

= CPA (-) Audit (-) Tax/Law
Roadmap to CMA The US CMA designation

CMA Certification Requirements

• Students can clear

the 2-part CMA
exams along with Exams: Education: Experience: CMA
their graduation; Only 2 parts Bachelor’s 2 years Certificate
later, meet the other
requirements for the
CMA certificate
• Professionals with To obtain the CMA certificate, candidates need to fulfill the following criteria:
2+ years of • Examination - Clear Part 1 & Part 2 of the CMA exams
experience only • Education Qualification - Bachelor’s degree
need to clear the 2-
• Note: The education requirement may be completed prior to or within 7 years of
part CMA exams to passing the examination. This implies that students who are pursuing their
earn the CMA bachelor’s are eligible to take the CMA exams
designation
• 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

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Section 3

CMA Training @Miles CMA Review

- India’s largest CMA review
- Platinum Partner of IMA, US, in India
- Official IMA study materials by Wiley
- Special bundle discount via IMA-Wiley-Miles partnership
- Corporate tie-ups & Placements for CMA
- Lead Instructor - Varun Jain, CPA, CMA, Harvard B-School alumnus
Roadmap to CMA The US CMA designation

IMA-Wiley-Miles Tri-party Arrangement in India

• IMA-Wiley-Miles
Institute of Management
have a tri-party
agreement whereby Accountants, USA – Offers
Miles CMA Review the CMA certification
is the Platinum
Course Provider
of IMA (Institute of
Management Wiley – Publisher of “official”
Accountant) in India IMA study materials & online
test-bank

Miles Education – IMA’s

Platinum partner for CMA in
India

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Roadmap to CMA The US CMA designation

Miles CMA Review - Course Offerings

• Miles CMA Review • Wiley CMA-excel Review Learning System

is the “official”
partner of IMA • IMA approved study materials
(Institute of
Management • Online test bank access
Accountant) in India
• Miles CMA Review Notes compiled in exam-focused
• Training is provided
using “official” notes format and including multiple aids for conceptual
IMA-licensed
study material understanding and memory
published by
Wiley • 75+ hours of Classroom training spread over 11 Sundays
• Classes conducted
• Advisory support for CMA exam application, CMA
across 10 cities in
India certification, etc.
• Placement assistance (for self-sponsored candidates)

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Roadmap to CMA The US CMA designation

ONLY “official” study materials licensed by IMA

• Use of “official” IMA

study materials
entitles candidates
to a special
discounted bundle
pricing whereby
the cost of these
study materials is
pre-dominantly
covered in the IMA
fees CMA Learning System (published by Wiley)
• IMA approved study material
• Includes:
• Study material for Part 1 and Part 2 [useful for conceptual
understanding]
• Online test bank access for Part 1 and Part 2 [useful for
practice questions and mock exams]
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Roadmap to CMA The US CMA designation

Miles Training Videos = Concepts + Annotations

CMA.MilesEducation.com
• Miles’ videos are
pre-recorded by
Varun Jain, CPA,
CMA, who is
undoubtedly India’s
favorite CPA and
CMA instructor
• About Varun:
• Co-founder of
Miles Education
• Ex-investment
banker at Morgan
Stanley
• Harvard B-School
alumni

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 Roadmap to CMA The US CPA designation

CPA Gameplan - Pass all exams by Sep 2020

• May 9 - July 25: 11

weeks for CMA exam • Webinars: May
Part

CMA Exams in Sep / Oct 2020

preparation @20
hours/week including:
9 / 16 / 23 / 30,
• Varun’s Webinars
June 6 / 13
@2 hrs/week
• Varun’s Videos
@5 hrs/week
1 • Practice Exam:
June 20
• Online test-bank
@13 hrs/week
• Aug 1 - Oct 31: 3
months for CMA exams:
• Webinars: June
Final Revision @20
hours/week
Part 20 / 27, July 4 /
11 / 18
2 • Practice Exam:
July 25
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 Roadmap to CMA The US CPA designation

Why is Miles India’s #1 CMA review?

• Miles is India’s largest

and #1 CMA review
• Miles is the Global
Miles CMA Others
Platinum Partner of
IMA and has been IMA’s Global Platinum Partner; Mostly non-approved; don’t use
instrumental in building India’s largest and #1 CMA review; “official” Wiley study materials; Very
uses “official” Wiley study materials few enrolments
the CMA ecosystem in
India - presence in 9
cities and partnerships Concept-focussed Videos with
with 100+ MNC’s “concepts on whiteboard” & Little focus on concepts
including all of the Big 4 “annotations/highlighting on book”
• Videos, live online
training and face-to- Live online training & face-to-face
face masterclasses by masterclasses by India’s favourite CPA Average quality of instruction
Varun Jain (India’s instructor – Varun Jain
favorite CPA & CMA
instructor) Built the CMA ecosystem in India;
Classes in 9 cities + Tie-up with 100+ Little or no support/clue on placements
MNC’s for placements

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Roadmap to CMA The US CMA designation

CMA Exam & Certification Expenses

Students: CMA Training Fees Students Professionals

• ₹45,900 training Miles CMA Training & Support Fees ₹ 38,900 ₹ 38,900
• $1,025 bundle GST @18% ₹ 7,000 ₹ 7,000
payable in 3 Total CMA Training Fees (incl. of taxes) ₹ 45,900 ₹ 45,900
installments
✓ $525 (₹39,900) Study Materials + IMA Fees Bundle * Students Professionals
✓ $100 Official IMA study materials - textbooks $960 $960
& online test-bank (Wiley CMAexcel
✓ $400
Learning System) **
IMA Membership Fee (for students = 3 $117 $245
Professionals: years; for professionals = 1 year)
• ₹45,900 training CMA Certification Entrance Fee $188 $250
• $1,385 bundle CMA Exam fees (Part 1 & Part 2) $622 $830
payable in 3 Total (Study Materials + IMA fees) $1,887 $2,275
installments Less: Bundle Discount for Miles ($862) ($900)
✓ $525 (₹39,900) Net (Study Material + IMA Fees) ^ $1,025 ₹ 77,900 $1,385 ₹ 103,875
✓ $240 * Exchange rate used: US $1 = INR 76.00 (includes foreign currency markup fees)
✓ $620 ** Includes $60 for Miles notes to Wiley CMAexcel Learning System
^ Payable in 3 installments [Installment #1 and 2 payable on enrollment, Installment #3 when
registering for the CMA exams]

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Roadmap to CMA The US CMA designation

Miles’ Finance & Accounting Offerings

• Miles Education is the

“official” and India’s
largest training
provider for US CPA
and US CMA
Certified Public Certified Management
• Miles has partnered Accountant (CPA), US Accountant (CMA), US
with Wiley for WCBA
and IIM-L analytics
▪ US equivalent of CA ▪ Global finance professional
programs ▪ 4 exams, 12 months timeline ▪ 2 exams, 6 months timeline
• Miles partners with ▪ @Miles, AICPA’s Registered ▪ @Miles, IMA’s “official” &
corporates and trains Course Provider Platinum Partner
working professionals
to enable their career
progression
• Miles works with
universities to train
students to help them
be industry-ready as
they graduate

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Roadmap to CMA The US CMA designation

Miles Education - Presence in India

www.mileseducation.com/cma

• Miles is present
across 9 cities in
India
• Miles also has
offices and staff in
UAE and US
• Batches for CMA
start in each city
every 2-3 months

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