CIMA courese details| CIMA Salary| CIMA and CMA MOU|Advantages of CIMA

CIMA Salary-CIMA course details- CIMA and CMA MOU

 CIMA Courese : CIMA (Chartered Institute of Management Accountants) established in the year 1919, is a globally recognized qualification for careers in Business & Finance. CIMA is the world's largest professional body of Management Accountants with more than 218,000 members working in 177 countries. CIMA qualified professionals in the field of Corporate Finance, Financial Reporting, Financial Analysis, Business Analysis, Project Finance, Treasury Management, Risk Management etc.

In collaboration with the CPA (USA) institute, CIMA members receive an additional qualification- CGMA. CIMA has more than 4500 training and recruitment partners across the globe.

IMS Proschool, funded by NSDC, a PPP promoted by the Union Ministry of Finance, Govt of India. CIMA has more than 20,000 professionals and students on various courses in finance. PIMP in Management Accounting Program - the fastest way to complete "CIMA in India". Explore PGPMA Program.

Proschool offers CIMA classroom training courses in Mumbai, Navi Mumbai, Pune, New Delhi, Hyderabad, Bangalore, Chennai, Online training, Kochi races across the globe.

Advantages of CIMA

The CIMA degree can accelerate your career and increase your salary.
CIMA employees worked in MNCs, management consultants, banks, not-for-profit organizations and the public sector.
According to the CIMA survey in India today, the average package for "CIMA members" is Rs. 30 lakes.
You can work around the world with "CIMA. Qualification" is recognized in 176 countries, including India.
According to the CIMA 2013 wage survey, the average wage of the eligible party is between 8 and 10 lakes.


 CIMA - UK qualified students are eligible to exemption in following papers under syllabus 2012.
Foundation- Complete exemption.

CMA Intermediate :

Paper 5- Financial Accounting

Paper 8-Cost Accounting and Financial Management

Paper 9-Operations Management and Information Systems

Paper 10- Cost and Management Accountancy

Paper 12- Company Accounts and Audit
CMA Final :

Paper 14- Advanced Financial Management

Paper 15- Business Strategy and Strategic Cost Management

Paper 17- Strategic Performance Management

Paper 18- Corporate Financial Reporting

Paper 20- Financial Analysis and Business Valuation

CIMA Salary

CIMA students earn on average Rs. 9.10 lakhs in base salary plus Rs .0.80 lakhs in bonus payments
The Institute of Chartered Institute of Management Accountants (CIMA) Annual Survey of Costs 2016 reveals that members and students make good gains, with six out of ten declaring that they are satisfied with their salary. Qualified members of the CIMA in India earn on average Rs. 22.30 lakhs in base salary plus Rs. 2.40 lakhs in bonus. CIMA students earn on average Rs. 9.10 lakhs in base salary plus Rs .0.80 lakhs in bonus payments.

The survey highlights the financial benefit of the CIMA qualification, with average earnings increasing by 20% once students become fully qualified CIMA members.

In line with the global average, Indian members and students are generally positive about the prospect of a salary increase, with more than 50% anticipating a salary increase over the next 12 months. Most expect an increase of up to 10%.

Andrew Harding FCMA, CGMA, Managing Director of CIMA, said: "Contrary to the general trend of low wage growth in India, CIMA members and students are increasingly optimistic about pay. The 2016 survey shows that more members and students anticipate wage increases compared to last year. Our new online payroll calculator will help members and students to further explore salary results and evaluate their earnings more easily against industry benchmarks. Meanwhile, the wage survey also revealed that expectations for negative developments such as the budget and job cuts have declined. In particular, expectations of freeze in recruitment and wages have declined significantly since last year.

Financial reward has become the main motivation for work (70%), becoming more important than the main factors of last year, flexibility and work / life balance (44% versus 47%).

CIMA members plan to focus on developing leadership skills and strategic planning and implementation over the next 12 months, while CIMA students say they want to improve their financial literacy and skills Personal development.

Debasish Biswas, Country Head, CIMA India, said: "The positive results of the CIMA 2016 salary survey for India indicate the career growth potential of CIMA members and qualified students across the country. The Indian companies MNC and blue chip began to take note of the business insight, analytical skills and overall competence that CIMA's skilled employees bring to their workplace. We have more than 5,000 students enrolled in the CIMA program and 460 qualified members, many of whom hold senior positions such as the CEO, CFO, CEO, President, etc. In large companies across India. With the increasing salary levels that the CIMA qualification attracts, we know positive signals from the academic fraternity and Indian business, and our student base is expected to grow to 25% at CAGR over the next few years.

CIMA offers the certificate in business accounting through integrated dual qualification programs in selected universities in India, such as Christ University (Bangalore), Manipal University (Manipal and Jaipur campuses), GITAM University (Vishakhapatnam) University of Birmingham (Lucknow), Jagran Lakecity University (Bhopal), SGV University (Jaipur) and Symbiosis Center for Distance Learning (Pune). CIMA also works closely with the best multinationals in India, including Accenture, American Express, Barclays, Dell, Siemens, EXL, Ernst & Young, RBS, HP, IBM, KPMG, Prudential, PepsiCo, , Shell, Scope International, Thomson Reuters, TCS, Tesco, Tata Chemicals, Tata Motors, Vodafone, Wipro, WNS, etc.

CIMA has also created a new online tool that allows members and students to calculate average salaries based on different career factors. The calculator uses the data from the 2016 CIMA salary survey and supplements the full results.

Some FAQ on CIMA courese

Q. What is the overall pattern of students who obtain the 3-year work experience required in CIMA?

A. A student can do this in several ways, either completing all exams, then going to the workplace and gaining experience. Most of our students do both things at the same time. They work full-time and study part-time. This could result in a longer period to finish.

Q. How rigorous are the studies?

A. Very strict, we have a Gold Global standard in management accounting and globally recognized by multinationals and other companies around the world. The course is rigorous, the success rate is not as high as we would like, but it is a demonstration of our quality. The other thing is that students, wherever they study, we have hundreds of exam centers around the world. They are all seated for the same examinations, they are all marked by the same professionals.

Q. Do you essentially ensure academic rigor through the student taking the exam?

A. Yes, that is true. Our assessment is the checkpoint. For non-graduates, we have a threshold called CIMA Certificate in Business Accounting. For those who do not have a formal qualification, if they complete the five modules, they are allowed to take part in our professional examination. People who are graduates, of course, go on to a higher level, they go directly into what is called professional qualification. Trades graduates from across the country are generally exempt from these 5 modules.

Q. How many companies or employers do they recognize CIMA?

A. We have about 4,500 employers around the world who use CIMA in one way or another. More importantly, we did a single survey, we do it on a regular basis, we found that in all markets where we work, students and CIMA members offer a fairly large premium that our competitors, who are basically graduates And postgraduate students.

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19 May 2017 at 23:04 ×

Thank you very much
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