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 (Certified Management Accountant) by IMA, US

• CMA - Certified
Management • One of world’s highest management
Accountant International accounting qualifications
Credibility • Global recognition
• CMA exam USPs
• Opportunity with MNCs
• 2 exams only
• Exams in Dubai
• Extensive career
opportunities with • Finance & Accounting
MNCs in finance & Knowledge • Financial Reporting, Planning,
accounting Base Performance, Control, Decision-making
• No Audit / Tax

• 2 exams only, 15 Friday classes

• Can complete within 6 months
Course USPs • Anywhere: Dubai 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 • UK (or even Indian)

qualifications US UK ACA / professional
“COMPLEMENT” CPA / CMA India CA qualifications tend
UNIVERSITY to “SUBSITUTE”
EDUCATION – e.g., UNIVERSITY
to be a CPA, CMA or Global EDUCATION – e.g.,
CFA, a university recognition you can be a UK ACA
degree is mandatory without being an
• Therefore, these are under-graduate!
2-4 exams, 13-16 exams,
crisper in content and single-level multi-level • Therefore, these are
focus only on skill- lengthy and also
gaps that are encompass what a
needed to be a F&A University University candidate would
professional degree required degree have covered (or
• Designed to be simultaneously
pursued alongside covers) in a
a full-time job and to university degree
facilitate the career
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”

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 upto 2019]

• 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%

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 Dubai or globally 10
Roadmap to CMA The US CMA designation

CMA Exams = 2 Parts [Curriculum from 2020]

• Beginning 2020, the

CMA exams also
test “Technology
and Analytics”

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Roadmap to CMA The US CMA designation

Overlap between CPA and CMA curriculum

4 parts on the CPA exams:

• Financial • Auditing & • Regulation (US • Business

FAR

AUD

BEC
REG
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

- Platinum Partner of IMA, US
- India’s largest CMA review now in Middle East
- 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

• 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 &

Wiley’s Platinum partner for
CMA training

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Roadmap to CMA The US CMA designation

Miles CMA Review - Course Offerings

• Miles CMA Review • Wiley CMA-excel Review Course – GOLD Package

is a Global
• IMA approved study materials
Platinum Partner
of IMA (Institute of • Online test bank access with 5000+ MCQs
Management
Accountant) • 50+ hours of videos from Wiley global instructors
• Training is provided • Miles CMA Review Notes compiled in exam-focused notes format
using “official”
IMA-licensed and including multiple aids for conceptual understanding and
Wiley study memory
materials
• 50+ hours of Miles online videos recorded by one of world’s
favourite CMA instructors – Varun Jain, CPA, CMA Harvard B-School
alumnus
• 45+ hours of Classroom training spread over 11 Friday’s [in Dubai]
• Advisory support for CMA exam application, CMA 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

• Wiley CMAexcel is
IMA’s only official
CMA test prep suite

• Use of “official” IMA

study materials
entitles candidates
to special
discounts on IMA
membership, Wiley CMA-excel Review Course – GOLD Package
certification
entrance and exam • IMA approved study material
fees • Includes:
• Study material for Part 1 and Part 2
• Online test bank access for Part 1 and Part 2 [5000+ MCQs]
• 50+ hours of videos from Wiley global instructors

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Roadmap to CMA The US CMA designation

Miles Training Videos = Concepts + Annotations

https://cma.mileseducation.com/Training-Videos
• Miles’ videos are
pre-recorded by
Varun Jain, CPA,
CMA, who is
undoubtedly one of
world’s favorite CPA
and CMA instructors
• 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 CMA designation

Miles CMA Training Delivery Model = “iCMA”

• Miles CMA Review • INTERACTIVITY

has taken the “best
of both worlds”
i • “Live” / 2-way / c.20% of class time allocation

• “Live” Interactivity
and Mock • CONCEPTS
Questions
• “Pre-recorded”
C • “Pre-recorded” / c.40% class time allocation

Concepts &
Annotations • MOCK / PRACTICE QUESTIONS
M • “Live” / 2-way / c.20% of class time allocation

• ANNOTATIONS
A • “Pre-recorded” / c.20% of class time allocation

Samples videos available on:

https://cma.mileseducation.com/Training-Videos 19
 Roadmap to CMA The US CMA designation

Miles ensures the needed “discipline” to be a CMA

• CMA exam prep

requires strong sense
Part 1 Part 2
of discipline. Herein,
Miles Friday
• 6 Friday Classes • 5 Friday Classes
classroom model is
very effective:
• Half-day of study
on Friday with most
concepts covered
• Driving the pace of
preparation as per
the class schedule
FLEXIBILITY DISCIPLINE
• Study atmosphere
[Is already there [Required to clear
in class; interaction
for CMA exams] the CMA exams]
& networking with
peers & faculty

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Roadmap to CMA The US CMA designation

CMA Exam & Certification Expenses - Dubai

Phase I (Exam Preparation) - Payable to Miles CMA Review
Total CMA exam
Wiley CMA Review – GOLD package [30% discount for $1,350 AED 4,955
expenses estimated at
Miles CMA candidates only] $945 AED 3,468
AED 10K which
includes Miles CMA Study Materials & Online Videos (by Varun $554 AED 2,032
• IMA official study Jain) + Live online webinars
materials Miles CMA Classroom training: AED 2,000 less 50% $272 AED 1,000
• Miles study materials discount
and online videos Net Miles CMA Review Course Fee $1,771 AED 6,500
VAT @5% $89 AED 325
• Miles online training
fees Total Miles CMA Review Course Fee $1,860 AED 6,825
• Miles classroom Phase II (Applying for the Exam) - Payable to IMA
training (in Dubai) IMA Membership Fee $245 AED 899
• IMA membership, CMA Certification Entrance Fee $250 AED 918
certification entrance CMA Exam fees (Part 1 & Part 2) $830 AED 3,046
and exam fees Total IMA fees $1,325 AED 4,863
Less: Special Discount via the IMA-Wiley-Miles ($465) (AED 1,707)
arrangement *
Net IMA Fees $860 AED 3,156
Grand Total of CMA Exam Expenses * $2,720 AED 9,981
* Note: IMA Discounts are subject to change per IMA’s discretion
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Roadmap to CMA The US CMA designation

CMA Exam & Certification Expenses - International

Phase I (Exam Preparation) - Payable to Miles CMA Review

Total CMA exam
Wiley CMA Review – GOLD package [30% discount for Miles $1,350
expenses estimated at
CMA candidates only] $945
$2,434 which includes
• IMA official study Miles CMA Study Materials & Online Videos (by Varun Jain) + $554
materials Live online webinars
• Miles study materials Net Miles CMA Review Course Fee $1,499
and online videos VAT @5% $75
• Miles online training Total Miles CMA Review Course Fee $1,574
fees
Phase II (Applying for the Exam) - Payable to IMA
• IMA membership,
IMA Membership Fee $245
certification entrance
CMA Certification Entrance Fee $250
and exam fees
CMA Exam fees (Part 1 & Part 2) $830
Total IMA fees $1,325
Less: Special Discount via the IMA-Wiley-Miles arrangement * ($465)
Net IMA Fees $860

Grand Total of CMA Exam Expenses * $2,434

* Note: IMA Discounts are subject to change per IMA’s discretion

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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  US equivalent of CA  Global finance professional
and IIM-L analytics
 4 exams, 12 months timeline  2 exams, 6 months timeline
programs
 @Miles, AICPA’s Registered  @Miles, IMA’s “official” &
• Miles partners with Course Provider Platinum Partner
corporates and trains
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 – Global Presence

www.MilesEducation.com

UAE [Dubai] office:

Miles Education has
Contacts:
offices across:
• Syed Hasham -
+971-50-961-2033 • India
• Yavanika Meru - • UAE
+971-50-608-7199
• USA

Email:
dubai@mileseducat UAE [Dubai] office:
ion.com Miles CareerGraph DMCC
#3604, 36th Floor,
Cluster X, X3 Bay,
Jumeirah Lake Towers,
Dubai, UAE

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