Contact Us
×

Day: February 19, 2023

A sure shot way to becoming a successful certified management accountant in 2023

Posted on by Imarticus Learning

The aspiration to become a successful certified management accountant may be high, but the way to achieve that feat is unclear among many hopefuls. As a result, it gives birth to speculations and rumours that are largely false. One common misconception here is that it is very hard to get this certification, but if you meet the required criteria and prepare diligently, you will become a certified professional in no time.

So, read on to learn more about this career option after graduation and how you can achieve it.

What are the academic eligibility criteria to begin a career in management accounting?

To become a certified management accountant, get a Bachelor’s degree from a recognised university. That is one of the main requirements. Once you have done that, you are good to go.

After completing your Bachelor’s degree, you will need to enrol in the certified management accounting course. Either you can do it independently, or you can join Imarticus Learning which has partnered with IMA (Institute of Management Accountants) and Gleim to provide you with the best management accounting course in the country.  

Through Imarticus, you will be taught about subjects including accounting, finance, general business and economics. You can even enrol for it before you earn your graduate degree, but it is sensible to complete the graduate course and earn the certification afterwards.

Pay to be an IMA member

Also, if you want to be eligible to get the certified management accountant certificate, you require active membership in IMA. As we have already mentioned, Imarticus Learning helps you with this registration. You need to choose among the following options for registration:

  1. IMA Academic Membership
  2. IMA Student Membership
  3. IMA Professional Membership

In this way, you can easily earn this certification while doing a degree or a job within a duration of 6 to 8 months.

Note: IMA also gives an annual fee discount, which is approximately a 15% discount on the rate of IMA membership. Kindly inquire about it with the institute’s management. You will also get multiple amenities that will aid you in studying, networking and earning the certification.

More details about the CMA program with Imarticus

After you have joined the CMA course with Imarticus Learning, you will be guided through the course by expert faculties and expert career councillors. Kindly check out the various steps of the CMA pathway: 

  • First, you will be enrolled in the course, asking you to pay 50% of the fee upfront. The rest of the fees will be charged after you clear the CMA certification exam.
  • In the second step, you will be given access to the CMA Learning content, where you will be provided with the whole study material. The study material will consist of several modules.
  • After that, you will have to join CMA Part 0, where you will be taught the basics of the course.
  • Then you will be given a walkthrough of the course preview with the help of video classes.
  • Post this step; you need to study CMA course preview books.
  • After that, you need to join online classes with the esteemed CMA faculty of Imarticus Learning.
  • Then you need to attend Live Practice Sessions with the faculty. You must constantly revise the course with videos, books and notes. You can also clear your doubts in online doubt-clearing sessions.
  • After that, you need to register for the CMA exam. (Note: You will be given a discount on the exam fees also). After some time, you will have to appear for Part 1 and Part 2 of the exam.

Final words

After you have cleared the exam, you will join the pre-placement Bootcamp to prepare for job interviews. With the help of Imarticus Learning and the Certified Management Accounting Certificate course, you will begin your journey of becoming a CFO of a reputed company. Joining Imarticus is one of the easiest ways to have a career in management accounting.

Before we wrap up, we would also like to mention that CMAs are in high demand presently. That is because finding the right certified management accountants is extremely difficult. If you can clear the certificate exam, then you will have opportunities across industries to find suitable employment opportunities and meet the career goals you have always aspired to. 

The Future of Investment Banking

Posted on by Imarticus Learning

Investment banking helps firms, governments, and investors with large financial transactions. It is a career that requires a top-tier finance degree and excellent analytical and mathematical skills.

What is an investment banker’s role?

An investment banker is a highly qualified professional who provides various financial services to businesses, governments, and investors. 

A banker’s role can vary from settlements and confirmations to compliance and risk management. 

What do investment bankers do?

 

Investment Banker

Investment bankers help businesses with loans, stock and bond issuance, stock pricing, resource allocation, mergers and acquisitions, and investment management. They serve as a link between investors and private and public businesses. They offer financial counsel and recommendations on what assets to issue, such as stocks and bonds, and when and how to do so.

In conjunction with numerous financial transactions and investment endeavours, an investment banker is in charge of various financial operations. 

What qualifications do I need to work as an investment banker?

A bachelor’s degree is preferred for an entry-level position with leading investment banks. You can boost your career by earning a master’s or PhD. However, working on your communication and interpersonal abilities is also imperative.

One of the most frequently asked questions at this time is, “What does a typical Investment Banking career look like?”

Investing bankers have a well-defined road to success. They are frequently organized into groups of managing directors, directors, vice presidents, associates, and analysts, each of whom is in charge of a specific industry or market sector.

The typical career path is as follows: 

Investment banking jobs offer more than just the salary. Bonuses and incentives are also offered based on performance. 

The starting salary of finance professionals in India could range from 2.5L to 4L per year.  

Designation Base Salary Bonus Total Remuneration
Analyst $85k-$100k $50k-$100k $125k-$200k
Associate

$100k-$120k

$80k-$130k

$180k-$250k
Vice President

$120k-$150k

$100k-$250k

$220k-$400k
Managing Director $300k-$1M $200k-$10M+

$500K-$10M+
  • Analyst: Analysts are freshers or employees with less than two years of experience. Everyday duties include data collecting, presentation design, and fundamental financial data analysis. Any aspiring investment banker should have this experience because it is at this time that the majority of financial concepts are developed.
  • Associate: An analyst is promoted to associate status after 2-4 years of work experience, with extra responsibilities such as customer interaction and managing a team of 3-5 analysts.
  • Vice President: Typically, a Vice President is an investment banker with extensive project management expertise. He is accountable for maintaining client relationships and ensuring operational efficiency at all levels of the organization.
  • Managing Director: Managing Director or Director is a senior investment banking post requiring at least 15-20 years of experience. An MD is usually in charge of boosting income and turning potential customers into paying customers.

We can conclude from the above discussion that “investment banker” is a broad term that encompasses a large number of roles that range from an entry-level financial advisor to a vice president.

Learners who complete the Certified Investment Banking Operations Professional course will have a head start in their careers as Investment Bankers. 

Want to make your career opportunities limitless? Imarticus Learning’s unique leading environment and creative curriculum will set you apart from other candidates. We are passionate about providing students with the best learning experience. Visit Imarticus Learning and discover the difference today.