The Institute of Cost Accountants of India
(Statutory body under an Act of Parliament)

March 18, 2021

PRESS NOTE

CMA Qualification Equivalent to PG-Degree as recognized by UGC

The University Grants Commission (UGC) has resolved that Cost Accountant (CMA) qualification will be considered equivalent to postgraduate degree for appearing in UGC-NET. The National Eligibility Test (NET) is conducted for determining the eligibility of Indian nationals for the Eligibility of Assistant Professorship, Junior Research Fellowship or both, for Indian Universities and Colleges.

Speaking on this recognition, CMA Biswarup Basu, President, the Institute of Cost Accountants of India remarked that UGC constituted an Expert Committee to consider the representation made by the Institute to consider CMA qualification equivalent to Post Graduation (PG) Degree. The Commission considered the recommendations of the Expert Committee and resolved that CMA qualification be considered equivalent to PG Degree. He added “this recognition would provide opportunities to CMA professionals to pursue higher studies and would also facilitate widespread international acceptance of CMA qualification.

About the Institute:

The Institute of Cost Accountants of India, established in 1944, was set up under an Act of Parliament in 1959 by the Government of India, as a statutory professional body to impart education and training in the field of Cost and Management Accountancy. The Institute is the 2nd largest Cost & Management Accounting body in the world and the largest in Asia. The Institute is a founder member of the International Federation of Accountants (IFAC), the Confederation of Asian & Pacific Accountants (CAPA) and the South Asian Federation of Accountants (SAFA). The Institute is under the administrative control of Ministry of Corporate Affairs, Government of India.

This premiere professional body is having its headquarters at Kolkata, four Regional Councils situated in Kolkata, Delhi, Mumbai and Chennai, 110 Chapters across India and 11 Overseas Centers.

CMA Biswarup Basu
President
The Institute of Cost Accountants of India

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