1. Walking extra 'Miles' to offer end-to-end training services to students
Witha missiontoensure thatall graduatesare recognizedbytheirdue potential,VarunJain,Founderof
MilesProfessional Education,the onlyspecializedCMA reviewcourse providerinIndia,discussesvarious
USP’sof hisorganization,the challengesahead,aswell asthe changesneededforthe educationsector.
What is MilesProfessional Educationall about?
MilesProfessional Educationisaneducationstart-upandIndia’s largestclassroomtrainingproviderfor
US certificationcoursesCPA (CertifiedPublicAccountant),whichisthe highestaccountingqualification
inthe US and isthe reigningprofessionforpublicaccountantsall overthe world.CMA (Certified
ManagementAccountant) isthe managementaccountingqualificationinthe USofferedbythe Institute
of ManagementAccountants(IMA),US.CMA isthe US equivalentof CMA/CWA inIndiaandCIMA inthe
UK. MilesProfessional Educationisspreadacross10 citiesinIndia.
How is Milesdifferentfromthe other online testingbodies?
Milesisa course providerandtrainersforUS review courses.We are nota testingbody.We provide
studentswithall tools(studymaterial,live classroomtraining,onlineaccess andquestionbanksetc.)
necessarytosuccessfullypasstheseexams.Unique classroomtrainingmodelare coupledwithself-
developed“user-friendly”studymaterial.The studentrelationsteamprovidesassistance inevaluations
of Indianscores, counselingstudentsforexampreparation,visaandlogistical assistance,license
assistance fromone of the 55 statesin the US to placementassistance inIndianandmultinational
companies.Milesisthe onlytraininginstituteinIndiathatprovidesendtoendservicestoitsstudent
fraternity.
How do these certificationshelpin enhancingthe job prospects?
In today’sworld,acrucial objective of educationistobe able tochange notjust one’slocal markets,but
to influencethe entire world.CPA’sandCMA’sare equipped withthisaptitude andabilitytocreate a
difference totheirrespective industriesandtherebythe internationaleconomyasawhole.Thus,a
commerce graduate fromIndiacan nowexplore USprofessionalcertificationswhile takingclassesfrom
test-prepprovidersinIndialike MilesCPA Review orIndianfranchiseesof US-basedproviders.These
certificationsfitinasglobal professional charteredandmanagementaccountants.CPA’sandCMA’s
have multitude of opportunitiesinbig4consultingcompanies,MNC’sandIndiancompanieswithUS
presence.
How do you justifyshort duration courseslike CPA/CMA as opposedto the Indian Professional
courses - CA/CWA/CS?
Withincreasingglobalizationandthe presence of MNC’sinIndia,knowledge andcredibilityof
professionalsneedtobe nowrecognizedona global platform.Forinstance,inaccountingandfinance,
we have respectedprofessional qualificationslikeCA andCWA (now IndianCMA) withdemandacross
Indiafordecades.
But nearlyall MNC’sare lookingformore,thatis,theyare lookingatprofessionalswhocanbe
showcasedtotheirglobal teamswithqualificationshavingglobal credibility.
That was the entire rationale behindMileslaunchingcourseslikeUSCPA,whichisequivalenttothe
IndianCA and US CMA, whichisthe counterpartof the IndianCMA.
Notonlydo these US certificationslike CPA andCMA empowerprofessionalswithglobal credibility,
these are also focused onwhat professionalsreallyneedtoknow.
2. What kind ofjobs is available for fresh graduates who take up CMA?
In India,freshCMA’scan easilypickupjobearningsinthe range betweenRs.400,000 to Rs. 600,000 per
annum,and withexperiencedCMA’sintopmanagementandfinance positionsincompanies,there is
certainlynoupperlimit totheirpaypackages.Most of the creamjob opportunitiesforCMA’sare with
multi-national corporations.Tosummarize,CMA fromacareer perspectivemeans2exams,300-400
hoursof studyover6 months,examsconductedinIndiaandextensiveopportunities withMNC’s.
What is your geographical expansionin Indiaand where do you see yourselfinnext five years?
Milesstartedwithone office inHyderabad close tofive yearsago.Inthese three years,we have been
onlymovingupthe ladderbyintroducingthe coursesinthe keyTier1 and Tier2 citiesinIndia.Milesis
nowpresentin 10 keylocationsinIndia.We trainstudentsinHyderabad,Bangalore,Chennai,Kochi,
Ahmedabad,Mumbai,Kolkata,Delhi NCR,JaipurandPune.We are soonlookingatspreadingour
presence intier2 and tier3 citieslike Indore,Nagpur,Udaipur,Lucknow,Chandigarh,Orissa,
Bhubaneswaretc.andwiderpresence inNorthEasternRegionslikesAssam, Guwahati,Siliguri etc.,
Studentscantake upCMA along withtheirgraduationandto offerthisopportunitytomaximum
students,we are partneringwithkeycollegesincitiesacrossIndia.We alreadyhave tie - upswith
prominentcollegesinKochi,Hyderabad,Coimbatore,Gurgaon,Ghaziabad,Pune,Bangalore,Gwalior
etc.We are lookingatclosingat least50 – 75 college partnershipsbythe endof thisyearand gradually
take the brand International.Thiswill alsoincreaseourpresence inIndiatosucha large number.
What are Milesexpansionplansoutside India?
2016 isa veryimportantyearforus. BesidesexpandingourreachinIndia,our nextbigstepwill be togo
International.Bythe endof 2016, Mileswill have presenceinMiddlesEast(Dubai inparticular) andone
office inthe US. Our teamisalreadyphysicallypresentinthese locationsandhasalreadythe ground
workpreparations.
Do you have any partnershipsto offerthe courses?
MileshaspartneredwithWileyforitscourse offerings - CPA &CMA. For CPA,Wiley'sstudymaterials
and online testbankaccessare a part of the organization'spedagogy.ForCMA,we have an official
tripartite agreementwiththe Instituteof ManagementAccountantsandWiley.Aspartof this
agreement,we provideWileystudymaterialsandonline testbankstothe candidatesinadditiontothe
official discountsthatMilescandidatesare able toobtain.