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I’ve compiled all the information from the IMA website here on how to become a CMA for quick reference.

How to Become a CMA

The CMA program lets you proceed at your own pace. You can earn a CMA in just six months or over 3 years. Busy professionals will find the CMA program to be time-efficient.

What Are the Requirements to Become a CMA?

  • Membership in IMA®.
  • Bachelor’s degree from an accredited college or university or an equivalent degree as determined by an independent evaluation agency.
  • Two continuous years of professional experience in management accounting or financial management.
  • Entrance into the CMA program.
  • Completion of Part 1 and Part 2 of the CMA exam.

CMA Exam Procedures & Registration

CMA Exam Locations

Exams are administered through the worldwide network of Prometric Testing Centers and are available in accordance with local customs. There are many locations throughout the U.S. and internationally. To locate a Testing Center and schedule exam appointments, visit www.prometric.com/ICMA.

CMA Exam Sessions

Exams are offered according to the following schedule:

  1. January and February
  2. May and June
  3. September and October

To schedule exam appointments, visit www.prometric.com/ICMA.

For more information, read the complete instructions for candidates.

CMA Exam Retake Policy

An exam part may be taken only once in a testing window. All exam retakes require a new registration along with payment of appropriate fees.

Expiration of the CMA Exam Parts

All CMA candidates have three years to pass Part 1 and Part 2 of the exam. The time period will begin with the date of your entry into the CMA program. If you do not complete the two-part exam within three years, credit for the part passed will expire and you will have to retake the exam.

ICMA’s Relationship with the IMA

ICMA is an affiliate of the IMA responsible for:

  • Developing, administering, and grading the CMA exam
  • Establishing policies and procedures for the CMA exam
  • Ensuring the overall integrity of the CMA exam

The ICMA Board of Regents is responsible for setting the policies, and the ICMA staff is responsible for implementing these policies.

CMA Examination Fees

Professional Member Fees
Certification Entrance Fee (nonrefundable) $250*
Exam Fee $415 per part
Prometric Rescheduling Fee: to reschedule your appointment within 30 days of your scheduled appointment $50

 

Student/Academic Member Fees
Certification Entrance Fee (nonrefundable) $188*
Exam Fee $311 per part
Prometric Rescheduling Fee: to reschedule your appointment within 30 days of your scheduled appointment $50

*The CMA Entrance fee includes credential review for educational and experience qualification, 6 months access to CMA Exam Support package, final score report, performance feedback reports for those who do not pass, personalised certificate for office display, and congratulatory notifications to employer or others.

CMA Part 1: Financial Reporting, Planning, Performance and Control

The percentages show the relative weight range given to each section in the exam.

A. External Financial Reporting Decisions 15%
Preparation of financial statements: balance sheet, income statement, statement of changes in equity, statement of cash flows; valuation of assets and liabilities; operating and capital leases; impact of equity transactions; revenue recognition; income measurement; major differences between U.S. GAAP and IFRS.

Topics Tested:

– Financial Statements
– Recognition, Measurement, Valuation and Disclosure

B. Planning, Budgeting and Forecasting – 30%

Planning process; budgeting concepts; annual profit plans and supporting schedules; types of budgets, including activity-based budgeting, project budgeting, flexible budgeting; top-level planning and analysis; and forecasting, including quantitative methods such regression analysis and learning curves.

Topics Tested:

– Strategic Planning
– Budgeting Concepts
– Forecasting Techniques
– Budgeting Methodologies
– Annual Profit Plan and Supporting Schedules
– Top-Level Planning and Analysis

C. Performance Management – 20%
Factors to be analyzed for control and performance evaluation including revenues, costs, profits, and investment in assets; variance analysis based on flexible budgets and standard costs; responsibility accounting for revenue, cost, contribution and profit centers; and balanced scorecard.

Topics Tested:

– Cost and Variance Measures
– Responsibility Centers & Reporting Segments
– Performance Measures

D. Cost Management – 20%
Cost concepts, flows and terminology; alternative cost objectives; cost measurement concepts; cost accumulation systems including job order costing, process costing, and activity-based costing; overhead cost allocation; operational efficiency and business process performance topics such as JIT, MRP, theory of constraints, value chain analysis, benchmarking, ABM, and continuous improvement.

Topics Tested:

– Measurement Concepts
– Costing Systems
– Overhead Costs
– Supply Chain Management
– Business Process Improvement

E. Internal Controls – 15%
Risk assessment; internal control environment, procedures, and standards; responsibility and authority for internal auditing; types of audits; and assessing the adequacy of the accounting information system controls.

Topics Tested:

– Governance, Risk and Compliance
– Internal Auditing
– Systems Controls and Security Measures

CMA Part 2: Financial Decision Making

The percentages show the relative weight range given to each section in the exam.

A. Financial Statement Analysis – 25%
Principal financial statements and their purposes; limitations of financial statement information; interpretation and analysis of financial statements including ratio analysis and comparative analysis; market value vs. book value; fair value accounting; international issues; major differences between IFRS and U.S. GAAP; off-balance sheet financing; Cash Flow Statement preparation, analysis, and reconciliation; and earnings quality.

Topics Tested:

– Basic Financial Statement Analysis
– Financial Ratios & Performance Metrics
– Profitability Analysis
– Special Issues

B. Corporate Finance – 20%
Types of risk; measures of risk; portfolio management; options and futures; capital instruments for long-term financing; dividend policy; factors influencing the optimum capital structure; cost of capital; raising capital; managing and financing working capital; mergers and acquisitions; and international finance.

Topics Tested:

– Risk & Return
– Long Term Financial Management
– Raising Capital
– Working Capital Management
– Corporate Restructuring
– International Finance

C. Decision Analysis – 20%
Relevant data concepts; cost-volume-profit analysis; marginal analysis; make vs. buy decisions; income tax implications for operational decision analysis; pricing methodologies including market comparables, cost-based and value-based approaches.

Topics Tested:

– Cost/Volume/Profit Analysis (CVP Analysis)
– Marginal Analysis
– Pricing

D. Risk Management – 10%
Types of risk including business, hazard, financial, operational, strategic, legal compliance and political risk; risk mitigation; risk management; risk analysis; and ERM.

Topics Tested:

– Enterprise Risk

E. Investment Decision – 15%
Cash flow estimates; discounted cash flow concepts; net present value; internal rate of return; non-discounting analysis techniques; income tax implications for investment decisions; ranking investment projects; risk analysis; real options; and valuation models.

Topics Tested:

– Capital Budgeting Process
– Discounted Cash Flow Analysis
– Payback & Discounted Payback
– Risk Analysis in Capital Investment

F. Professional Ethics – 10%
Ethical considerations for the organization

Topic Tested:

– Ethical considerations for management accounting and financial management professionals.
– Ethical considerations for the organization.

For an in-depth explanation of what is expected of you to know to pass the exam on your first try, get a copy of the CMA Coach Study Guide.

For a fully inclusive, well-rounded review course, learn more about how the CMA Exam Academy can help you pass on the first try.

See how it stacks up compared to over courses with this comparison chart that depicts the strengths and weaknesses of each one. Check it out when you have a minute and don’t hesitate to ask if you have any questions. I’m here to guide you.

Until next time!

Nathan Liao, CMA

Back to Frequently Asked Questions

161 Comments on “How to Become a CMA”

    1. Hi Riyaz,

      Yes it is possible to postpone if you do it 30 days before your exam date. There’s also a $50 fee for rescheduling your CMA exam.

  1. Hi Nathan,

    I am planning of taking the CMA exams but I’m confused on the CMA program. I am intend to take the IMA CMA but then upon checking, as I am based here in Sydney, there is another group ICMA that also facilitates their own CMA program. What are your thoughts between these two i.e., IMA and ICMA? Would you know how IMA CMA is being recognised here in Sydney? I tried searching for any info but I can’t seem to find any, maybe you have info.

    Thank you

    Best,
    Reg

    1. Hi Reg,

      “The ICMA is located at the IMA headquarters in Montvale, New Jersey. This office is where new examination questions are prepared and where all records are kept. The ICMA was created for the purpose of developing and administering the CMA program. It consists of several CMAs and administrative personnel who implement the responsibilities of the Board of Regents.The ICMA Board of Regents is a special committee of the IMA established to direct the CMA program for management accountants through the ICMA.”

    2. Reg,

      I’ve added a section on this page describing the relationship between the ICMA and IMA. I hope that will help you and future candidates. Thanks for bringing this up 🙂

  2. Hi,

    Should I study first with your system and then, when ready, become a member / sign up for the exam? Thanks

    1. Juan,

      My study guide is not meant to replace a review course. My guide will show you all the techniques and best tips to pass the exam. I highly recommend that you purchase a review course to prepare for the exam. Register with the IMA and pay for your exam at least 2 months prior to your desired exam date.

      1. Hi Nathan,

        I am confused about this course,please explain me details of this course and cma review course

        1. Hi Susrith,

          I’d be happy. Which part is confusing? Let me know so I may help you more specifically. Thanks

  3. Hi,
    I heard that CMA is more related with Manufacturing companies compare to Service organizations. Please comment.

    1. Hi Saleh,

      Although manufacturing is an important section in the CMA, it is definitely NOT only related to manufacturing. I work for a service company and being a CMA has definitely helped a lot in my career.

  4. Hi,
    What is the total cost for CMA?
    Is there any other cost than the following exam fee $760 (380*2), Certification Entrance Fee $240, Membership Fee $225. Is there any other cost? I was told that the total cost is around $2500, but see anything in the IMA website. Please help.

    1. Saleh,

      Aside from the cost that you listed, you will also need to purchase a review course or take a live class to prepare for the exam. Review courses range from $600 to $1,000. Check out my CMA Comparison Page

  5. Hi,

    Can I register and pay Student fees eventhough I am working now. I have registerded for M. Com distance studies. Is it possible?

    1. I believe the student fee is for current students. If you are in the workforce, I don’t think you qualify. To be sure, please contact the IMA directly for a concrete response. Thank you

  6. Hi Nathan,

    Just wanted to let you know that your website has been very helpful! Also, I am a little bit confused as when will be the best time (most efficient time) to pay the entrance fees?

    I registered as an IMA member on January 2014 and planning to take prep class on February for June exam date.

    Thanks!

    1. Bertha,

      I would recommend paying for the entrance exam and for the exam 2 to 3 months prior to your preferred exam date. In your case, I would pay for them around April.

  7. Hi Nathan,
    Greetings for the day !!
    what is the difference between professional and student member ship fee mentioned above?
    Can you tell me how much it costs to complete CMA

    1. Sateesh,

      The difference is if you are in college or not. If you are in college, you qualify for the Student membership. If you are a working professional, the professional membership would apply to you.

  8. Hey Nathan,
    I’ve been considering the CMA for awhile now. What’s been holding me back is primarily the lack of knowledge by HR/Employers regarding the CMA here in the US. It seems the only certification they are aware of is the CPA. Can you tell me if the IMA provides literature or anything to help promote the CMA? I feel I could really benefit from the CMA as a Controller(and a Business Major without enough credits to sit for the CPA) but want to make sure it is worth my while before I take on the difficult task of studying for it.
    I was also wondering if once you have passed the CMA and are certified, do you have to maintain your CPE hours each year to keep the certification or can list yourself as an inactive CMA if you choose not to keep up with the CPE hours?
    Thanks!

    1. Hi Shawn,

      Yes, the IMA provides literature to help bring more awareness of the CMA to employers. Here’s a link to IMA’s website that lists ways how you can promote the credential.

      Once you become a CMA, you are required to accumulate 30 CPE units per calendar year. As far as listing yourself as an “inactive” CMA, I would contact the IMA directly to find out. I’m not sure about that specifically. Thanks

  9. Hello Nathan,

    Very well put together from the IMA site. I’m trying to determine when my 3 years started. Is this the date I entered and paid for the CMA Program Entrance?

    Additionally, when I view my profile online it appears there is an expiration date next to this purchase (1 year from date of purchase) – will I have to pay to enter the program again?

    Thanks

    1. Hi Chris,

      I believe the 3 year deadline is when you enter the CMA program.

      The 1 year date you see is for the IMA membership that must be renewed yearly.

  10. I hv cleared intermediate exam & enrolled for final in the year 2012 but not appeared due to professional busyness. Is it possible to pass ICMA final from professional experience.

    1. No it’s not possible to pass the exam relying solely on work experience. There’s a vast number of topics that no professional will deal with each day. Purchasing a review course is the best way to go in my opinion.

  11. Hello Nathan,
    I am interested in taking one of the parts of the exam in the last session of the year and the other in the first session of 2015. Is there any considerations that I need to make as far as study material is concerned when testing in the two different years?

    Thanks

    1. Hi Matthew,

      There’s one consideration to keep in mind. Don’t purchase both parts now. Only one because the content will change in 2015 and you’ll need to re-purchase the material you didn’t test for.

      Best of luck!
      Nathan

  12. I’m planning to go for CMA . I just passed higher secondary science. Is it difficult to study for me.

    1. Ramiz,

      The exam is difficult to everyone. I would recommend to look at the topics that the CMA tests for and determine your level of comfort.

  13. Hello Nathan Sir,
    I had worked for 3 years as an accountant & currently left the job. I am also preparing for CFA level 1.
    I should pay as per student membership or professional.
    If student, then my work experience will be considered or not. It may reduce my cost. please suggest me.

    1. The student membership applies if you are still in college. If you are not, then the professional membership stands.

  14. sir

    i was registered in 2009 with ima but i could not appear in exam now i am interested to pass the cma exam what to do because u mentioned about three year of duration. thanks

  15. Greetings,
    I hope you are doing well,
    What kind of questions will we face? are they multiple choices or essay questions ?
    Thanks in advance.

    1. Mohammed,

      You’ll have 3 hours to answer multiple-choice questions and 1 hour to answer 2 essay questions.

  16. What grade is required on the exam to pass?

    What is the grade weighting of the multiple choice versus the essay questions?

    Thanks

  17. After finsihing my BS in Management Accounting can I take the exam or if ever is it possible to take the exam even if I am not yet a graduate? Thankyou.

    1. Elle,

      You would need to buy a review course to prepare for the exam. Although you are majoring in Management Accounting, the CMA is more focused on specific topics so it would be wise to prepare using a CMA review course.

      And yes, you can take the exam if you haven’t graduated yet. It’s a great way to get ahead and stand above your peers when looking for a job.

      1. Hi Nathan,

        as I’m reviewing all questions and answers here, I have been wondering– could you please recommend a great review course in studying for both parts of the exam?

        and also maybe give an example of job titles that is considered in this requirement:
        Two continuous years of professional experience in management accounting or financial management.

        i would gladly appreciate it. thanks!

        1. Hi Camille,

          I have created a CMA coaching course with a step-by-step program which allows my students to follow it without wasting any time figuring out what or how to study. It also includes all the study tools you need to succeed on your CMA exam. Check it here.

          For more information about the requirements and the process, please check this more detailed roadmap to becoming a CMA.

          If you have any further questions, please don’t hesitate to reach out.

          Cheers!

  18. Hi Nathan, thank you for all the information provided in this website.

    I just got passed 2 parts of CMA exams. I also graduated from college and found a full time accounting job recently. I don’t expect to handle management accounting function until maybe 2-3 years later. My question is that is there a “deadline” for submitting experience requirement? If there is a “deadline” for submitting experience requirement, usually how many years after the passing date?

    Thank you very much for addressing my concerns!

    Mark

    1. Hey Mark,

      Congrats on passing the exam! Welcome to the CMA gang! 😉

      I believe you have up to 5 years to meet the work requirement from the date you passed the second exam. To be sure, please contact the IMA and they will give you a definitive answer.

    2. Hi Mark!

      please tell me the review course that you used in reviewing. that would be very helpful for me in finding the right one. thanks

  19. Dear Nathan,

    Could you please clarify what does the date of entry to the CMA program stand for, I have taken the First exam in Sep 2012 but passed it in June 2013, I am planning to sit for the second part in Sep this year, would my passed part be considered expired?

    Thanks in advance

    Maher

    1. Maher, you have 3 years to take both parts. You have to take the other part in Sept of this year otherwise you’ll have to re-take it again next year.

      Check out my #1 Online Coaching Program if you are interested in being coached by me.

  20. Hi Nathan,

    I want to take CMA part 2 on June 30th, 2015, but I didn’t register the exam yet. How long will it take for the whole process from registration to sit for the exam? I have a degree in accounting and currently in the master’s program. I have 5 weeks, I am not sure if I get enough time to get everything ready for the exam on June 30th.

    Thanks.

    LeemayP

    1. Hi Leemay, it take about 3 months to prepare for one exam. 5 weeks is not enough. I would suggest to prepare for the Sept/Oct testing window.

      Check out my #1 Online Coaching Program if you are interested in being coached by me.

  21. Hello,

    how to meet the experience requirement for CMA? Does getting a Master’s Degree in Accounting meet the experience requirement for CMA?

    1. Alisha, the only way to obtain the work experience is by getting a job in management accounting of financial management.

  22. Idont have credit card and i m from india, so cant make payment through debit/credit cards as per bank.
    Is there any other way to pay registration fee.plz suggest ASAP as i have to appear in sept/october exam

  23. Dear Nathan, I am planning to start preparing for CMA from this week onwards. I intend doing this on full time basis, sitting at home. I plan to put in about 6 hours per day. Do you think its realistic to aim at giving both parts at one go by the Oct 2015 exam cycle? Kindly advise.

    Rgds,
    Chandu

    1. Hi Chandu,

      I highly recommend that you take one exam per window. The passing rate is so low for those who self study that you have better odds at passing by focusing on one part per window.

  24. Hi Nathan!! I am from India, I just wanted to know that having this certificate, will it give me the assurance of having a job in USA?

    1. Hi Manisha,

      Unfortunately, no credential can provide 100% assurance that you will find a job in the USA. There are too many factors employers consider, but having the CMA will definitely provide you with a competitive advantage over non-certified peers.

  25. Hi Nathan,
    I am a member of IMA from January 2013 and i was planning to take exam but i had some problems so i didn’t take any exams so my Certification Entrance Fee has been expired .
    so what should i do if i wanna take an exam or it will be impossible for me ????
    Regards
    Mohamed Safwat
    Senior Financial Accountant

  26. I am a current student I have not obtained my BSBA yet but I should in the next year. Do I still begin my journey to be a CMA, or wait until I have my bachelors?

    1. Hi Courtney,

      There are more college students who are opting to take the CMA exams before they graduate to get an advantage over non-certified peers. You can take the exam during or after obtaining your degree.

  27. Hi Nathan,

    Hope you doing well.
    You said even after becoming CMA one should pay certain amount to IMA every year in order to retain membership. Could you provide more details on this ?

  28. Hi Nathan, I’m working for Bank, started from junior level and now at Senior Manager position. Will my this experience count for CMA completion.? Also would like to know, will CFA or CMA add more weightage to my career profile in financial institute.

    1. Hi Royan, your experience as a Sr. Manager at your bank will definitely count but if you still have doubts please contact the IMA directly to verify.

    1. Hi Alisha, you can apply for jobs that will help you meet the requirement or pass the exams and get the experience afterwards.

  29. Hi! I’m Jing Monta, i got my cpa license in the philippines. i plan to take us cpa exam here in the us, but i think i should take additional courses to be eligible for 150 hour req. since i finished my school in other country. i figured out that my school is in the accredited list for cma, using this http://univ.cc/world.php
    what’s the next step should i do to be able to sit for the exam? thank you. 🙂 i appreciate your help. really. i really want to have a certification to help me boost my career here in the us.

    1. Hi Jing,

      The next step is to choose a review course that’ll help you prepare for the exam. You also need to pay IMA membership and exam fees. What I’ve done is make this whole process easy inside my CMA coaching program. I walk my students step by step on what they need to do to prepare and pass the exam. If you are interested in learning more check it out here.

  30. Hi Nathan! Im jing, im a cpa in the philippines. but we moved here in new york and i would like to have a us cpa license too. but i found your website and got interested in cma certificate too. if my school in the philippines is listed on the accredited list provided in univ.cc./world.php, whats the next step i should do? thank you. i really want to acquire either a cma or cpa license here in the us, thank you so much for the help.

    1. Hi Jing,

      Welcome to America 🙂 I hope you are enjoying your stay.

      If your school is accredited, the next step is to enroll in CMA Exam Academy, or in any other review course. But in my Academy I’ll walk you step by step on how to prepare and become a CMA.

      There are IMA membership and exam fees that need to be paid but most candidates get confused as to when is appropriate to pay them. I’ll walk you through all that in the course. If you choose not to enroll, it’s totally fine. I’m still here to help you succeed in your journey to the CMA designation. Cheers

  31. hi, iam megha. iam from india. i want to get a job in australia after finishing my exams in cma. is it possible?..

    1. Hi Megha,

      The CMA is a global credential that opens job doors to CMAs everywhere. My suggestion is to contact recruiters in Australia to get a better idea on job market and opportunities there.

  32. I have worked for 2 years with the Small Business Development Center coaching and consulting small businesses. Much of my work is business planning, financial management and projections, etc. Will this count for experience or does it have to be narrowly full-time in financial management?

    1. Hi Mark,

      I believe your experience qualifies but when it comes to experience requirements, I always ask people to contact the IMA directly to get a definitive Yes or No as they make the last call.

  33. Hi, I have a question, i have taken a student membership which is expiring on this April , so if in case i have passed both parts and do not have an accounting experience..is it fine to renew my membership after i get professional experience after completing both parts or do i have to keep renewing until i complete all the CMA requirements which is actually quite expensive. Awaiting a quick reply.

    Thanks,
    Nishita

    1. Hi Nishita,

      There are many benefits to keeping your membership active including monthly publications, free webinars, courses, networking events, etc.

  34. Hi Nathan!
    Im from Philippines and some of my friends told me that I should go to either Dubai or Australia to study for the CMA exam. And if I passed the CMA exam in Dubai, per say, I can only use my license in Dubai. Please explain this matter to me further for I am just a mere sophomore college student. Thank you and God Bless!

    1. Hi Raffy,

      That’s a myth. You can sit for the CMA (USA) exam in the Philippines via Prometric testing centers located in Metro Manila and Cebu. The CMA (USA) license is recognized worldwide not just in Dubai.

      Thanks and Regards,
      Nathan

  35. Hi Im Mark

    Can I just pay the exam fees and take the exam at scheduled date? Or do i have to pay first the registration for IMA?

    1. Hi Mark,

      Yes, you need to register as an IMA member before paying for the CMA entrance and exam fees.

      Thanks and Regards,
      Nathan

  36. Hey brother,
    I m from India and now I quite interesting in joining this course. But what if I clear my both parts and after that what can I do? Right now I am in bcom and after passing exam can I go to my post graduation?

  37. Dear Nathan,
    I am a student of CA. It is the requirement of ICAP to complete a full time internship of 3.5 years in an accounting and audit firm.
    Will this internship be equal to the professional work requirement of CMA?
    Auditing, taxation, accounting and advisory are the main areas where an Intern usually works.

    Similarly, since I am a student of another professional body, will I he eligble for the Student Fee structure?

    Looking forward to ur kind response.

    Regards,
    Zuraiz Chaudhary

    1. Hi Zuraiz,

      Though internships and trainee programs are a great way to gain valuable experience, they are not considered the same as being a permanent hire in the eyes of the IMA. – See more at: http://www.cmacoach.com/cma-experience-requirement-determine-your-eligibility/#sthash.gzm4vweX.dpuf

      Yes, you may register under the student membership option. According to IMA,

      “To qualify for Student membership, individuals must be enrolled in at least six (6) undergraduate or graduate credit hours, or the equivalent, per semester. Student membership can be held for a maximum of six (6) years. Student members who move to another membership category cannot revert back to Student membership.”

      Thanks and Regards,
      Nathan

  38. Dear Mr. Nathan,

    Hope your fine and doing well,

    If i am ready for Exam now in June can this is passable to get registration and give exam in June?

    1. Hi Shakil,

      It is strongly recommended to register within 6 weeks from the date of exam to reasonably assure that everything will be processed on time.

      Thanks and Regards,
      Nathan

  39. Hi i am in my last year of college and about to graduate. As i am eligible for student membership, i was wondering how long is it valid? Is it an one time payment? When do i move to another membership? Thank you.

    1. Hi Indrajit,

      Yes, you are eligible as long as you have registered at least 6 units per semester within the expected date of exam.

      Thanks and Regards,
      Nathan

  40. Hi, I have finished my graduation but the results are awaited. I am not working anywhere as a professional. Please tell me under which category i am eligible to register for the CMA course

    1. Hi Vaibhav,

      Yes, you may register under the student membership option. According to IMA,

      “To qualify for Student membership, individuals must be enrolled in at least six (6) undergraduate or graduate credit hours, or the equivalent, per semester. Student membership can be held for a maximum of six (6) years. Student members who move to another membership category cannot revert back to Student membership.”

      Thanks,
      Nathan

  41. My query is regarding CMA certificate validity. Does CMA certificate (After Passing 2 parts Exams) have life long validity, besides its annual renewal of membership in IMA.
    I mean if I don’t go for IMA membership, Just want to have CMA passed certificate. Can we do so?

    1. Hi Kumar,

      In order to maintain the CMA designation, we have to abide to the IMA’s policy. We have to regularly update (annual) our membership with the IMA.

      Thanks and Regards,
      Nathan

  42. Hello Nathan.

    I wanted to ask you that I want to study CMA. But the thing is I don’t have a bachelor’s degree nor I have done ACCA. So could you kindly tell me that can I start CMA?
    If I can, then what would be a difference between a normal CMA and a the CMA I would do? Also, would there be a difference in terms of salary. Kindly advise me. Would appreciate it.

    Looking forward for your reply.

    1. Hi Moazzam,

      Either a bachelor’s degree or a related professional certification is required in pursuing the CMA. For further information, you may visit this link and check the Education Qualification section of the CMA Handbook.

      Thanks,
      Nathan

  43. i am just a B.com graduate and MBA finance from Sikkim Manipal University(India). currently i am working with accounts department of a private limited company from last 7 years. can i enroll for CMA exams? how many exams are there?

    1. Hi Rajat,

      Yes, you can take the CMA examinations. The exam is composed of two parts. Part 1 is Financial Reporting, Planning, Performance, and Control and Part 2 is Financial Decision Making. Let us know if you have further questions, we will be glad to help you. You may also check our CMA courses using this link.

      Thanks,
      Nathan

  44. what is the procedure to do cma ..what will be the cost estimate? what are the qualification to proceed forward

  45. Hello, I am CA Inter ( appeared for CA FINAL for thrice but couldn’t clear) Since last 3 years I am in family Business. Is it possible for me to get CMA USA cleared & make career bright & stable ??

    1. Hi Keyur,

      The CMA certification will give you a competitive advantage in the accounting field over non-certified peers.

      Thanks,
      Nathan

  46. Hi ,
    I am doing bcom now.My question is that if i clear the cma exam now and i am not able to get 2 years experience in the next 7 years, should i redo the test again

    1. Hi Albin,

      Yes, I think you have to retake the exam again if you fail to comply with the experience requirement within the prescribed period.

      Thanks and Regards,
      Nathan

  47. hey , i am in faculty of commerce Accounting department , in the third year and i intend to take CMA while am in college so is it possible or i must wait to end my 4 years !!!

    1. Hi Mark,

      Yes, it is possible to take the CMA exam as a student but in order to get the CMA certification, you must obtain the 2-year CMA experience requirement within 7 years after passing the exam.

      Thanks and Regards,
      Nathan

  48. hi Nathan
    i am b com holder from india and ca intermediate
    i would like to know weather i am eligible or not

    Thanks and reagards
    Ashikh

    1. Hi Abdhul,

      Yes, candidates must satisfy one of the following education requirements and submit verification of education to ICMA.
      • Bachelor’s Degree from an accredited college or university. A partial listing of accredited International and US institutions is
      available at: http://univ.cc/world.php.
      • Degrees that are not accredited must be evaluated by an independent
      agency. A listing of these agencies can be found at http://www.aice-eval.org or
      http://www.naces.org/members.htm.
      • If you cannot locate your college or university on the accredited listing,
      please contact ima@imanet.org.

      Thanks and Regards,
      Nathan

  49. Dear nathan,

    Do i need to pay again for the ima membership when it expires to take the exam(i knw for exam i need to pay again).

    1. Hi Arh,

      Yes, to register for the exam, you need to pay for the IMA membership.

      Thanks and Regards,
      Nathan

    1. Hi Marwan,

      My recommended time for studying would be a minimum of 12 weeks per part for both students and working professionals.

      Thanks and Regards,
      Nathan

  50. Hello,

    I’m 41 years old and have limited accounting/finance experience. My experience is about 3 years, can I qualify for the young professional membership?

    1. Hi Rafal,

      The Young Professional Membership is only available for professionals who are less than 33 years old. You must register as a professional member.

      Thanks and Regards,
      Nathan

  51. Hello,

    I am a student of Institute of Chartered Accountants of Bangladesh (ICAB) and have completed 17 papers out of 18. After my A-levels i started with ICAB in 2010 and have not done any graduation. I have professional experience of 7 years.
    Can I enroll for CMA and sit for exam for June session? Please let me know whether i am eligible for CMA exam!

    1. Hi Moumita,

      Candidates must satisfy one of the following education requirements and submit verification of education to ICMA.You may check your eligibility using the information below:
      • Bachelor’s Degree from an accredited college or university. A partial listing of accredited International and US institutions is available at: http://univ.cc/world.php.
      • Degrees that are not accredited must be evaluated by an independent agency. A listing of these agencies can be found at http://www.aice-eval.org or
      http://www.naces.org/members.htm.
      • If you cannot locate your college or university on the accredited listing, please contact ima@imanet.org.

      Thanks and Regards,
      Nathan

    1. Hi Amit,

      Both institutes have entered into a Memorandum of Understanding (MoU) to enable mutual recognition of the certificates. You can learn more here.

      Cheers,
      Nathan

  52. Hey Nathan,
    I am currently perusing my CMA. I have completed BCom and not into any workforce. What should I do to gain professional experience after passing both the parts. I couldn’t get the correct details of this. Can you help me out with that.

  53. Hello Sir,

    I had a query in my mind..can I appear for both part 1 and part 2 of CMA examination in a single window ? That is ; may/June 2017

    1. Hi Neha. You surely can, but not in the same day. Although, I don’t advise you to, because the exams are really hard and it is better to concentrate on a single part per window to increase your chances of passing the exam. Let me know if you have any further questions.

  54. hii Mr.Natham…how are you
    i have completed my M.com, MBA and also CA IPCC,,,But i tried hard to clear my CA final….so i would like to enter into CMA…i have strong accounting,,financial management knowledge…there by can i pass cma exam in first attempt if i study daily 5 hours over a period of six months…kindly help me…thank you…..

    1. Hi Mahesh. If you have the the full set of CMA materials and you’re diligent about your studies, then you’ll surely pass the exams on your first attempt.
      However, I recommend you to sit for the exams in separate exam windows – it’ll greatly increase your chances of passing them on your first attempt, since it’ll allow you to concentrate on a single part at a time.
      If you have any other questions, please let me know.

  55. Hello Mr nathan liao. first of all i really appriciate for the information you have provided. i Am from India currently in the first year of Bachelor of commerce.I am planning to go for CMA. Should i do CMA along with my B.com studies or should i do after my graduation.If i opt of CMA after graduation what will be the duration of CMA course

    1. Thank you, Hamza. And yes, I think that pursuing the CMA as a student is a great idea. Besides paying much lower prices for the membership and exam fees, you’ll learn a lot of practical things that you’ll be able to apply at work and which will facilitate getting you a promotion to a management position.

      Depending on which CMA course you choose, it may take you 3 (with a coach) to 6 (self-studying) months to prepare for a single part.

  56. Im a project manager working in project cost preparatio,budget analysis .cost control.im eligible for cma exam or not???

  57. Hi Nathan,

    I am from India, currently pursuing my CA. I have given CA Final Exams 3 times but I haven’t cleared. I don’t have any professional experience apart from my CA-Articleship. So if I enroll for CMA and clear both exams in next 6 months, would it give me any value addition in finding a job ? ( I mean without 2 years professional experience, just by passing exams)

    Moreover, I am not sure about the career path to chose. I am struck between CMA and CFA. So if I want to switch to CFA later in my career, will CMA course have any value addition to my career ?

    1. Hi Avinash,

      The CMA is totally worth in your situation because it’ll give you a big advantage over your non-certified peers and will even provide you with the skills to excel in a managerial position down the line.

      Even with no work experience in the field you can move to managerial accounting, because passing the CMA exam will prove that you have the knowledge and skills needed.

      Also remember that after passing the exam, you have up to 7 years to fulfill the experience requirement to officially be certified.

  58. Hi Nathan,

    I’m from india
    I am working as a PO in a Bank.will my this experience count for CMA completion?

    1. Hi Ritika,

      Probably not, but you may want to reach out to IMA to confirm this. According to IMA’s CMA handbook, the qualifying experience consists of positions requiring judgments regularly made employing the principles of management accounting and financial management. Such employment includes:
      • Preparation of financial statements
      • Financial planning & analysis
      • Monthly, quarterly, and year end close
      • Auditing (external or internal)
      • Budget preparation & reporting
      • Manage general ledger and balance sheets
      • Forecasting
      • Company investment decision making
      • Costing analysis
      • Risk evaluation

      It’s worth noting though that you can also fulfill the experience requirement within 7 years of completing the CMA exam.

      Best of luck!

  59. Hi Nathan,

    My Question is Regarding a Pre-Requisite for taking the exam that you have mentioned. It says that i need to have 2 years of professional experience in Financial management.

    I have an engineering background and a post graduation in Construction Management. I was working as project planner. Later on i have started my own company and working on it since 18 months.

    I want to clear and get certified in CMA, as it will boost my personal CV and also it would help my company.

    With my experience will i be able to take the exam or no?

    1. Hi Rakesh,

      For the record, you can fulfill your experience requirement within 7 years of passing the exams in order to become certified, you don’t necessarily need to submit the requirement before the exams.

      However, I suggest you to check with IMA directly whether your current experience is relevant for the CMA certification and what you could do at your company so that you experience could count for it.

      Wish you best of luck!

  60. Hi Nathan,
    I enrolled for CMA on 24 Sept 2014, appeared for CMA Part 2 exam in Jan 2015 & passed the exam too. Due to some personal reasons i couldn’t continue studies for a while. I am appearing for Part 1 examination in June 2017, my question is just in case if i fail the examination,will I be eligible for another attempt in Sept 2017 or the credit for passed exam will expire and I hv to re-register and appear for both exams.

    1. Hi Soumia,

      Technically, you should be allowed to have another shot in September. However, I suggest you to reach out to IMA to check whether they can give you an extension.

      Best of luck on your upcoming exam!

  61. what advanced accounting courses would u recommend to help prepare to become a CMA. I feel like I need advanced study from the classroom first.

    1. Actually, preparing for the exam itself is sufficient, especially if you choose a coaching course instead of self-studying.

      Here’s a more detailed roadmap to becoming a CMA. And check also my CMA coaching course here.

      Let me know if you have any further questions, I’ll be happy to help!

  62. I M little bit confused related to 2 years of professional experience.i am Bms graduate…I have appeared this year. The question is where is the need of 2 years of professional experience before registration or after clearing cma exams

    1. Hi Arsalan,

      You can submit the CMA experience requirement prior to sitting for the CMA exam or within 7 years of completing the exam. To become certified you need to submit both the experience and education requirements to IMA.

    1. The CMA certificate will give you a competitive advantage in the accounting field over non-certified peers.

      Check the roadmap to becoming a CMA here to learn more about this designation and how to obtain it.

  63. Hi Nathan,
    Can i pass part 1 of the exam in 3 months??
    I planned to take it on 31st of October this year.

  64. Hi,

    I have two questions:

    1) I have construction management degree and working in project management field. will this experience be accounted for CMA?

    2) will they provide any completion certificate if i complete the two papers successfuly without experience?

    Kindly answer

    1. Hi Mohamed,

      1) Please, reach out to IMA directly to check if your work experience meets their requirements, they have the last word in this.

      2) Yes, they will provide a letter showing that you passed the exam.

      Let me know if you have any other questions.

      Cheers

    1. Hi Pooja,

      Check here the roadmap to becoming a CMA. You should start with the part that is most familiar to you.

      To enroll in the CMA Coaching Course, click here.

      Let me know if you have any other questions.

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