It all depends on your background, experience and education, but having said that, many students find Part II to be the hardest. But with the right preparation exam success needn’t be a worry. Wiley’s CMAexcel CMA Review course coupled with Morgan's professional training empowers you with the knowledge and approach you need to succeed on all parts of the CMA exam.
Passing the exam alone is not sufficient to get certified. To earn the CMA, you’ll need to meet the following requirements:
- Maintain membership in IMA.
- Hold a bachelor’s degree from an accredited college or university (or an equivalent degree as determined by an independent evaluation agency). For more info, please check the Education - Qualification Section of the CMA Handbook.
- Two continuous years of professional experience in management accounting or financial management. For more info, please check to the Experience Qualification section of the CMA Handbook.
- Entrance into the CMA program.
- Complete and pass Parts 1 and 2 of the CMA exam.
- Abide by the IMA’s Statement of Ethical Professional Practice.
You’ll need to make sure you have proof of identity with you, otherwise you won’t gain entry to a Prometric Test Site. Take note, though, your choice of identification MUST be one of the following.
1. A valid, signed, non-expired government-issued passport. Or
2. Two original forms of non-expired identification, one with a photograph, both with your signature. Acceptable forms of ID include a driver’s license, military ID, credit card or bank debit card with photo and signature, bank debit card with signature, or company ID. Or
3. A government-issued national country ID Card with a photograph (with or without a signature), and another acceptable valid form of ID with a signature as defined in #2 above.
Please note that student IDs and social security cards are not acceptable. Also worth noting is that if you fail to have the correct form of ID and are denied admission, you’ll have to register for the exam again and pay the fee in full.
Please refer to the Candidate Handbook for more details on what you need to take with you to the exam site.
The CMA exam is only offered in English.
Each part of the CMA exam is 4-hours long.
In each exam part you’ll find two types of questions: multiple-choice and essay-type. You’ll start with the multiple-choice section and will have three hours to answer 100 questions. Worth noting is that once you exit the multiple-choice section, you cannot return to it. Also, you’ll need to answer at least 50% percent of the multiple-choice section correctly to be allowed to continue. When you move on to the essay section, you’ll have one hour to answer two 30-minute questions and you need to remain in this section to complete the exam.
CMA exam pass rates for the Period May 1, 2013 through February 28, 2014 were as follows:
CMA Part I Exam Pass Rates
Asia Pacific: 41%
Middle East & Africa: 21%
The Americas: 51%
CMA Part II Exam Pass Rates
Asia Pacific: 45%
Middle East & Africa: 29%
The Americas: 52%
But keep in mind that with the right preparation, success is something you can take in your stride!
For regular updates, visit imanet.org
To pass the CMA exam, you’ll need a minimum score of 500 (on a scale of 200-700).
There is no limit to the number of times you can retake the exam, but any exam part may be taken only once in a testing window. All exam retakes require a new registration, along with payment of appropriate fees.
Candidates must register for at least one exam part within 12 months of entering the program, and must pass both parts within 3 years of entering the program.
Yes, to sit for the exam, you need to already be a member of the Institute of Management Accountants (IMA). Please refer the CMA Handbook for more details.