Cma Entrance Exam Manual
You’ve decided to invest in your career by earning the CMA certification. While this investment involves sacrificing personal time, it also requires a significant monetary investment. You will have to pay an assortment of CMA exam fees that will cover your membership, exam, and exam preparation costs, so the following information breaks down exactly how much you need to budget to become a CMA.
College Entrance Exams
(All fees are presented in U.S. IMA Membership Fees The first step to becoming a CMA is being an active member of the Institute of Management Accountants (IMA). The IMA is a global association of financial professionals and accountants with over 80,000 members and is the only organization to offer the CMA.
There are four types of memberships based on where you are in your career: Professional, Young Professional, Student, and Academic. The Professional membership is the standard membership. Young Professionals receive a discounted annual membership. If you qualify as a Student or Academic, you may enjoy access to many IMA membership benefits at significantly reduced rates, including the CMA entrance and exam fees.
IMA Membership Fees. Membership Type Fee Professional $245.00 Academic $135.00 Student $39.00 Two-Year Student $78.00 Membership is renewed annually.All first time members are also required to pay a one-time $15 application processing fee. CMA Entrance Fees After becoming an IMA member, you become a CMA candidate by enrolling in the CMA program. The CMA entrance fee for the program must be paid before taking the exam and is nonrefundable. It differs by membership. CMA Entrance Fees Membership Type Fee Professional $250.00 Academic $188.00 Student $188.00 There is no time requirement for registering for the CMA exam after paying the CMA entrance fee.
However, candidates must successfully complete both parts of the exam within 3 years of entering the program. If both exam parts are not successfully completed within this time frame, any passed part will expire and the CMA entrance fee will have to be repaid. CMA Exam Fees After enrolling in the CMA program, you can now register for the CMA exams. You register and pay for each part separately. CMA exam fees range from $311-$415.
CMA Exam Fees Membership Type Part 1 Part 2 Total Professional $415.00 $415.00 $830.00 Academic $311.00 $311.00 $622.00 Student $311.00 $311.00 $622.00 How Much Does the CMA Cost? In order to earn the CMA designation, you must pay all of the following CMA exam fees.
CMA Certification Fees Membership Type Membership Registration Entrance Exam Total Professional $245.00 $15.00 $250.00 $188.00 $1,340.00 Academic $135.00 $15.00 $188.00 $622.00 $960.00 Student $39.00 $15.00 $188.00 $622.00 $864.00 Two-Year Student $78.00 $15.00 $188.00 $622.00 $903.00 If you take the CMA exam this year, you will pay $903-$1340 in required CMA exam fees. However, there are also some other costs to consider. Additional Costs.
Travel If you have to sit for the exam at a distant testing center, you’ll have to take additional travel expenses into account while planning your CMA budget. However, you can avoid these extra costs by registering early and securing the most convenient exam date, time, and testing center location. Annual IMA membership IMA membership is mandatory and must be paid yearly. Members who have passed the CMA exam will need to pay the CMA Annual Fee which covers the annual active membership and the CMA Maintenance Fee. Test preparation Preparation is key to passing the CMA exam and becoming a CMA.
The best way to ensure your success is by studying with a CMA review course. Many providers offer CMA review courses, with prices ranging from $600 to $2000 for both parts. These providers each utilize a different review approach, so look beyond price to ensure you choose a course that provides the tools necessary for your preferred learning style. Gleim set the standard with the first CMA course released over 35 years ago, and the is now the most widely-used review course on the market. Our Premium CMA Review Course includes expert-authored materials, unmatched exam emulation, over 40 hours of professor-led videos, and the largest test bank on the market. Gleim believed that moving forward in your career should always be affordable, so our courses remain at a price point under that of other CMA providers.
Depending on your learning style and needed level of preparation, you can receive both parts in our Traditional System for $1049, or both parts in our Premium System for $1,249. Although you may buy each part separately, purchasing a complete review system is more cost-effective.
Is the CMA Designation Worth the CMA Exam Fees? The road to the CMA designation may seem daunting. Though time and effort investments may be high, the actual costs are low. Earning your CMA designation unlocks a lifetime of additional earnings, professional advancement, and a connected network to thousands of other financial and management professionals. With our years of experience and exceptional results, Gleim CMA has perfected the CMA prep that can guide you to CMA exam success.
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