Let’s know the step-by-step process of the US CMA.
- Become a member of the IMA
- Educational Requirements
- Work Experience
- Join the US CMA program
- Pay US CMA Exam fee
- Pass both the exam parts of US CMA
Become a member of the IMA:
It is very simple to become an IMA member. Many options available for IMA membership.
- IMA Professional Members: The fee for professional membership is USD 230 per year along with a one-time application fee of USD 15. The IMA professional membership applies only to people who are already aspiring to a career in finance or accounting.
- IMA Student Member: This applies to the existing students of the accredited university or college. It costs $39 per year.
- IMA Academic Member: It is applicable for full-time faculty members of the accredited college, institute, or university. The cost of academic membership is $120 per annum.
US CMA Educational Requirements:
- The US CMA aspirants must have a bachelor’s degree from an accredited college or university.
- Most of the CMA students earn degrees in finance, accounting, general business, and economics.
Work Experience:
- The US CMA aspirants must have to complete two consecutive years of professional work experience.
- If you are unable to work full-time, then you can work part-time for 20 hours/week for four consecutive years.
Join the US CMA program:
- Once you are a member at IMA, you can become a US CMA candidate by entering the US CMA certification program.
- The entrance fee of the CMA program depends on IMA membership. Academic members: $188 and Professional members: $250. It’s a non-refundable fee that has to be paid before taking the US CMA exam.
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Pay US CMA Exam fee:
After joining the US CMA certification program, you have to decide when to book your exam and pay the US CMA exam fee.
US CMA Examination Fee: You have to pay $415 for each CMA exam part. If you have academic or student membership then you have to pay only $311 for each part.
US CMA Exam Windows:
US CMA Testing Window | Exam Dates |
January-February | 1st Jan-28th Feb |
May-June | 1st May-30th Jun |
September-October | 1st Sept-31st Oct |
US CMA course fee in India:
Part 1 – INR 28000
Part 2 – INR 28000
Pass both the exam parts of US CMA:
US CMA exam consists of two parts:
- Financial planning, Analytics, and Performance
- Strategic Financial Management
The US CMA syllabus is not as difficult as you think. It is a 4-hour long exam with Multiple-Choice Questions (MCQs) and essay-type questions.
Question type | No. of Questions | Time |
Multiple-Choice Questions | 100 | 3 hours |
Essay Questions | 2 | 1 hour |