I am having banking experience of around 5 years. Now, I want to do ICWA so that I can further apply for finance-related jobs. Is it wise?

85 Views|Posted 7 years ago
Asked by Gaurav Gupta
1 Answer
Siddharth Bhardwaj
7 years ago
Dear Gaurav, Is it a wise choice or not depends on your future aspirations. If you want to make your career in accounting and taxation, then ICWA would be the good option. However, if you are looking for core finance career, then there are some other good options as well, like CFA or CFP, etc. So,

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CA is usually considered tougher than CMA if we consider the volume of syllabus and study. Also, the pass rate for CA exam is lower than that for CMA exam.

Students must give at least 8-10 hours daily for each group of CMA exam for about 3 months to prepare well of the exam.

To clear CMA Foundation, Inter or Final exam in first attempt, candidates must strengthen their basics, cover syllabus, practice as much as possible, stay away from distraction, attempt full-length mock tests, use smart revision techniques and evaluate their progess weekly or monthly.

CMA exam is usually considered difficult to crack in one attempt. However, if a candidate is diligent with his/her preparation and practices mock exams, past papers and sample papers thoroughly before exam, their chances of passing the exam increases.

Candidates have to pay INR 25,000 as CMA Final course registration fee. ICMAI allows candidates to pay this amount in two installments as follows:

  • 1st Installement: INR 15,000 (at the time of registration)
  • 2nd Installment: INR 10,000 (before January 31 and July 31 for June and December term exams)

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