Obtain a Bachelor's degree in accounting, finance or economics. The Institute of Management Accountants (IMA) dictates the requirements for CMAs. The website is:
http://www.imanet.org.
Make sure your program of study includes an emphasis on business studies, such business law, management, marketing and taxation.
[1] A Certified Public Accountant (CPA) is a similar designation to the CMA. The CPA credential is focused on accounting and auditing professionals. A CMA professional focuses more on management decision-making and analysis. If you are unsure whether you want to become a CMA or a CPA, check on the course requirements for both credentials. You may be able to schedule your coursework to meet both sets of requirements. Accounting or finance internships give you real world experience and help you to a network for full-time positions. Consider applying for internships while you are in school. Doing an internship will help you decide which career path is the right one for you.
Get your necessary work experience. The CMA designation requires 2 years of continuous work experience. Your work needs to be in a CMA-related field. These jobs include accounting, auditing, financial analysis or budgeting.
[2] You can complete this 2-year work experience after you take the exam as well. Once you are a CMA candidate, you have 7 years to submit proof of your financial management experience. Part-time positions can also count toward the 2-year work requirement. If you work 20 hours a week or more, you can be considered as a part-time candidate. Note, however, that it takes four years of part-time work to meet the 2-year requirement. When you are applying for jobs, check with both your employer and the IMA. They can verify if your position meets the requirements for the CMA.
Apply for membership in the Institute of Management Accountants. The annual membership cost will vary, based on your status as a student or as an employee working in the field. Membership in this professional organization gives you access to exam preparation, employment boards and continuing education courses.
[3] Once you apply and pay the membership fee, you will be eligible to take the CMA exams within the next 3 years. Send the IMA your college transcripts. Download and complete an experience verification form. These are available on the IMA website. You will be required to list all of your management accounting work experience.
