Is it easy to pass CMA exam?
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2 Answers
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When properly prepared for, CMA is not as difficult as students claim it to be. The pass percentage for the CMA test is significantly lower when compared to the ICAI CA exam. However, compared to the CMA Final course, there are far more candidates appearing in the CA Final. In the December 2022 term, the pass percentage for the CMA Final course was 6.85% for both groups and 17.77% for candidates who only took the Group IV exam. Of the 3751 applicants who took part in the CMA Final course in both groups, 373 passed the exam for just one course group, and 257 passed the exam for both groups in the December 2022 term.
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If the preparation is right, CMA is not as hard as students complaint about the same. If the pass percentages is compared with ICAI CA exam, CMA pass percentage is comparatively less. However, the number of candidates appearing in CA Final if compared with CMA Final course is huge. The pass percentage of CMA Final course in December 2022 term stood at 6.85% for both the groups, and 17.77% for candidates who onlyu appeared for Group IV exam.
Out of 3751 candidates who appeared in both the groups of CMA Final course, 373 test takers passed the exam for only one course group, while 257 candidates passed the exam for both the groups of CMA
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Absolutely! Many subjects like Financial Accounting, Corporate Law, Taxation, and Auditing directly overlap with professional courses. Students often say that their B.Com (Hons) syllabus gives them a head start in cracking CA/CS/CMA exams, saving them study time later.
To become a CMA in the USA, you need to:
- Become a member of the Institute of Management Accountants (IMA).
- Meet the required education and work experience criteria.
- Successfully pass both parts of the computer-based CMA exam.
- Complete required continuing education units to keep your certification active.
We have listed below the CMA US eligibility criteria for international students:
- Register yourself with the IMA.
- You must have a Bachelor's degree from an accredited college or university. If you are pursuing your graduation, you are still eligible for the US CMA. Degree verification must be done within 7 years of finishing the CMA examination.
- In order to earn a CMA certification, you must have 2 years of continuous work experience. This work experience must be in Management Accounting and/or Financial Management field.
The average CMA in USA salary is USD 126,000, but may vary on factors like experience, industry, company size, and location. The details are given below:
- Mean Salary: USD 86,924 (INR 72.2 L)
- Median Salary: USD 67,500 (INR 56.5 L)
Conversion Rate: 1 USD = INR 83.70
The CMA programme in USA, offers flexibility for aspiring management accountants to complete the course. While CMA in USA typically takes 12 to 18 months to complete both exam parts, however, dedicated students can finish in 6 to 9 months also. Candidates also have a three-year window to complete the CMA course in USA starting from the date of registration to earn their CMA certification.
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