One of the benefits of pursuing the CMA certification is that the CMA exam requirements are very straightforward — as long as you hold a bachelor degree you are qualified to sit for the exam. Let’s look into the details below.
Is There A Prerequisite?
There are two level of exam requirements you need to fulfill in order to become a Certified Management Accountant:
- Educational requirements
- Experience requirements
CMA Exam Requirements #1: Educational Experience
For educational requirements, as long as you have a Bachelor degree in a “decent” university in your country, you are qualified.
In other words, it can be 3-year or 4-year bachelor degree. By “decent”, you can check whether your school is listed list.
If not, don’t worry as you can still get qualified with an extra step to get your transcript evaluated. You can choose any agencies that is a member of NACES or AICE. Then, ask them to send an evaluation to IMA. You will also have to send an official transcript (in English) to IMA for their reference.
Students may sit for the exam before they complete their degree, provided they’re registered for at least 6 credits per semester during the academic year.
CMA Exam Requirements #2: Working Experience
Each candidate will have to complete two continuous years of management accountant or financial management. The experience has to be verified but not necessarily by CMAs.
The nature of work can include the following:
- Financial analysis
- Budget preparation
- Management information systems analysis
- Financial management
- Management accounting
- Auditing in Government, Corporation and Public Accounting
- Management consulting
- Research, teaching and consulting in related field
- This requirement may be completed prior to or within seven years after completing the examination. There is no such limitation on experience gained before the exam. Teaching experience can be counted as well.
- For part-timers (minimum 20 hours per week), each 2 years of part-time experience can be used to substitute for 1 year of full-time experience.
- Internships, trainee programs as well as non-technical positions in sales & marketing, IT, HR and administration will not be considered as relevant.
Need More Information?
For more information on the CMA exam as well as tips on study tactics, consider signing up to my e-course which is completely free. You can learn about the mini e-course here or sign up directly below: