CMA Coach and CMA Exam Academy Reviews: 5 Pros and Cons

CMA Coach and CMA Exam Academy were launched by Nathan Liao, a graduate of the University of Phoenix’s South California campus and a CMA certificate holder since 2010. His latest corporate job was as a controller at a company in Southern California.

He is now running CMA Exam Academy full-time with students from over 25 countries. If you are wondering whether or not this review academy or coaching is right for you, then I hope to answer those questions for you in this post.

CMA Exam Academy: Live Coach over the Internet

Now, let’s dig into CMA Exam Academy and what it offers. This is a live coach over the internet. There will be some benefits to this, depending on who you are, where you are, and what your study and review needs are. Let’s explore more.

You may have thought that I prefer self-study courses to live classes. The main issue is that it’s hard for anyone to track the quality of the instructors. Also, many teachers in the local language and candidates are caught off-guard when hit by the lengthy, complex questions (in English) in the exam. This is one likely reason for low CMA exam pass rates in certain countries and areas worldwide.

CMA Exam Academy offers customized coaching and support, and you can get this in the comfort of your home. However, nearly every CMA exam prep course offers this feature as well.

CMA Exam Academy Product and Services

The course has an online study structure broken down by week over 12 weeks (13 weeks, including the introduction). It is designed based on his experience as a CMA coach and the struggles he knows a candidate would face. This personalization speaks directly to the challenges candidates may have, and it shows he knows the subject matter well. Sometimes with coaches who advertise themselves online, you don’t really know their background or how qualified they are

The package comes with video and audio lectures, online test prep, and his own interactive textbooks.

All coaching is done in three ways: Via email, Q&A below each video lesson inside the course, and via the private group that they have. Every question is answered within 24 hours and includes complete explanations on excel spreadsheets.

About Nathan Liao

As I said above, Nathan Liao is the founder and owner of CMA Exam Academy. Let’s take some time to learn more about him. It always pays to research who is behind a particular course or program so you know that you can trust the material. Nathan started this business on October 1, 2014.

He had been blogging about the CMA exam for a few years, attempting to help other people with their CMA prep. The business was a natural extension of this desire to help others pass the CMA exam easier. Nathan says, “A friend of mine gifted me his formula for pre-launching offers. I used it to test the waters and gauge interest for test prep among the subscribers I already had on my blog.”

On his own site, he describes himself as a Certified Management Accountant earning six figures, and that he can teach you to do the same. Granted, much of his earnings are likely from selling his course now and not from actual CMA duties, but he did work as a successful CMA prior to that and clearly showed a passion for the subject. What are his credentials?

Education and Work Experience

Nathan has an undergraduate degree in Accounting from the University of Phoenix. Additionally, he wasn’t enrolled in their popular online program but rather attended one of their campuses in Southern California. He obtained his CMA designation in 2010.

Finally, he also claims he scored 420 in Part 1, and 360 in Part 2 on the CMA exam.

Furthermore, he says he began his career in the accounting field as a clerk back in 2001. Later, he moved up the ranks until he was promoted to Corporate Controller. He says, “I know firsthand that the knowledge gained from the CMA designation helped me thrive as a Management Accountant.”

So, he’s been there and done that, and his guides and coaching are meant to help you do the same. Let’s look at the pros and cons of his Academy and related coaching.

Pro

1. 1-on-1 Coaching

This is a feature offered by CMA Exam Academy.

Similar to Becker CMA’s feature, Nathan answers questions by weekly live call or email.

2. More Video Lectures

CMA Exam Academy has more than 100 hours of video lectures. This is considerably more than HOCK (~62 hours), Gleim (~70 hours), and Becker (check out this Becker CMA vs. Gleim CMA comparison to learn more).

These videos are 100% mobile-friendly and are available until you pass. Plus, you get updates automatically. If you are a candidate who learns well from video lectures, this could be a big selling point.

3. There Is an Interactive Textbook

The interactive textbook is a way to minimize the disadvantages of electronic books. There are features such as highlighting and adding bookmarks and comments. And embedded little quizzes throughout the book makes it a lot more fun and effective to read. Some people really like (and need) to have their study material physically in their hands. This interactive textbook is kind of the best of both worlds. Moreover, nearly every other CMA prep course also offers interactive textbooks.

4. Audio Review Available

The audio lectures are, in essence, the audio versions of the video lectures. This provides flexibility and another form of studying since many people prefer to listen and study on the go. Students can download these files and take them with them wherever they go. Gleim CMA offers audio lectures as well, but unlike CMA Academy, their audio lectures are 100% unique.

5. 100% Refund if Not Pass the First Time

This is what Nathan offers: Pass the first time or receive a 100% refund. To me, it’s equally attractive to the options offered by Becker and Gleim (they offer free trials with no initial commitment).

So, maybe all that sounds great to you, but we still need to be thorough and look at the cons.

Cons

1. Competitors are More Established

I admire the fact that Nathan launched his own coaching as a young CMA. Still, at the same time, I have a lot of faith in Dr. Gleim, who is a renowned professor at the University of Florida and has been teaching CMA, CPA, and many other certifications for over 40 years.

When I watch the videos more closely, it is clear that experience and expertise do make a difference. For example, Nathan typically discusses the “how” in the video. Instead, Amy Ford (Gleim’s lead instructor) explains the “why” behind the concepts. It makes me feel comfortable that Amy understands the concepts inside and out to be able to articulate the explanations at a deeper level.

2. I Don’t Agree with the Pass Rate Definition

You will see from the front page that the pass rate of “other courses” is 45% vs CMA Exam Academy at 72%.

I find this quite misleading because 45% is the overall pass rate for the CMA exam. (The rates slightly vary from year to year, but that’s a good overall estimate.) This calculation counts every candidate, including those who didn’t take any review course, as well as those who did take courses including CMA Exam Academy. This number cannot be compared to the 72% figure.

For your information, this is how different course providers define their pass rates:

Nathan said:

I calculate my pass rate as “number of students who passed the exam divided by total number of students who took the exam”, not by number of students who “completed” the course.

Wiley CMAexcel states that “9 out of 10” candidates who took their courses passed. This is how CMAexcel calculates the pass rate:

We have been measuring our students’ pass rates since 2013. The pass rate is calculated as the number of parts passed divided by the number of parts completed.”

Surgent reports a pass rate of over 80% (without further explanation). Gleim and HOCK do not have the tradition of disclosing pass rate information. Again, it’s important to have all the facts and look at everything in perspective.

3. Pricing a Tad Higher than Gleim and HOCK

Even when you apply the discount code, the CMA Exam Academy is priced at $2,662 (for both Part 1 and Part 2) vs. $1,599 for the Gleim CMA Premium course and $1,529 for HOCK. I also provide CMA prep discounts for my readers, which bring the prices for the top courses down even further.

The higher price may still be attractive if students prefer a virtual live course experience.

CMA Exam Academy vs Wiley CMAexcel

Back then when Nathan used Wiley’s product as his teaching materials, people asked for a comparison. Nathan has since launched his own product, but I keep the comparison for reference:

	CMA Exam Academy	Wiley CMAexcel
Main lecturer	Nathan Liao, CMA Former corp controller/ Entrepreneur	Doug Clinton, CPA, CMA, PhD Professor at NIU
Textbook developed by	Nathan	The Wiley Team
Individual coaching	Email with Nathan	Email with lecturers
# hours of videos	100+	49+
Study planner	Fixed schedule for 16 weeks	Online and personalized
Progress tracking	Weekly with Nathan	Online
Live support
Exam Formula Guides
Audio review
Access until you pass
Free trial /14-day guarantee
Flashcards
Free shipping of books (if required)

Readers’ Questions

1. I like the idea of the 16-week program, but what if I need to postpone the exam due to various commitments?

The program is flexible enough that if a student needs to postpone the exam, Nathan can reset their program and start from the beginning or from any week of their choosing.

Conclusion: Who Should Use the CMA Exam Academy?

So, here’s the magic question, right? Is this review course right for you? I believe that there are different types of review courses out there because there are so many different types of people and we all learn differently. What’s right for you may not be the best choice for someone else. It’s all about assessing your needs and the way you learn best and then researching the best course for those needs.

If you have the discipline to:

• study on your own
• rely on the performance tracking tools to identify weaker areas and manage progress
• prefer a more established provider in the market…

… then Gleim, Becker, and HOCK have good CMA prep promos.

My CMA Exam Academy Recommendation

I still find Gleim CMA Review to be a more thorough option for the price. Gleim also offers coaching, mentoring, and they can do it by phone or email. CMA Exam Academy is fine and it may help you pass, but it’s not my favorite course.

Further Reading: 

• Gleim CMA Review
• Becker CMA Prep
• Best CMA Study Material
• Surgent CMA vs. Gleim