IMA has a series of CMA exam awards and scholarships to recognize top performers in management accounting.
This is the recognition given to those achieving the highest scores in the CMA exam.
CMA exam candidates are awarded with the ICMA medals with the highest, second-highest and third-highest scores in each testing window. They will get a gold, silver and bronze medal respectively.
Around 5 to 10 candidates also receive the Certificates of Distinguished Performance. The criteria of this award is not disclosed.
The Priscilla S. Payne Student Performance Award is offered to the student candidate who receives the highest score in the testing window.
One of our readers, Hari, received this prestigious award in the Jan/Feb 2017 window. Check out his story and sharing here.
These are competitions for university students, either by forming individual teams or through IMA student chapters.
Teams of 3-5 university students to present a solution to each year’s case. In 2017, the case was published in the August 2016 edition of Strategic Finance. All participants must be an IMA member.
Student chapters enter this competition in promoting IMA’s mission and providing activities or services to their student members.
Held annually since 2003, this award acknowledges a student chapter whose efforts best reflect outstanding leadership through innovation, organizational development, and interdependent partnerships.
4. Other IMA awards for members
Here is a list of global awards for accomplished IMA members.
These awards are granted as a waiver of fees from the IMA. Note that IMA will not pay related expenses such as CMA review courses and traveling and accommodation to the exam sites.
This is available for current students through their professors’ nomination.
In order to qualify, the students should be top 5% or top 5 students in their bachelor or master’s program. Junior (third-year student) is typically preferred.
This is for students in accredited doctoral accounting program specializing in management accounting or financial management. Students from US or international programs are welcome.
I am not sure if this is still running, but this scholarship is open to current students, who must be a US citizen or legal resident. Candidates may submit a 1,000-word essay to apply.
These are one-off stipends for doctoral research.
An one-off amount to alleviate the need for accounting doctoral students to teach during the summer and focus on research.
Research proposals may be from any area in management accounting, but the relationship between the topic and management accounting must be clear.
Scholarship recipients must complete the summer research paper as required by their doctoral program.
This program aims to assist doctoral students in pursuing research in management accounting.
I am the author of How to Pass The CPA Exam (published by Wiley) and the publisher of this and several accounting professional exam prep sites.
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