5 Best CMA Review Course in 2018 (Save Hundreds + My Recommendation)
Here is my analysis of the pros and cons of CMA review courses in 2018 and my recommendation for the best CMA review course based on readers’ experience and comments from major accounting forums.
Let Me Find the Best CMA Review Course for You!
I don’t believe in people who say their study materials are the absolute best because different courses suit candidates with different backgrounds and learning styles. However, I am confident that you will find one that fits your needs here. Disclosure: The I Pass Team may earn a small amount of compensation if you purchase from our links; our team uses these revenues to maintain the site and produce awesome free content just for you!
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| Overall Impression | The most MCQs | The most essay questions | Interesting guarantee | The only adaptive CMA course | Personalized support |
| IMA Licensed / Strategic Partner |  |
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| # Practice Questions | 3,200 | 2,900+ | 2,245 | 2,500+ | 2,500+ |
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| Customer Service | Professor mentoring via online forum | Personal Counselors | Email support | Technical support | 1-on-1 coaching |
| Free Trial | (14 days) |
(Unit 1) |
Software trial | (demo) |
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| Access Time-limit | Until you pass | Until you pass | Unlimited | Unlimited | 12 or 24 months |
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“You pass or we pay” | |
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| Pricing (2-parts) | $1,800 (save $400) | $1,124 (w discount) | $1,249 | $599 | $1,324 (w discount) |
| Pricing (single-part) | $1,200 | $750 | $574 | $339 | $757 (w discount) |
| Recommendation & Analysis | Wiley | Gleim | Hock | Surgent | CMA EA |
* Conditions apply. Please check with the respective providers for details.
Detailed CMA Review Course Comparison
Contents
Wiley CMA Review
Wiley offers two versions of CMA review material. This is the premium “integrated review course” with 21 hours of video instruction, an interactive online study planner, performance tracking, a final review, textbooks, and test prep software (known as the test bank).
Pros
- I really like Professor Douglas Clinton who is the lecturer in the video. He is knowledgeable and at the same time a lively teacher. You can tell that he is an active and well-liked professor (and indeed he is).
- The interactive online planner is very useful for helping you plan your studies and keeping you on track.
- The 14-day free trial gives you full access to the entire course.
Cons
- The practice questions in the test bank are not as complex and comprehensive as I had hoped. I personally prefer tougher practice questions to get me fully prepared for the exam.
- This is the most expensive option.
Recommendations
If you are a fan of Wiley CPAexcel or if you learn best by watching videos, this is definitely your best pick.
Wiley evaluation + discount code hereGleim CMA
Gleim is one of the most popular CMA review courses available and is especially preferred by those who study on their own.
Pros
- Gleim is very established; it’s one of the earliest providers of a CMA prep course (as well as courses for CPA, CIA, and EA).
- The Gleim CMA Review System offers an integrated learning approach with video lectures, an audio-visual presentation, test bank with various modes, audio review, textbooks, an essay test bank, and an online study tracking system. There is also a study planner that tracks your progress and a Personal Counselor to help you reach your exam goals.
- This course includes the most comprehensive practice questions with an exam mode that closely simulates the real exam that you will encounter at the Prometric center.
- The free trial for one study unit and the money-back guarantee are very attractive.
Cons
- If you have no accounting background, it may be tough to follow. However, if you have a basic knowledge of accounting (e.g., taken one or two introductory classes), it should be fine.
- The traditional version doesn’t have video lectures or the Access Until You Pass guarantee.
- The course can be difficult to navigate at times, and it’s not as seamless as the Gleim CPA course.
Recommendations
If you have some accounting background and are the type of candidate who learns from practice (i.e., doing lots of practice questions), I have no doubt that Gleim is the best for you.
Gleim evaluation + discount code hereHock CMA
People in the U.S. may not have heard about Hock’s CMA review courses, but they are quite popular among international candidates.
Pros
- The notes are great and explain the concepts well with classroom recordings (videos).
- This course comes with unlimited access.
Cons
- Their practice questions are good, but the coverage is not as wide as Gleim CMA.
- There is no interactive online study planner.
Recommendations
If you need more explanations of the concepts behind the topics covered in the CMA exam, but find Wiley too expensive, Hock could be a good alternative. If you need more practice questions, you can get Gleim or Surgent CMA as a supplement.
Hock evaluation hereSurgent CMA Review (Formerly Exammatrix CMA Test Prep)
Surgent is an accounting test prep developer that prides itself on a unique offering — a software that learns from your answers.
Pros
- The ASAP (adaptive learning) technology that analyzes your weakest areas based on the performance of each study session has a lot of potential.
- There is a money-back guarantee as long as you are a “good student” (parameters include how much time you spend on the questions and the percentage of questions you answer correctly at the end).
Cons
- Most readers comment that the book is not as comprehensive as those of other review courses.
- There are fewer features (e.g., no video lectures, audio reviews, or flash cards), although this is somewhat reflected in the lower price.
Recommendations
This is a good choice for those who know the exam content but need test prep software for exam preparation. It is also a great choice of supplement if you are looking for an additional set of practice questions.
Surgent evaluation and discount code hereCMA Exam Academy
CMA Exam Academy is a relatively new and exceptional product from Nathan Liao, a controller-turned-entrepreneur and founder of CMAcoach.com. The package includes video lectures, proprietary books, a test bank, and his one-on-one coaching via call or email.
Pros
- The coaching and support are highly personalized with weekly live coaching calls with Nathan. As far as I know, this is a unique offering.
- There are 100+ hours of video and audio lectures.
- Guarantee: Pass the first time or receive a 100% refund.
Cons
- Nathan has lowered the price by $200 for each part, so it is considerably less than Wiley’s now, but it is still more pricey than Gleim and Hock.
- The course and team are not as established as others.
Recommendation
This is a great option if you are looking for a live coach offering personal support and progress tracking.
CMA Exam Academy evaluation and discount code hereOther CMA Exam Review Courses
Wiley CMA Learning System
This is the self-study version, also commonly known as the “IMA study materials,” because the content was previously developed and distributed by the IMA.
Pros
- The notes are clear, precise, and easy to read.
- I feel like the authors really want to teach (versus just want you to pass) through the book, and I actually quite enjoy reading most of the sections.
Cons
- The practice questions in the test bank are not as complex and comprehensive. I personally prefer tougher practice questions to get me fully prepared for the exam.
- This is still relatively more expensive than some other courses.
Recommendations
The textbooks are easy to read and are well organized. Strictly in terms of learning experience, I actually prefer Wiley to Gleim and Hock (although a few of my readers like Hock better). In terms of test prep software, we all think Gleim gives us more confidence to pass the exam.
You can get a more detailed evaluation and the discount link for the CMA Learning System here.
My Recommendations
Given that this is mostly a computerized test, the thing that will make or break a review program is the multiple-choice questions. I believe most candidates would agree that Gleim CMA has the best test prep software, free trial, personal counselor support, and access to accounting experts, all with the Gleim Guarantee. What do you think? Drop a note here, and we can discuss.
Contents
- What is a CMA Review Course?
- Why Use a CMA Exam Review Course?
- How to Pick the Best CMA Study Course
What Is a CMA Review Course?
A CMA review course is a collection of self-study resources designed to prepare candidates for the CMA exam by concentrating on the exam content. Most of the components in a CMA review course can be accessed online. CMA course material often comprises:
- Digital or physical books
- A bank of practice questions
- Video lectures
- Audio lectures
- A study planner
- Performance tracking software
- Customer service access
- Limited time access
CMA review courses for each exam part can be purchased separately or as a complete set.
Why Use a CMA Exam Review Course?
There are several benefits to relying on a CMA review course to pass the exam:
- A CMA review course covers and presents the exam content in a convenient and efficient way.
The two parts of the CMA exam assess candidates for their familiarity with a body of knowledge related to the areas of management accounting and financial management.
- Part 1: Financial Reporting, Planning, Performance, and Control
- External Financial Reporting and Decisions
- Planning, Budgeting, and Forecasting
- Performance Management
- Cost Management
- Internal Controls
- Part 2: Financial Decision Making
- Financial Statement Analysis
- Corporate Finance
- Decision Analysis
- Risk Management
- Investment Decisions
- Professional Ethics
The Institute of Certified Management Accountants (ICMA) explains the CMA exam content in the Content Specification Outlines (CSOs) and the Learning Outcome Statements (LOSs). While the CSOs offer a high-level overview of the exam content, the LOSs go into more detail about the skills and abilities the exam expects candidates to have.
As a CMA candidate, you can review this information for yourself, but discovering and learning the specifics of the material and developing the skills you need on your own will take a great deal of time and effort. You will have to conduct a lot of in-depth research, which would greatly increase the duration of your studies and may jeopardize your ability to pass both parts within the three-year deadline. Thankfully, a CMA review course will have gathered and distilled all of this information for you. A quality review course features expertly-authored textbooks and lecture series that address every area of the exam content so that you can focus on mastering the material rather than compiling it for yourself.
- A CMA review course ensures that you reach the levels of knowledge and skill that you need to pass in time for exam day.
How Does a CMA Review Course Help?
As good CMA review courses deliver the exam content, they also measure your study progress. Tools such as performance tracking software and study planners enable you to review and comprehend all of the exam material in a timely manner. The CMA exam expects you to reach the following cognitive levels with the exam content:
- Knowledge: Ability to remember previously learned material such as specific facts, criteria, techniques, principles, and procedures (i.e., identify, define, list).
- Comprehension: Ability to grasp and interpret the meaning of material (i.e., classify, explain, distinguish between).
- Application: Ability to use learned material in new and concrete situations (i.e., demonstrate, predict, solve, modify, relate).
- Analysis: Ability to break down material into its component parts so that its organizational structure can be understood; ability to recognize causal relationships, discriminate between behaviors, and identify elements that are relevant to the validation of a judgment (i.e., differentiate, estimate, order).
- Synthesis: Ability to put parts together to form a new whole or proposed set of operations; ability to relate ideas and formulate hypotheses (i.e., combine formulate, revise).
- Evaluation: Ability to judge the value of material for a given purpose on the basis of consistency, logical accuracy, and comparison to standards; ability to appraise judgments involved in the selection of a course of action (i.e., criticize, justify, conclude).
What Does a CMA Review Course Typically Include?
The CMA exam uses multiple-choice questions and essay scenarios to determine if you have attained these cognitive levels. The test banks of practice questions found in CMA review courses give you the opportunity to apply what you’ve learned and get comfortable answering the exam questions. A CMA review course that emulates the look and feel of the exam within its test bank also allows you to acquaint yourself with the format and functionality of the exam before you take it, which builds your confidence and minimizes any surprises you may encounter.
- A CMA review course supplies a support system for additional information, advice, and encouragement.
Most CMA review courses include some form of customer service. Your course may permit access to friendly exam mentors who answer your questions, help you create your study plan, coach you through their course, encourage you through your study struggles, and hold you accountable for your review process. You may also be able to rely on a technical team to assist you with computer or course issues. You can usually communicate with these experts via phone, email, or a system within your course. When you purchase one of the review courses discussed on this page, you’ll be able to enjoy access to CMA experts who won’t let you go through the exam alone.
How to Pick the Best CMA Study Course
When you’re ready to pick the best CMA exam prep for you, evaluate your options based on the following traits:
- How customers have reviewed the course
- How well the course components fit your learning style
- Who has written the materials
- Who presents the lectures
- How much value you will get for the price
- How long the course provider has been in the industry
- What kind of customer service you will receive
- How often the course is updated for the current exam version
- What guarantees and course access periods are included
- Whether you can preview the course before purchasing
- How well the course replicates the exam experience
- How many practice questions are included
This list is long and not in order of importance. Arrange these qualities according to your personal priorities and weigh each review course against your standards and preferences. Again, different courses will suit different candidates, but I believe you can find the best CMA study material for you that meets your needs and helps you pass.
And if you’re still on the fence after reading my reviews, I highly recommend you take advantage of a free trial from one of my two favorite courses.
| Gleim CMA Review | Wiley CMAexcel | |
| CMA Review Trial (Free!) | Demo Gleim | Demo Wiley |
About the Author Stephanie Ng
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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Hi Stephanie:
Really it is very useful to go thr comparative note on various options. Still I am not clear.
My concern is, If I plan to take exam in Jan/Feb 2016, will there be any changes in the content of Wiley or Gleim !!
Not clear what should I go with for prep material, Wiley or Gleim ???
Sorry for asking same inspite of above comprehensive note
Thanks.
Hi Mallik,
Sure, this comment section is for you and other readers to ask questions. If you sign up for the online courses, there are updates available online sometime between September to November, and you have the choice whether to switch, and when to switch to the new version.
For printed text books, they will also be out towards the year end (maybe around Nov) but for that you can’t get automatic updates, of course.
In any case, I don’t expect major changes in 2016, so don’t worry.
In terms of Wiley vs Gleim, it really depends on your learning style. They are quite different. If you like the online offerings, both of them have free trials and I encourage you to give both of them a try and then pick the one you like after a few days of checking out the platforms. In terms of which is more popular, more readers choose Gleim but then I only get data points from my own readers, and because Gleim is a lot more affordable. Hope it helps! Stephanie
Hi every body
My comment is what about suggested reading list developed by ima because already i started with it
Hi Stephanie,
Greetings from Bahrain!
I want to have a Canadian CMA designation. Is there a way to get it while I am here in Bahrain without having to go to Canada to study?
Hi Carlos, I only cover US CMA exam. And there is no long a “CMA” designation in Canada as it has been rolled into a new one called CPA Canada. More info here: http://ipassthecpaexam.com/how-to-become-cpa-in-canada/
Regards,
Stephanie
how i can contact someone who already passed CMA (USA).
please reply on [deleted]
Hi Mansoor, you may just drop a note here with questions. For now, I’ve removed your contact info to protect your privacy.
Hello Steph,
Thank you so much for the briefings. Is it possible for me get these materials even without joining IMA?
I actually want to make sure my success is certain by reading this material before I invest into CMA.
Regards,
Anya Nelson.
Hi Anya,
Sure you can. It’s a good idea to get more or less ready before you apply, since the application and registration takes less than half an hour to complete. Please make sure you are eligible for the exam: https://ipassthecmaexam.com/cma-exam-requirements/
Cheers, Stephanie
I myself learning by using wiley material and practise questions using gleim exam prep software….what is your suggestion about this study plan?
Sure Muhammed, it could be expensive but yes, should work well 🙂 Stephanie
Hello Stephanie
Thanks for providing all information in depth. Its really really useful for those, who want to be a CMA candidate. I am looking for coaching class either online or class room base to prepare exam; the mostly, I found the classes that offered online by universities or like CMA Exam Academy and they are going to use the Wiley CMAexcel exam materials, as per your comparison the Gleim materials looks good, I am very much Confused, what to do next , which class & materials are best for, how do i do that and which one is the best option or institute for..?? i am expecting your helpful guidance.
Thanks again, and appreciate your free efforts
Regards
John
Houston, TX
Hi John,
Thanks for your note. Whether to get a coaching class or not really depends on your own learning style. I for example prefer self-study, but there are some others who need more guidance. As for whether these coaching classes are useful, there are so many of them that I can’t comment on each of them, but I have this post with my general thoughts (mostly on live coaching classes): https://ipassthecmaexam.com/cma-prep-course-online-live-class/
On your specific question on Wiley, yes they do partner with many instructors who use them as their text books. If you like Wiley but want to do self-study, it’s perfect fine to get your own Wiley CMA review as well. There are lots of options.
If you have further questions please let me know. Best of luck!
Regards
Stephanie
Hii I m a b.com graduate from Calcutta university .. I also pursuing CA I m in CA inter I have completed my 3 years practical training in CA firm .. What should I do to join CMA .. How much cost to join it ????
Regards
Asif khan
Hi Asif, you can take a look at the steps here: https://ipassthecmaexam.com/how-to-become-a-cma/
Together with this page on the cost: https://ipassthecmaexam.com/cma-exam-fees/
I want know details about degree under recognized university &about experience or any qualification for this course.
Hi Vyshnavi,
I am not sure if I understand your question, but this page on the CMA exam requirements should have the link you are looking for:
https://ipassthecmaexam.com/cma-exam-requirements/
Hi all respecteds
i can not afford the study materials. can any one help me by sending it on my email (adaliagha@gmail.com), if you already purchased it.
Regards,
Hi Agha,
We do not share materials freely on this website due to respect of copyright. It also breaches the rule and undermines the professional ethics, an important topic tested in the CMA exam. If you cannot afford it, please borrow it from the library. Regards, Stephanie
hi Stephanie,
i completed my graduation from commerce stream, and i am looking for CMA course..im from india..
my question is..whether CMA has value in india or not?? and what will be the salary in india after completion of CMA??
Hello Stephanie,
I plan to do CMA in future. I was searching the internet for some tips regarding how to pass CMA and happen to came across by your site. You have done a great job in helping people about CMA. I am little confuse about which course should i take for CMA study. I do have a little knowledge about accounting and finance but not that much. So can you please help me in this matter.
Hi Ahmed,
Thanks a lot for your kind words! I do like the Wiley CMA Learning System book (originally developed by IMA) that explains the background and the fundamentals in more detail. But for the actual practice questions I like Gleim better. So it depends whether how much you know accounting / finance and if you are able to understand the concepts enough.
The full Wiley CPA course is a good balance but it’s quite a bit more expensive.
The best way to find out is to sign up for Gleim’s and Wiley’s free trials and see if you are able to figure this out yourself. Just click on the buttons at the bottom of the table above, or go to these pages:
https://ipassthecmaexam.com/gleim-cma-review/
https://ipassthecmaexam.com/wiley-cma-review/
Cheers
Stephanie
Thanks Stephanie for your help and one more question, if I want to buy only Wiley book not the full course can I get it or not.
Regards,
Ahmed
Sure definitely. The book is known as the Wiley CMAexcel Learning System (only simply called the “Learning System”). You can find my evaluation here: https://ipassthecmaexam.com/wiley-cma-learning-system/
Hi Stephanie,
I am from India, a Commerce graduate with MBA finance & 10 years or experience in Financial planning & analysis do you suggest me to go for CMA certification and accordingly which study material
Your comparative analysis is quite crisp for a broad understanding
Thanks
This comparison is biased. You have coupons for Gleim so obviously, you’ll try to prove that it’s superior to all other providers. The reality is different though. Wiley’s material is super relevant considering it comes from IMA itself and you don’t need any other material to pass the exams. HOCK on the other hand is the most explained and easy to grasp. If you have accounting background, then go for Wiley and if not then go for HOCK. Gleim is only good for its MCQs.
Please don’t misguide people just to earn some extra bucks.
Note: I don’t think my comment will be approved but I have to speak the truth.
Hi Farhan,
No worries, but I feel like I should clarify. I am a Wiley author myself (for the CPA exam), and have pretty good relationship with Brian/Kevin Hock and their team. Sometimes the providers choose not to provide coupon code for their own reasons, and it is not up to me to decide.
You have the right to express your opinion, but I also have the rights to express mine. That’s why I leave the comment box open to anyone including those who don’t agree with me. There is no need to assume me (or other bloggers) misguiding people and me deleting anyone’s comments. Not all bloggers are that bad 🙂
It was nice of you to say so but my opinion is still the same. 🙂
Sure! Some readers may have the same suspicions so I am glad to have an opportunity to explain that.
Dear Farhan and Stephanie,
I’m not sure if my comment will count or not but I had used Wiley as well as Gleim so my views might be acceptable 🙂
If you are a commerce graduate or have an accounting background you might find Wiley too much for reading. I’m a CPA and used Wiley first for CMA exam. I don’t enjoy reading as my eyes get easily tired and when I saw how THICK Wiley book is my first expression was OMG! BUT I will surely recommend Wiley for those “new” in terms of accounting.
If the exam taker is like me who’s working and has only few hours to spend for self study (I’m not attending any class),Gleim is highly recommended. Gleim for me is a REVIEW not a means to learn accounting in one sitting.
Overall, if you got plenty of time, an avid reader and your objective is not only to pass but to get HIGH score – Wiley is the best otherwise use GLeim. One thing is sure BOTH will help you PASS 🙂
Hi Maria, yes very helpful analysis. I agree! Stephanie
Hi Maria,
So you would say as myself (a Canadian accounting educated person), Gleim is sufficient since a lot of our theory surely overlaps to pass the exams?
Thanks
Yes. You got accounting background and what you need is a REVIEW material. Gleim is enough 🙂
Very good information, thanks maria
Stephanie ma’am,
I want to order can you please recommend me which are the best books to be referred to study cma Blyth the groups. As I’m not going to join any coaching institute rather I’ll be studying in my own.
So I kindly request you please tell me the best authors book to study cma which will be very helpful
WAITING FOR REPLY
hi Shrinivas, the ones featured in the chart above are the best in my opinion. I like Gleim the most, but this is my opinion based on the general profile of the reader. Please decide based on your own background and budget.
For Gleim and Wiley CMA Review, you can sign up for a free trial. If you prefer textbooks and not the online version, you can also check out the electronic version of the books in the free trial, then order a physical copy if you like it. Regards, Stephanie
I am a post graduate in commerce ( accounting background) and would like to appear for CMA exam in Sep/Oct window. Please suggest for self study which one is the best ( Wiley or Gleim) .
Hi Srini, my general recommendation based on the general readers’ profile is Gleim, but it really depends on your own background, budget and learning style. That’s why I tried to list out a few choices than one choice.
I encourage that you sign up for the free trials available for some of these review courses. Gleim and Wiley CMA reviews have full access free trial. This is the best way for you to find out whether you like it and if you find it useful. Regards, Stephanie
Can I do CMA US from India itself?
Sure. There are quite a few test centers in India. Please take a look here for the location and general information: http://ipassthemaexam.com/cma-in-india/
Hello ma’m, i have accounting background and as u said that gleim would be benefecial if 1 has an accounting background! but as i checked the stats it shows that gleim’s price is comparatively lower than wiley’s! so i am in state of uncertainity now as to which 1 should i opt for? i know its stupid to ask but still i will.. just because wiley’s material is more costly, does it imply that its content is better compared to gleim’s?
Hi Saurabh,
There is no stupid question at all! On your question, it also makes me ponder why the pricing can be so different. But I guess Wiley is demanding a premium given its material is officially endorsed by the IMA. Having said that, IMA does state that the Wiley materials do not give you any edge in guessing more of the actual exam questions. So it’s up to you to decide. I personally find Gleim more than enough to help you pass. The two courses’ focus is slightly different but I won’t say one is more detailed than the other.
The best way for you to find out is to sign up their free trials. Both Gleim and Wiley CMAexcel has one. Let me know how you feel like using each of them! regards, Stephanie
Thank you so much ma’m! I also want to know whether gleim’s study material consists of recorded video lectures or it just consists of the course in written form? Felt a need to ask because recorded video lectures could be more helpful in case anyone has a doubt understanding the topics. Please revert. Thank you:)
Yes they do have videos, sometimes on the subject matter but in many cases it’s going through the classic but more complex questions. I think those are pretty useful. The best way for you to find out is to sign up for the free trial. It gives you full access (unlimited time) of the first study unit.
Hi Stephanie,
I am in Canada and I am interested in the CMA. Does the IMA provide text books when we sign up as well? or do we need to get these supplements as our only source of materials? (ie. Gleim). Also is it realistic to complete 1 exam with 3 months of study and full time employment? how would you break up the study plan? (I have an extensive background in accounting but not specifically cost accounting so I will need to brush up).
Lastly, are there forums like this where we can discuss with other students about course work? and maybe set up group studies in our own regions of residence?
Thanks.
Hi Rob,
IMA doesn’t include textbook in the CMA entrance fee, but they do have an officially licensed/endorsed materials published by Wiley (the Wiley CMA Learning Sytem mentioned above). You may want to get that although they have stated clearly that this material won’t give you an edge in terms of guessing the actual exam questions.
I think 3 months is fine given your background. On the forum, always wanted to set it up, but I haven’t got time to moderate it. For now the Facebook page somewhat helps candidates connect. I will think about how to do this in an efficient way. Thanks for the suggestion! Stephanie
Hi Stephanie,
I recommend a google group for north american students. In Canada for designations, we have forums on the actual site that allows us to make google groups privately that people join.
But if you have a more efficient way to connect everyone.. that would be great.
Also, would the Gleim material be sufficient as a primary study source?
Thanks Rob, great idea! Let me think about it.
Yes Gleim is sufficient for you to pass. I would focus on that and make good use of the practice questions. In case you need supplementary questions / materials later on, you can always add to that.
Hi Stephanie,
you mentioned that there is a Facebook page for students to connect. What was the page’s name?
Thanks.
Hi Rob, it’s http://www.facebook.com/ipassthecmaexam
IMA has this linkupIMA which could be helpful as well. I am not active there, but you can check it out: http://linkup.imanet.org/home?ssopc=1
Hi Stephanie,
Do you recommend the live classes provided by vendors listed on the IMA website vs. buying the course? given that the self study courser are really good
Thanks in advance
Hi Lina,
I am sure some of the live classes are good, but since I never know who the instructors are at any given time, it’s hard for me to comment. The instructor is really the only fact that sets the live class apart. If you get stuck in a lousy instructor, it’s a complete waste of time. So that’s why I stick with my recommendation of self-study courses because the instructors, though only on video, are guaranteed to be good.
I have this page with my thoughts on live classes vs self-study courses: https://ipassthecmaexam.com/cma-prep-course-online-live-class/
Excellent, thanks so much for your input. It is very appreciated
Sure, most welcome!
Dear sir..
Last year December I took admission in Cima. In the may this year I was scheduling my p1 exam than Cima denied me I can not appear exam because I do not have last name in my any government id proof. At the time of registration I mentioned my last name but I didn’t know it will mandatory to show id proof at the time of examination. Cima not allows any body with single name. If you want to do cima . you have to a government id proof with first and last name. Sir please tell me CMA has also this type of requirements. CMA allows people with their single name..
Hi Joginder,
I believe the rule is the same for CMA, but it is a global certification and I believe IMA is happy to resolve the issue with you in advance (emphasis: has to be in advance). Regards, Stephanie
Hi Stephanie,
I have the gleim material for the cma and I was wondering what they want us to do when it comes to the “how to pass the cma exam: system for success” part.
They are telling us to do these multiple choice questions before we start studying. Is all that mcq practise and essay writing needed before I have even read the material? if you don’t know the material, isn’t that a waste of time and should be done after?
Thanks.
Hi Rob,
I know what you mean. I had the same feeling before. But I did try to follow whatever they told me to do, and it helps.
Let me explain.
I did get quite a few questions wrong given I’ve forgotten everything on the topic, but wasn’t as bad as I though. So it’s a good feeling. Also, the questions were like a warm-up exercise so I didn’t zoom out as much as I would have. Give it a try and see if it also helps you!
Cheers, Stephanie
Hi Stephanie – I did B.COM from Pakistan 10 years ago, have no practical experience in accounting. Currently working as business analyst for last 7 years for a manufacturing company, have experience in transfer pricing.
Based on that should i go for Gleim, if not, what do you reckon?
KR
Muhammad
Hi Stephanie,
Greetings from Dubai 🙂
I have both Wiley and Gleim study material for CMA Part 1. My experience is Gleim MCQ is much more comprehensive and difficult than Wiley.So MCQ I am doing from Gleim.However the theory(study material) in Gleim is very less compared to Wiley.l want to ask you if I read theory from Gleim ,is it enough to clear the exam.? TIme is certainly constraint for me as I have to squeeze time remaining after work and family. I have exam in coming Oct.
Regards
Vishal
Hi Vishal,
I know your question is for Stephanie but I also had a question.
If you found the Gleim material to be less detailed and the MCQ’s more difficult, would that mean for practise you recommend Gleim for mcq’s and essays?
Thanks.
Hi Vishal, you are exactly right. Gleim focuses more on practice questions and the format is designed in such a way that you learn by doing lots of them. While Wiley has more extensive explanation. It really depends on your learning style. For me I do think learning by doing is better. Hope it helps! Stephanie
Hi Rob,
For MCQ and Essays yes I felt Gleim is better but Wiley theory part is much more detailed compared to Gleim. Gleim theory part is precise and summarized version. I am not sure if studying theory from Gleim is enough to pass exam or there is risk of inadequate preparation .
Regards
Vishal
Hi Vishal,
I think doing both wiley and gleim is not a sufficient use of time from what everyone including stephanie is saying. It is better to practise the questions of one of the courses. I picked gleim because of superior reviews everywhere (not just here).
what exam are you writing first?
Gents – Rob and Vishal, may i ask if you guys have any background in accounting? It’s because most of the comments suggest Gleim for having some knowledge of accounts.
regards
muhammad
Hi Muhammed,
I have a background educationally in accounting yes (degree) but my job is not accounting at this time, it is more sales.
so yes I have a background you can say.
regards.
Hi Stephanie – I did B.COM from Pakistan 10 years ago, have no practical experience in accounting. Currently working as business analyst for last 7 years for a manufacturing company, have experience in transfer pricing.
Based on that should i go for Gleim, if not, what do you reckon?
KR
Muhammad
Hi Muhammad,
Thanks for your note. In the US, business analysts have exposure in accounting but I am not sure if this is your case in Pakistan. If not, ideally if you have a book on basic cost accounting, then study with Gleim, it would be the best.
If you aren’t sure, I encourage that you sign up for the Gleim free trial and see if you think it’s fine. Don’t worry about getting many practice questions wrong — we all do the first time — but whether you find the reading material sufficient.
Stephanie – I am actually working in London. I have a MA degree from UK uni in business & financial mgmt and BA role actually revolves around pricing, nothing to do with accounting. I feel that I do have basic knowledge of accounting from BCOM experience.
Reading comments from this forum it gave me impression that Gleim is better for those with some basic knowledge.
Many thanks Muhammad
Yes, I am an Economics major myself and I find Gleim pretty ok. I had exposure in accounting and audit through my job but the job itself was more in finance / strategic planning than in accounting. So I think you’ll be fine 🙂
Hi Stephanie, I had just 2 question:
why do employers choose or prefer to hire CMA’s???
In the various posts of accounting, where can a CMA certification take you. can you become a finance manager just by doing CMA?
Hi Noel, these are good questions. Employers value CMA because it shows the candidate with commitment to corporate accounting, not just accounting in general. Also, the syllabus is very practical, as you can see from Casey’s blog post here: https://ipassthecmaexam.com/why-cma-certification/
I also have a few more general reasons here: https://ipassthecmaexam.com/why-become-a-cma/
On your second question, you actually can be a finance manager with or without the CMA. The CMA’s value isn’t really on directly leading you to a job, although if your company has the tradition of hiring CMAs (such as the Fortune 500 manufacturing companies), it does help. In most cases it is more indirect, you know. Regards, Stephanie
Stephanie,
I am planning to sit for Part 1 in January/February session. Do I need to prepare the new 2016 syllabus or 2015?
Thanks,
Farhan.
Hi Farhan, if you get the online versions of the courses, they update it automatically for you. If you are getting the text book, the 2016 should also be out.
I usually ask everyone to get the latest version but since last year we had the big change, there are only minor tweaks in the 2016 syllabus. If you have the 2015 book on hand, it’s still good to use in my opinion. Hope it helps! Regards, Stephanie
Hi Stephanie,
Do you have any feedback on Becker study material for CMA
Thank you
Hmm, not really Hussein. I asked Becker but they haven’t been helpful. And so far I haven’t heard from any reader who bought it. Here is my page on Becker CMA Review: https://ipassthecmaexam.com/becker-cma-review-course/
sir
is it benifical to join any institute for cma coaching and f so than which institute. i should join ??
miles or edupristin
Hi Aman,
Thanks for your note. I usually don’t recommend local coaching classes, because I don’t know enough about their instructors. Please be aware that the instructor makes or breaks your learning experience but unfortunately instructors come and go, or move around between institutions.
Therefore, my general recommendation is the self-study online courses, because (1) the instructors are among the best you can find in the US (or anywhere); (2) the course is usually more affordable; (3) the local coaching class uses their materials anyway but add a mark-up.
I have a write-up here with more details: https://ipassthecmaexam.com/cma-prep-course-online-live-class/
This is only my opinion, of course. If you still prefer coaching classes, it’s perfectly fine but you just need to do a thorough research on the quality of the instructors.
Hello Stephanie,
I’m currently working in world reputed bank and my job is about DATA ENTRY, K.Y.C( know your customer) , A.M.L( anti money laundering)
So my question to you is that will I get cma certificate after 2 years If i work on this field as it’s not exactly an accounting job
Waiting for your reply
Thanks
Regards
Shrinivas
Hi Shrinivas,
May I ask whether your work involves only repetitive task (e.g. data entry as you mentioned), or does it include analytical work? In generally, you need a job that focuses on analytical skills.
Please refer to this page for details: https://ipassthecmaexam.com/cma-experience-requirements/
Regards, Stephanie
Hi Stephanie/All,
Thanks again for these resources. I’m wondering whether the review courses – especially Gleim – include actual teaching material/lectures so as to enable reviewers to learn in case one is a bit rusty/unfamiliar with some parts of the exam material?
Hi Fifa, yes they do have teaching materials and lectures. I find it ok even as a non-accounting major, but it is best for you to give it a try using their free trial (full access for study unit 1).
Anyway, let’s figure out whether you want to go for CPA/CMA/CIMA first 🙂 Regards, Stephanie
Hi Stephanie,
Are you aware of Gleim changing their prices in October 2015? They reached out trying to get me to buy in September because their review materials are increasing to $1200 for parts 1&2. It could be an attempt on the sales rep’s part to reach monthly target but I wanted to check as it could be more beneficial to buy parts 1&2 together if it’s true…
Fifa, it’s true I am afraid 🙂
I’ll update my page on Oct 1. Cheers, Stephanie
Hi Stephanie,
does this affect the people who bought the material before?
is it the same curriculum?
thanks.
Hi Rob, if you are referring to the price change, no impact (except the fact that you get updated materials for 2016). I don’t think there is major change, no worries. Regards, Stephanie
How are you. I am going to study CMA and have little knowledge of accounting not much as studied in college long ago not much. Can you advise me which course is better for me, Gleim books will be enough along test prep or should I buy Hocks books with questions. Your advise.
Hello Sadaf, I generally still like Gleim a bit more, but I encourage that you sign up for their free trials and see if you can follow the study unit. You get full access of study unit 1 with the free trial (no time limit): https://ipassthecmaexam.com/go/gleimcmafreedemo
hi every one
i entered to the exam but i didn’t pass because of 2 % i study using gleim and answer its online questions and also answer hock questions when i enter the exam i found new types of questions which i didn’t see it before by other mean i didn’t see its idea to solve it
now i need your advice to use another material or something to prepare my self to enter the exam again
thanks
Hi Ahmed,
Sorry to hear that you didn’t pass but 2% short is very close. I’m no expert but I’d argue that preparing for a retake with Gleim/Hock would be the best use of your time and money since e.g. Gleim gives a pass guarantee (depending on the type of service you purchased, of course). Be brutally honest with yourself re your understanding of the material, perhaps give your Gleim counselor feedback and try to figure out the prevalence of the new types of questions – was it 10, 20, 30% of the total exam questions?
Also keep in mind that sometimes new/future question types are snuck into exams but often make up a very small proportion so shouldn’t impact performance significantly. I’m not sure whether this is the case with IMA, just speaking from past experience. That’s my two cents’ worth. All the best, I’m sure you’ll nail it next time!
Hi fifa or Stephanie,
Would you say the questions on the real exams are completely different then the prep course questions?
prep course questions are fairly tricky themselves.
Thanks.
Hi Stephanie,
First off a great job your doing out here, much appreciated 🙂 . I am picking up on my CMA pursuit which had been left undone since 2013. I plan to test level 1 in Jan’16. My question is can i use my Wiley IMA study material as of 2013 or is it outdated and undergone significant changes?
My plan is to utilize the Text book, Learning outcome statements and the online test bank of WIley. Any recommendations/ suggestions are much appreciated.
Thanks a ton in advance !
Hi Seher, yes 2013 materials is quite outdated as there has been a substantial change in the 2015 syllabus. There is one new section in Part 1. You can check out this page for details: https://ipassthecmaexam.com/new-cma-exam-changes/
Regards, Stephanie
Ohh alright. Thanks for the information once again 🙂
is the canadian cma have the same materials as the cma(us) like can i study from hock or gleim for the canadian cma ? plz i want answer cause iam looking forward to take the cma (canada) and i cant prepare myself before i go there ty
No I am afraid not Adam. Please check out the local review courses in Canada. Regards, Stephanie
Hi Stephanie,
Thanks for providing a comprehensive review of CMA course providers.
I have noticed that criteria you have used for evaluation are number of practice questions, money back guarantee etc. which I am sure a student looks for while choosing a course provider.
The first criteria in the evaluation / review table is – “IMA Licensed / Strategic Partner”.
I would like to know from you as to why whether a course provider is “IMA Licensed / Strategic Partner” or not should matter to a student while choosing a course provider. In other words how a student benefits from this IMA Licensing / Strategic Partnership a course provider has.
Hi Anil,
I see the endorsement and special partnership a stamp of approval from IMA. In other words, IMA is satisfied with their products and service overall, which tells me that they can’t be too bad. There are many factors to get this status, including how big the company is, and whether the owner has good relationship with IMA etc. Those without the partnership doesn’t mean they are not good, but we as customer don’t have that extra level of comfort.
The two providers that have this special status (Gleim and Wiley) also have free trials plus other great things about them, so that’s why I give my general recommendation to them. Regards, Stephanie
Hello Stephanie,
I have enjoyed using Gleim materials. However, it seems as though their Review has increased very high in price (even with IMA chapter discounts)! I do not have the option of requesting my employer to pay at this time, so I will be paying for all of my materials. Do you think one could be successful with their books and test banks alone (from Gleim still)? What do you suggest?
Thank you,
Nisa
Hi Nisa, yes I also noticed that they hiked up the price quite a bit. They did put an investment in a big upgrade (e.g. the online study planner and the instruct video series) so understandably they won’t offer the same price as before.
The materials are pretty good before the investment and now with that it’s even better. So yes, I still recommend Gleim (note that Hock also increased its price, and Wiley has been expensive anyway).
If budget is a concern you can consider getting the traditional version, which is more or less the one before the investment. It’s priced at $944 if you click through the discount button on this page: https://ipassthecmaexam.com/gleim-cma-review/
Hi,
which chapter in gliem part 1 and 2 did you all find the most tricky?
This is to all working with Gliem now.
Hi Stephanie,
I was wondering if you are planning on making a CPA website as well with the review courses for that? It would be informational to see a review course comparison for that as well.
Thanks.
Hi Rob, I do have a (much bigger) CPA site here: http://ipassthecpaexam.com/
And the review course comparison is here:
http://ipassthecpaexam.com/cpa-exam-review-courses/
Hope you find it useful! Stephanie
Hi Stephanie,
You are really so helpful.
We all thank you so much.
I only wish I was younger and able to finish all this study (CPA/CMA) in my 20s. That would have been so perfect. good old Hindsight right?
thanks.
Yes 🙂 but you can still do it! I’ve got readers who are taking the exam (mostly CPA) in their 60s and 70s. Regards, Stephanie
Hi Stephanie,
I see that of the 5 CMA course providers you have reviewed, only Gleim has a Personal Counselor available to students . I have couple of questions on this.
1) Do these counselors help only to work out a study plan OR help if the students who find certain practice problems difficult to understand and approach Gleim.
2) If Gleim helps students who approach them to understand study material and difficult practice questions, what is the normal turnaround time? Also is this service available over toll free international telephone number as well as by mail.
Hi Anil, CMAexcel has access to the professors as well but it is a bit less direct.
For Gleim’s personal counselor, they send you some reminders and also very willing to take questions. They aren’t part of the technical team though, so you can expect them to be the customer service rep and they will forward your question to the technical accounting team. I think the turnaround time is reasonable, maybe a day… it depends on the situation and time difference. As far as I know everything is done via email. I don’t there is a phone line (let alone toll free)… not sure anyone would provide that.
Hello, Stephanie ng
I am from india .you can sent me a sample question paper of both part.
Hi Imam, I am afraid I do not provide sample questions. You may want to sign up for the free trials from CMAexcel and Gleim (links above) to get some of those. Regards, Stephanie
hello,Stephanie ng.
any financial institution provided loan for CMA course in India.can you tell me?
Hi Stephanie,
This is regarding the changes brought about by Wiley, Gleim and Hock in their new 2016 edition text books / study materials.
I understand from your post that Gleim has introduced new instructor videos and updated online study planner.
Can you please tell us what changes have been introduced IN THE TEXT BOOK / STUDY MATERIALS in 2016 provided by these providers. I believe in 2015 beginning when new syllabus was introduced the text books / Study material went for major changes. Now in 2016 with syllabus remaining the same I am curious to know what new things these providers have introduced in text book / study materials.
Hi Anil, I am in the process of double checking with them, but I believe the changes from 2015 to 2016 are minor. There are always some adjustments, due to some syllabus changes from the IMA, and more likely on how review course providers adjust the content based on what they see in the new 2015 format.
Why have you not mentioned about Becker review course?
Is it not good?
Hi J B, Becker stopped their CMA review course in 2006 and has recently relaunched it with a partner (I believe this partner provides the content of the course). So far they have been unwilling to share information with bloggers like me. It doesn’t sound right that they are not confident enough to provide the very basic information on the course in public domain. Because of this I don’t think I’d recommend them in the near future.
I understand they are providing big incentive to encourage sign up, but if I were a candidate, I would rather pay a bit more for a well established review course.
I do have a writeup on my experience so far: https://ipassthecmaexam.com/becker-cma-review/
I am interested in buying gleim cma test bank now the question is,it valid for how many months?
thankyou
Hi Trilok, students have access to the CMA Review System (including the practice questions) for 18 months, or until you pass as long as you fulfill their requirements.
I got the Gleim books for both parts from my friends and are the latest books too. I mean I do have only the text books, I don’t have any test preparing software or video packs. Would you advice me please on how to proceed? I guess I need the model questions and test preparations. Which one is providing questions alone.
Hi Stephanie,
This is regarding support package available to students for download at imanet.org for 6 months from the date of their registration.with IMA.
Does the support package mentioned above undergo change every year? If yes, will the NEW support package be available for download from 1 Jan 2016 onward?
Hi Anil, I can’t really check but I think they are pretty much the time. Given there isn’t much changes from 2015 to 2016, I wouldn’t worry about it. Anyway, you can rely on any updates through your review course provider. Regards, Stephanie
hi,
I have a a question regarding the best studying strategy for the CMA.
I have gleim materials btw. Do you think that doing more MCQs and keep practicing and learning from my mistakes there better than spending too much time memorizing understanding the book/theory? It is like working in reverse. Rather than reading/memorizing the book/key points which takes a lot of time to perfect, I would go thru the MCQs one by one, try to understand what is the question and maybe go back to the relevant point in the book and so on.
What do you think? do you have experience with that? I am trying to be ready for part one in the best way possible.
thanks,
Shakir
Hi Shakir, sure, that’s actually my preferred way because it’s more efficient. It works if you have basic knowledge in accounting. If there are areas that you totally bomb, you may need to read the section of the review materials. If you get 50% right, you don’t really need to spend much time on the reviewing in my opinion. Just keep reworking on the questions and make sure you read the explanation. Regards, Stephanie
Hi Stephanie,
In the comparison table of course review course providers , you have mentioned GLEIM as IMA Licensed / Strategic Partner.
At the below link, which I believe is a official Wiley website, a comparison of review course providers is given. As per the information given in the link ONLY Wiley CMA materials are IMA’s official CMA prep materials. The link is:
http://www.efficientlearning.com/wileycmaexcel/why-wileycmaexcel/competitive-comparison/
This leads to the question…. How can one be sure who is IMA official partner?. Does IMA in any public domain mention who their official partners are?
Hi Anil, Wiley is officially endorsed by the IMA because the CMA learning system (the books) is originally developed by the IMA until 2013.
Gleim is the strategic partner of IMA. I honestly don’t know what exactly that means but I understand that they’ve had joint promotions before.
In any case, “official” partners don’t get to take a look at the actual exam questions so they don’t have advantage of that. It’s more like a stamp of approval from IMA showing that their products and services are up to a certain standard. That’s also one of the reasons why I generally recommend either of them as well. Regards, Stephanie
This question concerns reading list suggested by IMA for CMA students. The link to the suggested list is:
http://www.imanet.org/docs/default-source/default-document-library/suggested_reading_list_2015.pdf?sfvrsn=2
I have two questions pertaining to this:
1) How often you have come across students who refer these books to pass the CMA test?
2) In your opinion, how helpful are these books for passing the test?
Hi Anil, I send this list to those who don’t have background in accounting. If one has even the basic knowledge in accounting, I don’t think he needs the list. Just focus on the review course. It is the most efficient way to get the exam done.
If you want to actually learn about management accounting thoroughly instead of simply passing the exam, then the reference books can be useful.
Hello Stephani
I am planning to take part 2 late Feb , I studied via the gleim CMA txt book 2015 and MCQ 2015 , and was wondering do I need to look at the 2016 text book or not a must , also is there a huge difference in the MCQ Bank ?
Hi Mohamed, only small difference. I will try to write a quick post on that but for now, don’t worry about it 🙂 Stephanie
Hi Stephani
This is really a good comparison and I must admit, you have put it really well. It’s crisp though.
I am just trying to figure out what would work the best for me.
I am looking for a nice book (it would be better if I could have a hard copy as well as the online version) with all the concepts and lots of practice questions.
I don’t have a lot of knowledge in Accounting and manage to just follow the basics but find it difficult to solve problems in real time. But I am really inclined towards the CMA for many reasons.
Would you be able to advise on the best package that would work for me? I am not looking for the most expensive option here.
Also wanted to understand, how are the packages that are available on Amazon any different from what’s being shown here (There is a huge difference in the cost though) ?
Thanks in advance for your help, would really appreciate your response as I want to start early .
Regards
JAS
Hi JAS, thanks for your note. For books I believe either Wiley Learning System or Gleim have physical copies but you’ll need to pay extra for postage. For questions, they are available electronically simply because the exam itself is computerized. If it is presented on paper, you will never learn how to time yourself and use all the functions on screen.
On Amazon, I am not sure which package you refer to, but if the difference is big they may be the “how to” books instead of the ones teaching exam content and with questions. Just make sure you pick the correct type of books. From what I know, you can get Wiley Learning System on Amazon but not the other major providers. There might be second hands — if so you must pick the one for 2015 or 2016 because there has been a big update in 2015. Regards, Stephanie
Hi Stephanie,
What are your views on RIGOS Self study CMA review course ?
Hi Anil, hmmm, I have a page but honestly I’ve never heard anyone using it: https://ipassthecmaexam.com/rigos-cma-review/
I am using Becker CMA… Is it helpful
Hi Shameem, as long as you feel comfortable with it, it is going to be helpful to you. It’s hard for me to tell as they don’t give much info out to the public about their product. For other readers’ information please check out this page: https://ipassthecmaexam.com/becker-cma-review-course/
how much is the complete course fee for CMA? can someone explain me in detail with respect to Miles institute.
Hi Osman, maybe you can call up Miles to figure out their pricing structure. I don’t try to list their price because they may have coupons, discount codes and changes from time to time. The above is the price for self-study courses. Regards, Stephanie
Hi Stephanie,
This is really a good website especially for those people, like me, trying to learn how to start reviewing for the CMA exam. Please help me choose the best option to study for the exam. Would it be better to do the online review course or buy a hard copy or both? with the one with lots of practice questions that might come up to the exam itself. I would really appreciate your recommendations. Thank you
Camille
Hi Camille, glad you find this site helpful. I generally recommend online study, because (1) it is easier to digest all the stuff in the syllabus (if you see how thick the text books are, you’ll know what I mean), (2) you can easily identify the weaker areas and work on them accordingly using the built-in performance tracking system; and (3) the exam is computerized anyway, so why not practice in the same format.
Having said that, there are readers who find it easier to read a book, because they don’t have stable internet connection or their eyes can’t bear staring at the computer for too long. If you don’t have this problem, I encourage you sign up for the two free trials available above (Gleim and CMAexcel). They are really free with no strings attached. It is the best way to see if you like it enough to get it. Regards, Stephanie
Hi Stephanie,
Some of the instructor led live classroom sessions / webinars conducted for CMA course by some private instructors cost ALMOST the same as the price you have mentioned in your review.
Do you think it is better to enroll with these private instructors , given the fact that these people provide the above mentioned self study books as part of package along with facility to attend their classes / webinars ? May be these instructors are able to cover their cost and still make profit by buying the review books from the publishers at deep discount.
Hi Anil, quite possibly. But then, if you are talking about self-study books, then it is not apple-to-apple comparison because the ones listed above are full courses with online guidance / video instructions, online practice questions and performance tracking. You don’t need the video instruction if there is a private coach, but you do want the online practice questions.
Although quite rare, I do receive emails from readers complaining about their private coaches giving them outdated review books and without the practice questions. That explains the pricing. As long as it’s quite certain that you will be getting the latest version of review materials PLUS the online practice questions, it’s good to go. Good luck! Stephanie
Hi Stephanie,
Greetings
Hope you are doing well. This is Waqar from Pakistan, I am from Accountancy field already having CA and CPA (Pak) and I am planning for CMA (US), I already have the books and materials of Gleim 2015 edition, just want to ensure that how many changes have been made for 2016 course?
Could you pls help me regarding the changes made in 2016 edition.
Regards
Waqar
Hi Waqar, it’s always the best to get the most updated materials, but as far as I know, there are only little changes 🙂 Stephanie
Hi Stephanie,
I got CMAexcel Learning system exam review books for 2 parts, but I don’t have any software or exam preparation/question banks for practice, so what I need to do for getting the mock exam preparing tools alone.
I am planning to register for CMA exam after preparing a little bit.
Hi Stephanie,
I got CMAexcel Learning system exam review books for 2 parts, but I don’t have any software or exam preparation/question banks for practice, so what I need to do for getting the mock exam preparing tools alone.
I am planning to register for CMA exam after preparing a little bit.
Hi Mohammed, but the book should include the online test bank, or did you get the books from your friend or second-hand? If so, you might want to separately get some online practice questions from other providers. Wiley doesn’t sell their CMA test bank separately. The online practice question is a critical part of the studying in my opinion given the exam is 100% computerized. Regards, Stephanie
Hi Stephanie,
Thank you for your quick reply and really appreciated the effort you have been putting on. Yes, the Wiley’s study material is from one of my friend, he gave me the 2 part text books & he have his online access/online practise questions to another friend. Today i came to know from one of the CMA certified institute in Dubai, as a promotion CMA is waiving off membership fee of 235$ & the annual membership fee for 2 years are also waived. The offer expires on 8th Feb 2016. So i am planning to register CMA by paying the entrance fees of $240 to avail this offer. Now my question’s are:
1. Whether there will be a big difference in paying fees through IMA online window & Paying fees through CMA partnered Institute.
2. How you feel about this offer, is it a genuine offer? Can i proceed further ?
3. CMA partnered Institute is conducting weekly CMA classes which covers 36hrs for each part. Training Charges after deducting Wiley text books is $670. And they are offering that they can give online practice questions access in this package but my question is :
Can i get online practice questions alone on internet below this cost, which provider is best in this field & Can i prepare myself with the materials without attending the training classes.
Hi Mohammad, thanks for your sharing.
1. I don’t know how much the institute is charging you, but here is the one if you apply directly through IMA: https://ipassthecmaexam.com/cma-exam-fees/ You might want to check out the IMA Middle East facebook and see if they have any discounts on membership.
2. It is possible that the institute partners with IMA in some kind of a deal as IMA wants to rely on them to promote CMA in the region. But then, I can’t generalize and speak for all these institutes. I am sure some are better than the others. You can double check with IMA and see if this offer is legitimate.
3. The quality of live classes varies greatly as it depends on the quality of the lecturer. If you get someone like Amani (our blogger who is now a lecturer in one of these institutes), then I am sure it’s great; but I’ve also heard of some totally useless lectures.
I’ve covered this topic here: https://ipassthecmaexam.com/cma-prep-course-online-live-class/
The important point is to check the reputation of your instructor.
Good luck! Stephanie
Hi Stephanie,
If one’s university is not accredited university, the transcript of graduation is to be evaluated by an independent agency.
There are lots of independent agencies and their charges for evaluating is not same.
1) Please let me know the best agency to go for having regard to agency’s fee, service quality and time taken by agency to complete the work.
2)The report given by these agencies are mainly of two types.What kind of report one should go for? . Should it be The General Evaluation Report (Basic report )or The Detailed Evaluation Report (comprehensive report)
3)Will the report go directly to IMA or the agency will give the candidate the report and the candidate has to pass it on to IMA?
Hi Anil,
I have this page (for CPA exam candidates) that explains how evaluation agency works. I believe this applies to your case as well, but since the vast majority of CMA candidates don’t need to go through this step (myself included), I am not exactly sure about the process. It is best to double check with IMA after your research.
http://ipassthecpaexam.com/foreign-credential-evaluation/
Excellent review by Stephanie helped selecting the best course. Stephanie please i need urgent advice needed as i am scheduling my exam date in prometric website and it shows appointment time starts 1:30 pm appointment time ends 4:30 pm. I am very confused as exam is 4 hour but on prometric site it shows 3 hours. Is this ok and i go to button complete appointment or this is not normal.
Sorry my mistake because of study 10 hours a day my mind getting tired so didn’t read correctly sorry. it was not 4:30pm but duration 4:30 hours. Sorry again
Haha Zohaib, no worries! But you might need a break 🙂 Stephanie
Hi Stephanie,
Please let me know whether audio files sold by some of the CMA review providers have
a) only concepts explained OR
b) concepts as well as numerical examples explained.
I am asking this because I believe these are the files which a student is expected to play while driving to work, jogging etc.
Given that most topics have some numerical calculations :
1) Is not it difficult to follow when a numerical examples are explained in audio ? In a video one can see those numbers, see them in tables sometimes and get the whole picture which may not be possible with audio
2) While traveling , jogging it may not be possible to concentrate on numerical examples explanation.
Some concepts are better understood when one sees flow charts, diagrams , graphs etc..
Having regard to above how useful you think are the audio files for study purpose?
Hi Anil, this is a good question. I didn’t listen to the entire audio review, but as far as my testing goes, they pretty much cover the concepts with explanations. As you rightly pointed out, it is hard to present examples with complex computations. In my opinion, the audio review is most useful for those who’ve learned the basics and want to make sure the concepts sink further in, not really for learning new brand materials. Regards, Stephanie
Hi Stephanie,
1) Please let me know where I can find Instructional VIDEOS , other than youtube, for using BA II plus calculator which covers CMA Topics
2) Are there any source DOCUMENTS available online, other than instructional manual that comes with the calculator,which one can refer to for using BA II plus calculator which covers CMA topics?
Hi Anil, sorry I don’t have that. Typically Youtube or the manuals are good enough. BA II plus shouldn’t be that difficult to figure out? Or you can tell us what issues you are having? Regards, Stephanie
Hi Stephanie,
Thanks for your reply.
This is regarding calculating standard deviation (SD) when BOTH possible return and probability percentage of occurrence is given.
There are many youtube videos available which show how to calculate SD but not when BOTH possible return and probability percentage of occurrence is given.
That made me ask you the earlier question.
Thanks Anil… haven’t come across such video clips though. Regards, Stephanie
Hi steph,
i think i speak on behalf of everybody when i request you to maybe write a reveiw of Syllabus of Year 2016 & any course material changes or inclusions/exculsions in Books of 2016. A Short summarized version if not a Detailed review.
We would highly appreciate your kind attention to this request.
Hello Shahrayar, sure, the changes are minor but I should have them spelt out. Currently asking the Gleim Team and other providers to give me the updates. I will have something to show everyone shortly. Thanks! Stephanie
Hello,
I’m debating on either Gleim or CMACOACH.com. Have you come across any comments on the CMACOACH.com?
Looking forward to the reponse on this one.
Since i have come across CMAcoach.com as well.
& by looks it seems to be compelling.
Hi guys, sorry to reply a bit late. I was trying to write a new post on this instead of just giving you short answers here. Please find my preliminary analysis. I should have a more detailed and refined version in a few days: https://ipassthecmaexam.com/cmacoach-cma-exam-academy/
CMA coach by nathan liao is a good website to know more about CMA and learn the pros and cons, comparison between CMA providers.I enrolled into CMA EXAM ACADEMY in 2015 . classes are pre recorded one and its quite good to understand .you can play these videos download them at your convenience .the academy follows wiley text book and provides free personal guide on how to study CMA. most of the topic are 25 to 40 min videos.you can mail nathan if you have any questions regarding problems or any thing related to the subject he will respond with in 24 hours ,depends on the time variation between regions.Now he is developing his own CMA text book material ,will be out soon. there is a free seminar in CMACOACH.COM you can subscribe and see for yourself.
Thanks for your sharing RRahim! Stephanie
sir i have completed my graduate and CA IPCC also but am very poor in mathematics. can i clear CMA in my first attempt.??
Hi Mahesh, it’s hard to generalize but many readers here with varying background can pass on their first or second attempt. It is doable, but it requires a lot of time and dedication. Regards, Stephanie
stephanie,
I ve got 2015 wiley text book and 1 year access online test bank has expired recently . which test bank would you advice me gleim,hock or wiley itself.how long is the gleim test bank valid?
Hi Riyaz, I suggest that you keep studying using the Wiley book. Since Wiley doesn’t sell test bank separately, you can get a set from Gleim or Hock. For practice questions, Gleim is better in my opinion. Regards, Stephanie
Hi Stepahnie,
I have the Hock CMA book July 2014 version. Do you think I need to get an updated version or I can still study using the old one.
Thanks and regards,
Hi Mohammad, there is a substantial change in 2015 with around 10% of new/changed content. You can check out this page and decide whether to get a new one. You should in my opinion.
https://ipassthecmaexam.com/new-cma-exam-changes
Hi Stephanie ,
This is Abhijith from India.
I bought CMAexcel Learning system books in January 2015 but I was unable to start preparation in 2015 due to some family issues.
Now I’m planning to restart the preparation. Here I have two doubts..
1. Can I write exam in 2016 by studying 2015 study material…?
2. Is it possible to activate the online access key after one year from purchase (key not yet activated or registered)..?
Kindly help me by answering..
Hi Abhijith,
Thanks for your note. On your questions:
1. There is no change in the syllabus but CMAexcel has made improvement to its materials. You can decide accordingly: https://ipassthecmaexam.com/2016-cma-exam-changes/
2. If the key is not activated, you should still have your full year access, starting from the day you activate the PIN. Better yet, you won’t need to worry about your question 1 because it will show the latest version 🙂
Best of luck! Stephanie
Just wondering if I need to be concerned about what state I take the exam in. I have not begun studying for the exam yet. I currently live in Ohio, but will be relocating to central Virginia by the end of 2016. Can I start the Gleim course now and take the test in Virginia? As you can see, I’m in the early stages of researching! Actually, I am still confused about whether I should take the CPA or CMA. I have no interest in public accounting–that’s why I am leaning towards the CMA.
Thank you for any advice you can offer.
Hi AbbyR, there is only one administrator called the IMA. You register with IMA and then you can take the exam anywhere you like, even in other countries. In this aspect the CMA exam is a lot more flexible.
For CPA vs CMA, I have to say that CPA is more versatile, and that it can lead to various opportunities beyond traditional accounting. But then, I personally find the CMA exam content more interesting and it is a more “cozy” group, so in terms of staying in the niche of management accounting and networking it could be a pretty good choice.
I have this page that you may find helpful: https://ipassthecmaexam.com/cma-vs-cpa/
Hello,
Does the Gleim premium review come with a hard copy of the book or only an online copy?
Hi JC, I believe you need to get it arranged separately. There may be shipping cost depending where you live. Regards, Stephanie
Hi Stephanie,
I have Gleim review material. I believe it is the best out there for those who self study. My question is, do you think I need a supplement of MCQs from another review provider or you think Gleim is good enough? I’m debating weather to get the online test back of wiley to supplement what I have in Gleim.
Another thing, I have trying to find an answer to this question, which is, do you/anybody who used gleim think that the actual exam MCQs are relatively/ easier or harder than the practice MCQs in Gleim test bank?
What about the length of MCQs in the actual exam? are they similar to Gleim where some Qs are so long in the wording?
hope to get your insights or anyone who used Gleim and attempted the actual exam.
Thanks
Hello, I believe for the majority of candidates Gleim is more than enough. I would make the full use of it instead of spending money on other test prep. Having said that, it you do find the need later on, it’s totally fine to get supplementary (for test prep only, not the entire course because it would be quite confusing). Regards, Stephanie
whether* bank* sorry for the typos
Hi Stephanie,
I’m interested in the Gleim CMA review course. Do you know if I can use it to count towards my 120 CPE hours reporting for my CPA (I have a CPA license)?
Also, does the CMA exam (2 parts) counted towards my CPE reporting too?
Thanks,
Bea
Hi Bea, on whether Gleim can be counted towards the 120 credit hours, I don’t think so but you might want to double check with Gleim. Maybe if the Gleim course is offered in some universities, it can be counted. Same for CMA exam, don’t think so but you can also check with IMA by emailing them. Regards, Stephanie
HI Stephanie, I have some difficulty understanding a certain part of the essay question asked in cost variance topic, can you help me witht he same am referring to Gleim text books
this is on Page 368:
for the material yield variance please can you help me understand how for expected quantity you get 50,000 gallons, this has something to do with the 20% loss but am not able to understand how you arrive at 50,000 as expected quantity
Hi Noel, it would be the best to contact your Gleim personal counselor on this. They are generally pretty helpful. I am not hired by Gleim, you know 😉 Stephanie
Becker vs Wiley,which is better for CMA and why?
please advice.
hi Rohan, my recommendations can be found in the above. If you don’t see a name there, it means it is not on my recommended list. Here is my writeup on Becker for your info: https://ipassthecmaexam.com/becker-cma-review/
Regards, Stephanie
Hi Stephanie,
I just enrolled for the CMA and planning to take the Part 1 sometime in October this year.
I have few questions, hope you can help me with them.
1. I have downloaded CMA Exam Support Package pdf which consists of the Practice questions. Is that all the material provided by IMA ? I was expecting more of a textbook style material. Just wanted to make sure that i did not miss any of the material that they are providing.
2. I’m interested in Gleim and Wiley review systems. Do Gleim/Wiley provide text books style material with the underlying concepts. I see that Gleim has “Online Review and Books” and Wiley has “Full Textbook” listed.
Would these be sufficient for CMA prep or do i need any additional reading.
Appreciate your help !
Best Regards,
Deepak
Hi Deepak, thanks for your note. On your questions:
1. I am afraid that’s all you get (for free). IMA expects you to pay for the officially endorsed Wiley CMA Learning books separately, but you have a choice to get the others, which leads us to your next question…
2. They are all designed to cover the entire syllabus, given there isn’t much officially from IMA. Wiley has two products — the “CMA Learning System”,which is just the text book and practice questions, and the “CMAexcel” which is a full review course with videos etc, and this package is comparable to the Gleim CMA Review System.
3. It depends on your learning style and prior knowledge, but I generally recommend the full review courses so you don’t need to worry about not getting sufficient support.
You can click on the links above for a more detailed discussion on each provider. Hope it helps! Stephanie
Thank you for your guidance !
Best Regards,
Deepak
🙂
Stephanie,
Thanks for your site. A much needed service, indeed. Please take a moment to answer my questions.
I just very recently started looking into the CMA designation and was expecting a sort of “curriculum textbook” for the CMA (similar to the CFA), but apparently there is no such thing as a standard body of reference. In fact, I thought developing such common framework is what the IMA is all about. Instead, I found a recommended reading list of various accounting textbooks on the IMA website, and the third-party providers you compare here all have some sort of written study notes available.
1) Is my assumption correct that there is no standardized curriculum?
2) Which provider has the most in depth written study material? I really don’t care about video/audio. My approach is quite old-fashioned I guess.
3) Should any of the textbooks from the reading list be purchased for preparation and if so, which single one is most comprehensive / helpful?
Thanks.
Hi Chris, thanks for your note. On your questions:
1. There is actually an IMA officially endorsed study material but it is provided by third-party (Wiley) and you have to pay extra for it. In any case, the Wiley guys don’t have access to the exam questions so there is no advantage of getting Wiley vs others in this regard.
2. The Wiley book I mentioned in 1 (known as the CMA Learning System) is the most in dept written study material in my opinion.
3. I don’t think the text books are necessary. The only thing you may need is an extra set of practice questions. Gleim’ set is “tougher” and cover more out-of-the-blue areas, but there are people who pass with Wiley books + practice questions alone.
You can click on this link for more info:
https://ipassthecmaexam.com/wiley-cma-learning-system/
Hope it helps! Stephanie
Hi Stephanie,
Thank you for all the useful information and advice on your website. It is great tool and source of comfort for me as I undergo the CMA process!
I used the Wiley System in conjunction with a review course at a university to prepare for Part 1 exam. I spent an additional 5 months after the class prepping for the exam and found the test bank to the most useful tool in retaining and understanding the CMA Part I material. I also found that I did better with self study than the review course that was moving at a quick pace, and I needed more time with each subject. The questions on the CMA exam were much more complex than I was prepared for using the Wiley materials. Fortunately, I passed the part 1 exam on my first try and now am considering switching over to Gleim program. From your comments, I understand that Gleim offers a more challenging test bank, but how are their textbook study materials in comparison to the Wiley text book? Do you recommend making the switch between programs?
Thank you, Celia
Hi Celia, thanks for sharing, and congrats on passing Part 1! Gleim’s text is written in a slightly different style — they have changed quite a big but may still look a bit dense, but overall, it shouldn’t be a difficult switch. As long as you use only one core study materials at a time, should be good.
I suggest that you sign up for Gleim’s free trial and see for yourself whether it’s a style you like. If not, you can always get Wiley still and use Gleim test bank as supplement. Cheers, Stephanie
Hi Stephanie,
I am planning to write the CMA exam in oct 16. I’m as new to CMA as one could be. I didnt even know about this certification 3/4 days ago. I had heard about CPA though. However, I have Masters Finance from the US and passed CFA level-1 a few years ago. I am low on budget and I’d have preferred to buy used books online.:) However, it looks like that’s not an option as IMA recently changed the syllabus/patter of the exam. Alternatively, here is what I am thinking- buy Hock Text Books and Questions for Part2 (As suggested by your site I’m going for the low hanging fruit, part2, based on my CFA background) for $299. I’m hoping as long as I can hit +75% on all my end-of-section quizzes and mock exams, I should be good to go. Am I right or am I underestimating the CMA exam?
Also, I am thinking of using same Hock $299 material for Part1 and appear for the exam after I can hit +75% on quizzes and mocks. I studied Financial Statement Analysis and Fin Planning duirng my masters. So, do you think this will work for part1 too? or I will need Gleim?
I am using 75% benchmark as Hock for their $999 course provide ‘you pass or we pay’ guarantee for students who can hit 75% on quizzes and mocks.
Thanks and your site is incredible gift for CMA aspirants.
Hey Nina,
Thanks for your note, and our warmest welcome to the CMA community! Hock is good! I chat with Kevin (Hock) occasionally and he’s been helping vetting some pages of my site. $299 is a really good deal. I would aim for hitting 75%+ as you said, but if you really want to pass on first try, I’d work towards 100% (this simply means you try to get every question right at least once).
The only thing about Hock is that I am not sure how their practice questions is now. Not that I heard anything bad (no worries). It’s just that I haven’t reviewed them recently. So try to work harder on what you have on hand, just to make sure.
Taking Part 2 first is a smart decision; I would do it myself. Good luck and let us know how it goes after Oct 16!
Hi Stephanie, Thanks for your quick reply. As you highlighted here and in a review in another post, Hock’s practice questions is my main concern with them. I’d any day trade top quality question bank for quality of material. That’s how I learn.
1) Do you think even 100% accuracy with Hock will be good enough too ensure I pass on the first try?
2) Are there free diagnostic tests available on wiley and gleim? Once done with Hock, I can just take these free tests to judge my preparedness before I take the real exam.
Thanks again
Hello, Nina, people do pass with Hock, no worries.
For the diagnostic test, Gleim at least has one available but it might be designed for those who are about to start, i.e. not exactly for your purpose. But give it a try anyway. Another option is Exammatrix which has lots of practice questions and they feed you the ones from your weaker areas first. It is another hundreds of dollars though… just to let you know.
Susan has a recent blog post on Gleim diagnostics with a link: https://ipassthecmaexam.com/cma-diagnostic-exam/
Hello Stephanie, I’ll take a look at exammatrix. Thank you and hope you’re having a great weekend.
Hi,
I am B COM /MBA graduate interested to do CMA.
Please help me out to answer some of the queries:
1) which is the best material you suggest with all your experience?
2)what is the normal time taken to complete the study of CMA part 1 ?
3)will self study apply to my studies with the above attached qualification?
4)after the registration when can i attend the exam (part 1) ?
looking forward with your replies……
Regards…
chinnu
Hi Stephanie,
I have more experience in forecasting and budgeting than accounting. After testing the free demo from Gleim and Wiley, I am thinking the Gleim review would be best for me, but was wondering if you might know of a good supplementary accounting book or resource in case I need it?
Thank you,
John
Hi John, I think you should be ok with Gleim. If there are concepts that you don’t understand, I would try watching videos from YouTube or Khan Academy.
If you prefer text books, IMA does have a recommended reading list which serves your purpose well: http://www.imanet.org/docs/default-source/default-document-library/2014_q4/default-document-library/suggested_reading_list_2015.pdf
Hi Stephanie,
Good day to you, thank you for all this reviews. I intend to take CMA this December and do the part 2 in January, i enjoy learning by watching videos and question practice, which review course would you recommend for me. I already have ACCA so i understand Accounting concepts pretty much. i pretty sure i can pass both exams in the same window if i have access to the right video lecture.
Hi Azeez, I like Wiley CMAexcel’s video the best, but overall finds Gleim more suitable to my learning style because of the better practice questions. You may want to sign up for the free trials for both, and see for yourself which one suits you the best 🙂
Please click on the respective logos, and from that page (which talks more in depth about each provider’s pros and cons), you may sign up for the free trial at the bottom of that page.
Hello Stephanie,
I am new to the CMA USA course. If I were to compare the following study material i.e. Wiley Package / Hock / Rigos which would be the one to pick…
Would like to consider the content along with the price
Thanks
Zenoh
Hi Zenoh, the chart above pretty much says it all? It is a holistic consideration including the price.
Hey,
I am an Indian. What should I do to earn a CMA(US) title and also earn ICAI membership through MOU?
Hi Sarath, if you are to take the CMA first, then as long as you take the CMA program outside of India, it should work. Here is more info: https://ipassthecmaexam.com/cma-ima-vs-icwai/
Anyway, I see that you asked questions over there so I assume you’ve read it.
I read somewhere that part of the Experience requirements is to work under a CMA for at least two years. Is this accurate? I didn’t see this on the IMA website anywhere but I wanted to be sure. I have been in accounting for over 10 years but never worked with a CMA…
Hi Jacqueline, I haven’t heard of such rule… from what I know, as long as the work is relevant and is verified by the supervisor, it’s fine.
That’s good to know. This is where I saw it… http://www.topaccountingdegrees.org/faq/what-is-the-difference-between-the-cpa-and-the-cma/
Also, I am trying to see if my employer will cover the cost of the exam and study courses but I want to be able to tell them how this will benefit them (not just me) but I cannot find much information online. Can you point me in the right direction for that?
Hello,
Please any one can help me out as I am still wondering that how can I study CMA USA course here in Pakistan ??? Who is the authorized and legitimate tution provider here in Pakistan ??? And how I will make the payments and how will I can communicate with IMA for the same ???
Thanks,
Hi Ahmed, I would check out these courses which are provided on a global basis. With these you don’t need to worry about the legitimate issues which I understand could be a headache in your country. For the online course, please make sure you have decent internet access (sounds like you are ok if you are able to surf my website).
Here is the pros and cons of the major providers: https://ipassthecmaexam.com/cma-review-course/
Your fellow Pakistani CMA candidate, Waqar, used Gleim as well. Here is his story: https://ipassthecmaexam.com/author/waqar/
Hi Stephanie,
I am in Netherlands and work as a financial professional for a few years (first audit, financing, controlling). I plan to do CMA in Jan/Feb & May/Jun 2017, probably full time preparation from Oct 2016. But not sure which review course I should choose. Can you give some advice. Thanks in advance.
Hi Wei, based on your background, any of the above mentioned courses are good. I encourage that you sign up for those with free trials and see for yourself which one fits your learning style. If you really can’t pick one, then you may want to consider Gleim as it is the most popular provider for CMA exam. Hope it helps! Stephanie
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Hi Stephanie,
This question might sound silly but im intend to go with Gleim, but just wonder is the test bank really that important in part of the study? I really have limited fund towards the course materials. And was lucky to able to get the textbook on secondhand. So your suggestion and advise would be much appreciated.
Cheers,
Kelly
This is not a silly question at all — in my opinion it’s more important than the text book 😉 It’s pretty hard to pass without practicing on any test prep. If you can somehow get hold on other online practice questions, it could work too.
Hi
May I know the pass mark for CMA PART2 EXAM
Thanks
Hi Emad, it’s 360, which is the same as that for Part 1.
Hy,
I understand Gleim is recommendable. can you tell me If I purchase Gleim then averagely how much time I should have to give for study in a day.
Regard’s,
Farhan
Hi Farhan, you can download this study planner here (click the one for Gleim): https://ipassthecmaexam.com/cma-exam-study-planner/
Hi Stephanie,
I’m a bit confused regarding the study materials. What Gleim offers are review courses and review materials. Does that mean that I have to buy the study materials elsewhere and then buy the review materials from Gleim? Or are the review materials by Gleim the study materials for CMA? Thank you.
Hi Veronica, review courses = review materials = study materials. So you only need to buy one full set from one provider. Hope it helps, Stephanie
Thanks for the comparison. I am based in India and was thinking of enrolling into a classroom training because I think it would be better to have a fact to face interactive training where concepts could be explained in details and also doubts can be cleared quickly. Unfortunately Gleim doesn’t have any classroom training tie-up in India as i wanted to go with Gleim simply beacuse it’s the best. Please could you suggest if I should go either with Wiley or Hock since they do have presence in India in terms of classroom training, or do you think Gleim course is still good enough and cater to all my needs.
Hi Ayon, I would pick based on the quality of instructors — either Wiley or Hock can be great if you get an engaging teacher. Because I can’t rate individual instructors, I do not give recommendation to live classes (doesn’t mean they are not good; I just can’t keep track of the teachers). Suggest that you take the time to do extensive research and find out the reputation before signing up. Regards, Stephanie
Hi sir,
I am complete my BBA, now i am doing CMA. Can I doing CA with any paper concession.Can I work in any European countrie. Please give me an advice.
With thanks
Hi Sarath, you can always try working in Europe but I have to say the US CMA certification won’t be much help in that regard. Regards, Stephanie
does gleim cma has unlimited life time access like hock ?it say conditions apply .could you please reveal the condition
Hi Riaz, you’ll have to go to their website and read the terms and conditions. I don’t think I should copy and paste it here. Regards, Stephanie
You can go to their site here: https://ipassthecmaexam.com/go/gleimcma/
Hello ? ? ?
I’m pursuing Degree and same time doing CMA PART 1, I’m using Rigos Material, in this one Most of areas are difficult to Understand, because of it’s using hard language (Congested) if you are Experienced Guy in Accounts and Management studies like ACCA /CA / MBA or even that’s you are a Completed Degree person You can do that, otherwise…… You should take Risk,Wiley Hock and GLIEM are Very Best ones to Understand the Topics,…..
Thanks for your sharing Muhsin. Yes, everyone I know pretty much only use any of these 3 (Wiley, Hock, Gleim). Stephanie
Stephanie,
Great reviews!
I already have the 2015 Wiley CMAexcel Learning System study books and flash cards. I purchased these through the CMA Academy 2 years ago along with Nathan’s video lectures and test bank. I took Part 1 before completing the program and did not pass. Fast forward to today… the original access to the test bank has expired.
Question: I just need to purchase a new test bank – what do you recommend? Also, the CMA Academy video lectures are so long, I would prefer to set a set that are more compact (fewer hours.)
I don’t see that any of the packages offer “just a test bank,” or “just a test bank & video lectures.” I don’t want to repurchase study books that I already have. I like what you said about the Wiley CMAexcel lectures. I used Wiles CPAexcel video lectures during a college course and loved those, so I think they would be my first choice.
Thank you!
Hi Julie, yes sounds like that’s a good choice — the videos are definitely what I like the most for CMAexcel. You are right no one really offers only the test bank (except probably exammatrix) but to be honest, if money isn’t a big concern, I would go for the set that’s the most suitable for me, then dead focus in passing the exam this time. It’s the best way to save money. Good luck! Stephanie
Hi Stephanie,
First of all thanks a lot for your support on our way to the CMA! Your website and explanations are really of great help!
I have two brief questions regarding the general structure of the learning units / sections in the preparation materials of Gleim vs Wiley (CMA Part 1):
Wiley uses the “official” structure to cluster the CMA-relevant topics, i.e. the following five sections:
Section A. External Financial Reporting Decisions
Section B. Planning, Budgeting and Forecasting
Section C. Performance Management
Section D. Cost Management
Section E. Internal Controls
Gleim, on the other hand, does not follow this structure. They apply “their own” clustering into “study units”, e.g.:
1. External Financial Statements and Revenue Recognition
2. Measurement, Valuation, and Disclosure: Investments and Short-Term Items
3. Measurement, Valuation, and Disclosure: Long-Term Items
…
My questions:
1. Would you consider Gleim’s structure a disadvantage compared to Wiley as it deviates from the “official” IMA CMA structure?
2. Can I be sure that all relevant topics are covered by Gleim (even though they might be clustered differently)?
Thanks in advance!
Hi Steve, that’s v detailed! You make a great analyst 🙂
Yes you are correct that Wiley follows exactly the official structure. Wouldn’t be surprising given they have the officially endorsed materials. I believe Wiley covers 100% of the syllabus.
Gleim changes things around for a reason — I never asked them why but to me the flow makes sense. They also don’t cover 100% because they cover enough to get the vast majority of customers pass. It’s a different strategy — efficiency over completeness.
Hope it helps! Stephanie
Hi Stephanie,
I hope you are well. I wanted to get your opinion regarding test prep materials. I took part 2 of the CMA exam back in 2015 and came up short with a score of 330. I started a new job shortly thereafter and was too busy to start over again and retest. Things have slowed down now and I’m considering taking another shot at it. I still have the 2015 Wiley text book and flash cards. Has much changed with the exam since 2015 because I would like to use my same materials rather than purchase new text books? I would also like to supplement my materials with a subscription to online mcq’s and test banks. You had stated that you like the Gleim mcq’s and test banks better than Wiley’s. Do you think I could use the Gleim online content to supplement my Wiley materials or am I better off just using Wiley’s online content?
Thanks,
Shawn
Hi Shawn, it’s great that you are back on your CMA journey! The syllabus hasn’t really been changed since 2015, so you are ok with the text book. But there has been improvement in terms of the examples and practice questions since then after getting feedback from customers. So I suggest that you keep the Wiley book and supplement with Gleim’s practice questions. There is a basic package with Gleim question + ebook. You don’t need to read that ebook. Hope it makes sense?
Thank you for getting back to me so quickly Stephanie. Follow-up question: So, even though I have the Wiley text book and flash cards, it sounds like you still feel I should go with Gleim’s online mcq’s and test banks over Wiley’s. From everything I’ve read, Gleim’s online platform does seem to be the concensus choice. My question is how to approach studying with both Wiley and Gleim materials. I doubt Wiley and Gleim match-up exact from chapter to chapter. With the Gleim online platform, will I be able to choice specific practice questions that will relate to the same material discussed as say, chapter one of the Wiley text book? If not, would I be better of going back through the entire Willey text book first? Then, after I am completely comfortable with the material, concentrating solely on the Gleim mcq’s/test banks? Just not quite sure how to approach this. Thanks in advance for your help. ?
Hi Shawn, the Wiley book is usually good enough but we have to realize that it is an old version. Also, while the 2015 version includes the new syllabus, it was created before the developers could see how the actual new exam was run, and therefore the questions are probably not as representative as the newer version that you can get in 2017.
Yeah I think Gleim doesn’t follow the default order of the official syllabus, but they don’t think they mix things up across section so you can still identify the section by name. You should be able to tell from the name of the study sessions, and select the practice questions accordingly.
You can also work on Gleim questions only after you complete studying from the entire Wiley book. That works too. Just give the first option a try and see if it works. Please let us know how it goes! Stephanie
Hello,enrolled for CMA classes with an instructor who’s academy is officially partnering with Wiley. Thanks to that, I have received Wiley text books and the online access to the question bank. However, my personal feeling is that the level of the test bank is low as compared to the actual exam, because of which I have been unable to clear the papers, in-spite of doing the questions.
Please provide suggestions whether I should switch to Gleim in terms of prep…
Hi Espire, you can check out the free trial on Gleim and see if it is good enough. After the free trial, you don’t need to sign up for the full pack. Likely the test prep + ebook will do (this is the basic pack. They don’t sell test bank separately). Hope it helps, Stephanie
hi, I never work as MA since completed the program in2008 , till now I want to get a job again and they required for CMA so is it hard to pass the CMA ? and what’s book or course should I study ?
Hi Tannie,
Working experience helps but this exam doesn’t heavily rely on real work experience — as in the IIA does encourage students to start taking the exam. So I wouldn’t worry about it. Any of the review courses on the list are suitable. As you see my general recommendation is Gleim but it also depends on your own learning style. You can click on the respective links to find out more. Regards, Stephanie
Hi Stephanie,
Do you have an updated review of Becker? My employer recommended that I use that program and is willing to pay for it, regardless of whether I sit for the CMA or not.
Also, what study program do you recommend for a non-traditional accountant? I have a B.S. degree with only one real accounting class under my belt and have been learning accounting on the job from our CFO. 3 years ago I started as an AP, AR & Payroll Clerk and have moved up into the accounting manager position. I am starting to take on controller duties now and with managerial accounting experience starting to build up am looking into the CMA for further promotion down the road. Thanks. -Jeff
(As additional background, I learn best in an interactive environment where I am “doing” vs. just reading. Reading a chapter and then taking a test usually gets me nowhere. The exception are case studies. Rote memorization is a weakness of mine. Real world essay questions and/or problem-solution analysis are my strengths. My degree was Communication and Rhetorical studies. A lot of essay/paper writing structuring deep analytical and logical persuasive arguments.)
Hi Jeff, thanks for your note. I meant to update my Becker CMA page. Thanks for the little push!
It’s all done: https://ipassthecmaexam.com/becker-cma-review-course/
Things have improved a bit in terms of Becker CMA willing to put a product description on their page and offer a 14-day trial. But then they have increased the price substantially. I know it’s not your issue but overall I don’t really find their product attractive.
In your case, since you are an “active” learner (just me), I highly recommend that you get more practice questions, either get a set with a bigger test bank in the first place (e.g. Gleim), or that you get Becker anyway and buy a supplement.
You can check out the free trials of Becker, Gleim and Wiley and spend a couple of hours comparing the study tools, the online practice questions AND the quality of the answers (this last part is very important). Let me know how it goes and we can discuss further. Cheers, Stephanie
Hi Stephanie,
I am a software developer with a Btech degree. I have no experience with accounting.
I would like to take CMA and change my career.
Will I get job oppurtunities if I pass CMA with an engineering background.
Hi Anna, passing the CMA exam helps in a way that it shows your knowledge and your commitment to the accounting industry. But since you lack the experience, you have to convince people that you are better than all the fresh graduates out there. One way is to try finding a job with an engineering and accounting cross over. For example, a project manager who works between engineers and the accounting department at the corporate level. This would be a smooth transition and great use of your previous experience. Good luck!
Thanks Stephanie!
I now starting to think on doing CMA and now I am 12 th passed student in india .how do I start doing it any suggestions
Hi Vivek, you can look into it once you start your bachelor program. You can take the exam then. Regards, Stephanie
I have started using Beckers Cma course. But you havent listed beckers course here. Is it okai for me to continue with beckers for CMA ?
Hi Bhavi, I have covered them here as well as the reason why I don’t list them on my top provider list: https://ipassthecmaexam.com/becker-cma-review/
I passed both parts 1st time using Gleim. Scored 390 on pt1 and 430 on pt2. I regret spending too much time reading the book over and over and going over the 2 MC exams for every unit multiple times. I did no other MC questions outside the “Evaluation” and “Post-review” exams. If I had, I would have scored higher and had less doubt during those 6 weeks of exam grading. There were questions in a form that I had not come across – particularly Learning Curve Analysis and Budgeting (calculating ending cash)
I’m sure the form of question would have been covered in some of the thousands of MC questions available on Gleim website, I just didn’t practice enough questions.
Thanks for the sharing David. Good point! As many of us dwell on reading the books for too long 😉
Anyway you have passed with great score, that’s the most important. Congrats again and all the best!
Currently using Wiley, finding answers on study questions in the individual modules do not always match the answers in the test bank. Also, some of the answers are incorrect, you can check them verbatim to the outline reading materials. I am a little disappointed with needing to have to ask myself if I really think I got an answer wrong or if it is just another error. At least there are discussions boards where I can research if anyone else had the same issue and of course google. I would recommend buying another product. It’s hard to trust this one.
Gleim was amazing. I passed both parts first time. 390 and 430.
Glad to know! I will keep my recommendation 🙂
And congrats to you David! Stephanie
Hi, I see, thanks for your sharing. You can actually contact Wiley technical support on the perceived errors and they will either tell you whether it’s indeed wrong (or misunderstood). Regards, Stephanie
Tech Support has been notified, by multiple times I would assume. Some of the errors have been appearing on comment boards since 2015 with the professors stating they have notified TS…
Hmm… I will take note of this in my next review. Thanks for letting me know. Regards, Stephanie
hey ,
i am thinking of starting my preparation for the jan-feb window for part 1, but i have heard that the syllabus might change. I have the latest wiley material with me.
Will it be a problem for me if I don’t give the exam in the sep-oct window?
Can i give the exam with the same material in jan-feb?
please help
Hmm, not that I heard of. Typically for big changes they announce it well in advance (at least a year). So I don’t think it’s likely to have substantial changes in the coming year.
For minor adjustments etc, there could always happen, but I wouldn’t worry about it if you have the 2017 Wiley materials. Regards, Stephanie
Hi Stephaine,
I wanted to register for CMA USA course planning for Jan/Feb 2018 Exam. When can i register? can i can any discount ?
I don’t have accounting background, but I am working on Financial application for a couple of years now.
I am leaning towards Gleim but as you mentioned it will be tough to follow.
Do you recommend Wiley for a non accounting background, or any other text books to prepare before Gleim ?
Dear Stephanie,
I would like to be a financial accountant. Which course if preferable? CMA or ACCA?
Hi Naveed, if strictly for financial accounting work, I would think ACCA is better (assuming you are not in the US, since in the US it would definitely be the US CPA license). Hope it helps! Stephanie
Greetings Stephanie,
I am considering taking the CMA. I graduated 4 years ago with bachelor degree in Business administration. So I have some background in accounting. Although it wasn’t my area of interest due to its difficulty. But now I want to boost my career and I thought CMA should help.
My question is due to the time length between my graduation date and now, I for sure need to refresh my study like it is the first time. so I need to cover every concept of accounting with great details in explanation. So which one do you recommend that its curriculum covers details.
Thanks
Hi Totti,
Thanks for your note. The Wiley book is very comprehensive so you may try getting that. But you may also consider rereading some financial accounting and management accounting books separately as the background materials, and then go straight to the Gleim CMA review. The reason is that Gleim doesn’t cover all details, but in my opinion their practice questions are better. So it depends whether you’ll put in the effort to get those background books and read them over before you get started.
If things aren’t too rusted, you may trying refreshing the knowledge with free materials from youtube and khan academy. Good luck!
Hi Stephanie,
You have been very helpful in clearing the doubts. I have got some doubts as well.
This Certification is new to me, so I want to know when should I aim to apply for the Jan/Feb window ?
Secondly, it seems that the exam has no specific date unlike other examinations? We have to choose one ourselves? Suppose I wish to appear for the paper in Feb and not Jan, is there a chance I may not get appointment in that period when I apply ?
Hi Stephanie,
Thanks for creating this great site!
I wish I’ve came across this a few years back. I am now working on Gleim’s free trial. I really like the format. I am planning to take the exam early next year. Do you think I should buy it now or wait for any updates for 2018 edition?
hey Mariz, I used Gleim and they give you a text book for part 1 and another for part 2. When a new version comes out they ship you the new books at no cost.
I got 390 part 1, 430 part 2. I would suggest following their study technique. I read the book too much and didn’t do quite enough MC questions on the website.
Hi Mariz,
As per my understanding 300 Marks for MCQ and 100 marks for Essay.. How you got 430? any change in the CMA exam marks process?
Please clarify?
Br
Ravi
you can look it up online on wikipedia. Test is out of 500
That’s right. I haven’t heard of a 300/100 split… Just in case, we are talking about the US CMA exam. Regards, Stephanie
Thanks for the quick response David and congrats on passing the exams!
Hi David,
Thanks, that’s helpful! I didn’t know that even for printed copies they will ship one for free 🙂
Hi! That’s great to know that you find the site helpful 🙂
If you are getting the online version (which I recommend), you don’t need to worry about when you purchase because it is updated regularly. I don’t think it matters much anyway because no major changes of CMA exam has been announced and we don’t expect that to happen in 2018. Regards, Stephanie
Dear Stephaine,
I wanted to take exam on Feb 2nd week 2018. Can I scheduled like that in CMA USA?
Br
Ravi
Hi Ravi, sure you can. Jan-Feb is the first testing window in 2018. Regards, Stephanie
Dear Stephanie,
I already registered for CMA USA. If I wanted to write exam in Feb 2nd or 3rd week. When would be the ideal time to enroll for the exam?
Br
Ravi
Hi Ravi,
If you are taking the exam on Friday or Saturday, I suggest that you register 1.5 months in advance but then if you don’t mind going on a weekday, then it’s likely ok to register within one month.
Having said that, if you are confident that you’ll be taking the exam in the Jan/Feb 2018 window, I would just register earlier e.g. next month to secure the spot. The suggestion above assumes a regular-size exam center. In case the one near you is very small, space may run out very quickly. Hope it helps! Stephanie
Dear Stephanie,
For Feb exam, when should I need to enroll for CMA exam?
1) Before December 2017
2) Before Jan 2018
Br
Ravi
Hi Mam,
I am an Indian guy working in Finance in Saudi Arabia . I have decided to go for CMA by the starting of Nov’17 . I am in a confusion to decide which is the best course for me. I find Gleim & Hock attractive . But I would request you to advise me on selecting the better one based on Time and cost as determining factors. Also could you please let me know joining for the either of the above said two would give me a discount for IMA membership and entrance fee. i have received an offer from Edupristine saying they would help me finish the course with $1090 . + Offering 30% discount on IMA membership & entrance fee. Appreciate your help.
Thanks!
can’t speak to Hock, but Gleim is quality. I’m going to use Gleim and not Becker for CPA. I’ve got both books and with Gleim you learn more, Becker you memorize mnemonics. In my opinion.
Thanks for sharing David 🙂 Stephanie
Hi Niyaz,
Thanks for your note. I personally would pick Gleim if you look for efficiency. Hock is well liked too but I believe it’s more of the traditional approach.
It’s hard to beat Edupristine and other local coaching’s marketing, so if pricing/discount if your #1 factor, go for it. I have my own thoughts on local coaching classes (may or may not apply to Edupristine) so it’s worth some research on the instructor before proceeding:
https://ipassthecmaexam.com/cma-online-coaching-vs-live-class/
Hope it helps!
Stephanie
Hi..
I cannot go for Local Coaching. The only form of Study I can opt is Online Coaching or Self Study i.e. after my work which I plan to dedicate 2-3 hours per day and i also I dont want to make it long but finish it off within 6 months max. hope you get my query right. I am a BCom & MBA finance Graduate. If you can help chose the Cheap & Best it would be great . Gleim luks nice. Again to make a note I have friends who can share me with PDF notes which they have used to pass CMA. Please make it spcific to my case what is that you suggest.
Thanks – Niyaz Nazar
H Niyaz, I would recommend Gleim then. The traditional version is ok if you’d like to save money and that you won’t need to ask the technical accounting team for support.
I can’t comment on the quality of your friend’s PDF notes but you do need at least one set of online practice questions to get used to the format, practice timing yourself properly, and track your performance to identify weaker areas.
Hope it helps! Stephanie
hii
I have CMA gliem material 2015 edition …. and i have hock 2017 edition too … i found that I can study better from gliem but I do not have more money after I bought Hock … can I continue my study from 2015 gleim .. is there any changes in gliem 2017 ?? …. I need your advice …. thank you very much for your time .
Hi Suliman,
Hock is good enough, and it’s best to only study from one set of materials (otherwise, too confusing and overwhelming). What you can do is to get another set of practice questions only, from Gleim or others.
You may also refer to the questions in Gleim’s 2015 edition as there hasn’t been a major update in curriculum, although given 2015 is the first year of a major change, the quality of questions may not be that good. Just to let you know. Thanks! Stephanie
Hi Stephanie,
I have Wiley CMAExcel 2017 Part 1 study materials. I am planning taking the exam in the Jan/Feb 2018 window. Are those suitable for 2018 exam? Also, I am planning on studying from Wiley and later on using Gleim’s test bank for practice tests. Is that a good idea? Thank you.
Hi Syed,
It’s always the best to get the most updated review materials, but I believe it’s fine in your case 🙂
Sure! Working on two sets of practice questions is a good idea. Just remember not to “study” from two sets of materials. Cheers, Stephanie
Stephanie,
I really appreciate the information that you have provided! Is it possible to waive portions of the CMA exam if a candidate has passed the CPA?
Hi La Shawn, most welcome! Unfortunately the answer is no in this case… I don’t think any certification can be used to waive this exam now that there are only 2 parts. There are considerable overlap in exam content though so it helps indirectly. Regards, Stephanie
Hi,
I am considering to get Wiley CMAExcel Course Review Silver or Gold. There is a big different between them in terms of price (450usd). Is getting Gold really worth or Silver Package will do the job? Thank you for your reply in advance. I am really confused what to get.
Ozgur
hey !
it will be a great help if you can arrange one demo video classes for each of the above institute ?
Hi! I do have video walkthrough for most of them in my youtube channel: https://www.youtube.com/c/ipassthecmaexam100
hi,
I have Wiley and gleim from 2015. is it possible to use them for june and september exams ?
I also need test bank. wich author can you advise me to buy ? Gleim, Wiley or Hock ???
Regards
Hi Stephanie,
I’ve been reading over and reading over your review course comparisons for the last 6 months or so. I’m finally in a position to start making a selection, but I noticed that in your 2017 edition, there were pictures and links. In this current edition (2018), there are no helpful visual graphics in your side-by-side comparisons at the top. I’ve tried accessing this page from Chrome, IE, and Edge. Nothing ever comes up but the text and a few links throughout your analysis.
Do you know anything about this? Will these be updated soon? Your side-by-side visual really does help me see everything all at once, especially features only displayed by your pictures (ex: audio availability).
Thanks for your time,
Patricia
I am seriously comtemplating about signing up for the CMA. I am curious if it’s recommended to get the current year’s study materials (ex. 2018), or is it “good enough” to buy the prior year’s (2017 or 2016)?
Second, do you believe without an accounting or finance degree that simply by having completed the CMA that employers will seek those with a CMA WITHOUT an accounting/finance degree over someone with an accounting or finance degree? Just curious of your thoughts…
Thanks for all the time you put into your website and I apologize if these two questions were answered already.
Hi, can I know where in Bangalore can I get coaching taking me through Gleim CMA material and guarantee pass?
Hi dg,
Please call up Gleim to find out where Gleim materials are taught in Bangalore. I don’t track and recommend local coaching classes, because it’s hard for me to know whether the instructors are good. They come and go you know. But if you ask around it could be helpful. Good luck! Stephanie
Dear Stephanie
Among all the courses above, how much are the videos help to understand the topics and would you please suggest the best videos for CMA review out there?
I want to learn MCQs questions thru an instructor or videos please give me the best advise
Hi Zeeshan,
I like the Gleim course the most because it is a good balance between having enough materials, but not too much. And they have tough practice questions that prepare us well for the exam. For those who need more guidance and more explanation, the Wiley CMA review videos are more thorough.
Both courses cover some classic practice questions step-by-step in the end of each chapters. I find them quite helpful. Hope it helps! Regards, Stephanie
Once we register, do we get any study materials sent to us?…for instance, when I took the first part of the CFA exam I was sent like 7 textbooks upon registration…
Hi Chad,
No, the exam fee does not include the materials. But then the exam fee for CMA is a lot lower… so basically they don’t “force” you to get them if you don’t need to. Regards, Stephanie
What happened to the CFA site?
Our CFA site is at https://financeresume.net. We are not allowed to use “CFA” in the domain name. Regards, Stephanie