The CMA exams are tested in person at Prometric Testing Centers around the world. Knowing where the closest testing center is to you is an important part of your planning process. If there is no testing center in your country, you may have to get a visa, and if you have to travel far away, you have to plan on additional time and expenses.
Why Get a CMA Certification?
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6 Tips for Reducing Your CMA Exam Study TimeCreate a Plan. ... Find A Review Course that Fits Your Study Style. ... Study in a Productive Environment. ... Strategically Study Your Weaker Areas. ... Find Study Materials that Tell You When You're Ready to Pass. ... Stay Mentally and Physically Healthy.
However, with outstanding course features like access until you pass, adaptive software, and unparalleled personalized support combined with Becker's test bank and great videos, you can't go wrong with Becker. But still, Becker is an excellent brand and is considered nearly as good as Gleim.
Financial Cost CMA program entrance costs $250, but students or academic members are eligible for a significant discount. 3. CMA exam fees are $460 per part, but only $345 per part for students and academic members.
Gleim's excellent review system boosted my confidence as I prepare for the CMA exam, and it even made me feel at home when I was taking the actual tests. Gleim offers more than enough to pass the CMA exam, and I would encourage anyone preparing for the CMA exam to do as I did—choose Gleim.
Wiley could be best for CMA candidates who already have a full schedule and are looking to reduce the total number of hours they need to study. Therefore, candidates should consider Becker if they want a course that is going to push them to study every single topic that is likely to appear on the CMA exam.
Gleim Cost Comparison. Wiley and Gleim both have two course options and two price points for CMA exam prep. Both Wiley courses are more affordable while also providing more features than the comparable Gleim courses.
An Entry Level CMA with less than three years of experience earns an average salary of ₹10.2 Lakhs per year. A mid-career CMA with 4-9 years of experience earns an average salary of ₹22 Lakhs per year, while an experienced CMA with 10-20 years of experience earns an average salary of ₹4.7 Lakhs per year.
three exam attemptsInitial candidates for the CMA (AAMA) Exam are allowed three exam attempts. Candidates recertifying by exam are allowed three attempts. Each attempt will require a new exam application and fee.
The CMA exam is very difficult and it will test your intellectual limits. The industry average CMA pass rate for both sections is only 45%, meaning less than half of the people taking the test will pass. The CMA exam is notorious for its rigor and difficulty, and if you want to pass, you need to prepare.
In other words, the CMA USA 2020 syllabus has been completely revamped and it would be quite risky to go with the 2016 Wiley books. Further, to pass the exam, you not only need the books but also the test bank.
If a candidate is interested in auditing, taxation, reporting, and regulation, then he/ she should opt for CPA, while if someone is interested in management, strategic analysis, and decision making, then CMA is a better choice for him/ her.
Certified Management Accountant (CMA)
It's that simple. The beauty of CMA Exam Academy is that it’s all mapped out for you in an easy-to-follow 16-week study plan per part, so you don’t have to think about what you need to study. You’ll learn how to apply the best study techniques to help you save time, money and energy preparing for the CMA exam.
THIS CMA PREP COURSE IS RIGHT FOR YOU IF…. CMA Exam Academy is not right for everyone. If you’re not committed to becoming a CMA or don’t want to work in the accounting or finance industry long term, becoming a CMA is not the right choice for you.
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:
The Gleim CMA audio lectures are basically the Gleim book in audio format. The Gleim books are well-known for being extremely thorough and comprehensive, so that’s good news for the audio lectures. With these resources, you won’t have to miss a thing if you have to listen to rather than read your study materials for the day.
Gleim’s CMA test bank features more than 4,500 unique practice multiple-choice (MCQs) and 130 essay questions as well as detailed answer explanations for every question. While this test bank does not have the most MCQs, it does include the most essays of any test bank on the market. Furthermore, Gleim’s practice questions represent the functionality and difficulty level of the CMA exam questions better than any other course.
Surgent CMA, formerly ExamMatrix CMA Test Prep, is an accounting test prep developer that prides itself on being the first to offer adaptive technology in CMA prep. While Becker has since followed suit, Surgent has continued to improve its technology to make studying even more efficient.
Your learning style and budget are the two main factors that may influence your review course decision. Therefore, using these criteria to navigate the prep companies will allow you to choose the very best CMA review course. There are many different options for CMA exam prep courses.
If you want to pass the CMA exam, you’ve got to make a plan. Specifically , you’ll need to make a CMA exam study plan. This process involves determining how fast you want to pass, finding time in your schedule for regular study sessions, averaging 1-2 study hours a day, and figuring out when you can finish studying.
The CMA exam contains more than 200 questions and addresses dozens of topics. These topics are fairly broad, so the exam questions could ask you about anything relating to the topics. To prepare for such general coverage of management accounting, you’ll need to answer plenty of practice questions.
Instructor-led video courses are usually a core feature of an online CMA review course. Who the instructor is and what their credentials are may impact your decision to buy the program at all.
Coaching or Tutoring. Hiring a CMA coach or tutor is usually an upgrade or added expense (although CMA Exam Academy Courses have coaching built in to the program). This one-on-one guidance is the ultimate way to ensure you’re grasping the concepts and making the right progress to achieve your goals.
A CMA online course will run you anywhere from $699-$1,800. This side-by-side comparison of the most popular CMA prep courses will give you a feel for the range of options. The lower end of that range will have courses with bare-bones materials.
CMA Study Guide. The best CMA study guide is going to be a customized study plan. Depending on how long you have to study for the CMA exam, you’ll create a monthly, weekly and even daily plan for your studies. All good CMA exam programs have this built-in, so you can build a personalized plan that works for you.
If you want to become a Certified Management Accountant, you need to pass the CMA Exam. While you can self-study, the CMA exam difficulty is well known. Serious candidates succeed by taking CMA online classes and sticking with a program of study.
With a CMA pass rate of 45% (for both sections of the test), it stands to reason that passing is a concern. Of course, if you fail the CMA exam, you have to start over and pay for the test again. Many financially-minded people, then, recognize the value of investing in the right course from the get-go.
Interaction with instructors is important, and group interaction can be very supportive — studying for the CMA exam can get lonely! Live classes may be at the top of the list, but there are lots of ways to interact with instructors and peers that may be even better long term.
Simply put, a Certified Management Accountant (CMA) course is an online course that you can take to help better prepare yourself for the CMA exam. You’ll learn and study the ins and outs of managerial accounting techniques and strategies, in a structured format.
Test banks are a great tool to challenge your knowledge with questions that are structured and formatted just like the ones found on the actual CMA exam. CMA Exam Academy’s test bank contains 100% unique CMA questions, as well as actual test questions from previous exams to offer you the real exam day experience.
What is the CMA? It’s a certification, with an exam you’ll need to take and pass, that will qualify you to become a “ certified management accountant ” — a subspecialty of accounting associated with strategic and managerial roles.
For each part of the exam, you are allotted 4 hours total – 3 hours time to complete 100 multiple-choice questions and 1 hour to complete 2 essay questions.
The CMA exam is comprised of two parts which candidates can take during the allotted testing windows. There are four windows each year and it’s up to the CMA candidate’s discretion when they sit for the exam. Unfortunately, the global pass rates for the exam are pretty low. In fact, the pass rate for Part One is only 35% and 50% for Part Two.
Most online review courses are designed to be self-study. This means candidates have to teach themselves the material outlined in the course. For many candidates, this can be incredibly stressful, especially when they don’t understand a concept.
When you commit yourself to earning your CMA certification it can be tough. The amount of studying and preparing required can take you away from your family and friends. More often than not, people struggle to find adequate moral support. A great review course should include some level of support.
Becker also provides teaching slides that help you follow along and take notes. Lecture videos. These bite-sized instructor-led lecture videos focus on single topics so you can master one concept at a time. Becker also provides teaching slides that help you follow along and take notes.
Many organizations have partnered with Becker to provide our CMA Exam Review at preferred partner pricing - some even have direct billing arrangements. Visit the Direct Bill and Partner Pricing page to find your organization's dedicated ordering site and follow the instructions to complete your enrollment.
Making the decision to pursue the CMA certification can be difficult, but with proper planning and preparation, you will be positioned for success. Here you'll find the requirements to sit for the exam, learn more about the two parts of the exam, and how Becker can help you set a strategy for success.
It is generally recommended that candidates study 90 hours per exam. Some students like to cram this study time into 3-4 weeks while others like to span it out over a couple of months. A CMA exam review course will help save you time when it comes to studying.
On top of all of those options, Surgent also offers individuals prep courses for part 1 and part 2 of the CMA exam. Each of these individual prep courses is $499. This is great for students who only want to focus on one part of the CMA exam.
Becker offers their CMA review courses at two different price points - $1,399 and $1,799. Some core features of both of these courses include 3,000+ multiple-choice questions, 500+ flashcards, and lecture videos.
Improvement needed – take a free CMA exam practice test to see where you stand. If your score needs improvement, a CMA review course will be just what you need. Need for motivation – if you need motivation, feedback and encouragement, a prep course with an instructor or online lectures is a great option.
The CMA exam is considered to be very hard. Part one of the CMA exam has a pass rate of about 36% - which is very low. CMA exam prep courses will help ensure you pass the exam the first time around and help you become more comfortable with the material before the exam.
The four best review courses we found for the CMA exam can be seen in the table below. Out of all the companies we reviewed, Becker stands out above the rest thanks to their huge library of study resources and proficiency tracking technology.
With over 200 years of history helping professionals start careers in accounting and finance around the world, Wiley Efficient Learning is a reliable and time-tested educational resource.
Although they haven’t been around for as long as Wiley, Gleim is an educational company with a long history helping accountants and other financial professionals earn their certifications.
Although there were four courses that got our top recommendation, there are several other online CMA certification courses available.
Once again topping the charts, Becker proves to be a massively helpful asset when preparing for your CMA Exam. Offering two packages for course review, both include all the needed course features— including 2-part review, digital textbooks, lecture videos, unlimited practice exams, and even success coaching.
With packages offering great study materials for the self-starter, Surgent Accounting and Financial Education guarantee you’ll pass the CMA exam, or they’ll give you a refund! Using their ReadySCORE technology, they make it easy for you to check your overall exam preparedness before even taking the exam, ensuring that you’re knowledgeable and confident walking in.
Wiley is one of the most well-known companies in the education industry and they earn high praise for the quality of their CMA Exam prep materials. This is a massive library of study guides, tens of hours of video lectures, and annual live classes; you can’t go wrong by partnering with this education giant for your future.
Gleim’s CMA review course stands out from the rest by offering a more personalized approach to CMA exam preparation courses. With their large volume of questions and video/audio lectures, they ensure that you’re not just filling in dots— they actually guide you to the correct answer, explaining all the steps along the way.
If you’re looking for an exam review that really packs on the extras, CMA Exam Academy Review might just be what you’re looking for.
While there are many excellent CMA Exam Review courses on our list, Hock International is the choice for those who may be a bit more wallet-conscious than the average student.