| Q: What are the global career opportunities for CMA professionals? A:IMA's CMA certification is a global certification. As a respected leader within the global financial community, the IMA influences the concepts and ethical practices in management accounting and financial management worldwide. The CMA certification offered by the IMA are standards of quality and expertise. The certified financial professional possesses knowledge, skills, and abilities required globally by the contemporary financial profession.
There are at least two reasons why your professional development and career advancement will significantly benefit from obtaining this designation. First, while studying for the CMA, you will obtain and systemize contemporary professional knowledge, as well as develop skills and abilities which are required by successful businesses. In short, it will improve your value as a financial professional. Second, the worldwide job market can be extremely competitive. To get the job you want, you will need to show that you can make a difference to your prospective employer. Having a CMA designation shows not only a high level of competence in corporate finance and management accounting, but also a strong commitment to continuous improvement and high ethical standards. Many leading international companies consider the CMA designation as the ultimate mark of excellence.
Back to Top Q: What are the financial benefits of pursuing the CMA? A:It is definitely a big decision to start the professional certification process, but quite rewarding. First, having the CMA designation leads to much faster career advancement. In addition, research conducted by IMA indicates that the IMA certified members' average salary and average total compensation is considerably higher than for non-certified professionals. See our salary survey! Back to Top Q: How can I receive an information kit? A:You can request an information kit by calling the IMA at 800-638-4427, outside US 201-573-9000, or contact us at the following e-mail address: ima@imanet.org. Back to Top Q: What is the Entrance Fee? A:The Entrance Fee of $200 ($75 for Student/Academic members) is to start the certification process. The fee includes:
- six months unlimited access to the CMA Assessment Tool
- 3 free Advanced Exam Performance Reports (if applicable)
- access to four books of sample questions and answers for all four parts in pdf format
- access to retired exam questions for the first three parts of the exam
- review of educational and experience credentials
- electronic access to the CMA Resource Guide
- access to the Certification e-mail exchange
- final score report
- personalized certificate
- employer notification if desired, and
- maintenance of continuing education records.
The fee must be paid before an exam authorization process can start. It is not required at the time of IMA membership application. Back to Top Q: Do I have to evaluate my university degree? A:To meet educational requirements for the CMA certification, you need to hold a bachelors degree, in any area, from an accredited college or university. Degrees from accredited foreign institutions are acceptable. View a partial listing of foreign universities that are acceptable without an evaluation. If your degree is from an accredited foreign institution, you must submit a transcript translated into English, showing the official university seal. If you are unable to obtain a translation with a university seal, a notarized translation is acceptable. Back to Top Q: Where shall I send my applications and university degree? A:You will need to mail your applications and all other required documents to the ICMA. Our mailing address is: 10 Paragon Drive Montvale, NJ 07645 USA Back to Top Q: What parts of the exams can I waive? A:Recognizing that successful completion of the requirements for other rigorous professional accounting and financial certification programs demonstrates a candidate's competence in business analysis, a waiver of Part 1, Business Analysis, will be granted to those who have earned selected certifications. To qualify for the waiver, direct verification of the certification must be received from the issuing organization. The appropriate fee must also be paid. Back to Top Q: Does the ICMA have any manuals or books to help study for the exam? A:ICMA publishes CMA Q&A books, which includes retired questions with solutions and references.
Order the CMA Q&A books Online. Back to Top |