US CMA Exam Revised fees 2024, Change in IMA exam fees

The Certified Management Accountant (CMA) is recognized as a high-standard certification in management accounting and financial management. It is awarded by the Institute of Management Accountants (IMA) in the US. CMA USA is globally recognized it benefits accounting and financial professionals in different industries. To acquire this certification candidates must complete two parts of the examination.
Institute of Management Accountants (IMA) USA offers an advanced professional course i.e. USA CMA (Certified Management Accountant), a globally recognized certification course. It enhances the study with a deep knowledge of finance and accounting to make a global career. CMA USA is the smartest way with the highest return on investment.

Key Takeaways

• What is CMA USA?

• CMA USA Revised Fee

• CMA USA Eligibility Criteria

What is CMA USA?

The US Certified Management Accountant (CMA) certification exam is managed by the Institute of Management Accountants (IMA) for candidates aspiring to have a successful career in the field of Finance and Accounting. The US CMA certification is a globally recognized certification that certifies an individual's credibility with the knowledge and relevant skills in financial planning and analysis, along with financial control and decision-making. Currently, there are more than 1,00,000 certified US CMA candidates around the world. 

The US CMA is worth it as it compensates for the entire investment made to attain the certification. However, getting the certification still requires great investment. So you must consider your budget or financial requirements before choosing the course. Let’s have a glance at the fees required for being a Certified Management Accountant. But before that let us know some key points to pursuing this certification: 

• Approximately 6 to 9 months are needed to complete the course. 
• Exams are held online via prometric or remote exams. 
• It contains 75% of the objective-type questions and 25% of descriptive. 
• It has a record of an excellent passing percentage of 45% to 50% globally. 
• It provides opportunities in India as well as across the Globe.

CMA USA Exam Fee

Obtaining a certification in CMA US is a potential pathway to a wonderful career and all new opportunities across the globe to outshine your existing career. A person chasing CMA US has a higher earning opportunity than those who do not choose this as their profession. However, it requires great investment, but the outcome pays itself the best return on investment. Here are some ways to maintain your cost if you are ready for investment in CMA USA.

IMA Membership Fee

IMA requires membership even if you register for the CMA USA exam you need to pay an annual fee while you are pursuing the CMA USA course. The IMA Membership varies as per the profession like, if you're a student then you could select for student membership, if you are a working professional then you can select professional membership, and so on. 

The price of membership defines which category you fall under. Generally, students pursuing graduation or post-graduation come under the student category and someone who is graduated and working comes under the professional category.

CMA USA Entrance Fee

After the membership fee, a candidate is required to pay an entrance fee. The entrance into the CMA USA program is not included in the IMA membership, so you need to pay an entrance fee to become eligible to pursue a CMA USA course. It is a one-time payment made towards becoming CMA USA certified.

CMA USA Examination Fee

The examination fee for US CMA is like every other exam fee for any accounting exam and certification. This is paid to approve your seating in the exam. Once this is paid a spot for candidates is reserved. The exam fee is paid for each part of the exam a candidate takes. The CMA USA exam has two parts for which a candidate has to pay twice. And if a person fails in any part of the exams, he/she is liable to pay the fee again to retake the exams.

Now being a student, you might have figured out that being a CMA USA is the least expensive pathway. For a working professional, it's quite easier to pay the costs from their salaries. Looking this way, it reflects another investment into the career path you choose. It is an investment with confirmed and higher returns. 

CMA USA Fee Schedule 2024

Please note that beginning September 2024, the CMA USA exam will change based on a recent Job Analysis study. Minor updates and additions will be made in the areas of data management, internal controls testing/remediation, data ethics, and business fraud. 

 

CMA USA Revised Fee Structure for Student Category		Current Price($)		Price Beginning October 1, 2023($)
CMA Entrance Fee (non-refundable)		$210		$225
CMA Exam Fee		$345 per part		$370 per part
Student Membership		$45		$49
Academic Membership		$135		$160
For Professionals	Current Price($)		Price Beginning October 1, 2023 ($)
CMA Entrance Fee (non-refundable)	$280		$300
CMA Exam Fee	$460 per part		$495 per part
Membership	$260		$295

Know More About CMA USA

IMA does not provide any of the study material to the candidates enrolled with them. From expensive coaching to free secondhand notes for preparation, candidates have to figure their way out. Don't worry more with CMA USA comprehensive training from NorthStar Academy (NSA) you get access to updated study materials and live interactive classes with “Award-winning faculty”- Mr. M. Irfat  (CA, CMA USA, CIMA UK, CPA qualified).

Only lucky students have Prometric centers located within driving distance of their homes, the rest of the students need to travel long distances to reach their exam centers and even on time before the exam begins. The simplest way to understand how a CMA USA is a great investment is to look at the ways it will pay off throughout the career. The return on investment is really with it when a CMA USA Candidate starts working and earning. Even the qualified fresher CMA USA  can earn a lot more than other regular accounting courses such as B.Com and BBA. 

Conclusion

Pursuing the CMA USA certification offers many opportunities in the accounting and finance field, providing global recognition and high-earning opportunities. Candidates can plan their finances according to their comfort as fees are revised. Institutions like NorthStar Academy (NSA) offer pieces of training to candidates who wish to pursue their career in this field ensuring they are well prepared for the exam.