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US CMA | CMA USA Exam Performance Reports
US CMA | CMA USA Exam Performance Reports and performance rate:-
US CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – making you the preferred choice of the potential employers. CMA certification is widely accepted in India and in the job markets of US, Canada, Europe, Middle East and China.
US CMA | CMA USA Exam Performance Reports
About US CMA Course:-
The US CMA® Course is globally recognised, advanced-level credential appropriate for accountants and financial professionals in business. Achieving the US CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional
ethics – skills that are in demand by organisations around the world. The US CMA is offered by the Institute of Management Accountants (IMA) USA and the content is regularly reviewed by the Institute of Certified Management Accountants (ICMA).
It’s offered since 1972 and has certified 40,000 professionals. US CMA® enhances the value that you bring to your current position, or expand your career potential, it will help you set the standard for professional excellence.
US CMA | CMA USA Exam Performance Reports
US CMA EXAMINATION PATTERN
Candidates for US CMA certification must complete all required examination parts. Part 1: Financial Reporting, Planning, Performance, and Control (4 hours – 100 multiple-choice questions and two 30-minute essay questions)
Part 2: Financial Decision Making (4 hours – 100 multiple-choice questions and two 30-minute essay questions)
US CMA | CMA USA Exam Performance Reports
Did you ever have the impression that the CMA exam is easy (or easier)? If you look at these CMA exam pass rates, you will be surprised.
The overall CMA exam pass rate in 2015 was 49%. IMA also releases CMA exam pass rates by exam parts in a 9-month period:
| Jan to Oct 2015 | May 15 to Feb 16 | Sep 14 to Jun 16 | |
| Part 1 | 36% | 35% | 35% |
| Part 2 | 55% | 52% | 50% |
For Part 1, it stays more or less the same every year. Part 2 pass rate increased to 55% in 2015, but slowly got back to the 2014 level by mid 2016.
The worldwide pass rate is a rather scary 31%-35% in this 4 year period, but if you exclude Middle East, the statistics looks much better. It is quite obvious from the above that if your native language is English or you have a chance to learn English in your country (notably Europe, and to a lesser extent, Asia), you have a higher chance to pass.
US CMA | CMA USA Exam Performance Reports
- If you have a good command of English; or
- If you work hard and do lots of practice questions to get familiar with the style of the multiple choice questions…
… your chance to pass the CMA exam is much higher than this average statistics.
First, while CMA exam welcomes candidates from all over the world, the exam format is US-centric. Candidates outside of the US may not be familiar with how the multiple choice questions are written and also, if their native language is not English, it is hard to score well in the essay section.
Second, IMA (the exam administrator) makes it very easy for anyone with a bachelor degree to apply, unlike, for example, the CPA exam where candidates must take a substantial number of accounting and business courses.
The low barrier of entry attracts candidates who just want to give it a try. These casual takers do not invest sufficient time, money and effort to properly prepare for the exam.
US CMA | CMA USA Exam Performance Reports
US CMA® SYLLABUS
The syllabus includes Economics, Business Finance, Situational analysis and decision making with a strong emphasis on ethics. It is combined with relevant rule-based subject matter to provide you a sound critical thinking and decision making skill.
Candidates for CMA designation have to pass the following two parts:
| Part 1: Financial Reporting, Planning, Performance, and Control | Part 2: Financial Decision Making | |
|---|---|---|
| Syllabus |
|
|
| Duration | 4 hours | 4 hours |
| Marks | 500 (passing percentage 72%) | 500 (passing percentage 72%) |
| Question Pattern | 3 hours- 100 multiple choice question (weightage 75%) and 1 hour- 2 essay type question (weightage 25%) | 3 hours for 100 multiple choice question (weightage 75%) and 1 hour for 2 essay type question 30 minute each (weightage 25%) |
US CMA | CMA USA Exam Performance Reports
US CMA CERTIFICATION BENEFITS
- International recognition
- It is the highest level of certification in Management Accounting. With increasing globalization, FDIs, outsourcing, off-shoring, US financial service MNCs in India and Indian companies listed in the US, CMAs with an international perspective are in very high demand.
- US CMAs believe their certification creates career opportunities and strengthens their ability to move across business areas.
- Career opportunities for US CMAs can be in Multi-national companies, Financial services or consulting firms and US-based firms & organizations
US CMA | CMA USA Exam Performance Reports
US CMA® CAREER
Designations vary from
- Cost managers
- Relationship managers
- Finance managers.
- Analysts
- Directors/Senior Director
- HOD
- Professors
- Vice President
CMA exam performance rate and results
CMA – IMA (US) VS. ICWAI (INDIA) VS. CIMA (UK)
| CMA – US | CMA – India | CIMA – UK | |
|---|---|---|---|
| Credentials issued by | IMA (Institute of Management Accountants), US | The Institute of Cost Accountants of India (formerly ICWAI), India | CIMA (Chartered Institute of Management Accountants), UK |
| Course Duration | 6 months | 3-4 years | 2-4 years |
| Approximate Cost (Training + Examination) | INR 120k – 150k | INR 100k | INR 200k |
| Academics | 2 papers, single-level exams | 20 papers, 3-level exams | 16 papers, 5-level exams |
| Recognition | Globally recognized | India | UK & Commonwealth countries |
US CMA | CMA USA Exam Performance Reports
US CMA® SYLLABUS
The syllabus includes Economics, Business Finance, Situational analysis and decision making with a strong emphasis on ethics. It is combined with relevant rule-based subject matter to provide you a sound critical thinking and decision making skill.
Candidates for CMA designation have to pass the following two parts:
| Part 1: Financial Reporting, Planning, Performance, and Control | Part 2: Financial Decision Making | |
|---|---|---|
| Syllabus |
|
|
| Duration | 4 hours | 4 hours |
| Marks | 500 (passing percentage 72%) | 500 (passing percentage 72%) |
| Question Pattern | 3 hours- 100 multiple choice question (weightage 75%) and 1 hour- 2 essay type question (weightage 25%) | 3 hours for 100 multiple choice question (weightage 75%) and 1 hour for 2 essay type question 30 minute each (weightage 25%) |
US CMA | CMA USA Exam Performance Reports
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