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US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories :  Success stories from leaders 

CMA certification has been instrumental in advancing the careers of accounting and finance professionals from a variety of backgrounds. Hear just a few of their inspiring.

Bob Laux, CMA, CPA 
Treasury Controller, Microsoft Corporation

(General Motors) said, “The only reason we even picked your resume out of a stack of 100 was because the CMA was  on it.

Brian Neale, CMA, CPA
Finance Manager, General Mills

The CMA allowed me to be eligible for a controller position.

Kim R. Wallin, CMA, CFM, CPA
Former Nevada State Controller

When I was actually elected, that’s when I said, ‘I know that I was elected because of my CMA.’ It made a big difference.

Virginia D. White, CMA
Corporate Purchasing Finance Director, Cummins

Getting my CMA has really helped within the finance ranks, because this certification is very much valued at our  company.

Christian Cuzick, CMA
Senior Director of Finance, Janssen Canada, Johnson & Johnson

It looked like the CMA was a certification that they (Johnson & Johnson) supported. They reimbursed for it. And, on top of it, they actually were paying out a bonus, so as a part of your pay, you actually got rewarded.

E. Frank Impson, Jr., CMA, CFM
Accounting Manager, Mercedes-Benz Vans, LLC

Mercedes Benz said that they looked at the CMA and looked at some of the background and experience I had, and they  said that’s what made me stand out.

Ashley Gibson, CMA, CPA
Manager, Deloitte & Touche LLP

I’m understanding truly what my clients are thinking on a day-to-day basis.

Jeremy Vryhof, CMA
Integrated Business Planning Manager, Stryker

It’s definitely made me more marketable.

Kevin Nembhard, CMA
Senior Manager, Finance Technology, Walmart

(Morgan Stanley) know from that credential that I have the mastery in the accounting field. So it puts me out there as an  expert.

Irvin Andre Alexander, III, CMA, CFM, CPA
Vice President and Chief Financial Officer, WGBH

I had the unique opportunity of coming into the organisation and rebuilding the finance function from the ground up.

US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories : The percentage of marks that students are too score to pass the CMA exam is 72% for each of parts one and two. Considering the scope of the syllabus, and the complexity of the topics, the pass percentage over the years has not been very high.

US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories :  The following have been the pass percentage is in the CMA exams:

JANUARY TO OCTOBER 2016SEPT 14 TO JUN 16
Part 1 – Financial Reporting, Planning, Performance and Control34%35%
Part 2 – Financial Decision-Making50%50%

US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories : Though the CMA examinations are computer-based, the results are not declared immediately since there are essay type questions that the candidates have to answer. After the evaluation of the essay type answers is complete. Approximately two weeks after this, the results are emailed to the candidates.

In case the candidate has been declared unsuccessful, It will provide them with a detailed report indicating their performance in each topic, including in the essay type questions. The candidates can use this report to understand what went wrong and prepare better for the retake.

US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories :  Below is the exam window and the subsequent score release dates.

Testing WindowScore Release Date Range
January and February2nd week of Feb – 1st week of Apr
May and June2nd week of Jun – 2nd week of Aug
September and October2nd week of Oct – 2nd week of Dec

(Stephanie’s note: results is typically released 40 days / 6 weeks after the end of the month you took the exam.)

US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories :  Essays are graded offline by ICMA, so it takes time for the official score to be released by IMA. So you expect the result being declared in 6th week from the end of the month in which you appeared for it.

Now, How Do They Grade the Exam?

  • MCQ (multiple choice question) section is around 75% of the total score.
  • Essays are for 25% of the total score.
  • However to be able to appear for the essay section in the exams, we must score at least 50% on the multiple-choice section.

Here is the Catch

TypeScore PatternScore
 MCQ 75% 375
 Essay 25% 125
 Total 100% 500

Now, in order to proceed to essay section we need to score 50% in MCQ Section. But note that 50% scoring is actually 250 marks {50% of 500 total scoring} and not 188 marks {which 50% of 375 MCQ}.

That means we need to get a score of 66.67% {250 /375} in MCQ section.

Yes, it’s a weighted scored but still we need to be keeping the same in mind.

(Stephanie’s note: it is likely more complicated than this straight formula because there is a process in which the raw result is converted into a scaled score, but the general idea is there.)

Minimum Score Required to Pass the Exams

In order to pass the entire exam of each part, the minimum scoring is 360 out of 500. This scaled scoring allows the candidates to know how they perform in the relation to the passing standard of 360.

US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories :  There is a simple formula when it comes to CMA exam results dates:

It’s around 40 days from the last day of the month you took the test. Update: in the last two rounds, it has been 42 days, and no longer on Fridays or Mondays. We have changed our estimation accordingly.

Example:

If you take the exam on January 30th, you will know the date sometime in the middle of March.

If you take the exam on January 2nd, your CMA exam result is released the same day as the above because it is 6 weeks after the end of the month you tested.

The result will be updated online in your IMA profile. The mail will come in 2-3 weeks after that.

US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories :  Estimated 2017 CMA Score Release Dates

Testing months (1H 2017)
JanFebMayJun
Est. score release datesMar 10Apr 7/10Jul 7/10Aug 11
Actual score release

FYI, my predictions last year were a couple of days later than the actual dates. Typically I predicted a Monday release and they had the results released on Friday instead.

 Testing months (2H 2016)
 May
 Jun Sep Oct
 Est. score release dates Jul 15/18 Aug 12/15 Nov 11 Dec 12
 Actual score release Jul 12 Aug 11 Nov 11 Dec 8

US CMA | CMA USA Success Stories Detail Information

US CMA | CMA USA Success Stories :  Once you have received authorisation from ICMA, it is your responsibility to schedule your appointment at a Pro metric Testing Center. Log onto www.prometric.com/ICMA to locate a testing center, schedule, confirm, reschedule, or cancel your appointment 24 hours, 7 days a week. Instructions are provided by ICMA at the time your authorisation letter is emailed that provides further options for scheduling. ICMA is not responsible if you delay scheduling and there are no longer appointments available within your authorisation period. You will be given a confirmation number at the time you schedule an appointment; you should make a note of this number. If you do not schedule an appointment or you don’t appear for a schedule appointment in the selected testing window, you will forfeit your exam fee.

The CMA examination is given in a computer-based format, and is offered at Pro metric Testing Centers located throughout the world. An up-to-date listing of all Prometric Testing Centers can be found at Prometric’s website. www.prometric.com/ICMA. Parts 1 and 2 are offered during the following three testing windows. January/February May/June September/October Registrations for Parts 1 and 2 will close on or after the 15th of February, June, and October. Register for the exam: 1. On-line at the online store. 2. Calling 800-638-4427, or (201) 573-9000 with your credit card information.

US CMA | CMA USA Success Stories Detail Information

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