The total cost for CMA (Certified Management Accountant) certification typically ranges from $1,014 for students to $1,585 for professionals, assuming no exam re-takes are needed. This cost can vary based on your membership status with the Institute of Management Accountants (IMA) and includes membership fees, an exam entrance fee, and the fees for both parts of the CMA exam.
Understanding CMA Certification Costs
The overall expense for obtaining your CMA certification is composed of several distinct fees. These fees differ significantly depending on whether you qualify for a student membership or fall under the professional category. It's crucial to understand each component to accurately estimate your investment.
Detailed Cost Breakdown for CMA Certification
Here's a breakdown of the specific costs associated with CMA certification, distinguishing between student and professional rates:
| Cost Item | Student Rates | Professional Rates |
|---|---|---|
| IMA Membership (Annual Fee) | $49 | $295 |
| Entrance Fee to take the CMA Exam | $225 | $300 |
| CMA Exam Fee (Per Part) | $370 | $495 |
| CMA Exam Fee (Total for 2 Parts) | $740 | $990 |
| Total Estimated Costs (Assuming no re-takes) | $1,014 | $1,585 |
It's important to note that the exam fees are charged per part, and since the CMA exam consists of two parts, the total exam fee reflects the cost for both. The "Total Estimated Costs" represent the full investment if you pass both exam parts on your first attempt. Additional costs may be incurred if re-takes are necessary.
