If you aspire to become a Certified Management Accountant, you may wonder: What is required for a CMA certification? The CMA test consists of two parts. You may have to work for two years full-time before sitting for it. You may have to take both parts in two years, or you can do it in one. You can take the parts in any order that suits you best. To apply for the CMA, you must have a full-time job.
Work experience:
The first step toward a CMA career is to get some work experience. You can fill this requirement by working as an intern in a finance or accounting department. The internship should be in a position where you must make regular judgments about financial and management accounting principles. Experience in these areas can be invaluable in preparing you for the exam. Once you have some experience under your belt, you can start looking for a job as a CMA.
Education requirements:
The education requirements for a CMA are a little more complex than most people think. To earn a CMA, you must complete a two-year program and work for at least four years in a full-time, permanent position in an industry involving management accounting. These hours must be equivalent to at least twenty hours per week. You must complete the program before sitting for the CMA exam or within seven years of passing it.
Continuing education requirements:
The CMA designation is one of the highest levels of certification in the financial services industry. It is also a very rewarding achievement. Earning the CMA designation demonstrates self-discipline, courage, and respect, which is rare in any other professional position. Continuing education requirements for a CMA are an essential component of obtaining certification. The courses offered by the IMA can assist CMA candidates in furthering their education and career goals.
Time commitment:
How long does it take to study for the CMA exam? The time you need to spend on your CMA preparation depends on your schedule and study habits. A good rule of thumb is 90 hours of study per exam. This can take anywhere from seven weeks to three months. Some candidates study more than this, so this time frame is best for them. This article will provide study tips and strategies to make the most of your time.
