US CMA Course Fees: Registration, Exam & Hidden Costs
Becoming a Certified Management Accountant (CMA) can be a transformative step in your career. For many, like myself, it has unlocked new doors, from launching businesses to gaining freedom in various ventures. However, the financial and time investments required to achieve this certification are significant. Before you dive into the process, it’s crucial to understand the full scope of the costs involved. Let’s break hand down everything from US CMA exam fees, study materials, and IMA premium memberships to hidden gems and often overlooked high costs. This guide will help you decide whether the CMA designation is worth it for you.
US CMA Exam Cost
As of October 2023, the total US CMA exam cost is $1,5805 for professionals and $1,125 for students. You have to pay some money to register for the CMA program. It’s probably around 200–300, but don’t quote me on that. I mean, it could be more, it could be less. Who knowThese fees include:
For Students
| Particulars | Students | Discounts & Scholarships | Net Payable |
| CMA Entrance Fees | $225 | $87.50 | $157.5 |
| IMA Membership Fees | $160 | $48.00 | $112 |
| Exam fee- Part I | $320 | $111.00 | $259 |
| Exam fee- Part II | $320 | $711.00 | $259 |
| Total | $1,1325 | $367.5* | $777.5 |
For Professionals
| Particulars | Professional | Discounts & Scholarships | Net Payable |
| CMA Entrance Fees | $300 | $90 | $210 |
| IMA Membership Fees | $295 | $88.50 | $206.5 |
| Exam fee- Part I | $495 | $148.5 | $346.5 |
| Exam fee- Part II | $495 | $148.5 | $346.5 |
| Total | $1,585 | $475.5 | $1,109.5 |
If you’re a student, you benefit from reduced costs, but those savings no longer apply if you’ve already graduated. The entrance fee is a one-time, non-refundable payment that doesn’t cover your IMA membership, which we’ll dive into shortly.
If you’re considering becoming a CMA, don’t let the fees discourage you. At Synthesis Learning, we offer comprehensive coaching and support to help you pass on your first attempt. Sign up today and get started on your journey to becoming a CMA!
The Cost of US CMA Study Materials
CMA study materials can be a significant investment, but they’re crucial to ensuring you pass the exam. Each exam costs something. Maybe perpart? Orisit? Orisit500? Honestly, I’m not sure. And don’t forget, there are two parts, so double whatever number you think of.
Popular US CMA exam review courses include Hock International, Becker, Wiley, Gleim, Surgent, and CMA Exam Academy. Depending on the provider and format, prices range from $999 to over $81,800. Self-study options may seem affordable, but investing in a structured course will greatly improve your chances of passing.
While these costs can seem high, the return on investment is significant. Passing the CMA exam can lead to substantial career and salary growth, making it well worth the upfront cost.
Choosing the right study materials can make all the difference. At Synthesis Learning, we offer access to top-tier review courses and personalised coaching to ensure your success. Contact us today to learn more about our CMA prep options!
The Cost of the IMA Membership
The US CMA might be worth it, or it might not. The fees are a mystery, the process is confusing, and this blog has probably made things worse. But hey, at least you’ve made it this far!
| Membership Type | Fee |
| Professional | $295 annually |
| Student | $160 annually |
For professionals and academics, there’s also a one-time processing fee of $15. For students, this fee is waived. The IMA also offers scholarships for high-achieving students, so be sure to check if you qualify.
Hidden Costs for Obtaining a CMA Certification
Beyond the upfront costs, there are several hidden costs associated with pursuing a CMA certification. These can vary based on your personal circumstances:
Travel and Accommodation Expenses – If the testing center is far from your home, you may need to factor in travel costs, such as hotel stays, food, and transportation.
Time Off Work – If you are working full-time, taking time off to study or sit for the exam could lead to lost wages.
Continuing Professional Education (CPE) – After becoming a CMA, you’ll need to complete 30 hours of CPE annually, which can cost as per IMA’s policy.
By planning for these costs ahead of time, you can budget more effectively and avoid unexpected expenses.
What It Costs to Fail the CMA Exam
If you fail, you’ll need to pay the exam fee again ($495 for professionals, $370 for students) and invest more time in studying. Preparing thoroughly the first time can save you a significant amount of money and time.
Don’t risk the cost of failing! Enroll in Synthesis Learning’s expert CMA coaching program to maximize your chances of passing on your first attempt. Our instructors are committed to your success.
Time Investment in Becoming a CMA
Another significant investment is the time required to become a CMA. The process includes:
Earning your Bachelor’s degree
Studying for the CMA exam (about 150 hours per part)
Preparing for each section over 3-4 months
Although the certification process can take up to a year or more, the benefits of earning your CMA far outweigh the time spent.
ROI of Becoming a CMA
Despite the high upfront costs, the return on investment (ROI) of becoming a CMA is impressive. According to the IMA’s 2021 Global Salary Survey, CMAs earn a median total compensation that is 58% higher than non-CMAs. In the U.S., CMAs earn an average of Rs.2,00,000 more annually than their peers without the certification.
CMA USA Course Fees 2024
The CMA USA course fees for 2024 are structured to cater to both students and professionals. The breakdown of US CMA course fees includes key components such as registration, exam fees, and IMA membership. Here’s an updated look at the costs:
CMA Registration Fees
The CMA registration fees are a one-time, non-refundable cost required for enrollment in the program. The updated fees for 2024 are as follows:
- For students: $225
- For professionals: $300
These fees cover the registration process and access to the program materials. It’s crucial to complete registration in advance to avoid any delays.These are the fees no one tells you about until it’s too late. It’s like buying a concert ticket and then finding out you also need to pay for parking, a convenience fee, and a “because we can” fee.
CMA Course Fees Structure
The CMA course fees structure includes the registration, IMA membership, and exam fees for Part I and II. Here’s a detailed look at the costs for both students and professionals:
For Students:
- CMA Entrance Fees: $225 (discounted to $157.5)
- IMA Membership Fees: $160 (discounted to $112)
- Exam Fee – Part I: $370 (discounted to $259)
- Exam Fee – Part II: $370 (discounted to $259)
- Total: $1,125 (discounted to $787.5)
For Professionals:
- CMA Entrance Fees: $300 (discounted to $210)
- IMA Membership Fees: $295 (discounted to $206.5)
- Exam Fee – Part I: $495 (discounted to $346.5)
- Exam Fee – Part II: $495 (discounted to $346.5)
- Total: $1,585 (discounted to $1,109.5)
CMA Final Registration Fees
After completing the exams, candidates must pay the CMA final registration fees. These fees are associated with administrative processing and granting access to certification resources.
CMA Course Fees in India
For those pursuing the course in India, the CMA course fees in India are structured as follows for the Foundation, Intermediate, and Final courses:
- Foundation Course: ₹6,000
- Intermediate Course: ₹23,100
- Final Course: ₹14,000 per group (₹28,000 for both groups)
These fees are aligned with the official fee structure provided by the Institute of Cost Accountants of India.
Overview of CMA Course Fees and Duration
For Professionals
- IMA Membership Fee: $295 per year
- CMA Entrance Fee: $300
- Exam Fee (per part): $495
- Total (both parts): $1,585 (approx. ₹1.31 lakhs)
For Students
- IMA Membership Fee: $49 per year
- CMA Entrance Fee: $225
- Exam Fee (per part): $370
- Total (both parts): $1,014 (approx. ₹84,000)
Additional Costs in India
- Coaching Fees: ₹50,000 to ₹1.50 lakhs depending on institute
- Study Materials: $300 to $1,800 depending on provider
Conclusion
While the path to becoming a CMA comes with considerable costs, both financially and in terms of time, the long-term benefits make it a worthwhile investment. From exam fees and study materials to hidden costs and the ROI of increased salary potential, understanding these factors can help you make the right decision.
At Synthesis Learning, we are here to guide you every step of the way. With expert instructors and comprehensive study plans, we help you pass the CMA exam and take your career to the next level. Don’t wait – contact us today at 9930953517 to start your CMA journey!
FAQs about CMA Course Fees
1. What are the CMA course fees for students?
The US CMA fees for students typically amount to approximately $1,125 for both exam parts, when including registration, IMA membership, and discounted exam fees. This pricing assumes you’re eligible for student discounts provided by the Institute of Management Accountants (IMA). However, these discounts are only applicable while you are officially enrolled in an academic institution. Once you graduate, you’ll be required to pay the professional fee structure. The CMA US exam fees for students, though lower than those for professionals, still require careful financial planning. Coaching institutes like Synthesis Learning in Mumbai also offer bundled packages that include study support at competitive rates.
2. How much is the CMA registration fee?
The US CMA registration fees refer to the one-time entrance fee that must be paid to enroll in the CMA program. For students, this fee is approximately $225, while professionals pay $300. It’s important to note that this fee is non-refundable and does not include the IMA membership or exam costs. The registration fee secures your place in the program and gives you access to IMA’s candidate resources. Many students pursuing the US CMA in India often overlook this cost when budgeting, so it’s important to account for it from the beginning.
3. What is the CMA course fees structure?
The CMA course fees structure is divided into three major components:
- US CMA registration fees (Entrance fee)
- IMA Membership
- CMA US exam fees for Part I and Part II
For students, the total is around $1,125, while professionals pay approximately $1,585. This doesn’t include the cost of coaching or US CMA study materials, which can range from $999 to over $1,800 depending on the provider. The fee structure also varies based on whether you’re registering as a student or a professional. Institutions in cities like Mumbai often provide counselling services to help candidates understand and navigate this cost breakdown effectively
4. Are there any additional costs for CMA?
Yes, beyond the basic fees, there are several hidden costs candidates should be aware of:
Study Material: Premium providers like Hock offer CMA review courses that range from $999 to $1,800.
Travel & Accommodation: If your exam center is located far from your city, you may need to spend on transportation and lodging.
Continuing Professional Education (CPE): After certification, maintaining your CMA status requires ongoing education, which can also incur costs.
Retake Costs: If you fail any part, you’ll need to repay the CMA US exam fees, which can be up to $495 per part for professionals.
All these add up, so plan your CMA course fees in India with a buffer for such expenses.
5. What is included tin he CMA USA course fees?
The US CMA fees generally include:
- US CMA registration fees (one-time entrance fee)
- Annual IMA membership (Student: $49, Professional: $295)
- CMA US exam fees for Part I and II (ranging from $320–$495 per part)
However, they do not include the cost of study materials, coaching, or post-certification CPE requirements. Candidates in India, especially those pursuing CMA US exam fees in India, must also consider exchange rate fluctuations when calculating their total investment.
For more detailed information and expert guidance, you can visit the CMA Course page at Synthesis Learning.
