CMA Passing Rate Compared to Other Accounting Certification Exams
One of the most popular questions I get from my readers is: how
does the CMA exam pass rate compare to that of other accounting certification
exams?
Usually, this is because candidates are trying to determine
which is the hardest accounting exam, or they are comparing while deciding
which certification they are going to go for. It’s not a bad strategy, but pass
rates alone are not enough to tell you which exam is the hardest (or which one
is best for you).
Contrary
to popular belief, the overall CMA exam pass rates are lower than those of the
“most difficult exams”, such as CPA and CFA. The CMA
exam pass rate is also much lower when compared to some niche qualifications.
For example, the Enrolled Agent exam pass rate is 61-86%. These statistics usually surprise people, since
they expect the CMA to be easier, and therefore, have higher pass rates.
Should we conclude that the CMA exam is indeed more difficult,
or are there other factors to consider? Let’s take a closer look at the CMA
exam pass rate details.
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