Indications of CMA Exam Difficulty: Pass Rates
The first
sign we have that the CMA exam is fairly challenging is the CMA
exam pass rate.
CMA Exam Pass Rates
|
Exam Part |
2013 |
2014 |
2015 |
2015-2016 |
2016-2017 |
2017-2018 |
|
Part 1 |
35% |
35% |
36% |
35% |
35% |
40% |
|
Part 2 |
42% |
49% |
55% |
52% |
50% |
50% |
As you
can see, the average CMA exam pass rate for the last few years has been about
43%. In comparison, the overall CPA
Exam pass rate is about 50%, and the CPA Exam
has a reputation for being very difficult.
So, is the CMA exam more difficult than the CPA Exam? Not
necessarily.
One important
reason for the CMA exam’s low pass rate is the low CMA exam requirement.
To sit for the CMA exam, a candidate only needs a bachelor’s degree. And, that
degree can be in any discipline and from just about any country.
The CPA Exam requirements are
much stricter. Candidates must accumulate accounting credit hours equivalent to
an accounting major and graduate with a 4-year bachelor’s degree. After that, a
CPA candidate must earn 30 additional credit hours of education for a total of
150 hours. Therefore, the CPA candidate pool has a much stronger background in
accounting, which helps bump up the overall pass rate.
For this reason, we cannot say that the CMA exam is definitely
more difficult than the CPA Exam or other accounting certification exams with
higher pass rates. However, we can say that at least half of the candidates
that sit for the CMA don’t pass, so this exam is certainly not easy.
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