Lessons from the CMA Exam Pass Rate
Before you let these low pass rates scare you away, let me
explain some other important details about the CMA exam. These things impact
the pass rates and it is important to how you view them. Let’s explore.
1.
Diversified Pool of Candidates
First, while the Institute of Management Accountants (IMA)
welcomes CMA candidates from all over the world, the exam format is
U.S.-centric. Candidates outside of the U.S. may not be familiar with the
terminology in the multiple-choice questions, and if their native language is not
English, scoring well on the essays can be quite challenging. We outlined some
ways this impacts the pass rate above.
2. Low
Barrier of Entry
Second, the IMA lets candidates with just about any type of
bachelor’s degree take the CMA exam. It is not specific to accounting degree
holders. In contrast, CPA Exam candidates must take a substantial number of
accounting and business courses.
The low barrier of entry attracts candidates who just want to
give the exam a try. These casual takers do not invest sufficient time, money,
or effort into properly preparing for the exam. You don’t have to be one of
them and add to the statistic of lower pass rates. That’s why we are going over
it now.
Conclusion
Now that you know more about CMA exam pass rates, you can prepare
for taking the exam yourself and passing on the first try.
Therefore,
·
If you have a good command of
English, and/or
·
If you work hard and complete lots of
practice questions to get familiar with the style of the multiple-choice
questions,
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