How Much Does the CMA Certification Cost?

The Certified Management Accountant (CMA) designation is a globally recognized credential for accounting and finance professionals. It signifies expertise in financial planning, analysis, control, and decision support. This certification can enhance career opportunities and earning potential within the accounting and finance fields. Understanding the financial investment required to obtain and maintain the CMA certification is important for prospective candidates.

Initial Program and Exam Fees

Beginning the CMA certification journey involves several mandatory fees paid directly to the Institute of Management Accountants (IMA), the credentialing body. Active IMA membership is a prerequisite for all CMA candidates, and the annual fee varies by membership type. A professional membership typically costs $295 per year, while academic members pay $160 annually, and student members pay $49 per year. This initial membership is required to formally enter the CMA program.

After securing IMA membership, candidates must pay a one-time CMA entrance fee. For professional members, this fee is $300, while student and academic members pay $225. This entrance fee covers application processing, access to performance reports, and credential review for education and experience qualifications. The program entrance fee provides candidates with three years to pass both parts of the CMA exam and a total of seven years to meet all certification criteria.

The CMA exam consists of two parts, and a separate fee is required for each part every time a candidate registers. For professional members, the exam registration fee is $495 per part. Student and academic members pay a reduced fee of $370 per part. These fees are subject to change, with updated rates taking effect on September 1, 2025, where professional exam fees will be $545 per part and student/academic fees will be $407 per part. If a candidate needs to reschedule an exam within 30 days of the scheduled date, a $50 fee may apply, and rescheduling less than three days before the exam results in forfeiture of the fee.

Costs Associated with Exam Preparation

Preparing for the CMA exams typically involves a significant financial investment in study materials and review courses, which can be the most variable component of the total cost. The IMA itself offers some online learning resources and practice kits, though many candidates opt for more comprehensive third-party review courses. These third-party providers, such as Becker, Gleim, and Wiley, offer various packages that cater to different learning styles and budgets.

Comprehensive review courses generally range from $1,200 to $1,800, with some providers offering different tiers like basic, premium, or ultimate packages. For example, Gleim offers a Mega Test Bank for around $999, a Traditional course for $1,349, and a Premium course for $1,599. Wiley’s offerings can include a Pro CMA Review Course for $1,200 or a Platinum course for $1,500, with some discounts available. These packages often include video lectures, digital textbooks, practice questions, mock exams, and study planners.

Beyond full review courses, candidates may incur costs for supplementary resources. This can include purchasing core textbooks or additional study guides, and dedicated practice question banks. Some candidates may also invest in flashcards, tutoring services, or join study groups, which can involve additional fees. While some free study materials and webinars are offered by the IMA and various providers, a comprehensive preparation strategy often necessitates paid resources.

Membership and Ongoing Certification Costs

After earning the CMA certification, there are ongoing financial obligations to maintain the credential. Continued active IMA membership is mandatory for certified CMAs. The annual renewal fee for certified CMAs is $30. This recurring fee ensures access to IMA resources, networking opportunities, and helps uphold the value of the certification.

In addition to the annual membership renewal, CMAs must fulfill continuing professional education (CPE) requirements. The IMA requires CMAs to complete 30 hours of CPE annually. These hours can be earned through various educational activities, and the associated costs can vary widely.

Many CPE courses are offered for free or at a discounted rate by the IMA. However, other options, such as attending webinars, seminars, or conferences, typically involve registration fees ranging from tens to hundreds of dollars per event. Taking online courses from third-party providers also incurs course fees. Some professionals opt for CPE subscriptions that provide access to a library of courses for an annual fee. Depending on the chosen methods, the annual cost for CPE can range up to $1,200.