In order to get good at solving questions, you have to practice a very good number of questions by yourself. It is easy to come for a class and watch your trainer explain concepts and do questions. Studying at home after your class is absolutely essential: When it comes to passing the CMA exam, you have to study in the right way, NOT THE EASY WAY. Although your previous qualifications and experience helps a lot in understanding concepts, the CMA exam is a lot about techniques which come only from question practice and good lecturer support.ģ. A lot of these students become over confident because of that. Stop thinking of yourself as a financial expert : A great number of students who enter into the CMA qualification have studied accounting and finance for several years at universities and have years of experience in the industry. It is so recognized all over the world because it is a challenging and a very comprehensive exam.Ģ. And Yes! Remember! If CMA was easy, it would not have much worth. to know that the exam is challenging and you will have to put in a significant amount of hard work in order to pass. The first thing you need to do to pass the CMA exam is to have the right mindset i.e. If you think you can just pass the exam by skimming through the book a few times and doing a few questions, GET READY FOR A SURPRISE. CMA is not easy : Most people get drawn towards the CMA qualification because it has just two computer based exams. In this article I will briefly share with you a few key points on how the pass the CMA exam in the first attempt.ġ. To be exact, the CMA pass rate for the entire Middle East is just 10%, which is even less than a pass rate of 15% for the CFA qualification (Chartered Financial Analyst) which is famous for being very challenging. Although the number of new students enrolling in the CMA program is very high, the number who actually ends up passing the exam is very small. That means everything is going great, right? WRONG.
In terms of the figures according to the recent IMA Salary Survey, CMA qualified employees earn on average 33% more than non-CMAs.
Employers benefit by having competent management accountants who can help the company make informed decisions whereas the employees benefit from earning higher remunerations. The number of students enrolling into the program has increased many times which is something very positive both for the employers and the employees. CMA all over the Middle East in general and Qatar in particular has seen amazing growth in the recent few years.
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