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All in all, you may be thinking about what the US CMA Exam is. For what reason is this CMA USA Exam acquiring such a lot of prevalence? For what reason do a large portion of the understudies pick the CMA USA profession?
The US CMA is an extraordinary level confirmation course for the understudies in administration accounting presented by IMA (Institute of Management Accountants), USA.
Difficulty level: How Difficult Is the CMA USA Exam?
Most of the CMA USA aspirants are curious to know how difficult the US CMA Exam is. As the CMA pass rate shows the difficulty level of the exam. Most of the CMA USA candidates are even at a loss to get passing scores. Currently, you might be thinking, what completely makes the CMA exam so hard?
There can be many reasons for the hard level of the exam. But the level of hard isn’t the only matter; the students lack proper guidance. At NSA, students get the best guidance and are provided with modern study material and enough preparation with mock tests and other assessments. The CMA USA aspirants here are guided for a solid study timetable, a level of confidence with mocks, and proper time management.
The US CMA Exam is considered as hardest as it examines the mental limits of a single person.
The average passing rate for both parts is 45%, which suggests less than half of the aspirants taking the test rate will pass. Preparing for any exam requires preparation and so does this.
The Top 3 Reasons for US CMA Exam Difficulty
1. Curriculum
The scope of material covered in this exam is much small as compared to other accounting and financial courses like CFA and CPA.
A US CMA Exam includes two parts:
- Part 1 deals with including budgeting, forecasting, financial accounting, performance management, internal controls, and cost control.
- Part 2 deals with corporate finance, financial statement analysis, risk management, decision analysis, professional ethics, and investment decisions.
2. Pass Rates
As mentioned above the passing rate of this exam is less than half, and few lucky candidates get passing scores. You can prepare for the CMA exam after the 12th and must have relevant work experience of two years in 7 years, from the date of passing the exam.
No other accounting background awareness may be contributing to the lower passing rates. A candidate having the same stream has more chances of studying well in the subject. For students who shortage of CMA Basics no worries, take part in the Free Basic classes from NorthStar to start your CMA USA journey.
3. Exam Composition
The exam consists of just 2 Parts that sometimes students feel might be hard enough to pass. And CPA includes 4 parts which show courses are divided equally with less burden.
This generates a kind of fear among the students. To conquer this study schedule, time management and proper guidance are all included in a student to score a passing rate.
US CMA Exam Conditions
The CMA certification just needs a bachelor’s degree to get the final certification and doesn’t need any specific degree for certification. Like other courses which need a specific degree to apply for a course, any bachelor’s degree will make eligible you to take the CMA USA exam.
CMA USA Exam Pattern and Structure
The US CMA Exam consists of two different parts. As told earlier, the passing rate for Part 1 is only 40%, and 50% for Part 2. 100 multiple-choice questions and 2 essay questions are included in each part of the CMA exam.
For the MCQ section, candidates will only have three hours and for the essay section, they will have one hour. CMA Exams are managed at Prometric centers around the world and are computer-based.
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