CMA Membership

Once a candidate has cleared his CMA exams, he can apply for his CMA membership with the Institute of Management Accountants (IMA).

How to Apply for CMA Membership?

• Visit the IMA Website: Visit the official website of the Institute of Management Accountants. Go to the membership section on the website. Find information about the different kinds of membership available and the benefits that are associated with each type.
• Application: A person has to fill out the online membership application form with the correct information. The details may include educational background, professional experience, and contact information. Once you’ve completed the application form, review it to ensure all information is accurate. At last, submit the application form through the website.
• Membership Fee: Pay the membership fee as specified by the institute. Membership fees may vary depending on the type of membership and the location of the candidate.
• Approval Process: The application will be reviewed by the membership team of the institute. If the institute is satisfied that the candidate meets the eligibility requirements and all the details produced are accurate, then the membership of the candidate will likely be approved. Upon approval, the candidate will receive confirmation of your membership. This may include a membership ID, login credentials for accessing member resources, and other relevant information.

Fees of CMA Membership

The membership fees for different types of membership are as follows,

• Professional membership fee: $295.00
• Academic membership fee: $160.00
• One-year student membership fee: $49.00
• Two-year student membership fee: $98.00

Benefits of CMA Membership

1. Professional Development Resources: Membership gives access to a variety of resources, including webinars, research publications, online courses, and other resources to help people stay updated on the latest trends and advancements in the field of management accounting and finance.
2. Networking Opportunities: It connects people with other professionals, educators, and industry experts and helps them grow socially and professionally. The institute organizes local chapter meetings, online forums, conferences, and networking events which provide people with an opportunity to expand their connections. Networking can help in exchanging ideas and exploring career opportunities.
3. Exclusive Content and Publications: Being a member has its perks. Members get access to exclusive content, research reports, industry insights, and publications drafted by experts in management accounting and finance.
4. Discounts and Benefits: It offers great discounts on exam fees, educational materials, and other professional development resources. Additionally, some membership benefits may include discounts on insurance, financial services, and other products and services.
5. Certification Programs: IMA offers different certification programs such as the Certified Management Accountant (CMA) designation, Financial and Managerial Accounting Associate (FMAA), and Certified in Strategy and Competitive Analysis (CSCA) which enhances career opportunities for the members.
6. Career Support: Members benefit from career resources that are offered by the institute and professional development tools designed for management accounting roles, helping them to achieve their professional goals.

Certified Management Accountant (CMA) is a professional with financial management and strategic decision-making expertise. They are important in helping organizations optimize resources, reduce costs, and improve profitability. They are committed to adhering to the Statement of Ethical Professional Practice set by the Institute of Management Accountants (IMA), which guides their behavior and decision-making in the workplace. CMAs can fill various roles including financial analysts, cost accountants, etc.

Key Takeaways:

• CMAs are recognized globally for their proficiency in financial management and strategic decision-making.
• To become a Certified Management Accountant, one must clear all the exams conducted by the Institute of Management Accountants (IMA) and meet the eligibility requirements.
• The CMA designation is a professional certification awarded by the IMA.