CGMA Eligibility
A. Educational Requirements
Candidates must have a bachelor’s degree or higher from a recognized educational institution in accounting, finance, business administration, or a related field. Some additional coursework or credits in management accounting or related subjects may be required.
B. Experience Requirements
Candidates must have relevant work experience in management accounting or a related field often ranging from one to five years. Candidate shall have verified work experience in tasks such as financial analysis, budgeting, strategic planning, and decision support.
C. Examination Requirements
CGMA candidates must qualify for the required exams to demonstrate their knowledge and skills in management accounting. This examination includes case studies, computer-based assessments, or other evaluation methods. The candidates are excepted to complete Certificate in Business Accounting and CGMA Professional Qualification.
D. Process
1. Meet the educational and experience requirements mentioned above.
2. Gather all the necessary documents like transcripts, experience letters, and any relevant certifications.
3. Visit the official website of the Chartered Institute of Management Accountants (CIMA) to apply for the course online. You may also apply offline by visiting regional offices.
4. After being registered, qualify for all the relevant examinations and obtain the CGMA Certificate. Further, you need to become a member of either the AICPA or CIMA to maintain your CGMA designation.
E. Fees
1. Registration Fee:
|
Registration (one-time payment) |
GBP 99 |
|
Re-registration |
GBP 99 |
2. Subscription Fee:
Existing candidates must pay their subscription fee before 31 March each year to prevent expiration.
|
New candidates (first year’s subscription fee) |
Free |
|
Candidates |
GBP 139 |
|
Affiliates (candidates who are taking a short study break) |
GBP 99 |
|
Candidates who have passed Strategic Case Study exam |
GBP 319 |
|
Practical Experience Requirements (PER) application fee |
GBP 190 |
3. Exam Fee:
CIMA’s CGMA exams are priced based on a tiered structure mentioned below:
Tier 1: Western Europe, Australia, Singapore, USA and Canada.
Tier 2: Rest of the world
Tier 3: Sub-Saharan Africa
|
Exam Fee Subject-wise |
Tier 1 |
Tier 2 |
Tier 3 |
|---|---|---|---|
|
Certificate in Business Accounting – Objective Tests (per exam) |
GBP 117 |
GBP 106 |
GBP 85 |
|
Professional Qualification: |
|||
|
Operational Level – Objective Tests (per exam) |
GBP 138 |
GBP 125 |
GBP 98 |
|
Operational Level – Case Study |
GBP 239 |
GBP 223 |
GBP 181 |
|
Management Level – Objective Test |
GBP 164 |
GBP 143 |
GBP 122 |
|
Management Level – Case Study |
GBP 246 |
GBP 232 |
GBP 189 |
|
Strategic Level – Objective Test |
GBP 232 |
GBP 223 |
GBP 168 |
|
Strategic Level – Case Study |
GBP 350 |
GBP 329 |
GBP 287 |
Note: GBP stands for British Pound Sterling. As of 29th April Current Price of, £1 British Pound sterling (GBP) = $1.25 United States Dollar(USD)
4. Exemption Fee:
There is no charge for exemption fees.
F. Membership
Candidates who meet the eligibility criteria and complete the required exams or assessments are awarded by CGMA membership, granted by the Chartered Institute of Management Accountants (CIMA).
Benefits of CIMA Membership:
- The Chartered Global Management Accountant (CGMA) designation is globally recognised as most trusted profession.
- Imparts package of skills that develop the career and add on value to its members.
- A series of web broadcasts throughout the year that keep members updated about the relevant changes in rules nad practice.
- Networking opportunities are provided to the members.
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