The Certified Management Accountant (CMA) course is one of the most prestigious certifications for professionals in management accounting. It provides individuals with the tools and skills needed to excel in fields like financial analysis, budgeting, and management.
The CMA qualification is internationally recognised and is highly sought after by professionals aiming to boost their careers in accounting. Understanding the fee structure is essential for anyone considering enrolling in this course. Whether you are looking to pursue the foundation, intermediate, or final level of CMA, knowing the CMA course fees upfront will help you plan your finances. Financing options, such as a CA loan, can assist those who wish to spread the cost over time and pursue their goal of becoming a certified management accountant without financial strain.
CMA course fees structure
Course Level |
Fee Details |
Total Fee |
Foundation |
Prospectus: Rs. 250 Course Fee: Rs. 6,000 |
Rs. 6,250 |
Intermediate |
Full Payment: Rs. 23,100; Instalment Option: Rs. 12,000 (at registration) + Rs. 11,100 (before exam) |
Rs. 23,100 |
Final |
Full Payment: Rs. 25,000; Instalment Option: Rs. 15,000 (at registration) + Rs. 10,000 (before exam) |
Rs. 25,000 |
Embarking on your CMA journey is an exciting step toward career growth, but managing the fees can feel daunting. A CA loan from Bajaj Finance offers the perfect solution, enabling you to focus on your studies while managing your finances with ease. With flexible repayment terms, it’s a financial tool tailored for aspiring accounting professionals like you.
Note: For Intermediate and Final courses, the remaining fee must be paid before the respective term examinations (June or December).
CMA foundation fees
The CMA Foundation course is the entry point into the CMA qualification process. The fees for this foundational level are relatively modest, given that it is designed to give you a basic understanding of management accounting. The CMA Foundation exam fees is typically Rs. 6000, which covers your examination and registration fees. Keep in mind that you may also incur additional costs for study materials and coaching classes if you choose to enrol in them.
| Fee type | Amount (INR) |
| Exam fees | Rs. 6000 |
| Registration fees | Rs. 1200 |
CMA intermediate fees
The CMA Intermediate level builds on the foundational knowledge of management accounting, and the fees for this level are higher. It includes more in-depth study materials and practical training, so the cost is slightly more significant. The exam fees for the CMA Intermediate level is typically Rs. 12,000, and there may also be additional charges for coaching and study materials.
| Fee type | Amount (INR) |
| Exam fees | Rs. 12,000 |
| Registration fees | Rs. 2400 |
CMA final fees
The CMA Final course is the last step in obtaining the certification, and as such, it comes with the highest fees. The CMA Final exam fees generally ranges from Rs. 18,000, which includes examination, registration, and other necessary costs. It is crucial to prepare well for this level, as it tests everything you have learned throughout your CMA journey.
| Fee type | Amount (INR) |
| Exam fees | Rs. 18,000 |
| Registration fees | Rs. 2800 |
CMA Course Registration Process
Admission Period:
Applications for the CMA Foundation course are accepted year-round.
To appear for the June Term Examination, apply by 31st January.
To appear for the December Term Examination, apply by 31st July.
Application Fees:
Foundation Course: Rs. 6,000
Application Process:
Visit the official ICMAI website.
Complete the online application form.
Upload necessary documents, such as:
Passport-sized photographs
Mark sheets and degree certificates
Pay the applicable course fee.
Ensure all documents are correctly uploaded and fees are paid to complete the registration process.
CMA scholarship
The CMA Institute offers various scholarships to deserving candidates. These scholarships can significantly reduce the overall financial burden of the course. The value of scholarships may vary, but some of the most notable ones provide substantial assistance, covering both the tuition fees and exam fees. The total scholarship amount available exceeds approximately 14 million US dollars.
Whether you are paying for the CMA Foundation, Intermediate, or Final level, the combined costs can add up. Don’t let financial concerns slow you down. Opting for a CA loan can help you spread out expenses and ensure uninterrupted progress toward earning your CMA certification. Check your CA loan eligibility if you need broader financial assistance to manage operational costs.
If you're considering financing options alongside these scholarships, it's important to review CA loan eligibility criteria to ensure a smoother application process.
Conclusion
In conclusion, while the CMA course is an investment in your future, the fees associated with it are manageable with proper planning. You can explore financing options like a CA loan to ease the financial burden of pursuing your CMA certification. Additionally, the availability of scholarships makes the course more accessible for deserving candidates. If you're planning your budget, understanding the CA loan interest rate can help you make informed financial decisions about your CMA journey.For more details on obtaining a loan for your CMA studies, consider exploring Bajaj Finserv's Chartered Accountant Loan option, designed specifically to assist aspiring professionals in furthering their education.
