I'm not surprised that many potential candidates are discouraged from taking this test based only on the CMA pass rates. In actuality, the vast majority of applicants fail the test.
The CMA exam is extremely difficult, as evidenced by the pass rates of only 45% for Part One and 45% for Part Two. Let's look down some of the most typical problems as there are a few things that might be causing these poor grades. You must put in at least 90 hours of preparation in order to pass the CMA exam. But, to improve your chances of passing the exam, we'd advise aiming for closer to 300 hours. Obtaining a bachelor's degree is the first requirement for the CMA certificate. It's noteworthy to note that there is no mention of the type of degree required by the Chartered Management Accountant criteria. Any bachelor's degree qualifies you to take the CMA test, unlike other job fields where you must have the necessary degree. This means that if you have a bachelor's degree in philosophy, you are eligible to take the CMA test.
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