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CMA Result: Everything you Need to Know

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TABLE OF CONTENT

1. When will CMA result be declared? 
2. Where and How to check your CMA result?
3. ICMAI result – Passing Criteria
4. Where and How to Obtain your answer sheets?
5. Procedure for Verification of your ICMAI result
6. CMA Pass Percentage
7. What If you fail you CMA exam?
8. Career After CMA

When will CMA Result be Declared?

Foundation, Intermediate and Final

CMA foundation result, CMA inter result and CMA final result are declared by ICMAI (The Institute of Cost Accountants of India) on their official website soon after the examination is held. ICMAI releases CMA result through online mode on their website portal where you can easily check and download your results. They take approximately 40 days or 6 weeks after the examination to declare results. CMA foundation result is usually declared pretty fast followed by CMA inter result and CMA final result.  For example, if your exam was held in the month of December, then expected date would be somewhere in January for foundation and February or March for inter and final.  So, the wait isn’t long. Your CMA result will soon be in your hands and the peace of mind you are craving will be yours to keep.

Where and How to check Your CMA result?

CMA foundation result, CMA inter result and CMA final result will be declared on the official website of The Institute of Cost Accountants of India (ICMAI). Link for official website is provided below.

https://icmai.in/icmai/

Keep checking the website for new updates and announcements to know when your CMA result are out. The link for your CMA result will be present on the website once they are out. For more detailed instructions on how to check and download your result, follow the steps given below.

Here is a detailed step by step instruction on how to check your CMA result

Step 1 – Visit ICMAI’s official website – https://icmai.in/icmai/

Step 2 – Click on the ‘Students’ tab

Step 3 – Click on ‘Examination’ tab

Step 4 – Click on ‘Results’ 

Step 5 – Choose the link for your CMA result i.e. CMA foundation result, CMA inter result or CMA final result for the year you took it in. 

Step 6 – Click on ‘check your results online’ and enter your registration number to see your result. 

You can use this direct link to the results page 

https://icmai.in/studentswebsite/exam_results.php

Your CMA result will consist of you name, roll number, registration number, syllabus, groups you appeared in, marks obtained in both groups, marks obtained in total and status. Download your result then and there, multiple times for safety.

ICMAI Result – Passing Criteria

CMA exam is quite difficult, we all know that, and the competition doesn’t make things any easier, but only harder. Hence the expected passing percentage is never too high. To pass your CMA exam, you need a minimum of 40% in all individual subjects and an aggregate of 50% in total. So, if you studied well and understood all the concepts and topics thoroughly, then surely you will be able to pass and perform well on your CMA exam. 

When and How to Obtain your Answer Sheets?

If you need your answer sheets because you feel there might have been an error in checking, your CMA result is far from what you expected, then you can apply to obtain certified photocopies of your answer sheets. Keep in mind that you can only apply to obtain you answer sheets within 21 days from the date of declaration of CMA result. Read below for step by step instructions on how to obtain your answer sheets.

Here are the step by step instruction on how to obtain you answer sheets:

Step 1 – Visit ICMAI’s official website

Step 2 – Click on the ‘students’ tab

Step 3 – Click on ‘Examination’ tab

Step 4 – click on ‘procedure for obtaining certified photocopies of answer sheet’

Note: you will be charged a fee of Rs.500/-paper

Procedure for Verification of your ICMAI Result

Now that you have checked your answer sheets, if you are not satisfied with your CMA result and find an error, you can apply for verification of your result within 30 days from the date when the CMA result were announced. You can apply for verification of your answer sheets for only two reasons:

  1. If one or more answer is left unchecked or unmarked.
  2. If there is an error in calculation of your total marks.

No other reason or doubt will be verified.

Note: you will be charged a fee of Rs.250/-paper. If they find an error during verification, you will be notified and the fee will be refunded.

Step wise instructions to apply for verification of your ICMAI result

Step 1 – Visit official website of ICMAI 

https://icmai.in/icmai/

Step 2 – Click on ‘students’ Tab

Step 3 – Click on ‘Examinations’ 

Step 4 – Click on ‘procedure of verification of answer papers’ 

CMA Pass Percentage – for previous year results

CMA pass percentage refers to the percentage of candidates that passed the exam in a particular year in a particular term i.e. June or December. ICMAI declares the pass percentage every year for all the exams.

CMA Pass Percentage for CMA foundation result 2019

Passing percentage for June term 79.35%
Passing percentage for December term 75.66%

CMA Pass Percentage for CMA Inter result 2019

Exam June term December term
Passed in Group 1 18.62% 20.50%
Passed in Group 2 40.05% 31.88%
Passed in either one group 9.47% 10.83%
Passed in both groups 18.53% 24.10%

CMA Pass Percentage for CMA Final result 2019

Exam June term December term
Passed in Group 3 13.88% 11.12%
Passed in Group 4 27.27% 30.81%
Passed in either one group 14.48% 18.12%
Passed in both groups 15.91% 18.97%

CMA Pass Percentage for CMA Inter result 2020

(June term and December term were taken together)

Exam Pass percentage
Passed in Group 1 40.76%
Passed in Group 2 65.24%
Passed in either one group 13.82%
Passed in both groups 51.63%

CMA Pass Percentage for CMA Final result 2020

(June term and December term were taken together)

Exam Pass percentage
Passed in Group 3 34.03%
Passed in Group 4 57.13%
Passed in either one group 31.90%
Passed in both groups 38.45%

 

What if you fail your CMA exam? – Foundation, Intermediate or Final

If your CMA result are not what you wished for, if the status on your CMA result is “fail”, then don’t worry! You can give the exam again. Register again, pay the exam fee and start studying. Do not quit or be demotivated for long, because valuable things don’t always come that easy and you might just need to follow a different approach to pass. 

Reasons why students fail CMA Exams:

  1. Not giving sufficient time for studying
  2. Failing to provide sufficient efforts 
  3. Not understanding the concepts correctly

It is very important to plan ahead and start your preparations early enough to give yourself sufficient time to study all the subjects and understand all the concepts. Not starting early enough usually takes you at the back of the line already. If you did plan ahead and gave yourself sufficient time to study but failed to grasp the concepts completely than all you might need is some coaching. There are several online platforms that offer online classes, lectures, study material, videos for specific topics and concepts to prep you for CMA exams and help you get great marks. 

Check out TopLad’s CMA coaching programs –TopLad CMA 

CAREER AFTER CMA

You have cleared your CMA exam or you need a reminder of why you are working so hard, then maybe these points can help. CMA as a career offers you a large number of career prospects. From high growth opportunities to high salary packages, CMA offers you all the skills to land a great job. Average salary for a fresher in CMA in India is 7lakhs per annum and can even go higher. After successful competition of CMA, you will have numerous door and opportunities open to you. You just have to walk through the right door and grab the best opportunities. It also offers you opportunities to work globally.

Salary to Expect if you are a CMA Aspirant

Salary to Expect if You are CMA Aspirant

 

Benefits of career in CMA:

Great Job Opportunities

CMA course can throw some really good job opportunities your way. You can work in huge organizations, corporations and multi nation companies with a terrific job profile and climb up the ladder as high as you want and work hard to. Companies such as ITC, ICICI bank, Wipro, Ford, Amazon, Accenture, Larson and Toubro are regular recruiters. CMA can also land you managing positions in public and private sector enterprises like Managing Directors, Finance Director, Financial Controller, Chief Financial Officer, Cost Controller, Marketing Manager and many other important positions.

High Salary 

With great jobs come great responsibilities comes great salary. No doubt CMA can lead to high earnings. A student who has cleared intermediate group 1 level can get between 1 – 6 Lakhs per annum, and after clearing group 2, if he/she scored top rank in the examination can get between 3.8 – 17 Lakhs per annum. But this is just the salary before even completing the entire three level course. A CMA certified (who has cleared all three levels) can get a starting salary of 7 – 20Lakhs per annum. High positions such as CFO (Chief Financial Officer) can earn up to 40Lakhs per annum.

Global Opportunities

Demand for CMA is not just in India but is all over the world. A CMA certified can even get opportunities to work globally in continents like America, Europe, Africa, Middle East etc. 

Business Appeal

Another great benefit of pursuing CMA is how it provides you with knowledge for business and accounting together. You can therefore work in business associations and make important business decisions and handle other operations very well. 

Here are some career prospects that you can pursue:

  1. Financial Manager
  2. Chief Financial Officer
  3. Corporate Controller
  4. Financial Analyst
  5. Cost Accountant
  6. Chief Investment Officer
  7. Financial Controller

Check Out Our Blog on CMA Jobs for More insights on Career After CMA

CMA Jobs- A Full Overview!