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CMA Result 2022: Download Scorecard, Passing Criteria

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You’ve studied, studied, and studied and given your CMA exam, now the only thing left between you and your peace of mind are the results. Wondering how long before they are out?

In this article, we will provide you with all the information you need and more, about your CMA result, when CMA result will be declared? How to download them? What are the passing percentage and the procedure to get your answer sheets? We will also talk about career prospects after completing your CMA.

When CMA Result will be Declared?

CMA results are declared by ICMAI (The Institute of Cost Accountants of India) on their official website soon after the examination is held. ICMAI releases CMA results 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.

For example, if your exam was held in the month of December, then the expected date would be somewhere in Febuary or March. 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.

How to Check CMA Result?

CMA result will be declared on the official website of The Institute of Cost Accountants of India – ICMAI

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

Step 2 – Click on the ‘Students’ tab

Step 3 – Click on the ‘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. 

Note: You can use this direct link to the results page 

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

Details Mentioned on your CMA Result

Your CMA result will consist of your 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 CMA 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, or 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 your answer sheets within 21 days from the date of declaration of the CMA result.

Read below for step-by-step instructions on how to obtain your answer sheets.

Here is the step-by-step instruction on how to obtain your answer sheets:

Step 1 – Visit – ICMAI’s official website 

Step 2 – Click on the ‘students’ tab

Step 3 – Click on the ‘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 CMA 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 was 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 the 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 CMA result

Step 1 – Visit – ICMAI’s official website 

Step 2 – Click on the ‘students’ Tab

Step 3 – Click on ‘Examinations’ 

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

CMA Merit List

The Institute of Cost and Management Accountants (ICMAI) also releases a merit list that contains the top 50 rankers in the exam. This list is released on their official website soon after the result is declared. To check out the merit list for your term you can visit the official website of ICMAI, click on the “students” tab, “examination”, and then “rank lists”.

CMA Result: Pass Percentage 

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? 

If your CMA result is 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 then all you might need is some coaching.

There are several online platforms that offer online classes, lectures, study material, and 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

If 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.

The average salary for a fresher in CMA in India is 7lakhs per annum and can even go higher. After the successful competition of CMA, you will have numerous doors 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 CMA Aspirant

Benefits of a 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 multinational companies with a terrific job profile and climb up the ladder as high as you want and work hard.

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 comes great responsibilities comes great salaries. 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 all over the world. A CMA certified can even get opportunities to work globally in continents like America, Europe, Africa, the Middle East, etc. 

Business Appeal

Another great benefit of pursuing CMA is how it provides you with knowledge of 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!

For more CMA course details, CMA classes, lectures, or study material, you can visit TopLad CMA. We offer classes for all levels and papers from India’s best faculty.