CIMA Exam Total Expense (Training & Certification Cost)
CIMA has recently revised its fees structure, which has become applicable from 11th January 2017 onward. The following are the various fees that the CIMA students have to pay now:
A. Registration Fees
While enrolling for the course, every student needs to pay one time registration fee, that includes the subscription fee for the first year.
| Registration (one-off payment) | GBP 77 | |
| Re-registration | GBP 77 | |
| Registration for: | Management accountants’ gateway (not including assessment fee) |
GBP 77 |
| CIMA professional gateway assessment) | GBP 425 | |
| CIMA Master’s gateway assessment | GBP 425 | |
| CIMA Master’s gateway package | GBP 725 |
CIMA Gateway Routes:
These are the accelerated entry route to the CIMA Professional Qualification and the CGMA designation. To become eligible for this route, the eligible candidates have to appear for the CIMA Gateway Exam, which is a computer based case study exam of 3 hours duration, held in four windows in a year. Once they pass the CIMA Gateway Exam, they get exemptions in up to 11 papers from the certificate level, operational and management level exams. Students can the progress straight to the strategic level of the CIMA Professional Qualification.
Eligibility Criteria:
- Management accountant gateway route
- Open for the members and passed finalists of:
- Institute of Cost and Works Accountants of India (ICWAI)
- Institute of Cost and Management Accountants of Pakistan (ICMAP)
- Institute of Cost and Management Accountants of Bangladesh (ICMAB)
Exemption: Candidates get exemptions from 11 papers from the certificate level, operational and management level exams, and can progress to the strategic level of the CIMA Professional Qualification.
- Professional gateway route
- Open for the members and passed finalists of professional bodies which are both:
- A member of the International Federation of Accountants (IFAC)
- An examining body
Exemption: Candidates get exemptions from 11 papers from the certificate level, operational and management level exams, and can progress to the strategic level of the CIMA Professional Qualification.
- Professional gateway route
- This is open for individuals who hold an MBA or Masters in Accounting.
Exemption: After passing the CIMA Gateway exam the candidates can get exemption in 12 exams and can enroll directly for the strategic level of the CIMA Professional Qualification.
Package Inclusions
| MANAGEMENT ACCOUNTANTS’ GATEWAY (NOT INCLUDING ASSESSMENT FEE) |
CIMA PROFESSIONAL GATEWAY ASSESSMENT | CIMA MASTER’S GATEWAY ASSESSMENT | CIMA MASTER’S GATEWAY PACKAGE | |
|---|---|---|---|---|
| Student registration fee | Yes | Yes | Yes | Yes |
| One attempt at the exam | No. (Additional fee for each exam attempt is GBP126) | Yes (valid for two years) | Yes (valid for two years) | Yes |
| Exemption fees for 11 papers of certificate, operational and management level | No | Yes | Yes | Yes |
| Study Material | No | No | No | CIMAstudy.com online study modules for E2, P2, and F2 + the management case study module. |
B. Subscription Fees
The annual subscription fees collected covers the period from 1st January till 31st December. The students must pay the annual subscription fees by 31st March in order to ensure that their membership does not expire.
| Students | GBP108 |
| Students who have cleared the case study exam for the Strategic Level | GBP255 |
| New student (first subscription fee, up to the next October after you register) | Free |
C. Exemption Fees (Per Exam)
| Certificate in Business Accounting | GBP64 |
| Objective type tests in the Operational and Management levels | GBP77 |
| Operational and Management level case study exams | GBP126 |
| Objective tests in the Strategic level | GBP126 |
1. Tier 1 Countries:
CIMA Certificate In Business Accounting
| EXAM | FEES |
|---|---|
| Objective type tests (per exam) | GBP67 |
D. Exam Fees:
The Exam fees are structured in different tiers so that is it easier to understand the breakdown of eligibility in different countries.
-
- Tier 1: USA, Canada, Singapore, Western Europe, Turkey, Australia,
- Tier 2: Other countries
- Tier 3: Sub-Saharan Africa
The following are the exam fees for these tiers valid from 11th January 2017:
1. Tier 1 Countries:
CIMA Certificate In Business Accounting
| EXAM | FEES |
|---|---|
| Objective type tests (per exam) | GBP67 |
CIMA Professional Qualification
| EXAM | TEST | FEES |
|---|---|---|
| Operational and Management level | Objective tests (per exam) | GBP83 |
| Case study (per exam) | GBP136 | |
| Strategic level | Objective tests (per exam) | GBP136 |
| Case study exam | GBP210 |
2. Tier 2 Countries:
CIMA Certificate In Business Accounting
| EXAM | FEES |
|---|---|
| Objective type tests (per exam) | GBP64 |
CIMA Professional Qualification
| EXAM | TEST | FEES |
|---|---|---|
| Operational and Management level | Objective tests (per exam) | GBP77 |
| Case study (per exam) | GBP126 | |
| Strategic level | Objective tests (per exam) | GBP126 |
| Case study exam | GBP192 |
3. Tier 3 Countries:
CIMA Certificate In Business Accounting
| EXAM | FEES |
|---|---|
| Objective type tests (per exam) | GBP52 |
For further details about the costs, and to check the countries that are included in the three tiers, go here.
CIMA Professional Qualification
| EXAM | TEST | FEES |
|---|---|---|
| Operational and Management level | Objective tests (per exam) | GBP 62 |
| Case study (per exam) | GBP 104 | |
| Strategic level | Objective tests (per exam) | GBP 104 |
| Case study exam | GBP166 |
Online Exam Benefits Over Classroom Training
When it comes to preparing for the CIMA examinations, learning online, and appearing for online exams have some definite advantages over learning in a classroom.
- Online exam helps in learning at any time. Distance or time doesn’t hamper the learning procedure. Learning in a classroom, on the other hand, requires traveling to a specific location at a specific time. This can be disadvantageous for many students.
- Online education is easily accessible. The course materials can be accessed in a convenient way and the required preparation can be done from home. This is often not possible in classroom training.
- Everything is a homework when it comes to online exams: appearing for the test, getting the test scores instantly and more. It helps the student to relax and learn at any point in time.
- Having internet enabled device is the only pre-requisite for learning online. Anybody with an average computer at home can easily access the required materials for learning.
- On-demand online examinations enable the student to understand their level of preparedness and revise the weak areas over and over again. Since these exams are generally available on demand, retakes also become very convenient. This facility is not available in case of classroom education.