CIMA Exam fees costs. Registration | Exemption | Exams

Chartered Institute of Management, popularly known as CIMA, a UK-based professional body with a presence across 190 countries, offers a specialised qualification that combines financial business, accounting, and management accounting. 

CIMA qualification opens numerous career options across diverse industries such as banking, IT sectors, and even e-commerce. 

You can opt for Treasury Management, Corporate Finance, Business Analysis, Financial Reporting, Financial Analysis, Project Finance, and Risk Management.

CIMA qualified also get the CGMA (Chartered Global Management Accountant) designation, a position introduced after the collaboration of CIMA and AICPA, two of the world's most prestigious entities.

CIMA has signed MoUs with institutes across geographies to facilitate membership programmes for its students. These MoUs also help obtain an exemption from examination and, in a way, give you an exemption on its fees.

The CIMA Exam fees can be expensive, but the certification is well worth it. In this blog post, we will discuss what the CIMA Exam fees are and how to best prepare for them. We will also provide some tips on how to reduce your costs.  

CIMA's course fees structure

Registration fees

To start with CIMA, you must register and pay the registration fees of GBP 85 for the year 2022. This one-off fee also includes your first year's CIMA subscription, which is required by all students and qualified CIMA professionals.

Subscription fees

After getting registered, you need to pay the subscription fees every year. The CIMA subscription fee is needed to maintain your CIMA membership and the subscription year is valid from 1 January until 31 December. The last date to pay the subscription fees is 31 March.

 Exemption fees: There is no charge for exemption fees.

Examination fees

CIMA has segregated the examination fees based on the regions, primarily into three core zones, to provide access to the qualification and assessments worldwide.

3 Tiers are: 

TIER 1: WESTERN EUROPE, AUSTRALIA, SINGAPORE, USA AND CANADA

Exam Fees: The year 2023

CIMA Certificate in Business Accounting 

CIMA Professional Qualification

TIER 2: REST OF THE WORLD (India, Indonesia, Iraq, Kuwait, Israel, Malaysia, Russia, Thailand, UAE, Afghanistan. Bangladesh, Bhutan, Brazil, Egypt, etc.)

CIMA Certificate in Business Accounting 

CIMA Professional Qualification

TIER 3: SUB-SAHARAN AFRICA (Ghana, Kenya, Mali, Ethiopia, Botswana, Mauritius, Nigeria, Tanzania, Zambia, Zimbabwe, etc.)

CIMA Certificate in Business Accounting 

CIMA Professional Qualification

Total CIMA course fees

The total CIMA course fees depends on your geographical location. The cost to study the CIMA Certificate in Business Accounting or both combined is outlined below.

Certificate in Business Accounting: 1 year

This guide will help you determine the costs of studying for one year to get your CIMA Certificate in Business Accounting. 

We assume that:

• No exemptions
• You sit and pass each exam on the first attempt
• You are in a tier 2 market 
• You are studying online with CIMA study and have purchased an official CIMA Study Text for each subject

Cost break up:

Cost of the Study Material:

 Total costs over one year: GBP 1,605

 Note: All costs are indicative and are calculated based on 2022 pricing.

Professional Qualification: 3 years

Let's understand the cost of completing three years of Professional Qualification, considering the following factors: 

• You have no exemptions
• You sit and pass each exam on the first attempt
• You are entering at Operational level of the CIMA Professional Qualification
• You are in a tier 2 market
• You are studying online with CIMA Study and have purchased an official CIMA Study Text

Cost break up:

Study costs

Hence, the total cost of completing the Professional Qualification of 3 years would be GBP 5,980

How To Pay CIMA Exam Fees

You can pay online via MyCIMA using a VISA card, MasterCard, American Express, or PayPal.

CIMA also accepts cheques, money orders, and bank drafts (sterling). You may also use your debit or credit card. 

Conclusion: 

Factors like region, attempts, exemption, and study pattern may change the total cost of completing CIMA. CIMA qualification is a one-time investment that will reap benefits in the long run. This adds value to your profile and makes you eligible for a senior position with a better package.

The CIMA Exam fees can be expensive, but the certification is well worth it. In this blog post, we discussed the CIMA Exam fees and how to best prepare for them. We also provided some tips on how to reduce your costs.

If you want to reduce costs even further, consider taking CIMA coaching. Our team of experts can help you save money while still getting the high-quality education you need to pass your exams. Contact us today to learn more about our services.