CMA US for Students: Student Membership vs Professional Membership

Selection of the most appropriate type of CMA US membership is a vital first step for the creation of a successful career path in the field of finance and management accounting. If you plan to get your CMA certification, it would be helpful for you to know the distinction between the two membership types.

Different Membership types with diverse qualification criteria and associated benefits are provided by the Institute of Management Accountants (IMA). While student membership is offered exclusively to aspirants who are studying to become professionals, the professional membership caters to aspirants who have either started working or fulfilled the professional criteria. It will be easier for prospective students of the US CMA course to choose an appropriate membership type from IMA.

Student Membership vs Professional Membership: CMA US Course Guide

1. Eligibility Requirements

Student Membership is ideal for individuals currently studying at the college or university level. According to IMA, the individual should be enrolled in at least six credit hours. Therefore, this membership is ideal for undergraduates and postgraduates who wish to begin their journey towards becoming a CMA US. 

Professional Membership is intended for working accounting and finance professionals and others who do not qualify for student membership. Students who graduate or no longer meet student-membership requirements may transition to professional membership. Importantly, IMA membership is required to enroll in CMA certification. 

2. Membership Cost

One of the significant benefits of Student Membership is the lower cost! IMA lists Student Membership at $49 per year and Professional Membership at $295 per year. These regular membership prices can change, and IMA may also provide regional promotions or discounts. 

The difference becomes even more relevant when considering overall US CMA course investment. Under the current fee structure, IMA lists the CMA entrance fee at $225 for Student/Academic Members and $300 for Professional Members, while each exam part costs $407 for students and $545 for professionals. Hence, students can reduce their initial CMA costs by using the student route while eligible. 

3. Access to the CMA Program

Student Membership allows eligible students to join the CMA US program, where they receive discounts on CMA fees. Students have the opportunity to prepare for their certification before graduating, earning their professional credentials while studying.

Professional Membership provides access to the CMA program and is ideal for candidates who have started working or no longer qualify for student membership. The basic requirement to become a CMA credential holder is the same, so choosing student membership does not imply getting another type of the CMA credential.

4. Networking and Career Development

The Student Membership can be very helpful in creating a professional network early on! Students can join the IMA student chapters, the Student Leadership Conference, mentoring programs, case competitions, and volunteer programs. Such activities can assist students in improving their communication, professional, and leadership skills prior to entering the job market. 

The Professional Membership allows wider involvement in the professional community of the IMA! Members will have access to local chapters and Shared Interest Groups, the directory of international members, professional events, and mentoring. Such an option can be very helpful for those who are already working in finance and accounting.

5. Scholarships, Competitions and Student-Specific Benefits

A significant benefit of Student Membership includes access to opportunities specifically created for students. IMA provides student scholarships, student chapters, case competitions and its annual Student Leadership Conference. Students may be nominated by professors for US CMA course scholarships, which can potentially cover CMA-related costs. 

Professional members do not receive student-specific opportunities, as they are designed around the academic environment. Instead, professional members receive benefits focused on ongoing career development, such as professional networking, webinars, continuing education, publications, and access to broader professional resources. 

6. Which Membership Should a CMA US Student Choose?

Student Membership is a better option for a student currently attending university who qualifies for IMA student membership. This membership provides access to the CMA US designation program at reduced membership costs and examination fees, along with many other student-oriented benefits.

Professional Membership may make more sense after graduation or when candidates no longer qualify for student status. Students must take advantage of the student category while they are eligible, rather than paying professional membership rates. The exact fees and promotional offers must always be checked on IMA’s official website before registration as pricing can change. 

Conclusion

Selecting between CMA Student Membership and Professional Membership depends on your current academic and professional status. Student Membership is designed for eligible college or university students and provides access to student-focused benefits, scholarships, networking opportunities and a lower membership cost. 

Professional Membership is best suited for those who cannot apply as students or are working professionals in finance and accounting. Are you planning to pursue the US CMA course? Let the Zell Education team help you choose the right membership and prepare for CMA exams confidently. 

FAQs

1. Which membership is better for CMA students?

Student Membership provides an economical alternative for eligible students and offers member benefits tailored for students, with a discount on CMA dues.

2. What occurs when a student graduates?

Once graduated, eligible students may have to upgrade their Student Membership to another eligible IMA membership.

3. Can students attempt the CMA examination as Student Members?

Yes, eligible students can participate in the CMA program and get discounted CMA certification fees.

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