Episode 7 – The Best CMA Exam Prep Secrets By IMA’s Vice President

CMA Exam Prep

In this episode of The CMA Show, I have a very special guest who will reveal the best-kept CMA exam prep secrets. He has more than 23 years of experience with the IMA, is a certified management accountant, certified financial manager, and certified association executive.

Impressive resume, right?

Dennis Whitney is the Senior Vice President of the Institute of Management Accountants and has heaps of knowledge to share with us about how to prepare for the CMA exam. The advice and information he shares in this episode are truly invaluable to future CMA candidates, so let’s dive right in.

To listen in, click the play button at the top of the page, download this in iTunes or listen on Stitcher.

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Here’s What You’ll Learn in This Week’s Episode:

  • A deeper look into what Dennis actually does for the IMA
  • An insider look into the CMA exam structure and why it has been created this way
  • Which sections of the textbook candidates should focus their studying on
  • Strategies for tackling the essay section of the exam (do note that essay questions will be gradually replaced by case-based questions starting in 2026)
  • How to pass the essay section if English is not your first language
  • Dennis’ top tip for crushing the multiple-choice questions section
  • The prerequisites you must fulfill in order to become a CMA
  • Dennis’ advice for those about to take the exam for the first time
  • How the CMA is expanding globally and what we can expect from it in the future
  • When to consider asking for a regrade on your exam score

CMA Exam Secrets Revealed

In addition to the tips, advice, and strategies shared by Dennis in this podcast episode, I’d like to share a few of my own proven strategies to help you pass the CMA exam on your first attempt.

Secret #1: A CMA course works

A high-quality CMA review course can be the difference between passing and failing. The right course provides structure, accountability, and a clear roadmap, which self-studying candidates often lack.

A strong CMA review course should include comprehensive study materials, video or audio lectures, extensive practice questions, and model answers. The CMA Exam Academy’s 16-Week Accelerator Program also includes personalized coaching to keep you focused and on track.

Every review course has its strengths, but choosing the right one is an investment that can significantly increase your chances of passing.

Secret #2: You can pick your own study plan

Going “with the flow” is not a strategy. You need a detailed study plan that outlines your exam date and goals. A structured study plan establishes measurable benchmarks and keeps you accountable, ensuring you cover all the material tested before exam day.

You can create your own study plan, or you might prefer using one built into a CMA review course for added guidance.

Secret #3: Pick a study method

Successful candidates don’t just study hard—they study smart. One proven technique is the SQ3R method: Survey, Question, Read, Recite, and Review. This approach improves comprehension and retention, especially when working through dense accounting and finance material.

Whatever method you choose, commit to it. Consistency in how you study is just as important as the time you put in.

Secret #4: You need to study for 16 weeks

Many candidates underestimate the time required to prepare. While some study for only eight to 12 weeks, most candidates require about 16 weeks to study for each exam part.

Sixteen weeks is enough time to fully understand the material, practice extensively, and take mock exams. This can help increase your odds of passing on your first try.

Secret #5: Start with the right content

The CMA exam consists of Part One and Part Two, each covering a broad range of topics. Choosing the right part to start with can build momentum and confidence earlier on.

As a general guideline, accounting majors often find Part One more aligned with their background. Meanwhile, finance majors may feel more comfortable beginning with Part Two.

Starting with the section that matches your strengths can make the overall journey smoother and more manageable.

Resources:

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Nathan Liao

Hi, I’m Nathan Liao (aka the CMA Coach)! For the last 10 years, over 82,000 accounting and finance pros came knocking at my door seeking guidance and help. If you’re also aiming to conquer the CMA exam on your very first try—without wasting away time or money—you’ve found your ultimate guide. Dive in deeper to discover more about me and the dedicated team that powers CMA Exam Academy. Click here and let’s embark on this journey together!

8 Comments on “Episode 7 – The Best CMA Exam Prep Secrets By IMA’s Vice President”

  1. Pingback: The Institute of Management Accountants - CMA Exam Academy

  2. Pingback: CMA Exam Essay Questions - Everything You Must Know

  3. Episode 7 is the most informative of the first seven podcasts. I highly recommend potential
    CMA Candidates listen to this podcasts. The podcast provided exam information. Thanks Dennis and Nathan.

  4. Highly informative session 🙂 Got to know many things like “how to approach the exam” , ” what to expect” and how will be the correction of Essay Questions , Awesome 🙂

      1. It’s an amazing episode, thank you for making every thing clear.
        I just want to ask a question, what do you think about taking both exams at the same window, separated by 2 or 3 weeks for example?

        1. It’s my pleasure, Khalid. I’m glad you enjoyed this episode 🙂

          I usually advise my students to focus on one part per exam window so they don’t feel overwhelmed and thus increase their chances of passing.

          But if you have extensive accounting/finance background and can devote around 20-25 hrs/week to your exam prep, this can be an achievable goal for you. I’ve seen students pass both parts within one exam window, so it’s totally possible 🙂

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