I have had the opportunity to personally test out most of the top rated CMA review courses available.
Not only has this opportunity allowed me to analyze their strengths and weaknesses, but it made me realize that I wasn’t fully satisfied with any one course in particular. In fact, this is what led me to create my flagship review course, CMA Exam Academy.
While I stand behind my review course wholeheartedly, I believe in being fully transparent. This is why I’m going to break the top 4 CMA review courses so you can make an educated decision.
Breaking Down the Top Review Courses
Each breakdown will feature the CMA study materials’ strengths, weaknesses and unique selling factors that made them onto my top list.
Before diving into the breakdown, I want to remind you that not every course is built the same. Furthermore, not every course is designed to accommodate your individual learning style.
Be sure to take into consideration your particular learning style — which will impact how to study for the CMA exam effectively — when making this incredibly important decision.
After all, which CMA review course you choose can make or break you on exam day. The national CMA exam pass rate for Part One is only 35% and 50% for Part Two. With such low statistics you don’t want to risk choosing the wrong course.
So let’s get down to all the details and check out my comparison of the best CMA review courses now.
CMA Review Course Comparison
Below is a side-by-side comparison of the best CMA review courses available online.
|Weekly support calls with your CMA Coach|
|Video and Audio Lectures|
|16-Week Study Program Per Part|
|Weekly Accountability Coaching|
|"Your Exam Day" Coaching & Prep|
(course access until you pass)
(covers exam fee for 2nd attempt)
As you can see, there are several different options and clearly not all CMA review courses are designed the same.
CMA Review Course Detailed Breakdown
CMA Exam Academy
CMA Exam Academy is my flagship Certified Management Accountant review course. Over the years, I have continued to improve on it based off candidates’ feedback.
CMA Exam Academy Strengths
One-on-One Coaching Support and Accountability
One-on-one coaching is one of the most critical support systems you can have when preparing for the CMA exam.
As your dedicated coach, I offer years of coaching experience, as well as personal knowledge having taken and passed the CMA exam myself.
I will help keep you stay accountable with weekly assignments and check-in emails, as well as weekly live calls where we can talk about progress and strategy, like how to streamline your studying by identifying your weaknesses.
On top of that, I offer unlimited coaching support via email, so that whenever you have questions or need help grasping the material, you can drop us an email and my team and I will get back to you with a detailed explanation within 24 hours. We’ll be by your side during your entire journey and assist you with anything you need to pass the exam on your first attempt.
Video Based Coaching
The core of CMA Exam Academy is video based tutorials and lectures. Each topic is broken down into easy to understand terms.
Every video is high quality in both sound and picture so there are no distractions to the lesson at hand.
CMA Test Bank with PassRate Technology
CMA test banks are a great tool for testing your knowledge with questions that are structured and formatted just like the ones found on the actual CMA exam.
CMA Exam Academy’s test bank contains both 100% unique CMA questions, and retired test questions from previous exams to offer you the real exam-day experience.
You can take mock exams by topic to assess your knowledge of the material and pinpoint your weaker areas, or practice on exam simulations to get familiar with the exam format.
Each exam simulation practice test is timed to put you under the pressure of the clock, just like the real exam. And thanks to our innovative PassRate Technology, you will know you’re ready for the real exam when you reach 86% and above on your test bank dashboard.
16-Week CMA Study Guide
If you require guidance and structure then the 16-week CMA study plan is perfect for you. There are two 16-week programs: one for Part One and another for Part Two. Each is designed to tackle every important topic that you will need to know in order to pass the CMA exam in as little as 8-months time.
Don’t think your schedule is flexible enough for only 16 weeks of study? No worries.
We can accommodate students who need more time. After all, you do have access to the course for 1 year per part, or 2 years for both parts combined if purchased together.
If you don’t have a background in accounting and finance, no worries. CMA Exam Academy comes with formula guides that are essential to exam success.
Candidates also receive exam and study hack guides, plus audio review materials for on-the-go studying.
Exam Pass Guarantee or Your Money Back
Investing in the CMA review course can come at a high price for many candidates. That is why I offer an exam pass guarantee.
When you buy this course, I guarantee to help you pass or you get your money back.
Still not convinced? Check out my post on CMA exam case studies for a few more reasons why I think you should try it out!
CMA Exam Academy Weaknesses
2-Year Course Access
Unlike some courses that offer you lifetime access to their courses, CMA Exam Academy limits your access to two years if you enroll in both parts at the same time, or 1 year per part.
While this can be a downside for some, it is my experience that most candidates take and pass both parts of the exam in less than two years. On top of that, unlimited access tends to encourage procrastination which inevitably works against your success.
No Flash Cards
If you are hoping for flash cards, there are none here. We do however offer audio reviews for candidates hoping to study on the go, as well as formula guides necessary for exam success.
What’s unique about Wiley’s CMA review course is that they actually offer two different versions: CMAexcel (which I will be focusing on) is their all-in-one study program, and CMA Learning System is their self-study learning pack and only comes with a textbook, access to the test bank and online review.
Wiley CMAexcel Strengths
When it comes to choosing the right CMA course you don’t want to risk picking the wrong one. That’s why a Free Trial is so alluring. Wiley offers a free 14-day trial of their CMA test prep material so you can test it out yourself.
During this free trial you will have access to a select few CMA online classes, full access to their study text, practice questions, select video lectures, and more.
Another strength for Wiley CMA exam prep is their video lectures. You have access to 66 hours of video instruction covered by Professor Doug Clinton.
With over 15 years of experience and an engaging presence, Prof. Clinton breaks down key topics in bite sized lessons so they are easy to digest.
Extensive CMA Test Prep Questions
Compared to other CMA test prep courses, Wiley CMAexcel offers more than 4000 questions that you can test yourself on. This includes unique, and retired CMA multiple-choice questions.
Study on-the-go thanks to Wiley’s mobile access. Now you can download the Wiley app to your mobile device and have access to their flashcards, video content and practice questions. You can even use it offline.
The app will sync with your online course automatically, so you don’t need to have computer access to continue your studies.
Wiley CMAexcel Weaknesses
Wiley is the most expensive CMA exam prep software available. With a price of $1,800 for both Part One and Part Two, many people do not have the budget for this, especially since they do not offer a payment plan option.
If you purchase each part individually, you are looking at a fee of $1,200 per Part. If you opt for this review course, it makes more sense financially to buy both parts together and save $600.
Did I mention this is the price for a self-study course too?
No Money-Back Guarantee
Wiley does not offer any sort of money-back guarantee when you purchase their course. This may be why they offer a free trial instead. This course costs nearly $2,000, which is a lot of money for most people. A Money-Back Guarantee or a Pass Guarantee gives candidates a certain peace of mind.
Gleim CMA Exam Review
Created by Dr. Gleim
Dr. Gleim is one of the first Certified Management Accountants in the USA and is highly respected in the world of finance and accounting. Along with a team of professionals with years of experience, they created Gleim CMA review.
Amy Ford is the lead instructor featured in the video lectures and also happens to be an IMA recipient of their Certificate of Distinguished Performance.
Access to Counsellor
Gleim offers candidates a counselor that they have access to at any time. You can ask them questions about topics you are struggling with or they can advise you on creating a study plan that works for you.
While a counselor is a great addition, it is not the same as CMA Exam Academy’s one-on-one coaching.
Exam Simulator Close to the Real Deal
It can be hard to imagine what the environment and subject matter will be on exam day. This is why an exam simulator can really help you pass the CMA exam.
Gleim’s exam simulator tests you on all the most important study materials and is structured like the actual CMA exam. And this is true with most CMA review courses. When using “test mode” you can take a practice test that is designed to reflect the same format found at Prometric centers.
The more you practice with the simulator, the more confident you will become.
Must Have Accounting Background
Gleim’s Certified Management Accountant course was designed specifically for accountants with financial backgrounds.
If you don’t understand the core concepts of accounting to begin with, you may need to buy additional resources. This is definitely one of the downfalls to self-study programs.
No CMA Knowledge Guide
If this is your first time taking a CMA review course online and do not have any previous knowledge of CMA material then you may feel overwhelmed.
A CMA study guide like this is especially important for those who do not have a strong accounting background.
Textbook Format Lacking
Readability can really affect your ability to grasp information and feel confident with what you are consuming.
The Gleim textbooks, though full of information, lack a format with clear readability. Larger headings, subheadings and bullet points could be a beneficial addition in future textbook revisions.
Hock International is another popular CMA online course that offers many pros and cons. It is particularly popular among non-US candidates, which may speak volumes to its ability to break down core topics in simple terms.
Here’s how I think they stack up against other online CMA programs.
Hock International Strengths
Multiple Product Offerings
Similar to Gleim, Hock International offers different tiers of exam prep:
- CMA Complete
- CMA Review
- CMA Videos
CMA Complete is exactly what you would expect: the whole package. It offers materials for both parts of the Certified Management Accountant test prep. This includes printable PDF textbooks, flash cards, teacher support, mobile app with multiple-choice questions (MCQ), mock exams and test questions, teaching videos as well as final review videos, plus a “You Pass or We Pay” guarantee.
Hock candidates will be assigned teacher support to help them overcome difficult topics. Teachers can also advise you on when and how to register for the exam when you’re ready.
Hock International offers 66 essay questions to help you prepare for the essay portion for the exam.
Each question includes a detailed answer and explanation to help you truly understand what is expected from you. Some of the questions even come with video explanations.
Hock International Weaknesses
Test Bank Questions Mediocre
According to reviews on TrustSpot, some students found that the difficulty of the questions were relatively easy compared to other test banks. Some candidates have said they are not comprehensive enough to simulate the sort of questions you will actually find on the CMA exam.
Hock’s response to this was:
“The purpose of the questions is to test your application of knowledge so that you can assess your progress and are neither intended nor expected to be the same as the exam questions.”
Doesn’t Mimic Exam Environment
Most CMA review courses re-create the exam-day experience so you can become comfortable with the format and structure you will see on the big day.
Unfortunately, Hock’s interface does not mimic this testing environment, which can cause some candidates to not feel fully prepared for the exam and lose confidence.
Why You Should Use a CMA Review Course
The CMA exam is made up of 2 parts and you must pass both parts in order to earn your certification. Each part covers quite a lot of material, which is why using a CMA review course is incredibly important.
The ICMA breaks down the exam content into Content Specification Outlines (CSOs) and Learning Outcome Statements (LOSs). CSOs are essentially a high-level overview of the exam content, while the LOSs dive into more detail about the skills and abilities that candidates are expected to have.
Why am I telling you this? Because the best cma review courses are designed to expertly tackle all of this material so your only focus is to learn and digest it.
Why am I telling you this? Because the best CMA review courses are designed to expertly tackle all of this material so your only focus is to learn and digest it.
Review courses can help measure your progress and level of understanding as well. The best CMA review courses offer progress reports that break down your content comprehension, material strengths and weaknesses, and more. These reports allow you to stay accountable to laser focus your studying to weaker areas and give you an idea of how you are understanding core concepts.
By far, the biggest reason you should be using a CMA review course is for its built-in support system. Review courses offer encouragement, guidance or accountability to help you on your CMA journey.
Determining Your Personal Learning Style
The truth is, everyone understands information differently. How you breakdown and digest information can greatly impact your ability to pass the CMA exam so understanding your personal learning style is key.
If you’ve never thought about what kind of learner you are, here’s a look at the most common types so you can self-identify your personal learning style:
- Auditory – understand material when someone explains it to you orally
- Kinesthetic – learn by doing or moving because it helps you concentrate on the material more
- Linguistic – reading and taking notes helps ingrain the material into your brain
- Logical – you must understand the reason behind something in order to fully get the concept
- Social – study groups or peer-to-peer settings help you learn
- Solitary – self-study or researching on your own is ideal
- Visual – when watching videos or demonstrations helps you understand
If you resonate with two or more of these learning methods that is totally normal. Most people are a combination of learning styles, but understanding which methods work best for you is what’s most important.
For example, if you are an auditory/visual, solitary learner then you will want a self-study CMA review course that offers video tutorials and other tools you’ll need to succeed on your own.
On the other hand, if you identify as a social, logical learner who needs a structured approach you may feel more comfortable in a traditional class setting whether it’s online or offline with access to an instructor.
Cost of CMA Review Courses
When it comes to the best CMA review courses, the cost for programs, study materials and supplemental study resources varies greatly.
Textbooks and quickie online cram courses can be as cheap as $59 a pop, but they lack the depth and scope of a full blown review course. I don’t recommend this option to anyone.
As outlined above, the most common CMA review courses are CMA Exam Academy, Wiley CMAexcel, Gleim and Hock. The price for these courses ranges anywhere from $699 ot $1800 USD.
You may also want to take into consideration the full CMA exam cost which includes:
- IMA membership (from $39-245 annually)
- One-time entrance fee ($188 for students, $250 for Professionals)
- CMA exam fee for Part One and Part Two ($311 per part for students, $415 per part for Professionals)
- Undergraduate degree (varies depending on College, but anywhere between ~$40,000-$140,000+)
There are so many considerations to take into account when becoming a CMA, so I hope I’ve made choosing a CMA review course a bit easier for you.
So Which is the Best CMA Review Course For You?
In my experience, candidates thrive when they choose a review course that offers accountability, personal coaching and a structured study program. As I mentioned above, most of your success depends on the type of review course you choose based on your personal learning style.
I highly recommend using the section above to identify your personal learning style.
Those with a more solitary, linguistic learning style and who are self-starters would likely benefit from a self study program.
On the other hand, those with social, visual or auditory learning styles and who need structure and coaching support would do well with a program like CMA Exam Academy.
With one-on-one coaching, access to the most up to date information and a high level of accountability, you are bound to crush your exam.
For even more information or to enroll now, click here.
Good luck on this new and exciting journey!