{"id":2542,"date":"2024-11-09T19:56:23","date_gmt":"2024-11-09T14:26:23","guid":{"rendered":"https:\/\/www.thewallstreetschool.com\/blog\/?p=2542"},"modified":"2024-11-09T19:56:23","modified_gmt":"2024-11-09T14:26:23","slug":"a-complete-guide-to-cima-course-course-details-eligibility-fee-and-career-scope","status":"publish","type":"post","link":"https:\/\/www.thewallstreetschool.com\/stg-new\/a-complete-guide-to-cima-course-course-details-eligibility-fee-and-career-scope\/","title":{"rendered":"A Complete Guide to CIMA Course: Course details, Eligibility, Fee and Career Scope"},"content":{"rendered":"<h2><b>A brief about CIMA, UK<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CIMA (Chartered Institute of Management Accountants, UK) is the world\u2019s largest and leading professional body of management accountants.\u00a0 CIMA UK is a more than 100-year-old organization (established in 1919) and is present in 180+ countries.\u00a0 It has 250,000+ members and students worldwide.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2017, AICPA (American Institute of Certified Public Accountants) &amp; CIMA came together to forge a powerful international alliance that promotes accounting and finance in every corner of the world.<\/span><\/p>\n<h2><b>Who is a Management Accountant and Role of Management Accountant<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Management Accountant is an Individual who has vast knowledge, skills and experience in the field of Accounting, Costing, Finance and Management.\u00a0 Management Accountant helps a business in taking an informed decision by applying his\/her knowledge, skills and experience.<\/span><\/p>\n<h2><b>Eligibility to start CIMA UK Program:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Anyone who is of the age of 16 years or more is eligible to start CIMA UK Program in India.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you fit in any of the following categories, then CIMA UK is right choice for you:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An Undergraduate Student wanting to make career in Accounting, Finance and\/or Management;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A Graduate wanting to make a career or grow Professionally in the field of Accounting, Finance and\/or Management;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A Postgraduate (MBA, MCom) who struggles to grow professionally due to a lack of a Professional Qualification;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A CA who wants to grow in MNCs and\/or looking for making a career globally;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A Candidate who wants to do a professional qualification at his\/her own pace;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A Graduates or Postgraduate from any other stream (apart from commerce) to start his\/her career in Accounting, Finance and\/or Management;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A Candidate who doesn&#8217;t want to make his\/her career in Auditing or Taxation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An Experienced Professional who lacks a professional qualification;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Anyone (irrespective of background) who is looking for career in Accounting, Finance or Management areas in India and\/or globally;<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Please note that the above list is not exhaustive.\u00a0 Anyone who doesn\u2019t fit in any of the above categories can still get in touch with our expert counselors at The WallStreet School and know more about eligibility and other relevant details.<\/span><\/p>\n<h2><b>CIMA UK Curriculum:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CIMA UK curriculum has 4 Levels and these are:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certificate Level<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Operational Level<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management Level and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic Level<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Certificate Level consists of 4 subjects\u2019 exams of which are all objective test questions (OTQs).\u00a0 Each of the Operational, Management and Strategic Level has 3 OTQs (Objective Test Questions) exam and 1 Case Study Exam.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Objective Test Exams are on Demand exams which can be appeared for any time depending upon your preparation and availability of slots at Pearson Vue Centers.\u00a0 Results for OTQ exams are declared instantly.\u00a0 Case Study Exams are conducted quarterly i.e., in February, May, August and November and result for Case Study Exams is declared within 1.5 months of the exam.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Please refer the below picture for more clarity about CIMA UK structure:<\/span><\/p>\n<h2><b>Certificate Level:<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Subject<\/b><\/td>\n<td><b>BA1 &#8211; Fundamentals of Business Economics<\/b><\/td>\n<td><b>BA2 &#8211; Fundamentals of Management Accounting<\/b><\/td>\n<td><b>BA3 &#8211; Fundamentals of Financial Accounting<\/b><\/td>\n<td><b>BA4 &#8211; Fundamentals of Ethics, Corporate Governance and Business Law<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Exam Type<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><b>BA1 &#8211; Fundamentals of Business Economics<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Macroeconomic and Institutional Context of Business<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Microeconomic and Organizational Context of Business<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Informational Context of Business<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Context of Business<\/span><\/li>\n<\/ul>\n<h3><b>BA2 &#8211; Fundamentals of Management Accounting<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Context of Management Accounting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Costing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Planning and Control<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Decision Making<\/span><\/li>\n<\/ul>\n<h3><b>BA3 &#8211; Fundamentals of Financial Accounting<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounting Principles, Concepts and Regulations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Recording Accounting Transactions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Preparation of Accounts for Single Entities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analysis of Financial Statements<\/span><\/li>\n<\/ul>\n<h3><b>BA4 &#8211; Fundamentals of Ethics, Corporate Governance and Business Law<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business Ethics and Ethical Conflict<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporate Governance, Controls and Corporate Social Responsibility<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">General Principles of the Legal System, Contract and Employment Law<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Company Administration<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After Certificate Level, a candidate gets an award from CIMA UK: \u201cCertificate in Business Accounting (CERT BA)\u201d.<\/span><\/p>\n<h2><b>Operational Level:<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Subject<\/b><\/td>\n<td><b>E1 &#8211; Managing Finance in a Digital World<\/b><\/td>\n<td><b>P1 &#8211; Management Accounting<\/b><\/td>\n<td><b>F1 &#8211; Financial Reporting<\/b><\/td>\n<td><b>Operational Case Study (OCS)<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Exam Type<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>Case Study<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><b>E1 &#8211; Managing Finance in a Digital World<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Role of the finance function<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Technology in a digital world<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data and information in a digital world<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shape and structure of the finance function<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finance interacting with the organization<\/span><\/li>\n<\/ul>\n<h3><b>P1 &#8211; Management Accounting<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost Accounting for decision and control<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Budgeting and budgetary control<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Short term commercial decision making<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Risk and uncertainty in the short term<\/span><\/li>\n<\/ul>\n<h3><b>F1 &#8211; Financial Reporting<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regulatory environment of financial reporting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial statements<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Principles of taxation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Managing cash and working capital<\/span><\/li>\n<\/ul>\n<h3><b>Operational Case Study (OCS)<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">At the Operational level, the role simulated is that of an Entry level finance professional and the capstone Case Study Examination provides a simulated context, which allows candidates to demonstrate that they have acquired the required knowledge, skills, techniques and mindset for that role.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After Operational Level, a student gets an award from CIMA UK: \u201cDiploma in Management Accounting (DIP MA)\u201d.<\/span><\/p>\n<h2><b>Management Level:<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Subject<\/b><\/td>\n<td><b>E2 &#8211; Managing Performance<\/b><\/td>\n<td><b>P2 &#8211; Advanced Management Accounting<\/b><\/td>\n<td><b>F2 &#8211; Advanced Financial Reporting<\/b><\/td>\n<td><b>Management Case Study (MCS)<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Exam Type<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>Case Study<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><b>E2 &#8211; Managing Performance<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business models and value creation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Managing people performance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Managing projects<\/span><\/li>\n<\/ul>\n<h3><b>P2 &#8211; Advanced Management Accounting<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Managing the costs of creating value<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Capital investment decision making<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Managing and controlling the performance of organizational units<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Risk and control<\/span><\/li>\n<\/ul>\n<h3><b>F2 &#8211; Advanced Financial Reporting<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financing capital projects<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial reporting standards<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Group accounts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integrated reporting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analyzing financial statements<\/span><\/li>\n<\/ul>\n<h3><b>Management Case Study (MCS)<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">At the Management level, the role simulated is that of a finance manager. The capstone Case Study Examination provides a simulated context allowing candidates to demonstrate that they have acquired the required knowledge, skills, techniques and the mindset required for that role.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After Management Level, a student gets an award from CIMA UK: \u201cAdvanced Diploma in Management Accounting (ADV DIP MA)\u201d.<\/span><\/p>\n<h2><b>Strategic Level<\/b><b><br \/>\n<\/b><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Subject<\/b><\/td>\n<td><b>E3 &#8211; Strategic Management<\/b><\/td>\n<td><b>P3 &#8211; Risk Management<\/b><\/td>\n<td><b>F3 &#8211; Financial Strategy<\/b><\/td>\n<td><b>Strategic Case Study (SCS)<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Exam Type<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>OTQs<\/b><\/td>\n<td><b>Case Study<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><b>E3 &#8211; Strategic Management<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Strategy processes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analyzing the organizational ecosystem<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Generating strategic options<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Making strategic choices<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic control<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Digital strategy<\/span><\/li>\n<\/ul>\n<h3><b>P3 &#8211; Risk Management<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enterprise risk<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic risk<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Internal controls<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cyber risk<\/span><\/li>\n<\/ul>\n<h3><b>F3 &#8211; Financial Strategy<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Learning Objectives<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financing capital projects<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial reporting standards<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Group accounts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Integrated reporting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analyzing financial statements<\/span><\/li>\n<\/ul>\n<p><b>Strategic Case Study (SCS)<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">At the Strategic level, the role simulated is that of the senior finance manager. The Case Study Examination provides a simulated context which allows learners to demonstrate that they have acquired the required knowledge, skills, techniques and mindset for that role.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After completing Strategic Level and 3-year Practical Experience Requirement (PER), a student is awarded \u201cCGMA (CHARTERED GLOBAL MANAGEMENT ACCOUNTANT)\u201d designation from CIMA UK.<\/span><\/p>\n<h2><b>Entry Routes for CIMA UK:<\/b><\/h2>\n<h3><b>NORMAL ENTRY ROUTE:<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Undergraduate &#8211; No exemption to these candidates. They will have to write all the 16 exams.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commerce Graduate &#8211; Certification level (first 4 papers) will get exempted. These candidates can start from the operational level and will have to write only 12 exams.<\/span><\/li>\n<\/ul>\n<h3><b>FLP (FINANCE LEADERSHIP PROGRAM) ROUTE:<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The CGMA FLP (Finance Leadership Program) teaches the same competencies as other routes to the CIMA Professional Qualification. This prepares finance professionals for careers in management accounting. Students will be assessed on the same material and must demonstrate the same level of competency and experience to earn the CGMA designation and CIMA membership.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In FLP Route, a student needs to appear only for Case Study Exams i.e., Operational Case Study, Management Case Study and Strategic Case Study.\u00a0 Depending upon their prior qualifications (i.e., MCom, MBA Finance, BCom, Undergraduate), students get to write 2 (MCS and SCS) or 3 (OCS, MCS and SCS) case study exams.\u00a0 They need to appear for internal assessments at FLP portal provided by CIMA UK.<\/span><\/p>\n<h3><b>PATHWAY PROGRAMS:<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">CIMA has got 3 pathway programs.\u00a0 These programs are as follows:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">C-Suite: This program is for professionals having experience of 12 years or more in the field of Accounting, Management Accounting and\/or Finance. \u00a0 Upon approval of their application, they need to only write \u201cStrategic Case Study (SCS)\u201d Exam to complete CIMA UK qualification.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">GP\/AP: This program is for professionals who are CAs \/ CMAs in India.\u00a0 Upon approval of their application, they need to only write \u201cStrategic Case Study (SCS)\u201d Exam to complete CIMA UK qualification.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Senior Professionals: This program is for professionals having experience of 6 years or more in the field of Accounting, Management Accounting and\/or Finance. \u00a0 Upon approval of their application, they need to only write \u201cManagement Case Study (MCS)\u201d and \u201cStrategic Case Study (SCS)\u201d Exams to complete CIMA UK qualification.<\/span><\/li>\n<\/ol>\n<h3><b>Which Route is best for you?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Out of the 3 routes available to do CIMA UK, which route is most suitable for a candidate depends upon various factors i.e., Duration, Cost, Experience etc.\u00a0 For more clarity regarding which route is most suitable for you, you can get in touch with our expert counselors at The WallStreet School.<\/span><\/p>\n<h2><b>CIMA UK Pass Rates:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CIMA UK average pass rates range from 40% to 50% in OTQ Exams and 50% to 60% in Case Study Exams.\u00a0 However, with hard work, sincerity, right guidance and tuition support from a Registered Tuition Provider like The WallStreet School, you can achieve a pass rate of 80% or more easily in CIMA UK qualification.<\/span><\/p>\n<h2><b>Duration:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CIMA UK duration i.e., time to complete CIMA qualification depends upon the level you start at and the entry route you choose.\u00a0 For a 12th pass out going through the normal route, it will take 4 years to complete CIMA qualification and through the FLP route, this will take 2-2.5 years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similarly, through Pathway Programs, duration to do CIMA will range from 6 months to 12 months depending upon which Pathway is applicable to you and how much efforts you are ready to put in.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you need specific guidance about duration and other aspects, then get in touch with our team at The WallStreet School.<\/span><\/p>\n<h2><b>Fees:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CIMA UK fees also depend upon the entry route you choose and also the level you start.\u00a0 It also depends upon whether you take tuition support or not.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a 12th pass out going through normal route, without coaching, the cost is roughly Rs. 3-3.5 Lakhs and with coaching it will be roughly Rs. 5.5-6 lakhs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a 12th pass out going through FLP route, with coaching the cost comes out to Rs. 3-3.5 lakhs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Pathway programs, the total fees come out to between Rs. 3 to 5 lakhs depending upon the pathway you choose.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To choose which route will be best for you in terms of cost, duration and other aspects, do get in touch with expert counselors at The WallStreet School.<\/span><\/p>\n<h2><b>CIMA UK Scope in India:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CIMA UK scope has increased exponentially in India.\u00a0 Due to the global recognition of CIMA UK, MNCs usually prefer CIMA UK Professionals and Students for Management Accounting, Finance and Accounting Profiles.\u00a0 The demand for Management Accounting professionals is increasing across the globe and India being one of the preferred choices of MNCs, this demand is only going to grow from here.\u00a0 An Individual can get an early mover advantage in India by joining the CIMA UK program right now as India is becoming the land of opportunities now.<\/span><\/p>\n<h2><b>CIMA UK Scope across the globe:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CIMA UK is an International Professional Qualification accepted in 180 plus countries.\u00a0 So, its scope is there in 180 plus countries of the world.\u00a0 Plus, there is a community of 250,000 plus CGMAs and students in the world who are working across the globe in various positions including but not limited to the positions of CFOs and CEOs of large Multinationals.<\/span><\/p>\n<h2><b>Salary Package of CIMA UK Candidate in India:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Average Salary Package of a CIMA UK Candidate depends upon various factors i.e., Qualification, Experience and Skills.\u00a0 For a fresher, the average package is around Rs. 6-7 lakhs and for an experienced candidate (with 3 to 5 years of experience), the average package is around Rs. 10 to 12 lakhs in India.\u00a0 The average packages are much higher for experienced professionals and people who are already having a professional degree like CA or CMA India.<\/span><\/p>\n<h2><b>Fields\/Profiles in which a CIMA UK student or member can work:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">There are numerous fields\/roles in Management Accounting, Finance and Accounting where a CGMA or a CIMA UK student can work.\u00a0 These include but are not restricted to following:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Management Accounting<\/b><\/td>\n<td><b>Financial Management &amp; Treasury<\/b><\/td>\n<td><b>Risk Management<\/b><\/td>\n<td><b>Accounting<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Budgeting \/ Forecasting<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Project\/Investment Appraisal<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Risk identification &amp; reporting<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Financial reporting<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Financial Planning &amp; Analysis (FP&amp;A)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Working capital management<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Monitoring risk<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Fixed assets accounting<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Variance Analysis<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Foreign exchange management<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Risk Mitigation<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Accounts Payable\/Receivable<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Finally, to conclude, let\u2019s deliberate on why you should choose CIMA UK.\u00a0 CIMA UK makes a lot of sense for the following reasons:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Only 2 to 3 exams in FLP or Pathway Routes: Doable in 6 months to 24 months;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High pass rate i.e., 50 to 60%;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tests are also conducted locally in India;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">3 years of work experience as an Accounting &amp; Finance professional;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Recognized globally in over 180 countries;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A fraternity of more than 250,000 members and students around the globe;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High salary raises during and after the qualification. CGMAs and CIMA students usually earns 100% more than their peers without a Management Accounting qualification;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increasing scope in India;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">AI (Artificial Intelligence) proof career;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flexibility in appearing exam; and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Last but not the least, Level up into the category of decision-makers.\u00a0 CGMA designation can take you to the designation of CEO, CFO<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">1. What is the CIMA course?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The CIMA course encompasses worldwide study into management accounting and involves studying finance, business strategy, and risk management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2. Who is eligible for the CIMA course?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It requires a minimum of a high school diploma. Any higher-level studies would require a bachelor&#8217;s degree or their equivalent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">3. How long is the CIMA course?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The study course is usually finished within 2-4 years, depending on whether you start at a lower level and pace.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">4. How much do CIMA courses fee in the UK?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fees comprised registration, exams, and study materials. See CIMA UK for current pricing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">5. What are the main CIMA course details?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are four aspects to the course: Certificate, Operational, Management, and Strategic &#8211; finance, accounting, and strategy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">6. Is CIMA any different in the UK?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The course content is the same in every country but CIMA UK will offer additional support to students within the UK.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">7. What are the CIMA UK eligibility requirements?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CIMA UK requires a high school diploma and accepts other qualifications for advanced entry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">8. What is the CIMA course duration and fee structure in the UK?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CIMA UK indicates that it will take 2-4 years to study and registration covers both the exams and the fees charged for the levels.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CIMA is the world\u2019s largest and leading professional body of management accountants.\u00a0Read on to learn everything about the CIMA course.<\/p>\n","protected":false},"author":52,"featured_media":2543,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[905],"tags":[],"class_list":["post-2542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-generic"],"_links":{"self":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/2542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/comments?post=2542"}],"version-history":[{"count":0,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/2542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media\/2543"}],"wp:attachment":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media?parent=2542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/categories?post=2542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/tags?post=2542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}