Study Plan

CMA (IMA) Study Plan: A Part-by-Part Schedule

By The Exam Atlas Editorial Team · Verified 2026-05-29

A realistic plan over about a year, around 300 total hours. Study one part at a time and rehearse the essays, not just the multiple-choice.

StageFocusCheckpoint
Months 1–2Part 1: planning, budgeting, cost managementYou can build a budget and analyse cost
Months 3–4Part 1: performance, controls, analytics + essaysYou can write a structured essay answer
Months 5–6Part 2: financial analysis, corporate financeYou can analyse statements and finance decisions
Months 7–8Part 2: decision/risk/investment + ethics + essaysYou can reason through a decision scenario
Final weeks/partFull timed practice incl. essaysYou consistently reach the pass standard

Tips

Do not leave the essays until the end — practise writing under time pressure throughout. Confirm eligibility (degree, two years’ experience, IMA membership) with IMA, and note the CMA can be completed faster than the CPA or CFA.

FAQ

Which CMA part should I take first?
Many candidates take Part 1 first, as its planning and cost material builds a foundation, then Part 2. Either order is allowed.

Sources