CMA exam results are one way of assessing this alignment. Educational institutions and the accounting profession are endeavoring to develop curricula that prepare students for life after graduation. Yet there is a widely acknowledged talent gap between what organizations desire and what accounting and business graduates can deliver. They often believe the CMA certification is recognized globally, while the CPA license is limited geographically and thus not as useful to their careers in foreign countries.” Missouri State University helps its students pursue the certification by participating in IMA’s CMA Scholarship Program.Ĭolleges and universities are increasingly expected to prepare students for work life after graduation, not just in the short term but throughout a career. Missouri State University Associate Professor Carl Keller reported, “The CMA certification has become an important credential overseas, and many of our international students who plan on returning to their home countries often value the CMA certification over passing the CPA exam. Other institutions have recognized the broad global appeal of the CMA certification. By promoting the CMA certification, BYU has added a whole new strength to an otherwise strong program. More companies looking for students with an interest in management accounting send representatives to recruit on campus and to speak at various events, and they provide internship opportunities that often lead to job offers. Students take advantage of all the programs IMA has to offer, including CMA certification. Today, that chapter is thriving with more than 120 members. Thanks to caring faculty members and the support of the directors of the school of accountancy and IMA, BYU formed an IMA student chapter. The problem? Not all students wanted to go the CPA firm route. BYU was a top-ranked accounting program with 95% of its graduates placing in good jobs, typically with large CPA firms. Now, more employers are recruiting on campus because they’re looking for more than just expertise in financial accounting: They want students who have knowledge beyond auditing, tax, and financial accounting.īrigham Young University (BYU) in Utah faced the opposite problem.
Further, the university promotes dual certification, encouraging students to achieve both the CMA and CPA.
Students are gaining an awareness that the CPA (Certified Public Accountant) isn’t the only certification for an accounting career.
Today, the student chapter actively promotes IMA and the CMA ® (Certified Management Accountant) certification by engaging alumni, the local IMA chapter, and outside organizations and by going on site visits.
Students began receiving CMA scholarships and becoming members of the IMA Accounting Honor Society.
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