CMA Scholarship Opportunities

We’re proud to support the Student Scholarship Program from the Institute of Management Accountants with free exam prep materials. This program is a great way for motivated students to complete the CMA or FMAA program for free!

IMA allows professors to nominate their students to receive a Student Scholarship, and the students get to choose if their scholarship applies to the CMA or FMAA. 

The program includes:

• Two years of IMA Student membership
• CMA entrance fee or FMAA exam/entrance fee (exams must be passed within 12 months of receiving a scholarship)
• CMA exam fees for both exam parts (can only be used once)
• Scholarship recipients in the U.S. get access to free Gleim study materials for 12 months from the time the scholarship is received. 

Professors at IMA-endorsed schools can nominate 10 students per academic year for a scholarship. Professors at IMA Partner schools can nominate 3 students.

All students nominated by a professor will earn a scholarship as long as they meet the eligibility requirements.

For Professors

Fill out the nomination form found on IMA’s page Opens in new window to nominate your students. Nominations are accepted from September 1 – June 30 each academic year.

For Students

You cannot nominate yourself for the scholarship, so reach out to your professor about filling out the nomination form. Students must be IMA members to be nominated, so make sure you already have an IMA member account.

IMA offers several other scholarship opportunities that students can qualify for. Check out each of these opportunities to see if you meet the criteria to apply. Each program has different application windows and deadlines each year, so be sure to check the deadlines for each scholarship.

Stuart Cameron & Margaret McLeod Memorial Scholarship (SCMS)

This scholarship awards $5,000 to students actively involved in their IMA Chapter. It also includes free registration and travel for select IMA conferences and mentorship opportunities.

See detailed eligibility requirements and learn how to apply on the SCMS page Opens in new window.

IMA Century Scholarship Award

This scholarship recognizes two IMA student members with $7,500 and a CMA scholarship. The students must be from IMA Endorsed Schools or active members of an IMA student chapter.

It’s open to undergraduate seniors or graduate students in the accounting field. IMA aims to award this scholarship to students with a passion for volunteering and being a leader in the management accounting profession.

See the detailed criteria you’ll need to meet to apply on IMA’s page Opens in new window.

CMA Doctoral Scholarship Program

This scholarship supports eligible doctoral students with a package that includes:

• IMA academic membership for 3 years
• Entrance fee to the CMA program
• Exam Support Package
• CMA Exam registration fees for both parts (first attempt)

To apply, you must be in a globally accredited doctoral accounting program concentrating in management accounting or financial management. You’ll be required to create an account with IMA and submit the completed application form with a letter from the head of your doctoral problem.

Learn more about how to apply on IMA’s page Opens in new window.

IMA Doctoral Scholars Program

This program awards up to $10,000 in research funding to support students in accredited doctoral programs conducting research that furthers the profession of management accounting. The fund amounts awarded vary by what stage you’re at in your doctoral program and the timing of your specific research project.

Learn more about the detailed requirements and documentation you’ll need to provide when you apply on IMA’s page Opens in new window.

EFWA Scholarships for Women in Accounting

IMA partners with the Educational Foundation for Women in Accounting to award multiple scholarships annually to support women pursuing an accounting degree at an accredited college or university.

The scholarship amounts range from $1,500 to $2,000 and the recipients also receive:

• 1 year of free student membership with IMA
• CMA program entrance fee
• CMA exam registration fee for both parts.

The EFWA provides several different scholarships. Learn more about all of the opportunities available on their page Opens in new window.

Students also have the opportunity to compete to win prizes or apply for achievement awards.

IMA Student Chapter Award of Excellence

IMA awards Student Chapters that excel at providing activities and services to their members and promote IMA’s mission to advance the profession. Chapters are eligible for bronze, silver, or gold achievement, and gold winners receive $500.

Learn more on IMA’s page Opens in new window.

IMA Clark Johnson Achievement Award

The winning chapter receives $5,000 as recognition for their efforts in the areas of leadership, development, and partnerships. This award is for chapters who excel at focusing on helping students develop necessary skills and supporting chapter members to achieve success.

Learn more on IMA’s page Opens in new window.