CMA By Self Study: Yes, you can crack the CMA exam by doing self-study because self-study is typically the most important way to prepare for the CMA exam, and there are so many sources available a candidate can choose from.

There are many students who decide to do self-study but have no idea what to choose or what not, spending hours on study, and so on. By reading the full article, all your doubts will be cleared related to spending hours, best resources, and things you should avoid, and so on, so that you will clear your CMA exam without any hustle.

Always remember, “Formal education will make you a living; but self-education will make you a fortune.”

How many hours should I study to clear the CMA Exam by self-study?

The study hours depend on various factors, including learning pace, time commitments, prior knowledge, and so on. However, it is suggested that 150-170 hours (7-8 hours a day) are necessary to study for every exam. 

If it is your first attempt, then it is advisable to study at least 8-10 hours of consistent study for 3 months for each group.

However, for CMA repeaters, they should spend more on preparation as compared to previous attempts and give time to review weak areas, and practice exam questions. So that you can work on your mistakes and avoid them during exam time.

Top resources for CMA Exam Preparation by Self-Study

YouTube videos or live classes: There are many lecture videos available on YouTube related to CMA Topics that cover a wide range of concepts. It is advisable to not to go for multiple teacher’s study material, choose only one teacher and download their classes to save time. In addition to this, YouTube videos can help you study at your own pace and revisit topics as needed.

Live Classes: Live classes for the CMA course help to clear your doubts by asking questions directly to the experts because studying alone can be difficult to resolve complex and unclear concepts on your own. Also in live classes, instructors are often updated about any changes in the exam format, syllabus, or important dates. You can also refer to subscription based classes, pen drive, and Google drive classes while doing self-study.

ICMAI study material: While doing self-study for CMA, it is advisable to use ICMAI study material instead of using another coaching institute study material because the material is designed to prepare specifically for the ICMAI exams and it provides a complete explanation of complex concepts, making them easier to understand. In addition to this, it is designed with the latest syllabus, which makes sure that you cover all the required topics.

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5 things to do while preparing for the CMA Exam by doing self-Study

Give priority to quality over quantity: The number of hours you spend during study time does not matter what matters is what you have learned during that time. Instead of reading, try to understand the concept deeply to remember the concept for a longer time. By focusing on quality study sessions, you can significantly increase your chances of success in the CMA exam by doing self-study.

Make your study plan: An effective study plan is necessary to clear the CMA Foundation, CMA Inter, and CMA Final exam by doing self-study. Make a study plan and divide the syllabus into smaller sections with specific time for each section which helps you to cover the entire syllabus. Also, making a CMA study plan helps you to give more attention to the high weightage topics and helps to divide the topic as per the difficulty level.

Mock test papers: CMA mock test papers help to feel the actual exam environment like time management and understand the level of difficulty. Attempting mock test papers help to analyze your performance and areas for improvement. In addition to this, mock test papers help you to revise the entire syllabus and improve your learning.

Seek Guidance: Guidance is necessary while doing self-study, especially for a rigorous exam like CMA. Getting guidance from a mentor helps you to make a study plan and provides you strategies to clear the exam. A Mentor will motivate and help you achieve their goals by highlighting important topics and sections to focus on.

Make notes: The act of writing helps you to remember the CMA concept for a long time while doing self-study. Handwritten notes provide a clear summary of important concepts and make revision more efficient. Notes will help you to revise the key concepts easily during exam time without reading long paragraphs.

Things you should avoid while preparing for CMA by self-study

• Never go for selective topics, practice each and every concept and chapter thoroughly because all the CMA chapters and topics are necessary.
• Never refer to CMA old study material. Before using any study material, or ICMAI study material ensure that you are using CMA new study material.
• Try to do revision along with preparing for the CMA, do not leave anything for the future.
• Focusing only on strong areas can leave you unprepared for the exam and neglecting weak areas can significantly impact your weak areas.
• Ignoring mock test papers can lead to poor time management during the exam. 
• Never ignore your health because a healthy mind and healthy body are essential for learning while doing self-study for the CMA exam.

Conclusion:

No doubt, self-study is considered to be one of the most trusted methods of study. By doing self-study, one can save his/her traveling time and make study plans according to their preferences. Always remember, self-study needs a high level of self-discipline and motivation, but the result can be worth the effort. By following the above mentioned tips and tricks, one can definitely achieve his/her dream of becoming a Cost and Management Accountant.

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Also check:

• Tips to clear CMA Foundation exam in the first attempt
• How to clear the CMA Inter exam in the first attempt?
• Which is better, CS or CMA?