CMA Exam Risk Management

CMA Exam Risk Management

Many of you have been asking me what you can do to improve your chance of passing your CMA Exam. In this post I talk about risk management and what you can do to help ensure your success on the exam.

Start With Yourself

The first step of risk management starts with yourself. You must know why you are taking the CMA exam (or any professional exam). It can be for a raise, a better job, or because you want to learn the material (the exact reason does not matter). What matters is that you have a specific reason. Passing the exam requires a significant time commitment and if you do not know why you are doing it, you will find many reasons to not study. (See: The Only Question You Need to Answer to Pass the Exam)

Have a Plan

Second, you need to have a plan for studying and passing the exam. As the saying goes, “If you fail to plan, you plan to fail.” I cannot overemphasize this point—make a schedule so you know when you are studying and when you are not studying. (See: Exam Tip: Scheduling for Success and Peace of Mind)

Use Your Study Materials

Third, use your study materials. You cannot learn from your materials if you do not study them. This means that you not only read the textbook, but you study the examples and solve every practice question, both multiple-choice and essay. If you have flash cards, use them. We created flash cards for a reason—they are a very helpful study tool. Our videos are also very helpful and reduce the amount of time needed to study and make the study process a bit easier for most people.

Ask Questions

Fourth, ask questions! As you are studying, certain concepts will be unclear. When this happens, do not ask Google. The CMA exam has very specific content, and very little of what is on the Internet is specific for the CMA exam. A lot of what you find on Google will also be wrong information. You could also just “hope” that they do not ask about a particular topic on the exam, but this is very risky because you cannot predict what the specific topics your exam will cover. Your best option is to ask questions. Please, ask questions! At HOCK, we provide unlimited support to all candidates who purchase our materials because we want you to pass the exam. If the company that you bought materials from does not support you by answering questions, let them know that they should. 

Share the Risk With Another Party

Finally, you can share the risk with another party, which is what car, home, or health insurance do. You hope that you do not need to use the insurance, but if do, you’re very glad that you have it. You can do this for the CMA exam with HOCK’s “You Pass or We Pay” Guarantee. If you follow our program and do not pass the actual exam, HOCK will pay for you to retake the exam. You hope that you do not need to use it, but if you do, you will be very glad that you have it.

Brian Hock, CMA, CIA

 

We are thrilled to introduce a new Live Step-by-Step CMA Part 1 Course! The course will cover the entire syllabus step-by-step including expert teaching, answering practice questions, and strategies for writing essays. The original price is $500, but the course is on sale for $300! Use coupon code ADVANCE to save 40%!

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3 Comments

  1. Rahul Sawant on February 2, 2021 at 4:40 am

    Study shall be Exam oriented to pass out any Exam in the Life. ( Planning of Time, Strategy for judgmental Obstacles, and Application these are just tools to play with )



  2. Bryan McCready on February 11, 2021 at 8:39 pm

    Will there be any live Step by Step courses available that are more conducive to the Easter Time Zone?



    • Yulia Hock on February 12, 2021 at 6:24 am

      Hello Bryan,

      Yes, we are planning to add different time options in fall 2021 (for January/February exam window).

      As of right now, you can still join the Live CMA course, and if the time doesn’t work for you, you can watch video recordings and reach out to the teacher when you have questions. Please note that this class goes in-depth on all exam topics and prepares candidates for the September/October exam window. Here is the link with the details: https://www.hockinternational.com/shop/cma-live-course/

      If you are planning to take the exam in May/June 2021, we also have Crash Course and MCQ Practice course. This is not a full CMA Exam prep course. It is assumed that the candidates have already studied for the exams. This course is designed to review the most challenging exam topics and practice MCQs. Here is the link with the details: https://www.hockinternational.com/shop/cma-crash-course-and-mcq-practice/

      Please let us know if you have any further questions!