Clarifying the Relationship between the IMA, the ICMA, and Wiley: Why It Matters to You
When talking with CMA candidates, we are frequently asked about the IMA, the ICMA, and Wiley, and how they are related, especially because Wiley advertises its CMA program as the “IMA’s Official CMA Test-Prep Suite.” What does Wiley’s relationship with the IMA mean to you as a CMA exam candidate? It doesn’t mean anything – and here’s why.
The Institute of Certified Management Accountants (ICMA) is the examining body for the CMA exam. The ICMA creates the exam syllabus, writes the exam questions, grades the exam, and releases retired exam questions to the review course providers.
The Institute of Management Accountants (IMA) is one of the leading worldwide associations of Management Accountants. They maintain the association’s membership records and provide administrative support to the ICMA with respect to the exam, such as processing exam registrations, but are not involved in any way with writing or grading the exam. As stated by Dennis Whitney, Senior Vice President of the ICMA, “In terms of exam development and administration, ICMA is independent of the IMA.”
Wiley is an independent exam prep provider like HOCK, Gleim, and others. In 2013, the IMA entered into a collaborative partnership with Wiley, endorsing the Wiley CMA materials as the “IMA’s Official CMA Test-Prep Suite.” While this “Official” label implies that Wiley materials are inherently better than other exam prep providers, no such conclusion about superior quality is justified. Neither the IMA nor Wiley have any more information about the CMA exam than any other provider, nor has Wiley met any published standards of quality to earn this “official” label.
What does this mean for you?
- The ICMA and the IMA are separate entities. The IMA/Wiley partnership operates completely independently from the ICMA.
- Neither the IMA nor Wiley has “insider access” to any information about the CMA exam. The IMA and Wiley receive the same information from the ICMA as HOCK, Gleim, etc.
- The ICMA does not review the content or vouch for the quality of the Wiley materials. In fact, the ICMA does not review or vouch for any providers’ materials.
Dennis Whitney sums it up clearly: “ICMA is separate from the IMA/Wiley partnership. The ICMA treats all review course providers the same. No review course provider or developer of materials has more information, earlier information, or different information than any other provider.” Every provider, including Wiley, is completely independent from the ICMA and has to develop their own materials, tools, and methodologies for studying.
In terms of the quality and content of the materials, HOCK offers several advantages to CMA candidates that are not available with any other provider:
- HOCK’s exclusive “You Pass Or We Pay” Guarantee, a guarantee that pays for you to re-take the exam if you do not pass on your first attempt. No other provider is that confident in its materials.
- The only complete video course. With 48 hours of instruction, our course is taught by Brian Hock, who brings 15 years of teaching experience right to you.
- The most comprehensive textbooks. Our textbooks are not just a review. HOCK textbooks start with the basics and teach you from the ground up everything you need to know.
- Unlimited access. Get updates and support from our CMA experts for as long as you need to pass the exams.
- Cutting edge technology. HOCK led the market with the first videos, electronic flash cards, and PDF textbooks.
- Switch to HOCK discount. Only HOCK offers a discount on materials if you already purchased materials from another provider.
Learn more about the HOCK CMA exam preparation to see what makes HOCK the most complete and effective CMA program available at https://www.hockinternational.com/cma/
The information on this page about the IMA, the ICMA, and Wiley has been reviewed and approved by the ICMA.