CSCA Exam Information
Certified in Strategy & Competitive Analysis
CSCA Exam Information and FAQ
Below we have assembled answers to the most common questions that we receive about what it means to be Certified in Strategy and Competitive Analysis (CSCA) and how to become a CSCA.
What is CSCA?
The CSCA Certification is established by the Institute of Management Accountants (IMA) and is designed for business professionals who are looking to strengthen their strategic planning and competitive analysis capabilities and aim to be at the forefront of business decision-making and strategy implementation within their organizations.
Who is CSCA for?
Becoming a CSCA is ideal for:
- Individuals currently engaged in business roles, whether they are just beginning their careers or are seasoned executives steering their organizations.
- Professionals aiming to enhance their strategic thinking and analytical skills to secure future leadership positions within their field.
How much does it cost to become a CSCA?
The total cost to become a CSCA includes both 1) exam registration fees and 2) exam prep materials.
1) Exam Registration Fees
The CSCA exam registration fee is $600, but through our relationship with IMA, all HOCK students are able to take advantage of a $150 discount, making the cost only $450.
There is no IMA membership requirement for the CSCA exam.
2) Exam Prep Materials
HOCK CSCA Membership includes complete CSCA study materials, professional development courses, digital badges, and access to the HOCK Circle community - all in one place.
You can study at your own pace, take as long as you need, and cancel anytime.
What are the CSCA exam eligibility requirements?
Candidates must have either:
1. Education and experience
- A bachelor's degree (in any field, from any accredited college/university) and
- Two consecutive years of professional business experience
- OR -
2. One of the following certifications:
- ACCA (Associate Chartered Certified Accountant)
- CA (Chartered Accountant)
- CFA (Chartered Financial Analyst)
- CIA (Certified Internal Auditor)
- CMA US (Certified Management Accountant)
- CMA India (Cost and Management Accountant)
- CPA (Certified Public Accountant)
- Any recognized accounting or finance certification - click here for the comprehensive list.
What is tested on the CSCA exam?
Strategic Analysis
- The strategic planning process
- Environmental scan and competitive analysis
- Internal analysis
Creating Competitive Advantage
- What is competitive advantage?
- Strategy in a global context
- Business level strategies
- Corporate level strategies
- Functional level strategies
- Sustaining competitive advantage
Strategy Implementation and Performance Evaluation
- Analyzing strategic alternatives
- Risk management
- Strategy implementation
- Strategy measurement and organizational performance
- Governance, social responsibility, and ethics
You can also view the detailed Learning Outcome Statements from the IMA.
What is the format and duration of the CSCA exam?
The CSCA exam has two components:
- 60 multiple-choice questions - 70% of the exam score
- One case study - 30% of the exam score
Candidates have 3 hours to complete the exam.
Where do I take the CSCA exam and how do I register?
Exams are taken in-person at Prometric Testing Centers located in major cities worldwide. You can search for a testing location on the Prometric website.
There are two testing windows each year: March and September.
HOCK students can register for the exam through HOCK for a $150 discount ($450 instead of $600). Otherwise, registration is done through the IMA.
How is the CSCA exam graded?
Based on the difficulty of the questions randomly selected for your exam and the number of questions that you got correct you are given a “scaled score” between 0 and 400. A 280 score is required to pass the exam.
Note: 280 does NOT translate to 70%. It is simply a score and not a percentage of anything.
Candidates receive exam results via email about eight weeks after the month in which the exam was taken.
What are CSCA exam continuing education requirements?
To keep the certification, the CSCAs must:
- Pay a $49 annual CSCA renewal fee (no fee required for CMAs).
- Complete 30 hours of relevant continuing professional education (CPE) annually, of which two hours must be in the area of ethics.
- Comply with the IMA Statement of Ethical Professional Practice.
How long does it take to become a CSCA?
While every student will study at a different pace, it usually takes about 70-90 hours of study, depending on your knowledge and experience. Our PassMap Learning Management System lets you customize your learning experience. By simply entering your target exam date into PassMap, you will have a weekly study schedule to stay on track for your target exam date.
Where can I find more information about CSCA exam?
Join HOCK Free Membership for CSCA sample study materials, questions, and additional resources.
For more in-depth articles about choosing a certification, preparing for exams, and professional development, visit the free HOCK Resource Library.
If you have any other questions about the exam or study for the exam, please get in touch and we will be glad to help.
Ready to Start Studying?
The best way to begin is to join HOCK CSCA Membership.
Your membership gives you access to complete study materials, professional development courses, digital badges, HOCK Circle community, and more.
You can explore the materials, start studying immediately, and move at your own pace. Keep your membership as long as you need and cancel anytime.