Special entry route for ICAI members for CGMA designation
The Chartered Institute of Management Accountants (CIMA) and The Institute of Cost Accountants of India (ICAI) have signed an MoU to allow ICAI members to fast-track in qualifying for the globally recognised and prestigious Chartered Global Management Accountant (CGMA) title, which recognises the most talented and committed management accountants with the knowledge, skills and discipline to drive strong business performance on a global platform.
According to the MoU members of ICAI would be given exemptions in 16 out of 17 papers of CIMA qualification — Certificate in Business Accounting (5 exemptions) and the Professional Qualification (11 exemptions). Hence, a proven ICAI member needs to take only one assessment — the Strategic Case Study Exam — to complete the CIMA professional qualification.
After completion of the Strategic Case Study Exam, proven members of the ICAI must demonstrate three years relevant experience (as per Practical Experience Requirement specified by CIMA) to obtain CIMA membership, along with the globally acclaimed and prestigious CGMA (Chartered Global Management Accountant) designation.
