Welcome Book
Welcome Book
We invite you to explore the information in this brochure, which will guide you
through the benefits of the CMA qualification, the structure of our program,
and the exciting journey that lies ahead. We are here to support you every step
of the way, and we look forward to welcoming you into the ICMAB family.
Start your journey today and become a part of a legacy that lasts a lifetime.
                                                            CMA ACT 2018
                                                                                                  LEARN ABOUT ICMAB
                                                                                                  The Institute of Cost and Management Accountants
                                                                                                  of Bangladesh (ICMAB) is the premier national body
                                                                                                  dedicated to advancing the profession of Cost and
                                                                                                  Management Accountancy (CMA) in Bangladesh.
                                                                                                  Established with the mission to regulate and promote
                                                                                                  the profession, ICMAB offers a rigorous education
        MINISTRY OF COMMERCE                                                                      and training program, culminating in the prestigious
       ICMAB
                                                                                                  CMA qualification for those who meet its high
            GLOBAL RECOGNITION
                                             CMA PROGRAM
                                                                                                  standards. As a statutory organization under the
                                                                                                  Ministry of Commerce, ICMAB operates under the
                                                                                                  Cost and Management Accountants Act, 2018, and
        CMA PROBIDHANMAL 2019                                                                     the CMA Probidhanmala 2019, ensuring adherence to
               5 STUDY CENTERS
             3 BRANCHES
RELEVANT COMPREHENSIVE
                                                                           COMPETENCY FRAMEWORK
                                                                                                  is committed to national growth by fostering the
                                                                                                  development of highly skilled professionals who are
                                             CURRICULUM
                                         IPD
                           CPD
                                                                                                  standards align with international benchmarks.
                                               STUDENTS
                                                      ARTICLESHIP                                 ICMAB operates from its headquarters in Dhaka,
                                                                                                  supported by three branch offices, five study centers,
          JOB PLACEMENT ASSISTANCE                                                                and five overseas chapters. In addition to its
                                                                                                  educational programs, the Institute conducts
             SCHOLARSHIP PROGRAMS                                                                 research and holds the exclusive authority to issue
                UNIVERSITY/COLLEGE/                                                               practicing licenses to its members. With over 1,700
                                                                                                  qualified professionals in leadership positions across
 CUTTING- CORPORATE PARTNERSHIPS                                                                  various sectors and a student body exceeding 20,000,
 EDGE LEARNING MANAGEMENT SYSTEM                                                                  ICMAB stands as one of Bangladesh's largest and
 FACILITIES              COURSE
                                                                                                  most influential professional accounting institutions.
                                                           WAIVER
NATIONWIDE REACH AND                                             CMA CHAPTERS
LOCAL PRESENCE OF ICMAB                                          AROUND THE WORLD
Ensuring Countrywide Easy Access to CMA Professional Education   Bridging Borders, Building Prospects
                                                                 CONTACTS
                                                                 ICMAB Chattogram Branch              ICMAB Cumilla Study Center
                                                                 House 43, Road 27, CDA R/A,          Comilla Victoria Government College
                                                                 Agrabad, Chattogram                  Cell: 01847360703; Email: csc.admin@icmab.gov.bd
                                                                 Cell: 01847360700; E-mail:
                                                                 ctg.admin@icmab.gov.bd               ICMAB Jashore Study Center
                                                                                                      Jessore College
                                                                 ICMAB Khulna Branch                  Cell: 01847360704; E-mail: jsc.admin@icmab.gov.bd
                                                                 KDA Plot No. 24-25, Mozid Sorani     ICMAB Bogura Study Center
                                                                 Road, Sonadanga, Khulna              Govt. Azizul Hoque College
                                                                 Cell: 01847360701; Email:            Cell: 01810187322; E-mail: bsc.admin@icmab.gov.bd
                                                                 khl.admin@icmab.gov.bd
                                                                                                      ICMAB Uttara Study Center
                                                                 ICMAB Rajshahi Branch                Nawab Habibullah Model School & College
                                                                 Holding 275, Plot 93, Banalata       Cell: 01810187320; E-mail: usc.admin@icmab.gov.bd
                                                                 C/A, Shah Mokhdum, Rajshahi          ICMAB Mirpur Study Center
                                                                 Cell: 01847360702; E-mail:           Dhaka Commerce College
                                                                 raj.admin@icmab.gov.bd               Cell: 01810187321; E-mail: msc.admin@icmab.gov.bd
MEMBERSHIP AND AFFILIATION
 WITH PROFESSIONAL BODIES    THE UNIQUE VALUE OF CMA PROFESSION
                             CMA profession stands out for its exceptional versatility and critical
                             importance across various sectors, including public, not-for-profit, regulatory,
                             and academic institutions. CMAs are uniquely equipped to navigate the
                             complexities of modern business environments, offering a competitive edge
                             that guides managerial actions, motivates behavior, and supports the cultural
                             values necessary for achieving strategic objectives. Unlike traditional
                             accounting roles that focus primarily on financial data for regulatory
                             compliance, CMAs provide decision-making inputs that extend beyond
                             numbers, incorporating comprehensive analysis and interpretation essential
                             for organizational success. CMAs play vital roles across multiple functions
                             within an organization. In marketing, they prepare quotations; in production,
                             they advise on profitable product mixes; in purchasing, they assist with make-
                             or-buy decisions; and in top management, they identify and mitigate business
                             risks. Their expertise extends to fields such as taxation, valuation, risk
                             management, and beyond, making them indispensable all-rounders rather
                             than mere specialists.
                                   CMA education sessions are held twice a year: January-June and July-December. The
  Can join          Can join
                                   program offers flexibility in terms of learning modes, with students being able to choose
after HSC or      Irrespective
                                   between coaching and correspondence systems. The coaching system requires students to
 equivalent       of academic
    exam          background       attend the classes, while the correspondence system allows for self-study through
                                   assignments. Students can switch between systems as they progress through the program.
                                   The CMA admission process is streamlined and can be completed online or offline. Students
                                   must provide academic documents, photographs, and payment receipts to complete the
                                   admission process. ICMAB also offers scholarships, including a 100% waiver of admission
                                   fees for students with outstanding academic records, particularly graduates from public
                                   and selected private universities with high CGPAs. Additionally, the Institute offers
                                   scholarship and financial aids for students facing financial difficulties during CMA journey.
 Seamless        Fast track for    ICMAB has a course waiver policy for students under the IER, GER, and PER routes.
admission:        members of       Graduates can apply for exemptions from specific courses based on their prior academic
  online,         other PAOs       performance. The waiver policy is designed to reduce redundancy in coursework and
 offline, or       and GER         accelerate the path to completing the CMA qualification. Similarly, ICMAB examination
provisional        students        system is rigorous, with students required to pass class tests or submit assignments to
                                   qualify for the exams. Examinations are held at various centers, and students are allowed to
                                   sit for two consecutive levels of the CMA program. Thus, CMA education system at ICMAB
                                   is designed to provide flexibility, accessibility, and support for aspiring professionals,
                                   ensuring that candidates from diverse academic and professional backgrounds can pursue
                                   this prestigious qualification. With multiple entry routes, flexible learning modes, and a
                                   supportive coaching and correspondence system, the program caters to the unique needs
  Can join         Can adjust      of each student. Additionally, ICMAB's comprehensive scholarship and course waiver
  with or         CMA journey      policies further enhance the accessibility of the program, enabling students to overcome
  without        as it fits your   financial and academic barriers. By offering a structured yet adaptable approach to
 attending         needs and       education and a rigorous examination system, ICMAB continues to uphold the highest
  classes        circumstances     standards of professional excellence in the field of Cost and Management Accounting.
                                                                                                                                               Dhaka Center
 CMA
 2                                    SESSIONS
                                                                                                      Minimum
                                                                                                        Entry
                                                                                                                                                       Admission
                      January – June              July – December                                                                                       Centers
                                                                                                     Requirement
                                                                                                       (Points)
                                                           Enroll in
                                                           the CMA
                                                           Program
                                                                                                                          21
WAIVE FIRST TIME                                                                                                        COURSES
ADMISSION FEES                                                                                                                              ADMISSION PROCEDURE
                                   GER
                                                 First Time Admission Fees
                                                          Tk. 27,000                                                   2000                       Go to erp.icmab.gov.bd
                                                                                                                         MARKS
       Admission                                                                                                                                  and follow the Guidelines;
       Scholarship                           CMA Admission Fees Tk. 22,500
        for GER
       Candidates
                                   KL          Knowledge Level [3 Courses]
                                               Admission Fee: Tk. 4,500                                                    5                      Choose Entry Route, fill up
                                                                                                                         LEVELS                   and submit the form with
                                   BL            Business Level [5 Courses]                                                                       accurate information;
JANUARY
                                                                                                                                                      MAY
                   COURSE
                   WAIVER                           KL1: Fundamentals of Management & Business Communication
                                                    KL2: Business Quantitative Analysis                                                            SEPTEMBER
                                                    KL3: Business Economics & International Business
                                                    BL1: Fundamentals of Financial Accounting                                              Per Course Exam Fee:
                                                    BL3: Information & Communication Technologies                                         Tk. 625 for knowledge &
        KL1                       KL3               BL4: Marketing & Supply Chain Management
                     KL2                                                                                                                  business level courses;
                                                                                                                                           Tk. 780 for other level
                                                                                                                                            courses (except ICS)
        BL1          BL3          BL4
                                                                                                                OTHER FEES
                                                                                                               AND CHARGES
                                                                                                                                             Cost &
                                                                                                                                           Management
    Strategic                                          Integrated Case Study                                                               Accountant
P
Level
                                                                                                                           analytics
S
E
Management
                                                 Financial                                                                                    Certificate in
       Level
                                                                                                   Fundamentals of
    Operational
                                                                                                                         Training on
R
                                                                                                                          ethics for
                                                 Auditing                                                                                  Finance & Business
                      Accounting                                                                        Financial
A
                                                                             Management                                  professional
                                                                                                                                               Operations
                                                                                                     Management          accountants
                                         Corporate                                                                                            Certificate in
                  Fundamentals of                            Information &
    Business
                  Fundamentals of                              Business
    Knowledge
                                        Business                                                                           Training on
                   Management &                              Economics &
      Level
                                                                                                                        presentation and
                                       Quantitative
                     Business                                International                                               communication
                                        Analysis
                  Communication                                Business                                                       skills
 ICMAB COMPETENCY
 FRAMEWORK                                                                             Transformational
                                                                                        Model of ICMAB
STAY AHEAD WITH SKILLS
   THAT DRIVE SUCCESS
                           SCALING HEIGHTS
                           FROM CMA STUDENT TO                    Clear
                                                                 relevant      ACMA            FCMA
                           DISTINGUISHED FELLOW                    fees
                                                                                                  CAFETERIA
                    sound systems, etc., providing a                                                                    throughout the day catering
                     comfortable and collaborative                                                                     to different tastes and dietary
                       learning environment that                                                                         preferences. It provides a
                         supports high-quality,                                                                           comfortable and relaxed
                    interactive educational sessions.                                                                       dining environment.
The ICMAB library offers The Female Common The prayer room offers a
                                                                                                                                                                    PRAYER ROOM
                         in a 5,000 sq. ft. air-                                                                        space for prayer, study, and                               environment for prayer and
LIBRARY
                                                                                                            CULTURAL AND
                                                                   RIVER CRUISE
                                                                                                         RELIGIOUS DIVERSITY
                                                              Join the annual signature
                                                                                                         Broaden your mental and
                                                               event of CMA students.
                                                                                                           emotional horizons.
How many courses are in the CMA program?                                     time, allowing you to accelerate your progress and finish the program
There are 21 courses (2,000 marks) in the CMA program distributed in         more quickly. These options provide flexibility in managing the
five levels: Knowledge (3 courses of 300 marks), Business (5 courses of      program based on your background and availability.
400 marks), Operational (4 courses of 400 marks), Management (4
                                                                             How this qualification be beneficial if I go abroad?
courses of 400 marks), and Strategic (5 courses of 500 marks) Levels.
Each level is designed to build your expertise progressively, ensuring       The CMA qualification is well-recognized internationally, and ICMAB
you are equipped with the necessary skills and knowledge to excel in         has mutual recognition agreements with professional bodies like ACCA
the field of Cost and Management Accounting.                                 and CPA Ireland. This recognition can provide valuable support and
                                                                             opportunities for your career abroad.
Why do I need CMA Qualification when I have bachelor/master’s
                                                                             When can I admit in the CMA program?
degree in business?
                                                                             You can apply for admission to the CMA program during two main
The CMA qualification is distinct from an academic degree as it equips
                                                                             periods: (1) November to December for the January – June session and
you with specialized knowledge in cost management and strategic
                                                                             (2) May to June for the July – December session. However, if you enroll
decision-making, which academic degrees typically don't cover. Unlike
                                                                             in the correspondence program, you may have an additional month for
a business degree, the CMA is a professional credential that provides
                                                                             admission beyond the usual time, giving you more flexibility to apply.
practical competencies and a practicing license, making you stand out
in the job market. It offers flexibility, international recognition, and
                                                                             Can I continue CMA alongside full-time job?
strong networking opportunities with industry leaders, enhancing your
career prospects and opening doors to global opportunities while             Yes, you can. CMA offers flexible options, e.g., Night Shift Classes:
                                                                             where you can attend evening coaching classes, allowing you to balance
meeting local industry demands.
                                                                             work and study. Alternatively, join Correspondence Program that
What is the duration of the CMA program?                                     allows you to study at your own pace by submitting assignments for
The CMA program is designed to be completed over five levels, with           your subjects. Physical presence is only required during exams, making
each level covering a six-month session. As a result, the full duration of   it convenient for working professionals.
the CMA program is approximately 2.5 years, assuming continuous
                                                                             I am currently pursuing my graduation. Can I still be admitted to
progression through each level.
                                                                             the CMA program?
Is it possible to reduce the duration of the CMA program?                    Yes, you can. Apply for admission to the CMA program through the
Yes, it is possible to reduce the duration of the CMA program. There         IER (Intermediate Entry Route). This route allows students to begin
are two main ways to do this, first, Course Waivers - If you meet certain    their CMA journey while completing their graduation, providing
eligibility criteria, you may receive waivers for specific courses,          flexibility in balancing both academic and professional studies. By the
reducing the overall workload and program length. Second, Concurrent         time you graduate, you may also have a part qualified CMA certificate
Levels - You can choose to complete two consecutive levels at the same       that will surely add value in starting a desirable career.
                                                                         FAQs
I have graduated from a non-business discipline. Can I still be              Tk. 3,000, along with training fees, which are determined by the
admitted to the CMA program?                                                 institute from time to time. Additional fees include Tk. 1,000 per course
                                                                             for waiver applications and Tk. 1,000 per document for testimonials or
Yes, you can. The CMA program welcomes graduates from all
                                                                             certificates. Other services may also incur charges as needed.
disciplines, including non-business backgrounds. In fact, a good
number of CMA-qualified members have successfully transitioned
                                                                             Can I pay my fees in installments?
from various non-business fields into the profession. The program is
designed to equip you with the necessary knowledge and skills to excel       No, fees cannot be paid in installments.
in cost and management accounting, regardless of your previous
academic background.                                                         How long my studentship with ICMAB remain valid?
                                                                             Your studentship will remain valid for 10 years. After that, you can
I have a study gap. Can I still enroll in the CMA program?                   extend it through a De-novo provision for an additional 5 years. If
Yes, you can. The CMA program does not have any age restrictions, so         needed, a second De-novo extension can be granted for another 5 years.
a study gap will not prevent you from enrolling.
                                                                             Do I only need to pass the courses to become a qualified CMA?
How much does it cost to get CMA admission?                                  No, passing all the courses is just one part of becoming a qualified CMA.
The cost of admission to the CMA program is Tk. 27,000. This fee covers      In addition to successfully completing all 21 courses, you are also
both your admission into the program and enrollment in the                   required to complete the necessary professional training in each of the
Knowledge Level. However, candidates with extraordinary prior                five levels and the articleship for 12 months. These practical
academic achievements may be eligible for a waiver on this fee. As you       experiences are essential for gaining hands-on knowledge and
progress to other levels, additional fees will apply for admission to each   developing the skills needed to become a fully qualified CMA.
subsequent level.                                                            Becoming an Associate or Fellow ICMAB member requires additional
                                                                             criteria to fulfull, e.g., experience, CPD hours, etc.
What is the total cost of the CMA program?
The total cost of the CMA program consists of several components. The        How may I continue the articleship when I am in full-time job?
CMA enrollment fee is Tk. 22,500, followed by level admission fees for       The CMA articleship program lasts for 12 months. If you are already
each stage: Tk. 4,500 for the Knowledge Level, Tk. 8,000 for the             engaged in a full-time job in a recognized area, you can submit your job
Business Level, Tk. 10,000 for the Operational Level, Tk. 14,000 for the     experience for the required period, as per the policy, to fulfill the
Managerial Level, and Tk. 22,500 for the Strategic Level, bringing the       articleship requirement. This allows full-time professionals to complete
total admission cost to Tk. 81,500. In addition, exam fees are Tk. 625       the articleship while continuing their employment, making it flexible
per course for the Knowledge and Business Levels, and Tk. 780 per            for working individuals to obtain the articleship completion certificate.
course for higher levels (excluding ICS courses). The institute also
charges an annual fee of Tk. 2,000, which includes a Tk. 1,500               Do you offer online classes?
subscription fee and Tk. 500 for LMS. There is also an articleship fee of    If the authority finds it suitable, online classes are offered.
                                                                         FAQs
How many levels I can continue at a time?                                    If I failed to clear a level in one try, do I need to pay again?
You may continue two consecutive levels at a time. For instance,             No, level admission is a one-time payment. If you do not pass a level on
knowledge and business, business and operational, and so on.                 your first attempt, you only need to pay the required exam fees for
                                                                             retaking the exams, without having to re-enroll in that level.
What is the consequence if I failed to attend required classes or
failed to submit assignments?                                                I am a non-business background/IER student. Will I be eligible for
If you fail to attend the required classes or fail to submit assignment,     a course waiver?
you will be charged a fine to appear for the exam. It’s important to meet    You may be eligible to apply for a subject-to-subject waiver. To qualify,
the class attendance/assignment submission requirements to avoid             you need to identify bachelor’s course(s) from your previous studies
additional penalties. The fines are applied on a subject-by-subject basis,   that match at least 75% of the CMA syllabus for the course you intend
so your status in individual subjects will determine the specific            to apply for exemption.
penalties.
                                                                             How many maximum courses I can get waiver?
What is the consequence if I miss any CMA exam?                              IER and GER students may get waiver in maximum 6 courses.
There are no penalties for missing a CMA exam, aside from losing the         Maximum waiver for PER students is decided by the ICMAB Council.
opportunity to assess your knowledge. You can take the exam at a later
time when it fits your schedule. However, ICMAB always encourage             Can I change admission center or program mode from coaching
students not to miss any exam.                                               to correspondence?
                                                                             Yes, you can change your admission center or program mode from
If I fail in one of the subjects of a level, do I need to reappear for
                                                                             coaching to correspondence by submitting a proper application.
exams of all the subjects of that level?
No, you don't have to reappear for all subjects. ICMAB considers the         Do you issue any certificate for articleship or for partly
results of individual subjects. Once you pass a subject, you do not need     completing the program?
to retake the exam for that subject again.
                                                                             Yes, you will be issued certificates for level completion, training, and
                                                                             articleship. The level completion certificates are considered part-
Can I sit for exam of in only one subject?
                                                                             qualified certificates, recognizing your progress in the program.
You need to register for the CMA exam for the entire level in which
you are enrolled. If a level has four subjects, you must register for all    Where shall I go if I have any further queries?
four. However, you can choose to sit for the exam in only one subject
                                                                             Visit ICMAB website: www.icmab.gov.bd or you should contact the
if needed. Missing an exam for any subject won’t affect the results of
                                                                             ICMAB Education Department, branch office, or your designated study
the others. Similarly, if you have only one incomplete subject left in a
                                                                             center for assistance.
level, you can sit for the exam for that specific subject.
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