Source: McMaster University
DeGroote grads lead CMA exam pass rate
October 24, 2006
DeGroote School of Business students writing their Certified Management Accounting entry exams have outscored their counterparts from other business schools, according to results from the latest rounds of testing.
DeGroote students enjoyed an 80 per cent pass rate, which places the school ahead of other Ontario universities including Toronto, Western, York and Queen's. The average pass rate for the CMA exam is 65 per cent.
"This result is a great testament to the quality of education we give our students here at DeGroote," said Milena Head, associate dean. "We instill a strong work ethic and a passion for lifelong learning that prepare our graduates for success in their careers. Our students continue to make us very proud."
Certified Management Accountants use a unique mix of financial expertise, strategic insight, innovative thinking and a collaborative approach, to help grow successful businesses. To become a CMA, candidates must complete a rigorous process including a two-part entrance exam and a two-year Strategic Leadership Program (SLP) after which they submit a final board report for assessment.
DeGroote also offers students the opportunity to earn their CMA designation concurrently with their MBA. In the DeGroote Management Accounting MBA, the SLP is incorporated into the curriculum, and students are given exemption from the first part of the entrance exam.
Upon completion of their MBA requirements for the Management Accounting specialization and 24 months of practical work experience, students are eligible to complete the board report, write the second part of the entrance exam and receive their professional designation as a Certified Management Accountant.