Accelerated CMA Program
One of my biggest regrets in my life is that I didn’t do my undergrad in accounting and article thereafter. I love accounting. Yes, I’m aware that I’m a nerd and crazy and unfathomable. However, I did my undergrad in science and to go back now would mean four additional years of undergrad plus articling. At this stage in my life and career that’s a huge step backwards. Instead I’ve been looking into becoming a Certified Management Accountant (CMA). Sadly I met their experience requirements in my first two years of working. With the first year of my MBA I’ll have met 11 of their 17 education requirements. To take the other 6 would take over a year and cost upwards of $6,000. Instead I just sent my in application to take their accelerated CMA program. Its seven months of part time study that will bring me up to speed to take the CMA entrance exam in June of 2009.
However, this also means that I’ll be doing the accelerated part time program concurrently with the second year of my full time MBA. I’m certain that I’m crazy and am aware that this next year will be stressful, but unfortunately the timing relative to my future plans and career development is just too good to pass up. Here’s the breakdown. I start the accelerated program in September 2008 and finish at the beginning of April 2009. I finish my MBA at the end of April 2009. Current plans involve spending May & June travelling around parts of Canada with friends (hopefully), attending family weddings, and my graduation! I’ll write the CMA entrance exam in June 2009. July 2009 will likely be spent doing BME-related activities, attending more family weddings, and getting ready to really travel! I’m seriously considering spending the rest of 2009 travelling and seeing the world. I would then start the actual CMA program (which is done part time via modules concurrently while working full time) in 2010, and graduate with another designation in 2011. Other good news is that I can fly in for the CMA modules, so have flexibility to work/live wherever my little heart desires.
So yes, the next seven months are likely going to suck. Given that I’m told that the second year of the MBA isn’t as difficult or time consuming as the first, I’m hoping that adding the accelerated CMA program will bring up my overall workload to where it was this past year. Stressful and stupid busy, but doable. Additionally, if I don’t do the accelerate CMA this fall then I won’t have time to start it until 2010 which pushes the entire process back by almost a year and a half (which makes it much less attractive).
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why didnt you just do the AP program then do the joint MBA-CMA through the CMA institute? Save about 12,000 that way.
Unfortunately the school I went to (Rotman) doesn’t have a joint MBA-CMA program. As such, I’ve now finished my MBA but am still missing several of the required courses to qualify to go right into the CMA.
I like the idea of getting my CMA designation as I honestly like accounting. However, its just not worth the extra time and effort to take the entire AP program to qualify for the program itself. After two years of my MBA I’m also a little schooled-out and need a break before I think about dedicating myself to more education.