CIMA Removes Exemption Fees For New Students

The Chartered Institute of Management Accountants (CIMA) has said that it will no longer charge exemption fees for new students who hold a relevant degree or qualification required by the body.

The decision will take effect from 1 August 2019, and will also make CIMA the first professional body to remove exemption fees in the UK, and is designed to encourage accessibility and social mobility and to encourage students to start their studies and further support their career development.

While making the announcement, the CEO of FCMA and CGMA, Andrew Harding, said: “CIMA students come from many different backgrounds and countries with a variety of educational experiences and qualifications, and the Institute believes that students should not be put at a disadvantage for undertaking prior learning in the accounting field.

“By removing a significant barrier to entry into CIMA qualifications, we want to offer the opportunity to build a successful and sustainable career to as many individuals as possible and help create a diverse, dynamic and future-ready workforce.

“We are setting a new standard for the accounting profession, and hope that other professional bodies will join us in delivering greater accessibility and equity in to the profession.”