CIMA (Chartered Institute of Management Accountants), founded in 1919, is a worldwide recognised degree for business and finance professionals. With over 250,000 members operating in over 180 countries, CIMA is the world's biggest professional organisation for Management Accountants.
CIMA specialists work in Corporate Finance, Financial Reporting, Financial Analysis, Business Analysis, Project Finance, Treasury Management, Risk Management, and other areas. CIMA members acquire an extra designation, CGMA, due to a partnership with the CPA (USA) institution. CIMA has over 4500 training and recruitment partners worldwide.
Management accountants evaluate the data to advise on strategy and create a long-term corporate performance. Anyone who is new to finance and business or an established expert may study for the CIMA qualification.
Table of Contents
- Why should one Study CIMA in Australia?
- Can I Study CIMA in Australia?
- CIMA Subjects
- Top Universities to Study CIMA in Australia
- Cost of Studying CIMA in Australia
- Tuition Fees
- Cost of Living in Australia
- Eligibility Criteria to Study CIMA in Australia
- Documents Required in Australia
- Exams Required to Study CIMA in Australia
- Scholarships to Study CIMA in Australia
- CIMA Jobs Opportunities in Australia
- How to get Admission to Study CIMA in Australia?
- Conclusion
Why should one Study CIMA in Australia?
By joining CIMA in Australia, you will be a part of the world's biggest professional body of management accountants. You'll be expected to access the Chartered Global Management Accountant (CGMA) certification and join a truly global network.
Global recognition
CIMA and AICPA, two of the world's premier accounting organisations, support the CGMA designation in Australia. Its goal is to make management accounting the most valuable profession in companies worldwide.
Combine Finance & Business
CIMA in Australia focuses on business, so you'll learn more than just accounting. You will be financially educated and professionally trained in business management, ready to advise on business strategy and risk management.
Prove your professionalism and employability.
As a CIMA student or member in Australia, you demonstrate to potential employers that you are committed to upholding the highest ethical and professional standards. In addition, continuing professional development keeps your qualifications current.
Increase your earning potential
Even while you are still in school, a CIMA Certificate in Australia can help you make more money. The worldwide pay surveys indicate what you may expect to earn as a fully qualified or partially qualified professional worldwide.
Can I Study CIMA in Australia?
Yes, the CIMA Certificate in Business Accounting can be completed in Australia.
CIMA offers this as its entry-level qualification. The length of time it takes to finish your degree is determined by how hard you work when taking your examinations.
CIMA in Australia trains you to become a professional management accountant with the knowledge and abilities businesses seek in employees. Completing your CIMA Certificate does not automatically qualify you as a management accountant; it takes more. You must pass all CIMA's Professional Qualifications objective examinations (exams) and the case study exams.
Can I Study CIMA in Australia?
Yes, the CIMA Certificate in Business Accounting can be completed in Australia.
CIMA offers this as its entry-level qualification. The length of time it takes to finish your degree is determined by how hard you work when taking your examinations.
CIMA in Australia trains you to become a professional management accountant with the knowledge and abilities businesses seek in employees. Completing your CIMA Certificate does not automatically qualify you as a management accountant; it takes more. You must pass all CIMA's Professional Qualifications objective examinations (exams) and the case study exams.
CIMA Subjects
Certificate level
BA1 – Fundamentals of Business Economics
BA 2 – Fundamentals of Management Accounting
BA 3 – Fundamentals of Financial Accounting
BA 4 – Ethics Fundamentals, Corporate Governance, and Business Law
Exam: 4 Objective type Exams
Award: CIMA Certificate in business accounting CIMA cert BA
Operational level
E1:Organizational Management
P1: Management Accounting
F1: Financial Reporting and Taxation
Exam: 3 Objective type Exams and 1 Case study Exam
Award: CIMA Diploma in Management Accounting (CIMA dip MA)
Management level
E2: Project and Relationship Management
P2: Advanced Management Accounting
F2: Advanced Financial Reporting
Exam: 3 Objective Type Exams and 1 Case study Exam
Award: CIMA Advanced Diploma in Management Accounting (CIMA ADV DIP MA)
Strategic level
E3 Strategic Management
P3 Risk Management
F3 Financial Strategy
Exam: 3 Objective Type Exams and 1 Case study Exam
Top Universities to Study CIMA in Australia
Choosing the best Australian institution to pursue your CIMA degree is as crucial as deciding the subject to pursue. Here is a list of the best universities in Australia for CIMA degrees.
|
University Name |
QS World Ranking |
City |
|
Australian National University (ANU) |
31 |
Canberra |
|
University of Sydney |
40 |
Sydney |
|
University of Melbourne |
41 |
Clayton |
|
University of New South Wales (UNSW) |
44 |
Sydney |
|
University of Queensland (UQ) |
46 |
Brisbane |
|
Monash University |
55 |
Clayton |
|
University of Western Australia (UWA) |
92 |
Perth |
Cost of Studying CIMA in Australia
Find out how much it costs to study CIMA, keeping in mind the registration, yearly subscription, test fees, and the costs connected with your selected study style.
New students must pay a one-time registration charge for their first-year membership price. The CIMA subscription year goes from January 1st to December 31st.
In Australia, the one-time registration fee for CIMA is AUD 85. Still, the registration fee for the CIMA professional gateway assessment is AUD 425.
Existing students must pay their membership before March 31st of each year to avoid expiring. Students who have completed the Strategic Case Study test with an AUD280 membership
Exemption costs are free of charge. CIMA tests are charged in tiers as part of our ongoing commitment to providing global access to our credentials and assessments. As a result, the total cost of studying CIMA in Australia over five years is AUD 7,606.
Tuition Fees
|
University Name |
Program |
Duration |
Tuition Fees in INR |
|
University of Melbourne |
CIMA |
2.5 years. |
14-15 lakhs |
|
Australian National University (ANU) |
CIMA |
2.5 years. |
18-22 lakhs |
|
University of Sydney |
CIMA |
2.5 years. |
11-15 lakhs |
|
Monash University |
CIMA |
2.5 years. |
13-20 lakhs |
|
University of Queensland |
CIMA |
2.5 years. |
15-19 lakhs |
Cost of Living in Australia
Knowing the typical living costs in Australia is critical for your financial planning if you want to move there. Individual lifestyle, site of residence, transportation and food choices, and so on all influence the overall cost of living in Australia for students.
Considering all the above, the average annual cost of living in Australia is between AUD 35,000 and 40,000. Overall, the cost of living in Australia is higher than in countries such as the United Kingdom, Canada, and the United States. Yet, it remains one of the international students' most popular study locations.
|
Kind of Expenses |
Amount in AUD |
|
Boarding Schools |
AUD 11,000 to 22,000 per year |
|
Rental |
AUD 165 to 440 per week |
|
On-Campus |
AUD 90 to 280 per week |
|
Shared Rental |
AUD 85 to 215 per week |
|
Hostels |
AUD 90 to 150 per week |
|
Entertainment |
AUD 80 to 150 per week |
|
Electricity and Gas |
AUD 35 to 140 per week |
|
Eating Out and Groceries |
AUD 80 to 280 per week |
|
Internet and Phone |
AUD 20 to 55 per week |
|
Public Transport |
AUD 15 to 55 per week |
Eligibility Criteria to Study CIMA in Australia
Don't be concerned if you wish to be a CIMA aspirant because the eligibility conditions are flexible. According to the terms, the qualifying standards are appropriate for each student.
- Matriculation or O-level
- Intermediate or A-Level
- Undergraduate
- Graduate in any degree
- MBA Degree for fast eligibility to enter the CIMA course
- Or any other professional qualification and therefore enrolling you at a strategic level of CIMA
An aspirant with a bachelor's degree can complete all four CIMA levels in two years.
Documents Required in Australia
Keep the following documents on hand to go on with your application process as quickly as possible:
- Authenticated academic transcripts
- For PG students
- A passport
- CV/resume is required.
- Recommendation Letter
- Test results for English language proficiency for IELTS, TOEFL, and PTE
- Statement of Purpose
- Two letters of recommendation
- Proof of Financial Resources
Exams Required to Study CIMA in Australia
A three-hour case study exam is used to assess each level of the CIMA Professional Qualification. Before you may take a case study exam, you must pass all three objective examinations (or gain exemptions from them) within a level. After passing the case study test, you can proceed to the next level of study.
|
Exam Name |
Minimum Band Requirements |
|
Objective type |
Score of 60 |
|
Case study |
Score of 40 |
|
IELTS |
6.0 or 6.5 |
|
TOEFL |
Score of 90 |
|
PTE |
Score of 72 |
Scholarships to Study CIMA in Australia
|
Scholarship Name |
Description |
Eligibility |
Amount in AUD |
|
Monash International Merit Scholarship |
Provide academic tuition fees |
Higher degree research (HDR) students |
13376.00 AUD |
|
Australia Awards Scholarships |
Assist with general living costs. |
Students with consistently high academic performance |
39,740.32 AUD |
|
UQ Global Connect Scholarship |
Support international students |
High academic performance |
22,543 AUD |
|
Academic Achievement Award Scholarship |
Provide academic tuition fees |
Academic merit, and Financial hardship |
6694.50 AUD |
|
Beng Choon Lim Family Scholarship |
Full tuition award at the University |
High academic achiever |
6694.50 AUD |
CIMA Jobs Opportunities in Australia
CIMA-qualified candidates are considered specialists in financial accounting, management, accounting, and various other professions. Candidates have a wide choice of career alternatives to select from, and they can pursue any of the following job profiles:
|
Job Profile |
Salary in AUD |
|
Management consultant |
25,000 |
|
Business analyst |
54,000 |
|
Management accountant |
40,000 |
|
Financial controller |
52,000 |
|
Forensic Accountant |
38,000 |
|
Project manager |
45,000 |
How to get Admission to Study CIMA in Australia?
Step 1: Sign up as a CIMA student.
This basic procedure must be completed before proceeding to the next phase. When you register, you will be assigned a Contact ID that will allow you to access your MyCIMA account. This is a system that keeps track of your CIMA progress and profile.
Step 2: Earn a Certificate in Business Accounting or its equivalent.
The Certificate in Business Accounting (Cert BA) issued by the CIMA is the default admission requirement for CIMA. This curriculum is for persons who do not have accounting or finance experience but want to change or establish a business and finance-related profession.
Step 3: Enroll in a Professional Qualification Program.
You are eligible to take the CIMA test after passing the Cert BA examinations or obtaining the relevant exemptions. Most applicants will need 3-4 years to complete the CIMA journey beginning with this stage, plus time to get relevant experience. You can take the test and get experience simultaneously.
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Conclusion
We hope the information we provided on the CIMA course specifics was useful to you. AECC Global is a cohesive digital environment that supports our experienced education advice consultants. It enables foreign education research and application of a simple self-guided procedure.
CIMA is a well-known course; therefore, if you have any queries about its curriculum, cost structure, topics, or anything else, please leave them in the comments below.
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