Scholarships are one of the many ways in which students fund their education. The Institute of Management Accountants (IMA) offer scholarships to students who are enrolled full-time at a university at the undergraduate or graduate level. WGU may nominate five students to receive scholarships during each academic year (September – June.) Recipients of the CMA Scholarships will receive a comprehensive package of benefits that include:

• IMA membership for up to 3 years while pursuing completion of the CMA exam
• Entrance fee to the CMA program
• Exam Support Package with retired exam questions and a glossary of terms
• Registration fees for the first attempt at both parts of the CMA exam
• Gleim course provider review material (all regions except China)

WGU's Nomination Process

Due to the large number of students who attend WGU in the accounting and finance programs, WGU designed a formal process for nominating students. WGU is allowed to nominate five students for the scholarship each academic year (September-June).

• Twice a year an email is sent to eligible students inviting them to apply for the CMA Scholarship. The email outlines the application process as well as the deadline to submit the application. 
• A committee reviews the submitted applications to ensure all required elements are included, and ranks the essays based on the rubric designed by the committee. The review process takes approximately 2-4 weeks.
• Students will be notified by email shortly whether they have been selected. Students who are not selected may still apply during a subsequent application period if they still fall within the eligibility criteria.
• A nomination form is sent to IMA with the nominated student’s first and last name, WGU enrolment status, major field of study, expected date of graduation, personal email address, student address, mobile phone number, and IMA customer number.
• Once IMA processes the information, they will send an email to the nominated student’s personal email. The student has 10 days to accept IMA’s offer.​​​​​​​

Eligibility Requirements

• Undergraduate program: Students must be at a junior level or higher and must not have more than 60 CUs or fewer than 15 CUs remaining in their program.
• Graduate program: Students must have no fewer than 9 CUs remaining in their program.
• Managerial Accounting Course(s): Students must have passed one of the following courses on their first attempt:
  • Managerial Accounting (UFC1)
  • Cost and Managerial Accounting (D101)
  • Cost and Managerial Accounting (C250)
  • Advanced Managerial Accounting (C253)
• ​​​​​​​Active and in good standing: Students must be active and in good standing in their program.

• IMA: Two 1-year undergraduate scholarship in the amount of $2,000 each for women who are working toward a Bachelors degree in Accounting. In addition to the cash award, scholarship recipients will receive a complimentary 1-year student membership to the IMA, the CMA exam entrance fee, as well as the exam registration fee. The CMA exam entrance and registration fees have a two year time limit and are non-transferrable.
• Michele L. McDonald Memorial: An annual scholarship will be awarded in the amount of $1,000 for the purpose of earning a degree in Accounting, with preference being given to a woman returning to college from the work force or after raising children. 
• Moss Adams Foundation: This annual scholarship in the amount of $1,000 for women who wish to earn a Bachelors degree in Accounting is available to minority women, or women returning to school as current or re-entry juniors or seniors, or women pursuing their fifth year requirement through ether general students or within a graduate program. 

• IMA: IMA is funding a 1-year scholarship in the amount of $1,000 to a student who is beginning her graduate studies. In addition to the cash award, scholarship recipients will receive a complimentary 1-year student membership to the IMA, the CMA exam entrance fee, as well as the exam registration fee. The CMA exam entrance and registration fees have a two year time limit and are non-transferrable.
• Moss Adams Foundation: This annual scholarship in the amount of $1,000 is available to minority women, or women returning to school as current or re-entry juniors or seniors, or women pursuing their fifth-year requirement through ether general students or within a graduate program. ​​​​​​​