Taking the CIA Exam and getting the certification can be a big investment. Check out the CIA exam fees expected for this big project.
Here is a list of various CIA exam fees (in US dollars) for quick reference. You can find further explanation below.
|Membership type|| IIA|| Non-IIA|| Student|
|1. Membership fee||$250||—||$40|
|3. Exam registration|
You don’t need to become an IIA member to take the CIA exam, but most do. There are two reasons:
The IIA membership fee varies by location. Assuming you are living in the US:
The application and registration fee is a cost that you must pay in your CIA journey. There are discounts given to IIA member and to those studying or teaching in the University.
(a) IIA Member
(b) Non IIA Member
(c) Student Discounts
The CIA exam review materials could be a considerable cost, ranging from $400 to $900. I am going to write a page on CIA review course comparison with pricing details.
Since there are hundreds of testing centers around the world, the travel and accommodation cost should not be a major expense. However, if you need to travel to a neighboring city or country, the cost should be included in your budget.
For a IIA member under the professional category, the total cost is $1,100 (exam + membership fees) + $900 (for the most popular review course: Gleim) = Around $2,000.
If you are a student, the cost is around $1,600.
The decision whether to go for the CIA or for other accounting certification is how you see their values for the rest of the career.
If you are quite certain to develop your career in internal audit, the CIA certification will likely help in salary level, your standing within the organization and recognition in the field of internal auditing.
In other words, go ahead if CIA has a positive ROI for you!
Finally I have a better qualification. The South African National Diploma is lower than a Degree and thus accepted only locally and Namibia. But with this world-wide recognized certification I can go anywhere, and that is a great feeling.
(Annette is our blogger from Namibia, a country next to South Africa. She got an offer to work in Switzerland 4 months after getting her CIA certification.)
This is the best time to learn about the whole process using our free mini-course, or sign up directly below:
I am the author of How to Pass The CPA Exam (published by Wiley) and the publisher of this and several accounting professional exam prep sites.
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