cima strategic case study results 2023

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Those CIMA May case study pass rates

The May 2023 CIMA case study exam pass rates are out, and it was a mixed bag of results.

The operational case study pass rate dipped 4 percentage points to 64% (when compared to February 2023). It hasn’t been this low since May 2022, when the pass rate was 62%.

The management case study pass rate also fell to 67% in May (it was 72% in February). We went back to February 2021 pass rates and this is the lowest it has been for over 10 exam sittings!

The good news was the Strategic case study, which saw the pass rate rise to 62%. The Strategic case study has the most volatile pass rates, which have been as high as 72% (February 2022) and as low as 56% (February 2023).

Stephen Flatman, Vice President, Examinations – Management Accounting, told PQ magazine: “I am delighted to extend my warmest congratulations to the candidates for their success in the May case study exams. They have demonstrated commitment to their professional development, dedication and hard work.

The business simulation exams are designed to be challenging. They test candidates on the application of business practice and a deep knowledge of all aspects of accounting and finance. That way, employers all around the world can be confident that prospective employees who have attained the prestigious Chartered Global Management Accountant (CGMA) designation will be a great asset to their organisations.”

CIMA May 2023 Case Study exam pass rates: OCS 64%; MCS 67%; SCS 62%

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CIMA Strategic Case Study

Theory revision series

In our post-exam surveys after almost every strategic case study exam, students tell us they wish they’d spent MORE time revising the theory from their E3, F3 and P3 exams.

For many students, it’s been months (if not years) between them passing their objective test exams and attempting the case study – a lot of time for their knowledge to slip!

And yet, to revise all three subjects in full is nigh on impossible when you also have to understand the pre-seen and master your case study technique too.

Our aim is to save you time and make your life easier!  We have examined the last 8 years of case studies to work out what theory tends to come up regularly and what rarely comes up at all, and summarised all the key examinable topics in a clear and simple way in our revision texts and videos.

Our SCS theory revision series: + Covers all the most important theory that you need to know for the case study exams + Converts the key content from over 1,100 pages of syllabus study texts into just 552 pages + Condenses the theory into manageable chunks, with around 33 hours of video to watch + Gives you the platform to successfully apply the syllabus theory to the pre-seen company and the un-seen exam scenarios

Find out exactly what’s covered and take a look at our samples from the theory revision series below.

“I couldn’t recommend Astranti enough. I used them throughout my case study preparations and found their materials prepared me so well for the exams, meaning I was confident in all aspects from exam technique to theory to case study analysis.”

CIMA Case Study Student , January 2024

“I have completed CIMA’s MCS and SCS with Astranti and have passed them both at first attempt. Great Customer Service, Course Structure is Excellent. Mocks and Theory Revision Kits are the best feature of the course.”

CIMA Qualified , April 2022

Learn what it takes to pass

Focus on the key topics you’re most likely to be tested on

Refresh your syllabus knowledge with help from our tutors

Clear and simple examples bring each topic to life

Reduce revision time

Avoid rereading the full E3, F3 and P3 study texts

Save yourself time and focus on the most important topics

Revise from one place, using our study texts or videos

Switch up your learning

Watch the videos, download the audio or print the study texts

Cement your knowledge in the way that suits you

Content is split into manageable chunks to make things easier

Take a look for yourself…

Part 1 – Key theory from CIMA E3

Part 1 - What's covered?

• Chapter 1: Mission and Objectives
• Chapter 2: External Analysis
• Chapter 3: Scenario Analysis
• Chapter 4: Internal Analysis
• Chapter 5: Product and Corporate Appraisal
• Chapter 6: Developing Strategic Options
• Chapter 7: Strategy Evaluation
• Chapter 8: Supply Chain Management
• Chapter 9: Digital Technologies

Total video running time: 10 hours

Part 2 – Key theory from CIMA F3

Part 2 - What's covered?

• Chapter 1: Finance Strategy
• Chapter 2 : Dividend Policy
• Chapter 3: Equity Finance
• Chapter 4 : Debt Finance
• Chapter 5: Financial Risk
• Chapter 6: Currency Risk
• Chapter 7: Mergers and Acquisitions
• Chapter 8: Business Valuation I
• Chapter 9: Business Valuation II

Total video running time: 13 hours

Part 3 – Key theory from CIMA P3

Part 3 - What's covered?

• Chapter 1: Risk
• Chapter 2: Further Risk Management
• Chapter 3: Governance and Reporting
• Chapter 4: Internal Controls
• Chapter 5: Management Control Systems
• Chapter 6: The Role of Internal Audit
• Chapter 7: Cyber Threats
• Chapter 8: Cybersecurity Objectives
• Chapter 9: Cybersecurity Processes

What our students have to say…

Please see our  testimonials page  for our latest student reviews. Here are a couple of examples:

“I passed my SCS exam in November 2023. As I came through the CFO pathway, I knew I needed to fill knowledge gaps before tackling the CIMA Strategic Case Study.

Astranti’s Strategic level theory summaries proved invaluable for this. This streamlined approach saved me precious time and helped me confidently navigate the pre-seen material.”

CIMA Qualified , November 2023

“I have purchased the theory revision series for Management Case Study and now Strategic. Very informative and provides useful scenarios you can expect to see in the exams as well as gaining an understanding of how to build application marks in case studies.

I passed MCS first time with the help of this, so I’ve purchased in again for SCS. Fingers crossed! Would highly recommend this revision series. Thank you!”

Passed CIMA MCS , October 2021

Purchase the theory revision series

The Theory Revision Series is also part of our SCS Premium Course. Head to the course page to find out more.

SCS Theory Revision Series £165

To qualify for the pass guarantee you need to ensure you complete ALL of the following steps. Failure to complete all of these steps will mean you will not qualify.

View & Print:

1. Click the “View + Print” link to view the study text.

2.  Wait  for all of the pages to load , this can sometimes take a couple of minutes depending on the size of the document (scroll to the last page to ensure that every page loads).

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To access this resource you will need to purchase it, or join our complete course. Visit our quick purchase page to get the resources you need.

Strategic level

Strategic level is the third and final level of CIMA's CGMA Professional Qualification and consists of three subject areas.

Exam pass rates

We publish up-to-date pass rates for the CGMA Professional Qualification exams every three months.

For the CGMA Professional Qualification, CIMA has published CGMA Examination Blueprints, based on the syllabus, that set out what is examinable in each of the nine Objective Tests and three Case Study Exams. The blueprints are published annually and provide information about the format, structure and weightings of the assessments.

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Exam Resource

Ocs may and august 2023 post exam material.

This document contains the full post exam supporting materials for the May and August 2023 Operational Case Study exams. This includes:

• pre-seen material
• exam variants
• suggested solutions
• examiners report
• marking guidance