What is CIMA Strategic Level All About?

The CIMA Strategic Level is all about making strategic decisions (to help steer an organisation in the right direction in order to achieve its objectives) and how these decisions should be implemented given the circumstances surrounding the organisation.

It therefore, focuses on long term issues.

As with the other levels of the CIMA professional qualification, at the CIMA Stategic Level there are four exams which have to be completed – three 90 minute objective tests which can be taken on demand, and one 3 hour long case study exam which can be taken in March, May, September or November.

You must have passed all three CIMA Strategic Level Objective Tests before you can sit the Strategic case study exam.

The three objective tests at this level are:

  1. CIMA E3 Strategic Management

Here you’ll learn how to come up with a strategy (plan of action to achieve a goal or objective) and how it can be put in place given such circumstances as a firm’s current position in the market, its access to resources and its external environment.

  1. CIMA P3 Risk Management

In this paper you’ll learn how to identify, classify, evaluate and manage the risks that could harm the implementation of a strategy.

  1. CIMA F3 Financial Strategy

This paper covers how to evaluate and source the finance required to implement strategy. You’ll also learn where such financing could be obtained.

The CIMA Strategic Level Case Study

The aim of this paper is to teach you how to apply your knowledge from the above three papers in the workplace. Here you will play the part of a senior manager (at a fictitious organisation) who has to give advice to top level management on matters such as:

  • The courses of action the business COULD take (strategic options)
  • The risks involved in these strategies
  • Which courses of action SHOULD be taken and where to source the finance for these strategies

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One thought on “What is CIMA Strategic Level All About?

  1. Can i attempt one strategic paper for the first time or we are still using the old method of attempting 3 at once?

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