Certified Merger Acquisition Advisor (CM&AA) The CM&AA exam spans 150 questions across four hours, split into two 2-hour segments with a lunch break. Questions blend scenario-based analysis with regulatory knowledge, forcing rapid pivots between valuation mechanics, deal structuring nuances, and post-closing integration priorities. This format mirrors real advisory work, where advisors juggle multiple deal phases simultaneously.
| Exam Name | Certified Merger Acquisition Advisor (CM&AA) |
| Format | PDF & Practice Test Engine |
| Target Year | 2026 Updated |
| Features | 100% Verified Q&As |


