Certified Management Accountant: Salary and Career
Since 1972, over 75,000 accountants have earned their Certified Management Accountant (CMA) credential. With such a large membership, it is evident that being a CMA has many benefits. But just how much can a CMA earn? And what are the career prospects for CMAs? This article answers those questions.
Management Accountant Salary
Management accountants without a certification still have good earning potential. While salaries will vary by country, here are a few examples:
- USA: $80,000
- India: 517,068 INR (~$7,053 US)
- Saudi Arabia: 123,000 SAR (~$32,790 US)
- UAE: 114,000 AED (~$31,035 US)
Certified Management Accountant Salary
Looking at the same countries, here are average salaries for Certified Management Accountants:
- USA: $102,500 (28% increase)
- India: 804,187 INR (56% increase)
- Saudi Arabia: 149,469 SAR (22% increase)
- UAE: 179,144 AED (57% increase)
As you can see, the earnings potential for a CMA is much higher. If you would like to see more details, check out the IMA’s 2020 Global Salary Survey.
CMA Career Prospects
Aside from salary, the career prospects for CMAs are excellent. Your extra financial knowledge and expertise put you a level up when compared with non-certified management accountants and increase the value that you can bring to any size organization. In addition, because the demand for CMAs is high, you can work in practically any industry. So whether you’d like to move across various industries for accounting or you’d like to remain in just one, it won’t be hard to find a job.
Professionals with the CMA certification can choose high-paying careers in fields such as:
- Accounting Manager
- Corporate Controller
- Cost Accountant
- Financial Analyst
- Chief Financial Officer (CFO)
The certification is also internationally recognized, meaning you won’t have to get recertified no matter where you go in the world.
Maximize Your Earnings by Becoming a Certified Management Accountant
As you can see, becoming a Certified Management Accountant is well worth your time and money. With comprehensive and expert exam preparation from HOCK international, you’ll be prepared to pass the exams on your first attempt and advance your career. Get started today!