certified management accountant salary

The median total compensation for an entry-level CMA is $50,000 while a non-CMA’s salary is only $20,570. Find your market worth with a report tailored to you, Certifications in the same industry as Certified Management Accountant (CMA), ranked by salary, Epicor Project Management Professional (PMP), Microsoft Certified Business Management Solutions Specialist, Certified Risk Compliance Professional (CRCP), Chartered Scientist: CSci (Science Council), Introducing Broker/Dealer Financial and Operations Principal - (FINRA Series 28), Cisco Data Center Networking Infrastructure Design Specialist, Certified Professional in Healthcare Risk Management (CPHRM), Incorporated Builder: ICIOB (Chartered Institute of Building), Limited Representative - Investment Banking (FINRA Series 79), Certified Regulatory Compliance Manager (CRCM). Of those recipients, 10.4% responded and were considered valid for the purposes for this survey. Obviously earning your CMA has its financial benefits, but respondents had even more good things to say about it. So what exactly does this salary difference mean? **Please note, all figures will be represented in U.S dollars to avoid confusion. Kohila.., It doesn’t matter for the purpose of fulfilling the experience requirement in the CMA exam. While I can’t speak highly enough of earning your CMA, 78% of respondents across all regions have found that earning the certified management accountant certification has strengthened their ability to move across all areas of business and 72% believe this has strengthened their job security. https://ipassthecmaexam.com/cma-exam-location/, Hiii For starters, it was found that CMAs earn 31% higher median total compensation, while individuals with just their CPA earn 22% higher median total compensation than their non-certified peers. Senior and top management CMA employees can earn upwards of $50,000 depending on their position. However, the earlier you earn the certification, the better, for the following reasons: If you’d like to learn more about the CMA salary in India, China, and the Middle East, you’ll find that information in these specific articles. Thank you so much for the advice. In terms of gender disparities, we still see a pay gap, but it’s important to note it has been consistently decreasing over the years. On average, entry level managers earn a total salary of $36,479, while middle management earns only $29,309. For example, the highest CMA earners in China live in Shanghai. Of course, this is in comparison to the high salary earned by North Americans, which appears to be in a league of its own. According to the IMA salary survey, total compensation increased by management level in almost every region. © 2020 CMA Exam Academy, All rights reserved. In Europe, those numbers are compelling. Younger professionals typically make less than older professionals. I, personally, feel like the CMA has been a game-changer for my career and believe it can be for you as well! The overall average of additional compensation decreased significantly last year; by 33%, in fact. The average certified management accountant (cma) salary in Philadelphia, Pennsylvania is $116,266 or an equivalent hourly rate of $56. “I was able to advance in my position in the company by earning the CMA. For this reason, the IMA says the increase in female respondents might account for Asia’s significant salary decrease. The places I mainly prefer are New Zealand, Canada, Netherlands, Ireland or Switzerland. In 2020, the overall percentage of survey respondents who held a CMA certificate in Europe increased to 58%. This more than likely contributes to the lower salary figures and is something you may want to keep in mind if you are a female looking to become a CMA in China. I’d also like to hear your suggestions about any other courses I can study to work abroad…thank you.. , Hi Vivek, it’s great that you are planning ahead for your career. For example, senior management CMAs earn $90,000 in total compensation annually, while non-CMAs earn just over half of that with $47,000. Results from the certified management accountant salary survey showed that the majority of respondents held middle management positions and had been working in the field for nearly a decade. That’s because the IMA salary survey finds that at the global level, CMAs earn 62% more in median salary and 67% more in median total compensation than non-CMAs. And they are not the only ones who feel that having your CMA opens more doors. Overall, respondents in the UAE earn 90% of their median total compensation as base salary and this is consistent across all age groups, except for those ages 50 and older. Want to know why I’m devoted to helping you achieve your CMA designation? Uniquely, compensation varies by region in China. This is less than the gender pay gap we saw in 2017 so at least we are on the right track. Salary and career advice to put you a step ahead. For example, CMA’s mean total compensation is $42,670, while non-CMA’s is only $35,791. Your email address will not be published. You may want to learn more about this here: https://ipassthecmaexam.com/cma-experience-requirements/, Hello my name is Vivek.I’ve just completed my graduation exams and I’m waiting for some more semester results to be out.Right now I have a tough time deciding what I need to study next. Though India was calculated separately, I wanted to touch base on some of the key findings for this region. And while we’ve broken down a few key regions, let’s take a look at a Certified Management Accountants salary from a global perspective. This particular break down of the certified management accountant salary survey is my favorite. Maybe you need to narrow down your target countries a bit for further planning? I've coached thousands of candidates to pass the exam on the first try. Another notable benefit is the vast quantity of CMA careers you’ll qualify for. All regions reported a similar result, and the median raise of 6% was up from last year’s 5%. Ever wonder what the average CMA salary is? This survey found that 77.5% of respondents loved their job. It really pays to hold the CMA certification. The IMA reports that the global mean base CMA salary of 2018 was $74,344, while the global median base CMA salary was $66,000. Their median total compensation was $112,500. For the purposes of this post, we will be talking about the USA specific data first, then covering several other major regions of the world for which data is available. Both regions boast the highest CMA salaries. In the Middle East, those aged 40-49 years earn a mean base salary of $50,811 which is half of what those aged 50 and over earn; a whopping $101,193. I've coached thousands of candidates to pass the exam on the first try. The IMA is thrilled to report that CMAs in lower-level positions benefit the most from their certification. The vast majority of people I know in the US take self-study courses. In fact, the number of usable responses for this year’s salary survey has tripled since the 2017 survey results were published. I’m 3 rd year of my bachelor degree While this may seem like a rather limited pool to draw from, this represents a 246% increase from those surveyed in 2017. Women’s total compensation in that region is only 78% of that of men. You can also learn how to pass the CMA exam on your first attempt from my free e-course. With my comparison of the most popular CMA review courses, you can get the best course for you! Certainly gives you something to work towards, doesn’t it! Hi Omar, as to the benefits, you can check out this page here: https://ipassthecmaexam.com/why-become-a-cma/ Don’t let these details discourage you though. One more interesting fact is that all levels of management work nearly the same average of hours per week. 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. I did my graduation (BCOM) and Post graduation (MBA) from University of Calicut. Women aged 50+ are a close second, earning 85% of the mean salary of their male peers. It is important to note that the latest salary survey found that most women in CMA roles held lower management positions. Not only does it allow you to be your own boss, but it also means you are the only one who can put a cap on your salary. With an average of 45.5, India and Jordan reported the second longest workweeks. Check out this page and see how I do that: https://ipassthecmaexam.com/why-become-a-cma/, Copyright text 2020 by IPasstheCMAExam.com | Privacy Policy | Terms of Service and Disclosure Policy | Contact Us, CMA Salary: Discover the Numbers for the Certified Management Accountant Salary, How to Become a CMA in 12 Months: My Awesome Complete Guide.

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