The Certified Management Accountant (CMA) is globally accepted accounting qualification.. This advanced professional certification can open up a range of job prospects for you, particularly in the field of financial and critical accounting management. With the rise of MNCs and offshore establishments in India, the demand for CMAs is growing, leading to attractive salary packages.
Salary in India
As a CMA fresher in India, you can expect to earn between Rs. 5 lakh and Rs. 7 lakh per year, which can increase up to Rs.12 lakh per annum with corporate experience and a solid academic background. However, with time and experience, the salary will rise in tandem with the position.
After becoming a US CMA, you can qualify for job roles such as Finance Manager, Financial Analyst, Financial Controller, Cost Accountant, or Chief Financial Officer (CFO). These positions offer attractive salaries, with Financial Controllers and CFOs earning up to Rs. 15 lakh and Rs. 25 lakh per year, respectively. Additionally, CMAs earn more than their colleagues at all levels of management, notably in senior management positions, where they might earn up to 58 percent more in total income.
In 2020, CMAs in Asia had a median base pay of $28,710, while non-CMAs earned a base compensation of $20,000. The CMA certification is a great way to optimize your chances of getting your dream career and can help you gain expertise in skills such as industrial experience, Financial Modeling, presentation skills.which increase pay the most for these job roles.
Salary in Abroad
The salary for a CMA (Certified Management Accountant) in abroad can vary widely depending on factors such as location, industry, and years of experience. However, on average, CMAs tend to earn higher salaries than non-certified accountants.
According to a survey conducted by the Institute of Management Accountants (IMA) in 2021, CMAs in the United States earn an average salary of $126,000 per year. In other countries, the salary may vary depending on the local market and economic conditions.
For example, in Canada, the average salary for a CMA is approximately CAD 80,000-100,000 per year, while in the United Kingdom, the average salary is approximately £50,000-70,000 per year.
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