The Institute of Management Accountants’ (IMA) 2019 Global Salary Survey, has shown that CMA (Certified Management Accountant) certified professionals globally earn 55% more in median total compensation than non-CMAs.
Young accountants particularly reap the benefits of becoming certified, as research found CMAs in their 20s earn 70% more in total compensation than their peers who do not have the CMA, and those in their 30s earn 67% more.
Hanadi Khalife, director of MEA and India operations at IMA, said: “The CMA program’s focus on planning, analysis, and decision support aligns closely with the skills management accounting and finance professionals need now and will need in the future. In the region, we’re particularly encouraged to see CMAs continue to reap the benefits of the certification and move up the career ladder, to become trusted business advisors to their organizations.”
According to responses from more than 5,200 IMA members, the survey also finds that the CMA empowers finance professionals as the digital age makes its way into accounting and finance. As many as 72% of respondents agreed that the CMA strengthens their job security in the digital age and 78% agreed that the CMA strengthens their ability to move across all areas of the business. More than 76% of respondents agreed that the certification provides additional career opportunities.