You’ve been asking for advice, reading the coolest accounting blogs (like this one!), and weighing all the pros and cons.
If you’re on the fence about earning your CMA certification, the latest CMA salary figures from the IMA® (Institute of Management Accountants) may go a long way in helping you make up your mind.
Just published results from the IMA Global Salary Survey show that last year the median total compensation (salary plus bonuses and other compensation) for management accounting and finance professionals in the U.S. increased to $113,000– up 7.1% from the prior year.
Globally, the median total compensation reached $66,000, according to data collected from IMA members in 81 countries outside the U.S.
But here are the amazing stats:
Wow. What other industry can say that?
According to the IMA’s report, the growing need for budgeting, planning and cost-control skills has produced much higher CMA salary figures for professionals with responsibilities in these areas.
Based on median total compensation, the highest-paying areas are:
1. Information systems — $97,500
2. Education — $93,000
3. Corporate accounting — $84,750
4. General management — $80,000
CMA salary figures remained largely the same or declined for professionals in traditional areas of responsibility such as corporate accounting, taxation, general accounting and internal audit.
IMA surveys its members each year, producing the industry’s go-to CMA salary figures as well as a snapshot of total compensation of today’s corporate financial professionals.
The report features tons of informative graphs and tables like the ones in this blog post.
How does your job compare?