Globally, Certified Management Accountants (CMAs) are paid quite handsomely and far better than their non-CMA peers. This is according to the latest salary data from the Institute of Management Accountants (IMA).
Each year, IMA® (surveys its more than 85,000 worldwide members, yielding rich data on the salary and total compensation of management accounting professionals. The survey breaks down differences in compensation by level of certification, gender, age, geographic region and much more. The latest IMA Global Salary Survey, detailing results captured during calendar year 2016, is now available. See how your compensation stacks up as well as how much of a premium CMA certification bestows on its holders.
|This Year as a %
of Last Year (Median)
Is the CMA certification still a solid-gold career credential? Absolutely.
Globally, CMAs earn 61% more than non-CMA holders. In Asia, where salaries are lower compared to other regions, professionals with CMA certification take home 66% more in median total compensation.
“CMAs across all regions feel that their certification enhances their ability to move across areas of the business,” said Kip Krumwiede, CMA, CPA, Ph.D., director of research at IMA and author of the survey. “Certified professionals report substantially higher salaries and total compensation than their non-certified counterparts. This salary premium, along with the greater career opportunities available to CMAs, attests to the ongoing value of this program.”
Currently, there are more than 45,000 CMAs working worldwide.
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 finance professionals.
The report features tons of informative graphs and tables like the ones in this blog post.
Interested in learning more? Check out our webinar: How to Become a CMA Certified Management Accountant.