management accountant certifications
TRANSCRIPT
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There are so many management accounting certifications out there that it can get a bit confusing.
In order to help clear the air, I’m going to break down four of the leading management accountant certifications across the globe.
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4There are
main certifications:
IMA - United States CPA - Canada CIMA - United Kingdom ICMA - Australia
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Institute of Management Accountants
— United States of America
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IMA oversee the CMA in the USA and they currently have over 70,000 members
k+
You must pass a 2-part exam AND acquire 2 years of relevant work experience in
order to earn your designation
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Average Salary?
Annual salary has been continuously rising since 2012 and is now
$115,952 USD
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Originally the CMA Canada until they merged with 2 other associations in 2013
Now there are
125,000 members
+ 20,000
candidates & students
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Want to work globally?
Unfortunately, the qualifications and requirements been designed to benefit only those who reside in Canada
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Average Salary?
CMA’s in Canada can earn anywhere between
$45,343 - $133,709CAD annually
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Chartered Institute of Management Accountants
— United Kingdom
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With over 218,000 members and students from 177 countries, it is the largest management
accounting association across the globe
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Criteria for becoming a member:
✓ Pass 15 qualifying exams ✓ 3 Years relevant work experience ✓ Endorsement from your supervisor
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Average Salary?
Those who are CIMA qualified earn more than twice the national average and taking home £61,816
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Institute of Certified Management Accountants
— Australia
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Established in 1996 they have accumulated 2500 members
It’s not formally linked with any other professional bodies, but they offer exemptions to the Australian exams if you obtained your CA or CPA in another country
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Depending on where you intend on practicing, your two best designation
options are the CIMA or IMA
CIMA - recognized across the globe - connections with other designations
IMA - has stronghold in US, Asia &
Middle East - only 2 qualifying exams vs. 15
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How much can you make?
Below is a breakdown of the average annual salary of a CMA based in each country:
United States - $115,952 USD and growing Canada - $81,052 CAD United Kingdom - £53,309 Australia - $87,839 AUD
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Fun Fact:
USA IMA is the only option offering a
6 FIGURE SALARY
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Do you want to earn a
6-figure salary as a CMA too?
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Let me help you pass on the very first try. Visit:
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