Are you a finance professional looking forward to accelerate your career with a global qualification? If yes, start thinking about US CMA course. The latest Global Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a US CMA/CMA professional is above 58% higher than non-CMAs. The study was based on a sample population of 3,085 respondents from 79 countries across the globe. It was found that the difference in total compensation between CMAs and non-CMAs worldwide is nearly US$29,000; a strong reason why a US CMA course is a career changing qualification.
Figure 1: Median salary & Total compensation by region, CMA VS. Non-CMA
source: IMA 2021 global salary survey
CMA least affected by COVID-19
The survey results on the impact of COVID-19 showed that US CMA /CMAs were less impacted in their jobs than compared to non-CMAs. Further, only 9% of CMA professional is likely to change a job than a non-CMA, which stands at 21%.
CMA Certification
It was clear from the survey results that a professional with CMA certification offer several benefits beyond higher salary and compensation. Holding a qualification like US CMA course sends a positive signal to the recruiters and employers that the person has strong skill sets to help the growth of company. Some of the key results of survey are –
1. 79% of people said that CMA certification including US CMA course helped in career advancement
2. Among the US CMA/CMA holders, higher percentage of them are directors (73%), CFOs (72%), and finance managers (66%)
3. 93% of all CMAs opinioned that they would recommend about the CMA course to a friend
“We have always known the CMA certification has a positive impact on compensation and job security. This year is especially encouraging as CMA holders have been generally better off in maintaining both their jobs and compensation levels during the pandemic than those without the CMA”. said by Kip Krumwiede, Ph.D., CMA, CSCA, CPA, Director of research at IMA.
Uplift Pro is one the best US CMA course provider in India, Africa and Middle East
Figure 2: Benefits of CMA certification (in percentages)
Source: IMA 2021 Global Salary Survey
Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro
Uplift Pro is one of the top training institutes for the US CPA, US CMA course, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way.
Some of our exclusive features include –
1. Discount of INR 52,000 in Uplift-IMA fees in April 2021
2. Live online classes ensuring that the regular office working hours is least impacted
3. 1:1 personal support from our 30 plus years of experienced US CMA certified faculties
4. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass
Request for Live Demo class / contact at +91-8787088850 to book your seats now.
The US CMA is a globally recognized professional certification in the domain of management accounting and financial management. This 2-part exam-based certification provided by IMA implies that the person having this credential should have the required knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics etc.
This is a unique and significant option for finance graduates, a great value addition to their resume to grab the corporate ladder and climb towards the career growth both regionally and in the global scenario. One can acquire the US CMA credential through self-studies but it is advisable to write the exam through an appropriate training institute supported by authentic and IMA approved course materials.
US CMA are important assets in all types of organizations. They analyze operating results, review performance, audit operations, and resolve issues that enhance the strategic objectives of the organization.
CMAs appreciate the business approach for managing customer value, formulating strategies, and valuing equity. CMAs are value creators, not just merely accountants who adhere to compliance to the profession.
USCMAs are equipped with skills to work in the following fields:
– Financial Planning and Budgeting
– Financial Consulting
– Performance Management
– Cost Management
– Enterprise Risk Management, Internal Control and Corporate Governance
– Internal Audit
– Financial Statement Analysis
– Corporate Finance
– Capital Market: Debt, Equity and Derivatives
– Investment Banking, Merger and Acquisition
– International Finance
– Making Short Term business decisions
– Long term decision making, project appraisal
– Business Ethics
Lastly, in any mid-level or big sizes organization Qualified Management Accountants are most demanded. They are required to run the company’s performance on a day-to-day basis. If CFA and CPAs have good job opportunities, then CMAs have the best. Not all organizations require qualified CFA but they do require qualified CMAs.
Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro
Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center.
Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.
B. Live online classes ensuring that the regular office working hours is least impacted
C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties
D. Affordable US CMA course fees with special discount in your IMA fees.
E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass
F. Comprehensive coverage of US CMA course details including authorizedGLEIM CMA study materials , class mock session, IMA registration and job assistance.
Request for Live Demo class / contact at +91-8787088850 to book your seats now.
September 8, 2020 | Bhaswati Bhattacharya | US CMA, USA CMA
US CMA course is recognized to be the Gold Standard in Management Accounting. It happens to be one of the top tier certifications in management accounting which can offer immense career opportunities to you. It is regarded as an advanced professional certification by which you can brush the financial and critical accounting management skills.
Thus, you can earn eligibility for holding job positions in different distinctions. You need to make intensive preparations for clearing the examination. You can earn attractive packages by choosing this US CMA course certification degree owing to which people love to opt for this certification course, over other accounting certifications. If you are looking for an ideal option for landing on your dream job, you should opt for this certification course on a wide scale.
US CMA salary in Fortune Companies
Top tier fortune companies such as Alcoa, 3M, Bank of America, AT&T, Cargill, Boeing, ConAgra, Johnson & Johnson, Hewlett Packard, Caterpillar, Microsoft, Xerox, Verizon, Saudi Aramco, Whirlpool, KeyCorp, Procter & Gamble provide different job opportunities to candidates, who passed the CMA examination with flying colors.
Pricing analysts, business analysts, Finance Manager, Senior Executive, Internal Auditor, and Financial Analyst can earn a salary of up to nine lakhs every year. You can find a rise in your salary as you are promoted to senior positions such as Senior Financial Modeling, Senior Financial Budgeting, Accounts Payable, Senior Financial Management, to name a few.
The earning power of the US CMA is consistent across regions, with the median salary and total compensation higher for US CMAs vs. non-CMAs for every region. In the Americas region, US CMAs earn a median salary and total compensation that is 31% and 32%, respectively, higher than non-CMAs. This is also consistent with prior years. In the Asia and Europe regions, US CMAs earn a median salary that is 29% and 32% higher, respectively, compared to non-CMAs. More specifically, the following job titles were more likely to be filled by US CMAs than non-CMAs: CFO (67%), controller (59%), director of financial planning and analysis (63%), and senior financial analyst (66%).
US CMA salary for the cost accountants
If you are a cost accountant, you are capable of earning the average salary of around 4.13 lakhs every year. The majority of people are eligible to move to different other job profiles once they earn an experience of more than ten years. Thus, in the SAP FICO or SAP SAP Financial Accounting field, you can earn higher pay.
US CMA salary for the financial Analysts
If you join as a Cost or Financial Analyst and you have passed the CMA examination, you are eligible to get an average salary of Rs. 6 to 8 lakhs every year as a fresher within India. Some of the departments in which you can earn amazing packages include Financial Modelling, Risk Control, SAP SAP Financial Accounting and Controlling, Valuation.
As you move to senior positions in these sectors and earn domain experience, your pay scale, as a US CMA professional, increases manifold and you can earn around 50 lakhs per annum. In Middle east countries, European countries or in the US, a CMA professional earns twice or thrice as much as their peers in India. The US CMA course is a worthy investment that not only increases earnings but provides opportunities for advancement.
US CMA Salary for CFO or Chief Financial Officer
CFO or Chief Financial officers are eligible for earning a package of around 29 lakhs every year. You can earn higher and attractive packages as you earn more experience in the relevant field. CFOs, working in Fundraising, Strategic Planning, Business Strategy, Financial Analysis, and Budget Management, are eligible for earning an average salary, in the range of 9.7 lakhs to 72 lakhs every year.
The average US CMA salary, you can earn in India depends on several parameters such as marks obtained, attempts for clearing the examination, the articulation skills, the internship, and the interview. If you do your internship from a reputed and top tier organization, you are going to earn more opportunities in the market.
You can also earn a better and attractive package if you have additional degrees such as CFA, cima. If the majority of the factors work in your favor, you are sure to earn an annual salary of 8-9 lakhs every year. If you are an AIR holder, you can get a package, up to 12-15 lakhs, even when you are a fresher. On the other hand, you will find a rise of almost 30-35%, after gaining a good amount of experience in the relevant field.
You are sure to get high-status jobs after earning more salary in the industry. If you are a qualified US CMA, you can get a package of around Rs. 3-4 lakhs every month as well. It, however, depends on the total count of clients; you are handling and how perfectly you have been handling the projects. You will earn more, as you have a higher number of clients.
Average US CMA Salary in different sectors
Startups and private companies provide a lower package, in comparison to the consulting companies. In these companies, you need to earn an average salary of almost 5 lakhs in India. Well funded startups can offer a package of Rs. 4-7 lakhs per annum. On the other hand, public sector banks can earn a salary of Rs. 6-12 lakhs every year. In the Foreign Investment banks, and Elite MNC’s, you can earn an attractive and lucrative package of around 6-8 lakhs every year.
US CMA professionals, working in Indian Investment Banks, can get a salary of Rs. 7 lakhs per annum. Top Tier consulting firms can provide a salary of up to Rs. fifteen lakhs to AIR CMA holders. They also offer 16 lakhs per annum package as the candidate can clear the US CMA examination on their very first attempt.
The trend of US CMA salary depends on the industry. For instance, in the banking sector, the average CMA salary is Rs. 5.3 lakhs every year. On the other hand, in the IT industry, the average CMA US salary is ten lakhs whereas, in the manufacturing and distribution sector, the average salary is Rs. 7 lakhs. If you can manage a job in the telecommunication industry and can clear the CMA examination at the same time, you will get a salary of up to 13 lakhs. CMA professionals working in Business Process Outsourcing or BPO sector can get a package of up to 5 lakhs.
Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro
Uplift Pro is one of the top training institutes for the US CMA, US CPA US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way.
US CMA course student speak
Some of the exclusive features include.
A. Authorized partner of IMA and Gleim in India – Silver Approved US CMA Course Provider by IMA
B. High pass rate of 85 %
C. Live online classes ensuring that the regular office working hours is least impacted
D. 1:1 personal support from our 30 plus years of experienced CMA and CPA certified faculties
E. Affordable course fees
F. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass
