Certified Management Accountant (CMA) certification is a professional designation in management accounting that conveys a person’s expertise in strategic business management and financial accounting. The certification is awarded by the Institute of Management Accountants, US. CMA is a natural choice for those looking to make a career in corporate finance, handle the finance and management side of a company and help in the decision-making process for its leaders.
As the highest management accounting credential, CMAs are sought after as their scope spans across various levels in an organisation. Being in demand, CMAs are in an advantageous position as regards the salaries they can command.
As per the IMA’s 2019 Global Salary Survey, CMA degree holders globally earn 57% more in median salary and 55% more in median total compensation than non-CMAs. Certified young accountants in their 20s earn 70% more in total compensation than the non-certified, while CMA certified professionals in their 30s earn 67% more than their non-certified peers.
The demand for CMAs in India is increasing day by day with the arrival of MNCs and entry of offshore establishments. Given this, if the candidate has good academic knowledge, the salary of a CMA fresher in India can range from Rs. 4-Rs.6 lakhs per annum.
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