CMA salary — a comprehensive take based on the IMA 2019 salary survey

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The Certified Management Accountant (CMA) is one of the most preferred qualifications in management accounting awarded by the Institute of Management Accountants (IMA), USA. The US CMA course is a globally recognized, advanced-level qualification for financial professionals and accountants in business.

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. Their level of business acumen is obviously beyond the skillset of non-certified accountants. This makes CMAs suited to management positions in almost any company, able to provide significant value to everything from not-for-profit businesses to major Fortune 500 companies.

CMAs are sought after as their scope spans across various levels in an organization. The career options available to a holder of US CMA certification in India are:

Chief Financial Officer (CFO)
Vice President (Finance)
Treasurer
Financial Analyst
Finance Manager
Financial Risk Management
Financial Controller
Financial Planner
Cost Accountant
Business Analyst
Internal Auditor

Being in demand, CMAs are in an advantageous position as regards the salaries they can command.

As per the 2019 Global Salary Survey by IMA, the average base CMA salary, globally, is 117% greater than that of a non-CMA

The demand for CMAs in India is increasing by the day with the arrival of MNCs and entry of offshore establishments. The salary of a CMA fresher in India ranges from Rs.4-Rs.6 lakhs per annum, while a senior-level CMA can earn up to INR 30 lakhs to INR 50 lakhs per annum. Some companies also offer bonus, profit sharing or commission.

We at Miles Education are the Platinum Course Provider of IMA for CMA training in India. Check out the success stories of our CMA alumni and their experience with us has about our courses, approach to study, exam prep and the roadmap to success. To get more information about our courses, please visit https://mileseducation.com/cma or call us on +91–9121005352 to speak with our experts.