Instead, the average number of hours per week survey respondents worked was 45.1. And in fact, this figure is slightly less than last year’s average of 45.5. A Certified Management Accountant (CMA) is a finance professional who has demonstrated expertise in financial management and strategic decision-making. CMAs typically work in corporate finance, management accounting, financial analysis, budgeting, and strategic planning roles. They may also hold positions in public accounting firms, consulting firms, government agencies, and nonprofit organizations. Average CMA and non-CMA salaries in the Americas are the highest of anywhere in the world.

The median base salary for CMAs in Asia was $28,710, and the median for non-CMAs was $20,000. Asia experienced relatively little change in compensation in 2019 (a 5% decease). This is especially true in the MEAI region, where the total compensation for women was actually 62% higher than men in the age group, while those ages made 59% less than men. Asia experienced relatively little change in compensation in 2020 (a 5% decrease). According to the IMA, the average base salary for a CMA in Europe in 2023 was $104,369. If you add in bonuses, overtime, and additional forms of compensation, Europeans can make a mean total salary of $124,024.

Historical CMA Salary

Private enterprises typically earn more than state-owned enterprises, regardless of your management level. In 2019, women of all ages in China earned 70% of the salary of their male counterparts. The smallest gap is in the year range, where women earned 77% of the mean salary. Women aged were a close second, earning 72% of the mean salary of their male peers.

Now that you know the best positions for a CMA certification salary, you should also consider the highest paying locations in the country. Several cities in a handful of states pay much higher than the average, despite high demand for CMAs all over the United States. You may want to consider looking for work in these areas if you live nearby.

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Among non-CMAs, median base salary was $80,000 in the Americas and $30,000 globally. The average base CMA salary in the Americas was ~28% greater than that of a non-CMA, and the average CMA salary, globally, was ~117% greater than that of a non-CMA. The IMA 2020 Global Salary Survey showed that the average CMA base salary in the Americas was $105,000 (compared to $60,000 globally). However, compared to the global average of $69,000 for average base salary and $83,000 for average total compensation, this is still quite a long way off. In this case, I would refer you to the global salary survey gender pay differences, but keep in mind that drawing quick conclusions based on limited respondents still may not be the best route. And if you live in this region, try to do your own local research before making a decision.

Career Options after B.Voc – Eligibility, Salary

Management accounting refers to the overall administration of an organization’s finances. Managerial accountants must gather and analyze data and create reports for decision-makers that help them make financially-sound choices for the company’s growth. If you’re an accountant, you know that the opportunities are endless for career specialization. As you start to narrow down your options to the path that’s best for you, it’s important to understand the details of the jobs you’re considering.

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In the U.S., professionals who are CMA (Certified Management Accountant) or CPA (Certified Public Accountant)-certified earn more than those who hold neither designation. According to PayScale, the average salary for a CMA is $65k a year (or $28 an hour). Entry level or early career CMAs can expect to make around $49k each year.

Explore the top 5 career options after ECE in 2025, including salaries, required skills… If you stay on track with your study schedule, you should do fine. The CMA certification provides a very large advantage in the job market. A career as a certified management accountant typically requires working in a single shift and fulfill the work responsibilities in accordance with the time allotted to them. However, if a project requires it, they might be obliged to work for long hours. A certified management accountant working for the government is required to travel quite often depending upon the project they’ve been assigned and the requirements they are required to fulfill.

Additionally, salary decreases seem to have affected Asia and the Middle East/Africa most severely. While the Middle East/Africa faced a salary decline for the second year in a row, Asia experienced the largest decrease of 27%. According to the Institute of Management Accountant’s (IMA) 2018 U.S. Salary Survey, CMAs make 47% more than professionals without the CMA or the CPA in the U.S. As you climb the corporate ladder, your increased certified management accountant salary responsibility will require strong analytical skills and the ability to lead multiple projects and teams. Here are quick answers to some frequently asked questions about earning the CMA credential.

If you’d like to learn more about the CMA salary in India or the Middle East, you’ll find that information in those specific articles. On the other hand, the Americas and Europe saw more favorable salary trends. Furthermore, salaries in America held steady from this year to last, while salaries in Europe increased.

There are several sub-disciplines of a career as certified management accountant. One can opt such careers as an alternative choice to career as certified management accountant. We have mentioned below major sub-disciplines of a career as certified management accountant. The IMA salary survey’s mixed group of certification-holding respondents demonstrated these facts. Typically, CMAs around the globe not only make more money than non-CMAs but also more than CPAs.

• Salary surveys, professional networking, career development resources from organizations like IMA, and guidance from mentors or career coaches can aid in negotiating competitive salary packages.
• Gaining the management accounting certification opens a lot of work opportunities in the domestic as well as the global market.
• The table below highlights the salary in KSA based on management level, age, education, and experience.
• Average salaries fell for everyone in the Middle East and Africa during this year.
• As you can see, this is a certification that can give you a lot of room for growth.

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However,  complete travel expenses are reimbursed by the government to the accountants traveling to different work locations. If this information has convinced you the CMA certification is what you want, you can take the next step by learning how to become a CMA. You can also learn how to pass the CMA exam on your first attempt from my free e-course. But one of the biggest contributors to the job satisfaction of CMAs is opportunities for advancement, which often come with pay increases. Additionally, the increased number of CMAs among respondents could indicate that accountants are seeing how financially advantageous having the CMA can be.

Gaining exposure to some of the complex tasks within the job function. To be a Certified Management Accountant typically requires 2 -4 years of related experience. The Certified Management Accountant (CMA) certification is widely regarded as the gold standard professional credential in management accounting.

• In 2023, the majority of respondents came from the U.S. (31%) and China (29%).
• Overall salary and compensation in the U.S. have continued to increase.
• To learn more about combining a CMA and CPA certification, visit our accounting certifications resource page.

CMAs typically earn competitive salaries compared to other accounting certifications like CPA, often ranging higher due to their focus on management accounting. A Certified Management Accountant leverages their accounting and financial management skills to make informed business decisions. They work closely with executive teams and strategically influence an organization’s financial outlook. From starting as a financial analyst to becoming a chief financial officer (CFO), the career possibilities across accounting and finance are endless for CMAs. As you can see, this is a certification that can give you a lot of room for growth.