You can also find a large catalog packed with a broad range of courses at Learning Center, which will help you continuing professional development and growth. The IMA offers all members the jobs.imanet.org platform where they can find and apply for jobs that are the best match for their skills.

Similar to all the other regions surveyed in previous years, the average base CMA salary decreased slightly. Perhaps the most glaring figure from these results is that despite having advanced education, the median total compensation in India was only $16,300. And they are not the only ones who feel that having your CMA opens more doors. In fact, 83% of salary survey respondents feel their certification helped create job opportunities and give them a leg ahead of the competition.

Global Salary Survey at a Glance

The Big 4 firms specifically request the CMA for certain upper-level positions, so the CMA is the path to a top-notch salary of certified management accountant role. This is because managerial accounting enables CMAs to understand clients from a business perspective.

• Those in senior management had the smallest difference between the median base salary of CMAs vs. non-CMAs (CMAs earn 13% more compared to non-CMAs).
• Students with an IMA membership may be able to find discounts on a CMA program or prep course costs.
• Overall salary and compensation in the U.S. have continued to increase.
• Asia experienced relatively little change in compensation in 2019 (a 5% decease).
• But one of the biggest contributors to the job satisfaction of CMAs is opportunities for advancement, which often come with pay increases.
• They provide the “why” behind the numbers, manage project proposals, and advise on the potential for future profits.

The Middle East/Africa/India region had the highest increase at 22%. However, Europe and Asia increased only slightly by 7% and 3%, respectively. In 2020, the overall percentage of survey respondents who held a CMA certificate in Europe increased to 65%. As the popularity of this professional certification grows, high salaries hold steady. On average, entry-level managers earn a base salary of $42,060, while middle management earns only $42,064. If you’re interested in furthering your career in finance and accounting then it’s completely understandable that you would want to know your earning potential, and whether it justifies the CMA exam cost.

Certified Management Accountant Job Titles

CMA Salary, like any other job, will be contingent on many factors. Education, experience, location, type of company, bonuses, and advancement opportunities can adjust CMA salary up and down. For healthcare providers to increase control over their finances with minimal time investment. Test-takers get their scores about six weeks after the end of the month in which they took the exam.

„Another advantage is that you can network with other professionals at your level and job opportunities,“ she says. Typically, CMAs around the globe not only make more money than non-CMAs but also more than CPAs. And, accountants holding both the CMA and the CPA earn the highest median total compensation. As you can see, most of the highest paying cities are in California. But keep in mind that the cost of living in this state is much higher than the national average, which could have a negative effect on your overall job satisfaction.

The Salary of CMAs in Management

In the most recent survey, CMAs located in KSA earned a median base salary that is 106% higher than their non-certified peers and a median total compensation that is 93% higher. There are several factors that may attribute to this gap, including ambition, discipline, and advanced degrees, but it is still encouraging. Just like all the other regions, China experiences a gender pay gap when it comes to certified management accountant salary. Results from the certified management accountant salary survey showed that the majority of respondents held middle management positions and had been working in the field for nearly a decade. For example, all but the Plains region experienced an increase in median base salary.

• On the other hand, CMA licenses are rarely required but can be a great option for people with an accounting background wanting to move up the ladder.
• Instead, I urge you to keep an open mind and if you live in this region, do your own local research before making a decision.
• In a previous survey, the total compensation for a CMA in Europe averaged out at $84,000 a year.
• Bureau of Labor Statistics, accountants and auditors overall have an average annual salary of $83,980 across all designations and industries.
• Hudson Financial data shows CPAs command a 5 percent premium in the accounting job market, Taylor says.

Cancelling allows test-takers to reschedule for a different date within the same testing window — this does not generate a refund or permit a test window change. Accepted forms of ID include a passport, U.S. passport card, driver’s license, military ID card, and credit card. Prospective enrollees must verify their education within seven years of taking the CMA exam. Professional members must pay $250 to enroll in the program and $415 for each part of the CMA exam. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Certified Management Accountant U.S. Salary

The 2 notable exceptions are Lakes, AL and Green River, WY— these two cities offer a high salary in a low cost-of-living area, so they’re great for maximizing your earning potential. The IMA 2019 Global Salary Survey showed that the average Certified Management Accountant base salary in the Americas was $102,500 (compared to $65,000 globally). 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).

Exam-takers pay fees for IMA membership, IMA’s CMA program, and the CMA exam. The exam fee is refundable within 30 days from the date of exam purchase, as long as the candidate did not set an appointment with https://personal-accounting.org/ Prometric. Candidates may cancel their Prometric exam appointment at least 72 hours before their scheduled test. Prometric charges a fee to those who cancel within 30 days of the scheduled appointment date.

This is about 50% more than the salary of non-CMA accountants in Asia, which was $20,000 base and $23,000 in total. Based on the responses to the survey, IMA saw that, among the different levels of management, CMAs often earned more than their non-certified peers. CMAs in lower management earn 90% more in median base salary compared to non-CMAs at the same level. Those in senior management had the smallest difference between the median base salary of CMAs vs. non-CMAs (CMAs earn 13% more compared to non-CMAs). Because more often than not, you see this weird occurrence where entry-level positions earn more than middle management. Just like many other regions, the median salary and median total compensation for an entry-level CMA are high.