Certification Paid off for Management Accountants

The Institute of Management Accountants Thursday released its salary survey shows that accountants worldwide who are certified by the accounting program received a certificate management more base salary and total remuneration without accounting certification.

In the US, the CMA earn 31 percent more average total compensation unlicensed professionals ($ 127,200 against $ 97,000). The median total annual compensation for all respondents in the US It is $ 120,000, up 6.2 percent compared with last year's figure ($ 113,000).

While the CMA in all age categories earn more than their non-certified counterparts worldwide, CMA professionals in the 30-39 age group outearn its components not certified by 40 to 50 hundred enormous. People 50 years and older with CMA receive more than $ 23,000 more in median total income than non-CMA ($ 138,413 against $ 115,000).

The data come from more than 2,500 respondents in 81 countries. financial professionals worldwide, CMA-certified in America, Asia, Europe, the Middle East and Africa earn 61 percent more than their non-CMA. This finding indicates that the value of employers worldwide in the skills possessed by the CMA that traditional accounting and financial roles continue to evolve.

In addition to a survey of highest total compensation this year shows a positive outlook for increases in the accounting profession. As the salary survey 2014, more than three quarters of respondents expect to receive an increase this year, with an average expected increase of 8 percent.

However, wages and total compensation vary considerably depending on the area of ​​responsibility. Internationally, those working in education, information systems, accounting and public accounting firms will demand higher wages. Public accounting is still the lowest paid sector worldwide.

For the first time in the history of the annual survey, the number of Chinese respondents (28.6 percent) exceeded the number of US respondents (26.3 percent), reflecting the focus on management accounting and the CMA in china. Asia also experienced the largest increase in the powers of the CMA and increased surveyed. While aggregate wages are lower than last year overall, the decrease is due largely to lower wages in regions like the Middle East and North Africa.

"CMA in all regions believe that certification improves their ability to move into the business areas", research director Kip IMA Krumwiede, who wrote the research. "The certified professionals say significantly higher wages and overall than their non-certified compensation.

This wage premium and career opportunities more available to CMA includes the present value of this program."

IMA CMA certification has been competing in recent years against the designation of Certified Management Accountant world offered by the American Institute of Certified Public Accountants and the Chartered Institute based in UK of Management Accountants.

Organizations have begun to offer the appointment in 2012 to members who were already accounting management on the basis of acquired rights, and last year a testing program began. However, the IMA maintains that his opinion is more rigorous.

"It's a different philosophy," said President and CEO Jeff Thomson IMA. "From this last May or June here in the US, if you are a US CPA, besides writing a check that you really have to pass an exam in one piece. It is a study case I think three hours is sent several weeks or months in advance.

We have a different philosophy in testing, in terms of multiple choice and a base case and an objective basis. we have not seen the results of this APC first window taking CGMA . we do not have strong opinions either way, except that we know that our metaphor test provides accounting of credible and competent management throughout the world, and I'll leave another if a single case study is the best way to test skills objectivity " .