Thinking US CMA may be the right choice for upgrading your international accounting management career – you’re right! The credential is something unique as it gives you the global expertise to convert data into meaningful financial information to help CFOs and finance leaders make strategic business decisions for high performance and direct growth of the company. CMA is endorsed by the world’s leading IMA and people across 140 countries have IMA-endorsed certification. If that’s the trust created by IMA, then you shouldn’t give a second thought to pursuing your CMA career. Since CMA career scope may vary, we have listed down 5 major top-paying roles to switch after cracking your CMA exams.
Becoming a finance analyst is the starting position for a US CMA. In a world of fierce business competition, productivity is a major challenge for CFOs and finance leaders, but a finance analyst with sound analytical skills in financial statements is powered by a CMA certification. Taking up CMA classes can actually boost your confidence from building financial reports to recommending policies to support decision-making. The average median salary that a financial analyst earns is up to $ 65800 LPA.
Accountants work but to supervise them you need a controller to ensure that the C-suite leaders are well informed about through financial reports and strategies created around the business products and services. CMA designation opens you an opportunity to work with CFOs and other C-suite leaders to support them in projecting operational performance, decision making, and business output. The average median salary a controller earns is up to $ 105851 LPA.
The pulse of every business is cost, and if it is inefficiently managed it can lead to loss and change the economics of business activities. But all this can flip back if company leaders hire a cost accountant with a CMA designation that validates his expertise in breakout cost, resources optimization, spending analysis, and strategic communication. The average median salary of a cost accountant is up to $62207 LPA.
Chief Finance Officer
Businesses need a steward to protect their assets, an operator to conduct financial planning and analysis, a strategist to align business goals with financial strategies, and a catalyst to stimulate and execute change in finance functions for process improvement in cost reduction, procurement, and pricing. The edge to hone this expertise is possible in an exclusive CMA certification over a limited time. The average median salary of a CFO is over $146060 LPA.
Financial Risk Manager
Risk is inevitable to business and it comes in diverse forms. Predictability and analytical skills are someone of the powerful tools that US CMA qualification gears for accounting/finance professionals to avert businesses from unforeseen risks. Risk strategy is integral to organizational strategy and people with a risk appetite have a wide scope in a digital and complex business environment. The average median salary for a risk manager is $ 99949 LPA.
Having read through the prospects of earning a US CMA, we think you can give your career a new edge.