CMA Salary: How Much Certified Management Accountants earn?

    I accept the terms and conditions & privacy policy.

      I accept the terms and conditions & privacy policy.

      CMA Salary: How Much Do Certified Management Accountants Make?

      US CMA or Certified Management Accounting is a trending course that helps you gain exciting opportunities in the field of management accountancy. After the pandemic, several companies realised the importance of having a Management Accountant who can predict market trends, analyse budgets and expenditures, and track the company’s financial performance. A CMA is not only supposed to be a strategic thinker but also a strategic planner who manages the financial data of the company and guides the company on the basis of it. This kind of skill set is highly demanded by several corporations and innovative startups today. And they are willing to pay a handsome salary for it.

      There are two different types of CMA courses available, one that’s relevant to India and one that’s accepted globally. The Cost & Management Accounting course is an India specific course while the Certified Management Accounting course is a US-based course that’s accepted globally.

      Wondering how much US CMAs earn across countries? Here’s a glimpse into US CMA salaries in Dubai, Canada and the US. 

      US CMA salary based on experience

       The experience of a US CMA professional affects their salary to a great extent. The salary of a US CMA fresher in India starts from 3.5 lpa to 4 lpa. However, once they start to gain experience, they can easily earn up to 10 lpa. Similarly, in other countries like the US, Dubai and Canada also, the experience and skill level of a Certified Management Accountant makes a huge difference to the salary. Here’s how.

      The Salary of a US CMA in Canada (experience-based)

      Source

      Salary of a US CMA in Dubai (experience-based)

      Source

      Salary of a US CMA in the US (experience-based)

      Location: The country you choose to work in also plays an important role in terms of the salary you make. Certain countries are quite economically advanced as compared to others and that’s why the salary of a CMA also varies from country to country. However, before you make your decision, consider the living costs of each country by visiting Numbeo.

      Country Salary
      USA $105,000
      Canada $69,000
      UAE $36,000
      India $15,000
      Philippines  $11,000

      Job profiles: There are various professions you can consider after completing your US CMA course. Even though US CMA is a professional course, it enables you to gain a skill set in financial management. While financial management is a broader domain, there are many subdomains in this field that can help you gain higher salary packages. Let’s look at a few of them.

      US CMA salary in Canada (profile-based)

      Source

      US CMA salary in Dubai (profile-based)

      Source

      US CMA salary in the US (profile-based)

      Source

      Also Read : US CMA vs CMA India: Which is better?

      Industry: Choosing the right industry to work in is extremely essential if you want to achieve a higher salary package. Since the booming industries in each country change as per situations and consumer behaviour. It is important to select the right industry, for continuous growth and income hikes. After the pandemic, there are certain industries that are still booming across the world. Some of them are:

      • Healthcare
      • Technology
      • Food
      • eCommerce
      • Beauty
      • Telecom 
      • Banking & Finance

      CMA is an in-demand profession that requires quick-thinking and decision-making skills. While the CMA course can prepare you for the exams, a good coaching institute can help you gain the skills you need. Zell Education is one of the best coaching classes for CMA. Certified Management Accountant (CMA) is a credential awarded by the Institute for Management Accountants, USA. This global certification is open to all students who have completed their 10+2 or the high school equivalent. If you are interested in pursuing a career in accounting, check out our Certified Management Accountant (CMA) course.

      FAQ

      Which country pays the highest salary to US CMAs?
      As per the data available, US CMAs get paid the most in the UK followed by USA and Canada.

      In how many countries is the US CMA course accepted?
      The US CMA course is recognised in India, China, UK, Canada, Middle East countries

      Which country offers the highest opportunities to US CMA?
      UAE offers the highest number of opportunities to US CMAs since it consists of several international companies that require financial managers to guide them in the right direction.

       

      Satyamedh Nandedkar, a seasoned finance professional, holds ACCA, CA, US CMA & CS credentials. With 10+ years of experience, he’s a master ACCA tutor, IFRS trainer, adept in global financial standards, and a trusted advisor in navigating complex financial landscapes.

      Talk To A Career Expert

      I hope you enjoy reading this blog post.