Certified Management Accountant certification from the Institute of Management Accountants is a professional credential in the fields of advanced financial management and management accounting. It denotes that the individual has knowledge in areas including financial analysis, financial planning, financial control, professional ethics and decision support, the high- in- demand skills for finance professionals around the world. Here are 5 reasons why those in financial management and management accounting should pursue this course.
The CMA is a highly esteemed designation in the world of corporate accounting. For, it signifies that the individual has critical accounting and financial management skills, which is important for finding success in a business.
Credibly the Most Global Management Accounting Certification
The CMA certification is the most popular management accounting certification worldwide. Majority of the CMAs are situated in UK, some in Europe and commonwealth countries. Though the number of CMAs in the US is less, the certification is renowned in the US and other fastest developing areas like the Middle East and China. Almost half of the fresh CMAs are from the Middle East (Egypt, UAE, Jordan and Saudi Arabia), and about 1/4th from India and China (the Asia Pacific region).
CMAs Are Well Paid
The CMA certification helps candidates to land in better-paid jobs. A comprehensive study by the IMA says that CMAs earn 1/3 more salaries than their non-certified colleagues. Top companies including the 3M, Bank of America, Caterpillar, AT&T, Boeing, Verizon, ConAgra, Hewlett-Packard, Alcoa, Cargill, Johnson & Johnson, Procter & Gamble, Saudi Aramco, KeyCorp, Whirlpool, Microsoft, and Xerox have CMAs in their key management roles:
CMA Skills are More Practical
Several industry journals have shown that 80% of accountants opted for non-public accounting. These professionals find the management accounting skill and knowledge more useful, practical and interesting in their day-to-day work.
IMA makes it Easy
IMA, the administrator of the CMA exam, makes things simple, organized and clear for applicants. By offering its exam in hundreds of locations worldwide, it openly welcomes international candidates. This doesn’t mean that earning the degree is simply easy, but this signifies that the entire process is made as smooth as possible by the IMA. This helps the candidates to concentrate on passing the exam and fulfilling the experience, rather than getting stuck with the conflicting rules and bureaucracy from various State Boards.
These lucrative career benefits offered by the CMA certification make it a great course option for candidates in the field of advanced financial management and management accounting. We encourage such individuals to take up the CMA certification course from the Blue Ocean Academy.