The Best Career Opportunities After US CMA Certification

Professionals with Certified Management Accountants (CMAs) are recognized worldwide. They often get a chance to work as financial analysts, risk managers, and cost accountants because of their proficiency in corporate finance and management accounting. With experience, their ability to solve problems frequently results in high-level positions such as chief operating officer or financial officer. The growth potential of US CMA certification is huge. 

The U.S. Bureau of Labor Statistics (BLS) estimated a 7% growth rate for the accounting profession between 2020 and 2030. With a growing need for managerial professionals, a CMA certificate is highly desired by prospective employers.

 The Best Career Opportunities After US CMA Certification
  • Financial Analyst

A financial analyst is highly focused on forecasting and analysis. To support a business in making wise capital expenditures, they closely examine microeconomic variables and market trends. The average salary of a financial analyst is $83,660. 

In addition, this position might counsel executives on matters of concern, including stock splits and corporate bond issuance. Future financial analysts can make financial suggestions based on their collected data by earning the CMA certification.

  • Financial Risk Manager

To identify possible risks to an organization’s financial success, a financial risk manager examines data, financial markets, and global events. They must provide tactics to mitigate potential hazards through preparation and problem-solving. The average salary of a financial risk manager is $102,325. 

Their major areas of expertise, including risk management, investing choices, decision analysis, and more, are covered in the second CMA exam.

  • Management Accountant

With an average salary of $60,968, a management accountant is a CMA whose primary responsibility is to provide financial data to help a company’s leadership team make decisions.

A management accountant needs to be an accounting specialist, but they also need to be skilled at presenting the information in a way that makes sense and considers management’s concerns. Financial data analysis, budget planning, risk management, and strategy planning are the primary CMA competencies used in the managerial accounting industry.

  • Cost Accountant

Cost accountants are responsible for reducing financial waste and increasing profit. They examine a company’s manufacturing expenses. On average, they earn $57,382 annually. Since cost accounting is a subset of management accounting, having a CMA certification will make you a more appealing prospect for employment.

  • Senior Accountant

Senior accountants apply accounting concepts and company procedures to lead reporting costs, margins, expenditures, and productivity for firms and organizations. In contrast to junior accountants, senior roles involve fewer administrative responsibilities, such as data collection, journal entry updating, and population balance. On average, a senior accountant earns $69,372 every year. 

  • Corporate Controller

A corporate controller is a senior leadership post that often controls a company’s financial and accounting responsibilities. With an average annual salary of $101,370, the controller oversees employees who are in charge of all accounting and financial reporting tasks, such as creating internal and external financial statements and fulfilling regulatory reporting obligations. Implementing internal control systems, assessing the efficacy of accounting systems, and keeping an eye on company performance measures are among the other responsibilities of controllers, which vary depending on the candidate’s years of experience.

  • Chief Financial Officer (CFO)

 As important members of the senior leadership team, CFOs are in charge of the company’s capital requirements, financial reporting, investments, financial forecasts, and final decision-making on significant business matters. Their average annual income is around $137,121.

It’s generally a position just beneath or to the right of the CEO of a business. A CMA or MBA is required to advance to high-level managerial roles in the accounting industry. Often, controllers report directly to CFOs. The US CMA is an excellent method to develop your profession. It delivers substantial talents and abilities to aspiring applicants. After obtaining your CMA, you’ll have a wide range of employment options.

Top Companies Hiring US CMAs

Some of the most prestigious accounting companies in Pakistan and other nations use US CMAs. The Big 4 (KPMG, Deloitte, PwC, and EY) as well as smaller businesses including Morgan Stanley, BDO, J.P. Morgan, and Grant Thornton fall under this category. 

In addition to its affiliations with Accenture, L&T, and Apple, IMA, the official accounting body that grants the US CMA qualification, also has collaborations with other businesses that expand the employment pool for US CMAs. These businesses, therefore, have a strong desire to hire US CMAs. US CMAs are also being hired by Amazon and Capgemini for management accounting job profiles. 

Career Scope After US CMA Certification 

The great opportunity for personal and professional progress that comes with working in the field of management accounting is one of the key benefits. If you work for a reputable organization long enough, you can receive regular appraisals and promotions based on your abilities and talents, even if you start at a starting position following US CMA. As a US CMA, you may also have the opportunity to grow to the position of Chief Financial Officer (CFO) if you work hard enough! 

Overall, the USA CMA is a widely accepted certification in the world of finance and investments, and the Chartered Financial Analyst credential is widely accepted. If you just received your diploma or are taking your final exam, you can become a CFA. To learn more about the US CMA certification, check out our CFA course. 

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