CMA Salary Guide 2024| Top 10 Jobs in the USA
US CMA certifications unlock diverse opportunities across industries such as banking, finance, manufacturing, healthcare, insurance, and pharmaceuticals. Globally recognized, it stands as one of the most widely accepted accounting qualifications.The Certified Management Accountant (US CMA) certification, administered by the Institute of Management Accountants (IMA) in the US, establishes global standards in Financial and Management Accounting. Holders gain a competitive edge, opening doors to careers in finance, consulting, banking, and management accounting.
Benefits of US CMA Certification:
- Global Work Flexibility: Recognized worldwide, allowing professionals to work anywhere.
- Skill Enrichment: Builds knowledge and skills sought by top organizations, enhancing employability.
- Value Addition: Elevates an individual's value within a company, accelerating career progression.
- Financial Growth: US CMA-certified individuals earn approximately 67% more than those with a Bachelor’s Degree.
- Diverse Career Paths: Opens doors to various roles, facilitating quick advancement from entry-level to managerial positions.
Sectors Where CMAs Can Work:
- Accounting & Taxation
- Finance & Banking
- Management Consulting
- Cost Accounting
- Corporate Planning & Strategy
- M&A Advisory Services
Top 10 CMA Jobs in the US:
- Financial Manager
- Financial Controller
- Chief Financial Officer (CFO)
- Finance Director
- Accounts Manager
- Cost Accountant
- Budget Analyst
- Financial Analyst
- Assistant Financial Controller
- Strategic Planning Manager
Purpose of US CMA Designation:
US CMA professionals simplify financial management for global organizations. They excel in financial and strategic business management across diverse sectors, including manufacturing, finance, government, private businesses, insurance, consulting, and non-profit organizations. The US CMA designation serves as a mark of expertise and proficiency in the field.
CMAs Average Base Salary in the USA in 2024:
The average salary of a Certified Management Accountant (CMA) in the USA in 2024 varies depending on several factors, but here's an overview
Nationally: The median base salary for CMAs in the US is around $72,000.
Location: Salaries can vary considerably by location, with higher pay offered in metropolitan areas like New York, San Francisco, and Los Angeles.
Industry: Certain industries tend to offer higher salaries for CMAs, such as technology, finance, and pharmaceuticals.
As per IMA, Globally CMAs earn 21% more than those without certification (and in some regions, they earn up to 43% more).
Management Accountant Salary Key Insights:
- 19% higher median salary for CMAs aged 27-42 vs. noncertified peers.
- 21% higher median annual compensation for CMAs vs. noncertified peers.
- 83% of CMAs surveyed agree that certification boosted their professional confidence.
Read more about CMA Jobs Scope in the US in 2024
