Here are 5 good reasons to go ahead.
1. Gold-Standard in Management Accounting
CMA is a much-respected designation in the corporate accounting world. CMA is an advanced professional certification specifically designed to measure the critical accounting and financial management skills.
2. Globally Accepted Management Accounting Certification
CMA is the most popular management accounting certification worldwide.
3. Better Salary
Let’s face it — we want to learn, but ultimately, we need the certification to get better-paid jobs. According to IMA, CMA holders earn 33% more than their non-certified peers.
4. CMA Skills are More Practical
80% of accountants end up in non-public accounting. The management accounting knowledge and skill is in fact more useful for these professionals. In fact, many dual CPA and CMA holders find the materials covered in CMA more interesting and practical in their daily work.
5. IMA Makes it Easy for Us
Unlike the CPA exam in which getting qualified is sometimes harder than passing the exam itself, IMA (the CMA exam administrator) make things clear, simple and organized for applicants. IMA openly welcomes international candidates with the exam offered in hundreds of locations worldwide. CMA candidates can focus on passing the exam, instead of getting stuck the bureaucracy and conflicting rules from different State Boards.
Sounds Great… But How Does This Benefit Me?
Let’s see if the CMA certification benefits YOUR career.
1. Can the CMA Certification Fetch You a Better Job?
Within the Finance department at J&J, the CMA is a highly regarded certification. The content of the CMA exam mirrors real-world applications used across the corporate finance and accounting functions.” – Ryan Perkins, CMA, senior financial analyst at Johnson & Johnson (Strategic Finance Magazine, April 2015)
The below mentioned fortune 500 companies are known to have CMAs in their key management roles:
- Bank of America
- Johnson & Johnson
- Procter & Gamble
- Saudi Aramco
You will notice that the majority are big, global corporations focused in manufacturing. If you have ever dreamt of working with any of the companies listed above then CMA is best for you
2. Are You Sure You Don’t Want to be an Auditor or Tax Accountant?
If you are rigid in your decision of building up a career in corporate accounting then CMA will enhance your profile and knowledge to a great extent in the field.
If you aspire to work in a public accounting firm, either as an auditor or in tax then CMA may not be good for you.
3. Is CMA Truly Valued in Where I Live?
The demand for CMAs is different in different regions across the US, and around the world.
Hope this has given you a further insight of how to benefit from CMA.
Join us if you want to get tips on how to plan, study and pass your CMA exam… on your first attempt!