Chartered management accountants earn up to ten times national average pay

Graduates who become chartered management accountants can look forward to a future career in which their skills attract salaries that are well above average, wherever in the world they work.

A recent salary survey carried out by CIMA (the Chartered Institute of Management Accountants) found that members earned significantly more than the national average in every nation included in the research. In developed countries their pay was usually between two and three times the national average. In developing economies such as Malaysia and Sri Lanka, chartered management accountants earned as much as six or even ten times the national average.

Chartered management accountants were mostly happy with their renumeration; 68% were satisfied with their salaries and 79% were content with their benefits, which included access to a pension scheme for 78%, and bonuses for 68%. Just 8% were worried about possible redundancy during the coming year.

CIMA’s 2010 salary survey also revealed the impact of the recession on finance professionals. The average working week for CIMA members across the globe had increased to 45 hours, with those in South East Asian economies (48-50 hours) and the USA (50 hours) working the longest. Understaffing and lack of resource was cited by 61% as a key reason for the increase in working hours, up 12% from 2009.

• Professional bodies: helping your career in accountancy and financial management
• Careers advice for graduates who want accountancy and financial management jobs

Posted by Alison_TARGETjobs on 21 September 2010

Comments on ‘Chartered management accountants earn up to ten times national average pay’