Earning Potential

The CMA is the credential that can deliver a tangible return on investment.

According to the salary survey conducted by IMA, CMAs earn on average $115,763 while non-certified professionals earn on average $92,639. Individuals in the accounting and finance profession with no undergraduate degrees earn on average $48,859.

The following list will give you a good idea of what CMAs in various positions earn on average. Figures are presented in thousands:

Top Level ManagementSenior ManagementMiddle Management
Executive Vice President $226Vice President $153Director $133
Partner $178Divisional Vice President $141General Manager $126
Corporate Treasurer $163Corporate Controller $101Divisional Controller $113
Senior Vice President $152Consultant $99Manager $101
Chief Financial Officer $132Plant Controller $97
President $129Assist. Corporate Controller $83
Owner $124Supervisor $81
Chief Executive Officer $114Chief Accountant $73
Principal $113

 

Lower Level Management/Entry LevelAcademic Positions
Financial Analyst $83Dean $139
Auditor $80Professor $122
Systems Analyst $77Department Chair $100
Senior Accountant $71Associate Professor $95
Staff Accountant $52Assistant Professor $88
Administrator $86
Instructor $60

 

Calculating Your Average Salary

This is a quick way to calculate how much you could potentially earn if you become a CMA.
(This calculation was taken from the Strategic Finance magazine the IMA publishes each month). 

Start with this base figure$75,807
If you are TOP-level management, ADD$28,000
OR if you are ENTRY-level management, SUBTRACT$25,995
Number of years in the field_____, TIMES700
If you have an advanced degree, ADD$13,873
If you hold the CMA, ADD$11,126
If you hold the CPA, ADD$10,193
Your Estimated Salary Level_______

 

For an in-depth explanation of what is expected of you to know to pass the exam on your first try, get a copy of the CMA Coach Study Guide.

 

 

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