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.

3 Comments on “Earning Potential”

  1. Respected Sir,

    I am writing to ask some questions regarding Salaries. In this above article, you mentioned estimated salaries (Start with Base Figure $75,807). It mean Monthly CMA can earn minimum 6,317.25. But i want to know which type of companies gives us this salary. Because, you know that lower level companies cannot give this package.

    I am living in Dubai, here we can get this salary…?

    1. Hi Muhammad,

      The salary potential a CMA holder can obtain highly depends on where they work, industry, company size, etc. There are many variables but the IMA did a great job surveying current CMA holders. The IMA releases their annual salary survey on their website. If you look at it, it may provide further details about your country.

  2. Pingback: CMA vs CIA - Which Is Right For You - CMA Coach

Leave a Reply

Your email address will not be published. Required fields are marked *