5 Reasons to Choose a CMA for Your Accounting Career

If becoming a CMA seems like something you would want to do, it is worth the effort as they are highly valuable. Becoming a CMA entails getting a lot of certifications and taking a lot of time, but it is most definitely worth your while.

I will answer this question for you today because I know that it is vital for people to do all of their research before they decide on an accounting certification. It can be challenging because there are so many options, and it's difficult to determine which is right and if the investment will help your future career.

Here are five reasons why people become certified in accounting. These motivations will help you see the benefits of receiving a CMA certification, which should be helpful when deciding for yourself. In addition, determining your career path enables you to consider what will help you achieve this goal.

The CMA is the top management accounting certification, meaning it's the gold standard and holds a lot of prestige in corporate accounting. It's also one of the fastest-growing credentials in the world

To get a CMA, you must create a high level of accounting and financial management skills. This applies to business environments. Therefore, you will be more likely for a job position when you hold this qualification.

The CIMA is the biggest in this niche. 90% of members are in the UK and Europe, but the CMA is growing faster globally.

The US has fewer CMA candidates, but the certification is now the most popular management account certification worldwide.

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CMA certification holders are 67% more likely to be offered good, high-paying jobs. Again, this is because they earn a lot more than the average person.

The mean and median salaries for CMA certifications tend to rise--or fall--each year. So remember to stay updated with the statistics so that you can make the most profitable decision for your future.

Others have reported that the average CMA salary has risen to roughly $74,344. This is a steady increase each year, which means it's a job you can count on for a long-term career.

As accountants, those without access to public accounting have more worth in industry-wide journals. In contrast, most of the knowledge and skills needed for that field are covered in the CMA rather than the CPA. Dual certification holders find many of the materials more practical and exciting.

The skills learned from becoming a Certified Management Accountant are often touted as the best in the industry for doing day-to-day tasks as an accountant.

The CPA Exam is often more challenging to attain than to pass, which is not the case with the CMA-IMA. They offer their tests in hundreds of locations worldwide and openly welcome international candidates.

You still have to achieve a bachelor's degree, pass a rigorous exam, and have two straight years of experience in accounting to earn the CMA. It's not any more accessible because the barrier of entry is low.

The IMA makes it easy to become a CMA because once you pass the exam, boards from different states will not make the process difficult like in becoming a CPA. This is because the bureaucracy is eliminated. Instead of conflicting rules from various state boards involved in the CPA certification process, one can focus on passing the exam so that this certification becomes attainable for many candidates.

Maybe you're reading this and wondering if the CMA certification is good for you. Maybe it is! Or maybe not. Only you can decide if it's a good thing that will help your career. All I'm trying to do here is provide information that will hopefully guide your decision-making process, so at least you know the pros and cons.

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The CMA provides career advice for big audit firms and corporations. If your ideal workplace is on the list, then the CMA is an excellent organization for you to find employment opportunities.

The CMA certification may not be suitable for you unless you work as a large firm's public accountant.

If you want to embark on a career in corporate accounting, certification is essential for building your profile and knowledge in the field.

Is the CMA truly valued where you live?

The availability of CMAs is low, and the salary that employers are willing to offer when hiring a CMA is outstanding.

The demand for CMA designers is different in every region.

As it's time for research, check out online recruiting sites like Monster.com and Indeed.com or other equivalent international sites.

Type in "certified management accountant" and see how many jobs pop up in your area. Unfortunately, the search will be too broad if you type in "CMA" because the term includes "certified medical assistant."

Monster.com shows 248 jobs in Dubai based on "certified management accountant." You can find more listings with a variety of keywords.

You will have to invest time and money in getting CMA certified. But once you do, it is worth the investment. You'll make more in salary, get new positions and job opportunities.

It may not make sense to buy this certification if your career does not require it. For example, a simple accounting career in a job that does not require a certification level may have little rewards, so it might be better to invest the time and money elsewhere.

A Certified Management Accountant (CMA) is an accounting professional accredited by the Institute of Management Accountants (IMA). With a CMA, an accountant gains competence in management accounting. The IMA devised this certification in 1972 to be an objective measure of knowledge and competency in management accounting.

To be certified through the CMA, you typically must pass the two-part CMA exam with a score of at least 72% each exam. The exam covers a range of areas related to accounting.

So, if you plan to go ahead and capture new heights in your career, then i would highly recommend you to go ahead with CMA course and get yourself prepared to take up the challenge.