On an average, a CMA US certification holder earns about 10 lakhs annually in India.
Innumerable career prospects await accountants holding the CMA certification. Top companies globally are actively hiring individuals who have cleared the CMA exam.
You can have a successful career path as you grow in experience and choose preferred designations within the CMA branch hold. This blog will cover all the career prospects for a CMA US professional.
The Global Potential of CMA US
A CMA US certification from the Institute of Management Accountants (IMA) opens up a world of opportunities. KPMG, Deloitte, Cognizant, PwC, and TCS, among others, are some of the best companies to work for in India.
You can also go big and work for the top US firms such as Goldman Sachs, Amazon, World Bank, and J.P Morgan in various sectors such as management accounting, financial analysis, financial control, etc.
Working for these top firms in the US can help you earn 6 figures annually in no time. The plus point is you can work across several industries too.
Top 6 Job Roles for CMA US Professionals
1. Financial Analyst
According to the Bureau of Labor Statistics (BLS), financial analysts will grow by 9% from 2023 to 2033. A US CMA professional can easily land a job as a financial analyst earning anywhere between 4-10 lakhs as a fresher depending on the company/geography.
Responsibilities
Analyze vast amounts of financial data
Forecasting market trends
Calibrating and preparing financial charts
2. Management Accountant
The IMA proposes that 75% of professionals working in accounting careers work in management accounting. That calls for the immense scope awaiting CMA holders in this field of work
Responsibilities
Overseeing and preparing budgets
Managing the accounting staff
Performance evaluation and cost management
3. Financial Controller
The employment of financial controllers will grow substantially by 16% from 2022-32. According to the IMA, the financial controller job is of paramount significance as they are responsible for a company’s account books and closes.
Responsibilities
Compiling and preparing income reports, balance sheets, etc
Overseeing internal audits
Hiring and training accounting staff
4. Chief Financial Officer
Every CMA candidate can aspire to become the CFO as this is as high as it can get concerning overseeing a company’s financial operations. You have to directly report to the CEO and properly designate staff under your leadership.
Responsibilities
Manage and lead multiple finance and accounting teams
Monitor overall company fiscal health
Forecasting future financial trends
5. Internal Auditor
As a CMA US holder, you are entitled to handle the internal auditing works of a company. From 2023-2033, auditor employment is projected to grow by 6%, according to the Bureau of Labor Statistics (.gov).
Responsibilities
Ensuring compliance with laws and regulations
Reviewing company processes
Identify potential risks
6. Treasurer
Becoming a company’s treasurer can be of great interest to aspiring CMA holders. It will offer you great insights into a company’s fiscal health and also enable you to make financial advice.
Responsibilities
Managing the organization’s financial resources
Depositing funds and recording business transactions
Preparing annual budget
A Golden Career Awaits You!
There you go. Now you can choose your preferred designation after passing the CMA USA exam. Based on your skill set and line of interest, you can plan a career roadmap and gain significant returns from the management accounting career.
My Logic is a pioneer in catering world-class training in financial professional courses like CMA (USA), CPA (USA), ACCA, CIMA, etc to students across the globe. We offer top-class online training videos along with online interactive classrooms that help you crack competitive finance and accounting exams.
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