Earning the Certified Management Accountant (CMA) certification from the Institute of Management Accountants (IMA) significantly boosts your employability in the competitive finance and accounting landscape. While no certification guarantees instant employment, the CMA makes job hunting notably easier compared to uncertified peers, thanks to its global recognition in over 150 countries and proven demand across industries.
Why It's Easier with a CMA
The CMA equips you with specialized skills in financial planning, risk management, cost analysis, and strategic decision-making areas employers prioritize in a data-driven economy. According to the IMA's 2023 Global Salary Survey, CMAs earn 21% more in median total compensation than non-CMAs, with U.S. averages around $115,000 annually. This premium reflects high value: over 100,000 professionals worldwide hold the credential, yet demand outpaces supply. The U.S. Bureau of Labor Statistics projects 4-7% growth for accountants and auditors through 2032, faster in management roles where CMAs excel.
Job listings abound Indeed shows over 8,800 CMA-specific postings in the U.S. alone, spanning corporations, consulting firms, and nonprofits. Entry-level roles like financial analyst or cost accountant often prefer CMAs, accelerating promotions to senior positions. Unlike the CPA's audit focus, the CMA's management emphasis opens diverse doors in manufacturing (30% of CMAs), finance, tech, and healthcare.
Real-World Ease
Many CMAs report quicker hires: one survey respondent noted Mercedes-Benz selected them over competitors due to the CMA's "standout" credibility. With 2 years of relevant experience (which you can gain post-exam within 7 years), landing roles becomes straightforward. Networking via IMA's 75,000+ members further simplifies it events and job boards yield leads fast.
Tips for Success
To maximize ease:
- Tailor Your Resume: Highlight CMA skills like forecasting and analytics.
- Network Actively: Join IMA chapters for referrals.
- Start Entry-Level: Roles like staff accountant build momentum.
- Global Mobility: The credential's international status eases cross-border moves.
In short, yes a CMA gets jobs more easily, with faster advancement and higher pay. It's an investment yielding quick returns in a stable field. Pursue it if you're eyeing leadership; the path from exam to executive is smoother than you think.