Certified management accountants – or CMAs – are financial professionals who hold a certification in a rapidly expanding career sector. These accounting professionals balance tasks including financial reporting, financial management, investment decisions, corporate finance, cost management, risk management, financial decision making, and strategic management with their knowledge of professional ethics. Once obtaining your CMA certification and become a member of the Institute of Management Accountants, established and fledgling CMAs can build their network through their connections within the IMA. Building your professional network is key to establishing your reputation within an industry. These connections can be the difference between getting client referrals and landing that position you’ve always wanted.
When a person outside of the financial accounting sphere thinks of this professional certification, they might equate the responsibilities of decision analysis, external financial reporting decisions, financial statement analysis, internal controls, with a “boring desk job”. However, the CMA work experience doesn’t have to live within the confines of a desk space.
There are many industries that demand a financial analyst, financial planning, management accounting, and the other duties being a Certified Management Accountant demands. With a little bit of research, you’ll find there are plenty of interesting industries that have a need for a professional with a CMA designation.
Thinking about becoming a CMA?
Let us know in the comments!
Carolyn M. Rivera: A certified management accountant credential comes with a number of benefits, but not without hard work. However, you do have a bit of flexibility; you can potentially earn this credential between 12 months or over the course of three years. So after you’ve acquired this credential, what exactly can you do with it?
The certified management accountant credential is one of the fastest growing accounting credentials you can get. On average, CMAs earn about 31% more nationally and 61% more globally than those without the credential. People with this credential could excel to executive level positions in companies of all sizes.
Outside of joining more traditional industries – including finance, healthcare, government sectors, and more – a CMA can take this credential with them to industries you may not have even thought of!
You could work in the entertainment industry.
You could be a CMA for a news organization and work close to breaking news! From large networks to small production companies, these CMAs have the opportunity to be around creative people, potentially have access to new media before the public has access, and can work in a fast-paced environment.
Interested in professional sports? From basketball to football, to baseball and more you could be a certified management accountant for one of the many sports teams, nationwide! Most of these organizations offer additional perks to their employees including free or discounted tickets, access to special seats and events, and other special privileges.
You could work for unusual sectors of the government.
Do you love space? NASA and most of the private space companies out there have a need for a qualified CMA to join the team. You can say you used your expertise to help the future of space!
Have an affinity for nature? Some national parks generate more revenue than others – YOU can be the CMA that helps keep a park like the Grand Canyon or Yosemite National Park in check!
You don’t have to sit in a cubicle to utilize your CMA – not that there’s anything wrong with that! Obtain your credential and do your own research to discover the endless places your CMA can take you.
HAVE A QUESTION?
The experts at ExamMatrix have all the information you need to succeed.
Learn more about each credential and certification, exam reviews, exams, career paths, and general advice from our experts today!
HOW READY ARE YOU?
Not sure if you're ready to sit for your exam? Get your ReadySCORE™ today!