TOP 5 CMA USA CAREER PATHS YOU HAVE ONCE YOU FINISH THIS CONTEMPORARY COURSE

You've joined the IMA, passed the CMA USA exam, completed all of your CMA certification requirements, and are now a Certified Management Accountant. You've polished up your CMA resume and are keen to start networking to secure your first post-CMA job. But you're trapped. You're stuck because you don't know what kinds of certified management accounting careers are available.

What precisely does a CMA USA do?

Certified Management Accountants give expert guidance and reporting by leveraging their decision-making, planning, and performance management expertise. They will work to develop and implement a financial strategy that will benefit their company.

CAREER PATHS AFTER CMA USA

Is CMA a decent job? Yes, in most circumstances. Becoming a CMA can give you a six-figure income, a profession with plenty of opportunities and exceptional job security due to a rare skill set. As AI has been transforming accounting jobs, the CMA puts you as a leader with more chances than ever before.

Management Accountant

Do you enjoy planning and strategizing? Management accounting may be the career route for you. Most CMA USA jobs include planning and strategizing, but as a management accountant one is required to budgeting as well as the other to manage the firm's managers and executives can make risk-adjusted decisions about their economic future.
While you must be an accounting expert, you must also have the ability to explain this information in a way that non-experts can grasp. Excellent communication skills are required. Management accountants are generally employed in private or public companies, as well as government institutions.
The average salary for management accountants in India is ?450000 per year. The lowest salary reported for a management accountant was 3.5 lakh annually, while the highest was around ?15 LPA.

Financial Analyst

If you appreciate researching market patterns and the microeconomics of money, then a financial analyst could be the right match for your profile.. This profession demands meticulous attention to detail for the analyst to examine the financial status of a possible investment to ensure it is worthwhile. A financial analyst's other usual job functions include counselling corporations on how to issue corporate bonds or split shares, as well as providing financial analysis and research to provide insight into the company's other aspects such as profitability, stability, volatility, and solvency.
As a financial analyst, you can work for a bank, an insurance business, a start-up, or a multinational corporation.
The average financial analyst in India is paid ?600000 annually. Of the financial analysts surveyed, the lowest salary was ?4 lakhs annually while the highest was around ?12lakh per annum.

Cost Accountant

Cost accountants are in charge of recording and assessing all business expenses. They then utilise this information to determine where the company is wasting capital and how to enhance its financial management.
A cost accountant's day-to-day responsibilities include producing asset, liability, and capital account statements, tracking financial transactions and providing suggestions based on financial history analysis.
As you might expect, this role could be extremely valuable in a variety of company structures, therefore cost accountants can be found working with retail sectors, consulting organisations, or directly within a business or corporation.
In India, the average yearly income for a cost accountant is ?400000. The lowest paid cost accountants were paid ?300,000 per year, while the highest paid was ?900000.

Accounting Manager

Accounting Managers design and maintain accounting systems and procedures that are used by other accountants to collect and analyse data. Overseeing daily operations, monitoring and analysing data, preparing financial statements and reports, and adhering to precise accounting policies and principles are standard job responsibilities of an accountant. Accounting supervisors are often found working for major corporations or organisations that employ a significant number of accountants. The average salary is around (5-7) LPA.

Senior Accountant & Staff

Senior accountants are often more managerial than junior or staff accountants and do not carry out administrative duties. Instead, they are in charge of reporting a company's cost margins, productivity, and expenditures. Preparing month-end procedures, scrutinizing accountant accounts, and maintaining financial records of all frequent activities. Senior accountants are also expected to mentor junior personnel and manage accounting projects with other accounting teams and departments. As you might expect, becoming a Senior Accountant requires not only superior management accounting skills but also years of experience, excellent interpersonal skills and strong leadership abilities. In India, the average salary of a senior accountant is around (10-15) LPA.

Corporate Controller

A corporate controller is someone who controls the financial and accounting responsibilities of a firm. This comprises, to name a few, billing, accounts payable, accounts receivable, and budgeting. Creating the annual budget, preparing internal and external financial statements, examining existing accounting operations, and coordinating actions for external auditors are all common job functions. Corporate controllers frequently supervise other accountants, so the skills and information gained from completing your CMA are priceless. While the knowledge of a controller can be used in any business, larger corporations and organisations are more likely to hire for this job. In India, the average corporate controller makes (15-30) LPA per year. Corporate controller salaries start at 7LPA, while more senior professionals in this job can earn up to 25LPA per year.

Chief Financial Officer (CFO)

What exactly is a CFO? It's one of the highest-level jobs in the company and is sometimes regarded as a CEO's right hand. CFOs supervise everything from financial reporting and forecasting to investments and financial business choices for a corporation. A CFO's most important job responsibilities are managing cash flow, identifying financial strengths and weaknesses, and proposing corrective actions. It can take years of experience to build the specialised abilities required to become a Chief Financial Officer, but earning your CMA is the fastest way to get there. In India, a typical Chief Financial Officer (CFO) earns roughly ? (30-50) lakhs per year. The lowest pay indicated by CFOs surveyed was 25 LPA, while the highest was 1.5CR per annum.