Certified Management Accountant is one of the most coveted certifications sought after by career minded who wish to advance in the field of accounting, finance and business. The certification is said to be an excellent addition on the resume of any financial advisor, where many employers favor those applicants who boasts of it on their curriculum vitae as part of their academic achievements.
The CMA certification is generally concurred with a college degree. As per various finance educationist, the career benefits of CMA are far more than a standard degree. To better gauge this, the benefits of CMA are listed below:
Here are a few things to take into consideration while choosing a financial advisor.
Better Earnings
If you decide to obtain your CMA certification on top of your standard degree, this will mean more money and time will be spent before you practically enter the workforce. This may not be a favorable choice for those struggling with financial issues. However, if you consider the potential benefits of CMA, you will reap greater rewards in the long run.
According to the data procured after an yearly consensus, professionals who have a CMA certification earn more than 60% of the annual income of their non-certified colleagues. This means that you will easily earn the money you’ve spent on CMA certifications back very easily.
Career Progression
When comparing CMA certified professionals with those who chose other paths, it is deduced that CMA affiliates achieve better positions in companies. Those individuals who directly opt for a job after competing their undergrad will find themselves at lower starting pays. Moreover, they will also lack the knowledge and experience of the managerial level. Similarly, with a CMA certification, you will be able to climb the ladder faster.
Today, many CMA certified individuals are placed as financial controllers, financial analysts or CFO’s throughout the course of their careers. This is also similar for those who wish to start their careers as a CPA, or a non-certified individual. The latter will usually struggle with acquiring the high tier positions in companies as they will require more time to learn and evolve. The proof of management is quite visible in CMA certified professionals.
International Recognition
For those pursuing a career in accounting or finance, a degree is the first step for those who aspire a high paying job. However, those who are looking for a job in any other country, your local education may not have the same weightage. International employers will always be comparing education from different countries. This means that an American degree may not have any value while applying for work in Asia and Europe. On the other hand, CMA certification has global recognition.
The standards for CMA remain the same regardless of the geographical situations. This means employers have certain expectation from Certified Management Accountants globally. Moreover, CMA certification is highly sought after in China and Middle East.
Maria Cenisa Belardo Paterno from MCP has the required certifications that can get the job done with utmost precision. As a financial advisor, she has helped businesses save, grow and prosper.