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The US Certified Management Accountant, or US CMA, is one of the most preferred certifications in Management Accounting across the globe. A Certified Management Accountant integrates management and strategic planning with conventional financial accounting. They analyze the data, create project plans, and advise people and businesses to maximize the possible economic profit. Due to the expansion of the accounting sector, the need for Certified Management Accountants (CMA) is increasing worldwide.
This article will focus on CMA USA opportunities for New Zealand US CMA professionals. New Zealand has many options, as many companies are looking for professionals with CMA USA certification. But before moving further with the CMA job opportunities and salary in New Zealand, let us look at an overview of Certified Management Accountants (CMA).
The Institute of Management Accountants (IMA) is the official organization responsible for administering the CMA USA certification. US CMA is a professional qualification that vouches for your skills to work in management and financial accounting. People with CMA USA qualifications are considered experts in strategic management, financial planning, ethics, analysis, and other fields.
Exam Structure – Registration for the CMA USA exam is done three times a year. The test has been simplified and divided into two halves.
The CMA USA exam is entirely computer-based. Each exam part lasts four hours and consists of 100 multiple-choice questions and two thirty-minute essay questions. To pass the exam, candidates must score 360 or above marks out of 500 in each exam part. Every year, the testing window opens in January, May, and October. Candidates can book time slots and take the exam when it is convenient for them.
Eligibility Criteria – Candidates must meet specific exam criteria to gain this high-level certificate.
A professional management accountant primarily keeps track of the business’s costs and profits. Following are their primary work responsibilities:
Because the CMA US certification focuses on Managerial Accounting and Financial Accounting for Big Corporations, opportunities for US CMAs in New Zealand primarily concentrate on the company’s management department. The top companies in New Zealand for CMA US jobs are all the Big4s ( KPMG, Ernst & Young, Deloitte, and PriceWaterhouseCoopers) and Fonterra, BDO, Thornton, RSM, etc.
Let us walk you through all the possible CMA opportunities with the CMA salary in New Zealand:
As the demand for CMAs is increasing daily, It has reached every country and is gaining value rapidly. The New Zealand government is actively promoting qualified CMAs to work in the country. Due to the rising demand for analysts who can comprehend and analyze financial data to help firms make business decisions, there will likely be an increase in the market for accountants. There are so many reasons to gain CMA certifications in New Zealand, one of which is the pay scale of CMA in New Zealand. CMAs always have a better earning potential than non-CMAs since they specialize and get high-level managerial abilities. Compared to non-CMAs, CMAs’ average compensation is approx 65% higher.
If we discuss this in terms of numbers, the average salary for an experienced Certified Management Accountant is about $60,000. A Certified Management Accountant receives 63% of his salary from his profits. However, there are other factors that affect the salary of a CMA are given below:
CMA careers are popular among young students who are interested in accounting and finance. The remuneration package given by CMA employers is among the best in the world. CMA careers are rewarding, and the salary is competitive. CMA salary ranges differ according to an individual’s professional position. CMA compensation levels vary depending on the company and industry. However, there is a basic range that one may anticipate earning.
CMA is the fastest-growing program, offering applicants a diverse range of professional options. As the number of CMA USA employment prospects in New Zealand grows, so does the economy. According to statistics, more than 70% of CMAs in New Zealand are employed at senior management levels. The majority of people in New Zealand are pleased with their careers after earning the CMA USA certification. Let’s take a look at some additional information regarding jobs for US CMA in New Zealand:
The average CMA salary in New Zealand is $133,401, which equates to $64 per hour. Additionally, they can also receive a $6,617 bonus on average. The average compensation for a fresher Certified Management Accountant (CMA) with 1-3 years of experience is $93,311.
According to the Institute of Management Accountants (IMA) 2018, CMAs earn 47% more than professionals without the CMA or CPA. The typical salary for a senior management accountant with ten to twenty years of experience is estimated to be approximately NZ$95,000, whereas the average salary for a mid-career management accountant with four to nine years of experience is around NZ$78,000. Management accountants with more than 20 years of experience might make over $100,000 in New Zealand dollars.
Accounting is the backbone of every industry and corporation. Thus, to keep up with globalization, a professional accounting degree such as the US CMA has emerged as a top chosen career option among students with a commerce background. CMA USA personnel are hired by major MNCs, top Indian businesses, and even the Big Four accounting firms. Among many, some of the Big 4 and other firms that recruit CMA US candidates are listed below as examples.
Deloitte, PWC, KPMG, EY, Accenture, Infosys, Cognizant, Amazon, Morgan Stanley, HP, Barclays, Max Life, Genpact, etc.
This Certification course can open the door to many job prospects in the commercial world. It will help you improve your financial, accounting, and management abilities, expand your job opportunities and help you stand out from the crowd. After CMA, you can work as a Finance Manager, Cost Accountant, Finance Controller, Finance Advisor, Internal Auditor, or in various other finance-related positions. Because this is an international qualification, you can work anywhere globally.
The salaries paid to CMAs vary across the world. A CMA professional earns the highest salary in the United States of America. With sufficient expertise, any CMA can make up to 125,000 USD annually. In the United States, the average pay is roughly 80,000 dollars. In the United States, the average total compensation or CMA wage includes the cost of housing, transportation, and other perks.
Because the US CMA is the most sought-after certification in the subject of Management Accounting, job opportunities for a CMA are constantly favourable. CMA opportunities in New Zealand are endless, and because of the great demand, the CMA salary in New Zealand is also attractive.
If you need help getting CMA USA certification and one of the top CMA jobs, you may follow in the footsteps of many other successful people and choose the best CMA USA course. One such institution is NorthStar Academy (NSA).
Our CMA course is a well-organized and great option for CMA USA test preparation. NorthStar Academy also offers demo classes for potential students, allowing you to evaluate our courses’ effectiveness. We have some of India’s most incredible mentors, such as M Irfat Sir, to assist students along the right path, making the CMA USA program an all-around help. NorthStar Academy also provides applicants with Section-wise Formula resources and Essay Case Study materials. NorthStar Academy also provides applicants with Section-wise Formula resources and Essay Case Study materials.
If you have any questions about the course, please get in touch with us at +91 8147470707; we will be pleased to answer your questions and give the best consultation.
