“Never better time to be a management accountant”
Dubai, United Arab Emirates -Tuesday, October 17th 2017 [ AETOS Wire ]
Pay levels for management accountants are performing well against the backdrop of low global inflation.
The latest annual salary survey from the Association of International Certified Professional Accountants reveals average earnings for qualified Chartered Global Management Accountant designation-holders in the United Arab Emirates are AED 402,000, rising by an average of 8 per cent in the next 12 months.
Pay prospects for CGMA trainees are even brighter, with students en route to full CGMA status believing their salary will go up by 9 per cent in 2017/18. They are currently paid an average AED 193,000 a year.
A strong focus on professional development in the accountancy sector was also shown in the survey, with a healthy desire by both qualified and student CGMAs to learn new skills, such as strategy and negotiation, to help their own careers and the organisations in which they work.
Geetu Ahuja, Associate Director - Management Accounting in Middle East, North Africa and Pakistan, for the Association of International Certified Professional Accountants, said:
“I remain optimistic that the transformation of business and finance functions will bring enormous opportunity for management accountants to show their value.
“Key to success will be an investment in continuous professional development. The survey highlighted the training needs to be on the strategic and soft skills that employers say will be critical to succeed.”
Andrew Harding, Chief Executive – Managing Accounting – the Association of International Certified Professional Accountants, said:
“Change is happening at unprecedented speed, and reshaping how business is done. There has never been a better time to be a management accountant. The skills and experience they use to overcome challenges and seize opportunities are clear for employers to see. This is reflected in the salaries and positions being offered globally.”
Full salary details and comparisons by country and industry sector are accessible in the newly-launched Salary Insights Tool
Notes to Editors
The 2017 salary survey was conducted online by the Association of International Certified Professional Accountants between 19 April and 15 May 2017. Some 6,201 qualified members and 6,535 students across 18 countries took part in the study.
The Association of International Certified Professional Accountants (the Association) is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) to power opportunity, trust and prosperity for people, businesses and economies worldwide. It represents 650,000 members and students in public and management accounting and advocates for the public interest and business sustainability on current and emerging issues. With broad reach, rigor and resources, the Association advances the reputation, employability and quality of CPAs, CGMAs and accounting and finance professionals globally.
The Chartered Institute of Management Accountants (CIMA), founded in 1919, is the world’s leading and largest professional body of management accountants, with members and students operating in 177 countries, working at the heart of business. CIMA members and students work in industry, commerce, and the public sector and not-for-profit organisations. CIMA works closely with employers and sponsors leading-edge research, constantly updating its qualification, professional experience requirements and continuing professional development to ensure it remains the employers’ choice when recruiting financially-trained business leaders.
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