CIMA Employment Opportunities In India

CIMA Employment Opportunities In India

CIMA Employment Opportunities In India – there is a growing demand for CIMA professionals due to various factors. So, if you are a student planning to enroll with the CIMA or a CIMA member already, you would want to know where your career path would lead you from here. It is true that CIMA opens a whole range of CIMA Employment Opportunities opportunities, but your career path is also determined by your aptitude towards a certain function, your experience and personal skill sets. You automatically brace yourselves for a fulfilling career once you arm your aptitude with a global degree like CIMA.

CIMA Employment Opportunities In India

Here we have discussed some of the key roles that you as a CIMA member can consider in India, based on your aptitude levels and previous work experience. Needless to say all of them are highly coveted roles with lucrative pay scales.

CIMA Employment Opportunities in Finance, Business and Management, making it as simple as possible for you to find the ideal job. Finance, Business and Management careers and opportunities are listed here from recruitment agencies, advertising agencies and direct employers.

So if you’re interested in furthering your finance career, and are curious as to what suitable jobs are out there for you, consult CIMA MY JOBS for all the best new accounting jobs vacancies. Search and apply for your next Finance, Business and Management career opportunity.

Management Accountant

CIMA Employment Opportunities – As a CIMA member, this is one of the most widely available options that you will find.The role is pivotal and involves preparation of monthly or annual profit and loss statements and variance analysis. Duties also include reviewing overhead costs to ensure efficient allocation of resources, conducting monthly reviews metings with managers to communicate the operations and finance strategies. In a nutshell, the main activities of this role is geared towards strategizing, liasoning with internal or external stakeholders, and optimization of cash flows.

Management Consultant

CIMA Employment Opportunities – If you have always been the highly revered advice guru and problem-solver since teenage, management consulting may just be the right thing for you! A management consultant’s role directly depends on the quality of his decision making skills and recommendations. His role includes analysing numbers and drawing insights for various issues at the operational and strategic level. The process involves bringing the most relevant information and people together when making decisions. The approach of the consultant can be tactical or standardized based on the uniqueness of the issue.

Business Analyst

CIMA Employment Opportunities – We live in an age of data overload. So much of data which revolves around company affairs needs an analyst to crack it and make recommendations based on it. While a financial analyst uses only financial and accounting data, a business analyst works with absolutely any metrics and data related to the company. Business Analysts provide valuable insights to the management in making strategies that can be helpful to improve the revenue of the company, predict the key performers, compare with industry benchmarks, etc

Forensic Accountant

CIMA Employment Opportunities – Enron, Satyam and Tyco shook the world with accounting scandals. This proves the growing need for forensic accountants day by day. A forensic accountant needs to possess investigative skills to verify the genuineness of the transactions, detect white collar crimes such as asset misappropriation, embezzlement of funds, securities fraud, etc.

Financial Controller

CIMA Employment Opportunities – A finance controller has to carry out analysis of the books of accounts, report to the management, monitor the activities of the department, lead the team, overseeing the preparation of financial statements, etc. A FM takes financial decisions of the company: procuring funds, project finance for buying assets, producing financial and accounting reports, help management take decisions regarding financial projections, etc.

Project Manager

CIMA Employment Opportunities – Execution, leadership and management sum up the key requisites of a good Project Manager. A project manager is primarily responsible for timely execution of the project: he has to analyze the requirements of the project, procure funds in some cases, manage fund allocation, guide and lead the team members. You will find this role in leading IT companies and multi national banks or investment houses. The profile of a Project Manager is not only dynamic and challenging but also financially rewarding.

Time for some statistics

CIMA Employment Opportunities – Now that you have a fair idea about the career opportunities available after CIMA, lets take a glance at some of the findings based on CIMA Salary Survey 2016. The following are the results for India.

The road ahead

According to CIMA there is a huge shortage of qualified management accountants with business partnering skills in India. Hence, there is a good opportunity for new CIMA members to bag senior level roles across sectors. Specialists, more than generalists are in demand, in this country. Which means candidates with experience in a particular sector are more preferred.

The key skill sets that employers are looking for are: (1) Track record in value addition (2) Sharp business acumen and (3) Strong communication and people management skills. So, if you have your eyes set on those plum offers, it’s time to take a serious look at CIMA (if you still haven’t), review your strengths and focus on your key competencies. Once you prove your worth to the prospective employers, there is no stopping you!

Average Salary for Certification: Chartered Management Accountant (CIMA)

Employees with a Chartered Management Accountant (CIMA) Certification

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CIMA Salary survey  2013

Salaries rise for CIMA students and members across India

The Chartered Institute of Management Accountants (CIMA) annual salary survey 2014 reveals that both members and students make good earnings, with six out of ten reporting that they are satisfied with their salary. Qualified CIMA members in India are earning an average of Rs. 22.30 lakhs in basic salary plus Rs. 2.40 lakhs in bonus payments. CIMA students earn on average Rs. 9.10 lakhs in basic salary plus Rs. 0.80 lakhs in bonus payments.

The survey underlines the financial benefit of the CIMA qualification with the average pay package increasing by 20% once students become fully qualified CIMA members.

In line with the global average, Indian members and students are overwhelmingly positive about the prospect of salary increases, with over 50% anticipating a pay rise over the next 12 months. Most expect an increase by up to 10%.

Andrew Harding FCMA, CGMA, Managing Director of CIMA, said: ‘In contrast to the overall trend of low wage growth in India, CIMA members and students are showing increasing optimism over pay. The 2014 survey shows that more members and students anticipate salary increases compared with last year. Our new online salary calculator will help members and students explore the salary findings in greater depth and evaluate their own earnings more easily against industry benchmarks. Meanwhile, the salary survey has also found that expectations for negative developments such as budget and job cuts have decreased. In particular, expectations for freezes in recruitment and salary are down significantly since last year.’

Financial reward has become the main motivator for work (70%), becoming more important than last year’s top factors, flexibility and work-life balance (44%, down from 47%).

CIMA members plan to focus on developing leadership skills, and strategic planning and implementation over the coming 12 months while CIMA students say they most want to improve their financial reporting and personal development skills.

Debasish Biswas, Country Head, CIMA India, said, ‘The positive results of the 2014 CIMA Salary Survey for India indicate the career growth potential of CIMA qualified members and students across the country. MNC’s and blue chip Indian companies have begun to take note of the business acumen, analytical skills and overall proficiency that CIMA qualified employees bring to their workplace. We have over 5,000 students enrolled in the CIMA programme and 460 qualified members, many of whom holds senior level positions such as CEO, CFO, Director, President, etc in large corporations across industries in India. With the increasing salary levels that the CIMA qualification attracts, we are experiencing positive signals from the Indian academic and corporate fraternity, and our student base is expected to grow at CAGR of 25-30% over the next few years.’

CIMA offers the Certificate in Business Accounting through integrated dual qualification undergraduate programs at select universities in India, such as Christ University (Bangalore), Manipal University (Manipal & Jaipur campus), GITAM University (Vishakhapatnam), BBD University (Lucknow), Jagran Lakecity University (Bhopal), SGV University (Jaipur) and Symbiosis Centre for Distance Learning (Pune). CIMA also works in close coordination with top MNC’s in India, which includes Accenture, American Express, Barclays, Dell, Siemens, EXL, Ernst & Young, RBS, HP, IBM, KPMG, Prudential, PepsiCo, PwC, Genpact, Infosys, Subros, Shell, Scope International, Thomson Reuters, TCS, Tesco, Tata Chemicals, Tata Motors, Vodafone, Wipro, WNS, etc.

CIMA has also created a new online tool which allows members and students to calculate average salaries according to different career factors. The calculator uses data from the 2014 CIMA salary survey and complements the full findings.  Calculator users can quickly compare and contrast average salaries by industry, job role and level of experience in their respective countries.

CIMA Employment Opportunities