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US CMA | CMA USA Scope or Job Opportunities in Dubai

US CMA | CMA USA Scope or Job Opportunities in Dubai : In this globalised world, organizations require professionals such as Cost Accountants (CMAs) who have specialized knowledge on business strategy and value creation. The Cost Accountant being the foundation on which the enterprises are built, the specialized education and training by the Institute make the Cost Accountant a multi-faceted professional. CMAs are driving force in all economic activities, as they are the value creator, value enabler, value preserver and value reporter.

US CMA | CMA USA Scope or Job Opportunities in Dubai

The right way to help a career grow is by taking up a professional specialization, in this case a CMA.

The certification comes with –

Part 1: It deals with four broad aspects – Planning, Financial Reporting, Control and Performance. Under this come cost management, performance management, planning, external financial reporting, forecasting, internal controls, and budgeting.

Part 2: It majorly deals with financial decision making which includes professional ethics, decision analysis, financial statement analysis, risk management, corporate finance and investment decisions.

The IMA conducted two comprehensive CMA salary surveys in 2010 and 2012 among the current and prospective CMAs in Dubai, UAE and the Middle East, together with two recent global surveys in 2014 and 2015. Here are some interesting findings:

Profile of a typical IMA Member in the Middle East

Based on members who responded to the survey, an “average IMA member” is more likely a man in his mid thirties with a bachelor degree, and quite possibly with a master’s degree. He has been working for 10 years in middle to senior management.

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On average, the IMA members in this region earn US$44K in annual basic salary and US$54K if including other compensation, such as bonus and profit sharing. The level is lower than last year by 13-18%, likely due to the fall in oil prices.

The median figure is UK$29K and US$35K respectively.

In any case, the salary increase is still impressive from the first report in 2010.

The Countries with Largest Representation

Among the Middle Eastern countries, UAE, Saudi Arabia and Egypt have the most number of IMA members, representing 35%, 25% and 13% of total survey respondents respectively.

Here is a further breakdown:

cma usa salary

cma usa salary

US CMA | CMA USA Scope or Job Opportunities in Dubai :Cost Accountants are in great demand in government sector, private sector, banking & finance sector, developmental agencies, education, training & research sector as well as in service and public utility sector. Further, in view of their specialized knowledge and training, CMAs may hold top management position in public and private sectors’ enterprises like Chairman cum Managing Directors, Managing Director, Finance Director, Financial Controller, Chief Financial Officer, Cost Controller, Marketing Manager and Chief Internal Auditor and other important positions.

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US CMA | CMA USA Scope or Job Opportunities in Dubai

Those CMAs managing their own businesses have found themselves as a Manager and as an Accountant can control and thereby flourish their businesses. There is no doubt that a Cost Accountant can attain the highest ladder of professional career.

There is a sustained demand for qualified, trained and experienced cost accountants in India and abroad in different industries and Government Departments. Many members of the Institute are also engaged in providing professional and cost consultancy services and in teaching cost and management accountancy in Universities and Colleges.

Cost accountancy edges over financial accounting. Cost accounting promotes study and adoption of scientific methods to secure maximum efficiency in industrial, commercial and other spheres, as compared to financial accounting. Financial accounting mainly draws conclusions on the basis of post facto data long after the operations are put through and expenditure were incurred enabling score keeping or at best statistical analysis. Therefore, role of cost accountants go beyond a financial accountant and they help the management in regulating production operations and processes of production.

US CMA | CMA USA Scope or Job Opportunities in Dubai

These are the few job opportunities for US CMA | CMA USA in Dubai

  • Financial Controller (Joint Venture)

NTS Group – Dubai

Fully Qualified Accountant (ACA, ACCA, CPA, CMA). NTS Group are working exclusively with a leading multinational company

  • Senior Executive/ Assistant Finance Manager

Apple Search & Selection – Dubai

In able to qualify for the role, candidate must have an accounting qualification (Master of Commerce (M.Com), CA (Inter), CA (iPCC), CA, ACCA, CMA)

  • COST ACCOUNTANT

Dubai

A Manufacturing company requires an Accounting graduate with minimum three years of experience in Costing & Pricing for Raw materials and Finished goods

  • Consulting – Finance Function – Manager – Riyadh & Dubai

Gulf Marketing Group (GMG Group) – Dubai

CFA, CPA, CMA or CA) • A minimum of 8 years of relevant experience across the finance and/or accounting functions, with at least 4 years of leading finance

CMAs  USA hold positions in middle, senior, and top level management! A sampling of the positions CMAs earning six figure salaries hold:

Top-Level Management

  • Chief Executive Officer
  • Chief Financial Officer
  • Corporate Controller
  • Corporate Secretary
  • Corporate Treasurer
  • Director
  • Owner
  • Partner
  • President
  • Senior Vice President
  • Vice President

Senior Management

  • Chief Accountant
  • Consultant
  • Corporate Controller
  • Director
  • Divisional Controller
  • General Manager
  • Manager
  • Plant Controller
  • Vice President

Middle Management

  • Administrator
  • Assist. Corporate Controller
  • Consultant
  • Director
  • Divisional Controller
  • General Manager
  • Manager
  • Vice President

Academic Positions

  • Assistant Professor
  • Dean
  • Department Chair

US CMA | CMA USA Scope or Job Opportunities in Dubai :The members of the Institute are the driving force in the team of management while in employment, and as Cost Auditors, Internal Auditors, Auditors in case of VAT, Excise, SEBI, NSDL and under other statutes/ Regulatory requirements, Advisors and Consultants in practice.

US CMA | CMA USA Scope or Job Opportunities in Dubai

Why CMA?

  • CMA global qualification is awarded by IMA (Institute of Management Accountants) USA
  • Strong Knowledge Base in Management Accounting and Financial Management
  • Significant Career Progression, Credibility & Job Prospects
  • Builds leadership Skills, International perspective towards business
  • Short Duration: 6-8 months to qualify the exam
  • Both students as well as working professionals can opt for this course
  • MOU with Institute of Cost Accountants of India (ICAI)

US CMA | CMA USA Scope or Job Opportunities in Dubai

US CMA | CMA USA Scope or Job Opportunities in Dubai

Eligibility for CMA

  • Any Graduates, B.Com, BBA, MBA’s during their course or after the course
  • Chartered Accountants & Cost Accountants
  • Any Working Professional who wish to move to a Management Level/career progression

US CMA | CMA USA Scope or Job Opportunities in Dubai

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