CIMA is a qualification that can open doors for you in any industry across the world.
There are many benefits to studying for a CIMA qualification.
From learning real-life skills and competencies, to becoming more attractive to employers, it will also boost your earning potential.
Even while you're still studying, you could see your salary increase as you move through the qualification.
CIMA salaries
According to research carried out by CIMA, qualified CIMA members in the UK are earning more than twice the UK national average at £63,000 in basic salary plus £7,200. That’s a total salary of £70,200 per year.
With CIMA you’ll also earn whilst you learn, and students earned an average £32,000 in basic salary plus £2,790 in bonuses. Here is what you could expect to earn as you move through the qualification.
- Operational - £30,000
- Management - £32,000
- Strategic - £39,000
Source: 2019 Association of International Certified Professional Accountants Salary Survey
And after qualification, the world’s your oyster!
As a CGMA designation holder, you can earn more and go further. Even while you’re still studying, you can step ahead in the job market.
Potential roles and salaries
Operational roles
Junior Financial Analyst - responsible for assisting senior analysts in various accounting and financial management duties. Depending on the structure of the organisation, a junior financial analyst may be part of the accounting or finance
department.
Average annual salary: £25,699**
Financial analyst - provide guidance to businesses and individuals making investment decisions. You would have to be able to assess the performance of stocks, bonds, and other types of investments.
Average annual salary: £37,363**
Management roles
Financial Accountant - duties include analysing general ledger transactions, posting journals, balance sheet reconciliations and variance analysis. Financial accountant make sure that budget holders and financial planners have the most accurate information.
Average annual salary: £42,643**
Business Analyst - providing support to senior management so they can make commercial decisions. Skills needed include: risk management, business partnering and financial modelling.
Average annual salary: £42,542**
Strategic professional roles
Financial Controller - responsible for overseeing the preparation of financial statements and ensuring insightful data from the reports. Must also verify the authenticity of financial reports, regulatory compliance and analysis of financial data.
Average annual salary: £61, 784***
Financial Manager - a varied role, depending on the organisation you work for. If the business is larger, then the role could be more about strategic analysis, but in a smaller organisation a finance manager might be more involved in the collection and preparation of accounts.
Average annual salary: £51,277***
Start your CIMA journey now
Kaplan has a comprehensive range of CIMA courses that we’re confident will guide you towards CIMA success and these higher salary figures. If you’re at the start of your CIMA journey, our flexible Certificate Level courses can be started at any time with Computer Based Assessments held throughout the year.
Professional Level courses start every 3 months and give you the option to complete a level in 6, 9 or 12 months. This means you can fast track through if you want to complete a level sooner, so your earning potential could increase faster than you think.
*https://www.cimaglobal.com/Starting-CIMA/Why-CIMA/
**Indeed.com average salary checker Jan 2022
***Reed.co.uk average salary checker Jan 2022