Certified Management Accountant Education Requirements

A certified management accountant is responsible for accounting activities at the management level of the company. The responsibilities of a certified management accountant include accounting and audit, financial transaction cross checking, strategic decision making for the firm, etc. The responsibilities are more internal in nature with the results that a certified management accountant analyses are to be used to inform the higher management for necessary follow-up action. Candidates need to be highly educated if they would like to become a certified management accountant. Courses in management and accounting are ideal for such interested candidates. The following are the education and training qualifications to be possessed for the career of a certified management accountant along with the salary details.

Certified Management Accountant Educational Requirements

  • Candidates who want to become a certified management accountant should take up courses like masters in business administration, accounting management, and financial management among others.
  • Employers would normally expect to induct certified management accountants who hold at least a master degree. Although in some exceptional cases Bachelor degree courses along with good relevant full time work experience may also fetch the role.
  • A certification courses in management accountant is mandatory to become certified management accountant.
  • Candidates should be good at working out figures with excellent skills in mathematics and statistics.

Certified Management Accountant Degree, Courses, and Certifications

The following are some of the recommended courses if one wants to opt for the field of certified management accountant:

  • Masters in Business Administration – Accounting and Financial Management
  • Master of Science in Accounting
  • Bachelor of Science – Managerial Accountancy
  • Doctor in Business Administration
  • Graduate Accounting Certificate

Certified Management Accountant Qualifications and Training

After completing the above mentioned courses, candidates who would like to set forth their career as a certified management accountant can also pursue additional training and certification courses. Candidates can get the certification done from institutes that are recognized under Institute of Management Accountants. An additional training in financial management can be of great use if one wants to perform a good job in his career.

Certified Management Accountant Colleges and Universities

Certified Management Accountant Wages and Salaries

Candidates who want to become certified management accountants can find opportunities in accounting, auditing and tax services, retail and financial services, manufacturing and distribution firms, etc. According to the salary estimates by Pay Scale and released through National Salary data, the annual compensation of a certified management accountant ranges from $36,000 to $90,000 with the average being $62,000 approximately.

Category: Accountant Education Requirements

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