The Certified Management Accountant (CMA) certification is designated to rank among the fast-growing credentials around the world. It is considered to be one of the highest status forms surrounding professional certification in the corporate world of accounting. Therefore, this certification provides an individual with a generalized, managerial, and internal prospective. As such it is of significant advantage in the corporate market because the accounting profession looks at both service and quality accorded to clients. This mostly applies in public accounting where CMA certification allows an individual to provide internal and external examinations through their clientele engagements. By having such a large range of expertise, it allows an individual the ability to provide their clients better services. Accordingly, the CMA certification is seen as a gateway to having a more successful business career that includes higher earning potential. Their salary has the potential to increase even during those difficult economic times experienced by companies and countries. For example, in the U.S. a CMA certificate holder commands a salary that is 31% greater than the non-certified peers and in the global arena this reaches 61% ( Hargadon & Fuller, 2010 ).
The current and developing young professionals need to consider CMA certifications because it grants them more flexibility throughout the industry. As such, CMA certification provides one with a significant advantage in the corporate job market as it grants them more job opportunities as regards to labor market activities. One is able to enhance their financial, accounting, and management skills to serve both the domestic and global market (Daniels, 2011). Such skills enable one to expand their career potential and this helps them to remain competitive in their industry. CMA certificate holders have an increased awareness of the variety of career possibilities. This trend increases substantially and ensures their brand is compliant and essential. Through the certification, individuals are able to acquire new skills such as strategic insight and this lands them a variety of positions with titles ranging from financial analysts to vice president, and controller. Such candidates are normally tested on their levels of strategic thinking and portray their understanding of how enterprises should conduct business in the contemporary business setting. This means that an individual will have excellent communication and problem-solving skills that gives them the ability to act in leadership roles.
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Domestically and internationally, CMA certifications gives individuals great credibility and accords them positions as strategic advisor and business partners in their companies. The CMA certification exam has contents that mirror real-world applications that are used across corporate finance and accounting functions ( Daniels, 2011 ). This results in an individual representing the company in different business forums. Having such a passport means that an individual handles businesses ranging from multinational corporations to the small and medium-sized firms that have operations in various countries around the world. Travelling to different countries and companies round the globe enables an individual to gain access to the growing global network. This means that they will be serving thousands of professionals globally. As such, they will be growing both the company and their roles especially because businesses continue to revolve. Hence, an individual who demonstrates their ability to learn and grow is one who adds value to the bottom line of the company and is viewed as a dynamic employee.
CMA certification also accords an employee the chance to demonstrate to their employers their ability with regard to handling challenging issues. Especially with the newly developed decision-making skills and abiding by strict code of ethics, CMA certificate holders are bound to prosper. For example, in the process of reducing risks of fraud in organizations worldwide, Certified Management Accountants contribute much as the loss in revenues yearly amounts to a projected $3.7 trillion. CMA certification holders are able to provide executives with sound financial advice that ultimately affects the company’s future (Atwood, Raiborn & Butler, 2012).
References
Atwood, B., Raiborn, C. A., & Butler, J. B., (2012). The illusion of internal controls. Strategic Finance , 94(4), 31.
Daniels V. S. (2011). Assessing the value of certification preparation programs in higher education. American Journal of Business Education, 4(6), 1-10
Hargadon, J. M., & Fuller, L. R. (2010). Take less and earn more. Strategic Finance , 91, 47-53
