How Much One Can Expect
Globally, the demand for CIMA certified members is increasing at a rapid pace and an ever-increasing number of employers are looking for the knowledge, skills and the professional experience that they carry. This demand has positively impacted the compensation packages that the employees are willing to pay to the members.
The 2016 CIMA Salary Survey shows that the average salaries of the CIMA certified members have been growing at a steady pace, which is more than twice the rate at which the national average salary is growing in the UK. The ever increasing demand of the members of this profession has translated into attractive salary packages which the employers are willing to pay to the CIMA certified members.
The Global salary for the members working in the accounting profession is extremely attractive. The worldwide average salary of CIMA members is £68,647. Even the students pursuing CIMA draw an attractive average salary of £27,146.
CIMA designation holders in India are drawing an average annual income of Rs 30,63,133 and the students draw Rs 14,61,562. This is much more than what the non-CIMA professionals earn in India.
Region Wise Salary Scale
CIMA conducts a salary survey among all CIMA members and students every year. The 2016 CIMA Salary Survey which is the latest one provides some interesting insights into the compensation packages that the professionals earn.
As per the survey, the average annual salaries drawn by qualified CIMA members in the different countries are as follows:
| AVERAGE ANNUAL INCOME | AVERAGE ANNUAL SALARY | AVERAGE ANNUAL BONUS | PERCENTAGE OF INCOME AS BONUS | |
|---|---|---|---|---|
| UK | £75,031 | £68,328 | £9,802 | 10% |
| USA | £1,34,970 | £1,18,986 | £18,718 | 12% |
| Dubai / Abu Dhabi / UAE | £97,644 | £88,950 | £11,210 | 9% |
| India | £37,043 | £33,332 | £4,639 | 10% |
| China | £116,521 | £100789 | £18,484 | 14% |
CIMA Payscale By Industry
| AVERAGE ANNUAL INCOME | AVERAGE ANNUAL SALARY | AVERAGE ANNUAL BONUS | |
|---|---|---|---|
| Accountancy | $117,290 | $106,268 | $22,254 |
| Banking | $110,027 | $97,062 | $14,301 |
| Business Services (B2B) | $94,032 | $85,362 | $12,430 |
| Construction And Property | $116,407 | $104,297 | $16,740 |
| Education | $71,463 | $69,752 | $8,139 |
| Financial Services | $106,558 | $93,568 | $14,643 |
| Health care And Pharmaceutical | $99,557 | $90,632 | $14,598 |
| ICT, Technology And Telecommunications | $95,395 | $85,070 | $12,192 |
| Manufacturing And Engineering | $83,710 | $75,689 | $10,299 |
| Media, Marketing, Advertising And PR | $99,109 | $90,302 | $12,423 |
| Natural Resources, Energy/Fuel And Utilities | $97,560 | $87,301 | $11,325 |
| Not-For-Profit/Charity | $75,928 | $74,237 | $6,867 |
| Oil, Gas And Alternative Energy | $102,241 | $90,494 | $13,316 |
| Public Sector | $70,301 | $69,338 | $4,168 |
| Retail, Consumer, FMCG, Food And Drink | $96,089 | $86,046 | $12,220 |
| Sales, Purchasing And Supply Chain | $82,464 | $74,306 | $10,613 |
| Transport, Distribution And Storage | $88,763 | $79,989 | $10,908 |
| Travel, Leisure And Tourism | $92,037 | $82,682 | $12,292 |
| Other | $94,032 | $85,362 | $12,430 |
| Full time student( not in employment ) | $94,032 | $85,362 | $12,430 |