Accountants in the U.S. who earned the CPA and CMA designations make more than $38,000 than their noncertified counterparts, according to the 2023 Global Salary Survey from the Institute of Management Accountants (IMA).
According to data from IMA members surveyed in the U.S. and Canada, management accountants who are both CPAs and CMAs have a median base salary of $137,800 compared to $99,375 for accountants who hold neither certification.
The IMA surveyed more than 2,500 accounting professionals from 69 countries. The survey found that 17% of IMA members have a CPA. The results also showed that 13% of members have both a CPA and a CMA. Four percent have only a CPA, and 58% have only a CMA. Twenty-five percent have neither. Read more.