CIMA’s second global members’ salary survey shows a demand for management accounting expertise.
Sectors currenly offering the highest salaries are oil, gas and alternative energy as well as the retail, consumer, FMCG, food and drink and transport sectors.
Recovery from the downturn is having a mixed impact on CIMA members. Malaysia and Australia show the most significant increases in average remuneration since 2009. But countries such as Sri Lanka and the UK have experienced only modest growth - less than 4% on average.
Salaries and bonuses
- Experience has a significant impact on remuneration. 58% of members with 20+ years experience are on salaries in the highest tier. By contrast 79% of members with one to three years experience are in the lowest salary tier.
- Just over 80% of accountants and management accountants are earning within the lowest salary band. The majority of CFO’s and financial directors are earning within the highest salary
Recruitment and retention
- Globally, benefits such as access to a pension scheme (received by 78%) and contribution/payment of CIMA fees (68%), are both rated as the most important benefits that members might receive (scoring an average of 4.6 and 3.7 out of 5 for importance respectively).
- 52% of members are thinking about a move in the next two years, slightly higher than the 46% recorded for 2009.
- Members remain concerned with economic uncertainly for the coming year. 45% are worried they may experience a pay freeze, although only 8% are worried about possible redundancy.