What does a Chartered Management Accountant do?
The preparation, development and analysis of financial information for an organisation’s management team to use when making well-informed decisions, which helps to secure future stability, growth and profitability. A chartered management accountant’s role is to analyse the performance of a business and advise on how to prevent problems, adapt to changing circumstances and improve value.
Applications are now open for our undergraduate and postgraduate courses, including online, part-time and business options.Discover our business courses
What skills does a Chartered Management Accountant need?
- Commercial awareness and an understanding of how businesses work and manage resources
- Numerical skills
- The ability to clearly explain complex information in layman’s terms to a range of stakeholders
- Professionalism and the ability to remain impartial
- Excellent oral and written communication skills
- An understanding of accounting technology
- Project management skills and the ability to lead
- Strong teamwork skills and the ability to work with colleagues including non-finance members of staff
- A logical approach to work, as well as analytical and problem-solving skills
- Organisational skills and the ability to work to deadlines
- Motivation to complete studies whilst working.
How to become a chartered management accountant?
To become a chartered management accountant you’ll need a professional qualification with the Chartered Institute of Management Accountants (CIMA). This career is open to all graduates, no matter what subject your undergraduate degree is in. However, if you’ve studied a relevant degree, such as accounting or business, you may be able to skip certain CIMA exams.
How much do chartered management accountants earn?
Entry-level chartered management accountants earn between £28,000 and £33,000 after passing professional exams. Experienced professionals earn between £40,000 and £45,000, depending on location and company. Senior chartered management accountants could earn around £65,000.
For more information on jobs and what to expect from this career, please visit some of the most widely used sites for careers support.
Find out how we can support you to get the best start possible to your career.Discover more
Find out more about us including our mission and vision for the future of education.Discover more