Best IMA Job Opportunities for US CMA in Canada | Salary and CMA Jobs in Canada

Jobs like Audit roles often require a CMA certificate, which is recognized globally for its rigor and credibility. Earning a CMA certificate can be particularly advantageous for those with several years of work experience in the accounting field. With years of work experience and a CMA certificate, professionals are well-equipped to handle complex audit tasks and advance their careers internationally.

Key Takeaways

• CMA USA Opportunities in Canada

• IMA CMA salary in Canada

• the Indian CMA salary in Canada

CMA USA Opportunities in Canada

The US Certified Management Accountant, or CMA (IMA), is one of the most prestigious qualifications in management accounting. The CMA certification is well-recognized all around the globe. Hence, the job opportunities for a CMA USA are not limited to one country or even one continent. You can do the CMA USA accredited by the Institute of Management Accountants in India and get a management accounting job anywhere around the world, whether it be in the US, Europe, or Canada. 

For this article, we will narrow down our focus to the CMA opportunities in Canada for a CMA-certified accounting professional. There are plenty of opportunities,, as various firms are also looking for individuals with CMA USA certification. Not only Canadian, but the American firms who do business in Canada prefer employees with CMA USA certification.

It might not be an easy task to crack the CMA USA certification exam, considered extremely difficult and comprehensive, on your own. A well-organized and comprehensive CMA USA course from a reputable institute can help anyone successfully pass the CMA exam on their first attempt. This would open a large pool of opportunities for you. Talking about opportunities, let us get back to the CMA jobs and salary structure of certified CMAs in Canada.

What are the US CMA opportunities in Canada?

Both the US and Canada are on the same continent and are neighboring countries. Hence, both countries have a significant impact on each other and each other's job markets. In this case, if one country approves a qualification, the other countries accept it directly or indirectly. A huge number of companies work in both countries simultaneously, further integrating the job markets of these countries. 

Imagine a company working in the United States, hiring CMA-certified accounting professionals. Now, when that company starts its operation in Canada, they still want US CMAs to manage their operations. Such companies had created a lot of demand for the US CMA certification in the country of Canada. 

Even many Canadian companies are looking for individuals with US CMAs, further adding to CMA opportunities in Canada. The sweetest part, with higher demand, is the higher salary. As per the payscale website, the average salary for a US CMA-certified accounting professional is around 90 grand in Canadian dollars. The work of a CMA is quite an important one, thus justifying the higher salary.

Overall, we can say that the job prospects for an accounting professional with CMA (IMA) certification in Canada are looking quite positive. One can find high-paying accounting jobs in Canada, by adding the CMA US to their business card.

What is the IMA CMA salary in Canada?

The CMA opportunities in Canada are booming. The high demand for CMA-certified professionals drives their high salaries in the Canadian job market. The average CMA salary in Canada hovers around the C$98k/yr mark, which is quite higher as compared to many other professions.

With the above figure from PayScale, the US CMA salary in Canada per month will turn out to be more than 8,000 Canadian dollars.

What are the opportunities for CMA job in Canada?

The CMA US certification focuses more on managerial accounting, financial management, and accounting for big companies. US CMA opportunities in Canada are more focused on the managerial department of a company. 

Managerial posts are positions of very high importance in a company; employers don't want to take just any accounting professional for the job, but the top of the cream. As the CMA US examinations are super tough to get through, it ensures employers that the individuals they are hiring are excellent in their field.

Hence, there is a high availability of experienced as well as CMA USA freshmen jobs in Canada, in the management part of the corporate world. You can get the prestigious US CMA opportunities in Canada, and even reach C-level positions, like that of CFO (chief financial officer), in the corporate world by having a CMA certification and good enough experience.

Let us walk you through all the possible CMA opportunities in Canada, available to a US CMA-certified accounting professional and what salary you can get at those job titles.

1. Finance Manager

According to PayScale, the salary of a Finance Manager with a CMA US qualification can range from $65,000 to $110k in Canadian dollars. 

The finance manager is a mid-level position in the corporate world. As a finance manager, you have to deal with both the clients and the upper management. Hence, you need to obtain communication skills as well as technical skills to effectively do your job as a finance manager.

You will be in charge of making every small and big operational decision for the company and will be responsible for budgeting, forecasting, etc. 

2. Financial Analyst

The job title is somewhat self-explanatory. As a financial Analyst, you are responsible for the preparation and tracking of the company's financial reports. The Financial Analyst does a deep analysis of these reports and results to find out the best possible way to increase the company's productivity. 

The average salary for a financial analyst with the CMA (IMA) certification is around C$67,410. But In the domain of financial analysis, you can grow really fast and can get promoted to senior Financial Analyst relatively faster. The average salary for a Senior financial analyst in a Canadian firm hovers around C$81,191, one of the pretty decent CMA opportunities in Canada.

3. Financial Controller

The controller plays a crucial role in any company, as he/she is responsible for all aspects of the company's finances. As a Finance controller, you must know every aspect of finance and have to serve as the financial backbone of a company or a single department. The daily responsibilities of a financial controller can vary quite a lot depending on the company, but they generally include performing administrative tasks, conducting internal analysis and reviews, formulating financial strategies, analyzing financial reports, and so on.

The average salary of a Corporate Controller or Finance Controller in Canada is C$100,363.

4. Chief Financial Officer

The CFO or Chief Financial Officer, is the highest position a company can achieve in the finance domain. A CFO is the head of finance for the whole company, which is one of the best CMA opportunities in Canada to grab. He/she monitors all the financial activities and takes action accordingly. The position holds significant influence in the organization. It is the dream job position for every qualified Management Accountant. 

The US CMA certification will equip you with all the knowledge in finance and management required to become a CFO and manage the entire company's financial performance. However, the CMA can only provide you with the knowledge; it still takes several years to develop the skills necessary for being a CFO. 

In Canada, on average, a CFO earns around C$144,271/year, making it one of the most attractive jobs in the field.

What is the Indian CMA salary in Canada?

The salary structure differs as per the certification you have acquired as an Indian. You can either have the CMA US certification accredited by the IMA (Institute of Management Accountants) while being an Indian citizen, or you can have the CMA India certification which is accredited by the ICMAI (Institute of Cost Accountants of India).

The US CMA (IMA)-certified Indian individual can get an average salary of C$75,000 per year. Whereas, an Indian CMA (ICMAI) can get an average salary of C$55,000 per year. 

Conclusion

The US CMA is the most sought-after certification in the field of Management Accounting, not only in the USA or Canada but all around the world. Hence the Job prospects for a CMA always look great. 

Completing the CMA course and obtaining the CMA designation can significantly enhance your career prospects. This certification, recognized globally and particularly in Canada, opens up a wide range of career opportunities in areas like cost management, strategic financial management, and financial accounting. The CMA designation is also well-regarded by US CMA professionals and is essential for those looking to advance in internal and external audit roles. With the CMA review course and preparation for the US CMA exam, candidates can ensure they meet the eligibility requirements and excel in their career path.

Individuals are preparing for the CMA exam by enrolling themselves in top institutes like NorthStar Academy (NSA). We, at NorthStar Academy, recommend pursuing the CMA USA certification for individuals who want to work in Canada.

CMA opportunities in Canada, or any other part of the world, are endless. Given the lower supply of CMA-qualified accounting professionals in Canada and the ever-growing demand for CMAs by multinational companies, you most probably will be able to get a good enough package. 

If you join the courses at NSA, you will get guidance from India's top mentors, such as M.Irfat Sir, an experienced expert and tutor in this field. We provide the best 12-sectioned  review material to cover every corner of your syllabus. In case you need to learn more about the CMA US or other courses, feel free to connect with the expert team at +918147470707 or fill in the form to connect later - Query Form.