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.
