CIMA’s first global member and student salary surveys have produced compelling results. By Michelle Taylor, market insight executive, CIMA.
Our 2009 member and student salary surveys show the real and significant benefits of going on to CIMA membership.
Around the globe, ACMAs earn 72% more than students on average - with Sri Lankan members earning more than two and a half times as much as students, and Malaysian and South African CIMA members earning double.
The greatest difference in salaries came when comparing students with fellows. Globally, FCMAs earn 169% more on average than a CIMA student. This shows that it really does pay to become CIMA qualified and progress to fellowship.
Bonuses
Bonuses also increase significantly when people become CIMA members.
Our surveys showed that average anticipated bonuses among CIMA students were equivalent to 5% of student salaries in 2009, compared to 9% amongst members.
Bonuses were greater for members in all countries except Australia, where students and members were expecting to receive bonuses equating to 6.9% of their salaries this year.
Read all the salary survey findings and country specific reports.
Staff benefits
Not surprisingly, CIMA members will typically have progressed further in their careers than students. And, with the exception of study related benefits such as study leave and bonus or pay rises as an incentive for passing exams, members are also better rewarded in terms of the staff benefits they receive from their employer.
Other than study related benefits, pensions and bonuses are the most sought after benefits globally. 63% of CIMA students receive a company pension as part of their benefits package compared to 76% of members. 45% of students receive a bonus compared to 60% of members.
Satisfaction with salary and benefits
Globally, 58% of CIMA students are satisfied with their remuneration packages, compared to 73% of CIMA members. In terms of benefits, satisfaction levels are higher than with remuneration packages, with 68% of CIMA students satisfied with their benefits package compared to 82% of members.
Job security
Despite the recession and the toughest job market in decades, one thing that both CIMA students and members have in common is their level of job security, with 87% of CIMA members and 83% of students confident that they will keep their job over the next 12 months should they choose to do so.
Contact us
You can contact us with your feedback and suggestions for Velocity at velocity@cimaglobal.com.
October 2009