Managements Accountants perform the pivotal tasks of gathering, analyzing and presenting financial data for internal use of higher level management in an organization. It is only on the basis of data provided by Management Accountants that decision makers are able to make important business decisions such as ‘make or buy’ decisions. These days every major organization considers Management Accountants as part of their key personnel. Apart from analyzing financial data, such professionals may also be required to help in preparation of financial statements and budgets.
Pursuing a Career as a Management Accountant
Accounting students who are interested in pursue Management Accountant Career need to have complete authority on basic accounting concepts; furthermore, their analytical skills must be highly refined because as Management Accountants they would be required to analyze financial information. Management Accountants play a key role in advancement of any organization as they are the ones who perform analysis and presentation of financial date to enable higher echelons of management to make good business decisions.
Management Accountant Career: Qualification, Courses, Training
The minimum requirement for becoming a Management Accountant is holding a Bachelor’s degree in Accounting and also holding the certification of CMA or Certified Management Accountant. Higher educational qualification will help in better progress in the organizational hierarchy. There are several other certifications such as the CPA and CFSA, which could be helpful for the career of a Management Accountant.
Management Accountant Career: Schools, Colleges, Universities
The following institutes and Accountancy schools are some of the most prestigious in the USA for Management Accountants.
- The Institute of Management Accountants
- University of Texas-Austin, McCombs School of Business, Austin, TX
- Stanford University, Graduate School of Business, Stanford, CA
- University of Illinois-Urbana-Champaign, Urbana-Champaign, IL
- University of Michigan-Ann Arbor, Ross School of Business, Ann Arbor, MI
- University of Chicago, Booth School of Business, Chicago, IL
- University of Pennsylvania, Wharton School, Philadelphia, PA
Management Accountant Career: Job Opportunities, Salaries & Recruitment
The US Bureau of Labor Statistics has estimated that with an industry growth at 22% from 2008 to 2018, things look very bright in the coming days for Management Accountants. Management Accountants receive a median salary of $59,820 per year.