Double certifications = massive moolah for accountants.

Accountants who hold both the CMA and CPA certifications in the U.S. earn an average of $38,000 more than their noncertified peers, according to the 2023 Global Salary Survey from the Institute of Management Accountants (IMA). The survey found that accountants with both certifications have a median base salary of $137,800, while those with only the CMA certification have a median base salary of $120,000, and those with only the CPA certification have a median base salary of $126,274. The survey also revealed that 17% of IMA members have a CPA, 13% have both a CPA and a CMA, and 58% have only a CMA.

The IMA survey also showed that globally, IMA members reported an average annual salary of $69,427 and an average total compensation value of $82,670. In the U.S., IMA members reported an average base salary of $133,033 and an average total compensation of $157,578. The survey indicated that the value of the CMA certification remains strong, with CMAs reporting higher job satisfaction and career opportunities. Additionally, the majority of IMA members reported rising salaries post-pandemic, and some CMAs believe their certification is now more valuable following the pandemic.

The Global Salary Survey surveyed 2,789 professionals, with valid responses from 2,572 individuals. The survey included respondents from 69 countries, with 39% identifying as female and 61% identifying as male.