CIMA Qualified Salary: How much could you earn?

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CIMA is a globally recognised qualification, but it’s a tough one, and it takes quite a few years to complete, so is it worth it? Oh yes. Have a look at these jobs and see just how much you’re looking at earning.

Management Consultant

Management Consultants advise organisations on how they could improve performance or carry out strategic decisions. You’ll need to know every aspect of how an organisation works.

Just a few of the skills required are:

  • Commercial acumen
  • Business analysis
  • Project management

You could progress to roles including Senior Consultant, Manager or Director.

Average annual salary: £42,000

Business analyst

As a business analyst you’ll provide support to senior leadership teams for commercial decisions. You’ll need to have excellent analytical skills to build financial models for internal customers. You’ll also provide support for the CFO or COO.

Just a few of the skills required are:

  • Financial modelling
  • Business partnering
  • Risk management

Business Analysts need to have strong management accounting skills, as well as good communication skills. You’ll need to be able to explain complex financial information in layman’s terms.

Average annual salary: £52,000

Finance business partner

Finance Business Partners work alongside other business areas, supporting and advising their strategic and operational decision-making.

Just a few of the skills you’ll need are:

  • Commercial awareness
  • Communication and leadership skills
  • Financial modelling
  • Business analysis

As a Finance Business Partner you can progress to more senior positions such as Finance Manager, Finance Director or Financial Controller.

You’ll need core finance skills as well as strong soft skills because you need to be able to clearly explain financial information in a brief and meaningful manner.

Average annual salary: £52,000

Chief Financial Officer (CFO)

The Chief Financial Officer is part of the executive management team. You’ll need a wide range of knowledge and experience as you develop the financial well-being of an organisation.

You would be accountable for:

  • Financial planning
  • Operations
  • Financial information
  • Risk management

It’s likely that you would have gained experience as a Financial Controller before going into this role.

Average annual salary: £62,500

There’s no limit to how much you can earn

The above gives you a quick snapshot of your earning potential, but because CIMA is known around the world, you can work anywhere. Whether you’re interested in football or fashion, every industry needs finance. And there are some areas of the world that offer even higher salaries. With experience, who knows where being qualified could take you?

Boost your career earnings with a CIMA qualification. Try an Eagle distance learning course free for 7 days.

*Average salaries taken from https://www.totaljobs.com/salary-checker/
Average salaries* are as of April 2020.