more-arw search

Total Compensation For Accounting Finance Jobs Rises In 2011, Says IMA Survey

The total compensation given to members of the professional association Instit

The total compensation given to members of the professional association Institute of Management Accountants (IMA) rose in 2011, according to a survey conducted by the organization. IMA is one of the most highly revered organizations that makes creating progress in the management accounting profession a priority.

The IMA's 2011 Annual Salary Survey, which is contained in the June edition of Strategic Finance magazine, indicates that the total compensation provided to members rose 0.9 percent during the year, even though salaries declined by 0.2 percent.

Members reported an average total compensation of $129,591 in 2011, which was slightly higher than the 2010 figure of $128,486. The average salary reported by these participants was $109,001 in 2011, which was down from $109,265 in the previous year.

The survey also revealed that people who held a professional certification such as a certified professional account designation reported higher compensation.

"Now more than ever, properly trained and certified accounting professionals working in business are in demand, and the findings of IMA's Salary Survey prove it," Jeff Thomson, CMA, IMA president and chief executive officer, said in the statement. "Certification helps organizations ensure they have highly qualified talent, and provides accountants with greater career options and earning potential."