Certified Management Accountants (CMA) have been the mainstay of multinational companies and prominent organizations. The job prospects of candidates with CMA certification have been increasing over the years. The year 2023 brings bright career opportunities for CMA candidates. Perhaps many students have understood this fact, those joining CMA courses in Dubai have shown an increasing trend.
You might require comprehensive preparation for the CMA exam. Otherwise, it would become a herculean task to qualify for the intricate CMA certification process. Get in touch with us if you are looking for a CMA course in Dubai. Let’s look into the future scope and opportunities of CMA in 2023 if you are ambiguous about joining the CMA course.
What is the Role of a CMA in a Company?
CMA is a highly responsible professional dealing with the financial aspects of an entity. The CMA’s performance has direct implications on the company’s economic development, decision-making, and strategy planning. Therefore, the management would handpick a CMA-certified professional only after meticulous evaluation. Nevertheless, once he or she becomes part of the company the Certified Management Accountant has a prominent role to play.
Accounting and Cost Management – A CMA professional is entrusted with the responsibility of planning the budget, forecasting expenditures and receivables, and controlling the budget overhead. A CMA would focus on increasing profit by reducing expenditure and instituting productive measures.
Guiding the Team for Better Productivity – Performance management in other terms is a prime responsibility of a CMA in the company. Identifying the processes that consume more energy, time, and money would introduce corrective actions. Similarly, the performance of the team members would be evaluated based on the established yardsticks. Corrective actions would be taken to eliminate the lacunae.
Decision-making for Investments and Expansion Plans – A CMA would study the investment options and identify the one that would yield the best return. The guidance based on the analysis would aid the company in decision-making on the investment plans. Further, the entity can also go ahead with expansion plans with the accurate budget data provided by the CMA. CMA courses in Dubai would enable the aspirant to qualify for the CMA exam and shoulder such higher responsibilities.
The other roles of a CMA-certified professional in a company include profitability analysis and reporting, internal controls, investment decisions, financial controls, planning, budgeting, and forecasting.
Career Prospects of CMA in 2023
The CMA course is undoubtedly one of the best career paths in 2023. The demand for CMA graduates has been increasing in the domestic and international sectors for quite some time. The fact to note here is that companies or employers are facing an acute shortage of well-qualified CMA professionals. That is why CMA courses in Dubai and other regions have been witnessing a high influx of students.
The CMA certification opens up boundless opportunities literally. Candidates can opt for private or public sector jobs, both in the domestic arena and abroad. The job opportunities at CMA include:
- Costing manager
- Cost accountant
- Junior finance associate
- Finance Analyst
- Financial controller·
- Corporate controller
The areas where a professional with CMA certification is necessary are finance, management, accounting, and research. As evident, these are the key areas for the sustenance and growth of a firm or organization. Making CMA candidates a vital part.
You are at the right place if you are thinking to pursue a CMA course in Dubai. Your Own has been successful in helping students to qualify for CMA courses quite excellently. We are proud to be the instrumental factor behind their growth as an individual. You would find Your Own alumni at significant positions in many prominent firms.
We invite you to join us for CMA Coaching in Dubai. We assure you of the best coaching. For more info, call us now.