Home / HR/ Management accountants optimistic about future earning and learning

Management accountants optimistic about future earning and learning


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 26 September 2017 00:00


 

  • “Never a better time to be a management accountant”
  • Pay levels for management accountants are performing well against the backdrop of low global inflation.

 The latest annual salary survey from the Association of International Certified Professional Accountants reveals average earnings for qualified Chartered Global Management Accountant designation-holders in Sri Lanka is Rs. 2,173,000, rising by an average of 12% in the next 12 months.

Pay prospects for CGMA trainees are also bright, with students en route to full CGMA status believing their salary will go up by 15% in 2017/18. They are currently paid an average Rs. 460,000 a year.  

A strong focus on professional development in the accountancy sector was also shown in the survey, with a healthy desire by both qualified and student CGMAs to learn new skills, such as strategy and negotiation, to help their own careers and the organisations in which they work.

Association of International Certified Professional Accountants Regional Vice President, Asia Pacific Venkkat Ramanan said: “I remain optimistic that the transformation of business and finance functions will bring enormous opportunity for management accountants to show their value.

“Key to success will be an investment in continuous professional development. The survey highlighted the training needs to be on the strategic and soft skills that employers say will be critical to succeed.” 

Association of International Certified Professional Accountants Chief Executive – Managing Accounting Andrew Harding said: “Change is happening at unprecedented speed, and reshaping how business is done. There has never been a better time to be a management accountant. The skills and experience they use to overcome challenges and seize opportunities are clear for employers to see. This is reflected in the salaries and positions being offered globally.” 

More information on the survey can be found on the Association’s Salary Insights Tool, or https://salary.aicpaglobal.com/, where chartered global management accountants and CGMA students can compare their salary across the profession.


Share This Article


COMMENTS

Today's Columnists

Bringing beedi into tax net can yield Rs. 40 b in revenue

Tuesday, 24 October 2017

Last week, the Financial Times quoted an AFP article that stated Sri Lanka will start regulating the toddy industry to boost tax revenues from the informal sector. This same principle should be applied to the beedi trade, which has also grown unabate


Grade 5 Scholarship examination and the future of the country

Tuesday, 24 October 2017

The Grade 5 scholarship examination results have been released recently. Although this is known as the “Mothers’ exam,” the mentality of the children can be well articulated when children come from the examination halls after the exams. Today w


Need for tax reforms: Government should not lose it this time but go for them early

Monday, 23 October 2017

In the first economic policy statement, Prime Minister Ranil Wickremesinghe made a number of pledges related to taxes and tax reforms. One was that the Government would review whether the tax concessions given to investors have really delivered the e


Lessons from Geneva

Saturday, 21 October 2017

‘Mission Impossible – Geneva’ is an inspiring account of developments at the Human Rights Council in Geneva when Dayan Jayatilleka was our Permanent Representative there. It is written by his wife Sanja, which provides for fascinating insights


Columnists More