CIMA members taking home average of nearly 60k
Three-quarters of members agree that CIMA qualification has helped better negotiate their salary
QUALIFIED CIMA MEMBERS are earning £53,309 on average this year in basic salary as well as £5,125 in bonus payments. Almost three-quarters of members who are newly qualified agree that the CIMA qualification strengthens their position in salary negotiations.
Part-qualified CIMA students in the UK are earning an average of £31,432 with £1,512 in bonus payments – nearly £22,000 less than their fully qualified counterparts.
34% of respondents predicted an increase in the overall profitability of business when asked about their predictions for the business environment over the next year, despite concern over the fate of the eurozone and the UK recovery.
Salary satisfaction has increased by 2% since 2011 among CIMA members, and now stands at 68%.
Satisfaction tends to increase for those who have years of experience – of those with 20 years or more of experience, 84% are satisfied with their salaries.
The average salary varies across the UK, with higher salaries paid in London and the south-east. In comparison to the UK average, members and part-qualified students alike can expect to earn approximately 20% more in London. This is due to bigger marketing, banking and financial sectors in the city, while the ICT, technology and telecoms sector accounts for higher salaries in the south-east.
Charles Tilley (pictured), chief executive of CIMA, said: “The potential for CIMA members and students to develop rewarding and dynamic international careers remains strong despite the many challenges facing the business community over the next 12 months.”