Learn how the CMA® certification will equip you to excel in the rapidly changing accounting and finance industries while providing you with a host of career benefits and critical skills.
The need for highly qualified accounting and finance professionals in our global economy is increasing — fast. Over the past decade, the management accounting career has grown far beyond its traditional cost accounting and bookkeeping roots.
Management accountancy has blossomed into a thriving ecosystem of industries and leadership roles that rely on the advanced analytical skills of Certified Management Accountant (CMA) holders, making the certification an invaluable credential for 2025 and beyond.1
Future Trends in Management Accounting
The future of accounting is rapidly adjusting to advancements in environmental governance, artificial intelligence (AI), and global expansion.
These 3 trends influence every facet of the field, from new job opportunities and relevant skills to the structure of the CMA exam. This promises a thriving future for CMA holders as the industry moves beyond postmodernism into a more metamodern economy.2
Sustainability
An increased effort toward sustainable practices is actively reshaping management accounting as organizations prioritize environmental, social, and governance (ESG) goals on a colossal scale. Accountants are now tasked with green efforts such as integrating sustainability reporting into company financial strategies, balancing profitability with social and environmental responsibilities, and providing stakeholders with accurate and reliable information on their organization's sustainability performance.3
These new priorities reflect a broader trend in the field that has become non-negotiable for companies that want to keep up. Hiring managing accountants with these skills is no longer optional. It is a key driver in company decisions.4
Integration of Technology
Technological advancements are also transforming the accounting and finance landscape, with tools such as AI, data analytics, and automation revolutionizing how tasks are performed on micro and macro levels.
These innovations enable businesses to expedite workflow, anticipate future trends, and make more informed strategic decisions. As the field continues to embrace digital transformation, hiring accountants with advanced technology integration skills is essential for industries to improve efficiency and remain competitive.
Globalization
As businesses navigate progressively interconnected markets, the universally transferrable skills of managing accountants are in worldwide demand. These players have an increasingly crucial role in addressing the complexities of cross-border operations, adapting to diverse regulations, and supporting international growth for industries. Global relevance is reshaping the accounting profession, requiring businesses to rely on the versatile skills and adaptability of CMA holders on an international scale.
Increasing Advantages of CMA Certification
The CMA certification offers a competitive edge through its unmatched versatility. Unlike other, more specified certifications in finance and accounting, this credential is not limited by geography, role, or industry changes. It offers widespread applicability with lasting value well into the future. Here are some advantages:
Global Reach
The CMA certification is internationally recognized, opening doors to careers transcending country borders. It has a significant presence in North America, Europe, and Asia, with growing adoption in the U.S., Canada, the U.K., Germany, China, and India. It is also gaining new recognition in Latin America, Africa, and the Middle East.
By testing candidates' expertise in universally applicable accounting principles, the CMA eliminates the need for a re-certification requirement in different jurisdictions. Additionally, the curriculum is perpetually updated to strategically align with global business trends, making CMA holders an asset in the global market.
Role Flexibility
CMA holders are hired for many roles, from business analysts and financial controllers to executive positions, including chief financial officers (CFOs). The certification’s focus on strategic decision-making, technology integration, and long-term risk management enables professionals to transition horizontally across industries and advance vertically within their roles.
Top Careers for CMAs:
CMA holders fill various roles across a wide range of industries and fields.
Early Career Roles | Mid-Career Roles | Late-Career/Senior Roles | Specialized Opportunities |
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Learn more about CMA jobs, average salaries, and top responsibilities.
Career Security
The CMA certification safeguards against the uncertainties of a changing job market because the credential changes with the market. Institute of Certified Management Accountants (ICMA) regularly surveys current CFOs, controllers, and other accounting experts to identify the skills most vital for CMA success. ICMA’s findings then shape the extent and focus of updates to the CMA exam, as well as the expectations for those with the CMA certification.
Top employers recognize the unique value of the CMA and its ability to adapt to industry changes. This adaptability ensures that the credential provides dependable career security well into the future.
Industry Value in the 2025 CMA Exam
The September 2024 CMA exam updates come from ICMA’s most recent survey and are tailored to prepare you for the global transformation of management accounting. While constant changes to the CMA may initially feel like a disadvantage as a test-taker, it can be beneficial from a career standpoint.
Think of the CMA exam as a GPS system continuously improving to benefit you, the navigator. As industries evolve, new routes and obstacles emerge. ICMA’s job is to ensure that each new version of the CMA exam provides an updated, accurate roadmap of today’s ever-evolving business landscape, preparing future CMA holders to skillfully adapt.
While the exam structure remains almost identical to the previous version, the exam content has changed. Here’s how the new CMA keeps pace with industry trends.
Realigned Focus
The 2025 CMA exam focuses on topics accounting experts have identified as non-negotiable for industry success. The new CMA exam centers on the expanding and emerging areas directly impacting business, accounting, finance, and technology in 2025.
New themes include:
- Strategic planning and long-term solvency
- Ethical leadership
- Governance, risk, and compliance
- Continuous improvement over efficiency
- Big data concepts
- Emerging technologies
- Advanced data analytics
- Sustainability reporting
New Exam Content
The subjects tested on the new CMA reflect the top priorities of the current global market by introducing new topics and removing outdated ones.
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Skills Gained
The new CMA equips you with invaluable, transferable skills to stay ahead in a shifting economy. You'll be uniquely positioned to navigate complex challenges and drive strategic decisions across industries. This versatility and forward-thinking approach ensure you remain indispensable in your career.
Financial Management Skills | Analytical Skills | Business Acumen |
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Opportunities Beyond CMA Certification
While earning the CMA credential is a powerful achievement, it’s only the beginning of your career. The skills and expertise gained through certification open doors to diverse roles and leadership positions.
Ongoing Education
CMA holders are dedicated to continuous learning, a commitment reinforced by IMA’s requirement to maintain certification through 30 continued professional education (CPE) credit hours annually. This ensures you stay informed about industry trends, regulatory changes, and evolving business standards. By prioritizing ongoing education, you’ll showcase your value, making yourself highly sought after in a workplace that rewards expertise and forward-thinking professionals.
Continued Career Growth
As a CMA-certified professional, your certification sets the stage for long-term career advancement and leadership opportunities. CMA holders typically earn significantly higher salaries — up to 55% more than their non-certified peers — reflecting the value employers place on the credential. The CMA designation is also a powerful stepping stone to senior management roles, with many CFOs and executives leveraging its focus on strategic financial management.
Entrepreneurship
You'll also be well-prepared to start your own business or consultancy firm, offering valuable insights and solutions to clients. With your expertise in financial strategy, risk management, and analytics, you'll be uniquely positioned to address the challenges businesses face and provide advice for growth. This flexibility allows you to transform your core skills into a thriving, independent career.5
References
- Fiskal Finance. (n.d.). The evolution of the accounting industry: Past decade and future prospects. Retrieved from https://fiskalfinance.com/the-evolution-of-the-accounting-industry-past-decade-and-future-prospects
- European Proceedings. (2021). Environmental social governance reporting. European Proceedings. Retrieved from https://www.europeanproceedings.com/article/10.15405/epsbs.2021.04.81
- William & Mary Online. (n.d.). Environmental social governance reporting. Retrieved from https://online.mason.wm.edu/blog/environmental-social-governance-reporting
- Westford Online. (n.d.). Importance of sustainable accounting practices. Retrieved from https://www.westfordonline.com/blogs/importance-of-sustainable-accounting-practices/
- Institute of Management Accountants (IMA). (2023, October 24). FAQs: CMA 2024 [PDF]. Retrieved from https://prodcm.imanet.org/-/media/IMA/Files/Home/IMA-Certifications/CMA-Certification/FAQs-CMA-2024_Revised-10-24-2023.ashx