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What after CMA?

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  • Sep 3rd, 2010 11:27 am
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Banned
May 6, 2008
270 posts

What after CMA?

So, I see most people in this forum are just a few months away from getting their CMA Designation.. Once you get your designation, what are going to be your next steps?

- Are you going to seek a promotion ( either in terms of position or salary increase) and how much?

- Are you going to continue studying and if so what are you going to pursue?

Thanks
13 replies
Penalty Box
User avatar
Oct 13, 2009
10589 posts
1605 upvotes
Iqaluit, NU
I'll be done in June 2011. MBA is next up for me. Either Ivey or Laurier.
Jr. Member
Aug 16, 2010
171 posts
4 upvotes
Kingston, ON/ Missis…
Well as opposed to the previous poster I am done with MBA and same as the previous poster will be done with CMA in june 2011...

As it looks right now, I pobably will be switching jobs...( since I am paying for my cma myself I do not have to stick aound)
Newbie
Sep 4, 2006
29 posts
I'll be done June 2011 too, although I'll be a few months short of work experience, so probably end of 2011...

I'm looking at CFA if it helps my next job.. same as Mariat, I'm paying CMA myself. Looking forward to a new position next year
Deal Fanatic
User avatar
Jun 11, 2001
7697 posts
320 upvotes
just curious... when a company pays for your cma/mba what are the expectations that you stick around? I know a few accountants from our company that once they finished their CGA they jumped shipped less than a year afterwards... i don't blame them as it's the best way to get a 10-20K raise. -sg
Mariat wrote:
Aug 22nd, 2010 10:30 pm
Well as opposed to the previous poster I am done with MBA and same as the previous poster will be done with CMA in june 2011...

As it looks right now, I pobably will be switching jobs...( since I am paying for my cma myself I do not have to stick aound)
...zzz...zzz...zzz...

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Penalty Box
User avatar
Oct 13, 2009
10589 posts
1605 upvotes
Iqaluit, NU
6 months from the date of last course payment in my company (insurance). If we leave earlier the amount will be deducted from our last pay.
Jr. Member
Aug 16, 2010
171 posts
4 upvotes
Kingston, ON/ Missis…
sleepyguy wrote:
Aug 23rd, 2010 2:06 pm
just curious... when a company pays for your cma/mba what are the expectations that you stick around? I know a few accountants from our company that once they finished their CGA they jumped shipped less than a year afterwards... i don't blame them as it's the best way to get a 10-20K raise. -sg
It depends...lots of companies ask you to sign something stating that u stick around for coule of years...Either way they do expect u to stick around if they pay for ur education ( but who can blame someone who didnt sign anything and left for 10K raise?!)
Deal Addict
User avatar
Aug 28, 2007
1742 posts
112 upvotes
sleepyguy wrote:
Aug 23rd, 2010 2:06 pm
just curious... when a company pays for your cma/mba what are the expectations that you stick around? I know a few accountants from our company that once they finished their CGA they jumped shipped less than a year afterwards... i don't blame them as it's the best way to get a 10-20K raise. -sg
Upon entering the SLP (and asking my company to pay for it) they pretty much slapped the golden handcuffs on me and asked me to stick around for an additional 18 months after completing the program.

If I chose to leave prior to that date, I would be required to repay 50% of the cost of the program. (~$4K)

I've already been approached by another organization offering me what will essentially be a $20K increase from my current salary, but since the company is in the process of changing locations, that move isn't slated to occur until Sep/Oct, once the move has taken place.

So the math is pretty easy (for me, at least).

I'll happily repay my company the amount that I'm liable for. The alternative is sticking around at my current employer knowing that they have no intention (nor feel any obligation) to increase my salary to a competitive level. The opportunity cost is just too great to ignore.
Newbie
Jul 26, 2009
90 posts
7 upvotes
selarion wrote:
Aug 22nd, 2010 10:37 pm
I'll be done June 2011 too, although I'll be a few months short of work experience, so probably end of 2011...

I'm looking at CFA if it helps my next job.. same as Mariat, I'm paying CMA myself. Looking forward to a new position next year
After my CMA next May, I'm looking at a CFA too while I'm still (relatively) young. Not sure if I want to be an accountant for the rest of my life.
Member
Nov 8, 2007
383 posts
9 upvotes
Ottawa
CMA graduate in 2008 and I am starting to look for something to do but not sure what. I know a few people who have completing the MBA but it doesn't look like its going to add a lot of value since I already have a B.Com.

I am thinking about the CMA IFRS Cert. but I will not actually be applying what I will learn anytime soon in my current position. Masters of Public administration is another option I am looking at.
Jr. Member
Sep 13, 2008
135 posts
4 upvotes
Babbsy wrote:
Aug 23rd, 2010 3:31 pm
CMA graduate in 2008 and I am starting to look for something to do but not sure what. I know a few people who have completing the MBA but it doesn't look like its going to add a lot of value since I already have a B.Com.

I am thinking about the CMA IFRS Cert. but I will not actually be applying what I will learn anytime soon in my current position. Masters of Public administration is another option I am looking at.
Out of curiosity, what is your position now? MBA, MPA and IFRS specialist seem pretty disparate to me.
Sr. Member
Sep 26, 2007
841 posts
18 upvotes
I will be a CMA in 2011 as well.

I won't be doing further school and will be focusing on my part time business plus full time career. I've already done CFA L1, was thinking of finishing it, but I just don't see the value in doing the extra two levels at all.
Newbie
Aug 22, 2010
7 posts
Toronto
Hello Everyone,

I have enrolled in the CMA Program hoping to increase my value to employers, but have not been able to find something.

Any insight on finding accounting jobs are appreciated :)

Jessgirl
Member
Nov 8, 2007
383 posts
9 upvotes
Ottawa
So is anyone starting aything this fall? I have decided to concentrate more adding marketable responsibilities to my employment.
Not sure an MBA or masters Public Admid would increase my salary. Being in Ottawa learning french is pretty much the best hope I have to really increase my salary and I am not sure I want to learn it.
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