Career Development

Career Development

Career progression is dependent on sucessfully completing Chartered Institute of Management Accountants (CIMA) qualifications. Post-qualification promotion will depend on experience and skills developed, such as management and transferable skills like communication and team work. Experience of working on specific projects may be used to gain specialised expertise or to enable a move to a more strategic role in general management. Mobility will aid advancement – it may be necessary to look outside a company to gain promotion (if opportunities are limited within). Some larger employers will encourage transfers as professional development. They may also require frequent moves to different locations while training, in order to gain maximum exposure to the business. The skills acquired from studying the CIMA examinations, combined with related experience, can open up other career options. CIMA members also work in management consulting, business analysis and project management, for example. Progression can be to senior positions such as finance director and possibly chief executive.

Typical Employers

These include all types and sizes of industrial, commercial and public sector organisations. Currently (July 03), one third of Chartered Institute of Management Accountants (CIMA) members work in the banking, finance, insurance and other financial services sector. Other employers include:
 manufacturing;
 utilities;
 retail;
 local and central government.
There are more than 20,000 companies worldwide employing CIMA students.
For details on working in a variety of different industry sectors, see the AGCAS Sector Briefings series, available in your university careers service, or on the Prospects website. All of the sectors profiled could employ management accountants, from voluntary organisations to international companies.

Sources of Vacancies

 Prospects Today;
 Prospects Finalist;
 Accountancy Age;
 Prospects Directory;
 The Hobsons Directory;
 Hays Personnel
 national and local press.
Vacancies are sometimes handled by recruitment agencies. They are most often used for part-qualified posts and are useful for relevant degree holders. Agencies with a financial bias will also handle training vacancies and may be a good source of positions with smaller companies, as well as large multinationals.

Related Occupations

 Chartered accountant
 Chartered certified accountant
 Chartered public finance accountant
 Corporate treasurer
 Company secretary
 Financial manager