SINGAPORE, Aug 15 (Bernama) -- The Chartered Institute of Management Accountants' (CIMA) Annual Salary Survey revealed that average annual earning among qualified members here reached S$189,904 (S$1 = RM2.99) in 2016 and nearly half of its members were satisfied with their salaries.
In a statement today, CIMA said, the survey found that students in the process of gaining their CIMA qualifications received an average annual salary of S$86,778, translating into a monthly average of S$7,231.
It said the survey also showed that members and students here were positive about their salary development, with 94 per cent of the members and 96 per cent of students expecting an increase in the next 12 months.
On average, members expected their salaries to rise by 5.4 per cent, while students were more optimistic with an average anticipated rise of seven per cent, it said.
CIMA said on top of base salaries, members here who received a bonus (89 per cent) expected to receive, on average, 14 per cent of their annual salary, although 36 per cent anticipated a bonus of 20 per cent of their salary.
Meanwhile, students who received a bonus (85 per cent) expected an average of 12 per cent of their annual salary as bonus in 2016, it said.
The association said about 56 per cent of its members and 50 per cent of CIMA students here were likely to switch jobs and join a different organisation within the next two years.
"Financial reward is the main motivator (above 60 per cent), followed by scope of job role (above 50 per cent).
"For members, 30 per cent also cited job security as a possible reason for wanting to change jobs while 42 per cent of students cited challenging workload as a reason for change.
"Members and students also mentioned training and skills as a possible reason for switching businesses," it said.
CIMA South-East Asia Head, Shavonne Sim, said management accountants enjoyed good earnings, revealing their enduring value to businesses.
"This is a reflection of the importance of their skillset - they have an ability to help drive good decisions in the short, medium and long term, and help business leaders generate value," Sim said.
-- BERNAMA
In a statement today, CIMA said, the survey found that students in the process of gaining their CIMA qualifications received an average annual salary of S$86,778, translating into a monthly average of S$7,231.
It said the survey also showed that members and students here were positive about their salary development, with 94 per cent of the members and 96 per cent of students expecting an increase in the next 12 months.
On average, members expected their salaries to rise by 5.4 per cent, while students were more optimistic with an average anticipated rise of seven per cent, it said.
CIMA said on top of base salaries, members here who received a bonus (89 per cent) expected to receive, on average, 14 per cent of their annual salary, although 36 per cent anticipated a bonus of 20 per cent of their salary.
Meanwhile, students who received a bonus (85 per cent) expected an average of 12 per cent of their annual salary as bonus in 2016, it said.
The association said about 56 per cent of its members and 50 per cent of CIMA students here were likely to switch jobs and join a different organisation within the next two years.
"Financial reward is the main motivator (above 60 per cent), followed by scope of job role (above 50 per cent).
"For members, 30 per cent also cited job security as a possible reason for wanting to change jobs while 42 per cent of students cited challenging workload as a reason for change.
"Members and students also mentioned training and skills as a possible reason for switching businesses," it said.
CIMA South-East Asia Head, Shavonne Sim, said management accountants enjoyed good earnings, revealing their enduring value to businesses.
"This is a reflection of the importance of their skillset - they have an ability to help drive good decisions in the short, medium and long term, and help business leaders generate value," Sim said.
-- BERNAMA
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