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2017 was a year marked by uncertainty A new President took office in the United States, and corporate tax reform became a hot button topic. Britain triggered Article 50 to formally begin the Brexit process, with companies inside and outside the Eurozone trying to plan for several possible contingencies. And the global economy improved overall, growing at a greater rate than in 2016. While those in some regions of the world saw reasons to be excited, others had cause to be a bit more cautious and guarded.
So how did members of IMA® (Institute of Management Accountants) fare during this time? What kind of impact did events large and small have on their jobs and compensation? IMA's annual salary survey looks to provide answers to that very question, identifying trends in compensation and other job- and career-related factors among the global IMA membership.
62 COUNTRIES
The survey included a total of 2,420 usable responses coming from 62 countries across the globe. Figure 1 lists the countries that contained at least 1% of survey respondents along with their median salary and total compensation. (All monetary values are in U.S. dollar equivalents as of the time of the survey.) Similar to the composition of IMA's membership, the countries with the highest number of respondents are the United States (50%) and China (22.8%).
Table 1 summarizes the prominent demographics of all respondents from the various regions of the Americas, Asia, Europe, and Middle East/Africa. Consistent with prior years, more men responded to the survey than women. But the proportion of women did increase in some regions. In the Americas, it increased from 38% last year to 41% this year. And in Asia, not only did the percentage of female respondents increase from 46% last year, but the 51% means there were more female respondents than male respondents in that region.
Overall, more than half of the respondents (56%) hold the CMA® (Certified Management Accountant) certification, which is consistent with prior years. Last year, it was 55%. The Americas have the highest percentage of CMA respondents at 63%, which is up from last year's 58%.
The overall average age is 40 years old, which fits with the high percentage of respondents reporting to be in middle-management positions (42%)....