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Management Accountant

Management Accountant

Management Accountants are futurists who drive business strategy to generate and preserve value.

What's it like to be a Management Accountant?

Management Accountants are responsible for the sourcing, data analysis, communication and use of financial and non-financial information to make decisions that will affect the future of an organisation.

Tasks and duties

  • Collating information such as revenue, cash flow and outstanding debts.
  • Using financial and non-financial data to formulate a complete picture of how the business is going.
  • Advising stakeholders on the financial implications of significant decisions, business strategy and monitoring risk.
Combining skills in accounting, finance, management and business, Management Accountants assist in improving profitability and growth for firms and organisations.
The job responsibilities of a Management Accountant may vary widely depending on the place of employment and role within the company.

What can I earn as a Management Accountant?

The most common salary  for a Management Accountant is between $85k and $95k
Source: SEEK job ads and SEEK Profile data

How to become a Management Accountant

SEEK Learning
A bachelor's degree in the field of accounting is the most common requirement to work as an accountant, and a bachelor-level degree is required to be eligible for entry into any of the three professional accounting bodies that regulate and accredit the accounting industry in Australia.
  1. Complete a qualification in the field of accounting. Courses such as a Bachelor of Accounting or a Bachelor of Commerce are generally three-year courses, open to anyone over 17 years who has completed year 12 with an appropriate Universities Admission Index.
  2. Complete a CIMA (Chartered Institute of Management Accountants) Certificate in Business Accounting. If you have a relevant degree like accounting or business, you may be entitled to exemptions from some CIMA exams, which will allow you to progress onto the professional qualification sooner.
  3. Complete the CIMA Professional Qualification. The length of time this takes will depend on previous study and exemptions, however if you hold a masters or MBA in accounting, you'll just need to pass the CIMA gateway exam, which is a three-hour computer-based case study exam.

    Once you have completed the CIMA Professional Qualification, you will be awarded the Chartered Global Management Accountant (CGMA) designation.

  4. There are numerous opportunities for management accounts; consider becoming a finance director, chief executive, management consultant or running your own business.

Explore Management Accountant qualifications

Management Accountants are in demand across a wide range of industries. Find out what it's like to work for common employers in your state.

Duration 3 yrs - 6.5 yrs
16 institutions offering this qualification
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Duration 2 yrs - 6 yrs
23 institutions offering this qualification
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Duration 2 yrs - 7 yrs
26 institutions offering this qualification
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Source: SEEK job ads and SEEK Profile data

What skills are employers looking for?

Employers want:

  • Reporting
  • Written skills
  • Stakeholder management
  • Financial analysis
  • Certified practicing accountant

Shortlisted applicants:

  • Certified practicing accountant
  • Ms office proficiency
  • Accounting
  • Time management
  • Thoroughness
Source: SEEK job ads and SEEK Profile data

How do Management Accountants rate their role?

Latest reviews from 25 Management Accountants surveyed on SEEK

Latest reviews

4 out of 5Feb 2018
Reviewer's Qualification
Bachelor Of Commerce
Experience
5 - 9 years
Organisation size
Large (200+ employees)
Specialisation
Not applicable
The good things
Role is challenging and constant
The challenges
Challenging to learn new things
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Business
Experience
5 - 9 years
Organisation size
Small (1-19 employees)
Specialisation
Not applicable
The good things
The opportunity to work with closely with the directors/ceo on the specific goals of the business and implement controls and strategies to achieve such goals is very rewarding.
The challenges
At times it can be like putting together one big puzzle. The availability of relevant information can at times be a challenge. However, once a task has been completed, it can bring with it a great s...
4 out of 5Feb 2018
Reviewer's Qualification
CPA
Experience
10+ years
Organisation size
Medium (20-199 employees)
Specialisation
Not applicable
The good things
Contributing to the decision process of the business
The challenges
Very demanding
3 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Commerce &a Administration
Experience
0 - 4 years
Organisation size
Large (200+ employees)
Specialisation
Management Accounting
The good things
You will meet lots of different people as it is a high contact job. You will work with the business managers closely as you work to understand their business and work towards providing meaningful fina...
The challenges
The challenges in my role are the fact that due to it being heavily reliant on month-end processes, each month can seem very similar. However between month-ends are the time where you can have more va...
5 out of 5Feb 2018
Reviewer's Qualification
Chartered Accountant
Experience
0 - 4 years
Organisation size
Large (200+ employees)
Specialisation
Not applicable
The good things
Building relationships with people and getting an understanding of how the business works through these relationships
The challenges
Lack of communication and not being involved in business decisions until the last minute
5 out of 5Feb 2018
Reviewer's Qualification
Bachelor of accounting sciences
Experience
10+ years
Organisation size
Medium (20-199 employees)
Specialisation
Costing and budgeting
The good things
The job satisfaction is high, since key management relies on your expertise to come to important decisions
The challenges
The challenges are using your expertise as well as gut feel when preparing budgets and forecasts, you need to know your industry well and sometimes its daunting to know people will be making lifechang...
4 out of 5Feb 2018
Reviewer's Qualification
CPA
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Finance
The good things
Management accounting combines accounting, finance and management with leading edge system skills needed to drive successful businesses. A management accountant's role includes diverse responsibilitie...
The challenges
Being an management accountant requires strong grasp of maths. But just being good at number-crunching won't cut it; you'll need to be able to see the patterns in data and use past trends to make pred...
4 out of 5Feb 2018
Reviewer's Qualification
MBA
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Strategic Budget Analysis
The good things
A variety of analysis
The challenges
A very rewarding career
5 out of 5Feb 2018
Reviewer's Qualification
Master of Professional Accounting
Experience
0 - 4 years
Organisation size
Medium (20-199 employees)
Specialisation
Foreign Subsidiaries
The good things
The role is quite interesting and challenging as well. Dealing with foreign subsidiaries has taught me some new aspects in this role.
The challenges
You have to be quite detailed and proper time management is a must. The foreign subsidiary clients can be very demanding.
3 out of 5Feb 2018
Reviewer's Qualification
Graduate diploma of chartered accounting
Experience
5 - 9 years
Organisation size
Large (200+ employees)
Specialisation
Not applicable
The good things
This role provides you with exposure to a diverse range of stakeholders at different level and lets you use your analytical skills and professional knowledge to provide advice to aid decision making.
The challenges
It is hard to specialise and stand out in this role as it is fairly generic
Source: SEEK Role Reviews

What are the job opportunities for Management Accountants?

Find out how the job market is trending

Job opportunities

Management Accountant jobs on SEEK
Source: SEEK

Projected job growth

National increase over next 5 years
4%
2018
2023
Source: LMIP. Accountants
Latest Management Accountant jobs on SEEK
Marshall McAdam
Sydney > CBD, Inner West & Eastern Suburbs
This well-established Media powerhouse is looking for an experienced Management Accountant who is looking for a good work life balance.
Company logo
Entree Recruitment
Adelaide
Immediate start contract role for an experienced Management Accountant who can hit the ground running. Busy, dynamic role in a large organisation.
Talentpath
Brisbane > CBD & Inner Suburbs
Perennially high performing Mining giant seek high performing Project Management Accountant for 3 month contract to start ASAP
Menzies Aviation
Sydney > CBD, Inner West & Eastern Suburbs
We are currently seeking a Management Accountant that is eager to join our operation on a permanent full time basis.
Source: SEEK job ads and SEEK Profile data

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Source: SEEK job ads and SEEK Profile data

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