According to the Middle East Salary Survey released by IMA, the Institute of Management Accountants, a leading association focused exclusively on advancing the management accounting profession, and in an unexpected finding, two-thirds of Middle East accounting professionals are currently looking to change jobs. Professionals cite the desire for an improved salary and better quality of life as the main drivers behind their search for a new position. Following up on the 2010 report, the survey offers a perspective on how the rocky political and social turmoil has affected the profession.
Additional key findings from the report include:
- Nearly 46% of respondents said the greatest factor affecting job satisfaction was the relationship they had with their co-workers.
- Professionals holding the CMA (Certified Management Accountant) credential earn 50% more in salary and 41% more in total compensation than non-CMA-holding professionals.
- Only 19% of Middle East professionals have pension options.
- Risk management and information systems jobs are the highest paid, and those working in government accounting and public accounting are the lowest paid.
- 75% of survey respondents received a salary raise in the past year, 14% on average.
- Despite these raises, there is general dissatisfaction with compensation levels.
- Respondents worked 45.5 hours per week on average.
The full survey results can be found in the November edition of Strategic Finance here. IMA, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession.