“Salary Was Never Below R70k”: CIMA Accountant’s 23-Year Career Growth Stuns SA

• A TikTok content creator shared insightful details about a CIMA accountant's impressive salary progression, revealing how strategic career choices led to a current package of R176,000
• The finance professional's journey includes 23 years of experience, with only five months of total unemployment due to maintaining high salary standards
• South African social media users, particularly aspiring accountants, debated the merits of CIMA versus CA(SA) qualifications after seeing the salary breakdown

Content creator @lifereset_za, known for sharing valuable career and salary information, revealed the impressive salary details of a seasoned CIMA accountant. The video breaks down a comprehensive total cost-to-company package of R176,000, showing the potential earnings in the management accounting field.

Watch the TikTok video below.

Breaking down the numbers

The detailed breakdown shows a basic salary of R113,878, with additional benefits including a car allowance of R27,372, pension contributions of R12,000, and a net take-home pay of R77,704. The professional's strategic career choices, focusing on multinational companies, have contributed to this impressive compensation package.

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The Chartered Institute of Management Accountants (CIMA) represents the world's largest professional management accounting body. CIMA-qualified professionals are trained beyond traditional accounting, focusing on strategic business decisions and operational management, making them valuable assets to multinational corporations.

Social media reactions

@maseanatsomagaban advised:

"Don't waste your time. Go for CA(SA). A chartered accountant can do what a CGMA can do, but a CGMA can not do what a CA can do."

@VK observed:

"23 years? Makes sense then, Most CA SA gets that with 3 years post article experience!"

@thendo_masola shared:

"With 23 years of experience it makes sense. Newly qualified CA's with two years post qualifying experience are earning a million per annum🥲"

@leeyhaG inquired:

"What degree do you do for CIMA? like explain the process coz I'm in my second year bcom accounting."

@MajolaNomthandazo🥰 declared:

"I'm not going to quit on this route🥺"

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Source: Briefly News