CIMA students are feeling confident about their future job security, according to the latest global CIMA (Chartered Institute of Management Accountants) Student Salary Survey revealed today.
Over 90% of students surveyed do not expect to be affected by redundancy during 2011 and nearly two thirds remain confident enough to consider a job move in the next two years. The theme continues when it comes to the number of students who think the profitability in their organisations will fall in the coming year reducing from 52% in 2009 to 14% in 2011.
The survey shows the growing confidence students have in the strength of the economy and in the resilience of business on a global scale. In 2009 64% of students said they were expecting to see organisational budget cuts the following year. In 2011 this has fallen to 33%.
CIMA students are feeling confident that the worst of their organisation’s cutbacks are over with 24% saying they do not expect a recruitment freeze to happen this year – this is down from last year.
Andrew Harding, Managing Director, CIMA, commented: “The survey reflects the strength of the CIMA qualification and how its unique focus on business offers our students a great sense of confidence and job security. With continuing economic uncertainty in many regions around the world, students believe CIMA’s professional accountancy qualification is the best way to develop their careers in a global environment.”
This year over half of those surveyed said they were satisfied with their current salary and over half are expecting to receive a pay increase this year. This reaffirms the strong relationship that exists between CIMA students and their employers.
The qualification is seen as being adaptable with 82% of students saying that it will enable them to move across all areas of a business. And 95% believe that studying for the CIMA qualification will provide greater career opportunities.
Over 13,000 students from the UK, Australia, Botswana, China, Hong Kong SAR, India, Ireland, Malaysia, Pakistan, Poland, Russia, Sri Lanka, South Africa, UAE and Zambia completed the survey in February 2011.