MORE OPTIONS
Refine Your Search
Refine Your Search

CIMA qualified? Choose your career route.

04 December 2014 Candidate Blogs / Career Advice
blog-image

Congrats. You’re CIMA qualified! Now what?

Sit back and watch the offers roll in? No. Step it up a gear to differentiate yourself from other newly qualified's (NQs) because you’re not alone. This is the time to think about your future and getting ahead of the competition.
 

Choose your career path now

 

CIMA prepares you for a career in business. As a newly qualified CIMA, typically your career path will follow either:
 

  • Commercial and strategic-biased roles

Utilising your analytical, planning (FP&A) and strategic skills, cross-function communication and providing key support to drive business performance.
 

  • Financial planning and managing risk


Utilising the technical elements of your studies and practical experience to develop into a finance manager, financial controller and ultimately finance director.


Decide your route first. How? What is your experience to date and do you need to expand your skill set?

Experience checklist

 

  • Who are your day to day interactions with?
  • Who are your key stakeholders?
  • What day to day engagement do you have in the business?
  • Is your experience practical or theoretical? Hint: Bulk up your practical – theory is not enough.


Do I stay or do I go?


Do you stay with your existing employer or take this opportunity to move? Ask yourself:

 

  • Have you had an internal review with regards to your career path?
  • Are your career ambitions in line with your company’s expectations of your potential progression?
  • Are you recognised for your success?
  • Do you want more?

 


So, what’s out there?


If you decide to move, it’s important to know what’s out there. Do you see yourself developing in the finance sector within a corporate company or an SME?  In the current climate, as a newly qualified CIMA these are your routes to market:
 

Corporate


The corporate tends to offer marginally higher salaries and more comprehensive benefit packages.

Commercial finance & strategy

Typical roles: Commercial Analyst | Business Analyst | Financial Analyst

Operate cross-functionally with other key stakeholders teams and departments.
Provide the link between finance and operations. 

Financial management

Typical roles: Finance Manager | Financial Controller

These positions are the more traditional management accounting roles.

This path is about career development through position and provides excellent direction up to Finance Director.
 

SME


Remuneration and benefits tend to be a marginally lower compared to the corporate companies.

Commercial finance and strategy

The larger SMEs offer commercial business partner roles but to a lesser extent than a corporate. The advantage of the SME is the potential for more varied and broader based roles that provide more in-depth experience that will add strong value to your new qualification and CV.

Financial management

The opportunity to secure a finance manager or financial controller role is greater in an SME.

Contrary to public opinion, the public sector and charity sector still offers excellent opportunities for the newly qualified CIMA. It is in fact the revamp and commercialisation of these sectors that has generated the demand to attract newly qualified CIMA talent. The analytical and financial business partner positions are there for the taking whether you have qualified from a commercial business or with existing skills in these areas.  
 

Salary expectations


Read our salary guide to see what you're worth.

This guide provides market insight into how salary levels vary across different sectors and which sectors offer the most opportunities for newly qualified CIMA candidates.
 

How do I stand out from the NQ masses?


First impressions count. Get your ducks in a row. Consistency across all the mediums through which you portray your skills is key. And yes, this includes your online brand. Pay as much attention to building your online brand as you do to writing your CV.

Here are some highlights:

  • Promote your achievements and how your role has developed.
  • Include details of your company, the turnover, costs, any direct reports and your systems skills.
  • Include details of any key stakeholders and the level of that engagement (don't forget to include your boss).


Think you’re done? What about the interview preparation. Your skills get you through the door but it’s down to you to sell yourself.

You’re in demand. You have the tools. It’s down to you to utilise them in the right way to develop your career. At Morgan Hunt, we can help you navigate your journey to success. Get in touch – call Rob Anderson on 0207 419 8909 or email [email protected].

JOBS YOU MIGHT LIKE
SEE ALL

Latest News & Views