Chartered Institute of Management Accountants report states 98 per cent of their students in India feel secure in their jobs

Updated on: Thursday, July 01, 2010

Ninety-eight per cent of CIMA students in India feel secure in their jobs and do not expect to face redundancy in 2010, according to the Chartered Institute of Management Accountants’ (CIMA) most recent global salary survey of its students. This statistic highlights the strong relevance of CIMA’s qualification to employers.

Only 12 per cent of Indian students anticipate a salary freeze in 2010. Last year, 48 per cent of Indian students expected salary freezes to impact upon their organisation, which could show the economic situation is steadily improving.

Fifty per cent of the students studying in India are satisfied with their current salary, which mirrors the global trend of 51 per cent. A key development from last year’s survey is that students have higher expectations and are not scared to accelerate their careers with 79 per cent of students in India seeking to get a new job in the next two years. Added to this, as many as 36 per cent of students in India plan to get a new job overseas. While an improved quality of life is still a key driver, there has been a shift in focus whereby students are looking at the strength of the economy and work-focused benefits, such as salary and career development, when considering their global career.

Throughout the recession bonuses were an obvious concern but students in India are confident of their abilities and 82 per cent anticipate receiving a bonus as part of their package in 2010. Interestingly, Indian students show a greater interest in learning a wide range of new skills compared to other students surveyed globally. The typical Indian CIMA student expresses an interest in an average of seven different new skill sets they would like to acquire.

Arati Powal, CIMA Representative, CIMA India, says: “The economic downturn did not really effect the confidence and prospects of CIMA students in India. We saw a record growth in our student numbers in 2009. The majority of our students felt job-secure last year. This year students are feeling even more confident in terms of their job role and financial worth. They are looking for better opportunities and salaries and to use this qualification for global mobility.”

Over 2,500 CIMA students from the UK, Ireland, Poland, Pakistan, the UAE, South Africa, Botswana, Zambia, Sri Lanka, Russia, Malaysia, India, Hong Kong, Mainland China and Australia completed the survey in February 2010.

Chartered Institute of Management Accountants report states 98 per cent of their students in India feel secure in their jobs

More Education news