Post on 05-Oct-2020
CIMA India part qualified salary survey 2010
CIMA salary survey 2010 – India
Foreword 1
Executive summary 2
Main findings 4
Salaries and bonuses 4
Size of business 4
Sector 5
CIMA level 5
Future 6
Recruitment and retention 7
Satisfaction with salary 7
Satisfaction with benefits 7
Benefits received 8
Importance of benefits 9
Working hours 10
Skill set requirements 11
Geographical mobility 12
Extent of movement 12
Top destinations 13
One word to describe CIMA difference 14
Country specific salary information 14
Technical information 15
Further information 15
Global contacts 16
1
Foreword
On behalf of the Chartered Institute of Management Accountants
(CIMA), I would like to welcome you to our second global part qualified
salary survey. The results in this report will provide you with an insight
into the current employment experiences and career aspirations of the
business leaders of tomorrow – CIMA’s Indian student base.
Despite ongoing economic instability in many regions around the world,
our report shows a strong relationship between our students and their
employers. Businesses are looking to their professionally-qualified
management accountants to help guide them through the recession
and on to sustainable success. This gives our students a greater sense of job security than those
studying for many other professional qualifications.
Our global survey clearly shows that most of our students believe they are recession-proof. 92%
do not anticipate being affected by redundancy in 2010. This response could also reflect an
increasingly optimistic view of the general economic conditions: this percentage is even higher
than the level of confidence felt by students in last year’s survey (83%). Moreover, nearly two
thirds are feeling positive enough to make a job move in the next two years, although, with this
feeling of security comes higher expectations. This year, just 51% of students are happy with
their current salary compared with 58% in 2009. The drop could indicate a greater sense of
professional value as the downturn lifts.
This report which focuses on CIMA students in India, identifies a number of important trends.
In India, the average annual earnings package is Rs.8.8 lakhs. Although the number of students
satisfied with their salary is down on last year’s figure from 60% to 50%, satisfaction with
benefits has increased slightly from 56% to 61%. However, job security and satisfaction is good
in India with just 2% worrying about redundancy and 82% expecting to receive a bonus this
year.
Our Indian students’ confidence in their professional value is demonstrated by the fact that
79% are planning to change jobs over the next two years and 36% hope to find work abroad.
Moreover, they also show a greater appetite for continuing professional development than
students in any other country. On average, Indian students expressed an interest in seven new
skill areas.
Overall, the global survey reinforces the fact that a growing number of students are finding that
CIMA’s professional accountancy qualification is the best way to develop their career potential.
In 2009 we saw a second year of record student growth and, for the first time, a majority of our
new students (56% of the total) were based outside the UK.
Please read through the following pages to find further snapshots of our students’ working lives.
I hope you find it informative reading.
Charles Tilley
Chief Executive
CIMA
2
Executive summary
Until the recent global downturn the Indian economy had seen an impressive period of
strong growth. Between 2005 and 2008 GDP grew by more than 9% each year according to
the Reserve Bank of India estimates. However, global turmoil has nevertheless had an impact
on India with growth slowing to 6.7% during the first three quarters of 2009.
Of course, given the fact that other major world economies in North America and Europe
have experienced actual recession, the performance of the Indian economy has held up well.
Nevertheless, until the global economy is more fully recovered, growth is likely to remain
limited to well below the 9%+ rates experienced prior to 2008.
The second annual global salary survey of CIMA students was carried out in February 2010. A
total of 2,563 employed students (who had sat an exam within the last two years under the
2005 CIMA qualification structure) contributed to the survey of which 154 responses were
from India. This report summarises the results of this survey with a particular focus on India,
looking at how recent economic events are impacting on salary levels and benefit packages
experienced by CIMA students working there.
Salaries and bonuses
• The average basic annual salary for CIMA students in India is Rs.8.1 lakhs.
• The average bonus received is Rs.0.7 lakhs, which when combined with the basic salary
provides an overall remuneration package of Rs.8.8 lakhs.
• 82% of students anticipate receiving a bonus in 2010; the average bonus expected for
these students is Rs.0.8 lakhs.
• 50% of CIMA students in India are satisfied with their salary compared with 60% in 2009.
• Satisfaction with benefits has increased to 61% for students; up from 56% in 2009.
• Only 12% of Indian students worry that they might experience a pay freeze this year and
2% worry about possible redundancy.
3
Recruitment and retention
• The benefits most commonly provided by employers in India are healthcare (43%), bonus
(36%), mobile phone/Blackberry/PDA (34%), life assurance (29%), and daily subsidised
food (25%).
• The benefits that CIMA students place the greatest value on are healthcare, bonus, life
assurance, and pension.
• Students typically work a 48 hour week, with only 11% working less than 40 hours per
week.
• In terms of future skill requirements, leadership (66%), personal development
(58%), decision making (57%), strategic planning and implementation (56%), and
communication (55%) are the most sought after.
Geographical mobility
• Only 21% of CIMA students in India plan to stay with their current employer over the
next two years. 44% plan to move to another employer in India, and as many as 36%
plan to find work overseas.
• Those students looking to work overseas often favour other English speaking countries, in
particular the UK, the USA, Australia and Canada.
4
Main findings
Salaries and bonuses
The average basic annual salary for CIMA students in India is Rs.8.1 lakhs, plus a bonus of
Rs.0.7 lakhs, producing a total average annual package of Rs.8.8 lakhs in 2010.
There is a broad range of salaries in India; at the higher end, nearly 30% are earning a basic
salary in excess of Rs.10 lakhs, while at the lower end 24% are earning less than Rs.5 lakhs.
This perhaps reflects the spread of experience held by respondents since joining CIMA (25%
have less than one year’s experience, while 20% have more than four).
Less than one-fifth felt they were unlikely to receive an on target earnings bonus this year,
indicating that bonuses are common in India. Those expecting a bonus are expecting to
receive an average of Rs.0.8 lakhs, which equates to 11% of their salary.
Size of business
The majority (65%) of CIMA students in India are employed in large organisations (500+
staff). 13% work in mid-sized organisations (50-499 staff) and 22% in small organisations
(under 50 staff). The largest organisations typically pay the higher salaries and bonuses. A
student working in an organisation with more than 500 staff can expect an average salary
of Rs.8.6 lakhs and bonus of Rs.0.8 lakhs. In smaller organisations the average salary falls to
Rs.6.9 lakhs supplemented by an average bonus of Rs.0.4 lakhs.
Average salary and bonus by size of business
Rs.8.1lakhs Rs.8.8lakhs
More than 500 staff
Less than 500 staff
India overall
Rs.9.4lakhsRs.8.6lakhs
Rs.6.9lakhs
Rs.8.1lakhs
Rs.7.3lakhs
Rs.8.8lakhs
Salary Bonus Total
TOPCIMA/Passed finalist
Strategic
Managerial
India overall
Rs.10.9lakhsRs.10.1lakhs
Rs.7.9lakhs
Rs.7.4lakhs
Rs.8.6lakhs
Rs.8.0lakhs
Salary Bonus Total
5
Sector
CIMA is important to the broad base of international industry with the accountancy sector
employing the highest proportion of CIMA students (31%), followed by the banking, finance
and insurance sector (12%), ICT, technology and telecoms sector (11%), and manufacturing
and engineering sector (10%).
CIMA level
A higher than average number of students in India (25%) have less than one year’s
experience since enrolling with CIMA compared to the global average of 8%. Meanwhile
26% have one to two years’ experience against a global average of 20%. This, in turn, helps
explain the CIMA level of study1 distribution of students in India.
In terms of level of study, 44% of Indian CIMA students are at managerial level, 38% at
strategic level, 10% are TOPCIMA, and 8% are passed finalists, with salary and bonuses
increasing as a student progresses with their studies.
• Managerial level students earn an average salary of Rs.7.4 lakhs and receive an average
bonus of Rs.0.6 lakhs.
• Strategic level students earn an average salary of Rs.7.9 lakhs and receive an average
bonus of Rs.0.7 lakhs. The overall package is therefore, typically, 8% more than that
received by managerial students.
• TOPCIMA students and passed finalists earn an average salary of Rs.10.1 lakhs and receive
an average bonus of Rs.0.8 lakhs. The overall package is therefore, typically, 40% more
than that received by managerial level students.
Average salary and bonus by CIMA level
1 For the purposes of this survey, CIMA level data was collected under the 2005 CIMA qualification structure and refers to those at managerial level, strategic level, TOPCIMA and passed finalists. For comparison under the 2010 qualification structure, these levels are respectively now known as operational/management level, strategic level, T4 Part B Case Study and exams complete.
Rs.8.1lakhs Rs.8.8lakhs
More than 500 staff
Less than 500 staff
India overall
Rs.9.4lakhsRs.8.6lakhs
Rs.6.9lakhs
Rs.8.1lakhs
Rs.7.3lakhs
Rs.8.8lakhs
Salary Bonus Total
TOPCIMA/Passed finalist
Strategic
Managerial
India overall
Rs.10.9lakhsRs.10.1lakhs
Rs.7.9lakhs
Rs.7.4lakhs
Rs.8.6lakhs
Rs.8.0lakhs
Salary Bonus Total
The overall package typically received by those studying TOPCIMA and passed finalists is 40% more than that received by managerial level students.
6
Future
There is some evidence to suggest that the tough global trading conditions are only having
a limited impact on India, with 86% of students not anticipating their salary or job to be
affected as a result of the global recession in 2010. Along with Sri Lanka and South Africa,
India is one of the most optimistic. Only 12% of Indian students worry that they might
experience a pay freeze this year (compared to 39% globally), and 2% worry about possible
redundancy (8% globally). Such concerns are clearly limited to a small minority and are far
less significant than in countries that have been harder hit by global conditions such as the
UK, where 45% fear a pay freeze and 9% worry about redundancy.
Anticipated impacts in 2010
• On average CIMA students annual salary is Rs.8.1 lakhs
• The average bonus is Rs.0.7 lakhs across all respondents
• 18% don’t expect to receive a bonus in 2010
• For the 82% expecting a bonus the average bonus is Rs.0.8 lakhs
86%
12%
2%
0%
0%
None of the below
Pay freeze
Redundancy
Salary reduction
Shorter working week
7
Recruitment and retention
Satisfaction with salary
Overall 50% of students are satisfied with their current salary, down from 60% last year.
This level of satisfaction remains fairly constant across different levels of students but does
appear to increase slightly amongst TOPCIMA students and passed finalists where salary
levels are higher.
Salary satisfaction 2009-2010
Satisfaction with benefits
61% of CIMA students in India said they were either extremely satisfied or satisfied with
the benefits they receive, up from 56% in 2009, but slightly lower than the 2010 global
satisfaction score of 67%.
Satisfaction with benefits 2009-2010
1%1%
59%49%
29%41%
11%9%
Extremely satisfied
Satisfied
Dissatisfied
Very satisfied
2009 2010
4%1%
52%60%
36%32%
8%7%
Extremely satisfied
Satisfied
Dissatisfied
Very satisfied
2009 2010
1%1%
59%49%
29%41%
11%9%
Extremely satisfied
Satisfied
Dissatisfied
Very satisfied
2009 2010
4%1%
52%60%
36%32%
8%7%
Extremely satisfied
Satisfied
Dissatisfied
Very satisfied
2009 2010
8
Benefits received
Healthcare, bonus, mobile phone/Blackberry/PDA, life assurance, daily subsidised food, and
travel benefits/allowance are all additional benefits that employers commonly offer in India.
The table below shows the most common types of additional benefits that Indian students
receive, and highlights the decrease in study leave, flexible hours and pension benefits being
received this year.
Common benefits offered to Indian CIMA students
Benefit Received in 2010 Received in 2009
Healthcare 43% 45%
Bonus 36% 37%
Mobile phone/Blackberry/PDA 34% 36%
Life assurance 29% 31%
Daily subsidised food 25% n/a
Travel benefits/allowances 22% n/a
Company car/allowance 18% 13%
Study leave 18% 31%
Flexible hours 16% 23%
Pension 14% 26%
9
Importance of benefits
The most important benefits identified by CIMA students in India are healthcare, bonus, life
assurance, pension and study leave, with the top two (healthcare and bonus) being the most
widely received by CIMA students; 43% and 36% respectively. While pension and study leave
are fourth and fifth in terms of importance, they are only being received by 14% and 18%
of students respectively. Globally 55% of students receive a pension and 61% receive study
leave.
Both pay rise and bonus as an incentive for passing exams were identified as important
benefits for CIMA students in India, but as it stands only 2% and 1% currently receive these
incentives; and highlights an area where employers could expand their benefits scheme.
Students in India place a great importance upon receiving benefits – it is the only country
surveyed where the mean score for the importance of every benefit is three or higher. This
could be due to a lower proportion of students receiving benefits and because they work
some of the longest hours.
Importance of benefits (mean score) by benefits received 5 = extremely important, 1 = not at all important
4.5 4.4 4.2 4.2 4.2 4.1 4 4 3.9 3.8 3.7 3.7 3.7 3.6 3.6 3.5 3.5 3.4 3.3 3.2 3.2 3
54.5
43.5
32.5
21.5
10.5
0
50%
40%
30%
20%
10%
0%
Importance Benefit received
Hea
lthc
are
Bonu
s
Life
ass
uran
ce
Pens
ion
Stud
y le
ave
Pay
rise
as
an in
cent
ive
for
pass
ing
exam
s
Bonu
s as
an
ince
ntiv
e fo
r pa
ssin
g ex
ams
Flex
ible
hou
rs
Trav
el b
enef
it/a
llow
ance
s
Wor
king
fro
m h
ome
Com
pany
car
/allo
wan
ce
Con
trib
utio
n/p
aym
ent
of C
IMA
fee
s
Mob
ile p
hone
/Bla
ckbe
rry/
PDA
Extr
a ho
liday
s
Shar
e/sh
are
opti
ons
Leis
ure
faci
litie
s
Sabb
atic
al
Dai
ly s
ubsi
dise
d fo
od
Chi
ldca
re a
rran
gem
ents
/vou
cher
s
Mor
tgag
e re
lief
Prod
ucts
/ser
vice
s di
scou
nt
Seas
on t
icke
t lo
an
Employers could improve satisfaction levels by offering pay rises or bonuses as an incentive for passing exams.
10
Working hours
Indian CIMA students typically work 48 hours per week at present with only 11% working
less than 40 hours per week. Such a long working week is typical of other Asia Pacific
Countries (APAC) as well, such as Pakistan and Hong Kong, but India itself has the second
longest working week. The global average is 42 hours.
Very few people think that their working hours will decrease in 2010 (only 3%). Instead, 46%
believe that their working hours will increase over the coming year – higher than the global
expectation of 35%, but less pessimistic than in 2009 (63%).
Requirement to work outside normal hours
62% of those who expect their working hours to increase cite the fact that they are taking
on more responsibility and more pressure as the cause. Understaffing (52%) and company
growth (45% of Indian students, compared to only 28% globally) were also identified as
factors for increasing hours.
Reasons for increasing hours
46%
3%
Increasing
Decreasing
Staying the same51%
76%62%
47%52%
40%45%
37%28%
23%25%
22%13%
Taken on more responsibility/more pressure
Understaffing/lack of resources
Company growth
Company culture
My role has changed
Current financial climate
2009 2010
46% believe their working hours will increase over the coming year with nearly half identifying company growth as a contributing factor.
11
Skill set requirements
The skills that Indian CIMA students are keenest to acquire during the coming year include
leadership (66%), personal development (58%), and decision making (57%).
Skill sets required
Indian students show greater enthusiasm to learn skills across a wider range of areas than
students globally. The typical Indian CIMA student expresses interest in an average of around
seven different new skill sets. Globally the average is in the order of around five or six
different areas.
66%
58%
57%
56%
55%
52%
44%
44%
43%
42%
42%
38%
34%
32%
25%
23%
7%
Leadership
Personal development (e.g. career planning, time management)
Decision making
Strategic planning and implementation
Communication (e.g. negotiating, writing, presenting)
Reporting and analysis
Project management
Risk management
Problem solving
Time management
Team building
Budgeting
Skills for developing others (e.g. assessing performance, coaching)
Persuading and influencing
Internal audit and control
IT software (MS Excel, Word, Powerpoint, etc.)
IT (hardware systems)
Indian students show greater enthusiasm to learn skills across a wider range of areas than students globally.
12
Geographical mobility
Extent of movement
Currently CIMA students are living and working in the following locations across India:
Bangalore (22%), Mumbai (16%), Chennai (14%), Delhi (14%) and elsewhere in India (35%).
79% of Indian students anticipate that they will change jobs during the next two years
(compared to only 64% globally). Indeed, as many as 42% would like to change jobs in the
next six months.
Timescale to job move
Just under half (45%) of the students that plan to change jobs would like to find work
overseas. As a result, just over one-third of all Indian CIMA students are planning to find new
jobs overseas in the next two years.
Career plans for the next two years
The desire for an improved salary, new and better career opportunities and an improved
quality of life are the driving forces behind a move to a different country (at 78%, 65% and
60% respectively), closely followed by the desire to experience a different culture and gain
improved employment conditions.
21%
16%
19%
23%
21%
1-2 years
7-11 months
4-6 months
0-3 months
Not currently seeking
21%
36% Stay in current job
Find a new job in India
Find a new job abroad44%
13
Relocation reasons of those likely to move abroad
Top destinations
Those students considering working overseas are most likely to consider the UK (84%, up
from 72% in 2009) or the USA (56%, up from 22% in 2009), and, to a lesser extent, the
UAE (27%, up from 23% in 2009). There is a general interest in working in English speaking
overseas locations (with Canada and Australia also likely to be seriously considered by
many).
Mobility of CIMA qualification
85%78%
64%65%
83%65%
82%60%
54%55%
50%51%
42%31%
32%22%
18%16%
6%9%
0%5%
Improved salary
New career opportunity
Better employment opportunities
Improved quality of life
Experience a different culture
Improved employment conditions
Work promotion
Stronger economy
Take time out/travel
Friends and family
Internal company transfer
2009 2010
UK84%
Australia16%
Singapore24%
UAE27%
USA56%
Canada20%
14
One word used to describe how CIMA is different from other accountancy qualifications...
The size of the font reflects the number of times the word was spontaneously mentioned.
Country specific salary information
This section provides a breakdown of country specific salary information by key indicators
(where the sample base is large enough to provide reliable information).
India
Base: 154 Salary Bonus Package
Total Rs.8.1 lakhs Rs.0.7 lakhs Rs.8.8 lakhs
Age
25-34 Rs.7.6 lakhs Rs.0.5 lakhs Rs.8.1 lakhs
35-44 Rs.11.0 lakhs Rs.1.3 lakhs Rs.12.3 lakhs
Level
Managerial Rs.7.4 lakhs Rs.0.6 lakhs Rs.8.0 lakhs
Strategic Rs.7.9 lakhs Rs.0.7 lakhs Rs.8.8 lakhs
TOPCIMA/Passed finalist Rs.10.1 lakhs Rs.0.8 lakhs Rs.10.9lakhs
Size of organisation
Less than 500 employees Rs.6.9 lakhs Rs.0.4 lakhs Rs.7.3 lakhs
More than 500 employees Rs.8.6 lakhs Rs.0.8 lakhs Rs.9.4 lakhs
Experience since enrolling
Less than 1 year Rs.7.1 lakhs Rs.0.6 lakhs Rs.7.7 lakhs
1-2 years Rs.7.4 lakhs Rs.0.5 lakhs Rs.7.9 lakhs
2-3 years Rs.8.0 lakhs Rs.0.5 lakhs Rs.8.5 lakhs
3-4 years Rs.8.3 lakhs Rs.0.8 lakhs Rs.9.1 lakhs
4-5 years Rs.9.0 lakhs Rs.0.5 lakhs Rs.9.8 lakhs
5 years+ Rs.11.0 lakhs Rs.1.3 lakhs Rs.12.3 lakhs
ComprehensiveinsightExceptional
Tough
Strategic
Innovativemanagement
PROFESS
IONAL
Practicaldynamicglobal
Quality Brand
versatile
SystematicFocus
Relevant
Business
EXCELLENCEFocusedFlexible
unique
15
Technical information
Data collection for the CIMA Global Part Qualified Salary Survey 2010 was carried out
by CIMA itself online during the period 28 January to 14 February 2010. The data was
subsequently rim weighted (by Redshift Research) by country to ensure the profile of the
survey sample accurately represents all CIMA markets.
13,980 CIMA students globally were selected and invited to participate (UK, Ireland, South
Africa, Sri Lanka, Malaysia, India, Hong Kong, Australia, Mainland China, UAE, Botswana,
Pakistan, Russia, Poland and Zambia). A total of 2,563 completed the study globally (18%
response rate), with 154 responses from India. Basic responses were as follows:
The survey represents a re-run of the annual student salary survey, the previous iteration of
which was conducted during January/February 2009. In order to improve the quality of the
data collected, more detailed salary bands were used on the questionnaire to record details
of student salaries. This means that averages previously published (in the 2009 report) will
not compare directly with 2010 figures. Where comparisons with 2009 data appear in this
report, we have used an identical banding system to compare changes year on year (which
are expressed as a percentage) in order to ensure that the changes shown reflect a genuine
shift in the economic picture rather than a difference created artificially by using different
banding systems in each period.
For the purposes of this survey CIMA level data was collected under the 2005 CIMA
qualification structure and refers to those at managerial level, strategic level, TOPCIMA
and passed finalists. For comparison under the 2010 qualification structure these levels are
respectively now known as operational/management level, strategic level, T4 Part B Case
Study and exams complete.
Further information
For further information on technical matters relating to this survey, contact
yourvoice@cimaglobal.com
For further country specific analysis and reports, visit CIMA MY JOBS at
http://myjobs.cimaglobal.com/
Both the Chartered Institute of Management Accountants and Redshift Research are Market
Research Society Company Partners. The organisations abide by the Market Research
Society’s Code of Conduct and the Data Protection Act.
Table of responses by age band
Under 25 10
25-34 108
35-44 33
45 and over 3
Total 154
Table of responses by CIMA level
Managerial 67
Strategic 59
TOPCIMA 15
Passed finalist 13
Total 154
Table of responses by gender
Male 134
Female 20
Total 154
16
Global contacts
CIMA UK – Head Office26 Chapter StreetLondonSW1P 4NPUnited KingdomT. +44 (0)20 8849 2287F. +44 (0)20 8849 2450E. cima.contact@cimaglobal.comwww.cimaglobal.com
CIMA AustraliaSuite 1305109 Pitt StreetSydney NSW 2000AustraliaT. +61 (0)2 9376 9900F. +61 (0)2 9376 9905E. sydney@cimaglobal.comwww.cimaglobal.com/australia
CIMA BotswanaPlot 50676, 2nd Floor, Block BBIFM Building, Fairgrounds Office ParkGaborone, BotswanaPostal address:PO Box 403475Gaborone, BotswanaTelefax. +267 395 2362F. +267 395 2362/397 2982E. gaborone@cimaglobal.comwww.cimaglobal.com/botswana
CIMA ChinaUnit 1508AAZIA Center, 15th floor1233 Lujiazui Ring RoadPudongShanghai 200120P.R.ChinaT. +86 400 820 4080 +86 (0)21 5528 5119F. +86 (0)21 5228 5120E. infochina@cimaglobal.comwww.cimaglobal.com/chinawww.cncima.com
CIMA Hong KongSuites 1414 – 141514th Floor Jardine HouseCentral, Hong KongT. +852 2511 2003F. +852 2507 4701E. hongkong@cimaglobal.comwww.cimahongkong.com
CIMA IndiaUnit 1-A-1, 3rd FloorVibgyor Towers C-62, G Block,Bandra Kurla Complex,Bandra (East),Mumbai - 400 051T. +91 (0)22 4237 0100F. +91 (0)22 4237 0109E. india@cimaglobal.comwww.cimaglobal.com/india
CIMA Ireland45-47 Pembroke RoadBallsbridge, Dublin 4T. +353 (0)1 643 0400F. +353 (0)1 643 0401E. dublin@cimaglobal.comwww.cima.ie
CIMA MalaysiaLots 1.03b and 1.05, Level 1KPMG TOWER8 First Avenue, Bandar Utama47800 Petaling JayaSelangor Darul EhsanMalaysiaT. +60 (0)3 7723 0230F. +60 (0)3 7723 0231E. kualalumpur@cimaglobal.comwww.cimaglobal.com/malaysia
CIMA Middle EastOffice E01, 1st Foor, Block 3PO Box 502221Dubai Knowledge VillageAl Sofouh RoadDubai, UAET. +971 4434 7370F. +971 4434 1998E. middleeast@cimaglobal.comwww.cimaglobal.com/middleeast
CIMA PakistanNo. 201, 2nd floor Business ArcadePlot No. 27 A, Block 6, P.E.C.H.S.Shahra-e-FaisalKarachi, PakistanT. +92 21 3432 2387/88/89F. +92 21 3432 2390E. pakistan@cimaglobal.comwww.cimaglobal.com/pakistan
CIMA Singapore51 Goldhill Plaza, #08-02Singapore 308900T. +65 6535 6822F. +65 6534 3992E. singapore@cimaglobal.comwww.cimaglobal.com/singapore
CIMA South Africa1st Floor, 198 Oxford RoadIllovo, JohannesburgSouth AfricaPostal address:PO Box 745, Northlands 2116, South AfricaT. +27 (0)11 788 8723/0861 CIMA SAF. +27 (0)11 788 8724E. johannesburg@cimaglobal.comwww.cimaglobal.com/southafrica
CIMA Sri Lanka356 Elvitigala MawathaColombo 5Sri LankaT. +94 (0)11 250 3880F. +94 (0)11 250 3881E. colombo@cimaglobal.comwww.cimaglobal.com/srilanka
CIMA Zambia6053, Sibweni RoadNorthmead, LusakaZambiaPostal address:PO Box 30640, Lusaka, ZambiaT. +260 21 1 290 219/291 708F. +260 21 1 290 548E. lusaka@cimaglobal.comwww.cimaglobal.com/zambia
CIMA Zimbabwe6th Floor, Michael House62 Nelson Mandela Avenue,HarareZimbabwePostal address:PO Box 3831, Harare, ZimbabweTelefax. +263 (0) 4 708600/702617F. +263 (0) 4 708600/702617E. harare@cimaglobal.comwww.cimaglobal.com/zimbabwe
CIMA’s global offices may change during the year, so please visit the global web links for the most up-to-date contact details. For a full list of global contacts, please visitwww.cimaglobal.com/globalcontacts
Chartered Institute of
Management Accountants
26 Chapter Street
London SW1P 4NP
United Kingdom
T. +44 (0)20 8849 2285
E. press@cimaglobal.com
www.cimaglobal.com
© May 2010, Chartered Institute of Management Accountants