How much does a CMA make in Chicago?

How much does a CMA make in Chicago?

When it comes to Chicago, being a major financial hub, CMAs can expect competitive salaries that reflect the city's high cost of living and the demand for skilled professionals. However, it is important to note that salary figures can fluctuate over time and may vary from one source to another. With that in mind, let's explore the average CMA salary in Chicago based on available data.

According to the Robert Half 2021 Salary Guide, the average CMA salary in Chicago ranges between $94,000 and $165,000 per year. However, it is crucial to consider that this range represents a wide spectrum of professionals at different levels of experience and expertise.

Entry-level CMAs in Chicago can expect to earn around $70,000 to $88,000 per year. These professionals typically have limited experience and may still be building their professional network and skills. As they gain more experience and prove their expertise, their earning potential increases.

Mid-level CMAs with approximately five to ten years of experience can earn between $98,000 and $135,000 annually. These professionals have established themselves in their careers and may have taken on more responsibilities and leadership roles within their organizations.

Senior-level CMAs, who have amassed significant experience and demonstrate strong strategic financial management skills, can earn salaries exceeding $150,000 per year. These individuals often hold high-level positions within companies and play a crucial role in shaping the financial future of the organization.

It's important to note that these salary figures are just an overview and there are several factors that can influence an individual's compensation. Factors such as additional certifications, educational background, industry specialization, and the size of the organization can all impact a CMA's earning potential.

Moreover, CMAs who work in industries such as finance, banking, or consulting tend to earn higher salaries compared to those in other sectors. The demand for CMAs in these industries is often driven by a need for financial expertise and strategic decision-making.

Certifications, such as the CMA certification, also play a crucial role in salary determination. CMAs who possess the CMA certification often earn higher salaries compared to those without it. The certification validates their expertise in financial planning, analysis, control, and decision support, making them highly sought after by employers.

In conclusion, CMAs in Chicago can expect competitive salaries that reflect their expertise and the demand for skilled professionals in the field of management accounting. While salary figures may vary depending on various factors, the job prospects and earning potential for CMAs in Chicago are generally promising. Pursuing a CMA certification and gaining relevant experience can significantly enhance their chances of securing high-paying positions.

Frequently Asked Questions

The average salary of a Certified Medical Assistant (CMA) in Chicago is around $39,000 to $42,000 per year.

Several factors can influence the salary of a Certified Medical Assistant (CMA) in Chicago, including years of experience, level of education, certifications, and the type of healthcare facility they work in.

Yes, there are plenty of opportunities for career growth for Certified Medical Assistants (CMAs) in Chicago. They can advance to positions such as Registered Nurse (RN), Medical Office Manager, or specialize in areas like Geriatrics or Pediatrics.

Yes, the demand for Certified Medical Assistants (CMAs) in Chicago is high. The healthcare industry in the city is constantly growing, which creates a need for skilled CMAs who can assist healthcare professionals in various medical settings.

Certified Medical Assistants (CMAs) in Chicago can find employment in various healthcare facilities such as hospitals, clinics, private medical practices, nursing homes, and outpatient care centers.