The Institute of Management Accountants reported Tuesday that it has achieved a record amount of growth in the fiscal year ending June 30, 2014 in terms of membership numbers and people earning the IMA’s Certified Management Accountant credential.

In FY 2014, the IMA’s total membership rose 7 percent to 72,921, including more than 10,000 college and university students and young professionals. Outside the U.S., membership grew 23 percent over 2013, reaching nearly 28,000.

The total number of new CMA candidates reached a record high of 14,662 in FY 2014. A record number of new CMA certificates were awarded to management accountants: a total of 3,003. The total number of CMAs increased 6 percent in FY 2014, and total candidates have increased 19 percent in the past year, now standing at 22,277. To date, more than 43,000 professionals have earned the CMA credential.

“Our increase in numbers—as well as in respect and influence—is a result of the integrity and consistency of this organization,” said IMA president and CEO Jeff Thomson in a statement.

The IMA noted that it also recently opened two new international offices in Shanghai and Cairo, in addition to existing branches in Zurich, Dubai and Beijing, highlighting the critical role that management accountants play in the global economy.