US CMA Salary in India - One Credential Makes all the Difference

Ever thought about how much a certified management accountant (CMA) earns on average?

According to PayScale, the median base salary of a US CMA in India is ₹5,50,000 per annum.

For those keen on advancing their careers in accounting and finance, the curiosity to know their earning potential — and if it justifies the US CMA exam cost — is understandable.

If any individual resides and works in India, they must certainly be wondering about their possible yearly income in CMA US accounting.

Well, no more scratching heads and making wild guesses. This article has discussed the salary of CMA US in India in detail. So, read along.

CMA USA Salary Based on Job Roles

Financial Analysts

After clearing the US CMA exam, candidates joining as financial analysts can mint around ₹3.5 lakhs every year on average in India as a fresher. Risk control, SAS, SAP financial accounting, and financial modeling are some departments that can fetch amazing packages.

As candidates climb up to senior ranks in these verticals and gather domain experience of, say, 20 years, their payroll exceeds ₹13 lakhs per annum.

Chief Financial Officer (CFO)

CFOs can easily secure an average annual salary of around ₹35 lakhs in India. Budget management, strategic planning, financial analysis, fundraising, and business strategy are the highest-paying skills associated with this career.

CFO’s pay scale is strongly influenced by experience. For instance, professionals having 10–19 years of work experience mint around ₹37 lakhs per annum on average.

Cost Accountant

The mean yearly income of CMA cost accounting is nearly ₹6 lakhs in India. The number surges to ₹13 lakhs per annum if the candidate has over two decades of work experience. Moreover, CMA cost accounting pays well if the candidates are well-versed with SAP financial accounting and controlling (SAP FICO).

Finance Manager

Candidates having the CMA USA credential can expect an average annual salary of around ₹10 lakhs for the finance manager role in India. While entry-level financial managers earn a mean yearly pay of ₹5.22 lakhs, they can mint at least ₹12 lakhs with a decade-old experience. Besides, accounts payable, senior financial management, budgeting, and financial modeling are the pay-boosting skills for this role.

Financial Controller

CMA USA certified individuals can make about ₹18.7 lakhs per year on average as a financial controller in India. While entry-level professionals earn an average yearly income of ₹5.64 lakhs, they can earn around 5X of that figure after gathering at least two decades of work experience.

USA CMA Income Based on Enterprise Size

Indian private firms and start-ups offer lower remuneration than consulting firms. In these companies, US CMA certified candidates can earn an average income of almost ₹5 lakhs.

Well-funded start-ups provide qualified candidates with a yearly package of ₹4–7 lakhs. On the flip side, CMA professionals working in public sector banks can make ₹6–12 lakhs every year. In the elite MNCs and foreign investment banks, certified management accountants can fetch around ₹6–8 lakhs per year.

Besides, CMA professionals, serving Indian investment banks, can secure a package of ₹7 lakhs every year. Further, top-tier consulting companies offer an attractive annual package of up to ₹15 lakhs to AIR CMA holders, which increases to ₹16 lakhs as the candidate passes the US CMA exam on their first attempt.

USA CMA Pay Scale Across Various Industries

The trend of the CMA US pay scale relies on the industry as well. In the banking industry, for example, the average annual CMA payroll is around ₹5 lakhs. In the IT sector, the average salary is ₹10 lakhs per annum whereas, in manufacturing and distribution companies, it is ₹7 lakhs per annum.

In addition, if candidates land a job in the telecommunication industry and pass the CMA management exam in India simultaneously, they will earn up to ₹13 lakhs every year. Furthermore, US CMA professionals assisting business process outsourcing (BPO) companies can receive a yearly package of up to ₹5 lakhs.

The US CMA management course is a worthy investment that not only boosts earnings but offers lucrative growth opportunities. The credential is one of the prominent certifications in management accounting and can open up windows of job prospects for aspirants. It helps professionals brush up their critical financial and accounting management skills.

Miles Education up-skills students and professionals to help them be future-ready and enable their career progression. Founded by Harvard and Stanford alumni, Miles offers industry-recognized certifications in Accounting & Finance, Digital Marketing, Branding & Advertising, HR Management, Business Analytics, Product Management, AI & Machine Learning, Data Science, Data Engineering, and Cybersecurity.

Miles has offices and face-to-face training centers across India, the Middle East, and the USA, and delivers live online training to candidates across the world. Miles has partnered with 200 MNCs (including Big 4 & Global Fortune 500 companies) for training of their working professionals, and placement of Miles alumni. Miles has also partnered with 70+ universities and autonomous colleges for upskilling of students via university programs integrated with skill-based offerings.

Please visit www.mileseducation.com/cma for more information.

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Feb 22nd 2022 04:24. Viewed 163 times.

Share on APSense

Comments