{"id":252783,"date":"2023-09-05T12:41:14","date_gmt":"2023-09-05T12:41:14","guid":{"rendered":"https:\/\/imarticus.org\/?p=252783"},"modified":"2024-04-02T06:51:47","modified_gmt":"2024-04-02T06:51:47","slug":"cma-salary-in-india-for-freshers-and-experienced-in-2023-24","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/cma-salary-in-india-for-freshers-and-experienced-in-2023-24\/","title":{"rendered":"CMA Salary in India For Freshers and Experienced in 2023-24"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Certified Management Accountant or CMA is one of the most prominent finance courses, which extends proficiency in various financial domains, including financial planning, control, analysis, decision support, and professional ethics. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A <\/span><span style=\"font-weight: 400;\">Certified Management Accountant Certificate<\/span><span style=\"font-weight: 400;\"> can equip you with specialised skills that can further set you on the path to explore\u00a0 roles like a financial accountant, budget analyst, management accountant or even a CFO<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Being one of the lesser-known courses, finance aspirants are yet to explore its potential, which is said to be highly rewarding considering the<\/span><span style=\"font-weight: 400;\"> growing financial market <\/span><span style=\"font-weight: 400;\">and its emerging opportunities. However, the selection of the right career path eventually comes down to one big question. Is the path lucrative?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Allow us to offer you an in-depth insight into the salary figures offered post-CMA certificate completion. But first, let us understand all about CMA and its significance.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">\u00a0<\/span><strong>What is CMA?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">A CMA (Certified Management Accountant)\u00a0 represents a professional credential in the financial management and management accounting fields. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Granted by the Institute of Management Accountants (IMA), individuals with CMA certification often work in private firms, public firms, or government organisations to offer their financial assistance across industries. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">They supervise a broad assortment of tasks, including strategic planning, documenting financial data, and funding to make cognizant decisions that fuel organisational growth.\u00a0<\/span><\/p>\n<h2><strong>Job Responsibilities<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare and analyse financial statements<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create and maintain a company\u2019s budget<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Handle a company&#8217;s general ledger<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare and demonstrate financial reports<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make financial predictions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare and study the company\u2019s tax returns<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Administer staff in finance or accounting departments<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Conduct internal audits<\/span><\/li>\n<\/ul>\n<h2><strong>\u00a0CMA Salary<\/strong><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-249739 size-medium\" src=\"https:\/\/imarticus.org\/blog\/wp-content\/uploads\/2023\/02\/cma-300x200.jpeg\" alt=\"certified management accountant course\" width=\"300\" height=\"200\" srcset=\"https:\/\/imarticus.org\/blog\/wp-content\/uploads\/2023\/02\/cma-300x200.jpeg 300w, https:\/\/imarticus.org\/blog\/wp-content\/uploads\/2023\/02\/cma-480x320.jpeg 480w, https:\/\/imarticus.org\/blog\/wp-content\/uploads\/2023\/02\/cma.jpeg 626w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Since CMA-certified individuals oversee financial and accounting management for businesses, their salaries are quite rewarding. The <\/span><a href=\"https:\/\/www.ambitionbox.com\/profile\/cma-salary\"><span style=\"font-weight: 400;\">estimated salary range<\/span><\/a><span style=\"font-weight: 400;\"> for a Certified Management Accountant is<\/span> <span style=\"font-weight: 400;\">between INR 1.4 LPA to INR 20 LPA, with an average of INR 6 Lakhs offered per annum in India. While the mentioned figures broadly display the salaries offered to CMAs in India, there are various factors at play in deciding the exact number offered to skilled employees.\u00a0<\/span><\/p>\n<h2>CMA Salary Based on Different Factors<\/h2>\n<p><span style=\"font-weight: 400;\">CMA salary prominently depends on various factors. Let\u2019s explore some of the most prominent ones.\u00a0\u00a0<\/span><\/p>\n<h4><strong>i. Job profile:<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">After acquiring <\/span><a href=\"https:\/\/imarticus.org\/certified-management-accountant\/\"><b>Certified Management Accountant Certification<\/b><\/a><span style=\"font-weight: 400;\">,<\/span> <span style=\"font-weight: 400;\">candidates can explore various professions based on their interests and skills. The choice of job profile significantly impacts the <\/span><b>CMA salary in India.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The following table mentions the CMA salary figures based on job profiles.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Job Profiles<\/b><\/td>\n<td><b>Average Annual Salary<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Reporting Analyst<\/span><\/td>\n<td><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/reporting-analyst-salary-SRCH_KO0,17.htm\"><span style=\"font-weight: 400;\">INR 582,446<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Financial Consultant<\/span><\/td>\n<td><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/financial-consultant-salary-SRCH_KO0,20.htm\"><span style=\"font-weight: 400;\">INR 756,801<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Accountant<\/span><\/td>\n<td><a href=\"https:\/\/www.payscale.com\/research\/IN\/Job=Accountant\/Salary\"><span style=\"font-weight: 400;\">INR 269,160<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Management Accountant<\/span><\/td>\n<td><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/management-accountant-salary-SRCH_KO0,21.htm\"><span style=\"font-weight: 400;\">INR 13,60,953<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Financial Advisor<\/span><\/td>\n<td><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/financial-advisor-salary-SRCH_KO0,17.htm\"><span style=\"font-weight: 400;\">INR 564,554<\/span><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><strong>ii. Experience:<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Although equipping the necessary skill sets is vital, a CMA must hold sufficient experience to claim higher salary packages.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following table mentions the <\/span>CMA Salary in India <span style=\"font-weight: 400;\">based on experience.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Years of Experience<\/b><\/td>\n<td><a href=\"https:\/\/www.ambitionbox.com\/profile\/cma-salary\"><b>Annual Average Salary<\/b><\/a><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">0-1<\/span><\/td>\n<td><span style=\"font-weight: 400;\">INR 2 to 4 LPA<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1-2<\/span><\/td>\n<td><span style=\"font-weight: 400;\">INR 4 to 6 LPA<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2-3<\/span><\/td>\n<td><span style=\"font-weight: 400;\">INR 6 to 8 LPA<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">3-4<\/span><\/td>\n<td><span style=\"font-weight: 400;\">INR 8 to 10 LPA<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><strong>iii. Company:<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Some companies provide high salary packages, whereas others provide growth prospects to candidates. The choice of the company plays a vital role in determining the CMA salary. Usually, working in corporate companies is advantageous for CMAs since they provide better salary packages.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following table indicates the CMA salary figures based on the company.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Company name<\/b><\/td>\n<td><a href=\"https:\/\/www.ambitionbox.com\/profile\/cma-salary\"><b>Average Annual Salary<\/b><\/a><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Accenture<\/span><\/td>\n<td><span style=\"font-weight: 400;\">INR 7 to 12 LPA<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">L&amp;T<\/span><\/td>\n<td><span style=\"font-weight: 400;\">INR 6 to 12 LPA<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Wipro<\/span><\/td>\n<td><span style=\"font-weight: 400;\">INR 4.1 to 25.3 LPA<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">ONGC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">INR 16.2 to 23 LPA<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span style=\"font-weight: 400;\">\u00a0<\/span><strong>Potential future<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">CMA&#8217;s future appears promising, considering factors like the rising need for risk management, globalisation, and the need for proficiency in managing cash flow for large firms. As the global economy accelerates towards a major shift and with businesses beginning to function internationally, the opportunities for CMA professionals are expected to rise in India.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pursuing a CMA course after acknowledging the<\/span> <a href=\"https:\/\/imarticus.org\/certified-management-accountant\/\"><b>CMA course details<\/b><\/a> <span style=\"font-weight: 400;\">can help you explore better job opportunities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><strong>Conclusion<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Pursuing a career as a certified management accountant comes with two key benefits, i.e. increased job opportunities and a handsome paycheck.\u00a0 If you aspire to work in the finance industry for years to come, the<\/span> Certified Management Accountant Certification <span style=\"font-weight: 400;\">helps you to attain high-paying job roles.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Imarticus offers a <\/span><a href=\"https:\/\/imarticus.org\/certified-management-accountant\/\"><span style=\"font-weight: 400;\"><strong>Certified Management Accountant<\/strong> <\/span><\/a><span style=\"font-weight: 400;\">course that is bound to set your finance career on the road to success. With guidance from industry experts, you\u2019ll be ready to explore the dynamic world of finance within no time!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Certified Management Accountant or CMA is one of the most prominent finance courses, which extends proficiency in various financial domains, including financial planning, control, analysis, decision support, and professional ethics. A Certified Management Accountant Certificate can equip you with specialised skills that can further set you on the path to explore\u00a0 roles like a financial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":254228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mo_disable_npp":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[1807],"tags":[4132,4316,4366],"class_list":["post-252783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management","tag-best-certified-management-accountant-course","tag-cma-online-training","tag-career-in-cma"],"acf":[],"aioseo_notices":[],"modified_by":"Imarticus Learning","_links":{"self":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/252783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/comments?post=252783"}],"version-history":[{"count":1,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/252783\/revisions"}],"predecessor-version":[{"id":262412,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/252783\/revisions\/262412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media\/254228"}],"wp:attachment":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media?parent=252783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/categories?post=252783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/tags?post=252783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}