CMA USA Salary in India - Average CMA Salary | Scope of US CMA in India

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CMA USA Salary in India

By IIC Lakshya

14 May 2024

CMA USA

CMA USA Salary in India

In today's versatile economy, a professional qualification holds immense value, particularly in the fields like accounting and finance. One such qualification that acquired conspicuousness lately is the Certified Management Accountant (CMA) designation awarded by the Institute of Management Accountants (IMA). CMA USA certification has become insistent, helping the youth to build a rewarding career in accounting as well as Finance. In this blog, we will discuss the salary of CMA USA, along with the US CMA salary in India covering aspects such as average salaries, starting salaries, and the overall compensation landscape.

What is the Salary of CMA USA in India?


Before understanding the salary aspects, let's understand what the US CMA certification involves. The program is shaped by the profession of accounting and Finance. The areas covered in it include financial planning, decision support, professional ethics and analysis, and preparing CMA's well-rounded professionals to be able to contribute efficiently to a grand success.

US CMA Salary based on job profile

Certified Management Accountant (US CMA) enables you to access jobs with an appreciated salary package as the demand for US CMA holders in India and across the world is increasing for management, business globalization, accountants. The US CMA salary may vary due to factors like knowledge, skills, job location and experience. To understand the earning potential of a CMA, understanding the various job roles of a CMA is essential, let's take a brief look over these:

  • Cost Accountant: 

The cost accountant is responsible for keeping an eye on each cost done by the company. It includes producing assets, liabilities, and capital account statements of the company.

Salary: 4 LPA-10 LPA

  • Financial Controller

The job of the financial controller is to lead the company's accountants. They are responsible for accounting activities and for recording financial records.

Salary: 12 LPA-30 LPA

  • ManagementAccountant:

The duties of a Management Accountant include maintaining the account system and procedures that the Accountants use to collect data.

Salary: 2 LPA-10 LPA

  • Financial Advisor: 

A financial advisor is a professional specializing in accounting for companies. A financial advisor demonstrates vast knowledge of how business management can run in the best possible way and has deep roots in knowledge of balancing Heads and Tales in profits and losses by giving the best possible advice based on logical knowledge.

Salary: 1.2 LPA - 9 LPA

Average CMA Salaries across different career stages.

The CMA salary per month can vary according to the level of their position in the firm. Like any other department, the freshers are paid less as compared to the experienced people, similarly the US CMA starting salary in India is not very high but it does increase gradually . To provide a clearer picture, let's go through the various stages of salaries of CMA’s:

  • Entry-Level (0-2 years of experience):

In India, an Entry-level CMA is supposed to expect an amount of INR 4- 6 LPA in hand depending on factors like education, location etc.

  • Mid-level (3-5 years experience):

Based on 3 to 5 years of experience, a person holding a CMA certificate is supposed to expect an amount of INR 8-12 LPA with the potential for performance-based bonuses.

  • Senior Level (5+ years experience):

Seasonal CMA's with extensive experience under their belt and well-maintained success records can earn INR 15+LPA, promoting up to 20-30 LPA or more on the base of experience.

How much does US CMA make you earn in India?

Being a fresher, the US CMA salary in India can range between rupees 5 LPA to 7 LPA, which can gradually increase up to 12 LPA with an increase in experience. It can differ according to various factors. In Metropolitan sites like Mumbai, Delhi, Bangalore, and Chennai where life circulation is too costly, the starting salary for CMA's can be on the higher end of the spectrum. Moreover, working as an employee for a multinational top-tier firm can offer more starting scale as compared to smaller companies. Therefore, the CMASalary In India is well into the six-figure range, likely if they advance into executive positions within their companies.

What are the Perks And Benefits Of Being a US CMA?

Apart from salaries, a person enjoys Perks and Benefits. CMA’s in India often enjoy an exclusive perk and benefit offers, including:

  • Performance-based bonuses.
  • Stock options.
  • Flexible work arrangement.
  • Health Insurance coverage.
  • Retirement benefits.
  • Professional development of opportunity.

Conclusion

In Nutshell, In India, pursuing a US CMA certificate can be a lubricant career move for professions like finance and accounting due to the increasing demand for skilled management accounts and global recognition. CMA’s can expect an appreciated salary and various opportunities for career growth and advancement. By making a consistent move in jobs, US CMA certificate holders may experience the enhancement of skills and can unlock new opportunities for their success and prosperity in India. 

Frequently Asked Questions FAQs:

  1. What is the average salary range for a Certified Management Accountant (US CMA) in India?

The average salary range for a US CMA in India varies based on factors like job role, experience, and location. Generally, it ranges from INR 4 LPA to INR 30 LPA, with roles like Cost Accountant earning around INR 4 LPA to INR 10 LPA, Financial Controller earning between INR 12 LPA to INR 30 LPA, and so on.

  1. How does the salary of a US CMA vary based on factors like knowledge, skills, and experience?

The salary of a US CMA in India can vary significantly based on factors such as the individual's level of expertise, skill set, depth of knowledge, and years of experience in the field. Generally, higher levels of expertise and experience command higher salaries.

  1. What are some common job roles for US CMA holders in India, and what are their salary ranges?

Common job roles for US CMA holders in India include Cost Accountant, Financial Controller, Management Accountant, and Financial Advisor. Salary ranges for these roles vary from INR 2 LPA to INR 30 LPA, depending on the specific responsibilities and level of seniority.

  1. What is the starting salary for a US CMA fresher in India, and how does it progress with experience?

As a fresher, a US CMA in India can expect a starting salary ranging from INR 5 LPA to INR 7 LPA. With increasing experience and expertise, the salary can gradually increase up to INR 12 LPA or more.


 

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