As of January 2025, professionals in India holding international accounting qualifications such as CMA, CPA, CIA, ACCA, Enrolled Agent can anticipate competitive salaries, influenced by factors including job role, experience, industry, and company size. Below is an overview of the expected salary ranges for these qualifications:
1. Certified Management Accountant (CMA)
Average Salary:
A CMA-qualified professional’s salary in India ranges between ₹5 lakh and ₹42.9 lakh per annum. Top-tier professionals in leadership roles, such as Chief Financial Officers (CFOs), earn higher remunerations, ranging from ₹14 lakh to ₹47.1 lakh per annum.
Job Roles and Salaries:
- Financial Analyst: ₹5 lakh – ₹13 lakh per annum.
- Corporate Controller: ₹7.5 lakh – ₹42.9 lakh per annum.
- Financial Risk Manager: ₹2 lakh – ₹21 lakh per annum.
2. Association of Chartered Certified Accountants (ACCA)
Average Salary of ACCAs :
In India, the salary of an ACCA professional varies with the job location, position applied for, and years of experience. A regular accountant earns around ₹2 lakh to ₹15 lakh per annum. After qualifying for the ACCA exams, professionals can expect different salary ranges depending on their designation and work experience.
Job Roles and Salaries:
- Accountant: ₹1.4 lakh – ₹6.1 lakh per annum.
- Finance Manager: ₹4.5 lakh – ₹20 lakh per annum.
- Financial Analyst: ₹2.4 lakh – ₹10 lakh per annum.
- Account Executive: ₹1.7 lakh – ₹6 lakh per annum.
3. Certified Public Accountant (CPA)
Average Salary Of CPAs:
In India, the average salary for a CPA is approximately ₹6,93,985 per annum. In many cities, the pay rate is even higher.
Job Roles and Salaries:
- Financial Analyst: ₹5 lakh – ₹12 lakh per annum.
- Senior Accountant: ₹6 lakh – ₹14 lakh per annum.
- Finance Manager: ₹10 lakh – ₹25 lakh per annum.
4. Enrolled Agent (EA)
Enrolled Agents are U.S. tax professionals authorized to represent taxpayers before the IRS. In India, their expertise in U.S. taxation has gained demand, especially in firms serving U.S. clients or expats.
Average Salary:
₹4 lakh – ₹10 lakh per annum for entry to mid-level professionals. Senior EAs with extensive experience can earn ₹12 lakh – ₹20 lakh per annum.
Job Roles and Salaries of EAs:
- Tax Consultant: ₹4 lakh – ₹8 lakh per annum.
- Tax Manager (U.S. Taxation): ₹10 lakh – ₹18 lakh per annum.
- Tax Preparer: ₹3 lakh – ₹6 lakh per annum.
Growth Factors:
- The rise of global tax outsourcing firms in India.
- Increasing complexities in international taxation laws.
5. Certified Internal Auditor (CIA)
CIAs specialize in internal auditing, risk management, and corporate governance, making them valuable in industries emphasizing regulatory compliance and internal controls.
Average Salary:
₹6 lakh – ₹15 lakh per annum for mid-level professionals, with senior professionals earning up to ₹25 lakh per annum in leadership roles.
Job Roles and Salaries:
- Internal Auditor: ₹4 lakh – ₹9 lakh per annum.
- Risk Manager: ₹8 lakh – ₹18 lakh per annum.
- Compliance Officer: ₹6 lakh – ₹12 lakh per annum.
- Head of Internal Audit: ₹18 lakh – ₹30 lakh per annum.
Growth Factors:
- Increasing focus on corporate governance and compliance in India.
- Global demand for CIAs in multinational corporations and financial services.
Factors Influencing Salaries
Experience:
Salaries increase with experience; senior roles command higher pay.
Industry:
Industries such as petrochemicals and engineering offer higher compensation compared to sectors like education and training.
Location:
Salaries can vary significantly based on the city of employment, with metropolitan areas typically offering higher pay scales.
Company Size and Reputation:
Large multinational corporations and Big Four accounting firms often provide more competitive salaries and benefits.
It’s important to note that these figures are approximate and can vary based on individual qualifications, negotiation skills, and the specific demands of the employer.