CMA Salary in India in 2025

All types of organizations need professionals to manage costs and keep operations running smoothly. CMAs fit into this space by turning financial data into clear insights. The average CMA salary in India is around ₹7-₹8 LPA. 

In this blog, we cover the CMA salary in India at different experience levels. We also explain what affects pay, the key responsibilities, and how salaries differ by industry and city.

Table of Contents:

• What is a Certified Management Accountant (CMA)?
• Key Responsibilities of a Certified Management Accountant (CMA)
• CMA Salary in India by Experience Level
• CMA Salary in India by Job Role
• CMA Salary in India by Industry
• CMA Salary in Different Cities of India
• CMA Salary Per Month in India
• Top Companies Hiring CMAs in India and How Much They Pay
• Factors Affecting CMA Salary in India

What is a Certified Management Accountant (CMA)?

The CMA designation is a global management accounting qualification. It is offered by IMA worldwide, while ICMAI provides its own India-specific CMA program with a different exam structure and recognition. ICMAI offers it to finance professionals who demonstrate strong skills in financial planning, analysis, and decision support.

The CMA focuses on management accounting and helps organizations make better financial and operational decisions. Candidates need a bachelor’s degree, two years of relevant experience, and must clear a two-part exam.

CMAs work across industries as financial analysts, chief financial officers, controllers, or strategic planners. They combine accounting knowledge with strategic thinking, which makes them valuable in roles that require clear, data-driven decisions.

Key Responsibilities of a Certified Management Accountant (CMA)

CMAs work across finance, management, and accounting. They have a significant role in strengthening the financial health of a company through planning, analysis, and control. The key tasks include:

1. Financial Planning and Budgeting

CMAs help develop budgets and forecasts at an organizational level. They monitor gaps between actual performance and plans and recommend ways for management to stay on course or improve.

2. Financial Reporting

CMAs review and prepare financial reports and statements. They ensure accuracy, compliance, and usefulness for internal decision-making.

3. Cost Management

They examine production and operation costs, identify inefficiencies, and show how to reduce expenses without hurting quality. They understand the cost-volume-profit relationship and how it impacts decision-making.

4. Financial Analysis

They analyze financial data in order to judge performance, identify trends, and facilitate decisions. This includes ratio analysis, variance analysis, and profitability analysis.

5. Strategic Planning

CMAs help with long-term business planning. The insights they have on finances are beneficial in setting goals, analyzing investment opportunities, and directing strategies.

6. Internal Auditing

Some CMAs take part in internal audits to ensure that financial processes are productive, efficient, compliant, and secure.

7. Risk Management

They identify financial risks and suggest ways to control or mitigate them. CMAs are also useful in designing internal controls that help prevent fraud, errors, or violations of regulations.

CMA Salary in India by Experience Level

The CMA average salary in India varies by experience level and generally ranges from ₹3-₹30 LPA and above. Freshers can expect to earn between ₹3-₹6 LPA, while experienced professionals can earn significantly more.

Below is a more detailed breakdown: 

1. Entry-Level Roles (0 – 2 Years)

Generally, a CMA fresher’s salary in India is between ₹3-₹6 LPA. They often start as junior analysts or staff accountants, performing month-end close, budgeting, and cost analysis.   

2. Mid-Level Roles (3 – 7 Years)

CMAs progress to assistant controller or finance manager roles after 3-7 years. In this role, their main responsibilities include overseeing teams, crafting internal controls, and advising executives.  Their salary typically ranges between ₹6-₹12 LPA.

3. Senior-Level Roles (8+ Years)

CMAs with more than 8 years of experience often move into VP of Finance or CFO roles. They lead financial strategy and guide major company initiatives. The average salary can be between ₹15-₹30 LPA and above.

CMA Salary in India by Job Role

Companies across accounting and finance actively hire CMAs for their management and strategic decision-making skills. The CMA starting salary in India can differ widely based on the specific job role.

CMA Salary in India by Industry

Every industry offers different salaries to CMAs. Salaries range from ₹3-₹25 LPA, with top packages in banking, IT, Technology, and consulting sectors.

CMA Salary in Different Cities of India

The city you work in significantly impacts your salary. Companies in tier-1 cities like Bangalore and Mumbai typically pay higher salaries than those in Chennai or Jaipur due to higher living costs. 

The table below highlights the average annual salary offered to freshers in major cities of India:

CMA Salary Per Month in India

The CMA salary in India per month depends on experience, skills, job role, and specific industry. Generally, fresh graduates can expect to earn a salary between ₹30,000 to ₹80,000 per month. Similarly, experienced professionals can potentially earn between ₹1,50,000 per month to ₹2,00,000 per month, or even more. 

Here is the detailed breakdown of the CMA salary per month based on experience level:

Top Companies Hiring CMAs in India and How Much They Pay

From Deloitte to TCS, companies hire CMAs to improve financial performance through planning, analysis, and control. Here are some of the top companies in India hiring CMAs and offering the following salary packages:

Factors Affecting CMA Salary in India

The CMA salary in India depends on several key factors. 

Here are some of the main ones:

1. Experience: In every career, the more experience you have, the more you earn. A CMA with ten or more years of experience earns more than those who are recent graduates or have only a few years of experience.

2. Industry: From manufacturing to consulting, different industries have different pay scales. Some industries, like banking and consulting, tend to offer higher pay than others. Some companies value cost management skills more than others. 

3. Job Location: Metro cities like Mumbai, Delhi, and Bangalore typically offer higher salaries because of higher living costs. Smaller towns usually offer lower pay, but the cost of living is also lower, so it balances out somewhat.

4. Job Role: Roles like Financial Controller or CFO come with higher pay because they carry more responsibility. Entry-level or mid-level roles naturally fall on the lower end of the salary scale.

5. Company Size: Larger companies usually offer better pay. They manage bigger budgets and more complex operations, so they hire experienced professionals and pay them more.

Conclusion

Overall, the CMA salary in India depends on various factors. A candidate’s experience, skills, industry, and city determine their salary. CMA skills are valued across industries, making them stronger candidates for high-paying roles. If you are looking for a promising career in finance and a management accounting role, the CMA can be the right fit.

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