ICMAI CMA Salary And Career Scope 2021 | Check Exclusive Details

ICMAI CMA Salary 2021: The Institute of Cost and Works Accountants of India (ICWA) offers a minimum three-year course that consists of three stages: foundation, intermediate, and final. Students who want to become cost management accountants take this course. The institute assists its candidates in developing professional qualifications and provides them with the education needed to excel as a cost management accountant globally.

ICMAI CMA Salary is issued separately for each subject covered in the CMA course syllabus. Read the entire article to learn everything there is to know about the ICMAI CMA Salary 2021.

Table of Contents

ICMAI CMA Salary 2021: Overview

Name of the course	Institute of Cost and Work Accountants of India
Abbreviation	ICWA
Type	Certification
Level	Professional
Duration	3 years
Average Fee	Foundation Stage- Rs. 4,000 Intermediate Stage- Rs. 20,000 Final Stage- Rs.17,000
Career Opportunities	Financial Analyst, Research Analyst, Cost Manager, Chief Accountant, Auditor, Financial Controller
Average Salary	Rs. 500,000 to Rs. 600,000 per annum

ICMAI CMA Salary 2021: Scope of ICMAI

A cost management accountant has a wide range of responsibilities. The job scope and pay scale for cost management accountants are expanding, with more opportunities available. Individuals can also excel in this domain by focusing on financial features or administration, as this domain covers both niches.

During the hiring process, students with strong subject knowledge and experience in the finance and management industries are given first priority. Internships are now regarded as an essential and important component of the career-development process. Employers also look for students with industry experience as well as strong academic performance.

ICMAI CMA Salary 2021: Career Opportunities

Candidates who have completed the ICWA course have a variety of career options. Following completion of the ICMA course, the following job positions are available:

Position	Responsibilities
Financial Analyst	You will be in charge of determining the cost of operations by establishing standard costs and collecting operational data. You will also be in charge of determining financial status by comparing and evaluating actual results with plans and forecasts. He or she directs cost analysis solutions by organising and enforcing strategies and processes, providing trends and forecasts, explaining procedures and techniques, and making recommendations.
Cost Manager	As a cost manager you will be responsible for the entire credit granting process, including the consistent application of credit policies. You must review existing customers’ credit and assess the creditworthiness of potential customers on a regular basis in order to maximise company sales while minimising bad debt losses. A cost manager’s roles and responsibilities vary depending on the organisation and position they are working on.
Research Analyst	Research analysts are professionals who collect and analyse data, research trends, and evaluate economic issues for resources, goods, and services. You will be in charge of applying qualitative and quantitative economic analysis to niches in a variety of industries. Education, health, development, and the environment are just a few examples. Some research analysts must also investigate the costs of products, healthcare, or energy, in addition to examining employment levels, business cycles, exchange rates, taxes, inflation, or interest rates.

Must Read: ICMAI CMA Exam 2021

The ICMAI CMA Exam Dates 2021 for Foundation, Intermediate and Final exams is released. The candidates were able to fill the CMA application form for the intermediate and final course of the December term exam until October 8, 2021. To know more, read the whole blog on ICMAI CMA Exam 2021.

We have covered complete details on the ICMAI CMA Salary 2021. If you have any queries related to the ICMAI CMA Exam, feel free to comment below.

Frequently Answered Questions on ICMAI CMA Salary 2021:

What exactly is an ICWA course?

The Institute of Cost and Works Accountants of India (ICWA) offers a minimum three-year course that consists of three stages: foundation, intermediate, and final. Students who want to become cost management accountants take this course.

What is the eligibility for the ICWA intermediate course?

In order to pursue the ICWA intermediate course, students must first successfully complete their 10+2 from an Indian board recognised by the government. Students must either complete the foundation course or graduate from a recognised university in India in a field other than fine arts.

Where can I sign up for the ICMA exam?

All candidates can register for the ICMAI 2021 exam at the official website using the registration forms available for all levels.

What is the scope of the ICWA course?

The job scope and employment scale for cost management accountants are expanding, with more opportunities available. Individuals can also excel in this domain by focusing on financial features or administration, as this domain covers both niches.

What is the salary of an ICWA?

The average annual ICMAI CMA salary of an entry-level CMA professional is approximately Rs. 4 Lakhs, while a mid-level professional earns approximately Rs. 6 Lakhs. An experienced or senior-level professional can expect to earn around Rs. 10 lakhs per year.

ICMAI CMA Salary Career Scope 2021 | Exam Dates, Eligibility and More.