What is the average salary of a CMA holder in India?

Posted on by osamawagdi

According to Mythri David; The demand for CMAs in India is increasing with the arrival of MNCs and flow of off-shore establishments into our country.
Finance manager / Internal Auditor / Senior Executive  / Business Analyst / Pricing Analyst / Director- Finance / Chief Financial Officer (CFO)

Finance manager earns an average salary of Rs 9.3L per year. Most people with this job move on to other positions after 20 years in this field. The skills that increase pay for this job the most are Senior Financial Management, Accounts Payable, Financial Modeling, and Budgeting.
Salary  :  3.8L –  17.6L
Bonus   :  7K –  2.5L
Profit Sharing : 0-  1.7L
Commission :0 –  19K
Total Pay  : 4.3L – 19.2L

Financial Controller earns an average salary of Rs 18L . A skill in Senior Financial Management is associated with high pay for this job. Most people with this job move on to other positions after 20 years in this field.
Salary -6L-34L
Bonus- 12K – 5.9L
Profit sharing 0- 5.1L
Total pay – 6.2L-39L

Cost Accountant earns an average salary of 4.13L per year. Most people move on to other jobs if they have more than 10 years’ experience in this field. A skill in SAP SAP Financial Accounting and Controlling (SAP FICO) is associated with high pay for this job. Experience strongly influences income for this job.
Salary – 1.7L -9.8L
Bonus- 2K-1.02L
Profit Sharing – 0 -1.03L
Total Pay – 1.8L – 1.03L

Chief Financial Officer (CFO) earns Rs 29L p.a Most people in this job have more than five years’ experience in related jobs. The highest paying skills associated with this job are Business Strategy, Strategic Planning, Fundraising, Budget Management, and Financial Analysis. Experience strongly influences salary for this job.
Salary – 8.9L – 63L
Bonus – 8K- 12L
Profit Sharing – 0 – 24L
Total pay – 9.7L-72L

 

 

 

Egyptian IMA Member

Posted on by osamawagdi

According to IMA; As the number of IMA members increase in the Middle East, the IMA is able to gather enough data to create country-specific reports on several countries in the region, including info on CMA salary in Egypt.
Typical Profile of an Egyptian IMA Member
There are more than 1,900 IMA members in Egypt, and 77 members (4%) participated in this survey.
Similar to the profile of other respondents in the region, a typical IMA member from Egypt is likely to be male (79%). All of them have bachelor degree, and 58% of them are CMA certificate holder. However, unlike those from UAE, only 6% have advanced degree. They are also slightly younger with an average age of 38.
The mean salary and compensation (i.e. basic salary + benefits) for IMA members in Egypt is $10,467 and $27,476 respectively. This is significantly less than the global average.