Today we are going to talk about the salary of ICWA in India in detail. The aim of the Institute of Cos and Works Accountants of India is to satisfy the rising world demand for quality price management by building on and regulation price business in India. ICWA release a world of opportunities for aspirants in fields like management and practice. Here we will discuss in details about the salary of ICWA on there working experience, job tittle, certification and skills.
What is the salary of ICWA by job criteria ?
There are lot of query about the Salary of ICWA India which we are going to answer. The ICWA Cheif Financial Officer gets the salary between Rs 1,795,996 – Rs. 6,853,512 as highest pay according to job tittle. The salary differs according to the post. Checkout below table to know more about the income of ICWA according to the job title-
| Job | Average Salaries (Per Annum) |
|---|---|
| Chief Financial Officer | ₹ 1,795,997 – ₹ 6,853,512 |
| Cost Accountant | ₹ 118,149 – ₹ 800,000 |
| Internal Auditor | ₹ 150,000 – ₹ 987,342 |
| Finance Manager | ₹ 563,739 – ₹ 1,534,429 |
| Assistant Finance Manager | ₹ 293,433 – ₹ 875,857 |
Salary of ICWA by Industry
The trends in pay replicate major variations with variations within the forms of trade that people with Associate in Nursing ICWA certification are operating for. Whereas your skills can influence your selection of trade during a major approach, it’s recommended to form your selection a touch versatile and a minimum of explore your possibilities in one or 2 industries that don’t seem to be extremely your 1st selections. Here could be a list of remunerations offered in leading industries:
| Industry | Average Salaries(Per Annum) |
|---|---|
| Banking | ₹ 530,000 |
| Information Technology or IT | ₹ 1,017,369 |
| Consultancy | ₹ 712,244 |
| Manufacturing and Distribution | ₹ 884,695 |
| Telecommunications | ₹ 1,300,000 |
| BPO or Business Process Outsourcing | ₹ 498,453 |
| Financial Services | ₹ 400,000 |
ICWA Income based on Degrees
Your tutorial qualification can verify the approach your pay structure are designed. But attempt to decide what reasonably influence your degree can wield on hikes, advantages and different perks. Here could be a glimpse of the typical salaries fetched by totally different degrees attained by individuals:
| Degree | Average Salaries(Per Annum) |
|---|---|
| Master of Business Administration or MBA | ₹ 121,084 – ₹ 2,936,142 |
| Bachelor’s Degree | ₹ 236,818 – ₹ 2,421,565 |
| Bachelor of Commerce, Commerce Economics | ₹ 210,000 – ₹ 3,000,000 |
| Master of Commerce or MCom | ₹ 587,000 – ₹ 1,600,000 |
| MBA or Master of Business Administration , Accounting, Finance | ₹ 450,000 – ₹ 1,650,000 |
| Bachelor of Commerce | ₹ 124,516 – ₹ 1,610,731 |
| Bachelor of Commerce, Accounting and Finance | ₹ 292,332 – ₹ 2,153,676 |
| Bachelor of Commerce/BCom, Finance | ₹ 243,000 – ₹ 2,200,000 |
| MBA or Master of Business Administration , Finance | ₹ 98,920 – ₹ 5,526,606 |
Salary of ICWA based on skills
Whatever job you are doing to sustain for long you need have quality skills and salary is what pay for your skills. If you planning to do MBA in Finance you can check the salary of MBA after completing your studies. Below table will show show you the salary of ICWA India based on there skills –
| Skills | Average Salaries(Per Annum) |
|---|---|
| Accounting | ₹ 828,012 |
| Microsoft Excel | ₹ 534,952 |
| Account Management | ₹ 489,796 |
| Financial Reporting | ₹ 900,000 |
| Financial Analysis | ₹ 710,000 |
| Microsoft Office | ₹ 554,811 |
| Microsoft Word | ₹ 460,000 |
| Accounts Payable | ₹ 614,627 |
| Senior Financial Management | ₹ 2,195,455 |
Salary of ICWA by Experience
The Institute of Cost and Work Account of India employees gets a handsome salary package because experience matters a lot. Your salary is directly proportional to your hard work.
The list of salary of Institute of Cost and Work Accountants of India variations drawn on the basis of experience in respective fields can help you compare your current pay with that mentioned here as well:
| Experience | Average Salaries(Per Annum) |
|---|---|
| Less than a year | ₹ 291,632 |
| 1-4 years | ₹ 422,151 |
| 5-9 years | ₹ 732,025 |
| 10-19 years | ₹ 1,149,211 |
| 20 years and more | ₹ 2,904,452 |
ICWA Salary by Cities
The various maritime organizations, shipping ports and firms and every one different verticals associated with the shipping and maritime business confirm salaries for marine engineers (both for onshore and offshore positions) supported value of living index in several locations.
As many of you know that ICWA employee earns an amazing salary and apart from that they also enjoy many benefits and perks. Here we are going to tell the salary of ICWA based on the cities they are working in. You will get to know here about the Average Annual salary of Institute of Cost and Work Accountant of India based on there location of work.
The costs of living in different cities play a crucial role in the preparation of pay structures of ICWA in India. Here is more:
| Cities | Average Salaries(Per Annum) |
|---|---|
| Hyderabad, Andhra Pradesh | ₹ 530,000 |
| Bengaluru, Karnataka | ₹ 915,615 |
| Pune, Maharashtra | ₹ 515,000 |
| Mumbai, Maharashtra | ₹ 813,892 |
| Gurgaon, Haryana | ₹ 1,099,420 |
| Chennai, Tamil Nadu | ₹ 780,000 |
So that’s it for now. Hope you have got all your answers, if there any question coming in your mind you can ask in our comments section. Stay tuned for more info.