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Huge demand for cost accountants

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K.K.K. (Professional) (131 Points)
Replied 13 January 2012

Just playing " CMA-CA" game?

What value addition this game will make to all the participants of this game?

Just come to any fruitful discussion which will give some worth to the vauable time of all.

1 Like


CMA. Rakesh Kataria (Practising Cost Accountant)   (531 Points)
Replied 13 January 2012

You are correct mr. K.K.K. , When we were students that time there were no fight between CWA and CA students, we share our written notes each other as that time syllabus was almost same in both cources.

Now due to opposition by ICAI of ICWAI name change whole issue become hot, students of both the institues start fighting each others.

i always adivise  students better to finish degree first and than work hard to get your desiered goals, in the industry both degree is equal value,

 

 

 


K.K.K. (Professional) (131 Points)
Replied 13 January 2012

I hope others will also understand.



(Guest)

 

Dear Friends , 

i would like to share salary survey of CWA vs CA,, This is fresh survey available till date. Please find the survey on diffrent category;

1) Salary based on Expericne

 

 

 
national salary data
Employees with a Institute of Cost and Works Accountants (ICWA) Certification
Median Salary by Years Experience
Years Experience
National Salary Data (?)
0 900K 1.8M 2.7M
Less than 1 year 230,242  
 
 
     
1-4 years 349,176  
 
 
5-9 years 688,032  
 
 
10-19 years 1,140,678  
 
 
20 years or more 2,474,081  
 
 
PayScale
Country: India | Currency: INR | Updated: 4 Jan 2012 | Individuals Reporting: 323
 Add to your site | 
|
 

 

 

 

 
national salary data
Employees with a Chartered Accountant (CA) Certification
Median Salary by Years Experience
Years Experience
National Salary Data (?)
 Rs. 0  Rs. 1M  Rs. 2M  Rs. 3M
Less than 1 year  Rs. 471,688  
 
 
     
1-4 years  Rs. 552,547  
 
 
5-9 years  Rs. 952,860  
 
 
10-19 years  Rs. 1,709,123  
 
 
20 years or more  Rs. 2,716,867  
 
 
PayScale
Country: India | Currency: INR | Updated: 4 Jan 2012 | Individuals Reporting: 3,541
 Add to your site | 
|
 

 

 

 

2. Employers wise

 

Employees with a Institute of Cost and Works Accountants (ICWA) Certification
Salary by Employer Name

 





Employer Name
National Salary Data (?)
0 0 0 0
Wipro n/a
Not enough data
     
Cognizant Technology Solutions Corp n/a
Not enough data
ABB Group n/a
Not enough data
XYZ Company n/a
Not enough data
Vodafone n/a
Not enough data
HSBC Finance Corporation n/a
Not enough data
Outsource Partners International n/a
Not enough data
NCR Corp n/a
Not enough data
Genpact n/a
Not enough data
Standard Chartered Bank n/a
Not enough data
PricewaterhouseCoopers

 ployer

 
national salary data
Employees with a Chartered Accountant (CA) Certification
Salary by Employer Name
Employer Name
National Salary Data (?)
 Rs.0  Rs.2.2M  Rs.4.4M  Rs.6.6M
Ernst and Young LLP  Rs. 295,898 - Rs.2,365,428  
 
 
     
ICICI BANK Ltd.  Rs. 406,615 - Rs.1,249,915  
 
 
Deloitte Haskins & Sells  Rs. 364,584 - Rs.1,200,175  
 
 
PricewaterhouseCoopers  Rs. 402,071 - Rs.1,787,250  
 
 
KPMG, LLP  Rs. 430,728 - Rs.3,000,000  
 
 
Genpact  Rs. 143,034 - Rs.1,409,390  
 
 
HSBC  Rs. 434,591 - Rs.4,595,787  
 
 
Deutsche Bank  Rs. 187,913 - Rs.5,514,944  
 
 
Kpmg Consulting  Rs. 391,486 - Rs.1,429,800  
 
 
Pricewaterhouse  Rs. 475,000 - Rs.1,000,000  
 
 
Accenture  Rs. 247,301 - Rs.1,806,009  
 
 
Wipro Technologies Ltd.  Rs. 496,647 - Rs.1,442,226  
 
 
Infosys  Rs. 367,663 - Rs.1,644,240  
 
 
Tata Consultancy Services Limited  Rs. 152,051 - Rs.1,775,386  
 
 
HCL Technologies Ltd.  Rs. 328,430 - Rs.6,509,750  
 
 
Tata Consultancy Services, Ltd.  Rs. 352,347 - Rs.1,787,928  
 
 
Oracle Corp.  Rs. 720,000 - Rs.1,581,914  
 
 
Airtel  Rs. 610,419 - Rs.1,537,824  
 
 
The Goldman Sachs Group, Inc.  Rs. 610,419 - Rs.1,176,063  
 
 
XYZ Company  Rs. 411,157 - Rs.1,190,952  
 
 
Vodafone  Rs. 204,634 - Rs.1,768,743  
 
 
PWC Logistics  Rs. 366,251 - Rs.1,749,791  
 
 
Price Waterhouse  Rs. 584,985 - Rs. 990,496  
 
 
Hewlett-Packard Company  Rs. 579,898 - Rs.1,756,129  
 
 
Bank of America Corp. (BOFA)  Rs. 508,682 - Rs.4,392,000  
 
 
IBM Global Services  Rs. 575,000 - Rs.1,050,000  
 
 
Standard Chartered Bank  Rs. 525,000 - Rs.1,212,000  
 
 
KPMG International  Rs. 600,000 - Rs.1,598,000  
 
 
Deloitte Touche Tohmatsu (DTT)  Rs. 540,000 - Rs. 860,000  
 
 
International Business Machines (IBM) Corp.  Rs. 707,497 - Rs.3,173,079  
 
 
PayScale
Country: India | Currency: INR | Updated: 4 Jan 2012 | Individuals Reporting: 1,545
 Add to your site | 
|
 

 

 

 

 

 

 

 

3. Salary location wise
 

 





 
national salary data
Employees with a Institute of Cost and Works Accountants (ICWA) Certification
Median Salary by City
City
Salary Data (?)
0 310K 620K 930K
Bangalore, Karnataka 902,670  
 
 
     
Chennai (Madras), Tamil Nadu 877,430  
 
 
Chennai, Tamil Nadu 618,252  
 
 
Mumbai (Bombay), Maharashtra 833,962  
 
 
Mumbai, Maharashtra 600,000  
 
 
Hyderabad, Andhra Pradesh 488,335  
 
 
Delhi, Delhi 800,000  
 
 
PayScale
Country: India | Currency: INR | Updated: 4 Jan 2012 | Individuals Reporting: 315
Employees with a Chartered Accountant (CA) Certification
Median Salary by City
City
Salary Data (?)
 Rs.0  Rs. 340K  Rs. 680K  Rs. 1.02M
Bangalore, Karnataka  Rs. 995,164  
 
 
     
Mumbai (Bombay), Maharashtra  Rs. 921,288  
 
 
Mumbai, Maharashtra  Rs. 896,776  
 
 
Delhi, Delhi  Rs. 774,676  
 
 
Pune, Maharashtra  Rs. 698,655  
 
 
Hyderabad, Andhra Pradesh  Rs. 759,937  
 
 
New Delhi, Delhi  Rs. 790,957  
 
 
PayScale
Country: India | Currency: INR | Updated: 4 Jan 2012 | Individuals Reporting: 3,469
 Add to your site | 
|
 

 

 

 

 

 

 

 

 

 

 

 


 

 


K.K.K. (Professional) (131 Points)
Replied 13 January 2012

Dear Mr. Raj Kumar Gupta,

If you dont mind, may you please tell me how much you are getting (per month/ day :) ).

(You are at complete liberty to hide your salary)

:)




K.K.K. (Professional) (131 Points)
Replied 13 January 2012



:)


CMA. Rakesh Kataria (Practising Cost Accountant)   (531 Points)
Replied 14 January 2012

One of my client needs Accounts Assistant and i have posted one vacancy on CCI we need  need PCC cleared CA, salary structure is around 150000/Annum, till date i have received at least 50 resumes of CA qualified and ready to accept the Rs.150000/annum.

 

 



(Guest)

One of Junior recently qualified CA , but not getting job , some IITian did not get placed in reccessioany period. The above salary survey was done world known firm, not by me and you. The survey was done on wroking professional not on unemployed ones.

The posting of  jobs may be done you to check jobs status of CA/CA inter. Sir Kindly check the website of payscale , i am just share the infornmation, I don not think there is back door lobby by any institutes in the survey. 


K.K.K. (Professional) (131 Points)
Replied 14 January 2012

Thanks Mr. Raj Kumar Gupta,

Thanks for supporting CA profession. I have few fiends who have cleared IPCC and few have cleared final also and are in search of JOB. If you may please help, they may get good job.

 

Please let me know what amount of salary they can expect if you could please arrange the job. please.....



(Guest)

Dear Rakesh Sir,

I do understand the importance of excluisve CMA club , just consider who is intererste there to be. Such big persnalities like you , MR Raman are regular visitos, but you find there are hardly any members active.

just imagine yourself the fame of CA club, not promote by ICAI , but public has interest , same thins is with popularity of CA or CPA across the world. People easily understand CA  as accountants may be you term them book keepers/financial accountants ,what ever but world understand only term " Accountants, which is  legacy of CACPA.  we can promote CMA any where , but it gets fame only  if general public supports it. I am not against CMA , because it is part of accounting profession, but can not stop promoting me accounting as my profession , which we all get from CA/CPA or and assigned digisnatiion.

Thank you.




harsh (nothing) (86 Points)
Replied 14 January 2012

Originally posted by : CMA. Rakesh Kataria

One of my client needs Accounts Assistant and i have posted one vacancy on CCI we need  need PCC cleared CA, salary structure is around 150000/Annum, till date i have received at least 50 resumes of CA qualified and ready to accept the 150000/annum.

 

 

MR. CMA. RAKESH KATARIA What do you want to show!!!! In my  office there are two recently qualified cwa are coming regularly for asking any job opportunity and the salary they quoted is Only 7500/-Pm.

What does that indicate?????Sir never take the advantage of other condition!!!!!

Sir, instead of checking the job or blaming the ca or ca course its better that you should correct your own house(profession) first.And the question of putting job requirement on this forum and now published the data --with these kind of behaviour i think your account should be banned because firstly you are putting the fake vacancy and consequently publish the data and proving yourself very smart.God help you!!!!!!
 

1 Like

CMA. Rakesh Kataria (Practising Cost Accountant)   (531 Points)
Replied 14 January 2012

 According me only 20% CA/CWA is getting the package given in the above survey, rest are getting less packages,

also it is on you how much you can get from your employer, you need to create your value in your organization, owner only see cost/benefit of employees. if you create more value than other professional than certainly you will be get more remuneration than your other associates.

I always tell to young professional, if you want to grown, you need to work at least 3 years in factory and learn the following

  1. Production process/Flow
  2. Production planning
  3. Production reports and control process
  4. Types of raw material and consumption pattern of various materials in the production process
  5. Material Accounting in the factory,
  6. Cost accounting in the factory, as per Cost Accounting standards issued by ICWAI
  7. Quality control system and reporting and control
  8. Product development and Costing process in that stage
  9. Packaging process / Packaging materials/ Packaging requirements of finished goods
  10. Compliance requirements at factory level, Local/state/central government requirements
  11. Productivity analysis of machineries/production process/equipments etc.

All above if you learn and mix it with your financial knowledge than you will grown vary fast in any organization, I have seen so many cost Accountant’s who have v good engineering knowledge of particular industry  and  they are playing key roles in Birlas/Tatas/reliance etc.

So only knowledge of B/S, P&L, Cash flow , Income Tax and  financial analysis is not enough to go top of the ladder

You need to have overall knowledge of that particular industry

    

 

1 Like


(Guest)

Dear Rakesh Sir,

I aggreed with Mr harsh , no fake vacancy should be given just to demoralise  any students. 

sir the above is survey by Pay scale research company , not by any one of us. 

1 Like


(Guest)

Sir ,

you are members of CA club and CMA CWA india , just think how much time you spend there (CMA India ) so that you can contribute to promote  CWA , directly or indrectly , you are here helping to promote CA profesion, which i appreciates because criticims and remakrs help to improve.




CMA. Rakesh Kataria (Practising Cost Accountant)   (531 Points)
Replied 14 January 2012

Dear Harsh

As far as fake vacanies are concerned, it may be your perception, whatever we put in CCI is  real vacancy, We have sorlisted the candidates from monday onwards we will start interviews, I have great respect for CA profession so ,we are not calling  CA final passed candidates for this post, only CA inter will be called for the same. 

We have vacancy for the Assistant Cost acountant also, we put vacancy in the CCI, till date only 3 resumes we get, all are from out side mumbai, if you have Cost Accountant than pl. ask them to send resume on my ID rakesh @ kataria-associates.com, we are ready to pay Rs. 15000/month, candidate needs to work in Bhiwandi factory.

We need to understand the situation, on 18th Jan. CA final result will be declaried if result will be like the last time than situation will be worse, MBA's finance are coming in the market like the flood.  Supply of finance profsional is more than requirements of the industry.  either supply side should be restricted or demand should be created, second option is on government, how to handle our economy, if our economy grow at 10 % than we need 10,000 CA/CWA every year.  

  

 



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