Candidates, after completing an MBA in Accounting, can opt for the Cost Accountant Jobs. The salary of a Cost Accountant can be up to INR 5 LPA as an entry-level professional. It can go very high if a person joins a high-profile position like that of a finance manager or a financial controller.
The average Cost Accountant salary after doing an MBA in Accounting from IIMs ranges somewhere between INR 25 – 30 LPA. Experience also plays an important role in salary increments, where the mid to top professionals receive a great upsurge in pay based on their experience and managerial skills. The Cost Accountant salary in India is different as per designation and city, but it can be expected to start somewhere around INR 2.5 LPA in junior positions and can get up to INR 20 LPA or maximum in big cities as Cost Accountant Head or even a Finance Director.
Cost Accountant Salary in India as Per Designation
The Cost Accountant salary varies with designation, experience, and industry. Cost Accountants at the entry level or at the junior level, who have less than 2 years of experience, can have a salary of INR 2.5 lakhs per annum. The candidates can get better salary prospects by enrolling in the courses, as a PG Diploma in Finance or PG Diploma in Management.
Cost Accountant Salary in the Private Sector in India
The MBA Accounting salary in the private sector is usually competitive, which can have higher increments and bonuses that depend on performance. The Cost Accountant salary in India in the private sector is usually between INR 5 LPA and 10 LPA, with a rise in salary as one acquires more experience and leadership roles.
Cost Accountant Salary in the Government Sector in India
The government sector is one of those sectors that offer stable MBA Accounting jobs with regular pay grades and benefits, as compared to the private sector. Here is the complete table on MBA Accounting jobs in the government sector.
Cost Accountant Salary in Top Cities in India
In India, Cost Accountant salary in the leading cities changes based on the location, experience, and job position. Cities such as Bangalore, Mumbai, Chennai, Hyderabad, and New Delhi offer junior-level Cost Accountants with an initial salary of between INR 2.5 LPA to 4 LPA.
Read more about MBA in Finance
Cost Accountant Salary in India FAQs
What is the average salary of a Cost Accountant in India in 2025?
The average Cost Accountant salary in India is approximately INR 6.75 lakh per year, but this can be widely varied depending on the location, experience, and the company providing services. Generally, larger metropolitan cities pay a better rate than smaller towns, and an experienced professional may make a much higher rate.
What is the difference between a Cost Accountant and a CMA?
A Cost Accountant is a cost and management accountant, whereas CMA (Certified Management Accountant) is a certified trademark, granted by an institute, of expert knowledge in terms of financial planning and analysis.
Which is better, CA or a cost accountant?
Generally, CAs are taken to be apt towards the broader auditing, tax, and accounting roles that may require higher salaries in India, and a Cost Accountant is considered a better fit towards a cost control, budget, and internal management role that is shorter in course duration.
Is cost accounting a good profession?
Cost accounting is listed as a good career option, especially in India, as a good number of companies within the manufacturing, IT, consultancy, and public sectors require this sector. The role comes with the responsibility to control costs, budget, analyze finances, and make strategic decisions, which affect the efficiency and profitability of businesses. Earning opportunities are also good and can multiply with time and further qualifications.
What are the MBA Accounting jobs that the candidates can opt for?
The candidates can opt ot work as the Finance Controller, the Finance Advisor, Risk Manager, Finance Analyst, etc. These career paths exist in a wide variety of areas including privately-owned enterprises, consulting firms, government-owned entities, big banks, investment firms, accounting firms with large firms (Big 4) and also in startups. The MBA Accounting is not only stepping stone towards conventional accounting position, but it is also stepping stone towards strategic finance and general business management positions, which leads to executive positions.
