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CFO Salary in India

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How much does a CFO make in India? The average CFO salary in India is ₹13,412,646 as of March 18, 2021, but the range typically falls between ₹6,173,841 and ₹26,134,542. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.

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Global Market Data
50TH(Median) ₹13,412,646 25TH ₹6,173,841 75TH ₹26,134,542

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Skills to Boost a CFO Salary

Mastering key skills can significantly increase your earning potential as a CFO. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 6% salary raise, while strong General Ledger skills boost pay by a 3%. Even Accounting Software can result in a 1% salary increase.

Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
General Ledger
Creating and keeping track of business transactions and activities to monitor financial operations.
Accounting Software
Accounting software makes it easier for business owners to manage financial procedures, performing financial tasks correctly and quickly.
More Skills...
Based on recent job listings, in-demand skills in the CFO field include Analysis (6%), General Ledger (3%), Accounting Software (1%), Microsoft Office (1%), and Business Administration (1%). These skills reflect current market needs.
Skills Salary Demand
Skill & Salary Demand
Analysis ₹14,217,405
Analysis
₹14,217,405
6%
General Ledger ₹13,815,026
General Ledger
₹13,815,026
3%
Accounting Software ₹13,546,773
Accounting Software
₹13,546,773
1%
Microsoft Office ₹13,546,773
Microsoft Office
₹13,546,773
1%
Business Administration ₹13,546,773
Business Administration
₹13,546,773
1%
Analysis
6.83%
General Ledger
1.18%
Accounting Software
2.40%
Microsoft Office
0.83%
Business Administration
5.73%
Job Openings for CFO
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About India

India (Hindi: Bhārat), officially the Republic of India (Hindi: Bhārat Gaṇarājya), is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west;[f] China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands shar...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia

CFO Pay Difference by Cities

City, Country Compared to national average
City, Country Mumbai, IN Compared to national average
+ 8.4%
City, Country Jaipur, IN Compared to national average
-9.2%
City, Country Kanpur, IN Compared to national average
-6.6%
City, Country Lucknow, IN Compared to national average
-12.4%
City, Country Nagpur, IN Compared to national average
-16.3%
City, Country Indore, IN Compared to national average
-14.5%
Employees with CFO in their job title in Mumbai, IN earn an average of 8.4% more than the national average. The lower salaries can be found in Nagpur, IN (16.3% less), Indore, IN (14.5% less), Lucknow, IN (12.4% less), Jaipur, IN (9.2% less), Kanpur, IN (6.6% less).

Understand the base salary paid range for a CFO in India

Average Base Salary

Core compensation

6173841
26134542
13412646
The chart shows the base salary for CFO ranges from ₹6,173,841 to ₹26,134,542 with the average base salary of ₹13,412,646. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the CFO may get paid difference by industry, location, and factors.

CFO Frequently Asked Questions in India

What is the salary range for a CFO in India? What is the average hourly rate?

The average salary for a CFO in India is ₹13,412,646 per year. The salary range for a CFO is between ₹6,173,841 and ₹26,134,542. While we are seeing hourly wages as high as ₹12,565 and as low as ₹2,968, the majority of CFOs are currently paid an average of ₹6,448 in India. The average salary pay range for a CFO can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a CFO in India can differ based on any or all of these varying factors. March 18, 2021 salary.com )
Why should you negotiate salary for a CFO role? What are effective negotiation strategies?

Most hiring managers in India expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the CFO position that you can in India. This starting salary of the CFO position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the CFO position in India, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs. March 18, 2021 salary.com )
How do you evaluate the advantages, opportunities, and salary for a CFO role located in large metropolitan city or in a small town?

Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of a CFO in the India can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. a CFO job in a large city of the India may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the India also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which CFO job is right for you. March 18, 2021 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap
Last Update: March 18, 2021