Salary of a CFO in India: Company, City and Experience Wise CFO Salaries

Q: What is the salary of the CFO?

The average Chief Financial Officer salary in India is?13,514,757.

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A Chief Financial Officer is a senior corporate executive whose main function is to look after the overall planning and management of a company’s financial affairs. The primary duty of the CFO is tracking cash flow and financial planning. and also analyzing the strengths and weaknesses and taking corrective measures..

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In the last few years, it has been found that there has been a job growth of 0.6% from 2019 to 2024. For companies in low growth industries whose revenue was increasing, account CFOs are associated with 19% greater cost efficiencies.

The average annual salary of a CFO ranges between INR 3 - 4 LPA. However, the salary ranges with experience, organization, skills, and location of the company. Some companies offer INR 20 LPA to highly qualified and experienced CFOs.

Table of Content

What Does a Chief Financial Officer Do
Chief Financial Officer Salary in India

2.1 City Wise

2.2 Organisation Wise

2.3 Specialization Wise

2.4 Gender Wise

2.5 Experience Wise

Skills Required to Become a Chief Financial Officer
Salary of a CFO: FAQs

What does a Chief Financial Officer Do?

A CFO is the third-highest position in a company after CEO (Chief executive officer) and CCO (Chief Operation Officer.
People in this position play a significant role in the company's investments, capital structure, and how the company manages its income and expenses. There is a corporate officer also to assist them with forecasting, cost-benefit analysis, and obtaining funding for various initiatives.
The CFO is required to work in coordination with other senior managers. CFO is a vital participant in a company's overall success, especially when it comes to the long run. For example, if the marketing department wants to launch a new campaign, the CFO will have to make sure that the campaign is feasible or give input regarding the funds available for the campaign.

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CFO Salary in India

The average Chief Financial Officer salary in India is INR 3,429,473 LPA. However, the range can vary depending upon a number of factors like experience, city, size of the company, skills, etc.

Salary of a CFO: City-wise

City	Average Annual Salary
Mumbai	INR 60,40,000 LPA
Bengaluru	INR 60,00,000 LPA
Delhi	INR 47,80,000 LPA

Salary of a CFO: Organization Wise

Organisations	Average Annual Salary
Reliance	INR 21.6 - 27.6 LPA
Tata Sons’ Group	INR 21.45 LPA
Infosys	INR 38.3 LPA
TCS	INR 81- 103.5 LPA
ICIC securities	INR 36 - INR 46 LPA

Salary of a CFO: Specialization wise Salary

Specializations	Average Annual Salary
Accountant	INR 3,51,150 LPA
Economist Radiologist	INR 3,00,000 LPA
Operator	INR 3,60,000 LPA

Salary of a CFO: Gender-Wise

Male	Female
INR 1,35,14,757	INR 1,35,14,757

Salary of a CFO: Experience-wise salary

Experience	Average Annual Salary
Fresher (0-1)	INR 3,00,000
Mid Experienced ( 5-10)	INR 34, 10, 800
Experienced ( > 10)	INR 75,40,300

Skills required to become a CFO

Leadership skills	Mergers and Acquisitions	Forecasting
Risk Management	Financial Modelling	Legal expertise
Communication skills	Budget Management	Commerce

Salary of a CFO: FAQs

Ques. What is the best way to become a CFO?

Ans. The best way to become a CFO is to get your base in Public accounting, work in the finance group of a large organization, work in as many different sizes and complex organizations/divisions as you can, focusing on utilizing finance to help the organization make good business decisions, get your MBA, get increasing responsibilities and experiences and then you might be ready.

Ques. What is the salary of the CFO?

Ans. The average Chief Financial Officer salary in India is ?13,514,757.

Ques. How can I become a chief financial officer in India?

Ans. First of all, you would need professional qualifications in finance. Usually, CA or MBA are the requirements. Commenting on the Indian scenario, most CFOs are CAs, because of their proficiency in guiding companies through the complex regulatory landscape. When you see adverts for CFOs, the qualification requirements are usually CA+ CS.

Ques. How many years does it take to become a CFO of a company?

Ans. I feel this differs from person to person. There are no such fixed years which it takes to become CFO. Of course, having a good education will put you a little ahead of the race. But, it all comes down to hard work, talent, and your relationships with the people of your company.

Ques. What are the skills that one should have to be a CFO?

Ans. Some of the top skills required to become a CFO and earn a high salary are:

Strategic thinking and business savvy
2. Information management and accounting
3. Capital access and management
Value-adding through financial engineering and management
Organizing and managing people

Ques. What are the duties of a CFO?

Ans. A CFO has a highly complex job as it involves managing all the financial aspects of an organization. They supervise the accounting department, share data and insights with the necessary stakeholders, and ensure that the business functions in compliance with the relevant regulations. Paying dividends to the shareholders and filing taxes for the organizations are a few other vital responsibilities that CFOs bear.

Ques. Is a master's degree important to be a CFO?

Ans. It is not to have a master's degree to become CFO, but many recruiters prefer to have candidates with a Master of Business administration degree because this degree enhances the skills that are required to be a CFO.