Most lists of companies hiring CMAs in India are written from memory. This one is counted. On 24 October 2026, 337 live vacancies on CA Samaaj named CMA, ICWA, CWA or “cost accountant” in their qualification or description, posted by 24 employers on their own career sites. The table shows the employers with the most of those listings, where the roles were and what they were called. Counts change every day as roles open and close, so treat this as a snapshot and check each company’s page for what is open now.
The employers behind the listings
| Employer | Listings naming CMA | Main cities | Typical roles advertised |
|---|---|---|---|
| Accenture | 166 | Gurugram, Bengaluru, Jaipur | FP&A analyst and specialist; record to report operations |
| Genpact | 40 | Gurugram, Noida, Hyderabad | FP&A specialist, business finance manager, payables delivery lead |
| Deloitte | 33 | Bengaluru, Mumbai, Ahmedabad | Consultants and managers in SAP FICO, finance transformation and advisory |
| EXL | 23 | Noida, Bengaluru, Kochi | Assistant managers and managers in finance and accounting operations |
| EY | 21 | Bengaluru, Chennai, Mumbai | Tax analysts and executives, forensic and advisory consultants |
| Amazon | 10 | Bengaluru, Hyderabad, Mumbai | Finance managers, indirect tax, finance operations |
| BNY | 9 | Pune | Fund administration, external reporting, accounting specialists |
| Goldman Sachs | 5 | Bengaluru | Regulatory, corporate and product controllers |
| State Street | 5 | Mumbai, Coimbatore | Corporate actions, derivatives and collateral operations, bank loans |
| JPMorgan Chase | 4 | Bengaluru, Mumbai | Entity controller, private fund and private equity fund accounting |
| Standard Chartered | 4 | Bengaluru, Chennai | Country regulatory reporting, direct tax |
| KPMG | 3 | Bengaluru, Pune | Oracle finance and SAP FICO roles |
Bank of America, Nomura, HSBC, McKinsey, Barclays and Infosys each had one or two such listings on the same day, in roles ranging from financial control to general accounting and SAP FI.
What the numbers say about where CMAs are hired
Two features stand out. First, finance operations and capability-centre employers dominate: Accenture, Genpact and EXL alone account for more than two-thirds of the listings. Their qualification lines typically read “CA/MBA/CFA/CMA preferred” for FP&A, or “Bachelor of Commerce, CA Inter, CMA” for record-to-report roles, which is why these employers are also the main entry point for semi-qualified candidates. Genpact’s titles carry internal bands such as 4A to 4D, where the later letter means a more senior role.
Second, the banks and custodians list fewer roles but more specialised ones: Goldman Sachs’s controllers in Bengaluru, JPMorgan’s entity control and fund accounting, Standard Chartered’s regulatory reporting, BNY’s fund administration in Pune. These reward precise accounting and an understanding of financial products.
What each kind of employer looks for
Finance operations firms want month-end close and reconciliation experience, SAP or Oracle, strong Excel and readiness for shifts aligned to clients abroad. Consulting firms want systems aptitude and the ability to explain costing logic to a client; for SAP roles, configuration experience or certification. Banks and custodians want accuracy at volume and product knowledge. Technology companies such as Amazon look for commercial understanding and, increasingly, data skills. Statutory audit sign-off at the Big 4 is reserved for chartered accountants, so CMAs there are hired mainly into consulting, advisory and tax.
Employers you will not see much in online listings
Many manufacturers, public sector undertakings and practising cost audit firms hire CMAs mainly through ICMAI’s campus placement, their own recruitment notices or referrals. They are missing from the table because of how they recruit; their demand for CMAs is steady. The ICMAI campus placement guide explains how to reach them, and the jobs after CMA guide covers plant costing and cost audit careers.
Using this data in your search
If you are tied to a city, start with its page: Delhi NCR has the most CMA listings because of the operations centres in Gurugram and Noida, followed by Bangalore and Mumbai. If you are flexible, pick the employer type whose work you want and read the qualification and experience lines in each listing before applying. Tailor the top of your CV to that employer type: close ownership for operations firms, modules configured for consulting, products and data for banks.
How the count was made
Every live vacancy on CA Samaaj comes from an employer’s own career site and is checked regularly for closure. For this snapshot, a vacancy counted if its qualification line or description named CMA, ICWA, CWA, ICMAI or “cost accountant”; listings naming only the US credential, covered in our guide to US CMA jobs in India, were left out. City and role columns show the most frequent values among each employer’s listings. Because the same team often posts several similar roles at once, a high count reflects hiring volume rather than the number of different jobs.
What to ask each type of employer
At an operations firm, ask how analysts move into FP&A or controllership and how long that usually takes. At a consulting firm, ask how staffing on projects works and whether you can choose a sector. At a bank or custodian, ask which business and region the team supports. At a technology company, ask which decisions your numbers will feed. The answers tell you whether the employer type suits the career you want, which matters more than the brand.
Quick answers on CMA employers
Which company hires the most CMAs in India?
On CA Samaaj’s live listings on 24 October 2026, Accenture had by far the most vacancies naming CMA, followed by Genpact, Deloitte, EXL and EY. Campus recruiters such as PSUs and manufacturers also hire large numbers through ICMAI.
Do Big 4 firms hire CMAs?
Yes, mainly into consulting, finance transformation, advisory and tax. Statutory audit sign-off requires a chartered accountant.
Which companies hire CMA freshers?
Capability centres and finance operations firms hire the most entry-level candidates, alongside campus recruiters through ICMAI. See fresher jobs and the CMA salary guide for what these roles pay.
Data counted from live CA Samaaj listings on 24 October 2026; listings change daily. Last reviewed on 24 October 2026.
