Careers in ICWAI

The Cost and Management Accountants facilitate strategic management decision in respect of economic activities of an organization by their sheer expertise. Study of Cost & Management Accountancy provides in depth knowledge and perspective to manage business under given circumstances. This is a field which provides satisfaction in terms of position as well as remuneration for successful candidates.

The Institute of Cost and Works Accountants Of India, the only professional body specialized in the field of Cost and Management Accountancy in India aims at imparting coaching and training in the subject of Cost & Management Accountancy. It was established by an Act of Parliament in the year 1959, though the same was in existence as a company since 1944. The Institute has four Regional councils in the Metro cities.

Course: The course is divided into Intermediate and Final with eight papers each. Both has two Stages with 4 papers each. According to the revised syllabus, along with the 8 papers in the Intermediate, two group discussions, two seminars and also computer Hours(50) has been included.

After one clears all the eight papers in the Intermediate, one can go in for the final. In the final along with the 8 papers; Dissertation (5000 words), Computer (100 hours ), Modular training (15 days ),Audit / Industrial training (6 months) is included.

10+2 candidates has to complete the Foundation Course of the institute to join the Intermediate course.

Eligibility: Candidates with 10+2 qualification can join the Institute's Intermediate course after qualifying the Foundation Course examination of the Institute. Students awaiting result of 10+2 examination may be permitted to appear in the Foundation Course examination. Similarly students awaiting result of Graduation examination may also avail the facility of provisional registration. Direct Registration without appearing for the Foundation course is open to Graduates of any discipline.

Examination: Examinations held twice in a year during the month of June and December and are conducted at various centers of the country and also at three Overseas Centres – Dubai, Sultanate of Oman and Botswana for overseas students.

For further details incumbent may obtain a copy of the Prospectus of the Institute, which costs Rs. 100/- and is available from the Institute’s headquarters at 12, Sudder Street, Kolkata – 700016, e-mail: Contact Us or from its four Regional Councils.

Related Informations

Subject Covered

Foundation Course:—

  1. Organisation and Management Fundamentals
  2. Financial Accounting Fundamentals
  3. Economics and Business Fundamentals
  4. Business Mathematics and Statistics Fundamentals

Intermediate Course: (Stage I)

  1. Cost and Management Accounting
  2. Information Systems and Technology
  3. Business Laws and Communication Skill
  4. Business Taxation

Intermediate Course: (Stage II)

  1. Management Accounting – Performance Management
  2. Advanced Financial Accounting
  3. Auditing
  4. Quantitative Methods

Final Course: (Stage III)

  1. Operations and Project Management & Control
  2. Advanced Financial Management and International Finance
  3. Strategic Management and Marketing
  4. Strategic Tax Management

Final Course: (Stage IV)

  1. Management Accounting – Decision Making
  2. Management Accounting – Financial Strategy and Reporting
  3. Cost Audit and Management Audit
  4. Valuations Management and Case Study

Coaching & Training:— The Institute offers two types of tuition – Postal through its four Regional Councils situated in four metropolises – Mumbai, New Delhi, Chennai and Kolkata and Oral through its more than 106 affiliated Oral Coaching Centres spread all over the country. With a view to bridge the gap between theoretical knowledge and to emphasis practical orientation training requirements for ICWAI students have been presented as given below:—


  1. Group Discussions - 2 nos.
  2. Business Communication Seminars – 2 nos.
  3. Computers hands on – 50 hours


  1. Dissertation – 5000 words.
  2. Computer Hands on – 100 hours
  3. Modular training – 15 days
  4. Audit / Industrial training – 6 months

Fee Structure

The fee structure of the Institute is given below: Registration Fee:— Rs. 300 (to be paid one time only)

Coaching Fee Postal Oral
1000 (including study materials)

Examination Fee:

Rs. 400
Rs. 400 (Any one stage) Rs. 450 (Any one Stage)

Rs. 800 (Both Stages)
Rs. 900 (Both Stages)


For further details incumbent may obtain a copy of the Prospectus of the Institute, which costs Rs. 100/- and is available from the Institute’s headquarters at 12, Sudder Street, Kolkata – 700 016, e-mail : Contact Us or from its four Regional Councils.

Job Prospects

ICWAI passed candidates can hold top management positions, Viz. Managing Director, Finance Director, Financial Controller, Accountant, Cost Controller, Finance Manager, Chief Internal Auditor etc. in public and private sector organisations. Fellow members of the Institute would be treated at par with the persons holding Ph.D. degree as far as appointment in the posts of Professor, Associate Professor, Reader, Asstt. Professor and Lecturer in Professional / Management Institutes are concerned.

They can also find self employment in the following areas.

  • Mandatory Cost Audit under Section 233(B) of the Companies Act, 1956.
  • Certification under Export & Import Policy.
  • Excise Audit under Section 14A of the Central Excise Act and Special Audit of Modvat Credit availed of under Section 14AA of the Central Excise Act.
  • Certification of manufacturing account as per Customs Act.
  • Consultancy assignments.

Regional Councils

84, Harish Mukherjee Road, Kolkata – 700 025
Ph. No. 455-3418/5957, Fax No. 91-033-4553418
3, Institutional Area, Lodi Road, New Delhi – 110 003
Ph. No. 461-5788, 462-6678, 464-4630/4692/4430
Fax No. 91-011-4622156, e-mail: Contact Us

4 (old no 65) Montieth Lane, Egmore, Chennai – 600 008
Ph. No. 855-4443/4326, 872-2772
Fax No. 91-044-8554651
e-mail: Contact Us

Rohit Chambers, Janmabhoomi Marg, Mumbai – 400 001
Ph. No. 287-2010, 204-3416/06, 284-1138
Fax no. 91-022-2870763
e-mail: Contact Us

12, Sudder Street, Kolkata - 700 016
Phones: 244-1031/34/35, 245-0602/0492
Fax: 91-33-2440993, 91-33-2450026

Directorate of Studies:-Phone: 033-2441392, e-mail: Contact Us

Chapters located at almost all State Capitals and major towns of the country.

Name of the Chapters:— Regionwise

1. Western Region :
Ahmedabad, Aurangabad, Baroda, Bhilai, Bhopal, Bilaspur, Chandrapur, Goa, Indore-Dewas, Jhagrakhand-Chirimiri, Kalyan-Ambarnath, Kolhapur-Sangli, Korba, Nagpur, Nasik-Ojhar, Pune, Rajkot, Surat-South Gujarat, Vindhyanagar and Kutch-Gandhidham — Total 20

2. Eastern Region:
Agartala, Asansol, Bokaro Steel City, Cuttack-Bhubaneshwas, Dhanbad-Sindhri, Durgapur, Farakka, Gangtok-Siliguri, Guwahati, Howrah, Jamshedpur, Jajpur-Keonjhar, Kalyani, silchar, Kharagpur, Naihati-Ichapur, Patna, Rajpur, Ramgarh, Ranchi, Rourkela, Sambalpur, Serampore and Talcher-Angul — Total 24.

3. Southern Region:
Bangalore, Bhadravathi-Shimoga, Cochin, Coimbatore, Godavari (Rajahmundry), Hyderabad, Kolar Gold Fields, Kothagudem, Kottayam, Madurai, Mangalore, Mettur-Salem, Mysore, Nellai-Pearl City (Tirunelveli-Tuticorin), Neyveli, Palakkad, Pennar (nellore), Pondicherry, Ranipet, Tiruchirapalli, Trichur, Trivandrum, Ukkunagaram (near Visakhapatnam), Vijayawada and Visakhapatnam — Total 25.

4. Northern Region:
Ajmer, Allahabad, Chandigarh-Panchkula, Dehradun, Faridabad, Ghaziabad, Gorakhpur, Gurgaon, Hardwar-Rishikesh, Jaipur, Jalandhar, Jodhpur, Kanpur, Kota, Lucknow, Ludhiana, Mankapur, Naya-Nangal, Noida, Patiala, Srinagar, Udaipur and Jhansi — Total 23.