The CPA course fees in Mumbai will undoubtedly determine your journey toward achieving the golden qualification of Certified Public Accountant. Not only is pursuing the CPA course about the cost, but also a commitment toward becoming an accounting professional recognized around the world. The full form of CPA is Certified Public Accountant, and this is the gold standard in the accounting and finance industries around the globe.
The CPA course fees in Mumbai are ₹2,50,000 to ₹3,50,000. This fee includes tuition fees, registration fees, study materials, and all other exam-related charges. The amount paid for the fees of the CPA course in Mumbai is pretty high, but the payback is immense since CPAs are in huge demand by multinationals and Big Four accounting firms.
It would discuss the cost of pursuing the CPA course followed by an elaborative discussion about what one may expect from the syllabus, eligibility, and training programs in Mumbai.
What is a CPA?
The acronym CPA stands for Certified Public Accountant. A CPA is an accounting professional qualified in, inter alia, subjects such as financial reporting and taxation, auditing, and business strategy. The American Institute of Certified Public Accountants is considered the most recognized professional organization in the world. And their certification makes them suitable as the gold standard in accounting. By taking advantage of unlimited career possibilities in different fields and countries. Something about CPAs is that accounting is not required.CPAs are strategic advisers to organizations on matters of making financial decisions; they do not perform bookkeeping. Their competency may be quite needed in those fields like risk management, corporate finance, or regulatory compliance. Due to the international adaptability displayed by a CPA towards various financial and legal systems, certification creates doors for worldwide prospects in careers.
This includes entries into jobs of multinational companies, Big Four firms like Deloitte and KPMG, and rising sectors like IT and financial technology. Therefore, classes for CPA in Mumbai are in so much demand and aspiring students want to ace the syllabus under expert guidance.
CPA Course Fees in Mumbai with Cost Breakdown
It is essential to understand the fee structure if one intends to pursue the CPA course in Mumbai. The total cost is split across various categories, each of which contributes to your overall learning experience and exam preparation.
| Expense Category | Estimated Cost (₹) |
| Registration Fees (AICPA) | ₹70,000 – ₹90,000 |
| Tuition Fees (Institute in Mumbai) | ₹1,20,000 – ₹1,50,000 |
| Exam Fees (Per Section) | ₹15,000 – ₹20,000 |
| Study Material Costs | ₹30,000 – ₹40,000 |
| Miscellaneous Costs | ₹20,000 – ₹30,000 |
| Total Estimated Cost | ₹2,50,000 – ₹3,50,000 |
Each of these components is explained in detail below to help you understand the total investment required.
1. Registration Fees (AICPA): ₹70,000 – ₹90,000
The initial step in the CPA process is registering with the American Institute of Certified Public Accountants (AICPA), the organization administering the CPA exam. The registration fee is different based on the US state board to which you apply. The registration fee is important to prove eligibility and to be eligible for sitting for the CPA exam.
What Does the Registration Fee Cover?
- Application processing by the selected US state board.
- Review of your academic record (if needed).
- Allowance to schedule the CPA exam.
The jurisdiction has to be chosen carefully, as state boards have different requirements. Top CPA classes in Mumbai usually guide one through this procedure.
2. Fees for Tuition (Institute in Mumbai): ₹1,20,000 – ₹1,50,000
The tuition fee is one of the largest components of the CPA course fees in Mumbai. This cost covers the coaching and training provided by institutes to prepare students for the CPA exam. Mumbai has several reputed CPA training institutes, including Miles Education, Simandhar Education, and Becker, which offer excellent resources and teaching support.
What’s Covered in the Tuition Fee?
- Online or on-campus classes.
- Expert faculty specializing in CPA coaching.
- Mock exams, practice tests, and question banks.
- Comprehensive coverage of the CPA syllabus.
- Support for exam scheduling and registration.
When selecting an institute, compare their success rates, course offerings, and student reviews to make an informed decision. Some institutes even provide flexible payment plans to ease the financial burden.
3. Exam Fees (Per Section): ₹15,000 – ₹20,000
The CPA exam encompasses four sections for the exam fee for every section. Based on the number of sections, to which you apply, the overall amount of exam fees is charged by the firm; these four segments are mentioned above. Now see the costs; each one falls in between 15,000 to 20,000 rupees making up four sections into approximately 60,000-80,000 for all.
Importance of Examination Fee?
- It covers the cost of administering the exam.
- It includes the features of the CPA exam pattern which are MCQs and TBSs.
Most candidates take one or two sections at a time to reduce the financial burden and improve focus.
4. Study Material Costs: ₹30,000 – ₹40,000
Good quality study material is an essential aspect of clearing the CPA exam. Almost all institutes offer internationally recognized study material such as Becker CPA Review or Wiley CPAexcel.
What does it include?
- Extensive textbooks and digital content
- Practice exams and MCQ banks
- Video lectures and mobile applications.
These are resources that are designed specifically for the CPA curriculum, focusing on US GAAP, tax laws, audit practices, and general business concepts. Study materials will add to the overall cost, but they increase your odds of passing.
5. Miscellaneous Expenses: ₹20,000 – ₹30,000
Other than the three above, there are other costs that students incur on their journey toward the CPA. Some of these are:
- Credential Evaluation Fees: If you have studied abroad, you would need to get your transcripts evaluated by organizations like NASBA. The charges for the same would range from ₹5,000 to ₹8,000.
- NTS Fees: For sitting in the examination, you have to pay NTS fees which are approximately ₹3,000 to ₹5,000 for each section.
- Travel and Accommodation: Though CPA exams are now available in India, candidates often travel to the US to sit for their exams, thereby incurring travel and accommodation expenses.
- Retake Fees: In case a candidate fails in one of the sections, then the candidate needs to pay the fees again for the exam.
Key Factors Affecting the CPA Course Fees in Mumbai
The main factors that influence the course fee of a CPA course in Mumbai are given below. It will help you plan a budget for course fees and make proper decisions regarding your CPA journey.
1. Choice of Institute
Institute selection for your training in CPA forms a great portion of your expense. The institute you choose will be the one that suits best for you because institutes like Miles Education and Simandhar Education are some of the best in Mumbai. It charges a bit high premium for training services, although the amount is relatively higher.
How to Choose the Best Institute?
- Student Review and success rates
- Course offering with access to study material and mock exams.
- Seek installment plans and flexible payment.
2. Where the Exam Will Be Taken
The CPA exams are taken in India presently, but a few students want to appear for their exam in the US. This increases traveling and accommodation costs along with the overall cost.
Save Money
- Sit for your tests at testing centers located in cities like Mumbai, Delhi, and Bangalore.
- If you plan to sit the exam outside India, you may book your tickets in advance to reduce the expenditure on air tickets and hotels.
3. Besides Coaching Fees
A few students think that they need to attend live classes, one-on-one mentorship, or specialized coaching for better preparation. All of these services charge extra, but you might be justified if you feel that you need more personalized attention.
4. Currency Fluctuations
Since many CPA-related fees (such as AICPA registration and exam fees) are paid in US dollars, fluctuations in the exchange rate can impact the total cost. Students should monitor exchange rates and plan payments during favorable periods.
Tips to Manage US CPA Course Fees Effectively
- Create a Budget: List all expenses, including tuition fees, exam costs, and study materials, to understand your financial requirements.
- Look for Scholarships: Certain institutes offer scholarships to merit students. Look out for those to save your pocket.
- Pay in Installments: Many institutes permit the payment of tuition fees in installments rather than directly.
- Take Employer Support: If you are a working professional, look up if your employer supports some financial aspect to cover costs like a CPA.
Why Are CPA Fees Higher Than Other Certifications?
The course fees might seem a little higher than most other certifications; however, ROI is very rich. CPAs are in heavy demand worldwide by multinational corporations, Big Four accounting firms, and financial consultancies. The entry-level salary of a CPA can range from ₹7,00,000 to ₹12,00,000 per annum in India, while the growth potential on experience is rich.
Top 5 CPA Classes in Mumbai
The financial capital of India, Mumbai, offers many educational institutes providing specific courses that will earn them recognized certification. Of all, the most desired is the course of Certified Public Accountant. Its scope of lucrative careers in accounting and finance is at par with global levels. Being globally recognized as a CPA credential, getting a coaching institute right from the very first step will decide success or failure.
Plutus Education
Plutus Education continues to focus on providing personalized guidance and quality coaching. To ensure that students are well prepared for the exam, what makes Plutus Education unique is that all instructors are experienced and US CPA certified, bringing real-world experience to their teaching. The designed curriculum includes Financial Accounting and Reporting (FAR), Auditing and Assurance (AUD), Business Environment and Concepts (BEC), and Regulation (REG).
The institute provides mock exams, live classes, and online/offline study materials to the students. Small batch sizes ensure every learner’s progress is tracked closely; in this manner, students in this institute will get individual attention, making them proficient. Plutus Education has attracted many working professionals in Mumbai because of its flexible timings. Except for test preparation, Plutus Education provides useful services for your career, which may include advising and job placement by top accounting firms for licensure as a US CPA.
Miles Education
Miles Education is an Indian name most specifically known as far as CPAs are concerned and in the field of teaching such courses, particularly in the metropolis of Mumbai. The structured course and well-renowned study material from Wiley have helped Indians receive their certificates through this school. Miles Education emphasizes comprehensive coaching starting from how to apply for a CPA up to four sections of exam preparation. Its teaching is very unique in incorporating case studies based on real life and modules with active learning. This is a very flexible schedule that accommodates both classroom-based and live online classes. Thus, it suits the student and the working professional very well.
Simandhar Education
Simandhar Education has emerged as one of the top institutes for CPA coaching in India with an official partnership with the American Institute of Certified Public Accountants (AICPA). This comprehensive CPA training program covers all study planning till practical application-based learning.
Live classes from Simandhar Education are interactive. The institute also provides one-to-one personalized mentorship for every student. With global firms and accounting organizations as its partners, it can also provide great networking opportunities to aspiring CPAs in Mumbai.
QuintEdge
The name of the institute-QuintEdge shines bright on the horizon of CPA coaching in Mumbai, in terms of comprehensive course structure, very experienced faculty members, and focus on students. The institute focuses on small batches, flexible online and offline courses, and interactive learning through case studies and mock tests, along with highly affordable fees compared to other professional institutes.
EduPristine
EduPristine closes the list, as one of the most trustworthy institutes for the CPA coaching service in Mumbai. Its approach is well-known to be career-oriented with training not just based on preparation for the CPA exam but also about resume building and interview skills for professional development as a whole. The courses are designed by EduPristine in keeping with the latest AICPA standards. Their training is available in online and in-person formats. A comprehensive approach makes EduPristine a favorite among CPA aspirants who look for a holistic learning experience.
Duration of CPA Course in Mumbai
The nature of the CPA course is designed such that it will allow a student to complete the entire course in the shortest time if he or she remains focused and committed. The CPA course duration will depend upon the pace of the preparation of one’s self towards the exams. On average, students take 8-12 months to complete the CPA course. This includes the time required to study for all four sections of the exam. Candidates typically spend 2-3 months preparing for each section.
CPA Course Fees in Mumbai FAQs
Q1. What is the cost of the CPA course in Mumbai?
The cost of the CPA course in Mumbai ranges between ₹2,50,000 to ₹3,50,000, including tuition, registration, and exam fees.
Q2. What is the full form of CPA?
The full form of CPA is Certified Public Accountant. It is an international accounting certification.
Q3. What is the eligibility for CPA in India?
The eligibility for CPA in India is a bachelor’s degree and 120-150 credit hours of education. Many CA, MBA, or M.Com graduates are eligible for this.
Q4. How long is the CPA program?
The period taken to undertake the CPA is about 12-18 months if one has full-time classes to attend.
Q5. What is the content of the CPA curriculum?
Four segments consist of the CPA curriculum: AUD (Auditing and Attestation), BEC (Business Environment and Concepts), FAR (Financial Accounting and Reporting), and REG (Regulation).
