A career as a chartered accountant will appeal to those who love numbers and accounting. Demand for CAs has risen by 10% to 15% in the last three years, and this trend is expected to continue in the future.
Chartered accountancy is one of the highest-paying occupations in the country. It is not only financially lucrative, but also considered one of India’s most respectable professions. 952 chartered accountants were placed on the ICAI campus, according to a report in one of India’s leading newspapers, with an average annual salary package of about Rs 7.28 lakh. This shows the high need for accountants in the industry. The ICAI has held recruitment drives in Ahmedabad, Bangalore, Bhubaneswar, Chennai, Coimbatore, Hyderabad, Indore, Jaipur, Kolkata, Mumbai, New Delhi, and Pune, among other cities in India.
Some of the high-profile recruiters of chartered accountants in India are Reliance Industries, Tata Consultancy Services, Federal Bank, ITC, ICICI Prudential Life Insurance, L&T, Wipro, Bharat Petroleum Corporation, Engineers India, GAIL, and others. E&Y, Deloitte, ICICI Bank, and PWC are some of the top CA paymasters.
Where can you look for CA jobs?
According to current employment trends, CAs are in high demand not just in conventional sectors like banking, financial services, and manufacturing, but also in new areas like information technology, telecommunications, risk and assurance services, infrastructure, and retail. Banks, public sector undertakings, auditing companies, finance firms, mutual funds, portfolio management, stockbroking firms, law firms, and so on all have significant earning potential. Financial inclusion is the next high-potential job-creating sector.
A CA’s responsibilities include auditing financial reporting, creating and maintaining accounting systems, corporate finance, and tax administration, to name a few. A freshly certified chartered accountant may earn between INR 5 and 7 lakh per year. As years of experience and competence increase, salary levels may climb to INR 18-24 lakh each year.
Examine the most common career pathways for chartered accountants:
* When it comes to auditing and taxes, two words that spring to mind are auditing and taxation.
* Finance Consultancy
* Investing in the Future
* Banking and financial services is a broad word that refers to a wide range of operations in the financial sector.
* The word “outsourcing” refers to the practise of hiring someone else to do something for you.
* Professors
Industry and Business
The profession of chartered accountant is one of the most rewarding. The courses that must be completed are the Common Proficiency Test (CPT), Integrated Professional Competence Course (IPCC), CA final, and Articleship. The modern CA is technologically prepared to serve as management consultants, helping businesses and industries in optimising resource usage, improving efficiency, and achieving objectives.
People working in this area must prepare ahead of time and be very accurate. There are many opportunities for prospective CPAs. Finally, working in California is both financially and personally rewarding.
The author works at CareerBuilder, where you can find a wide variety of chartered accountant jobs. On the internet, apply for several employment possibilities depending on your credentials.
