CA (Chartered Accountancy) Jobs, Scope, Salary in India
The demand for CA qualified graduates is increasing significantly in domestic and international markets. Chartered Accountancy course is designed for graduates who are looking for employment opportunities in both the private and government sectors. Chartered Accountancy subjects are comprehensive that trains the candidates for concept clarity and practical application in form of articleship, trainings, etc. for the required profession.
CA Jobs Quick Facts
CA is an interesting area where there are many options available for candidates to explore in the field of finance. The CA course provides students with a rewarding opportunity to make a good salary. Here are some interesting facts about the CA course and profession the candidates ought to know:
- In most organisations, a well-trained Chartered Accountant (CA) is responsible for crucial financial and accounting-related tasks.
- They provide Accountants and Finance Outsourcing, Auditing & Assurance, Tax Consultancy, Accounting Services, Financial Reporting, and a variety of other services.
- CA graduates will have a variety of job options after completing the CA course. There are openings for Investment Advisors, Accountants, Financial Reporters, Financial Strategists, and other positions.
- Candidates must pass the CA Foundation, Intermediate, and Final exams to become certified as Chartered Accountants or CA.
Pros and Cons of Becoming a CA
A chartered accountant is an expert in related fields such as auditing, accounting, and taxation. He is in charge of the caretaker for the company and management. Only CA professionals are responsible for company audits in India. Being a Chartered Accountant entails a great deal of responsibility, and it is not for the faint of heart. When considering a career as a CA, one should be extremely wise and cautious.
Pros of Becoming a Chartered Accountant
A chartered accountant is an expert in related fields such as auditing, accounting, and taxation. He is in charge of the company's and management's caretaker. In India, only CA professionals are in charge of company audits. Here is a list of pros of becoming a CA:
- Various Career Options: When it comes to choosing a career path after earning a CA degree, there are many options. There are numerous career options available and opportunities to earn money.
- Demonstrate A High Level Of Strategic Skills: The CA will work on various business analysis services that require familiarity with complex data collection for business growth after gaining qualification experience in this area.
- Help in Society's Improvement: Because the chartered accountant plays a vital role in the economy and works hard to improve the company's bottom line, the chartered accountant is a valuable contributor to local communities and employees' lives.
Cons of Becoming a Chartered Accountant
There is an enormous responsibility in being a Chartered Accountant, and it is not a matter of the faint heart. One should be wise and speculative when planning to pursue a career as CA. Below is a list of cons of becoming a Chartered Accountant.
- It can be nerve-racking: Accountants are naturally under pressure when it comes to managing finances. According to a report from the economy, 32% of accountants work under constant stress daily.
- Busy Schedules: Bookkeeping is typically an eight-hour job, but the length of time can vary depending on the time of year and upcoming deadlines. For some accountants, the tax filing season begins in January and ends on April 15th.
- It can get tedious: Accounting isn't a glitzy ground, but it's an excellent option for those who don't care about showings. Everyday work generally involves a fair amount of research and mathematics, which some people find tedious. In this regard, the term "boring" is highly subjective. Some find it appealing, while others find it tedious.
Career Prospects and Job Scope for a CA Graduate
The CA job opportunities exist for graduates in a large quantity in both the private and public sectors? Students' education is beneficial for them as it prepares them to build a very successful and rewarding career path. CA jobs in India are available in many sectors and industries, and therefore, graduates don't need to feel restricted about their options. Below are some of the popular CA jobs done by graduates:
- Tax Auditing
- Financial Consultancy
- Managing Treasury
CA Articleship
CA Articleship is a three-year-long work experience that the students have to undergo after completing IPCC. Students get a lot of exposure to training and knowledge during the training period.
Students need to research for a good firm when looking for articleship placements to adversely affect their future career prospects. Students also get to learn about maths, economics, statistics, and accounting during this period. They get a chance to work for a small to medium-sized organisation and resolve their financial problems.
Areas of Recruitment for CA Graduates
The recruitment areas for CA job vacancies are available in many industry sectors. Graduates can build a career for themselves in the financial sector and gain specialisation in a specific field. The specialisation helps students get a sharper edge in the industry. But this specialisation can only come after students gain a few years of experience in the field. Below is a list of different industries where students get a job after CA:
- Banks
- Law Firms
- Auditing Firms
- Public Limited Companies
Salary Packages for CA Graduates
According to Payscale, the average salary in India is around INR 8.08 LPA. In India, the CA salary will vary depending on many factors, where students even have the potential to control the salary paid to them, to a certain degree. Some factors that can influence the CA fresher salary are the location graduates live in, their experience, the job title or specialisation they have, and more.
CA Salary Range
The table below shows the average CA salary range in India:
| CA Salary Range | Amount |
| Highest Salary | INR 20 LPA |
| Lowest Salary | INR 4.2 LPA |
| Average Salary | INR 8.08 LPA |
Source: Payscale
Experience-wise CA Salary
The table below shows the average CA salary by experience level:
| Experience | Salary |
| Fresh Graduate/ Entry Level | INR 6 LPA |
| CA with up to 4 years of experience | INR 7.5 LPA |
| CA with up to 9 years of experience | INR 12 LPA |
Designation-Wise CA Salary
The table below contains the CA salaries by designation:
| Job Designation | Salary |
| Auditor | INR 6 LPA |
| Tax Compliance | INR 7.5 LPA |
| Account Management | INR 7 LPA |
Source: Payscale
CA Gender Breakdown
One of the most popular courses among business students in CA or Certified Accountant. The CA course is challenging, and male candidates are more likely to take it. Men account for 74.3% of all candidates who have completed the CA course, while women account for 25.7%. The table below shows the salary breakdown by gender for CA candidates, according to Payscale:
| Gender | Average Annual Salary |
| Male | INR 3.6 LPA |
| Female | INR 3.3 LPA (8% less) |
Source: Payscale
Private Jobs for CA Candidates
There are plenty of pirate jobs for fresh graduates as a CA. The average salary of a graduate is approximately INR 7 LPA. The job designations includes:
| Top Private Hiring Companies | Salary |
| Ernst and Young | INR 6 LPA |
| KPMG | INR 12 LPA |
| Deloitte | INR 6.5 LPA |
Source: Payscale
Government Jobs for CA Candidates
Government jobs for CA are also available in the market for graduates. The government also needs accountants and taxation experts to ensure that the government's finances are in alignment with its requirements. The average salary of fresh graduates is around INR 3.7 LPA. The job designations include:
| Top Government Hiring Organisations | Salary |
| IIPS | INR 3.5 LPA |
| UPSC | INR 3.4 LPA |
| Ministry of Finance | INR 3.5 LPA |
Source: Glassdoor
Job Opportunities Abroad for CA Graduates
CA graduates have job opportunities in India, but they can also find gratifying jobs abroad. The education that the students get the exposure to gives them a chance to study finance in an international setting, not just in India, so they can get jobs in foreign countries.
Top Companies for Chartered Accountants
Below is a list of the top international companies that hire CA Graduates:
- Deloitte
- KPMG
- Ernst and Young
Best Countries for Chartered Accountants
Below is the list of top countries offering job opportunities to CA Graduates:
- United Kingdom
- Scotland
- Ireland
- UAE
- Canada
- USA
Various Career Designations Abroad for CA Graduates
Here is the list of exciting job roles that attract CA graduates to work abroad:
- Finance Manager
- Consultant
- Account Manager
- Accountant
Best Chartered Accountants
Many CAs worldwide have built a perfect name because of their contribution to the financial sector. Some of these Accountants are mentioned below:
- Aditya Puri
- Deepak Parekh
- Motilal Oswal
