For Chartered Accountants, there are immense career opportunities not only in India but also at international levels in every sector of Business and finance. Chartered Accountant are being recognized for their technical competence, professional standards, and veracity. Chartered Accountants are India’s leading business professionals, providing essential strategic guidance, expertise and consulting in business, public practice, government and education.
A Chartered Accountant has the option of joining the Government Service, an attractive job in the Public Sector or a lucrative assignment in the private sector or can also join any financial institution or even have their own consultancy and practice. Many Chartered Accountants also use their expertise to set up their own businesses, becoming highly successful entrepreneurs. They generally have a solid foundation in economics, marketing and management information systems.
There are many queries regarding Chartered accountancy course to us. I will brief some reasons (apart from generally known) to join Chartered accountancy in compare to other finance courses, to clear the dilemma of many CA aspirants.
Economical and Distance Education
Chartered Accountancy is similar to a distance learning course. In principle, the students are expected to stay at homes or go to offices for articleship and study on their own. There is no regular college. This reduces the cost of education compared to many other courses professional courses like MBA. On the flip side, many CA students takes coaching classes as they feel study on your own is not always manageable.If you are working in a good CA firm for your articleship, your stipend itself may be sufficient to cover your study expenses. With due permission from ICAI, even you can also pursue some other professional courses along with chartered accountancy. This add additional benefit in individual career growth.
As part of the CA course, a student has to compulsory join articleship for defined period where he needs to work under a practicing Chartered Accountant and take up numbers of assignments ranging from auditing, taxation, litigation or consulting. To have good hands over subject matter and gain expertise over respective field, always suggested to undergo your articleship training seriously from a good firm.
During the articleship, you would work almost as you were in a job – you would be given assignments. It would be an enriching experience and would train you for a corporate job or even a practice along while you are actually pursuing chartered accountancy course.
This course is open for all. Students from all streams across India (and some abroad locations as well) can pursue the course staying in their hometown. You can pursue it with you job, business, any other studies making it very much adjustable in terms of timings and the location you want to be in. Now, satellite classes and even online coaching are available in all major cities. The main lucrative of this course is, there is neither age limit to appear for exam and nor caste based reservations in final selection.
There are some different criteria which generally recruiter go through while hiring Chartered Accountant . Following factors define your worth in job market:
- In-depth and practical knowledge of subject
- Number of Attempts in which you cleared CA
- Communication and Presentation Skills
- Business Experience
Depending good you are at each of them your first job would be ranging from 3 LPA-15 LPA (median being 6–8 LPA). The knowledge which you get in the course would give you immense opportunities compared with your peers in commerce field.
Long Term Growth
Chartered accountant have not to worry about job security. Ample opportunities are available in Business and finance sector for CA. A chartered accountant can even start his/her own practice and with enriched knowledge can start any business also.
If you are in a corporate job, with a good number of years to your credit, you can get into a reasonably good position in the company. In most cases, the highest position a CA gets into is a CFO. Beyond that, it depends a lot on the your personal competence.
In addition to the mainstream corporate job of a CFO, you could also end up in subject specific fields – such as a partner in any of the Big 4 consulting firms or an independent tax/accounting/auditing expert in an organisation. These days, CAs are also getting offers from non-traditional fields such as investment banking, financial consulting, general management, business finance management and other executive roles.
You could establish a good name for yourself in your chosen area of expertise. You need to be absolutely good in your field of interest – taxation, auditing, finance etc. and in addition to that, you need to have a good business acumen and general management skills.