CA, or Chartered Accountancy, is a professional education that deals with companies’ financial evaluation, audit, taxation, and bookkeeping. The ICAI (Institute of Chartered Accountants of India) is in charge of the course. After completing the CA course, applicants can work in a company’s taxes and financial sector.
A student can become a CA after passing three exams:
- CA Foundation
- CA Intermediate
- CA Final.
CA Foundation eligibility requires students to have a 50% grade point average in class 12 from a recognised school. CA Intermediate Eligibility requires students to pass both the Foundation exam and their bachelor’s degree. To take the CA Final, students must pass both the Foundation and Intermediate Exams. Direct Entry students must complete graduation and will enter at the CA Intermediate level.
Career Options after CA Professional
Given below are a few careers options to answer the question of what to do after becoming CA.
1. Work in the Big 4
There are 4 major companies that employ a good number of CAs. E&Y, PWC, Deloitte, and KPMG are the Big 4, the four major recruiters in the industry. These companies hire fresh Chartered Accountants every year and offer great salary packages and opportunities. Experienced professionals also have ample number of job opportunities in the Big 4.
2. CA Firms
Opening their own CA firm or working for a big or medium CA firm is what many Chartered Accountants choose as their careers path. For many professionals CA firms are the starting point for their professional careers where they get the much required practical skills and exposure. After grinding and working hard, CAs master the art of dealing with clients and other stakeholders in the business. CA Firms generally offer salary between 3-8 lacs. Also candidates can also start their own CA firm.
3. IT Industry
There is a great demand for Chartered Accountants in big IT Companies like TCS, Wipro, Infosys etc. These companies hire freshers and experienced Chartered Accountants for their businesses and offer handsome salary packages. The workload in such companies is also minimal.
4. Public Sector Undertakings PSUs
PSUs like BSNL, ONGC, BHEL, GAIL hire much fresher CA from the campus placement. These companies often shortlist the candidates on the basis of their marks ranging from 55% to 60%. The number of candidates who passed with two or more attempts in CA Final generally got selected by PSUs.
5. Working as a Teacher
Chartered Accountants can also try their hand in teaching as a lot of students prepare for many levels of CA exams. However, this profession is driven by passion and deep knowledge and candidates who feel teaching is their calling can open their own coaching institute or get placed in big institutes and help students clear the exams.
CA Salary in India-Top Companies
While the starting salary is INR 6-8 lakh per annum, CA salary in India for top companies can go up to INR 23-25 lakh per annum with experience.
Take a look at the average base salary offered to CAs in top companies in India.
|
Company Name |
CA Salary in India (Average) |
|
EY |
9.93 lakh per annum |
|
Deloitte |
12.06 lakh per annum |
|
KPMG |
11.17 lakh per annum |
|
PwC |
10.34 lakh per annum |
|
ICICI Bank |
8.26 lakh per annum |
|
ICAI |
9.06 lakh per annum |
|
Infosys |
9.45 lakh per annum |
|
Grant Thorton |
7.7 lakh per annum |
|
Accenture |
8.75 lakh per annum |
|
TCS |
9.69 lakh per annum |
|
ABC |
10.05 lakh per annum |
|
BDO |
9.71 lakh per annum |
|
BSR & Co. |
10.08 lakh per annum |
|
Wipro |
11.45 lakh per annum |
|
Genpact |
7.18 lakh per annum |
|
Reliance Industries |
13.33 lakh per annum |
Popular Courses After CA
Have any query?
Here are some popular courses that people usually consider after completing your CA, along with their costing, job opportunities and expected salaries-
CFA (Chartered Financial Analyst)
- Why do CAs pursue CFA: CAs pursue the Chartered Financial Analyst (CFA) course to gain specialized knowledge in finance, investment management, and portfolio management. It complements the skills acquired through the CA program and enhances their career prospects in the financial industry.
FRM (Financial Risk Manager)
- Why do CAs pursue FRM: CAs pursue the Financial Risk Manager (FRM) certification to develop their skills in identifying, measuring, and managing financial risks. It enhances their career prospects in risk management roles, especially in Banking Jobs.
ACCA (Association of Chartered Certified Accountants)
- Why do CAs pursue ACCA: CAs pursue the ACCA qualification to gain a global perspective on accounting and finance. The ACCA program covers financial management, taxation, and auditing, and is recognized in over 180 countries, enhancing their employability in the international market.
CPA (Certified Public Accountant)
- Why do CAs pursue CPA: CAs pursue the CPA qualification to expand their career prospects in the international market, particularly in the United States. The CPA designation covers auditing, financial reporting, and taxation, and is globally recognized, making them more competitive in the global job market.
US CMA (Certified Management Accountant)
- Why do CAs pursue CMA: CAs pursue the CMA certification to specialize in management accounting, financial planning, and analysis. This credential can help them excel in roles such as financial analyst, management accountant, or finance manager.
CS (Company Secretary)
- Why do CAs pursue CS: CAs pursue the CS course to develop their expertise in corporate governance, compliance, and secretarial practices. This course can equip them with the necessary skills to ensure an organization’s adherence to legal and regulatory requirements and maintain effective communication with shareholders.
Evaluating Your Interests and Career Goals
To evaluate your career goals after CA, you should consider the following:
- Identify your passion and strengths: Assess what areas interest you the most and where your strengths lie.
- Assess the scope of different courses: Research the market demand and long-term prospects for each course.
- Consider the time commitment and investment: Evaluate the duration and financial investment required for each course.
Tips for Choosing the Right Course After CA
To make an informed decision about the course to pursue after CA, follow these tips:
- Research various courses and their potential outcomes. Understand the benefits and career prospects each course offers.
- Network with professionals who have pursued these additional qualifications. Learn from their experiences and insights.
- The course of your choice should ensure you can manage work, studies, and personal commitments effectively.
FAQs
1.Is CA able to place people in decent jobs once they have completed the program?
After completing the CA program, applicants can pursue employment in the business sector or the government sector. Candidates would have a plethora of job options after obtaining CA.
2.Which career opportunity is the most promising for CA students after graduation?
Career chances as an internal auditor, in direct and indirect taxes, finance management, banking, insurance, or as a partner in a CPA company are all excellent options for those who have completed their CA certification. Check to see this page for a more in-depth discussion of the subject.
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