Chartered Accountant is regarded as one of the highest-paying careers in India. A Chartered Accountant or a CA is a skilled professional who looks after the budgets, audits, taxation and business strategies for their clients including individuals, companies or government organizations. They are mainly responsible for providing financial advice to their clients and filing taxes.
In order to become a Chartered Accountant, aspiring candidates must pursue CA Courses from any of the top CA Institutes. Admissions to these institutes are done on the basis of CA Entrance Exams conducted by ICAI. Candidates need to clear several stages of the ICAI exam such as CPT, IPCC and Final exam. Candidates need to complete a 3 years internship to be Chartered Accountants.
The average salary of a Chartered Accountant in India is INR 8.03 LPA. The salary of a CA depends on various factors such as the candidate’s skill, knowledge, experience, rank, company profile etc. According to Glassdoor, the highest salary of a CA in India is INR 80 LPA. On an International level, a CA can expect a starting salary of INR 35 LPA or above. Some of the top recruiters for CA are Deloitte, Ernst & Young, KPMG, IBM, Wipro etc. Also Check: Salary of a CA
Table of Content
Who is a CA
Chartered Accountants are professionals who look for the management and Finance of a Company. Their duties include managing financial accounts, budgeting, auditing, business strategy and taxation. To be a Chartered Accountant, one needs to get in-depth training and have to clear several exams. They work in various sectors of the economy including business, individual or government. They provide financial advice to their clients and what is best suited for the business, help in filing tax and help out with money management.
Qualifications for Becoming a CA
In order to be a Chartered Accountant, aspiring candidates need to fulfil certain eligibility criteria that are mentioned below for reference,
- The candidate must have passed class 12th in any discipline from a recognized board.
- Candidates can register for a common proficiency test after Class 12th.
- After clearing CPT, candidates can enrol themselves for ICAI.
- Candidates must score at least 100 out of 200 in CPT to apply for IPCC.
- Candidates must individually have at least 40 marks in each subject and an aggregate of 50% or above to clear IPCC.
- After clearing IPCC, the candidate needs to complete an internship for a period of 3 years also known as Articleship.
- After Articleship, candidates can appear for the final examination.
CA Jobs
| Job Profile | Job Description | Average Annual Salary (INR) |
|---|---|---|
| Auditor | An auditor reviews an organization’s financial accounts to make sure that everything is correct and the organization has complied with the tax laws. | 4 L – 5 L |
| Chief Financial Officer | A Chief Financial Officer is a senior executive who is responsible for managing the financial actions of a company. Their duties include managing the cash flow of a company and financial planning. Also analyzing the company’s financial strengths and weaknesses so that corrective measures can be employed. | 35 L |
| Cost Accountants | Cost accountants are responsible for maintaining an organization’s financial health. They focus on developing strategies that are cost-effective and designing budgets that fit well with the organization’s operations. | 5 L |
| Financial Controller | Financial Controllers are an organization’s lead accountants who oversee accounting activities and make sure that the ledgers perfectly record the cash flow within a company. | 23 L |
| Tax Accountant | A Tax accountant usually provides tax-related advice to an organization or individual, file taxes and prepares for taxation returns and handles any issues concerning taxation authorities. | 6 L |
Skills Required to Become a CA
Some of the skills to become a CA are tabulated below for your reference,
| Discipline | Conceptual Understanding | Head for Numbers |
| Analytical Skills | Communication Skills | Business Acumen |
| Good Work Ethics | Self-Motivation | Problem-Solving Skills |
Top Recruiters for CA
The top recruiters for CAs are tabulated below for your reference,
| Reliance industries LTd | Deloitte |
| KPMG | SAIL |
| PWC | Ernst & Young (EY) |
| GAIL | Hindustan Unilever |
| TATA | ITC |
CA Jobs: FAQs
Ques. What is a Chartered Accountant?
Ans. It is a profession involving the management of finances for an entity. This involves managing business accounts, budgeting, auditing, business strategy and taxation.
Ques. Which course should I pursue to become a CA?
Ans. There is no such course to become a CA. The candidate must have completed graduation (preferably in commerce). The candidate can then enrol on to the intermediate course.
Ques. What is the Lowest salary of a CA?
Ans. According to Glassdoor, the lowest salary of a CA in India is INR 23.76 LPA.
Ques. What are the types of CA jobs?
Ans. There are several kinds of chartered accountancy jobs such as:
- Financial Accounting
- Auditing
- Tax Management
- Cost Accounting
Ques. Who are the top recruiters for CAs?
Ans. The top recruiters for CAs are :
- Deloitte
- PwC- PriceWaterhouseCoopers
- Ernst & Young India
- KPMG
Ques. What is the Highest salary of a CA in India?
Ans. According to Glassdoor, the highest salary of a CA in India is around INR 73.45 LPA.
Ques. What is the average cost to become a CA in India?
Ans. The average course fee to pursue Chartered Accountancy in India is around INR 2- 2.5L including the registration, tuition cost and reference books.
Ques. What are the benefits of becoming a CA?
Ans. There are several benefits of becoming a CA such as:
- Handsome salary
- Promotional Benefits
- International opportunities
- Job security
Ques. What is the average Course fee for pursuing Chartered Accountancy abroad?
Ans. The average course fee for pursuing chartered accountancy abroad is different in different countries. It will cost around INR 12 L- 36 L. The candidates can opt for scholarships. It covers course fees and some scholarships offer living expenses too.
Ques. How much time does it take to become a CA?
Ans. Through the Foundation Route, it takes 4.5-5 years to become a CA. Through the Direct Entry Scheme, it takes 3 years to become a CA.
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