There are many vacancies or jobs for those students who are pursuing the Chartered Accountant Course. CA has played a key role in CA's organization and operations such as Research and Verification, Tax Consultancy, Accounting Services, Accountant & Finance Outsourcing, and Financial Reporting. Every registered company or organization under the Company Law has a CA that holds various functions such as Financial Managers, Financial Managers, Financial Advisers, or Directors and audits of their accounts. After becoming a CA, there are various job opportunities.
Job Opportunities in India
Here are some of the career opportunities for a Chartered Accountant:
Ø GST Service Providers
Ø Chief Accountant
Ø Chief Financial Officer (CFO)
Ø Chief Manager- Internal Audit
Ø Head -Training
Ø Lecturer / Professor
Ø Inspection of Chief Manager-Managers
Ø Senior Manager- Program
Ø Government Adviser
Career Scope in India for CA
Chartered Accountants who are members of ICAI (Institute of Chartered Accountants of India) have the option of working privately or in the accounting and finance department of large companies and firms.
If you work privately, the scope of activities may vary mainly based on size and location (city) of operation and when you work for large practice firms with more experience of individual accountants, the scope of work is still high.
With the development of the Indian economy, the CA specialist areas are also expanding. At the same time as job creation for CAs, economic development summarizes the challenges for CAs to improve their knowledge and skills in specific areas of work. The special roles of CAs are as follows:
§ Share Value
§ Financial Reporting
§ Business Management and Consultation
§ Tax Adviser
§ Financial Management
§ Cost Accountant
§ Company Liquidator
§ GST Specialist
§ Business finances
CA in the industry
Typically, CAs work in the tip-notch positions of the accounting & finance department in the industry. In addition to the important role, CAs also play an important role in financial planning and development, pension management, finance and long-term investments, potential investment control, consolidation or acquisition, syllabus on share matters, etc.
CA Employment Opportunities
Various employment opportunities for Chartered Accountants include - Private Practice, Chartered Accountants firm, financial market services, Consultancy companies, large corporations, financial companies, etc. More than 78,000 members of the Institute of Chartered Accountants are present, of whom 70% are employed. in public affairs and all others work in trade and industry
Employment Opportunities Abroad
There is also a good opportunity abroad for aspirants, and the Institute of Chartered Accountants of India has teamed up with colleagues from Canada, Singapore, and Ireland to allow Indian professionals to work in various assignments in these countries. International firms hire Chartered Accountants in the best possible package or offer jobs overseas. Well-trained students with good knowledge and skills in their field can easily find employment abroad.
Current CA Salary Package in India
Although the salary of a Chartered Accountant depends on his knowledge and skills, the average salary of a CA in India ranges from 6-7 lakhs to 30 lakhs.
According to last year's figures, the average annual salary of CAs in India came out with about 7.36 lakhs of campus placement plans by ICAI. The highest salary package offered to a Chartered Accountant is 7 lakh to 30 lakh, depending on performance and ability.
This median salary rises sharply to 75 lakhs when international corporate salary packages are affected. It should be noted that Level Managers and those who qualify for one effort are prioritized over those who qualify for multiple attempts. However, there are many CAs who gain expertise and experience in operating the organization, followed by starting their businesses. In such cases, there is no limit to their financial and employment growth. Sometimes, they end up closing their small startup due to tough competition and sometimes they become big companies offering CA technical services.
Current CA Salary Package In Other Countries
Higher salary package according to the U.S. Bureau of Labor Statistics (BLS), the majority of Accountants or Auditors received $ 40,370 to $ 113,740.
Other CA Scoops
The CA can choose to start its independent practice or make its customers based on achieving success. They can also apply for a Chartered Accountant job at an existing company. They can also offer their services in the money market. A qualified CA can apply for a government job, public or private sector. The CA can also play an important role in a company in making quick decisions and making a profit for the company.
With the development of the Indian economy, the CA specialist areas are also expanding. At the same time as job creation for CAs, high economic growth summarizes the challenges for CAs to improve their knowledge and skills in specific job areas.