Chartered accountancy has been one of the most popular career choices in India. This profession is difficult to get into but if you manage to do so, it offers a significant career path, salary, and respect among people. One of the reasons why people esteem chartered accountants is not because of the designation or pay, it is mainly because it is not easy to become one.
What does CA do?
Chartered accountants are professionals who function in numerous sectors of the economy, managing the finances of an entity, providing financial advice, and helping out with money management.
Reason to build a Career in Chartered Accountancy
One of the reasons is that it is a very well-paid and secured profession. The entire world runs on money and every business requires someone to manage their finances, help in filing taxes, and do audits.
As a chartered accountant, the chances to work are bottomless. Regardless of the industry, every organization needs finance management and chartered accountants are the solution.
Profiles of Chartered Accountant
As a chartered accountant, you can work in the following sectors:
Businesses and Industries
Chartered Accountant firms
Capital Market Service
Demand for CA’s
As per study of the Times of India, in the April of 2018, there was only 2.82 lakh CAs in India and out of which only 1.25 lakh were in full-time practice. There are more than 6.8 crores taxpayers in India and more businesses getting established each year, the demand for CAs are increasing rapidly.
The path to becoming a chartered accountant is clear. This profession offers a firm job with steady growth and a good pay scale. But on the other hand, you have to stay re-equip with the ins and outs of finance, which means constant learning and studying is required. Also, certain deadlines need to be met at the end of each financial year and the work may become stressful.