05 Aug 2019
#CareerBytes: Five reasons to become a Chartered Accountant in India
Chartered Accountancy (CA) is one of the most sought-after and toughest professional courses in the country.
Though the career path for becoming a Chartered Accountant is considered challenging, it is a very promising and rewarding profession.
Here are five reasons for becoming a CA.
Chartered Accountancy offers various career options, avenues
Qualifying as a CA opens up various career opportunities and avenues for candidates.
They can start their independent CA practice and explore areas like taxation, auditing, management consultancy services, etc. CAs can also become a partner of audit, tax, or consultancy firms.
One can also join large-sized organizations/institutions or global firms and work in their finance/accounts/audit departments or even work in the banking industry.
Chartered Accountancy an in-demand and secure profession
Chartered Accountancy is a profession that has always been in demand in the country.
Irrespective of their size, almost all companies need CAs to handle their accounting, finance, and audit related tasks. There is always a strong demand for the skills and knowledge of a CA.
That is why Chartered Accountancy is also one of the most stable and secure professions.
Chartered Accountants are among well-paid professionals
Another reason to become a Chartered Accountant is they are among the most well-paid professionals in the country.
The starting salaries for CAs are pretty good and are often higher than fresh graduates in other fields. Fresher CAs can get a mean salary of around Rs. 6 lakh per annum. The salaries of experienced Chartered Accountants are much higher.
Pursue additional professional certifications, qualifications and settle abroad
After completing CA, candidates interested in settling abroad can go for additional certifications and professional qualifications that are internationally recognized and build an exciting and rewarding career at the global level.
Some of the popular globally-recognized professional certifications/qualifications include Chartered Financial Analysis, ACCA Chartered Certified Accountant program, IIA Certified Internal Auditor (CIA) course, Chartered Institute of Management Accountants (CIMA) qualification, etc.
The CA program trains students in various aspects
Contrary to the misconception that Chartered Accountancy is all about numbers, the program also helps candidates develop a good understanding of business, great expertise in finance-related subjects, and technical skills.
Such training will help CAs adapt to and work in almost any sector. For those who have an entrepreneurial streak, the CA program also offers a good foundation for starting their own business.