25 Apr 2019
#CareerBytes: Career options one can go for after pursuing CA
The Institute of Chartered Accountants of India (ICAI) provides the three-level CA program comprising Foundation, Intermediate, Final courses. Though the career path for becoming a CA is considered challenging, it is a very promising career.
Here are some career options one can go for after pursuing CA.
Practicing as a Chartered Accountant is the most popular option
One of the most popular career options after pursuing the Chartered Accountancy course is starting one's own independent professional CA practice.
A Chartered Accountant interested in individual practice can explore areas like Taxation (direct tax, international taxation, GST, etc.), Auditing (statutory audit of companies, cooperative audits, forensic audit, internal/management audit of companies, etc.), and Management Consultancy services (project financing, mergers acquisition, valuation, etc.)
CAs can also become partner of audit or consultancy firms
Becoming a partner of audit, tax, or consultancy firms is another good option after completing the CA course.
This is the best option for fresher CAs who find it difficult to start their own professional practice.
However, before becoming a partner, a Chartered Accountant should work in those firms consistently and rise through the positions. Though it's a challenging journey, it's a great option.
Chartered Accountants can also work with banks
Chartered Accountants can also work in the banking industry. They can handle the critical accounts of banks better than regular accountants and ensure compliance with banking regulations and norms.
However, for handling these tasks, one must be well versed with the banking regulations and be capable to participate in the financial matters of a bank and work on its financial strategies, forecast, funding, etc.
#3: CAs can also join large organizations or global firms
One can also join large organizations/institutions or global firms and work in their finance/accounts/audit department. CAs are considered finance experts and can handle the financial tasks/activities of the companies, including auditing, accounting, taxation, statutory compliance, etc., irrespective of the industry.