There are no items in your cart
Add More
Add More
| Item Details | Price | ||
|---|---|---|---|
CA is a professional program, which enhances the skills of an individual. It shapes the person to perform multiple tasks. Therefore, they are not only restricted to one job profile. Rather it opens opportunities for different profiles.
To become a CA, a CA aspirant has to follow the sequence of three levels, starting with CA Foundation, earlier known as CPT, an entry-level exam, followed by CA Inter, three-year Article-ship, and the CA final step Final. CA exams are held by ICAI, the only legal body in India which holds the CA exam, and exams are held twice a year, once in May and the second time in November.
The salary of a CA is determined based on skillset and practical knowledge acquired by an individual. Also, the salary of each company is different for different sectors. However, a person working as an auditor in company "A" can have a higher salary than a person working as an auditor in company "B".
Salary of CA is categorized based on the CA being a:
(a) Fresher
(b) Cleared CA with AIR
(c) Experienced
(a) Fresher
A fresher who has completed CA Final can get a job with an average salary package of 5 to 7 lakh per annum. The average salary package of the big 4 CA firms is 12 to 25 lacs per annum. However, the salary of each fresher is different from another depending upon the skills and proficiency level.
(b) Cleared CA with AIR
Students who qualify CA with AIR are paid a good salary compared to other students. The Air holders are shortlisted on a priority basis. This is because their profile attracts the companies, and they have higher chances of getting a good salary package.
(c) Experienced
Then comes the experienced CA's. At the time of appointment of a CA and acknowledging the skill, his or her experience is also considered. For example, a person with up to 5 years of experience in the finance department can have an average salary of 12 to 15 lacs per annum.
The table given below illustrates the per annum salary of Chartered Accountant on the basis of experience.
| Year of Experience | CA Salary P. Annum |
| 0-5 | 7 lakhs |
| 5-10 | 12 lakhs |
| 10-20 | 20 lakhs |
| Above 20 | 50-70 lakhs |
The starting average salary package in India is 6-7 lakhs per annum. However, with the increase in experience and knowledge, the salary of CA keeps on increasing, ranging upto30-35 lakhs and even higher.
United Kingdom, Canada, Switzerland, Australia are some countries that pay good salary packages to CAs. The highest salary packages range from70-75 lakhs per annum.
Although, a higher salary package is given to rank holders and the students who pass out in the first attempt. Nevertheless, you should not be mistaken. Any other individual can earn as much as them or even higher with good knowledge and a higher skill set.
Analytical, compliance and reporting skills are the three most important skills which determine the salary of a Chartered Accountant. The table given below depicts the salary on the basis of various skills.
| Account management | 7-7.25 lakhs |
| Accounting | 7.25-7.50 lakhs |
| Auditing | 7-7.5 lakhs |
| Budget management | 9-11 lakhs |
| Evaluation and management auditing | 8.5-9 lakhs |
| Financial advisor | 9-10.5 lakhs |
| Financial analysis | 10-12 lakhs |
| Financial reporting | 8.-8.5 lakhs |
| Internal audit | 7.25-7.35 lakhs |
| SAP financial accounting and controlling | 8.10-8.25 lakhs |
| Strategic accounts | 8.5-9.5 lakhs |
| Tax compliance | 7-7.1 lakhs |
| Tax consulting | 7.10-7.25 lakhs |
Given below is the list of Chartered accountant salaries on the basis of their job profiles.
| Job Profile | CA Salary per annum |
| Accountant | 15 lakhs |
| Account assistant | 3 lakhs |
| Account executive | 2.5-3 lakhs |
| Assistant account manager | 5 lakhs |
| Business analyst | 4 lakhs |
| Chartered accountant | 22-25 lakhs |
| Financial analyst | 5-6 lakhs |
| Finance controller | 20 lakhs |
| Finance manager | 9-10 lakhs |
| Financial officer | 15-17 lakhs |
| Senior accountant | 8-8.5 lakhs |
| Senior account executive | 12-15 lakhs |
In conclusion, the salary of a CA is determined on various aspects, and it does not restrict to one single domain. Hard work and a good skill set are among the most important factors responsible for the salary of a CA. Also, the Article-ship experience of an individual is equally important in earning a good salary. Therefore, hard work and a good skill set are among the most important factors responsible for a CA's salary.
Ans. 1. Undoubtedly, yes, CA is eligible to apply in multiple fields. TRAI, IIFT, Opal, HPCL and other government organizations hire CAs because of their uniqueness to multi-task.
Ans. 2. Do not feel helpless or disheartened, and many opportunities or options are waiting for students whose CA is not completed.
As a CA aspirant has in-depth knowledge of CA course and their understanding of the subjects is strong. Therefore, they can teach or guide CA candidates. In addition, a student can teach a specific subject and become a subject matter expert. They can join an organization as an auditor, financial manager, marketing manager, marketing advisor, associate accountant, and more. A candidate can also get contract basis work from CA firms. Also, a graduate student who has not completed their CA is eligible for many job opportunities such as investment advisor, financial advisor, risk advisor analytical advisor and can do research and much more.
Ans. 3. The roles and responsibilities of CA are uncountable, but the main roles and responsivities include
1. Providing financial advice
2. Monitoring the budget
3. Maintain reports
4. Advice for cost-cutting and increasing profit
5. Auditing
6. Analyzing risk
Launch your Graphy