With the rapid growth of the financial sector of our country, the demand for CA professionals has increased multifold. The CA course today not only includes an enhanced syllabus and technical learning but also focuses on developing the soft skills of the students. Becoming a chartered accountant in India is not only a matter of prestige but has also become very beneficial in terms of pay rate. The salary of even the Chartered Accountants fresh out of college is high paying.
Everyone knows that CA requires a lot of hard work. The chartered accountant course is one of the most demanding and challenging courses in India. Students are often afraid that their hard work could be unfruitful if they do not learn from the right institutes. Therefore it is important to visit only the best CA coaching institute in Kerala to make sure you have a successful career in the field.
Why should you become a CA?
There is a lot of honour and prestige attached to the job of a chartered accountant. The Indian society looks up to the chartered accountants with a lot of respect. Here are a few major benefits of becoming a CA that you should consider if you are thinking of taking it up as a career option.
Stability- Only Chartered Accountants have the right to perform audits of Indian companies. This ensures that the availability of jobs is never a problem. There is a good demand for chartered accountant professionals, irrespective of the state of the Indian Economy. This provides good job security to CA professionals. You will never be out of employment opportunities if you take up this course.
Growth –There is a lot of scope for growth in the career of a CA. You could choose to climb the organizational ladder to reach grew new height s in the hierarchy. Or you could leave your 9 to 5 job to start your firm. The diverse career options in the field ensure a tremendous opportunity for the growth of an individual.
Lower fees- The fee of the course structure of a CA is rather low when compared to all the other expensive courses in India. The salary, however, is almost at par with several other courses offered in India. The Chartered Accountant course gives great value for money. Investing your money for a career in CA is a great idea.
Career scope- A CA can work in any area related to accounting, finance management, investment banking, and even consultation. This gives a lot of scope for a change in fields in case you do not like the nature of your work. Be sure to study only in the best CA coaching institute in Kerala, to ensure maximum benefit to your career.
How much does a CA earn?
The average salary of a CA could be around 55 thousand rupees per month. However, it is important to understand that there are various factors at play when it comes to your salary as a CA. Here is a comprehensive list of CA salaries that could be helpful in your decision-making process.
Salary of a CA working overseas
There is a tremendous opportunity for CAs overseas. A CA who is working abroad could earn anywhere around 75 lakhs per annum. If you want higher living standards and would not mind leaving the country, heading abroad to work as a CA could be the best option for you.
Salary of a CA-based on skills
One very peculiar factor about the CA course is that different skills get paid at a different pay rate. For example, a CA qualified for strategic budget management can earn between 9 to 11 lakhs per annum. Whereas CAs involved in Tax compliance and consulting aren't paid as well. Auditing, account management and financial reporting can get you anything between 7.5 lakhs to 9 lakhs per annum. Therefore be sure to enhance your skills when studying to become a CA. You should visit only the best CA classes Kerala to enhance your skills.
Salary of the CA according to the city of employment
The salary of a CA also depends on quite a bit on the city that CA is practising in. Cities like Gurgaon, Chennai, and Mumbai pay an average salary of 8 to 10 lakhs per annum. However, this value gets reduced as we go to low tier cities. Pune and Ahmedabad also have an average salary of 7- 7.5 lakhs p.a. for a CA. There are a few low paying cities that you can avoid. However, your expertise and experience can help you get a higher salary, even in the cities that do not pay that well.
Salary of the CA based on CA firms
The amount that you earn as a CA is also impacted by the kind of firm that absorbs you. There are several CA firms in India. The biggest and the most famous firm network comprises of E&Y, Deloitte, KPMG, etc. Not only do these firms recruit fresh graduates every year, but they also pay around 8 lakhs to a fresher. Growth in such firms is rather easy and you will reach the salary of 25 lakhs per annum pretty soon. Students who have attended the best CA coaching classes in Kerala tend to be more successful in bagging a job with these firms. Therefore be sure to visit only the best CA Coaching Institute in Kerala.
Salary of the CA based on the Job profile
The salary of the CA also depends on the job profile of the CA. For example, the job profile of a CFO, finance controller or account executive can draw as much as 22 lakhs per annum. Whereas job profiles like business analyst do not draw too much money. Your job profile not only depends on the university you studied in but also hard work and determination. Therefore be sure to attend only the best CA coaching institute in Kerala so you can earn a good amount of money as a CA
Hard work and perseverance really can take you places when it comes to the job of a CA. although CA seems like a difficult course to take up, it is important to know that the perks are worth it. There is an unmatched sense of honour and prestige attached to the job. You will earn a lot of respect along with a good salary in the job of a Chartered Accountant. You should, therefore, visit only the best CA coaching institute in Kerala so that you can have a successful career as a CA.