The Chartered Accountancy Course is a distance learning professional course offered by The Institute of Chartered Accountants of India, although very popular among the commerce students. It is a professional course which is not only a reputed one rather is very lucrative in terms of salary.

Infact Chartered Accountancy is one of the most sought after and the toughest examination in the country as far as the professional accountancy examinations are concerned.

Students who are interested to pursue this course has to undergo different stages of examinations along with some practical training sessions.

The Institute of Chartered Accountants of India provides a three level CA program comprising the following 3 stages.

The different stages of examination includes the following-

  • Foundation Programme
  • CA Intermediate Programme
  • CA Final Programme

As all of us understand that now a days, there’s a great emphasis on adherence to norms of efficient Corporate Governance and Risk Assessment, hence the demand of professional of Chartered Accountants have also risen especially after enactment of Company Act 2013.

Chartered Accountancy being a very lucrative profession opens up various career opportunities for the qualified candidates.

Also it is to be noted that Chartered Accountancy is an in demand and a secure profession. Irrespective of their size, almost all companies need to have Chartered Accountants. 

Chartered Accountants are well paid professionals

There is no doubt that Chartered Accountants gets handsome salary/ income from whatever option they chose. They are considered as highly paid in the companies and when it comes to practice/ own business there is no limit once they decide the type of business they chose to proceed with. 

The take home salary once they decide can vary between Rs. 5 lacs to Rs. 10 lacs but with experience the rise and growth can be exponentially high.

Although the salary and remuneration depends upon the skill and experience of the candidate also but at the same time this profession brings atleast minimum security on account of financial front. If we arbitrarily try to bring an estimate on the basis of experience of the candidate, then some picture may come out like below-

Years of experienceSalary can range upto
0-5 yearsRs. 7 lacs
5-10 yearsRs. 12 lacs
10-15 yearsRs. 20 lacs
15-20 yearsRs. 30-40 lacs

Remuneration on the basis of professional capacity and profile

After qualifying chartered accountancy, the candidates have numerous options with themselves like getting into the job or doing their own professional business or practice or on partnership basis-

a. Auditing Jobs

b. Taxation Jobs

c. Finance Jobs

When into job, the Chartered Accountants can select as many options for them as they think for. These days Chartered Accountants play a very major role in helping companies grow and succeed. They also act as business advisors and they may not always be in forefront but still an intrinsic part of the strategy making and planning. They also occupy various critical positions in business setting. 

While acting as business advisors they also help the business owners to reach to a higher level of profits and excellent margins. Over the years the experience and skill set acquired by them have actually helped them in establishing their own Chartered Accountancy Firm.

The demand for CAs in the foreign market is getting higher and higher day by day and infact at a peak right now. If anyone has anytime dreamt of settling abroad then this is the right choice for him. The demand for CAs in the foreign market is as much as the demand is in India. 

Before reading further check out these posts:

How to do CA Foundation Registration 2021

CA Foundation 2021 – Everything you want to Know: Dates, Registration, Eligibility, Syllabus, Exam Pattern, and Study Pattern

As per the profile offered to them, their salary varies from role to role. For instance-

Role ProfileEstimated salary per annum
Financial officer in the companyRs. 35 lakh
Account executiveRs. 5-10 lakh
Accountant- in accounts depttRs. 15-25 lakh
Finance controller jobRs. 10-19 lakh
Managerial Role- Finance managerRs. 10-15 lakhs
Financial analyst profileRs 6- 8 lakh
Assistant account managerRs. 5-7 lakh
Senior account executiveRs. 4-5 lakh
Senior AccountantRs 3.5- 5 lakh
Business analyst roleRs 4- 5 lakh
Account assistantRs 2-5 lakh

Location based salary structure

The remuneration of the Chartered Accountants also vary from the location in which the job profile is posted, for example in Gurgaon the salary will be higher as compared to Punjab region.

Similarly if we talk about Chennai or Mumbai region it will be even more than Gurgaon and far higher than Punjab region.

Normally maximum Chartered Accountants opt for working in and around Delhi region. Other regions include Pune, Ahmedabad, Jaipur as top locations among others across India.

Now lets study some highest paid employers for Chartered Accountants Nationally as well as Internationally

EmployerCA Salary per annum (Avg)
Reliance IndustriesRs. 25-45 Lakhs (Highest)
Hindustan Unilever LtdRs. 10-36 Lakhs
DeloitteRs. 14-35 Lakhs
KPMGRs. 14-32 Lakhs
Aditya Birla Sun LifeRs. 13-28 Lakhs
ICICI BankRs. 11-27 Lakhs
ITCRs. 10-25 Lakhs
TATA companyRs. 10-22 Lakhs
Bharti AirtelRs. 12-22 Lakhs
SBI BankRs. 6-17 Lakhs

Source: CA Salary In India

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