Chartered Accountant
Pay and Remuneration
The Chartered Accountants generally get paid depending upon ones' work experience and the firm where one is placed. Candidates holding CA inter- qualification have a starting pay of around Rs.7500/- per month, while a full fledged CA after having worked for around 5 - 8 years in a good firm, draws a salary anywhere between Rs.10 lakhs to 15 lakhs per year. Whereas those working as independent professionals also earn a very healthy sum, depending upon number of clients services etc.
Career Prospects
With the changing times, campus interviews are organized by the institutes for freshly qualified chartered accountants at various centres like Mumbai, Delhi, Kolkata, Bangalore, and Chennai. Fresh professionals are interviewed and the deserving ones are immediately absorbed by organizations. Other than these interviews, a Chartered Accountant can explore a few other possibilities.
• He can choose to set up his own independent practice and develop his own clients on merit.
• He can apply for as job at an existing firm of Chartered Accountants.
• He can offer his services in the field of capital market.
• A qualified Chartered Accountant can join the Government Service, Public Sector or even in the Private Sector.
• Institute of CA of India is also well recognised abroad like in England, Wales and Australia so one can even practice in these countries as well.
Famous Personalities
Mr.Aditya Puri, CEO of HDFC Bank is a Chartered Accountant.
Mr.Rakesh Jhunjhunwala, Ace investor and trader, is a Chartered Accountant.
Mr. S. Gurumurthy, Journalist who wrote about business malpractices at Reliance and about Finance Minister P. Chidambaram is also a Chartered Accountant.
A Day in Life
The importance of Chartered Accountants has increased with the growth of capital and money market in India. An accountant will stay busy doing a lot of things, depending on his area of expertise like:
An auditor might have to visit a client location, analyze the financial data and perform test inventory counts to find out if there has been any misstatement.
An accountant working for a private sector company would be analyzing data and preparing reports to help the management with decision- making.
A tax accountant would be working on tax returns and researching ways to save his client’s tax incidence by using legal tax saving methods. As the tax deadline approaches, his workload increases too, as he has to file the returns before the stipulated date.
Is being a chartered accountant not your career plan? Here is a detailed list of all career options that you can explore, some of which are listed below -
