Future Scopes for Chartered Accountancy in India as well as Abroad

Chartered Accountancy prevailed for years in the country but the profession gained popularity with the dawn of industrialization and modernization in India. Businesses started requiring skilful minds not only to manage their company's financial architecture but to come up with realistic ideas for their business development in the country.

Today CAs are required by every business in the nation for overall financial management, financial advisory and handling taxation. Some hire CAs on a full-time salary basis (giving them good packages) while others outsource their tasks to individual CA firms. Clearly, the profession has various career doors open whether you opt for a full-time stable job or become the boss of your own CA consultancy firm.

Adding on to this, below are the benefits of opting for CA as a profession.

#1. Exposure To Many Career Choices -

As mentioned above, CAs are in demand by any business operating in India either on part-time or full-time basis. Financial management to legal advisory, tax compliances to auditing every task falls under the ambit of a Chartered Accountant. If you are a certified CA, doors are open for you in large organizations, global firms or banks to work in their finance, audit or accounts department on desired packages. Or simply opt for offering your CA services on freelance.

#2. In-Demand By Various Businesses in India -

Chartered Accountancy is the most acclaimed profession in India. No matter what is the size or nature of the business, it needs the backbone to support its financial and tax management. And that backbone is an efficient CA. Apart from being in demand, CA is one of the most stable and secure professions of the present era.

#3. Well Paid Individuals -

No doubt the demand for experienced CAs is skyrocketing in the nation, proportional to which they pay for such talent is also increasing. CAs posted in reputed corporates are earning equivalent or more than what an engineer or a doctor or any government professional is earning in today's date. Fresher CA can grab up to Rs. 6 Lakhs per annum and the salary graph goes even higher for experienced Chartered Accountants (hike in packages also depend upon the years of experience as a CA.

#4. Overseas Opportunities -

Those who are looking forward to settling abroad having a great job profile and salary then career scopes of Chartered Accountancy might allure you. The profession is internationally recognized and is having a rewarding career at a global level.

Some internationally acclaimed CA certifications include Chartered Financial Analysis, ACCA Chartered Certified Accountant program, IIA Certified Internal Auditor (CIA) course, Chartered Institute of Management Accountants (CIMA) qualification, etc.

#5. The Profession is More Than Just Accounting -

People have the misconception that CA is all about finance and accounts. CA is no more confined to finance management and accounting, the profession also aces in understanding business, financial expertise ad technical skills.

A skilled Chartered Accountant can work in almost any sector they have realistic ideas to start a business and bring it on with full force in the market.

• Radhe Shyam Agarwal CA and co-founder of Emami Group
• CA Sonia Singal Founder of CA recruitment portal
• Rajesh Magow CA and co-founder of MakeMyTrip

These are truly the epitome of CA cum entrepreneurs in the nation