Here are the answers to your queries:
Whether this imbalance will change after doing the SAP FI,
Yes off course the work-life balance will be better after you join consultancy profile in SAP.
This is because here, the manual work of vouching and report preparation is replaced by real time configurations in SAP. Also, because there is always a standard time given to complete a project, we never feel loaded too much at any point.
As you mentioned in one of your Post that there could be a Saturation point, but is it at earlier level or at the same level as normally CA in the industry.
For a CA in Finance and reporting role or in Auditing role, he/she is always working in same industry area, with the same team, for the same profile (internal audit/stat audit/annual reporting); so it gets monotonous after about 2 years or so.. You can’t find new work area unless you leave the organisation itself.
However as an SAP Consultant, you might be working with Life Sciences and Healthcare industry once and Telecom industry at another time. Always with a different team with different sub-modules to concentrate (sometimes Bank Accounting, sometimes Accounts Payable, Accounts Receivable, Payment Programs, Accounts Receivable, Asset Accounting, Profit Center Accounting, Cost- Budget Analyses etc), Different client exposure etc.
It can be said very safely that it takes about 5 years to know each and every detail of FICO modules of SAP, then there are more modules to explore.. Treasury, BPC etc.. the saturation point is out of sight even at 10 years down the line.
When I look in the industry, I see many CAs are working like dog for the very small compensation,is the same continues in this field also?
I feel that after a point of time it’s not money that you want, you want a perfect balance in Compensation-Amount of work you do- Career Progression- Personal Life. If I take this equation in mind, the package offered by IT giants to CA + SAP Consultant are pretty good, the starting package being 40,000 PM in hand to a fresher.
Whether we work as CA or we also become an Engineer by work?
It’s up to you how you approach the new profile. You wouldn’t have posted this query had you been satisfied with the current profile. Most of the CAs in Reporting, Auditing profile seek change in profile only because they are not finding it exciting and challenging anymore. They want something new and challenging to do.
I respect those who always stick to working in what they have studied. However I feel that learning new things everyday is a challenge in itself. You are respected, appreciated and rewarded for that.
So I would say, yes, you should be open to having some technical know-how to better perform your work without the help of engineers but you always have the choice to say NO to any technical works.