As the economy is growing rapidly the career options in finance and accounts are also growing demand. The most dominating field in this sector is the profession of a chartered accountant (CA).
Chartered Accountant course is beneficial for gaining knowledge of finance and accounts as accountancy has gained much popularity. Also, the role of a chartered accountant in India is rewarding and challenging. Because chartered accountants are experts in auditing, accounting, and tax consulting, they are essential for the management of CA firms.
A Chartered Accountant is considered as a member of the Institute of Chartered Accountant of India (ICAI) after clearing the final CA exam. Being a globally recognized organization, CAs are perfectly suited for a global scale qualification.
5 Benefits of Becoming a Chartered Accountant
CA can help to shape the future of financial services. Besides Edignite listed some benefits that can be received through a chartered profession.
1. A consistent and Growing field
The field of Accountancy cannot be outsourced and put away easily. The profession of CA will be always in trend because business organizations need chartered accountants to works on the company’s financial reports, bookkeeping, and advising on tax, etc, Hence, the career opportunities in accountancy are being developed to enhance in the coming years.
2. Great choice of career paths
Qualifying as a chartered accountant (CA) can open many opportunities during your careers such as company secretary, auditor, and accountant. In addition, qualified chartered accountants could work with the highest levels of accountancy, finance or business.
From financial centers to CA firms and government bodies, becoming a CA is your choice of success. Moreover, if you have got an entrepreneur streak, CA also offers the perfect foundation for starting a business.
3. Earnings are high
Not only a job consistency, but a career in accounting can also make you live with a generous salary. The Institute of Chartered Accounts of India (ICAI) said that CAs are offered an average salary of around Rs. 7.36 lakh a year and the highest pay may reach Rs.24.65 lakh. However, CAs who start their own business after taking job experience of 2-3 years in reputed CA firms will be capable of earning even higher.
4. A secure profession
Companies, no matter big or small, need chartered accountants. So what’s more? A chartered accountant is recognized as one of the most recession-proof professions in India. If you choose to become a CA, your career is probable to be stable with a strong demand for your skills. Many people are unaware of the services and tax framework and they need help with tax consultants. So, the profession of CA is highly secure and would have fewer chances of losing it.
5. Choose the working environment
In many fields, the working environment depends on the industry and you have to move to a specific place or country. But, the field of finance and accountancy is quite different as it fulfills the general needs. Right from farmers to software development industries and various business organizations, everyone can benefit from the services offered by an accountant. So, you can choose your own working environment and provide flexibility in the amount of work you deliver.
If you want your career to be challenging and exciting, becoming a CA can offer all this and more. The financial expertise, as well as accounting skills, can make you a business leader.