#CareerBytes: 5 reasons why you should become a CA
Chartered Accountancy (CA) is a much-coveted yet challenging professional course. The Institute of Chartered Accountants of India (ICAI) offers a three-stage CA program that comprises Foundation, Intermediate, and Final courses. In India, CA is considered quite a rewarding profession, given the number of lucrative opportunities and avenues it offers. Here are five reasons why you should choose CA as a career.
Chartered Accountancy offers various career options, avenues
Qualifying as a CA opens up various career opportunities and avenues for candidates. They can start their independent CA practice and explore areas like taxation, auditing, management consultancy services, etc. CAs can also become a partner of audit, tax, or consultancy firms. One can also join large-sized organizations/institutions or global firms and work in their finance/accounts/audit departments or even enter the banking industry.
In-demand and secure profession
Chartered Accountancy is a profession that has always been in demand in the country. Irrespective of their size, almost all companies need CAs to handle their accounting, finance, and audit related tasks. There is always a strong demand for the skills and knowledge of a CA. That is why Chartered Accountancy is also one of the most stable and secure professions.
CAs among well-paid professionals
Another reason to become a Chartered Accountant is that they are among the most well-paid professionals in the country. The starting salaries for CAs are pretty good and are often higher than fresh graduates in other fields. Fresher CAs can get a mean salary of around Rs. 6 lakh per annum. The salaries of experienced Chartered Accountants are much higher.
Acquire additional professional certifications, settle abroad
After completing CA, candidates interested in settling abroad can go for additional certifications and professional qualifications that are internationally recognized. They can build an exciting and rewarding career at the global level. Some of the popular globally-recognized professional certifications/qualifications include Chartered Financial Analysis, ACCA Chartered Certified Accountant program, IIA Certified Internal Auditor (CIA) course, Chartered Institute of Management Accountants (CIMA) qualification, etc.
CA program trains students in various aspects
Contrary to the misconception that Chartered Accountancy is all about numbers, the program also helps candidates develop a good understanding of business, great expertise in finance-related subjects, and technical skills. Such training will help CAs adapt to and work in almost any sector. For those who have an entrepreneurial streak, the CA program also offers a good foundation for starting their own business.
