Aspire to be CA? Why Not? You must.
There is a Compelling Rationale to opt for CA Career.
ROLE & STATUS OF CAs
CA Qualification conferred by Institute of Chartered Accountants of India (ICAI) commands both Professional and Social Esteem. It opens up vast avenues for professional career growth in every aspect of business and finance.
Innovative education with mentored work experience via Articleship route imparts on CAs:
- A greater ability to analyze and interpret business problems and evolve dynamic solutions.
- An edge over their counterparts in achieving faster progress in diverse roles in organizations and society.
CA Qualification instils trust and confidence amongst:
- Business enterprises.
- Potential clients.
According to one version, Chartered Accountants carve out a special niche for themselves in four different ways:
CAs join prestigious group of members at the forefront of the profession with exceptional capability.
2. Specialized Knowledge
CAs deepen and broaden experience with passage of time.
3. Acknowledged Professionalism
Chartered Status of CAs provides parity with other professions reinforcing and creditability of CAs.
4. Public Perception
Chartered status of CAs is recognized and respected by consumers
as a mark of trust, meaning CAs enjoy consumer preference.
COMPELLING RATIONALE TO BECOME CHARTERED ACCOUNTANT
BENEFITS OF CA PROFESSION
1. CA- A RECESSION-PROOF PROFESSION
CA being recession-proof profession, imparts stability and security in career.
Recession connotes a period of negative growth typically for two or more consecutive quarters. Length and severity of recession leads to financial losses for business organizations. Some of them can even go bankrupt. Businesses are unable to sustain shocks of business and are compelled to layoff workforce. It could be in many sectors.
CA Profession is crucial for existence and survival of any business enterprise.
CAs possess profound insight into corporate finance. They are endowed with requisite skills, analytical ability to endure changes in financial services sector. CAs have capabilities:
- To conduct financial forecasting.
- To make risk analysis.
- To manage insolvency in downturn.
Thus, in the midst of massive layoffs and economic turmoil, CAs enjoy a sort of immunity from recession.
They become indispensable for the businesses to thrive. No wonder, CA Profession is reckoned as “Recession Proof”.
2. INCREDIBLE CAREER PATHS
CAs are involved in the success story of any organization. They perform incredible functions for success in any of the entities, be it, Corporates, MNCs, MSMEs, small units and Big 4 CA Firms.
Further, a vast range of professional opportunities encompass jobs for CAs, involving – Accountancy , Audit , Taxation , Finance and Legal matters both in corporates and individual entrepreneurial practice.
3. HANDSOME REMUNERATION
CAs enjoy handsome remuneration and perks. Remuneration Package of CAs in India ranges from Rs 6 to Rs 7 lakh on annual basis. It even goes upto Rs. 30 lakhs.
4. POTENTIAL TO WORK ANYWHERE IN THE WORLD
CA Career options are open both on national and international plane.CA qualification has received global acceptance and appreciation. CAs can aspire to work for MNCs, Big 4 CA firms and big corporate giants abroad.
5. VERSATILITY IN CAREER PROSPECTS
CAs have multiple Career prospects-be it, CA in Practice, CA in Service or CA as an Entrepreneur as depicted below:
OTHER PLUS POINTS FOR A CAREER IN CA
- Affordable investment vis-a-vis other professional courses.
- Course is backed by theoretical and practical training.
- No post-qualification gestation period.
OPPORTUNITIES GALORE FOR CAs IN INDIA
Rapidly changing dynamics of Indian economy offers opportunities galore to CAs in India.
It augurs very well for CAs in India which has heralded:
- Massive economic reforms.
- Start-up boom.
- Renewed vigor of small and medium enterprises.
- Technology-driven innovations.
- Push for digital economy.
Role of CAs is further magnified with the introduction of landmark legislations:
- GST (Goods and Services Act).
- Insolvency and Bankruptcy code.