Chartered accountants are always desired across different sectors. They are the people, who intricately align the financial statements of a company and gets it the right figures in the easiest possible manner. These professionals are trained to work under immense pressure handling various accounts and financial data. Chartered accountant jobs are among highest paying professions and also the respectful profiles that many carve for.
Chartered accountants are the sought after resources across different countries. Those with years of professional exposure as a chartered accountant can go on to work with the leading banks, financial institutions and other entities. They can even work individually handling the financial accounts and data of various firms.
Future prospects for chartered accountants
Chartered accountancy seems to be an evergreen job that always demands skilled and efficient professionals. They are always desired in banks, financial institutions, consultancies, auditing firms, public limited companies, mutual funds, portfolio management, and investment companies. After gaining some relevant experience, they can even plan to work individually. During all the phases of their career, they are expected to perform a particular set of tasks, which are given below:
- Auditing & assurance
- Tax consultancy
- Financial consultancy
- Project planning and consultancy
- Accounting services
- Business valuation
- Financial reporting
- Cost accounting
- Cost & management consultancy
- Accountants & finance outsourcing
- Investment planning
- Portfolio management
- Business valuation
Competencies for a successful career
Chartered accountants are competent and professionally trained to lead a successful career. They are expected to be efficient in terms of communication, problem solving and management. Besides, they should also be able to work under pressure. Besides, in different setups, they may be expected to be efficient on all the standards mentioned below:
- Strategy, governance, and risk management
- Performance measurement and reporting
- Decision making
How well are they paid?
Chartered accountants are paid well at all stages of their careers. Initially during their trainings, i.e., articleship, they are paid stipend may be Rs. 7,000 on a average and can go on to Rs. 10,000-12,000 or more depending upon the policies of the company and other related factors. Besides, if we talk about those who are through the final stage of CA curriculum, the average remuneration as per an international research firm is Rs. 5,00,000 per year or more in India. This research firm has also defined the skills that can help them earn a high package. The desired skills for these chartered accountant jobs are compliance audit, financial analysis, SAP SAP financial accounting and controlling (SAP FICO), and budget management.