A Chartered Accountant (CA) is a professional with high skills in finance and accounting. This professional is responsible for offering various financial services including financial advice, financial reports, and confirming compliance with applicable laws and regulations. Along with reward, chartered accountancy is a much-respected profession in India and across the globe, and CAs globally earn handsome salaries.
To become a CA, one needs comprehensive knowledge of commerce and math with a good understanding of taxation, economics, accountancy, and business studies. The high demand of this profession is associated with the high salary of chartered accountants in India. Salary is a promising boost that attracts a large number of students to join the CA profession every year.
In this post, we will focus on the salary of CAs in India in terms of different factors like experience, skills, and location to allow aspirants to make better decisions while choosing this profession.
Salary of Chartered Accountants in India 2024
What is the salary of a chartered accountant? This is a prominent question that most students willing to take up CA as a career ask. The salary of a chartered accountant in India is generally controlled by their employers or the companies they work with. The salary relies mainly on factors like the exact job profile of CA, years of experience, the designation, location, and the company size.
Besides, the Institute of Chartered Accountants of India (ICAI), a body that sets regulations related to the professional standards of CA, also impacts the earnings of these professionals indirectly by defining the scope of their work as per their qualifications.
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Salary of Chartered Accountants in India as per their Skills
The certified accountant salary in India can vary in terms of their skills. CAs need some basic skills to serve their clients better. As per their reporting, analytical, and compliance skills, these professionals are paid by recruiters. Some of the highly paid skills in this regard include strategic accounting, financial analysis and controlling, managing budgets, audit management, and financial reporting. Let’s take a look at the salaries of CAs in India based on their skills:
Salary of Chartered Accountants in India as per their Experience
The salary of CA professionals also varies based on experience. Experience plays a key role in the compensation package of CAs in India. A fresher in chartered accountancy can earn an average salary of over Rs 7 lakh per annum, which goes up with each year of experience that adds to their resume. Below is the salary range that CAs in India can earn as per experience:
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Salary of Chartered Accountants in India as per their Job Profile
Salaries of Chartered Accountants can also differ in terms of their position in a company or their exact job profile. Depending on the terms and conditions of the recruitment and the designation offered, the salary compensation of CAs vary. The better the designation, the better the salary package earned by CAs.
Salary of Chartered Accountants in India as per City/Location
The city where the CAs work also plays a vital role in determining their salaries. The bigger the city, the higher the cost of living. Thus, companies pay high remuneration in metro cities as the cost of living in such cities is more compared to small cities. For instance, cities like Chennai and Gurugram pay better compensation to CAs. Take a look at citywide CA jobs and salary in India:
High-Paying CA Recruiters in India
Top MNCs are among the most high-paying recruiters in India for CAs. PWC, Ernst & Young, KPMG, and Deloitte are some such companies paying attractive salary packages to CAs in India. Here is a list of some such companies:
Note: The salary figures given above are for reference purposes and may vary depending on various factors.
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Common Industries Hiring Chartered Accountants
Chartered Accountancy is a highly respected profession offering promising compensation and several perks. Below are some common industries where Chartered Accountants are mostly recruited and offered good pay packages:
- Finance
- Accounting and Tax
- Consulting
- Healthcare
- Technology
- Manufacturing
- Information Technology Support Services
- Enterprise Software and Network Solutions
Conclusion
The field of Chartered Accountancy in India is highly popular and sought-after. If you are planning to set your career as a CA and looking for the best online programs to pursue your dreams, Amity Online University brings you several online courses to fulfill your dreams.
These online courses and certifications help prepare accounting and finance students for a career in Chartered Accountancy. Amity Online also offers ACCA certifications online to boost the career prospects of commerce students in the field of Chartered Accountancy and increase their employability across the globe. Visit the Amity Online portal to know more.
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