Accounting Career Scope: Jobs, Placements, Salary 2024, Top Recruiters

Updated on Jan 27, 2025 10:30 IST
Pragati Singh

Pragati SinghSenior Executive - Content

Accounting career in India offers diverse opportunities across various sectors. With the country's rapid economic growth, the demand for skilled Accounting has surged, encompassing roles in auditing, taxation, financial management, and consulting. 

Accounting career provides various job opportunities such as Accountants, Senior Accountants, Chief Revenue Officers, Financial Analysts, etc. The Accounting salary offered at entry-level positions ranges between INR 2 to 4 LPA, for mid-level profiles INR 4 to 7 LPA and for senior-level profiles INR 7 to 12 LPA. 

Accounting graduates can either go for jobs or choose to pursue further options such as CA, CS, CPA, CFA, MBA in Finance, CMA, Diploma in Taxation, etc. The top recruiters where candidates can kickstart their Accounting career are KPMG, Deloitte, ICICI, HDFC, Mahindra, Reliance, and so on.

Table of Contents
  1. Accounting Career: Quick Facts
  2. Salary of an Accountant in India
    • 2.1 Average Annual Salary of an Accountant in India
    • 2.2 Specialisation-Wise Salary of an Accountant in India
    • 2.3 Experience-Wise Salary in Accounting
  3. Top Career Profiles in Accounting Career
  4. Emerging Trends in Accounting
  5. Accounting Scope in India: Jobs, Salary and Further Education
    • 5.1 Competitive Exams After Accounting
  6. Accountant Scope in India: Jobs, Salary, and Further Education
    • 6.1 Courses after Accounting
    • 6.2 Accounting Top Recruiters
  7. Best Accounting Colleges for Placements
  8. Accounting Career FAQs

Accounting Career: Quick Facts

  • According to a survey report by ACCA, 96% of Indian companies are planning to hire Finance or Accounting staff in 2024, indicating a strong demand for Accounting professionals among Indian employers.
  • In India, Accounting professionals can work in public and private enterprises, government agencies, and multinational corporations, or start their own practices.
  • The interest in hiring professional Accountants among Indian firms exceeds the global average of 83%, showcasing the growth potential of India’s job market.

Helpful Links for Accounting Career:

BBA vs BCom: Which is Better?, Syllabus, Salary, Top Colleges, Job Opportunities

Salary of an Accountant in India

In the accounting sector in India Chartered Accountants (CAs) and Certified Public Accountants (CPAs) generally command higher salaries. However, the earning potential can vary from specialisation to specialisation and company to company. Look at the section below to understand about the salaries of Accountants on various levels:

Average Annual Salary of an Accountant in India

The salaries of Accountants in governement sector for freshers is higher than the ones working in private sector. However, with experience amd skills freshers in private sector can scale up their salary more than the government ones. 

Sector Salary Range
Government INR 3 - 12 LPA
Private INR 2 - 12+ LPA

Note: The average salary has been taken from various sources, and may vary.

Specialisation-Wise Salary of an Accountant in India

In India, a specialization within accounting can significantly impact an accountant's salary, with the highest paying specializations typically being Chartered Accountant (CA), Cost Accountant, Tax Accountant, Forensic Accountant, and Management Accountant; with CAs generally commanding the highest salaries due to their comprehensive skillset and high demand in the market. 

Specialization Accountants Salaries
Chartered Accountancy (CA) INR 3-7 Lakhs
Cost Accountancy (ICWA) INR 2.5-6 Lakhs
Company Secretary (CS) INR 2-5 Lakhs
Financial Accounting INR 2-4 Lakhs
Management Accounting INR 3-6 Lakhs
Taxation INR 3-5 Lakhs
Auditing INR 2.5-5 Lakhs
Forensic Accounting INR 4-7 Lakhs
Financial Analysis INR 3-6 Lakhs

Note: The average salary has been taken from various sources, and may vary.

Experience-Wise Salary in Accounting

Check out the salary based on the experience and skills for accountants, Monthly as well as Annually: 

Experience Level Average Monthly Salary Range (INR)
Average Annual Salary Range (INR)
Freshers (0-1 year) INR 20,000 - INR 30,000
INR 2.4 Lakhs - INR 3.6 Lakhs
1-3 Years INR 30,000 - INR 45,000
INR 3.6 Lakhs - INR 5.4 Lakhs
3-5 Years INR 40,000 - INR 60,000
INR 4.8 Lakhs - INR 7.2 Lakhs
5-10 Years INR 50,000 - INR 80,000
INR 6.0 Lakhs - INR 9.6 Lakhs
10+ Years INR 70,000 - INR 1 Lakh+
INR 8.4 Lakhs - INR 12.0 Lakhs+ 1

Note: The average salary has been taken from various sources, and may vary.

Top Career Profiles in Accounting Career

The evolving Financial regulations and adoption of global accounting standards further enhance the scope and relevance of this profession, making it a lucrative and fulfilling career choice.

Candidates can check the popular job profiles Accountant course graduates can opt for in the table below:

Job Profiles

Description

Average Salary

Accountants

Accountants play a crucial role in ensuring the financial health and compliance of businesses by meticulously analyzing, reporting, and managing financial records.

INR 3.3 LPA

Senior Accountants

Senior Accountants are responsible for overseeing the financial activities of a company, ensuring accuracy in financial reporting, and providing strategic insights to support business decisions.

INR 5.3 LPA

Chief Revenue Officers

Chief Revenue Officers are responsible for driving revenue growth, overseeing sales and marketing strategies, and ensuring alignment across all revenue-generating departments within an organization.

INR 75 LPA

Financial Analysts

Financial Analysts evaluate financial data, conduct market research, and create forecasts to help businesses make informed investment decisions and develop strategies for financial growth.

INR 6 LPA

Tax Policy Analysts

Tax Policy Analysts evaluate and develop tax policies, analyze their economic impacts, and provide recommendations to government bodies and organizations to ensure effective and equitable taxation systems.

INR 5.7 LPA

Note: The average salary has been taken from Ambitionbox.com.

Accounting Career Useful Links:

Which is better - CA or CFA?

Emerging Trends in Accounting

Emerging trends in accounting reflect the evolving landscape of business, technology, regulations, and global economic shifts. 

Here are some key trends that are currently shaping the field of accounting:

  • Technology and Automation: The integration of advanced technologies such as artificial intelligence (AI), machine learning, robotic process automation (RPA), and blockchain is revolutionizing accounting processes. 
  • Data Analytics and Business Intelligence: There's a growing emphasis on leveraging big data and analytics tools to derive meaningful insights from financial data. 
  • Cloud Computing: Cloud-based accounting software platforms are becoming mainstream, offering real-time access to financial data, improved collaboration among stakeholders, scalability, and enhanced security features. 
  • Regulatory Changes and Compliance: The regulatory landscape is constantly evolving, with new accounting standards, tax laws, and reporting requirements being introduced globally. 

Suggested Accounting Career readings:

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Accounting Scope in India: Jobs, Salary and Further Education

Accounting is the profession, as well as a process of recording, comparing, analysing, summarising, and reporting financial transactions. The Accountants, are professionals who are responsible for these tasks. In simple words, Accounting is an organised way to keep records of business and financial transactions and accountants prepare and organise these financial and tax documents.

Accounting students get a variety of specialities to choose from, the four majors being Public Accounting, Management Accounting, Governmental Accounting, and Internal Auditing.  

The variety of specialities offers a large scope and opens opportunities for candidates in the following industries:

Key Industries

Details

Finance Industries

There are various lucrative job roles in this industry for both fresher as well as experienced accountants with the responsibility for financial audits, bank statement reconciliation and ensuring accurate financial records.

Insurance

Assistant Manager, Associate, Executive, Sr. Executive, etc are the accountant’s position in this industry that shoulders a lot of responsibilities.

Banking Sector

Bank accountants are responsible for overseeing daily transactions to balance books at the end of the day. 

Corporate Sector

Accountants in this sector mainly specialise in business and are responsible for preparing financial documents, monthly budgets, managing cash flow, expenditure, etc.

E-Commerce

E-Commerce performs a range of tasks for the e-commerce business. It includes gathering, organising, evaluating, and reporting a business’s financial data. 

Relevant Links for Accounting Career:

Top 100 Universities in India: NIRF Ranks Parameters with Weightage

CA Salary in India: Chartered Accountant Average Package

Learn about BCom

Competitive Exams After Accounting

Once the Accounting degree is pursued, there are several competitive exams that candidates can consider depending on their career goals. 

Here are some prominent ones:

Accountant Scope in India: Jobs, Salary, and Further Education

In the upcoming future, the accounting and financial services sector is expected to grow by 5% till 2032. Hence, with the scope of accounting briskly expanding, this growth is set to create high-paying roles, ensure job stability, and unlock diverse global career opportunities.

Below are some of the industries where Accountants can find job, along with their description and job roles:

Industry/Sector Description Job Roles
Finance & Banking Offers a wide range of financial services, including lending, investments, and insurance.
Financial Analyst, Credit Analyst, Investment Banker, Loan Officer, Risk Manager
Manufacturing Involves the production of goods, from raw materials to finished products.
Cost Accountant, Inventory Controller, Production Accountant, Financial Controller
IT & Technology Focuses on the development, implementation, and support of computer-based systems and software.
IT Auditor, Revenue Accountant, Financial Analyst, Technology Consultant
Healthcare Provides medical services and healthcare facilities to individuals and communities.
Healthcare Accountant, Revenue Cycle Manager, Financial Analyst, Budget Analyst
Retail Involves the sale of goods and services directly to consumers.
Retail Accountant, Inventory Controller, Financial Analyst, Merchandising Analyst
Education Provides educational services and programs to students at all levels.
Accountant, Financial Aid Officer, Budget Analyst, Controller
Government Includes various government departments and agencies at the federal, state, and local levels.
Government Accountant, Auditor, Budget Analyst, Tax Officer
Non-Profit Organizations that operate for charitable or social purposes, not for profit.
Accountant, Grants Manager, Financial Analyst, Development Officer
Consulting Provides expert advice and guidance to businesses and organizations on a wide range of issues.
Management Consultant, Financial Consultant, Tax Consultant, IT Consultant
E-commerce Involves the buying and selling of goods and services over the internet.
E-commerce Accountant, Financial Analyst, Revenue Analyst, Fraud Analyst

Courses after Accounting

There is a steady yet assured growth of an accountant over the progression of their career and the highest growth can be seen during the middle to late career period.

However, if a candidate wishes to pursue other courses after Accounting, they can check the table below for the details:

Courses

Duration

Chartered Accountancy (CA)

5 years

Company Secretary (CS)

3-5 years

Certified Public Accountant (CPA)

12-18 months

Chartered Financial Analyst (CFA)

2 years

Cost and Management Accounting (CMA)

3 years

MBA in Finance

2 years

Diploma in Taxation

1 year

Suggested Readings for Accounting Career:

Learn about MCom

Accounting Top Recruiters

Large corporations across various industries, financial institutions, government agencies, and nonprofit organisations also recruit Accounting talent. These recruiters seek candidates with strong technical skills, professional certifications (such as CPA or ACCA), and capabilities in emerging areas such as data analytics and technology-driven accounting solutions. 

Candidates can check the table below to see the list of top Accounting recruiters in India

Top Accounting Recruiters

PricewaterhouseCoopers

KPMG

Deloitte

ERNST & Young

Grant Thorton

Maxim Liberty

Capactix Business Solutions

Shoolin Consultancy

Useful Links for Accounting Career:

Top 100 Colleges in India: Ranking, Fees, Placements, Cutoffs

Best Accounting Colleges for Placements

Successful candidates often possess a blend of technical expertise, critical thinking abilities, and a commitment to upholding ethical financial reporting and compliance standards.

These are the skills recruiters look for in a fresh candidate whenever they come for recruitment purposes.

Candidates can check the table below listing out popular colleges offering the highest median salary to candidates after the Accounting course.

Accounting Colleges

Median Salary

IIM Calcutta

33.6 LPA

IIM Lucknow

30 LPA

Management Development Institute

26.7 LPA

VGSOM IIT Kharagpur 

18.08 LPA

Punyashlok Ahilyadevi Holkar Solapur University

14.8 LP

GIM

14.7 LPA

KSG College of Arts and Science

14.02 LPA

Avanthi Degree and PG College

10 LPA

Seth Anandram Jaipuria College

9.22 LPA

Note: This information is sourced from the official website/ media reports/NIRF website and may vary.

Accounting Career FAQs

Q. Is Accounting a good career?

A. Yes, an Accounting career can be a highly rewarding career for those with a knack for numbers and meticulous attention to detail. An Accounting career offers stability, as every organization requires accounting professionals to manage finances and ensure compliance with regulations. 

Additionally, the field provides opportunities for career advancement and specialization, such as in auditing, tax accounting, or financial analysis. 

Q. What is Accounting as a career?

A. Accounting as a career involves the systematic recording, analyzing, interpreting, and summarizing of financial transactions of an organization. Accountants play a crucial role in ensuring the accuracy of financial records and compliance with laws and regulations. 

They prepare financial statements, assess financial operations, and provide insights to management for making informed business decisions. 

Q. How much does CA earn per month?

A. The earnings of Chartered Accountants (CAs) in India can vary widely depending on factors such as experience, location, size of the firm or organization, and specific industry. 

Here's a general overview based on different levels of experience:

  • Entry-level: INR 30,000 - 50,000
  • Mid-Level: INR 50,000 - INR 1 Lakh
  • Senior-Level: INR 1 Lakh - INR 1.5 Lakh

Q. Who earns more, CA or CPA?

A. The average salary of a CA is INR 11.5 LPA, while that of a CPA is INR 6 LPA.

The earnings of Chartered Accountants (CAs) and Certified Public Accountants (CPAs) can vary based on several factors including geographical location, level of experience, industry, and specific job responsibilities. 

Q. Do Accountants use Excel?

A. Yes, Accountants frequently utilize Excel as a fundamental tool in their daily work. Excel's versatility allows accountants to perform a wide range of tasks efficiently, including financial analysis, budgeting, forecasting, creating financial models, and preparing various financial statements such as balance sheets, income statements, and cash flow statements. 

Q. What is the highest Accounting position?

A. The Chief Financial Officer is the highest Accounting position.

The Chief Financial Officer (CFO) holds a critical role within an organization, overseeing its financial operations and strategy. Reporting directly to the CEO or board of directors, the CFO's responsibilities encompass a wide array of financial management tasks. These include financial planning and analysis, risk management, financial reporting and compliance, strategic planning, and capital allocation. 

Q. What are the pros and cons of a career in Accounting?

A. Here are some pros and cons of a career in Accounting:

Pros:

  • Job Stability: Accounting is a fundamental function in all organizations, ensuring ongoing demand for accounting professionals.
  • Career Opportunities: There are diverse career paths within accounting, including auditing, tax accounting, management accounting, and financial analysis, offering opportunities for specialization and advancement.
  • Competitive Salary: Accountants often earn competitive salaries, particularly as they gain experience and professional certifications.
  • Skills Development: Accounting develops strong analytical, numerical, and problem-solving skills, which are transferable to various industries.

Cons: 

  • Long Hours: Especially during busy periods like tax season or financial reporting periods, accountants may need to work long hours to meet deadlines.
  • High Pressure: Accuracy and attention to detail are critical in accounting, leading to high-pressure situations where errors can have significant consequences.
  • Continual Learning: Accounting standards and regulations frequently evolve, requiring ongoing professional development and staying updated with changes.
  • Routine Tasks: Some aspects of accounting involve repetitive tasks, which may become monotonous over time.
  • Client Demands: For accountants in public practice, managing client expectations and demands can be challenging.

Q. What skills are essential for a successful career in Accounting?

A. Several skills are essential for a successful career in Accounting such as :

  • Technical Accounting Knowledge
  • Analytical Skills
  • Attention to Detail
  • Problem-Solving Skills
  • Ethical Judgment
  • Communication Skills
  • IT Proficiency

Popular Exams

Following are the top exams for Accounting. Students interested in pursuing a career on Accounting, generally take these important exams.You can also download the exam guide to get more insights.

1 Mar ' 25 - 14 Mar ' 25

CA Inter May 2025 registration

15 Mar ' 25 - 17 Mar ' 25

CA Inter May 2025 registration with late fee

1 Mar ' 25 - 14 Mar ' 25

CA Foundation May 2025 registration

15 Mar ' 25 - 17 Mar ' 25

CA Foundation May 2025 registration with late fee

1 Mar ' 25 - 14 Mar ' 25

CA Final May 2025 registration

15 Mar ' 25 - 17 Mar ' 25

CA Final May 2025 registration with late fee

Jun '24

CT SET 2024 Counselling Start

TENTATIVE

Jun '24

CT SET 2024 Result

TENTATIVE

Popular Accounting Colleges in India

Following are the most popular Accounting Colleges in India. Learn more about these Accounting colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
4.8 L - 11.22 L
4.8 - 5.16 LPA

#9 The Week

75.02 K - 1.67 L
6.5 - 6.66 LPA

#7 India Today

83.76 K
3.13 LPA

#6 The Week

1.05 L - 1.54 L
4.72 LPA

#7 Outlook

4.37 L
4.9 LPA

#10 The Week

1.65 L
7.5 LPA

#18 The Week

Popular Private Accounting Colleges in India

6.4 L
4.0

#48 The Week

Accounting Applications open. Apply Now

99 K - 2.5 L
3.0
4.25 L
3.5

Accounting Applications open. Apply Now

1 L - 10.45 L
4.1

Accounting Applications open. Apply Now

2 Courses
2.15 L - 6.38 L

Accounting Applications open. Apply Now

Popular Accounting UG Courses

Following are the most popular Accounting UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Accounting Specializations

Following are the most popular Accounting Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Popular Accounting PG Courses

Following are the most popular Accounting PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

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Mamona Shukla

Beginner-Level 3

Answered 2 weeks ago

ICSI prescribes the CS Executive syllabus.Earlier, ICSI introduced CS Executive new syllabus 2022. Refer to the table below to know the latest CS Executive syllabus:

Group 1

Paper Number

Subjects

Marks

1

Jurisprudence, Interpretation & General Laws

100

2

Company Law & Practice Part I – Company Law – Principles and Concepts

60

Part II – Company Administration & Meetings

40

3

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40

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Subjects

Marks

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60

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Nishtha Arora

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Satyendra Kaur

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Vijay S

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Shashwat Rastogi

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Kumar santhosh Addanki

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Technically, the interested candidate should start preparing for it in class 12th. We all know that it is one of the toughest exams to  crack. First of all know about the syllabus in detail, prepare a study plan. Start with Aptitude.

Please  try to appear for as many practice test as possible.

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SACHIN SINGH

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