Placement scope for Chartered Accountants

In this article, we would focus on providing details related to roles and scope of Chartered Accountants (CAs). Find below details about CAs' placements statistics in India, average placements offered to those who clear the exam in the first or the second attempt, and average salaries across various countries. 

Chartered Accountant (CA) refers to the designation given to any accounting personnel, who is a certified professional from a statutory body signifying that they are qualified enough to handle accounting as well as taxation related matters of any business. The key job role includes filing tax returns, auditing financial statements including business practices, maintaining investments record, reviewing as well as preparing financial documents & reports, etc. A Chartered Accountant is recruited by an organisation, business enterprise, corporates or individuals to handle their accounts and financial matters. They also guide clients on legal ramifications that may cause monetary losses.

Chartered Accountants & Placement Statistics

According to a research study, an entry-level CA having less than one year of experience can expect their earning or total compensation (including bonus as well as pay for overtime) on an average to be approximately Rs 6.25 lakh per annum based on 678 salaries. A CA who has nearly one to four years of experience in this field can expect to earn an average total compensation, including variables, of approximately Rs 7.08 lakh per annum based on 1,323 salaries. Those with an experience of five to nine years can earn an average total compensation of Rs 11.05 lakh per annum based on 616 salaries. A highly experienced individual with ten to nineteen years of experience can earn up to Rs 18 lakh per annum based on 253 salaries.

According to the Institute of Chartered Accountants of India (ICAI) Placement Feb-March 2019 data, CAs have been offered an average salary package of approximately Rs 8.40 lakhs per annum in 2019. At the ICAI's placement drive for 2019, the highest package offered was Rs 22.30 lakh per annum. The institute had conducted two campus drives for newly-qualified CAs. All related information is given in the following table:

Particulars	ICAI Campus Placement Feb- March 2019
Number of Companies Participated in Placement Schedule	130
Total Number of Fresher CAs Attended the Interview	6,029
Highest Salary Offered	Rs 22.30 LPA
Average Salary Offered	Rs 8.40 LPA
Percentage of Job Offered to Candidates	42.79%

Aspiring students must note that each year, the ICAI conducts placement drive twice, mostly in February, March, August, and September, and so interested students can acquire the latest placement information from their official website.

Highest Salary Package for CA in History: India & Abroad

Company	Package Offered (in Rs LPA)
Bharti Airtel	34.5
Offered in Singapore Company	52
Offered in Dubai Company	56
CA Fresher in ICAI Campus Interview	70
Salary for international posting	76.32

Average Placements Salaries Offered to CAs Clearing Exam in First Attempt

CAs who have cleared the exam in their first attempt have been offered jobs by multi-national companies (MNCs), private banks and national banks. Here is the average that they have been offered in the past three years: 

CA final rankers	Rs 15-25 LPA
Cleared CA Final in a single attempt	Rs 11-15 LPA
CA Fresher	Rs 6-9 LPA

Some of the company-specific offered floated to such CAs are: 

Company	Salary Offered (in Rs LPA)
SBI Bank	6-17
Tata Company	10-22
ITC	10-25
Hindustan Unilever Ltd	10-36
ICICI Bank	11-27
Bharti Airtel	12-22
Aditya Birla Sun Life	13-28
Deloitte	14-35
KPMG	14-32
Reliance Industries	25-45

Average Salaries for Chartered Accountants in Dubai, the USA, the UK, and Other Countries

After completing the CA course, many aspirants plan to work for companies abroad. Most of the CAs from India are placed in Dubai, the USA and the UK. A fresher working as a CA in an MNC in Dubai can expect a starting salary of approximately AED7,500, including accommodation. And, those working for an accounting firm can expect a monthly salary of approximately AED6,500.

For those willing to work for companies or businesses in the UK can expect an average annual earning (salary+bonus) as a chartered accountant with two to four years of experience to be approximately £56,000. With just a few more years of experience, the candidate can expect an average annual salary to rise to approximately £90,200, along with an added privilege of yearly bonus of approximately £20,600.

On the other hand, if a student wants to set career as CA in the USA, then they can expect an annual salary ranging from approximately $39,930 to approximately $111,510. With years of experience, the amount keeps on rising.