The data from the ICAI president states that there is a moderate increase in female students from the year 2011 to 2021. Earlier, the percentage stood at 36.54, and now it is 45.48. After the pandemic, the low profile jobs and high profile jobs are moving up. During the pandemic, the sectors like e-commerce, and healthcare had vast businesses. The other sectors such as real estate, manufacturing, hospitality, wellness, beauty, and logistics are showing an upsurge now.
The recruitment portal, the monster said that the monster employment index shows a yearly increase in online recruitment. The recruitment data is as follows: Mumbai holds 21 per cent, Coimbatore holds 20 per cent, Hyderabad market holds 16 per cent, and Chennai market also contributes 16 per cent. Bengaluru recorded 15 per cent online recruitment activity. Pune stands at 12 per cent, Delhi at 13 per cent, and Kolkata is also 13 per cent. The vacancies are high in insurance, banks, and financial services. The next sector with high vacancies is telecom and manufacturing. The third place is for travel and hospitality jobs.
The sectors with a downtrend are cement, engineering, construction, steel, media and entertainment, and FMCG. The CEO of Monster.com said that the sectors telecom and banking contributed to the employment generation. The recruitment industry in comparison with the year 2020 is now showing a six per cent increase. The finance industry is on the top of the list for recruitment concerning opportunities for women as chartered accountants. So, undoubtedly chartered accountants get their dream job. This blog content describes the positive side of learning chartered accountancy for women.
What are the opportunities in the post-pandemic market?
A report from a popular publisher says that gender inequalities lead to a drop in GDP value. Women are vulnerable to unemployment. In low profile jobs, the Manufacturing sector engages the male workers. The Education and health care sectors engage the female workers. As per the CNBC report, the industries with gender pay gaps are finance and insurance, health care, consultancies, transportation and non-profits. The fact that astonishes further is these industries show a high level of women workers. As a dominating working force women are facing gender gap issues. The industries with fewer gender payment gaps are entertainment, real estate, technology and education. The reason for the gap in the payment is because of the flexibility, working hours and paid leave that companies offer. Women give more preference to working hours, paid leave, and flexibility. The post-covid market emphasises gender equality and a comfortable working environment. The work from home option and flexible working hours help women to grow in the desired industry. Chartered accountants with 25 years of age and upper age limit of 65 years are eligible for a loan from banks. The applicant should be registered as an MSME under the UDYAM portal. He is eligible to get an overdraft of two lakh to 25 lakh. The professional is eligible for a term loan of two lakh from ICAI. Scope of girls in CA pay way to growth.
Profile of chartered accountant:
Chartered accountants take of the core activities and formal reporting. The below points to elucidate the job after CA for girls:
• Manage the budgets and financial systems
• Provide tax consultation
• Analyse the risk and plan the strategies as per the risk management.
• Check the financial figures.
• Plan the tax payment, mergers and business acquisitions.
• Advise the clients about business development.
• Conduct an internal audit and recommend control measures to the Company.
• Manage the junior level employees of the company.
• Negotiate the terms with the suppliers.
Advantages of women chartered accountants:
Knowledge is power. The Harvard business review 2013 edition says that the GDPs of Egypt, Japan and states would grow higher by 34 per cent, 9 per cent and 5 per cent of women are equally employed as men. Women empowerment is important for economic development. Let us dig deep into the unique skills of women. Chartered accountancy titles help the women to place themselves as entrepreneurs and academicians. The best course after the 12th for girls is chartered accountancy. The following points educate about the value of women chartered accountants.
• The educational institutes, social media groups, ICAI’s journal and forums welcome the women chartered accountants to participate in the writing assignments. Women naturally have the mind to do continuous learning through public learning programs.
• Many companies with a large number of women on the board members handle the competition wisely and increase the shareholder value.
• Qualified women chartered accountants are eligible to take consultation assignments and start their own CA firm. Self-employment help educated women to have a work-life balance.
• Part-time CFOs help organisations with specialised knowledge. Women with chartered accountancy qualifications get top management positions.
Examples of popular women as chartered accountants:
The role and respectable positions of women in the finance pursuit are perpetual. The story goes on and on. Women chartered accountants with a role models for the students are NainaLalKidwai, country head of HSBC India, DhivyaSuryadevara, CFO, General motors, Pooja Bansal, Vice-chairperson, NIRC, VishakhaMulye, executive director, ICICI Bank, and Chitra Ramakrishna, CEO, NSE. These woman chartered accountants have reached high positions with their perseverance at a young age. Pooja Bansal completed her chartered accountancy course at the age of 22. Her professional journey helped her to get appointed to the North India regional council under ICAI. She also headed the NIRC management as CEO. She worked with popular banks in India before her top postings.
Ms VishkhaMulye is the executive director of ICICI bank. She is managing the international and domestic wholesale banking group, markets group and transaction banking group, and proprietary trading group. In the year 2007, she was admired as a young global leader by the world economic forum. In the year 2008, she received CA corporate leader award from ICAI. In the year 2006, IMA awarded her with an ‘excellence in finance in large corporate’ award. Top magazines business today and fortune India titled her as a powerful woman. NainaLallKidwal’s professional journey was with many accolades. She is one of the fifteen global influential women for the year 2002. She is interested in livelihood creation for rural women and microfinance. She is currently a non-executive director of Nestle and chairman of HSBC asset management, HSBC invests direct and Max financial services ltd.
Education is the social status that reduces gender inequality. There is a wide range of scope for girls in the chartered accountancy profession. Women with high education are suitable for the top management positions and teaching positions. These roles provide them with a work-life balance. Women empowerment and gender equality play a vital role in economic development.