The last series is about age. Age is just a number. But completing the education at the right age makes sense. The job market selects the candidate based on qualification, age, experience, communication skills and people skills. Completing the course at the right age implies that the student value the job. He takes the opportunity to prove his skills. The first requirement of any job is confidence and responsibility. Remember the saying of Mahatma Gandhi about life: The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems. Knowing strength and capacity is the first job of a student. Self-analysis helps students to reach their goals with the required hard work.
Completing the CA course at the right age has many advantages. The first advantage is the job opportunity. The second advantage is that doing further global certification is possible if the student starts the job at the right age. The third advantage is gaining more practical experience. Let us shed light on the job opportunity for a 22-year student and a 28-year student to understand the difference in the opportunities. After the opportunities come to the experience. Let us discuss the student with 5-year experience and 10-year experience. The third point is about the global certification for a chartered accountant. Students with the right age form the force of young professionals. The young generation contributes to the economic growth of the country.
Job opportunities for Chartered accountants:
The popular job portal Naukri shows 806 vacancies for a chartered accountant with zero years of experience. The expectation of the company revolves around age, skills, number of attempts, marks, and performance. The job description says that the candidate needs to understand the transaction review, internal audit, IFC, security assessment, IT general controls, Indian accounting standards knowledge, statutory audit assignments, result oriented and meet the deadlines regarding the deliverables. The job is a beginner-level job. They work as a team member and understand the process of auditing. After gaining experience they work in operations, and report generation. Auditors provide the audit report that has a complete picture of the financial transactions and growth.
The second job portal Indeed shows that there are around 13,348 jobs vacant for a fresh chartered accountant in India. The list consists of beginner-level candidates without experience and candidates with minimum experience of 2 years to 4 years. Before five years of solid experience, the professional is called a beginner.
Salary offers for a chartered accountant:
The following list engages the readers with recent data about the salary offered to chartered accountants from companies. As there is huge demand, chartered accountants get good salaries. Business fluctuations and economic slow-down are the reasons for the consistent requirement for chartered accountancy professionals. Comparatively, the growth of a chartered accountant in the first ten years is rapid. Yes, Software engineers get a good starting salary. But the solace truth is that chartered accountants have high growth than software engineers with initial ten years. The expectation of the employers is high as they are capable of bringing profits and quality standards in the accounting system. The following points illustrate the growth of a chartered accountant corresponding to the years of experience. The job description is that the desired candidate should have the following skills: numerical ability, technical knowledge, communication skills, stakeholder management skills, managing the internal and external audits, ensuring the auditing quality, GST audit knowledge, income tax knowledge, ROC compliance, and company registration procedure knowledge. All these subjects are easy to handle for a beginner-level chartered accountant. He understands business operations, profit maximisation, capital restructuring, fundraising, challenges with tax planning and application of the changes the tax laws.
• Salary for one year of experience: The topper salary of a CA is 15 to 30 lakhs in India. In the case of an average student, the job salary is eight to ten lakhs.
• Salary for two years of experienced candidate: CA with two years of job experience gets offers for an annual salary of 6.5 lakhs to 14.5 lakhs.
• Salary for three years experienced candidate: CA with two years of auditing experience gets an annual salary of 6.5 lakhs to 14.5 lakhs.
• Salary for a candidate with four years of experience: The salary for four years experienced candidate is the same as four years of experience. It falls under the division of 8.5 lakhs to 14.5 lakhs.
• Salary for a candidate with five years of experience: Chartered accountants with five years of experience get a 20 percentage of hike in their previous salary. If their annual salary is 8.5 lakhs, it is elevated to 10.2 lakhs.
• Salary for six years experienced candidate: After getting six years of experience, the salary expectation depends upon performance and achievements.
• Salary for seven years experienced candidate: After seven years of experience, the professional gets a high-level salary of 10 lakh to 15 lakh.
• Salary for eight years experienced candidate: After eight years of experience, the salary goes to 10 to 20 lakh.
• Salary for nine years experienced candidate: Students with nine years of experience get an annual salary of 10 lakh to 30 lakhs.
• Salary for a candidate with ten years of experience: Professionals with ten years of experience are the most desirable ones. They get trapped in the big corporates. Their annual salary sounds between 10 to 30 lakhs.
Global certifications for a chartered accountant:
ACCA course is similar to chartered accountancy. It opens the door to international jobs. As the network is a big one, it gives access to multiple opportunities. After completing Indian CA, the students get nine subjects exemption in the thirteen papers. This exemption makes the student clear the examination in less time. If the student is interested in global careers, an Indian chartered accountancy course is enough. The Indian chartered accountants get jobs in UK and US. If the desire to do independent practice or business, the requirement is a country-specific qualification. So, it is easy to start an international career if there is chartered accountancy in the bio-data.
The CPA course asks for two years of job experience. It is easy to clear for a chartered accountant as he has vast knowledge in accountancy. The ICAI students get an exemption from practical experience. They need to appear in the professional education program. After completing the professional level, they get opportunities in the USA. For USA CMA, the eligibility is graduation and two years of work experience. This examination is easy to clear for a chartered accountant.
Conclusion:
Indian qualification at the right age helps professionals to travel a long distance. They find it easy to do the other courses and get promotions at a young age. Taking responsibility at a young age help to gain intensive knowledge, do the hard work, implement changes in the system, get exposure to the global accounting system, improve the Indian accounting system, and help the financial industry to grow.
