Chartered Accountants Salary in India
The salary of a Chartered Accountant in India depends on his/her skills, capabilities, and experience. The average salary of Chartered Accountants in India ranges from 6-7 lakhs to 30 lakhs. International packages are even higher ranging up to 75 lakhs. Last year stats show that the average salary of CAs in India was offered around 7.36 lakhs p.a. in the campus placement conducted by ICAI. Rank Holders and Single attempt passed students get a priority over the multiple attempts passed students.
However, there are many candidates who start their own practice after taking job experience of 2-3 years in a reputed CA Firms. If such a candidate is well capable to do so then there is no upper limit for his/her growth. Although, many such small firms shut down in a short span due to high competition.
Here we have prepared an article for you, which will help you to get an idea of the average chartered accountant salary in India per month.
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Industry Wise Chartered Accountant Salary in India Per Month 2020
#1 The Big 4
Big 4 itself defines the four biggest firm networks in it consist of E&Y, PWC, Deloitte, and KPMG. Most of the CA students dream to undergone their 3 years articles from any of the firms in the Big 4 and after becoming Chartered Accountant they wish to get a job in them. You will definitely happy to know that these 4 firms actually hire a large number of fresh CAs in every attempt. However, working with these firms is not as easy as getting a job. The Work pressure in these companies frustrate Chartered Accountants and it results in leaving their job in a very short span. But if you are fond of learning, and want to explore as much knowledge and experience as you can then this is the best platform for you where you can learn.
- The average salary offer by these firms ranges from 6-8 lakhs for fresher.
- After some years of experience, these firms offer up to 25 lakhs to a Chartered Accountant depending on his capability and skill.
#2 CA Firms
Candidates wishing to start their own practice after some years of experience join CA Firm which gives them great exposure. Here, a fresher Chartered Accountant learns how to deal with the client or how to deal with the Income Tax Officer. Might be you are thinking that you have gained much experience in your articleship training also, but the scope of an article is always limited. The experience which you can gain after becoming a Chartered Accountant could not be possible in your articleship training. The salary offered by CA Firms generally ranges between 3-8 lacs.
#3 IT Industry
IT Companies like TCS, Wipro, Infosys are best for the people who don’t want to get an extra workload. Here candidates enjoy a good job with a handsome package and less workload. However, being a Chartered Accountant it is often not preferred by candidates as knowledge could not be much upgraded here.
#4 Public Sector Undertakings
PSUs like BSNL, ONGC, BHEL, GAIL hires much fresher CA from the campus placement. These companies often shortlist the candidates on the basis of their marks ranging from 55% to 60%. The number of candidates who passed with two or more attempts in the CA Final generally got selected by PSUs. The starting salary offered by such companies ranges between Rs 7-15 Lacs. Although annual increment is very limited but still a good option.
#5 Marico/ RB/ HUL/ P&G
To get shortlisted with such companies you must place your name in the top 50 students because such companies are perfect for any fresher CA. They select only ranked students and jobs offered by them looks like a dream come true. The starting salary offered by such companies ranges between Rs 18-28 Lacs.
The above given is just an idea of various companies that hire a great number of fresher Chartered Accountants. Marks and attempts are just the first stepping stone to get a good job or to get shortlisted, rest depends on your own capabilities.
Might be, your attempts pull you back in starting to get your dream job but your hard work and smartness can lead to you wherever you want. Many of the people who have taken 2-3 attempts in CA Final started their career with one of the firms in Big 4 with a starting package of just 6-8 lakhs but in a span of 4-5 years, there have maintained a position where they are earning an average salary of 24-25 Lakhs per annum. Although, there are also a number of candidates who left within one year due to the overload work pressure.
Hence, it has been concluded that the number of attempts matters in getting a good job but this is not everything. After getting shortlisted by a company, the next step is to prove yourself on the basis of the interview and your work. So, give your 100% and just go for it.
Chartered Accountant Salary in India on the Basis of Skills
The three main skills that are required in a good Chartered Accountant are analytical, compliance, and reporting skills. These are the skills on the basis of which they are paid. Chartered Accountant with skills like budget management, strategic accounting, management auditing, financial analysis, and controlling gets an average salary of more than 8 lakhs. Given below is the table showing Chartered Accountant salary on the basis of their skills.
|Skills||Average salary p.a|
|Budget management||9.5-11 lakhs|
|Strategic accounts||8.9-9 lakhs|
|Evaluation and management auditing||8.5-9 lakhs|
|Financial analysis||8.5-8.8 lakhs|
|Financial advisor||8.5-8.75 lakhs|
|SAP financial accounting and controlling||8.10-8.25 lakhs|
|Financial reporting||8.-8.2 lakhs|
|Account management||7-7.25 lakhs|
|Internal audit||7.25-7.35 lakhs|
|Tax consulting||7.10-7.25 lakhs|
|Tax compliance||7-7.1 lakhs|
Chartered Accountant Salary in India on the Basis of Experience
Chartered Accountant salary is also based on their experience. Given below is the p.a salary according to the experience of Chartered Accountant.
|Year of Experience||CA Salary P.A|
|Above 20||50-70 lakhs|
Chartered Accountant Salary in India on the Basis of Job Profiles
Given below is the list of Chartered accountant salaries on the basis of their job profiles.
|Job Profile||CA Salary per annum|
|Financial officer||35 lakhs|
|Account executive||25 lakhs|
|Finance controller||19 lakhs|
|Finance manager||10 lakhs|
|Chartered accountant||7.25 lakhs|
|Financial analyst||6 lakhs|
|Assistant account manager||5 lakhs|
|Senior account executive||4 lakhs|
|Senior accountant||3.5 lakhs|
|Business analyst||4 lakhs|
|Account assistant||2 lakhs|
Frequently Asked Questions
Q1. What is the Average Salary of a Chartered Accountant in India??
Ans: The average salary of Chartered Accountants in India ranges from 6-7 lakhs to 30 lakhs. International packages are even higher ranging up to 75 lakhs. Last year stats show that average salary of CAs in India was offered around 7.36 lakhs p.a. in the campus placement conducted by ICAI. Rank Holders and Single attempt passed students get a priority over the multiple attempts passed students.
Q2. Which Big 4 Accounting Firms Pays the Most??
Ans: Big 4 itself defines four biggest firm network in it consists of E&Y, PWC, Deloitte, and KPMG. Most of the CA students dream to undergone their 3 years articles from any of the firms in Big 4 and after becoming Chartered Accountant they wish to get a job in them….Read more
Q3. How Much Does a Chartered Accountant Get Paid in Big 4?
Ans: Average salary offer by these firms ranges from 6-8 lakhs for fresher. After some years of experience, these firms offer up to 25 lakhs to a Chartered Accountant depending on his capability and skill.
Q4. How Much does a Chartered Accountant Earns in CA Firms?
Ans: The experience which you can gain after becoming a Chartered Accountant could not be possible in your articleship training. The salary offered by CA Firms generally range between 3-8 lacs….Read more