Chartered Accountants Salary in India
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 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 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-
Industry Wise Chartered Accountant Salary in India Per Month 2018
#1 The Big 4
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 articleship from any of the firms in 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 hires 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 into 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.
- 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 a 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 such 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 range 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 attempt in CA Final generally got selected by PSUs. The starting salary offered by such companies range 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 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. Starting salary offered by such companies range between Rs 18-28 Lacs.
The above given is just an idea of various companies which hires a great number of fresher Chartered Accountants. Marks and attempts are just 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, next step is to prove yourself on the basis of interview and your work. So, give your 100% and just go for it.