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Career opportunities after becoming a Chartered Accountant (CA)

CA is one of the most respected professions in not just India but abroad too.

This profession is an evergreen one as whatever be the changes in Government or regulations, a Chartered Accountant is always in demand across various industries and sectors.

Their numerical ability, business acumen, taxation knowledge is something which makes them an integral part of every organization.

The article ship period further enhances their practical knowledge, communication skills and a keen ability to work under pressure and deadlines.

The various career opportunities available for them are as follows:

  1. Own Practise

A CA can be his own boss and choose his working hours and clients by setting up his practice from his own office/home. However, doing practice as an individual or sole proprietor is an outdated concept and most of the professionals are going for partnership in the form of Limited Liability Partnership under the LLP Act,2008.

When few CA’s work together they can offer a wider basket of services and each one can specialize in a particular area.

  1. Taxation

A CA is an expert in all types of taxation related matters. They can provide advisory services for Direct Taxation, GST, International taxation etc. They can help with tax planning too.

  1. Auditing

They can analyze a companies financial statements and check for errors, conduct internal audits. They also check if the Company is following the Auditing principles and procedures. They also check for the tax liability of the individual/Company. Forensic auditing is also a good option.

  1. Consultant

A CA acts like consultants in the following fields:

  • Inspection of share valuation, issue of shares and debentures, collaboration with other organizations
  • Secretarial practice & processes
  • provide law advice about the company’s financial structure, liquidation, etc
  • provide advice on financial resource
  • Recommendations on business expansion, profit enhancement, collaboration programs, and so on.
  1. Management consultancy services
  • Project Financing
  • Mergers acquisition
  • Valuation
  • Preparing consolidated financial statements for companies.
  1. Entrepreneur

Business acumen is inherent in most Cas. They work closely with a lot of business and are equipped with necessary knowledge and skill to start on their own. A lot of CAs have given up their job and have joined the startup league.  Some of the successful CA Entrepreneurs on large scale are,

Sonia Singal launched recruitment portal for CAs

Radhe Shyam Agarwal, Co-founder Emami

Rajesh Magow, co-founder of MakeMyTrip

Dhruv Shringi, co-founder & CEO Yatra Online

  1. Work as an educator/teacher

A lot of CA’s have given up their lucrative practice or jobs and are pursuing teaching as a full time option.

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