Growth Prospects For Chartered Accountants Of India

Chartered accountants of India are and will always be in great demand

. Every business big or small requires seeking their services. The Indian economy is witnessing a boom. To manage their tax returns and help them plan better business ventures, the corporate sector needs the guidance and services of Chartered accountant India. Chartered Accountancy is a very promising field. Anyone who aspires to become a successful chartered accountant has to study a well structured course of accountancy in India. The Institute of Chartered Accountants of India is a statutory body that administers this profession. It was established in 1949.

The Headquarter of this statutory body are in New Delhi. It has regional offices at Mumbai, Kolkata, Chennai and Kanpur. There are numerous options to consider, like accounting, auditing and taxation. Chartered accountancy is one field of work that offers a great start to ones career. One can join straightaway as a manager, auditor or advisor. With an experience over ten years, smart accountants can also rise up to the Directors level also. Today, many chartered accountants hold key positions in various regulatory bodies, insurance companies and banks. Eventually an opening as a Vice President of the Income Tax Appellate Tribunals is also very much possible. Apart from all these options, one can also start an independent private practice as well.

Although, the options and avenues are simply endless in this field, but still it is greatly beneficial to specialize in one of the areas. This kind of specialization will help in getting better positions and jobs. One can also experience continuous growth by specializing and exposing oneself to the information technology. Audit practitioner and management consultant are also equally rewarding fields. Many experienced chartered accountants get jobs with various business enterprises as finance professional also. One can increase and accelerate his career graph by scoring a MBA degree as well. With another additional degree in hand one can easily get offers of various managerial positions in domains like, investment banking, IT, shipping or construction also.

The hefty salary package makes this profession very lucrative. Most of the chartered accountants in the country usually draw a salary that is more than three times of the wage of any fresh graduate. Most of the fresh accountants in the country also start their work a salary that amounts to about six lakhs per year. International postings offer a much higher pay package that comes down to 38.25 lakhs per year. Any chartered accountant who chooses to start a private practice can also get a good fortune, if the business clients are happy and satisfied with his work.

Anyone who aims to be a successful Chartered account India has to start preparing from an early age, i.e. from school itself. One must devote himself to academics. A thorough theoretical knowledge paired up with extensive practical training can shape up the young Chartered accountants of India to achieve excellent career growth. They are also required to constantly update themselves with the latest rules and standards of accountancy and taxation. Good communication skills and hard work can bring new milestones of success for them.

by: Jackson Petter

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