In India there are nearly 2 lakhs 40 thousand chartered Accountants but there is need of nearly 5,000 Chartered Accountant professionals in India. Every year there is increase of 25% of Chartered Accountants in India. There are lot of openings for Chartered Accountants in Finance, Auditing and Accounting Company’s. Apart from this in CA Companies the chartered accountant also play the role of Management Consultant.
Placement and Package also plays a very important role for Chartered Accountants.
Getting admission to CA Courses is very difficult because the percentage here plays a very important role.
Only 8% of the students will clear the Final Exams
Institute of Chartered Accountant of India will sponsor the chartered Accountant course.
If bachelor degree is completed in the 1991-92 then only the students can take admission in the course. This year ICICI first time gave chance to the students for the foundation course for those who have completed 10+2.
In the year 2006 the course structure got changed when CPT, ICPCC and final course started. Including this the students have to complete three years in Article ship. Students with any stream in 10+2 (completed the course) can register for CPT. But students who have completed exam in 2014 among them only 8% of the students could clear the exam and in the year 2013 only 3%.
As per the Company Act every registered company has to do their auditing from the Chartered Accountant. This is the reason why in India in all the private and government sectors there is lot of opportunities for the Company accountant. Students who have successfully completed the course can also start for private practice.
As per ICAPI nearly 52% of the students who have completed CA opt for Private practice rather then the government.
The salary package for chartered accountant is more than 7 lakhs. In December 2014 the as the placement report nearly 952 students got placed and on an average more than 7 lakhs was the salary.
And 200 students got 9 lakhs package and more than that.
As per ICAI this year 40% of the students got placed compared to last year.
Indian Accounting also has lot of requirement in Abroad. Mid East, Asia, Singapore, Australia, America and in UK nearly 20 thousand India CA people work there. In these places they also get good package. In Asian Countries there is lot of package and scope for Chartered Accountants.
Compared to Engineering and the Management Courses 22% of the girls are Charted Accountants. And in the year 2012 to 2014 Girls who have taken CPT Exam has increased to 51%.
In the year 2012 nearly 27,784 students have enrolled for CPT Exams. In 2014 the number has increased to 41,957.The reason behind this is that students get very quick entry in the course, they have good job profile and also good package and career scope.
Members of Chartered Accountant
ICAI Members: 2, 40, 000
Students who practice:52%
Registered Students: 8, 47,000
Every year students who register here were: 1 lakh students