Shubham Sharma

Clearing C.A. in more than 4 attempts is profitable or not? I know it is obviously not profitable,mean to say that whether ill get higher pa

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by Shubham Sharma
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RE: Clearing C.A. in more than 4 attempts is profitable or not? I know it is obviously not profitable,mean to say that whether ill get higher pa

Mayank Chopra
Mayank Chopra
Verified Career Expert
Chartered Accountant in a leading firm
  • Delhi

Dear Student,

Career as a CA is always profitable. Its the profession in which one can earn a stable income provided you need to be updated on regular basis.

As regarding clearing CA in 4th attempt, yes it will be profitable in long run.

First I will tell you the drawbacks of clearing the C in 4th attempt:

1) Firstly, most of the big fours and Multi National Companies (not all) have a clause to hire CA's who have cleared in 2nd or 3rd attempt. However, this criteria changes depending on availability of CA's in market. So you need to worry in this regard as if one will get job somewhere.

2) Second drawback is that 4 attempts means you will loose 1 year & 6 months. What I want o highlight is the salary for 1 year & 6 months. I think you need not to worry about it, as CA in long run will cover this opportunity cost.


Now I will tell you the benefits of completing CA successfully:

1) CA as profession gives fruits steadily. Means the salary graph or fees graph increases as the you gain more and more experience. And your salary / fees will grow significantly in 6-7 years provided you update yourself on various matters on regular basis.

2) Initial salary of a CA is between 25 k - 40 k which depends on various factors, some of them are as follows:

> whether you have completed your training or not. If not completed , then you may get lower salary (as you will be under training) but it will increase the moment it gets completed>

> salary package depends on which organisation you are working. Like a big fours, MNS, medicore CA firm, Indian Companies, Government Organisations, NGO etc.

Regards
CA Mayank Chopra

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