Sahil Sharma

What is scope of being a CA in banking future

chart accountant in banking

by Sahil Sharma
1 answer
| Share :

1 answer

RE: What is scope of being a CA in banking future

Rahul Shinde
Rahul Shinde
Verified Career Expert
Career Consultant at Pinnacle School of Business Management
  • Thane

Dear Sir/Madam,


Greeting's for the day!!!

Chartered Accountant (CA):
Chartered Accountancy is a Professional Degree course which offers huge scope for the aspirants. After becoming a CA, a person can choose to either be employed with a firm as a employee or they can choose to open their own private practice.

Before discussing the scope of of Chartered Accountant Career, let us look into the various reasons for why CA is a good Career Options:

1. The Professional Degree course gives you flexibility to go for higher education like MBA, CFA etc.
2. There is no constraint on study hours - that is, you do not have to go to college to study and you can control the peace of your study.
3. Articleship is mandatory part of curriculum, and such as, it gives you practical experience while doing articleship. An aspirant can choose the organization they want to work with.
4. Most of the CA's end up being entrepreneurs. They are their own boss. CA's can choose to become tax advisers and consultants also.
5. Maintaining continuity in career is easier for a CA, as they can afford to take breaks and sabbaticals and make a comeback after little brushing up the knowledge.

Now, considering the various benefits of becoming a CA, it is common understanding that many students would want to pursue this career path. In fact, if statistics are to go by, then in any given year, there are over 1 lakh students who appear for the ICAI exams. However, the pass percentage for these exams is abysmally low. This, however, should not be deterrent for the large number of CA aspirants, Many students dont take CA Exams to seriously, that is why there is less pass percentage.

Scope of Chartered Accountant (CA) Career:
1. CA's can choose to setup their own independent practice and develop their clients on merit.
2. They can apply for job at an existing firm of Chartered Accountants.
3. They can offer their services in the field of Capital market
4. A qualified Chartered Accountant can join the Government Service, Public Sector or even in the Private Sector.
5. Institute of CA of India is also well recognized in abroad like England, Wales and Australia so one can even practice in these countries as well.
6. It is not necessary that a CA has to work only on number crunching and excel sheets. A CA employed with a firm can also contribute towards decision making and enhancement of profits for the firm.
7. As per report by Economic Times, there is a huge demand for CA's in the manufacturing and financial services sector.
8. CA is emerging as a good career option for women as it allows work to be done at ones own pace and time, and , also, allows one to control the money flow.

further doubts or queries feel free to contact.

--
Regards,
Rahul.

In order to post replies to the question: "What is scope of being a CA in banking future"

Post Reply

Latest ANSWERS

What are the different options for a person having interest in computer science?

Hello, If you have interest in the Computer Field you can make career in the Computer Science by doing graduation or Diploma Courses in the Computer S .. read more

Are there any short term courses available for being a mainatannce techinician for autocomponent ?

Hello, You can make career in the Railways if you complete the technical course ITI or Polytechnic courses.It has various career possibilities in the .. read more

Which course should I join after 10th to enter in agriculture sector

sir, i am Prasun Chakraborty from Malda ....can i read agriculture after madhyamik??   .. read more

wants to know the future scope of the stream selector test

Hello, Recently govt. has released several vacancies in the Railways you can make career in the Railways fields.If you are preparing for the Railways .. read more
Most Popular

How is the typical day of a Interior Designer?

An interior designer is an artist who designs or decorates interior of a home through his creativity. Every designer has a basic routine that is like .. read more

What is the procedure to join Indian Navy after class 12th

How join navy after 12 th   .. read more

what to do after polytechnic

The ITI and Polytechnic courses is the basic requirement of the various private and govt. companies recruiting in the Construction and Engineering fie .. read more

What are top 10 colleges for Jewellery Designing in the world?

You can get some inputs in this link:- .. read more
Caching Date: 4/20/2018 12:53:59 AM