Sahil Sharma

What is scope of being a CA in banking future

chart accountant in banking

by Sahil Sharma
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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.

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