Tuesday, April 30, 2019

5 Reasons to Opt Chartered Accountancy as a Career

Choosing a career path for yourself can be one of the most important turning points in your life. Your future is decided mostly on the basis of your profession, your earning potential and how happy you are with the career path that you have chosen for yourself. This is why you should give it a lot of thought.

Chartered Accountancy is one of the few careers where professionals have the choice of working in various industries. Some fear that CA can become a monotonous profession, but on the contrary, it can be a very interesting career path that provides you with a wide range of opportunities to grow and succeed. We have 5 reasons why you should opt for Chartered Accountancy as a career:

1. Choose it as a Profession or Become An Entrepreneur

As a CA you can work with the different organization as an employee, but if you have business acumen, then you can also start your own firm. Few professions give you the opportunity to be your master and CA is one of these few. While you can gain your experience in the field by working under other CAs, you will eventually have the option and the experience to lead your own team.

2. The World Is Your Oyster

Accountancy is one aspect that is common in all industries around the world. CAs are not limited to their home country when it comes to working opportunities. You will be able to apply for jobs internationally as well. Many overseas countries are willing to hire CAs from other countries. You will have the opportunity to settle abroad as an expat or return home once your professional term comes to an end.

3. Gain Experience in Different Work Environments

You can work in different types of industries, understanding various work environments, and the manner in which numbers play a role in varying ways depending on which industry you work with. By expanding your experience and knowledge, you are not just increasing your opportunity to improve your career prospects, but also reducing the boredom that other professionals experience over a period of time.

The job of a CA is an extremely exciting and interesting one. This is because you have lots of industries to explore and different opportunities as well. You can join government service, work abroad, start your own firm or consult startups.

4. Financial Stability

Every career opportunity is closely scrutinized for the amount of money that you will be able to make in it. This is an important aspect given the fact that your future depends on how much you earn. CAs usually start as interns where payments are not very high, but once their professional career begins, the prospect of earning a significant amount of money is very high.

Depending on the company or industry you choose, you can earn a considerably high salary as compared to the average professional starting in their career. Chartered accountancy is a lucrative profession, but it requires hard work in the early stages.

5. Recession-Proof

Looking for a job that you can hold on to no matter which way the economy is tipping? Chartered accountancy is a profession which provides you with job security even during the recession. This is because companies are most concerned about their numbers when the chances of a loss can be high.

CAs can help companies through bad times by managing the accounts effectively and by providing financial consultation which can reduce losses for the organization. While others may be losing their jobs in the recession, as a CA have the opportunity to become a prized asset for the company.

Conclusion

If you choose to become a CA, then your journey will start soon after you pass your +2 board exam. You can choose to pass the Common Proficiency Test (CPT), or you can complete your graduation in Commerce and then apply for the Integrated Professional Competency Course (IPCC). Both, the CPT and IPCC are held and regulated by the Institute of Chartered Accountants of India (ICAI).

By preparing yourself for your career, you will be able to clearly chart your path towards success in the profession. CA is an exciting career; these 5 reasons to opt for CA Course must be complemented by your willingness to work hard towards achieving your career goals and your passion for accounts and commerce.


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