Thinking of pursuing a CA from ICAI? It's worth it!
by Bharat, on 18 Jan, 2019 11:58:21 AM
So, you want to become a CA in India?
If you qualify as a CA, you’ll be the holder of one of the most respected professional qualifications.
You’ll be the envy of your family, friends and society.
Why is that so?
To understand that, we’ll need to look at the process of becoming a CA. You’ll have to become a member of the ICAI. And it takes at least 4 years to become a member. It involves sitting through tough, intensive exams. And while your preparation for these exams is going on, you’ll have to undergo a period of practical training as well. We won’t go into detail about the process here.
All this studying and training hones your skills. It helps to build up your perseverance and patience. And it instils upon you a great work ethic from a young age. Which is a must for any working professional!
And because people know that cracking the examinations and becoming a CA is tough, a CA is looked upon with much respect. As much as or even more than IIT graduates!
Apart from all this, a CA is probably the most in demand finance professional. A CA >> a normal accountant to put it bluntly.
Now, apart from all this respect, there are other reasons to become a CA. Here are five more reasons why.
Five Reasons to become a CA
- Financial security. Did you know that the average starting package for a newly minted CA is around 7 lakhs per annum? That’s right. On par with even computer science graduates. And the education is for a fraction of the cost.
- Great ROI on educational costs. As we said before the cost of the course is much lesser than any engineering course. You can expect to pay as little as Rs. 50000 if you clear all your exams in the first attempt! (As of 2018). Not only that, you will get some stipend coming in while you do your practical training. So, you’ll get your money back on education almost immediately!
- Great Demand for CAs. CAs are always in demand. In fact, demand is greater than the supply. So, chartered accountancy, for the foreseeable future, will never become saturated.
- Chances to work abroad. As a CA, you’ll get ample opportunities to work abroad if you so wish. Canada, US, UK, Hong Kong, New Zealand, just to name a few.
- Opportunities for further study. You can choose to leverage your CA qualification into higher degrees. For example, about 100 Indian Universities recognise a CA qualification as equivalent to a post-graduate one for entrance into their Phd. programmes.
And finally, we want to close this post by pointing out one more teeny, little thing.
The financial expertise and business knowledge you’ll gain as a CA, can make you a business leader. You could even enter the top ranks of management! Some of the well-known CAs in India are Kumar Mangalam Birla, Deepak Parekh, Naina Lal Kidwai, Rakesh Jhunjhunwala, etc.
That’s motivating, right?
Do you think you’ve got what it takes to become a CA? If so, sign up for our video lectures and get started on your journey. Good luck!