Hi readers! “What is the starting salary of a CA in India?”. Many readers have been asking me this question in the recent past. That is why I decided to write an article on this topic. Here, I’ve analyzed various prospects available in front of a freshly passed CA. I’ve also tried to highlight average remuneration that he/she can earn in each scenario.
In future, I’ll also write salary specs associated with other professions too! Let us start of with the analysis of Chartered Accountants’ salary details!
A CA has access to numerous job profiles and opportunities. He/she has access to Government jobs, Private jobs as well as Self-Employment opportunities.
Here are some of the prime recruiters –
- CA Firms
- Finance Institutes
- Banks (Government and Private)
- Business Firms
He/she may also remain self-employed. Self-Employment opportunities include – starting own CA firm, starting own consultancy or work as freelance auditor for finance institutes/banks/MNCs/business firms etc.
The starting salary associated with each type of job is different! It also depends upon various factors. Let us take a detailed look at these aspects –
Starting salary of a CA in India: Factors, Specs & Details
There are CA’s who get good salary packages. Then there are fresh CA candidates who land low paying jobs.
So, on which factors does one’s starting salary depend on? Here are some notable factors –
- His/her skills and aptitude
- His/her academic performance
- Profile of the employer
- Job location
Of course, skills and aptitude plays a key role in determining a candidate’s starting salary. An employer gauges a candidate’s skills and aptitude during the selection process and interview.
Then comes academic performance. A candidate with good academic record stands a decent chance of landing a better salary than other candidates with mediocre or bad academic performance.
The profile of the employer also matters. For example, in case of Government employers (for example – Govt banks), the salary will be based on the designated pay scale and grade. Similarly, a high profile MNC may provide a better package when compared to a medium sized consultancy.
Job location too plays a small role in determining the starting salary of a fresh CA candidate. If you choose the path of entrepreneurship, salary won’t matter anymore! In that case, your focus should be on profit generated through the venture! Also check – CA course & best careers in India.
Based on these factors, one’s salary could be anywhere between 10-80K INR per month. There are guys who earn five figure salary per month. On the other hand, there also exists CAs who earn six figure salary per month!
On an average, the median amount can be said to be around – 45K INR. Please note that this figure may vary, depending upon the factors I listed above.