Recently we have seen a lot of students pursuing chartered accountancy in India. The course being one of the most prestigious and reputed professional course in India; dream of becoming a Chartered Accountant is driving students towards the course. There are many interesting facts which you should know about chartered accountancy before you go for any other professional course.
A software engineer can pursue opportunities with software industry. A civil engineer can only pursue civil construction industry. Similarly every course has its own limited scope and becomes industry specific. But a Chartered Accountant is needed by all the industries or business establishments. The roles and responsibilities can vary industry wise but the need is always there.
Unlike engineering or other professional courses, even a student having non commerce background can appear for CA entrance examination. This gives opportunities to all the students to apply for the course.
The curriculum is designed in such a manner that a student gets multi faceted knowledge about legal and finance world. This is one of the most difficult distance learning courses available in India. The variety of subjects ranging from financial management, taxation, auditing to legal laws gives an all round perspective of legal and finance world to a student.
Scoring scheme is very tough. Students need 50% marks in aggregate and 40% marks in individual subjects at every level for qualification. This does not allow students to focus less on a given subject. This is the reason why there is a general tendency towards the course that “although students enter the course but many do not qualify to become a chartered accountant”.
The three year internship program in the curriculum gives lot of strength to a candidate’s practical exposure. By the time a student completes the course, he is ready for the corporate environment. We have seen the difference in campus recruitment where a CA outperforms peers.
Chartered Accountants get good compensation offers from the industry. There is a sense of trust and integrity attached with the qualification which attracts any industry. As per the statistics issues by ICAI, highest salary offer to a chartered accountant in 2014 campus placement program was Rs. 24.64 lakh per annum and the average was Rs. 7.32 lakh per annum. CA in practice also have unlimited scope in terms of number of services they can provide.
Decision to become a chartered accountant should not be driven by some amazing facts and figures. Your interest towards the course is utmost important. The course needs patience, confidence and logical reasoning. The ratio of dropout or failure is very high. Result analysis show that not even 10 out of 100 students qualify in final examinations. But trust me; the chance is worth taking after looking at the jaw dropping facts above.
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