Becoming a Chartered Accountant (CA) in India is indeed a challenging process. To pursue this career, students need to have a background in commerce in their 12th grade. After completing their 12th, aspiring CAs must clear the rigorous CA exam conducted by the Institute of Chartered Accountants of India (ICAI), which is known for its high level of difficulty. Many students take several years, typically 2-3 years or more, to pass all the required exams and complete the necessary training.
Once you become a Chartered Accountant, your career prospects are bright, as the profession offers stability and a lucrative income. CAs are in high demand, both in India and internationally, and their salaries often surpass those in many other professions.
In countries like the United States, the role of a CA, or its equivalent (such as a Certified Public Accountant, CPA), can significantly enhance one’s financial standing. Salaries for CAs vary based on factors like location, level of experience, and the size of the firm they work for. For instance, a CA working in a metropolitan city with several years of experience will likely earn more than one working in a smaller town.
Generally, a fresher CA in India gets a package of Rs 2.7 to 3 lakh. The salary also increases with increasing experience. Experienced CAs easily get a package of more than Rs 15-20 lakh. CAs working in small firms get less salary than those working in big firms. Let us tell you that with experience, the salary package of a CA can be up to Rs 60 lakh.
The salary of a Chartered Accountant (CA) in the United States is indeed quite attractive. On average, a CA earns around $108,650 per year, which is equivalent to approximately Rs 91.21 lakh. The typical salary range for a CA in the US varies from $96,297 (Rs 80.83 lakh) to $123,009 (Rs 1.03 crore).
The salary of a Chartered Accountant (CA) in the US increases significantly with experience. Here’s a breakdown based on years of experience:
Less than 2 years of experience: Approx. $56,700 per annum (Rs 47.59 lakh)
2-5 years of experience: Approx. $71,600 per annum (Rs 60.10 lakh)
5-10 years of experience: Approx. $94,400 per annum (Rs 79.24 lakh)
10-15 years of experience: Approx. $111,000 per annum (Rs 93.18 lakh)
15-20 years of experience: Approx. $123,000 per annum (Rs 1.03 crore)
More than 20 years of experience: Approx. $131,000 per annum (Rs 1.09 crore)
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