Chartered Accountant is the best profession in India, and most candidates want to work in this field, also, their salary packages are extremely high. The former reason for the high salaries is the growth in the financial sectors that increased the demand for CAs. If you tend to know the salary package of AIR1 CA, this article is beneficial for you.

CA’s salary in India

The chartered accountant salary varies on their role, experience, and the hiring company. If you do work in the public sector, then you can earn less money as your working hours are fixed and stress level is low. Your salary is approximately 7 to 9 lakhs per annum, approximately. On the flip side, if you do work in MNCs, then definitely you can earn a high income.

How much can a CA earn?

A chartered accountant’s income depends upon their skills, capability, and experience. Aspirants can check the average salary of a CA in the following table:

How many types of packages for CA?

There are ample packages available for chartered accountants. A chartered accountant’s income is influenced by their skills, experience, and capabilities. Let’s explore the various salary packages in India.

• Entry level package: For fresher’s, the minimum annual salary package for a CA in India is around 3 lakhs. For those who have recently passed a CA degree with multiple attempts, this is a good starting point. Although, those who cleared CA with more effort and hard work definitely achieve a high salary at the initial stage. Hence, we suggest you work hard and accomplish their CA with their first attempt and achieve their goals.
• Top–tier package: The highest-paying CA positions often come with international postings, where CA can earn up to 76 lakhs per annum. This is a great chance for those individuals who are looking for huge financial rewards in their career.
• Mid-range package: The remuneration range varies between 9 and 18 lakhs per year for CAs who choose to be abroad postings. Most of the CAs expect an income range of 10-20 lakhs annually in the public sectors, whereas Indian businesses offer a package range of 6-9 lakhs annually.
• Lower–tier package: In India, smaller companies offer packages for CAs near about 3 lakhs per annum in exchange for their services.

CA salary comparison between India and other countries

The range of salary given to chartered accountants depends upon the country and work of the individual. Most of the countries demand professional CA all over the world. Here are some examples of countries that demand the CAs. To see the comparison of CA salaries between distinct countries, check the below table:

CA salary by the big 4 CA firms

The big four CA firms, namely Klynveld Peat Marwick Goerdeler (KPMG), PriceWaterhouseCoopers (PWC), Ernst & Young (EY), and Deloitte are widely recognized in the industry. Doing work in these firms is a significant achievement for chartered accountants due to the valuable experience and learning opportunities they provide. After gaining experience, most of the CAs started their own practices. 

The big 4 firms offer salary packages to fresher’s that range from 6 to 8 lakhs per annum, while those who have 4 to 5 years’ experience they can earn near about 23 lakhs per year. You can see the salary structure of 4 auditing firms in the following table:

Does the number of CA exam attempts affect the CA salary?

Most of the aspirants think that many attempts to clear the CA exams affect their future career or salary, is this true? Yes, it is true that the number of attempts will definitely affect your position in the future, but you can lead the position that you deserve with your hard work and smartness.

Most of the candidates get a smaller salary package from big firms in the initial stage because they clear their exams with 2-3 attempts, but after a 4-5 year gap, they maintain a high position, and their average salary also rises to 24-25 lakhs. 

How can you earn a high salary in India?

1. Get a high rank in CA exams: If you get AIR1 in the CA exams, then your chances of getting high salary packages definitely increase. These accountants deserve 20-25 lakh salary packages per annum. Instead of this, you can apply for jobs in the big 4 firms, which I mentioned earlier.
2. Clear CA exams in 1-2 attempts: If a student does not get All India Rank but he clears the exam in one or two attempts, then also he can earn a good income. Furthermore, they can go for government jobs and companies that hire chartered accountants.
3. Join a good articleship firm: Articleship in the CA course plays an imperative role in their initial-year salary packages. So candidates should go for the reputed articleship firm and work hard because your articleship experience will give you more chances as compared to other students. 
4. Master financial accounting and analysis: Like a chartered accountant, your main role in your job is to manage financial records and statements, so, you have the master in financial accounting and analysis. It will help you in your career.

Conclusion:

In India, Chartered Accountants are crucial for financial growth and often considered the backbone of financial integrity. Knowing the salary of CA Rank holders can be a motivating factor for those preparing for the CA Exams. It showcases the potential rewards and financial success that can be achieved with hard work and dedication.

If you are still and have questions related to the CA course then get guidance from a mentor and clear all your doubts.

How Bhagya Achievers help to get AIR in CA Exams?

There are many students who not only clear CA exams but also achieve rank in their CA exams. Bhagya Achievers provide test series as per the ICAI’s exam pattern which is specially designed by CA experts. 

Also, we provide a Mentorship plan in which you can freely talk with their mentor without any hesitation. Also, our mentor provides you tips and tricks to clear CA exam in the First attempt. So, don’t waste your precious time and start your preparation with us and achieve rank in CA exams.

Also Check:

• How to get AIR in CA Foundation?
• How to get AIR in CA Inter?
• How to get AIR in CA Final?