Who earns more CA or CS?

Bhagya Achievers
23rd August, 2024
CS- Company Secretary

The CA (Chartared Accountant) and CS (Company Secretary) both are the most awaited posts, which are highly considered by the upcoming generation. As these posts are being concerned in the upcoming days the competition level is rising day by day. If we move few years back CA gets more popularity than the CS, i.e. the CA is more popular in students.

The students who are giving priority to these courses, should know about the salary criteria of the CA and the CS.

Role of Chartared Accountant

The Chartared Accountant is a person who plays an important role in financial management. He manages the taxation, auditing, and also gets updates about the corporate laws. Every firm require financial management, so the demand of the CA’s are wide in range. The CA can work in any business and in any firm. So the CA has a great scope in future.

Role of Company Secretary

The Company Secretary (CS) handles the complainces of the company. He is also a risks manager of the company and many more responsibilities are given to the CS of the company.

Job Profile and salary of the Chartared Accountant

Sr. no.	Job Profile	Salary (Approximately)	Roles
1	Forensic Auditing	6 lakh per annum	A forensic auditor figure out the mishappenings in the firm or frauds. It secures and analyze the financial records. It take cares about the legal actions of the company.
2	Tax audit	5 lakh per annum	Tax auditor is an employee who has to manage and examine the company’s accounts with respect to income tax. He has to maintain the accounts of the company as well as the budgets of the company.
3	Investment banking	9 lakh per annum	The CA plays the role of investor in the company. Investor take care about the investments done in the company and handles the earnings, the sales, losses and the profits of the company.
4	Risk Manager	11.5 lakh per annum	The risk manager, manages the risks occuring in the company. Risk manager should be skilled in decision making, as risk managing is very responsible task.
5	Entrepreneur	9.7 lakh per annum	After the CA course you can be a good entrepreneurer, entrepreneurship is the owned job i.e. one can start his own business and can be the owner of an individual firm

Job Profile and salary of the Company Secretary

Sr. no.	Job Profile	Salary (approximately)	Roles
1	Legal advisor	1.5 lakh per annum	He handles the legal matters of the company. He supervises about the internal management of the company
2	Chief Administrative Officer (CAO)	26 lakh per annum	The CAO manages the administration department i.e. he take cares about the confidential documents of the company. He set up goals of the company and also handles the policy implementation. He maintains the work coordination among the employees.
3	Company Registrar	25 lakh per annum	The person who deals with the registerations, with the partners or the shareholders of the company. Company registrar offers shares to the partners for company’s welfare and regulation.
4	Principal Secretary	12 lakh per annum	The one who manages the employee meetings, board meetings and also the general meetings of the company with the stakeholders and with board members.

CA or CS , Who earns more?

The salary of CA and the CS vary from city to city and firm to firm. Salary of a person is dependent on many criterias includes, articleship, communication skills, no. of attempts to clear the exam etc., all these are the factors on which the salary depends.

Initial Salary for CA

The minimum salary of CA is 8-7 lakhs per annum. If a student have approached to the large MNCs or in 4, then the initial salary is approximately near about, between 8 lakh to 12 lakhs per annum.

Initial salary for CS

The minimum salary of CS is 6-5 lakhs per annum. Student with CS course can earn better, initial salary of the CS is approximately near about, between 7 lakhs to 12 lakhs.

Salary criteria in different firms

There are many firms who offers a good initial salary for a fresher, these firms includes:

1. The Big4

As name defines that Big 4 includes four branches,

E&y
PWC
Deloitte,
KPMG.

These are the four firms who offers initial salary for a fresher CA/CS between 6 lakh to 8 lakh per annum, and if the student have experience then the firm offers 20 lakh to 25 lakh approximately.

2. Public sector undertakings

Public sector undertakings (PSUs) includes firms like BSNL, BHEL, GAIL and NGC, these are firms who appoints freshers for their firms, initial salary for fresher is between 7 lakh to 15 lakh approximately. The CS candidate has more scope or job opportunities in PSU’s.

3. Multinational companies

The highly reputed companies like Pepsi, E-commerce (eg Flipkart) these are the firms who pay higher salaries to the employees. Pepsi pays 10 lakhs approximately and Flipkart pays 15 lakhs approximately.

4. In Abroad

In abroad CA is appointed with yearly package that is near about 20 lakhs for fresher and it may increase upto 60-70 lakhs.

If you are willing to get more information about scope of CSCA in abroad then check out the referred link.

https://bhagyaachievers.com/blog/can-a-company-secretary-work-abroad

Conclusion

On a brief note, the average salary of Chartared Accountant is more than that of Company Secretary. No one earns in comparison, the one who has more and accurate experience about the work or job gets higher and appropriate salary, according to the talent.

Here no one is superior or inferior, everyone workhard and approached at this post. So, comparison will be unfair.

How do Bhagya Achievers help?

Bhagya Achievers test series provide number of plans regarding CA and CS courses which includes, individual chapterwise test series plan, pass guarantee pro batch, partwise test series, MCQ etc.
With the help of Bhagya Achievers test series students can get motivated, under mentorship plan, in this plan mentors provide appropriate guidance to the students, also provides syllabus pattern according to the ICAI and also guide about the study plan (time table).
Our test series provides 70-80% similar questions to the exam pattern.
Bhagya Achievers provide ICAI and ICSI syllabus and paper pattern which helps students to crack the exam in first attempt.
Bhagya Achievers provides test series (revision papers) or practice papers which helps students to get prepare for the exam, the papers are prepared by the professional faculty who had cleared the exams.
Our test series provides effective feedbacks within 24 hours which students can check their weak points and overcome them on time.

Frequently Asked Questions (FAQs)

1. How much time does CA and CS takes to accomplish?

CA course gets accomplished in 5 years including training or the articleship.

CS takes 2-3 years to get accomplish as it consist of CS Executive and CS Professional.

2. Which profession is considered better, CA or CS?

Both the courses are in demand now days both are best at their own place.

3. Which one is more difficult CA or CS?

Both courses are tough on their own, but with proper involvement and dedication, one can crack it easily.

Click here to know more details about their difficulty level.

Referred links for more information

Bright Future of CA

How to clear CA in first attempt

Registration process for CS

Tips to crack CS in single attempt