How much does a CA earn in one month?
This is the most searched question on the smartphones of CA aspirants, even if they are foundation students! There’s nothing wrong with this question.
What if I become a CA and find it hard to earn a living? Society will consider me a failure! I would not be able to buy my favourite sports bike or maybe the latest iPhone would not be my Amazon cart!
All these thoughts are justified dear students, it’s the harsh reality of life that everything you do ends up in analysing the monetary gain. Let me clear the most practical approach to money in this scenario i.e. “Money is not everything in life but it is surely something that can buy you 90% of everything in life”.
This clarity was necessary before answering the main question that is how much a CA earns in one month?
Long answer short, INR 6 to 9 lakh per annum is the average package range of ICAI for the past 5 years as per the recent trends this average income increases every year.
That means five years of your rigorous hard work will ensure you 50000 per month of income as a CA and it’s fair enough!! It’s undebatable that as per the Indian living standards this amount is above average and if you are a ranker or an outstanding student you can easily earn 25 to 30 lacs per annum as the starting salary from ICAI placements at self. It not just ends here, the students who get recruited by the international forms like BIG 4 on close to INR 75 lacs to 1 crore per annum. Yes you read that figure right! One reason behind this large amount of good packages is that they earn in pounds, dollars and euros and these forex rates increase every single year. This explanation is not a new thing for the Punjabi aspirants ;-).
Hey this is also important to mention that, CA is not only restricted to a job he can start his own practice by being a professional and the earnings of him might be meagre in the starting but in the long run he would have the most rewarding career with full freedom in his hands. Not only this, a CA can also become a businessman or an entrepreneur which is very much trending these days. A good number of CA freshers opt to start up their own Ventures and being CA their biggest edge over others is that they know everything about the business laws and business formalities. Doing a business a CA can make hefty fortunes because “Risk hai to Ishq hai”.
Coming back to the CA fresher packages, the following will be a very useful list of best tips on “how to land a perfect job with best earnings in your ICAI placements”.
- First of all take your rank very seriously, CA is one of those professions where marks do matter. The main reason for this is that everything you are studying is directly related to your profession, ‘the best of the jobs go to the top rankers’. It’s an eye-opening statement for all the foundation students.
- Sincerely do your articleship and if possible do your articleship from a good firm, also try to leave your hometown and move to a metro city for your further studies.
- Skill Set is a very important aspect when sitting for interviews of MNCs because they want to invest in you! And as a CA you very well know that their investments are very calculative and they test the whole of your skill sets.Like what are your management skills how will you perform under stress? and how fast can you adapt to foreign circumstances?etc.
- Work on your personality too, the second name for an interview is personality test! Personality is simply what is unchanged in u across a varied set of situations.
- First timers are always given preference over multiple attempt takers, this needs no further explanation!
I guess, till now you must have got a fair idea of all the aspects of a CA’s earning. How much, where from, and why all these are answered in this blog hope you liked it:-)! For getting more such updates and information about the CA profession stay tuned into our blog.