Career Options after CA Final Results for Students

Written By PracticeGuru dated: 21st October, 2020

3 Min Read

Today results were declared for CA Final students. It is a great achievement for you if you clear this one of the toughest exams in the world. You get the membership of ICAI and also get to prefix the coveted word 'CA' before your name. Once CA Final is cleared, next question that comes to mind is what next, which career option to select. There are various options these days to chose from. It depends upon your liking. All options have its pros and cons. You have to weigh in all options and decide for your own. You may chose to speak to your seniors for advice.

We have discussed all the options available in this article.

First of all, dont select based only on money that you are going to earn. There are other important aspects like

your Liking,

your requirement for Freedom,

Job Satisfaction,

your Risk Taking ability,

how much Pressure you can take,

how Hard you can Work.

Take all these things in consideration before zeroing down on any option.

Dont come under pressure of expectations of family. Dont subject yourself to peer pressure.

Job in Industry

Today CAs get good package in Industry. You may get paid way more than what you can get in Practice. You need no investment or no network. You will have to work under someone so that affects your freedom. You will have to face corporate politics and need to learn skills to go to top in corporate ladder.

Many CAs start a job in a CA firm, take experience and then start their own Practice, this is also a good option.

Job in Big 4 Firms

Its tough to get into Big 4s. Big 4s are very selective in their process. Nevertheless one can always try.

CA Practice

Practice can be a struggle initially but in long term can pay good dividends as compared to job in Industry. Here you are your won boss, you can take decisions. You will be responsible for your own actions. There is social status which is higher than CAs in job. There is higher job satisfaction due to results being directly related to efforts. Practice seems risky proposition initially.

CA Practice can be done individually or in partnership with other members of the ICAI. Doing practice alone has its pros and cons. Today there is lot of competition. Collaboration is the new strategy.

Today partnership with non-CAs is also allowed. Chartered Accountants can enter into practice with

Company Secretary in Practice

Chartered Accountant in Practice

Cost Accountant in Practice

Architect professional

Advocate as defined by Bar Council of India

Engineer (Chartered)

Actuary Professional

Practice can be developed in following areas:

Statutory Audits

Internal Audits

GST Compliance

Bank Audits

FEMA and SEBI

Corporate Law

Consultancy in specialised areas such as ESOPS, funding

Watch this video to know how to start Practice

Following are some unconventional options which you may consider.

Youtuber

There are many cases of CAs have become star youtubers. One may create his own online classes by uploading videos. Due to Covid, its now a new trend where people prefer online classes and teaching.

Teacher

One who has liking for teaching can go into teaching profession. There is lot of demands for CA Foundation, Inter and Final coaching classes for teachers. Few of these teachers earn handsome sum of money.

Writing Books

One has flair for writing, can write and publish books but it takes lot of experience in real business world.

Manage Team, Clients and Works Easily and Smartly

It is FREE

Which option will you select? Comment and tell us the reason why you selected a particular option. If you think we have missed on any career option, let us know too.

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