Chartered Accountant

Between 100,000 and 150,000 students appear for entrance exams for the Chartered Accountant course every year.

Of these, only about 22 percent make it to the finals and qualify as Chartered Accountant. However, only about two percent of students pass the final exams at the very first attempt.

Studying to work as CA isn’t easy by any means. It involves studying voluminous books that consist of various accounting theories and practices, understanding various kinds of taxes and their rules as well as actual auditing and accounting to become CA.

All CA students have to study and work at the same time, which makes the course even tougher. During the daytime, they work as ‘articles’ with a Chartered Accountancy firm.

And at nights, they spend lots of time studying various subjects required to crack these tough competitive exams. Exams are conducted by the Institute of Chartered Accountants of India (ICAI).

The median income of a CA varies between Rs.500,000 to Rs.750,000 per month. Usually, CA’s are in demand around the year.

However, there’s a peak in demand for their services between March and July every year, since individuals and companies need to file tax returns with the government.