The salary structure of Chartered Accountants or CA differs from city to city and various other factors like individual skills, industry, location and opportunity but overall the starting salary of CA in India per month is about Rs. 40,000 to Rs. 50,000.
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Starting Salary Of CA In India Per Month For A Fresher With 0 – 5 years Experience
As a fresh CA, the average salary ranges from Rs. 37,500 to Rs. Rs. 50,000 per month or Rs.4.5 lakh to ₹6 lakh per year.
As per the reports of the Institute of Chartered Accountants of India (ICAI), the average CA salary offered through campus placements has risen from Rs.8 lakh to Rs. 11.50 lakh per annum in 2024.
Starting Salary Of CA In India Per Month After 5 Years Of Experience
With the significant experience, yearly raises, and promotions, an accomplished CA can earn anywhere from Rs. 6 Lakhs to Rs. 16 Lakhs per month i.e. ₹80 lakh to ₹ 2 crore per annum. The scale of the company significantly influences CA salaries. Some CAs also start their practice after gaining relevant experience in reputed firms.
In India, the highest salary ever reported for a chartered accountant is Rs. 60 lakh annually.
Senior-level CAs might earn between Rs. 30 lakh and Rs. 2 crore per year after ten years of experience.
For example, Bharti Airtel pays their senior CA between 12 and 22 lakhs.
Factors Affecting CA’s salary
There are various factors that affects the salary of the chartered accountant/ CA namely:
Location
The location of the firm or the CA’s work can affect their salary.
Sector
The sector the CA works in can affect their salary. This means that CA can have different roles and responsibilities namely oversee the duties of the accounting team, manage accounting systems and processes, prepare monthly financial reports, reconcile income statements, handle budget reports, detect and prevent fraud, provide financial advice, guide and advise clients on tax planning, etc. The salary structure of any CA depend on which sector he works and how efficiently he works.
Size and type of firm
The size and type of firm the CA works for can affect their salary.
Experience
The CA’s experience can affect their salary.
What is the salary per month for ICAI campus placement 2024?
Second Round Campus Placement Program is a platform specifically designed and aims to provide placement opportunities to the Newly Qualified Chartered Accountants (NQCAs) who could not get job during our main Campus Placement Program held in August- September 2024. This program is an extended dimension to the existing initiative i.e., Campus Placement Programs, undertaken by CMI&B to provide employment opportunities to the Newly Qualified Chartered Accountants, organized twice a year.
Click Here to see list of organizations participating in Second Round Campus Placement Programme November 2024 (Virtuly).
Eligibility Of Candidates For Second Round Of Campus – 2024
NQCAs who could not get job during our main Campus Placement Program held in August-September 2024.
- In case of not being selected during main campus placement program (August- September 2024), but wish to participate, candidates need to update information appearing in his/her login.
- NQCAs who have already been selected in bigger or smaller center during our main Campus Placement Program held in August-September 2024 and finally signedthe declaration are not eligible to apply for second round of campus placement program.
Guidelines For The Candidates
In the event of not being selected in bigger centre & smaller centre but wish toapply for second round of campus, you can do so through portal on 5th-13th Nov, 2024.The candidate have to register online at https://cmib.icai.org/.
A Candidate can select only Four (4) recruiting entity irrespective of thenumber of recruiting entities shortlisted them.
Once finally selected by any company and accepting the offer by signing the offer letter, the candidate cannot appear for any other interview in second roundof campus or accept job from the recruiting organization that have interviewed him/her earlier.
The last dates for filling up online application forms for the candidates, shortlisting details, consents for appearing in the interviews of the various participating organizations will be as per the details given at https://cmib.icai.org/.
The Candidates have to apply online at https://cmib.icai.org/ for the Programme under the head ‘Campus’.
The Submission of the form would be complete only after clicking the Second round of Campus Tab after filling the Registration Form”.
Candidates can choose only one centre.
There is no participation fee for the candidates.
Interviews will be conducted through virtual mode.
Timing:- The timing for the Interviews at all days shall be from 9:00 A.M. to 6:00 P.M.
Interviews will be conducted through virtual mode by the platform provided by the
participating organization as per the roster prepared by ICAI.
Link for attending virtual interview will be shared by participating organizations to all
consented candidate on their registered e-mail id.
ICAI simply acts as a facilitator to bring the recruiter and NQCAs together
Roster for the interview will be shared by the participating organization two days prior of
the interview and available on https://cmib.icai.org/.
The entire process above would be done online on https://cmib.icai.org/.
Highest Paying Countries For Chartered Accountants
- UK – Average CA salary: £40,000 per year
The average chartered accountant salary in the United Kingdom is £40,000 per year or £20.51 per hour.
Entry-level
Entry-level CAs in London typically start at £30,000–£40,000. Mid-level: Mid-level CAs in London typically earn £40,000–£70,000.
Senior
Senior CAs in London may earn £100,000 or more.
Business
The average annual salary for a CA in business is £134,000, with an average yearly bonus of over £17,000.
The UK is regarded as one of the top nations for certified chartered accountants and similar specialists. In large cities like London, Manchester, and Birmingham, there are plenty of profitable work prospects for certified public accountants in the booming British finance sector.
- Cayman Island – Average CA salary: KYD 91,447 per year
The average salary for a Chartered Accountant (CA) in the Cayman Islands is KYD 91,447 per year. Entry-level CAs in the Cayman Islands typically earn between KYD 50,000 and KYD 60,000 per year, while experienced CAs can earn over KYD 110,000 per year.
- Switzerland – Average CA salary: CHF 105,000 per year
The average salary for a Chartered Accountant (CA) in Switzerland is around CHF 105,000 per year. Here are some other details about CA salaries in Switzerland:
Starting salary
The starting salary for a CA in Switzerland is around CHF 80,000 per year.
Experienced CAs
After gaining some years of experience, CAs in Switzerland can earn as high as CHF 120,000+ per year.
Median salary
The median annual salary for a chartered accountant in Switzerland is CHF 110,000.
Highest salary
The highest salary for a chartered accountant in Switzerland is CHF 154,250 per year.
- Luxembourg – Average CA salary: €75,000 per year
The average salary for a chartered accountant (CA) in Luxembourg is around €75,000 per year. Luxembourg is a wealthy European country with a strong financial sector and many multinational corporations. CAs in Luxembourg can work with multi-billion dollar companies, investment firms, and banking institutions.
Which field of CA earns more money?
CA earns more money in Financial reporting i.e. Rs. 8 to 8.2 lakhs per annum. After Financial reporting, CA earns about Rs. 7 to 7.5 lakhs in Auditing and account management.
Can an Indian CA work in abroad?
All countries do not allow Indian CAs to practice in their countries without any additional qualification to be obtained in that country. The countries with which the ICAI has agreements signed are generally liberal in allowing Indian CAs to practice in foreign land.
Which course is equal to CA?
The ACCA qualification is equivalent to CA (ICAI) certification in India. However, the CA qualification is a bit too difficult to get through.
