CA Salary Package: With the rapid growth in the financial sector, there is an increasing demand for CA professionals in the country. CA salary package depends upon the skills, capabilities, and experience of the professional. 7 to 30 lakhs is the average salary of a CA professional in India. The international packages range upto 75 lakhs. The highest salary is offered to the rank holders and the students who pass out in a single attempt.
The candidates who start their own practice after an experience of 2-3 years have no upper limit for their growth. However, there is a lot of competition among such small firms.
The following article will give an idea of the CA salary packages according to different industries in India.
CA Salary Package – Industry-wise Data
The Big 4
KPMG, E&Y, Deloitte, and PWC are the 4 biggest firms. These are known to be the dream companies for most of the CA students. However, there is immense work pressure on the CA students in these firms. But for those who are keen on getting exposure and experience can survive in these firms for long.
The average salary of the freshers in these companies ranges from 6 to 8 lakhs. For experienced professionals, the salary package ranges upto 25 lakhs.
The CA firms provide great exposure to the candidates who wish to practice on their own after a few years of experience. The freshers here learn how to deal with an income tax officer or clients. The CA firms offer a salary between 3-8 lakhs.
A CA in an IT industry can enjoy the job with a handsome salary package, without any extra workload. However, this does not upgrade the knowledge of the chartered accountants.
The public sector units such as ONGC, BHEL, BSNL, etc. hire a large number of freshers from campus placements. The students are shortlisted on the basis of their marks (55-60%). The average salary offered by these companies ranges from 7-15 lakhs.
These companies shortlist the candidates falling under the top 50 list The starting salary offered by them ranges between 18-28 lakhs.
CA Salary Package – Based on Skills
The analytical, compliance and reporting skills are the three major skills, the industry requires in a CA. The highly paid skills include budget management, financial analysis, strategic accounting, management auditing, and financial reporting. Tax compliance and tax consulting are lower paid skills.
A professional with polished skills can earn an average of 25 lakhs per year.
|Skills||Avg. Salary p.a|
|Budget management||9.5-11 lakhs|
|Financial analysis||8.5- 8.8 lakhs|
|Evaluation and management auditing||8.5-9 lakhs|
|Auditing||7- 7.5 lakhs|
|Financial advisor||8.5-8.75 lakhs|
|Tax consulting||7.10-7.25 lakhs|
|Financial reporting||8-8.2 lakhs|
|SAP financial accounting and controlling||8.10-8.25 lakhs|
|Account management||7-7.25 lakhs|
|Strategic accounts||8.9- 9 lakhs|
|Internal audit||7.25-7.35 lakhs|
|Tax compliance||7-7.1 lakhs|
CA Salary Package – Based on Experience
A fresher earns an average salary of 7 lakh per annum. CA with an experience of more than 10 years is offered an average salary of more than 20 lakh per annum.
The following table shows the CA salary package on the basis of experience:
|Experience in years||Average CA Salary per annum|
|< 5||7 lakhs|
|> 20||50-70 lakhs|
CA Salary Package – Based on Profile
The job profile for a financial controller, account executive, accountants and CFO are offered an average salary of 20 lakh per annum. On the contrary, a business analyst and an account assistant earn upto 1 lakh per year.
The below table shows the CA salary package on the basis of their job profiles:
|Job profiles||Avg. CA Salary per annum|
|Finance officer||35 lakh|
|Chartered accountant||7.25 lakh|
|Assistant account manager||5 lakh|
|Finance manager||10 lakhs|
|Finance controller||19 lakh|
|Financial analyst||6 lakh|
|Business analyst||4 lakh|
|Senior account executive||4 lakh|
|Account executive||25 lakh|
|Senior Accountant||3.5 lakh|
|Account assistant||2 lakh|
CA Salary Package – Based on the City they Work
CA salary packages differ from one city to the other. For instance, a CA working in Chennai and Gurugram is paid the highest, whereas, Ahmedabad and Jaipur are among the lowest-paid cities.
Let us have a look at the CA salary package in different cities:
|Cities||Avg. CA Salary per annum|
Highest CA Salary Packages in India
PWC and ICICI are the highest paying firms in India. Let us have a look at the other firms paying handsome salaries to a CA in India.
|Companies||Avg. CA Salary per annum|
|Reliance Industries||25-45 Lakhs|
|Aditya Birla Sun Life||13-28 Lakhs|
|ICICI Bank||11-27 Lakhs|
|TATA company||10-22 Lakhs|
|Hindustan Unilever Ltd||10-36 Lakhs|
|SBI Bank||6-17 Lakhs|
|Bharti Airtel||12-22 Lakhs|
CA Salary Package for Toppers
The salary packages offered to toppers in the past few years are mentined below:
Other Salary Sources of a CA in India
After a CA renders his consultant service or manges an individual account, he/she receives a fees. This is a major source of income for those who practice individually.
An individual exhibiting an exceptional performance receives incentives in the form of bonus.
CAs also help their clients to sort out certain financial glitches. For this, they are offered commision over the solution they offer.
ICAI has signed MoU with Australian Universities, and will soon be doing the same with Dubai and east countries. The candidates will be trained according to the international standards and might fly off to these countries for future prospects.
Though, the number of attempts matters to get shortlisted in a good company. However, what matters the most is proving yourself on the basis of your work.
One mght not find his dream job in the first go but might do wonders in life. On the contrary, someone with his dream job in hand is unable to handle the work pressure and has to quit. Therefore, the above mentioned lists of CA salary packages are just an idea of the criteria on which salaries are offered in the industries. The more experienced and skilled a professional is, the more he is paid.