With rapid growth in Indian economy, Chartered Accountants are in great demand. Chartered Accountants/CA usually occupies high and respectable posts in a given organization. They are the ones responsible for handling accounts and finance related matters, deal with money management, prepare, analyze and audit accounts along with providing financial advice.
Now the question arises of outsourcing of CA. Let me give you the exact reason why after completing C.A candidate prefer to go outside and work over there.
Chartered Accountancy is a profession where returns are quite high be it public, private sector or own consultancy firm. Salaries of C.A. employed in public or private sector companies vary depending upon qualification and experience. Average salaries at junior level are 10000 to 15000 per month while a senior most C.A. can expect to get 50000 to 60000 per month in domestic markets. In abroad salaries may go up to 500000 per month. Chartered Accountants who are engaged in consultancy and private practice are also earning handsome returns depending upon the numbers and kinds of clients they have. Here you can see the difference, here in India it is some where around 50000 to 60000. While in abroad it increases up to 10 times i.e. up to 500000 per month. Or else you can say about this profession is that it is totally K.P.O i.e. knowledge process outsourcing; Because the tools for KPO are so specialized, Chartered accountants have a distinct advantage over professionals who are educated in other areas.
The application of finance with KPO can lead to a number of fantastic results. Some of the financial work that Chartered accountants can perform is market analysis, equity research, and investment analysis. Those who have these skills will be able to offer their services to clients who are interested in KPO. As you can see, it is easy to see why this is a field where CAs would easily be able dominate. There are a number of important skills that candidates will want to develop if they wish to work in this field. Candidates should be skilled with computers, and they should also display a high level of conceptualization. Candidates must also be skilled with databases, and they should be adept at conducting research. In addition to this, they must be skilled at speaking the English language, and a professional degree is also required.
It should also be noted that being mathematically oriented is important as well. It is a proven fact that Indian Chartered Accountants possess all these qualities. They have a natural flair for mathematics, research and ability to perform deep researched audit manually. It is very much easy for them to adopt the latest technology and use of tools and software’s this makes them ideal candidates to be a vital part of the KPO boom in India.
Thus, one can very well say that there are several opportunities for a CA but the worth lies in realizing such opportunities and focusing upon them with a desire to look forward towards a bright and everlasting impact of such opportunity in the career.
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