What to do after CA?
At the time when you achieve your goal of becoming a Chartered Accountant, your mind starts asking- what’s next? As your mind is in the habit of challenging itself to have higher goals. There is no other profession that gives such a versatile option for the selection of career fields. While audit and taxation are fields commonly associated with Chartered Accountants, you must also think about your interest area. If you find law more interesting or financial management more interesting, you should aim to get into that area and find something which can give you a platform to enhance your interest.
Confusion is created because of choices and options. No other profession gives such versatility to your career. A good Chartered Accountant has sound business skills and numerical ability. Also, good communication skills, objectivity, independence of thought and integrity coupled with the ability to work under the pressure of deadlines form the ingredients of your magic potion. The profession is highly challenging as a career choice.
We have put together some of the popular career opportunities available for CAs. Like we read in many of our books, ‘this list is just illustrative and not exhaustive’. So, let us evaluate and understand some of the conventional career options available for Chartered Accountants.
- Practice - you can register as a member in practice and hold a COP (certificate of practice) issued by the Institute of Chartered Accountants of India (ICAI). This will allow you to start your own business or join a CA firm as a partner. Depending upon the size of the business, you can take up the kinds of work the client asks for. Needless to say, it has to comply with regulations and applicable laws.
- Service - you can join any company where there is a vacancy for a CA and choose the best option which suits your interest area.
- Teaching - This is also a very popular option among professionals. With online coaching coming in place, it’s easier to get a platform where you can showcase your teaching skills.
- Competitive Exam - Those who want to do UPSC or prepare for IAS can also go for this option
- Business - A CA has an adequate skill set to understand what a business is about.
- Further Study - there is no end to further education. The more you learn, the better your skillset becomes.