What is the Salary of CA in India?

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Chartered accountants (CAs) are financial professionals with specialized accounting skills.

A Chartered Accountant’s skill set is versatile, making CAs highly valued in a wide range of industries.The earning potential of a Chartered Accountant in India is impressive, and this is one of the factors that draws many individuals to the profession.

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Salaries for Chartered Accountants (CAs) in India

CA salaries vary by experience, specialization, and industry:

Entry-Level: Newly qualified CAs typically earn INR 5-8 lakhs per annum, especially in smaller firms.
Mid-Level: With 5-10 years of experience, salaries range from INR 10-18 lakhs per annum, common in large corporations and audit firms.
Senior-Level: Senior CAs or firm partners can earn INR 20-50 lakhs annually, with top firms offering even higher salaries.

Sectors and Career Options for a Chartered Accountant

A Chartered Accountant (CA) is an expert in business and finance, with opportunities in sectors like private companies, government agencies, banking, PSUs, education, and NGOs. Organizations such as LIC, GAIL, and public sector banks also hire CAs. Roles and responsibilities vary by sector. Below are examples of sectors and the job roles they offer:

Company, Industry, and private sector	Banking sector	Academic	Government
– Handling financial statement – Management account – Financial Advisor – Taxation – Audit – Corporate financing	– Corporate Banking – Investment banking – Risk Analyst – Credit Analyst – Asset Management	– Teaching – Creating study material	– Government Accountant – Auditor – Taxation

Exploring Career Alternatives for Chartered Accountants

The CA qualification offers flexibility, enabling professionals to explore diverse career paths beyond traditional roles.

Starting Their Own Practice

Many CAs choose to establish their own practice, gaining autonomy over their work, client base, and brand. This entrepreneurial path allows them to provide advisory services, scale their business, and make independent decisions.

Joining Family Businesses

Some CAs join family-run businesses, using their financial expertise to optimize operations, manage taxes, and drive growth. This path offers stability while allowing them to contribute to long-term business success.

Exploring Other Fields

CAs can also venture into non-finance industries such as education, consulting, or entrepreneurship. Their problem-solving and analytical skills make them successful in roles like teaching, launching startups, or offering business consulting.

Each year, the Institute of Chartered Accountants of India (ICAI) organizes campus placements, bridging the gap between newly qualified Chartered Accountants (CAs) and top-tier organizations. These placements play a crucial role in the professional journey of CAs, showcasing the lucrative career options that come with this prestigious qualification.

In this blog, we’ll explore the salary trends for CAs in India, based on the latest ICAI campus placement data. We’ll cover the highest and average salary packages offered, along with the industries where the demand for Chartered Accountants is rapidly growing.

Campus Placement Overview by ICAI

ICAI conducts campus placements across multiple cities in India, providing a platform for newly qualified Chartered Accountants to meet top recruiters. These placements help bridge the gap between academic qualification and industry experience.

Highest Salary Package for CA (ICAI Campus Placement Data)

The Institute of Chartered Accountants of India (ICAI) CA campus placement 2024 last year witnessed a total of 8,000 Chartered Accountants (CAs) securing jobs with the highest package touched at Rs 26.70 LPA. The Power Finance Corporation offered the highest package at Rs 26.70 LPA in the 60th campus placement.

The highest salary package offered in the 59th campus placement drive of the Institute of Chartered Accountants of India (ICAI) in 2023 was ₹29 lakhs per annum (LPA). This package was offered by Diageo India

A record of 241 companies took part in the 60th placement drive this year and the average salary drawn was Rs 12.49 LPA. The ICAI CA campus placement drive was held for the qualified CAs of the November 2023 and May 2024 exams.

According to ICAI chairman of the Committee for Members in Industry and Business (CMI&B), Dheeraj Khandelwal, “This year has been a landmark achievement, witnessing the highest-ever participation of 240 companies, the largest batch of newly qualified Chartered Accountants (CAs), and record-breaking salary offers, making it the most remarkable placement season in ICAI’s history.

Read Also: ICAI CA Foundation Course Fees

ICAI Campus Placement Data (2024)

The ICAI campus placements for 2024 have shown an impressive rise in both the highest and average salary packages offered to newly qualified CAs. Below is a breakdown of the salary data from the recent placements:

Company/Industry	Highest Salary Package (₹)	Average Salary Package (₹)
Investment Banks (Global)	₹55 Lakhs	₹30 Lakhs
Big Four Accounting Firms (Deloitte, PwC, EY, KPMG)	₹35 Lakhs	₹15 Lakhs
Banking & Financial Services	₹45 Lakhs	₹20 Lakhs
Consulting Firms	₹40 Lakhs	₹18 Lakhs
Corporate Finance (MNCs)	₹38 Lakhs	₹18 Lakhs
Taxation & Audit Firms	₹25 Lakhs	₹10 Lakhs
Private Equity & Hedge Funds	₹50 Lakhs	₹25 Lakhs

Sectors Hiring CAs and Their Salary Trends

Big Four Accounting Firms (Deloitte, PwC, EY, KPMG)

The Big Four continue to be the largest employers of CAs in India, with salary packages ranging between ₹8 Lakhs to ₹18 Lakhs depending on the level of responsibility and location. These firms offer excellent career growth opportunities and exposure to international clients.

Banking & Financial Services

CAs are highly sought after in the banking and financial services sectors. In roles related to financial analysis, audit, and risk management, the salaries can range from ₹12 Lakhs to ₹30 Lakhs, with top banks offering packages above ₹25 Lakhs for specialized roles.

Corporate Finance

Companies in corporate finance hire CAs for positions in financial planning, budgeting, and strategic decision-making. Salary packages in this sector typically range from ₹10 Lakhs to ₹20 Lakhs, with high-end MNCs offering premium packages

Taxation

Taxation remains a strong area of demand, and firms specializing in tax advisory and compliance offer CAs salaries in the range of ₹8 Lakhs to ₹18 Lakhs, with top-tier tax consulting firms offering higher remuneration based on expertise.

Conclusion

The past year’s ICAI campus placement data clearly demonstrates the immense earning potential for CAs in India. Whether you’re looking to work in top MNCs, Big Fouraccounting firms, or corporate finance, the financial rewards can be very attractive. The highest salaries for newly qualified CAs can go up to ₹45 Lakhs, while the average salary is approximately ₹12-15 Lakhs per annum.

Ultimately, the CA profession continues to be one of the most respected and financially rewarding career paths in India, with significant opportunities for those ready to make their mark in the world of finance.