Reality Of CA/CMA Course

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Average Salary of CA fresher in 2011 was 5-7 lakh package per annum. Average Salary of CA fresher in 2021 is 6 to 8 lakh package per annum.

Inflation index of 2011-12 was 184. Inflation index of 2021-22 is 311.

Means In this 10 years Inflation rises from 2011 to 2022 is whooping 70%. And salary's of a chartered accountants rises only 10-15% between 2011 to 2022. Where 3-4 articles required to do a particular task in one CA office at that time i.e ( in year 2011), Now the same work is done by one Article only due to technology. Salary of Chartered Accounts, is less then MBA and B.com qualified from a top collages. Accountant monthly earnings is more then chartered accountant now days. It clearly shows that Artificial intelligence will going to effects very severely to future Chartered accountants... Nobody comes to CA for tax filling now days ( many apps are available ) Government is increasing the limit for GST audit and tax audit. Soon MCA will also set higher limit for company audit. Very tough times for CAs. Proposed statutory audit relaxation for 99% companies by NFRA. CA certification not required for MCA form now. ACCA are stealing the job of chartered accountants  in big 4 and many consulting firms prefer ACCA over CA's. The main reason is why ICAI  increasing the difficulty level of Papers is demand of CA's in industry is very less.. It is estimated that work of Qualified Charterd Accountant will reduce to 50% and Demand of Articles will reduce to 20% after 3-5 years. Advice for current students Start focusing on one more field with CA course.. For example CA + Share Market CA + Ethical hacking/machine learning CA + MBA from top college CA+ Business There are many old students from several years are still stuck in this course and are at no where in their life In such time and in such hard work you can do many other things and add some value and achieve success... This course will not give you the worth the hardship, torture pressure and mental trauma are involved. World is moving very fast.. And this course is still focus on Rattafication.. And not changed much.. Like MBA, CFA and other courses. Many CA's are working for low as 20 - 35 thousand month in tier 2 cities. The future will be of Technologies Artificial Intelligence smartphones E-commerce, Data Analytics data science social media marketing, cryptocurrencies, graphic designing designing etc. Plus this course is very cubersome, It looks like 5 Year Course but it generally takes a 7 - 8 years as attempts and Failure is common and after passing CA final if you start practicing you will need extra 3-4 years to earn bread and butter for you. In reality Actual passing % of CA is just .08 to .09% which no one tells you Say If 1000 student appearing in ca foundation only 300 student will pass and qualify for ca inter as passing % of foundation is 30% From that 300 students 60 students pass and qualify for ca final As passing % of inter is 20 % both grp. And from that 60 students only 9 students will qualify CA finals as the passing % of ca finals is 15%. So overall pass % of CA = 9/1000 × 100 =0.9% And in these 9 students 3-4 students are those who are All India rank holders & super intelligent and toppers from there academics. So for average and below average even for above average students it takes lot of years too pass CA Seems demotivating stuff! But 💯 reality..

Rounak

Heyyy I am ROUNAK! My Vision Is To Enlarge The Connections By Providing Useful Insight & Knowledge About Ones Life.

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