Demand for CAs has never gone down in the last 51 years
Now that the class XII general stream results have been declared,
several students are busy making their next career move. Most of the
toppers are planning to make a career in Chartered Accountancy (CA) and some have
already started tuitions for the same.
Pramit Shah, a student of Doon International School said he has already started
his coaching class for CA and will appear for the exam this June. Vaidehi Shah,
Riya Chokshi and Akshay Jhunjhunwala from Nirman School are some of the other class
12 pass outs who plan to pursue CA.
So what makes CA such an attractive option? According to Devang Doctor, chairman
of Ahmedabad branch of Institute of Chartered Accountants
of India (ICAI), CAs are in demand and will continue to remain so as
long as trade and commerce exist. "With new business ventures coming up a CA will
be indispensable for any company," he said. Jainik Vakil, executive committee member
of ICAI Ahmedabad said the demand supply ratio for CAs is skewed.
"Demand for CAs has never gone down in the last 51 years. Every year, only 5,000
candidates clear the examination which is very less compared to the demand," he
said. He said the investment required to become a CA is as low as Rs. 38,000. "Against
this investment a new CA will earn a pay of at least Rs. 6.5 lakh per annum," he
said. According to Doctor the demand for CAs is on the rise in management consultancy
firms, project implementation and international taxation.
Courtesy: DNA India