Embracing the role of a Chartered Accountant ( CA ) graduate opens doors to a career marked by high demand for specialised skills and financial expertise within the professional realm. This esteemed profession holds a prestigious standing in the realms of finance and business, playing a vital role in the success and sustainability of global enterprises.
Chartered Accountants, equipped with their unique skill set, contribute substantially to diverse aspects of financial management and advisory services, making their expertise integral to the intricate dynamics of businesses worldwide. In this article we’ll delve into the top 8 employers who offer exceptional pay package for this profession:
Deloitte
Deloitte Touche Tohmatsu Limited (/dəˈlɔɪt ˈtuːʃ toʊˈmɑːtsuː/), commonly known as Deloitte, operates as a global professional services network. Regarded as the largest professional services network worldwide in terms of revenue and the number of professionals, Deloitte holds its position among the prestigious Big Four accounting firms, alongside EY, KPMG, and PwC. They have more than 10,001+ employees and 428,432 associated members.
The average annual salary for a Deloitte Consultant in India is around ₹ 12,62,690, reflecting a 40% premium compared to the national average.
Klynveld Peat Marwic Goerdele (KPMG)
KPMG in India is one of the leading providers of risk, financial and business advisory, tax and regulatory services, internal audit, and corporate governance. It operates in 143 countries and territories, and in FY23, collectively employed more than 270,000 partners and people, serving the needs of business, governments, public-sector agencies, not-for-profits and through KPMG firms’ audit and assurance practices, the capital markets.
The average salary for a fresher at KPMG India with less than 1 to 2 years of experience is ₹4.0 Lakhs. The salary for freshers at KPMG India varies between ₹2.6 Lakhs and ₹5.0 Lakhs.
Pricewater Cooper House (PwC)
Operating in 151 countries with a workforce exceeding 364,000 individuals, they stand as a prominent professional services network globally. Our mission involves assisting organisations and individuals in achieving the value they seek by providing excellence in Assurance, Tax, and Advisory services.
The average salary for a fresher at PwC in India is ₹5.5 Lakhs for less than 1 year of experience. Fresher salaries at PwC India fall within the range of ₹4.0 Lakhs to ₹8.0 Lakhs.
Ernst & Young
Ernst & Young Global Limited, known as EY, operates as a multinational professional services partnership and stands as one of the world’s largest professional services networks. Its core offerings encompass a wide spectrum, including assurance, tax, information technology services (encompassing managed services in domains such as Cybersecurity, Cloud, Digital Transformation, and AI), as well as comprehensive consulting and advisory services provided to its clientele.
BDO
Apart from these 4 prominent accounting firms, BDO is the one next to it. Byju’s appointed BDO as their successor after the resignation of Deloitte. It is an international network of public accounting, tax and advisory firms which perform professional services under the name of BDO.
For the year ended 30 September 2022 BDO (Including BDO’s exclusive Alliances) announced a total combined fee income of more than US$ 12.8 billion, representing a year on year growth of 12.1%. BDO public accounting, tax and advisory firms provide professional services in 164 countries, with 111,307 people working out of 1,803 offices worldwide.
The average salary for BDO is ₹84,800 per month in India. The average additional cash compensation for a BDO in India is ₹64,800, with a range from ₹18,600 – ₹1,15,000.
Grant Thornton
Grant Thornton LLP represents the American arm of Grant Thornton International, ranking as the seventh largest accounting network globally based on combined fee income. It stands as the sixth largest accounting and advisory organisation in the United States.It maintains an Indian office with branches established in 17 locations throughout the country.
The average Grant Thornton salary ranges from approximately ₹1,20,000 per year for an Article Trainee to ₹1,02,00,000 per year for a Partner. The typical annual salary for an Associate at Grant Thornton is ₹7.5 Lakhs, slightly below the national average for an Associate in India, which stands at ₹7.6 Lakhs per year.
S.S. Kothari Mehta & Company
Established in 1971, S S Kothari Mehta & Company (SSKM) is a chartered accountant firm with offices in New Delhi, Kolkata, and Mumbai. Headquartered in New Delhi, the firm is currently led by a seasoned team of partners and directors, each possessing professional experience ranging from 20 to 50 years in their respective fields. In addition to our core offices, SSKM maintains a nationwide presence through a network of associates. Our clientele consists of diverse large and medium businesses, as well as multinational promoters.
On average, employees at S S KOTHARI MEHTA earn ₹19.7 lakhs, with individual salaries typically falling within the range of ₹19.1 lakhs to ₹33.1 lakhs based on 10 profiles. However, the CA Article Trainee salary in India ranges between ₹ 0.3 Lakhs to ₹ 1.0 Lakhs with an average annual salary of ₹ 0.7 Lakhs.
RSM International
RSM, a UK based accounting firm, is a powerful Network of assurance, tax and consulting experts with offices all over the world. As an integrated team, we share skills, insight and resources, as well as a client-centric approach that’s based on a deep understanding of your business. This is how we empower you to move forward with confidence and realise your full potential.
The average annual salary for a Chartered Accountant at RSM India is ₹8.8 Lakhs. The top-earning position at RSM India is Director, with a salary reaching ₹38.9 Lakhs per year. Additionally, the top 10% of employees earn more than ₹15.56 lakhs annually.
Beyond these eight companies, numerous other firms provide job opportunities through ICAI placements and interviews. In my perspective, gaining experience is crucial. Instead of fretting over a lower salary or the prospect of not securing a position in these prestigious firms, consider getting placed in any company without undue concern for initial compensation. Focus on building your portfolio over time.
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