CA Salary: In India, For Freshers,Designation Wise Salary, Average Salary, Starting Salary
A Chartered Accountant (CA) holds a prestigious position in India, whether practicing independently or working for a company. The Chartered Accountant salary in India is notably attractive.
If you have a basic understanding of Commerce and a strong inclination toward mathematics, combined with knowledge of subjects like Accountancy, Economics, Taxation, Law, and Business Studies, you are well-suited to pursue a career as a Chartered Accountant. Interestingly, many individuals from non-commerce backgrounds also transition into this field due to the high demand and lucrative CA salaries in India, which often reach impressive figures in lakhs.
A person who successfully clears the CA-Final exams and gains the required skills and experience is well-positioned to earn a substantial monthly salary as a Chartered Accountant in India.
Average Salary of a CA in India
The average starting salary for a fresher Chartered Accountant (CA) typically ranges from INR 4.5 LPA to 6 LPA. According to a report from the Institute of Chartered Accountants of India (ICAI), the average salary for a CA has increased, with campus placements offering packages between INR 8 LPA and 11.50 LPA. Top companies like IBM, Ranbaxy, Sony, TCS, and Infosys offer starting salaries between INR 20 LPA and 30 LPA. Senior-level professionals in this field can earn annual packages between INR 78 Lakh and 2 Crore. Many CAs also opt to start their own practice after gaining relevant experience with established firms.
CA Salary: Company Wise
India is home to many multinational companies such as Ernst & Young (EY), KPMG, Deloitte, TCS, Google, and American Express. Working in these organizations offers significant career growth and resume enhancement. Salary packages vary depending on the profile and experience level, with experienced candidates receiving attractive packages and benefits. Below is a table showing average annual salaries offered by top companies:
| Company Name | Average Annual Salary (INR) |
|---|---|
| Deloitte | 14 L – 35 L |
| PWC | 14 L – 32 L |
| KPMG | 14.5 L – 32 L |
| Ernst & Young | 12 L – 15 L |
| 12 L – 22 L | |
| TCS | 10 L – 22 L |
CA Salary: Sector Wise
CAs are not limited to private firms; they also work in public sector entities such as banks and ministries. Below is a comparison of salaries in public and private sector organizations:
Public Sector CA Salary:
| Job Profile | Average Annual Salary (INR) |
|---|---|
| State Bank of India | 7 L – 18 L |
| SAIL | 8 L – 14 L |
| GAIL | 7 L – 17 L |
| Ministry of Finance | 6 L – 15 L |
Private Sector CA Salary:
| Company Name | Average Annual Salary (INR) |
|---|---|
| KPMG | 4 L – 7 L |
| ICICI Bank | 6 L – 8 L |
| Reliance Industries | 6.8 L – 9 L |
CA Salary: City Wise
The location plays an important role in determining CA salaries. Those in metro cities usually earn more than those in smaller towns. Below is a city-wise breakdown of average CA salaries:
| City |
Average Annual Salary (INR)
|
| Chennai | 8.5 L |
| Pune | 6 L |
| Delhi | 7 L |
| Mumbai | 11 L |
| Gurgaon | 9.5 L |
| Guwahati | 6.2 L |
| Bangalore | 9 L |
Salary of a CA: Country Wise
In addition to India, countries like Dubai and Australia see a significant number of professionals pursuing a career as CAs. Below is a country-wise salary breakdown:
| Country | Starting Salary (INR) | Highest Salary (INR) |
|---|---|---|
| Dubai | 54 L | 1.26 Crore |
| Australia | 30 L | 6.44 Crore |
| UK | 23 L | 61 L |
| India | 4.37 L | 20 L |
| USA | 21 L | 2.01 Crore |
CA Salary: Experience Wise
Salaries for CAs vary with years of experience, as shown below:
| Years of Experience | Average Annual Salary (INR) |
|---|---|
| 0-5 years | 7 L |
| 5-10 years | 12 L |
| 10-15 years | 20 L |
| 15-20 years | 24 L |
| 20+ years | 37 L & above |
CA Salary: Skill Wise
Salaries can also differ based on the specific skills a CA brings to the table. Below is a skill-wise breakdown of average salaries:
| Skills | Average Annual Salary (INR) |
|---|---|
| Budget Management | 9.5 L – 11 L |
| Strategic Accounts | 8 L – 8.9 L |
| Evaluation & Management Auditing | 8.5 L – 9 L |
| Financial Analysis | 8 L – 8.9 L |
| SAP Financial Accounting | 8.1 L – 8.3 L |
| Financial Reporting | 8 L – 8.4 L |
| Auditing | 7 L – 7.5 L |
| Internal Audit | 7.25 L – 7.30 L |
CA Salary: Designation Wise
CAs hold various roles depending on their experience, which affects their salary. Below are average salaries based on job designation:
| Designation | Average Annual Salary (INR) |
|---|---|
| Account Executive | 25 L |
| Finance Controller | 19 L |
| Accountant | 25 L |
| Finance Manager | 10 L |
| Financial Analyst | 17 L |
| Assistant Account Manager | 5 L |
| Senior Account Executive | 4.5 L |
| Business Analyst | 4 L |
Top Recruiters for CA in India
Some top companies that hire fresh CA graduates include:
- Reliance Industries
- Ernst & Young
- PWC
- SAIL
- GAIL
- ITC
- TCS
- KPMG