Cleared CA Final - What Next?

Candidates often wonder what career opportunities they will have after completing the CA Finals. Well, here are some of the most sought-after career opportunities.

CA Final is the qualifying step to add the CA prefix before the name. After clearing the CA Final exam, candidates can choose their career. But it's a common question about what happens after the CA Finals are cleared. Of course, there are certain career options candidates can undertake. One of which is to start their own CA firm.

Additionally, upon completion of the final CA exam, candidates automatically become members of the Institute of Chartered Accountants of India (ICAI). In addition, CA is not just a title, but a responsibility that all companies in the market, such as tax accountants and marketing companies, must fulfill.

Career Opportunities

Working in an Established Company/CA Firm

One of the great ideas is to work in an Established Company or CA firm. The positions offered by each organization may vary. However, opportunities to work as a CA are expanding in every sector. Nevertheless, different companies have different selection criteria; like few companies might conduct interviews while few will hire you directly because of your rank.

Practicing CA

Due to the amount of competition in the market today, practicing CA as a sole proprietorship is not recommended. Instead, decide to form a partnership firm with at least 4 qualified accountants and look forward to forming a LLP firm under the LLP Act 2008. A Chartered accountant can practice with: 

• Company Secretary in practice

• Chartered Accountant in practice

• Cost Accountant in practice

• Architect Professional

• Advocate as defined by the Bar Council of India and Actuary Profession.

Teaching

Teaching is one of the noble professions. Therefore, imparting knowledge is the highest profession. The average salary of qualified CA teachers in India is estimated at around Rs. 6-10 Lakh per annum. However, it depends entirely on the environment, student volume/capacity, and the institute. It is the second-best option if anyone does not want to run the rat race of 9-5 jobs. 

Courses to Pursue After CA

Till the time of achieving the degree, the focus remains constant. However, as soon as the exam is over or just before completion of the CA Final exam, what to do after the exams is often on the minds of the candidates. Of course, candidates can make a number of career choices, keeping in mind their purpose and goal in life. Here are some of the best career options related to continuing education listed below:

Diploma in Information System Audit (DISA)

This is a compulsory course for those who want to decide on a bank audit or information system audit job. DISA is considered more rigorous, but essential to practice and administer bank exams. It is also a Diploma course in Auditing and System Security administered by ICAI. Licensed by ISACA, only qualified CA's can take this exam.

Certified Information System Auditor (CISA)

CISA is a course specifically designed to teach the best of risk-based information systems. This is a world-famous Information System Auditing course issued by ISACA in the United States. Additionally, it is considered to be one of the best career options for candidates who are still thinking about what to do after the CA Finals Furthermore, CISA is internationally recognized and valued more than DISA.

Chartered Financial Analyst (CFA)

Candidates with deep roots in the financial sector may choose this course. Additionally, this course is recognized worldwide and is offered by CFA institutions. It is believed to lay a strong foundation for real-world investments and teaches you how to effectively manage your portfolio. In addition, It demands 4 years of practical training experience.

Certified Internal Auditor (CIA)

CIA is issued by the IIA (Institute of Internal Auditors) and is a globally recognized internal audit certification. Upon completion of the CA, course candidates can pursue this degree if they are interested in growing as an internal auditor. Candidates will also gain a solid knowledge of GAAP (Generally Accepted Accounting Principles) and SOX (Sarbanes-Oxley Act).

Association of Chartered Certified Accountants (ACCA)

ACCA is globally recognized for excellence in accounting and finance. There are over 150 countries that allow it. It also facilitates the acquisition of knowledge of UK GAAP, IFRS and other International Laws. Also, after clearing the CA Finals, ACCA gives exceptions for 9 out of 14 papers.

Investment Banking

While you're still figuring out what to do after CA Finals, Investment Banking is a great career option. It's also popular these days. In addition, it can provide job profiles such as Valuation Analyst, Investment Banking Analyst, and M&A Analyst.

Financial Risk Management (FRM)

Candidates must complete both FRM levels to compete in FRM. Exams are usually held in May and in November.

Some Additional Tips On What to do After CA Final

Candidates can focus on developing and improving their skills while hovering over this question. Also, CA finals are tough, so candidates can take a break. But there are other options here:

Enhance your Network

After appearing for the CA final exam, the following progress should be towards building your network. There is a 2 months gap between the exam date and the results date. Explore and inquire about the various employment opportunities available until the results are announced. Don't pause for results; rather, get a list prepared already. Hence, keep the network activated to seek the encircled choices as soon as the results are declared within no time.

Develop Non-Technical Skills

Going through technical skills is necessary as appearing for the different CA levels are complete. But after making it through the CA Finals, it's time to conquer your non-technical skills. Still, some basic soft skills have to be taught, but personal work is required. Investing in this factor will strengthen your personality as an individual and make your profile more attractive.

Prepare for On/Off-Campus Placements

You will always be judged by how you present yourself and your opinions. So be prepared for the interview part. Start by writing your resume and attaching all important documents.

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Hope you can find this article helpful. If you did like this Blog then Share it with your friends who are doing CA Final studies or who will be giving their CA Final exams in the near future. 

All The Best!