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Calling All Chartered Accountants - Chief

Financial Officer – MyCFO

WHAT ARE THE DOMAINS THAT OFFER THE BEST PROSPECTS FOR

CAREER GROWTH TO CHARTERED ACCOUNTANTS (CA)?

A Chartered Accountant's (CA) life is generally considered to be very

stressful; CAs are looked at by everyone around them as boring and the

general perception is that this is a category of people who keep staring

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at their laptops crunching numbers all day.There are several puns

directed at CAs including them being one of the `worst social animals',

`being obsessed with numbers', `money minded' etc. When one thinks

about a CA, normally one associates this category of people with being

auditors, helping you file returns, plan your taxes and as people who

work in the accounts departments of companies. The fact remains that

most Chartered Accountants are in jobs that reflect this general

perception.

Having said this, things have changed and continue to change in terms

of career opportunities for finance professionals and Chartered

Accountants in particular. Gone are the days when almost every fresh

CA spent hisher initial years with an audit firm believing that this was

needed to strengthen their `basics' and gain the requisite experience

before they make their next moves as well.

The growth in the economy is leading to growth in almost every sector

and the emergence of new age sectors, entrepreneurs, investors,

businesses becoming more global and the complexity in regulatory

norms to name a few have forced the ecosystem to look at the role of

Chartered Accountants a lot differently including Chartered

Accountants themselves. The opportunities have opened up not only in

once considered traditional sectors like banking, insurance and

manufacturing but also in new age sectors like modern retail,

healthcare, information technology, education, e-commerce and

logistics including segments like investment banking, venture

capitalprivate equity. Chartered Accountants are also partnering with

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businesses like never before to increasingly move up the corporate

ladder to occupy the position of a Chief Financial Officer (CFO) to also

becoming Chief Executive Officers (CEO). A lot more CAs today are

willing to take the `risk' and join new age, exciting businesses which are

not brands as yet; joining them is purely to satisfy their urge to try

something new and quench their entrepreneurial thirst by being close

to how things work in an `entrepreneurial set up'. These people are

willing to give a few years of their life to build and make these

companies successful knowing fully well that they can get back to a

large brand if things don't work out. Venture capitalprivate equity once

considered to be the domain of management graduates from Ivy

League schools is also seeing a fair share of Chartered Accountants

evaluating deals, raising funds, working with the entrepreneurs and

being a part of company boards. A stint with a large accountingaudit

firm itself today has undergone changes with areas like mergers and

acquisitions, international tax, consulting, risk management and

corporate finance opening up new vistas for CAs. Many CAs consider

entrepreneurship itself as a viable career option today.

Read the full article here: http://mycfo.in/resource-center/press-

mentions/13-press-mentions/190-calling-all-chartered-accountants

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