With the rapid growth in the financial sector, a New bank license issued to NBFC and the legal and organized framework of every sector has created much scope for CA professionals in India.
Top news for Finance professionals regarding industry trends:
- Even when the GDP growth rate has dropped by 6.6 %, it is estimated that many new job profiles will be created to strengthen the core economic process mainly starting with the Financial sector.
- Worldwide investors have shown interest and trust in the Indian economy and have invested and still plan to invest more in the country.
- Organizations are implementing new Accounting(IND-As) Standards, which are a combination of International Financial Reporting Standards (IFRS)and traditional Accounting Principles (IGAAP), Why Choose CA As A Career creating demand for IFRS experts.
- The introduction of GST and the lack of clarity in implementation has opened job opportunities for the right candidate and leaders.
- Demand for candidates with financial planning and analytical skill has increased throughout the economy.
- Emphasis is given to the trends “ Ease of Doing Business” And” Make in India” has strengthened the hiring sentiment for a finance professional.
- With huge investments pouring in from private equity firms in infrastructure, energy, and e-commerce spaces can witness huge demand for Finance candidates with a strong focus on fundraising and investor relation experience training, and Salary.
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CA’s Will be Benefited
You might wonder how CA will be the most beneficial professional under changing trends in Financial and Economic growth.
The reason is stated below:
Progressive Holistic CA Course
ICAI has been agile in knowing the market demand and has introduced a new course with the effect, of merging the latest concepts and syllabus seamlessly with the old methodology and providing a holistic and progressive technique to understand and expertise the course. If you are an aspiring CA plz don’t waste the time and join one of the best Future Scope for Chartered Accountants institutes in India.
Lack of Other Such Holistic Courses in India
With new specialization courses being on board like FCA, CMA, and many others, none of them provides such a complete blanket of financial skill as CA courses do.
Multidimensional Persona of CA
CA course is such that it not only imparts knowledge but also develops interpersonal skills and communication skills, giving a multi-dimensional persona to CA which can be alluring for any employer to hire.
Employment Trend in Financial Sector
Before offering a job employer interviews at least 6 professionals for the post.
The employer takes an average time of 4.5 months to secure a talented candidate for the job.
The employer takes 3 rounds of an interview before confirming the appointment to the deserving candidate
Roles of Ca in Demand
- CFO/ Controller
- Corporate Finance
- Taxation head with GST implementation experience
- Accountant with IFRS knowledge
- Internal Auditor
- Compliance Officers
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