Know the roles of CAs in different Fields/Industries

Read what CA professionals in different fields have to say

Know the roles of CAs in different Fields/Industries

CA options

Just stepped into the CA field or already part of the fraternity? Wondering about the various career options you have?

Don't worry CareerSanta is at your rescue as we bring to you a comprehensive and interesting list of career options for CAs - directly from the horse’s mouth as we have interviewed CAs specializing in different areas.

Careersanta Team is extremely thankful to all the below professionals for contributing their valuable inputs for this page.

Keep checking this section for the latest updates as we update it on an ongoing basis.

PROFILE WISE BROAD CATEGORIES

    Statutory Audit
    Jitender Singh Chartered Accountant-Senior Associate-Assurance, KPMG

    The profile of Statutory Audit often includes both Statutory as well as Tax Audit. In Statutory audits up to Manager level you are more into execution whereas post Manager level you would be devoting more time in planning and reviews along with business development activities. Your role would BE to perform audit procedures in your assigned areas as per auditing standards and firm’s policy, ensuring applicable laws are compiled by Company and Accounting standards are compiled while preparation of financial statements. To excel in this field, you should have advanced to expert knowledge of accounting standards (AS/ Ind AS/ IFRS) and firm policy, good to advanced knowledge of auditing standards, GST, Income tax and other relevant applicable laws on Company you are auditing (RBI, FEMA, Customs etc.).

    Although all fields have timelines, however deadlines in this field are stringent and demands a high level of commitment, extended hours and can also involve extensive travelling. From the start of your career in audit, you start dealing with senior level people which helps you grow as a professional. Appropriate learning can also help you easily transform your career into industry at a later stage at senior levels.

  • Risk/ Internal Audit
    Shikha Goenka Chartered Accountant - Former Senior Manager, Kotak Mahindra Bank

    “Here we are the "eyes and ears of the management". We would be working in teams and performing business audits from start to finish. So getting to know about how business works is a big add on. You get to work on report writing.. You get to interact with departmental heads and so on”

  • Amit Agarwal Chartered Accountant, HDFC bank

    Internal audit is a respectable profile in the financial sector especially because it comes under the purview of a regulator. Internal audit in the banking sector has various divisions like retail assets, liabilities, wholesale banking, etc. The profile involves various analyses like ensuring the compliance of various regulatory norms, internal policies and procedures identification of process gaps or loopholes in the processes. Also, one of the major concerns is to identify the revenue leakages as the public money is involved here. It is a very good career option for CA freshers to begin with and they can pursue it further depending on their interest levels.

  • Management Audit
    Kushal Bhargava Director Calibehr Business Support Services Pvt. Ltd

    Management audit as it signifies, is the evaluation of the performance of the management process and functions. When we look at management audits, you need to understand the process of the organisation and then benchmark them against the best in the industry. This helps you in understanding the thought process of the management, without actually being part of the organisation and then suggesting best practices. By doing the above the business understanding of the individual becomes prolific and the individual can also measure the difference he has made to the organisation.

  • Systems Audit
    Darshan Vijay Shanbhag Chartered Accountant, Assistant Manager, MIS & Cost Analysis at NeoGrowth Credit Private Limited

    In this digitalized world, the main focus and importance is given to Information Technology (IT), without which work-flow seems to be very slow and difficult. I would like to share some interesting facts about System Audit. There is a big myth among all of us that System Audit or IT Audit is all about technology knowledge being involved in subject matter. However, it is not totally about the technology. System Audit deals more with assessing the risk and reducing the risk. In this profile, CA as an IT Auditor has to give assurance to the shareholders & regulators about the IT risk and functionality and risk mitigation procedures. There are technology intensive industries like Banking & Financial Services, Stock Exchanges, Manufacturing sectors etc. which need the services of an IT Auditor.

    For doing the IT Audit, a person should possess training and certification in Information Security and the knowledge of Risk Management and in-depth knowledge of Auditing concepts along with Regulatory requirements which includes the knowledge of Information Technology Law & other business related laws. To scale up your career with today’s trends, challenges, and futuristic goals, taking up Training and Certification in Information Security. CISA is a world-renowned Information System Audit based course issued by ISACA based in the U.S. and is the best option for CAs who are interested in Audit & IT. The course is designed to bring the best risk-based information system auditor. CISA has more value than DISA as it is internationally recognized. Other certifications include CISM, CISA, CRISC and CGEIT.

  • Forensic Audit/ Investigation
    Pooja Mehta Chartered Accountant & Company Secretary - Consultant, PriceWaterhouseCoopers

    “It’s a very specific audit type which is quite interesting and different from what we did in our articleship days. Here you detect frauds, assimilate evidence and yes, even interrogate guilty parties...its super cool and you even feel like ACP Pradyuman at times! You may often have to work for very long hours but what keeps you going is that each assignment is totally different from the previous one”

  • Bank Audit
    Ankit Tiwari Chartered Accountant, Associate at Janaswamy & Associates Partner at NJM & Associates Proprietor at A.R. Tiwari & Associates

    The most important thing about Bank Audit is that Auditor have to be really vigilant and sceptical as banks are dealing with public and we as Auditors are a second guard to check if there is any misuse of Public money.

    This makes the audit more challenging and needs real analytical mind as Transaction prima facie may seem ok but an analytical and sceptical mind will always try find the structure of the Transaction. Given recent scams and Governance failures at Banks put more responsibilities on auditors and stakeholders also expect auditors to anticipate and highlight risk. There are many opportunities for Bank Auditors or as a matter of fact we are important to every aspect of Banking viz; Credit appraisals, Operations, systems implementation, Governance & regulatory Compliance etc.

  • Compliance Risk Assessment
    Neha Jaju Gala Chartered Accountant, Vice President (Compliance), Nomura Services India Private Limited

    Compliance Risk Assessment is one of the very interesting roles in the Compliance space of investment banking industry. The candidate works in the capacity of risk officer and performs risk assessment by identifying the major risks within business lines, processes and procedures to control and/or mitigate those risks. One garners sound business processes and regulatory knowledge. Also, from skill sets perspective develop eye for detail because of analytical activities involved in it and good communication skills as a lot of coordination is required across business lines. This role is pursued by CA, MBA and FRM professionals.

    Risk management is quite rewarding if one decides to choose this as a career option because compliance is an integral part of any industry and offers a wide spectrum. The successful risk officer can eventually be leading the risk management practice in the capacity of “Chief Risk Officer” in any organisation which is a respectable and responsible position.

  • Direct Tax
    Namita Agarwal Chartered Accountant & Lawyer – Former Senior Associate, Cyril Amarchand Mangaldas

    “One field which is absolutely dynamic (and therefore challenging and interesting as well) with innumerable judicial cases being rendered each day and legislative amendments being a regular phenomenon. You would know that tax and controversies are synonyms when you hear about the case of Vodafone, Shell, GE, etc.

    It is one field where I believe you can apply maximum of what you study for your CA exams and where the study just grows deeper each day. As a tax advisor, its involves examination of the tax implications of any transaction, interpretation of legal provisions of domestic tax laws and tax treaties with various countries, research and analysis of judicial cases, structuring transactions in a tax efficient manner, drafting detailed legal opinions, etc. Tax being an additional cost for business, is always one of the drivers for doing business and various other transactions including M&A.

  • International Tax
    Ankit Negandhi Chartered Accountant, Tax Professional- AVP Finance, In Cred Financial Services

    Direct taxation is basically about studying analysing and interpretation of the domestic tax laws in India and international tax is primarily relating to analysis of global taxation involving analysis of double tax avoidance agreement between countries and its interplay with domestic tax laws. The topics could be very interesting for someone to whom interpretation and analysis of tax laws of India as well as other countries interests and it’s an extremely interesting subject to make a career into.

  • Indirect Tax
    Govind Sharma Chartered Accountant, Company Secretary & Cost Accountant – Partner, SARA & Associates

    Indirect Tax is one of the most interesting as well as complicated areas as it involves Central taxes like Excise Duty, Servicrect tax regime involves lot of issues like concerns in terms of applicability of taxes, eligibility to claim exemptions, clarifications with regard to the new levies / retrospective amendments etc which requires in-depth study of the respective subject.

    There is a huge scope for people who are into Indirect practice or planning to be in this field as now we are moving towards GST which is going to be the most challenging area in the beginning phase. GST will change the way we have been doing the Indirect tax as most of the things would be driven by IT systems which is expected to reduce the current complications and ambiguities to quite an extent.

  • Transfer Pricing
    Riddhi Shah Chartered Accountant & Cost Accountant – Senior Manager, PWC

    Transfer pricing is one of the biggest international tax issues faced by MNEs worldwide. Therefore, career options in this arena are vast and numerous. Big 4s have big transfer pricing teams in almost all the locations they are present in. Over the last decade, even mid-size firms have put together a dedicated TP team given the growing transfer pricing requirements in India. Many big MNEs have their in-house transfer pricing team with some catering to global transfer pricing requirements from India.

    At fresher level, the work is generally restricted to basics of TP which include preparation of TP study report, benchmarking and preparation of Form 3CEB. However, as one grows, he/she will have exposure to complex advisory, litigation, APAs and MAP. One of the biggest advantages of this career option is that it offers international mobility, TP concepts being the same worldwide.

  • Foreign Exchange Management Laws (FEMA)
    Hardik Mehta , Chartered Accountant, Proprietor of Hardik D Mehta & Co

    Over the years, India has been pitching itself as worlds no. 1 FDI destination. This has led to rapid liberalisation of Foreign exchange laws. Foreign Direct Investment (FDI), Overseas Direct Investment (ODI) and External Commercial Borrowings (ECB) have been very important part of every company's investment in and outside India. All of them are regulated by RBI through FEMA Rules and Regulations.

    FEMA is looked upon by every MNC before entering or executing any investment or borrowing transaction. As an advisor or consultant, its a challenging field due to its dynamic nature. Its regulated with hundreds of circulars, notifications, press notes, press releases and major Policy changes announced by RBI and Government on regular basis. One needs to be continuously updated about them and guide their clients accordingly.

  • RERA
    CA Mohit Adatiya Chartered Accountant, Insolvency Professional & RERA Consultant - Proprietor Mohit Adatiya & Associates

    RERA is a relatively new area and holds quite a few career opportunities for CAs. The work of CA is required at various stages. Firstly at the time of Project Registration, a Chartered Accountant can use his analytical skills to join dots between commercial/technical and financial aspects of the project and help with the documentation procedures. Secondly, certification by CA is required for withdrawal by a promoter from the RERA designated bank account. Thirdly, audit is required to be done at prescribed intervals by a CA and accounts to be signed. Lastly, a CA has been given power to act as authorised representative, He can represent promoter, home buyer or any other stakeholder before authority or appealate tribunals.

    RERA is a relatively new area and holds quite a few career opportunities for CAs. The work of CA is required at various stages. Firstly at the time of Project Registration, a Chartered Accountant can use his analytical skills to join dots between commercial/technical and financial aspects of the project and help with the documentation procedures. Secondly, certification by CA is required for withdrawal by a promoter from the RERA designated bank account. Thirdly, audit is required to be done at prescribed intervals by a CA and accounts to be signed. Lastly, a CA has been given power to act as authorised representative, He can represent promoter, home buyer or any other stakeholder before authority or appealate tribunals.

  • Accounting
    Preeti Jain Chartered Accountant & Company Secretary - Deputy Manager, Accounts, ITNL

    “Analyzing and giving appropriate impact of peculiar transactions much before auditors and tax authorities would dig it”

  • Finance
    Khushboo Jobanputra Chokshi Chartered Accountant & Company Secretary,Former Senior Manager tax and Finance, Parity Cube Pvt Ltd

    Being from a tax background and having worked as a consultant with PwC for 5 years, I had always heard that a corporate job gets a little boring and you will get a lot of free time.

    In reality, its not true. You get to learn the best of all the worlds.. tax, legal, finance, management and operations. You know how the product actually works, how to manage working capital cycle, to use and analyse ratios you learnt while studying for your CA final exams, to deal with legal issues your company may face, to advise your company on tax issues, to handle all tax and corporate law compliances and most importantly to take calls on what should be done and what not."

  • Treasury
    Jubin Goel Chartered Accountant - SM, HDFC Bank, Treasury Advisory Group

    “Treasury (a stronghold of MBAs has now opened up for CAs as well) has always been bread and butter for people with flair for trading/risk taking. Once in treasury multiple opportunities come up viz: trading in currencies, interest rates,bonds & exotic derivatives, managing balance sheet, institutional investments, forex sales, overseas banking, analytics etc in the banking space.On corporate front avenues which can be explored is raising domestic and foreign funds, managing funds, looking after liquidity and investment decisions. Aspirants with lesser appetite for risk taking can also look for opportunities in mid office or back office which monitors trades and limits for banks/corporations. Currency markets are the biggest markets and the next biggest market is also far from being close in terms of volumes traded.”

  • Treasury
    Aishwary Gupta Chartered Accountant – Manager AMEX

    Treasury is a domain which is more concerned with the cash needs of the organisation. If you are working for an MNC, treasury profile will give you exposure to vast use of market instruments, various hedging tools, analytics models and a global exposure to the treasury insights. It will help you understand how and when funding is done across the globe and how float is saved on these funds to ensure maximum efficiency by the organisation.

  • Corporate Finance
    Hriday MittalChartered Accountant, CFA, MBA – Corporate Finance, RPG Enterprises

    “In an in-house Corporate finance team of a conglomerate you get exposed to a wide spectrum of activities such as managing relationships with institutional investors, mergers and acquisitions, raising capital and managing the overall capital structure of the Company. The exposure that you gain in a conglomerate is diverse – functionally and across industries. The understanding that you develop towards business has great depth which enables fast-paced growth in a corporate environment. You get to interact and learn from CXO’s and also interface with external agencies thereby also helping create a strong professional network.”

  • Fund Accounting
    Dharmanshu P KajariaChartered Accountant, ACCA - IFRS, Manager, Fund Accounting - SS&C Globe Op, Portfolio Manager at Investor Advisors

    A Mutual Fund/Hedge Fund Accountant is primarily responsible for all aspects of day-to-day accounting for one or more assigned mutual funds and/or institutional funds. While CAs do read about Mutual funds in their CA Final curriculum, Fund accounting is more than that. There are various Fund Administrator that handle the fund accounting business for Mutual/Hedge fund houses.

    As a Fund Accountant, you are primarily responsible for all aspects of day-to-day accounting for one or more assigned mutual funds and/or institutional funds per LUX; US GAAP; IFRS. Initially the candidates have to start from scratch to understand various aspects of fund accounting like booking/ reconciling the expenses; trades; management fees; valuing securities; reconciling cash accounts and then final output to calculate NAV of a fund. As a qualified CA, generally you would start from Senior fund Accountant or Assistant Manager and gradually climbing the ladder. This role is very exciting due to inter alia exposure to global accounting market with handling the fund size of NAV running into Billion dollars.

  • Due Diligence
    Varun Rajda Chartered Accountant, Partner- Transaction Advisory and M&A, Constellation Blu

    - Identifying key issues in the target company basis the objective of DD., - Recommending solutions for the DD findings, Structuring of Investment transaction which includes identifying the type of instruments and mode of Investments, Providing regulatory and tax advise in relation to the Investment transaction.

  • Mergers & Acquisitions
    Nirmal Agrawal Chartered Accountant, Mergers & Acquisition, Founding Partner NVR

    A domain whereby we try to add value to the deals/ transactions from a tax and regulatory perspective by evaluating suitable holding structures, choice of instrument to discharge consideration and systematically assess and manage the various tax costs within the legal framework to add value to the stakeholders involved.

  • Investment Banking/ Private Equity
    Anonymous

    Investment banking involves providing financial advisory services to companies specifically on mergers / acquisitions /divestments and capital raising activities Investment bankers provide continuous strategic advice to clients on valuations, book building, bidding, negotiations and help in managing the overall merger/capital raising process which typically lasts for 6-12 months. Chartered Accountants have an edge in the numerical and analytical aspects which form a core work profile aspect of an entry level investment banking analystTypically entry level analysts have a demanding work profile involving 80-100hours of work per week.

  • Asset Management
    Shreyans Mehta Chartered Accountant, MBA - Alpha Alternatives

    “Asset management is literally as close as you can get to "handling real money". As an Asset manager, you will be required to interact with CFOs/CEOs of large corporates and ultra high net worth individuals on a daily basis. Also, you will be required to understand different asset classes like equities, commodities, real estate, credit etc and structure products/transactions so that you are able to earn the "alpha" from the investments. This certainly isn't Wall Street, but you will have to be a Wolf !”

  • Wealth Management
    Saurabh S Parekh Chartered , Chartered Accountant, Ex-SVP - Family Office and Wealth Structuring, Centrum Wealth Management Limited

    “Wealth Management, Family Office is a dynamic field involving Wealth Planning & Structuring for Clients who are typically UHNIs / HNIs based in India and outside India (typically Indian origin). Chartered Accountants are best suited to do this role as they have a background of both Finance and Tax and could develop tremendous understanding about Investment Products. Wealth Planning is a diverse field and involves guiding Clients to invest in various Asset Classes e.g. Equity, Debt, Real Estate, Alternative products etc and thereby requiring a CA to understand the intricacies of each Asset Class in detail and assist client with customised solution. While providing a better return on investments is the key driver in Wealth Management for any advisor, optimizing tax leakages with each investment products is a Task a CA can handle meticulously and thereby giving a Client a Comprehensive Solution. If planning a career in Financial Planning, definitely CA qualification will help to boost the prospect of getting a job or create your own venture.”

  • Valuation
    Piyush Ramesh Lohia Chartered Accountant (Ranker) -Senior Associate at EY

    It's one of the few niche fields where CAs can blend their knowledge of finance, accounting and tax and work closely with the clients on strategic business issues. If one admires to get into Private Equity / Investment banking, valuation and business modelling is a good place to start his / her career.

  • Debt Analyst
    Roopak Ubhayakar Chartered Accountant & Chartered Financial Analyst - Analyst-Fixed Income, Kotak Mahindra Asset Management Co. Ltd

    “Analysing credit worthiness of companies which come to debt market to raise money by issuing debentures, engaging with company management, arrangers and credit rating companies and detailed analysis of industry and company financial metrics”

  • Teaching in a commerce/ MBA/ Law college as a Professor
    Akshay Merchant Chartered Accountant, FII, Visiting faculty various colleges & Joint manager, Atul bioscience ltd

    With immense knowledge and experience, if as CAs, we choose faculty as our career option, it would be great pleasure to interact with new talent and train them with our skills and knowledge for better generation India. We require a mind set and clarity of concept to get well versed with students with our examples and blend ourselves to new innovative teaching techniques which makes the new generation feel attached to the subject. Maintaining a healthy atmosphere in class, ready to solve doubts, updating oneself with all amendments/ new knowledge are some of the key points in . And the most important thing while teaching, we have to be very open minded and be ready to learn anything new which may come across from new talents. Faculty must not hesitate and should not bring students and professor mind set in learning new things.

  • Teaching in professional coaching classes or private tuitions
    Bhavik Chokshi Chartered Accountant & Chartered Financial Analyst – Managing Partner, Benchmarx Academy for CA

    Many qualified CAs miss out on evaluating teaching as an option. It is one of the best ways to be updated on a subject of your choice. It offers great flexibility as it's not a regular 9-6 job. You are connected to a younger generation of CAs and hourly remuneration sums up to to regular job salary. It could be monotonous at times but it's up to you to make it interesting and package it.

ORGANISATION WISE BROAD CATEGORIES

  • Accounting firms (Big 4 CA firms and other Top CA firms)
    Virag Shah Chartered Accountant – Manager – M&A Tax, Ernst & Young

    Having worked in a Big 4 for so many years, some of the key attributes of a Big 4 which are common to all of them are challenging and competitive work environment, platform to create a strong knowledge base, opportunity to work with talented people and opportunity to work for multinational clients. Big 4 also gives you great work exposure in your respective field and offers high career growth based on performance.

  • Own Practice
    Amit Choudhari Chartered Accountant – Proprietor, Amit Choudhari & Associates

    After having done a job for 5 years in a Big 4 and a Top Law firm mainly in the field of tax and M&A, I decided to take the plunge and start my own practice. Starting one’s own practice in a today’s competitive environment is quite challenging and to get quality work along with decent fees requires lot of patience

    For the first 3 months of my practice, I had no work after which I started to build contacts with lot of businessmen. I targeted to meet at least 5-6 prospective clients every week, out of which 10-20% would get converted into actual clients. It is difficult to get their current work being done by some other CAs but it was easier to get work on their new projects. Helping clients in getting bank finance at competitive rates, making them aware about various state and central government subsidies, etc emerged as a new and rewarding practice area for me. Therefore, to be successful in practice, it is vital for the CA to identify his/ her practice area of interest vis-à-vis the opportunities available in the town/ city of his practice.

  • Law firms
    Namita Agarwal Chartered Accountant, Company Secretary & Lawyer – Former Senior Associate, Cyril Amarchand Mangaldas

    A Chartered Accountant working in a law firm amidst scores of lawyers is a different experience and learning altogether. Unlike a Big 4 or some Top CA firms, there is no industry specific bifurcation like manufacturing or finance or entertainment in a law firm which gives you much wider exposure in the field of direct tax or indirect tax as the case may be which cannot be gained in hard core specialization (needless to say that specialization has its own merits). The nature of work is mainly advisory ranging from Corporate advisory to Mergers & acquisitions to International tax to Private client practice, with minimal or no compliance work. Foreign law firms, foreign corporates and the corporate teams internally form a major chunk of clients.

    Good variety of work, less monotony, tiny tax department compared to Big 4, greater responsibility, good pay packages are some other attributes of a law firm.

    On a personal front, it was a great experience working in the country’s biggest law firm for more than 5 years.

  • Banks
    Suneet Makharia Chartered Accountant & MBA - Multinational corporations relationship banking, Yes Bank

    “This is where the real business happens. You are involved in a fast paced high stress environment where you will not only be responsible for on boarding the biggies of the corporate world but also engage extensively with Internal stakeholders to meet the complex requirements of these companies. Great Interpersonal skills, go getter attitude along with sound knowledge of all banking products are a must to excel. Tremendous learning opportunity but not for the faint hearted.”

    Sajan Shah Chartered Accountant & Chartered Financial Analyst – Manager, IBG ICICI Bank

    “ As a Credit Analyst in bank for lending internationally, it involves analysing credit worthiness of companies which come to banks to raise money by issuing term loans, working capital demand loan, RCF and any other banking products like short term bill discounting or derivatives limit. The profile involved detailed analysis of industry and company's financial metrics, legal view point security coverage with respect to the loan amount, etc. To sum up, all the formalities before sanctioning a facility.”

  • NBFC
    Sneha Bairagara Chartered Accountant, Company Secretary – Assistant Manager, NeoGrowth Credit Private Ltd (NBFC)

    “It involves financial analysis for the Company with regards to various products, branches & building up business models, Budgeting, Debt Raising, Treasury Management, Capital Structure planning, Cash flow analysis on an ongoing basis, managing receivables, managing relationships with the present and potential Investors & Lenders, being active in various other activities and possess exceptional analytical skills resulting in quick understanding and assessment of complex matters.”

  • Insurance company
    Shweta Agarwal Chartered Accountant – Chief Internal Auditor, Kotak General Insurance

    Insurance sector is a highly dynamic sector wherein there is constant learning and the learning curve always upward. Its a great experience to be part of this industry for so many years.

  • Fintech
    Vikram Pandya Chartered Accountant – Director Fintech, S P Jain

    “Chartered Accounts today have many more opportunities besides their traditional forte. Today fields like Education, Fintech, Startup Advisory and Venture capital/PE are really going strong and with right skillset CAS are poised to perform really well in these fields. Fintech is an ecosystem supported by disruptive technology used to make banking and financial services more accessible, approachable, easy to perform and easy to consume and CAs with their finance abilities can do well in this field”

Careersanta Team is extremely thankful to all the above talented Chartered Accountants for contributing their valuable inputs for this page. We would be glad to receive contribution from more and more CAs from different fields to benefit the community at large–those interested can send their write-up on the above format with their details on namita.agarwal@careersanta.com

If you wish to reach out to any of the professionals above for specific query or guidance, drop a mail to namita.agarwal@careersanta.com

 

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