Chartered Accountant Job, Salary and Career Information
Learn about the education and preparation needed to become a chartered accountant. Get a quick view of the requirements as well as details about degree programs, job duties and supervised experience to find out if this is the career for you.
Accountants of all types are responsible for the financial efficiency of a business or organization. While having the same duties as other accountants, a chartered accountant (CA) has completed additional postgraduate education, as well as a period of mentored work experience. Although this position is typically only available outside of the United States, the Certified Public Accountant (CPA) title in the U.S. is an approximate equivalent.
|Required Education||Bachelor's degree in a financial field and two years of post-graduate study|
|Other Requirements||Three years of work experience supervised by a CA|
|Projected Job Growth (2012-2022)*||13% for U.S. accountants and auditors|
|Median Salary (2013)*||$65,080 for U.S. accountants and auditors|
Source: * U.S. Bureau of Labor Statistics (BLS).
Chartered Accountant Career and Education Requirements
While all accounting positions typically require a bachelor's degree in a finance-related field for employment, a chartered accountant (CA) is an accountant distinguished from his or her peers by the successful completion an additional two years of postgraduate education, as well as three years of mentored work experience under an experienced CA. These positions are commonly held abroad, with licensing agencies in many countries including Ireland, Canada, Australia, India and the United Kingdom. In addition, a CA must belong to a Chartered Accountant Institute in order to earn licensure to legally hold the Chartered Accountant title.
Chartered Accountant Job Duties
Charted accountants work in fields of accounting, including public, management and government accounting. While specific job duties vary greatly within specific positions, many duties shared between CAs include preparing financial reports and documents, maintaining records of investments, reviewing potential financial risk as well as providing professional opinions in regards to the fiscal decisions of the firm.
Chartered Accountant Salary Information
The salary of an accountant can be highly dependent on the size of the organization as well as the industry or nation of employment. The U.S. Bureau of Labor Statistics (BLS) doesn't provide employment and salary information for international job titles, but it does have information for U.S. accountants and auditors. According to May 2013 BLS salary data, most accountants and auditors earned between $40,370 and $113,740.
Chartered Accountant Growth and Employment
Chartered accountants can work in all sectors of industry, including public, private and governmental agencies. While around half of all chartered accountants work in commerce, financial services and banking, common employers of chartered accountants include educational institutions, local government offices and private accounting firms. The BLS expects growth for accountants and auditors in the U.S. to be about average at 13% over the 2012-2022 decade. Due to the additional education and training requirements of a CA, job prospects for CAs should be better in comparison to their non-chartered counterparts.
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