If you’re wondering how to become a chartered accountant, you’re in the right place. This career path is one of the most rewarding and financially stable professions worldwide.Â
Whether you’re a student planning your future or a working professional looking for a high-paying career switch, becoming a Chartered Accountant (CA) can open doors to endless opportunities.
But let’s be real—this journey is not easy. It requires years of dedication, exams, and practical training.Â
However, the effort is worth it because CAs are in high demand across industries, from finance and banking to corporate management. In fact, many top executives and CFOs started their careers as chartered accountants.
In this detailed guide, I’ll walk you through every step, from educational requirements to passing the CA exams and securing your certification.Â
If you’re serious about building a successful and well-respected career, keep reading—this could be the life-changing opportunity you’ve been looking for!
How to Become a Chartered Accountant?
If you have a passion for numbers and want a stable, high-paying career, you might be wondering how to become a chartered accountant. This profession is highly respected, offering job security, excellent earning potential, and global recognition.Â
Whether you are a student or a working professional looking to switch careers, this guide will take you through everything you need to know.
Why Choose Chartered Accountancy?
Becoming a Chartered Accountant (CA) is a great career choice because:
High earning potential: In many countries, experienced CAs earn over $100,000 annually.
Job stability: Every business, big or small, needs accountants.
Global recognition: CAs are in demand across the world.
Diverse career paths: Work in auditing, taxation, finance, or even start your own practice.
Also Read:
6 Steps to Becoming a Chartered Accountant:
The process of becoming a CA varies by country, but the general steps remain similar.
Here are the 6 key steps on how to become a chartered accountant:
How to become a chartered accountant?
Step 1: Choose the Right CA Qualification
Step 2: Meet the Educational Requirements
Step 3: Enroll in a CA Program
Step 4: Pass the CA Exams
Step 5: Complete the Practical Training (Articleship)
Step 6: Get Certified and Register as a Chartered Accountant
Step 1: Choose the Right CA Qualification
Different countries have different CA programs. Below are some of the most recognized ones:
Step 2: Meet the Educational Requirements
To enroll in a CA program, you typically need:
A high school diploma (in some countries).
A bachelor’s degree in accounting, finance, or business (preferred).
– Pro Tip:
Some institutions allow you to become a CA without a degree, but it may take longer.
Step 3: Enroll in a CA Program
Once you meet the educational criteria, you can register for a CA course with the respective governing body in your country.
In India, students register with the Institute of Chartered Accountants of India (ICAI).
In the UK, aspiring accountants register with the Institute of Chartered Accountants in England and Wales (ICAEW).
In Canada, you must register with CPA Canada.
– Important:
Some courses offer self-paced learning, while others have structured classes. Choose what suits you best.
Step 4: Pass the CA Exams
The CA exams are challenging and require dedicated preparation.
– Fact:
Only 30-40% of students clear the CA exams on their first attempt. Consistent preparation is key.
– Pro Tip:
Join a coaching institute or use online resources like Udemy and Coursera for better preparation.
Step 5: Complete the Practical Training (Articleship)
Most CA programs require practical experience under a certified chartered accountant.
Usually lasts for 2-3 years.
Helps you apply theoretical knowledge to real-world accounting.
Required before attempting the final CA exam.
– Example:
In India, CA students must complete a 3-year articleship under a practicing CA before getting certified.
Step 6: Get Certified and Register as a Chartered Accountant
Once you clear the final exam and complete the required work experience, you can apply for a CA license.
Steps to Get Licensed:
Submit your exam results and work experience details.
Pay the registration fees (varies by country).
Receive your official CA certificate from the governing body.
– Fact:
In the UK, newly qualified CAs earn around £50,000 per year, and this can increase significantly with experience.
Specializations for Chartered Accountants:
As a certified chartered accountant, you can specialize in various fields:
– Pro Tip:
Choosing a specialization increases your earning potential and job opportunities.
How Long Does It Take to Become a Chartered Accountant?
Becoming a CA takes around 5-7 years, depending on your country and educational background.
– Important:
The timeline may shorten if you study full-time and pass exams on your first attempt.
Alternative Pathways to Becoming a Chartered Accountant:
Not everyone follows the traditional route to becoming a Chartered Accountant (CA).Â
If you don’t meet the standard educational requirements or have already started a career in another field, there are alternative pathways to earning your CA qualification.
1. Direct Entry Route (For Graduates & Professionals):
If you already have a bachelor’s degree in accounting, finance, or commerce, some CA institutes allow you to skip the foundation level and enter directly into the intermediate level.
This option is ideal for graduates and working professionals looking for a faster route to becoming a CA.
Some countries also offer exemptions for candidates with MBA or CPA qualifications.
2. Apprenticeship-Based Route:
Some accounting bodies offer on-the-job training programs, allowing candidates to gain practical experience while studying.
This is an excellent option for those who cannot afford full-time education.
Many firms offer paid apprenticeships, which help students earn while they learn.
– Pro Tip:
Check with ICAI, ICAEW, or CPA Canada to see if you qualify for exemptions or alternative routes based on your education and experience.
Common Mistakes to Avoid While Becoming a CA:
Many students struggle with completing the CA journey due to common mistakes. Here’s how you can avoid them:
1. Lack of Proper Study Planning:
The CA syllabus is vast and complex.
Without a structured study plan, you may fall behind and struggle with exam pressure.
– Solution:
Create a daily study schedule and follow it consistently.
2. Ignoring Practical Training:
Some students focus only on passing exams and neglect articleship training.
This can hurt your job prospects, as companies look for practical experience.
– Solution:
Take your articleship seriously and gain hands-on experience.
3. Not Practicing Enough Mock Tests:
Many students fail because they don’t practice past exam papers.
CA exams test time management and problem-solving skills, not just knowledge.
– Solution:
Take weekly mock tests and analyze your mistakes.
Best Books & Resources for CA Preparation:
Using the right study materials can make a huge difference in passing CA exams. Here are some of the best books and online resources to help you succeed:
– Pro Tip:
Join online CA forums and study groups to exchange notes and solve doubts.
Chartered Accountant vs. Other Accounting Certifications:
Many students get confused between CA, CPA, CFA, and ACCA. Here’s a comparison to help you decide:
– Fact:
If you want a global career in accounting, CA and CPA are the best choices. If you’re more into finance and investments, go for CFA.
How to Balance Work & Study While Pursuing CA?
Many CA aspirants work while preparing for their exams, which can be stressful. Here are some practical tips to manage both:
1. Set a Realistic Study Schedule:
If you work full-time, study early in the morning or late at night.
Use weekends for revisions and mock tests.
2. Use Technology to Your Advantage:
Take advantage of online courses and mobile apps for CA preparation.
Apps like CAclubindia and ICAI BOS offer free study materials.
3. Prioritize Health & Avoid Burnout:
Studying for CA exams while working can be exhausting.
Take short breaks, exercise, and get enough sleep.
– Pro Tip:
If possible, reduce working hours during the final exam months.
Career Growth After Becoming a Chartered Accountant?
Becoming a CA is just the beginning. Here’s what you can do after qualifying:
1. Get a High-Paying Job in Top Companies:
Many global companies hire freshly qualified CAs for lucrative roles.
2. Start Your Own CA Firm:
If you prefer independence, start your own accounting & consulting firm.
Offer services like tax filing, auditing, and financial advisory.
3. Move to a Global Market:
Many CAs move to Canada, the UK, or Australia for higher salaries.
You may need to complete additional exams for international recognition.
– Pro Tip:
Get specialized certifications in forensic accounting, international taxation, or financial planning to stand out.
Is Becoming a Chartered Accountant the Right Choice for You?
If you’re looking for a prestigious, high-paying career with job stability, becoming a Chartered Accountant is an excellent choice.
High salary & global demand
Career opportunities in multiple industries
Option to work in top companies or start your own practice
However, the CA journey is tough and requires years of dedication. If you’re willing to put in the effort, you can achieve financial success and job satisfaction.
– Pro Tip:
Start today by researching the best CA program in your country and creating a study plan!
Final Thoughts: Is Chartered Accountancy Worth It?
Yes! Chartered accountancy offers financial stability, career growth, and global recognition.
Great salary & job security
Opportunities in multiple industries
Global demand for skilled CAs
If you’re ready to start your journey, visit official sites like ICAI (India), ICAEW (UK), or CPA Canada for more details.
– Final Pro Tip:
Stay consistent, practice time management, and use reliable study materials for success!
Frequently Asked Questions (FAQs):
It typically takes 5-7 years to become a Chartered Accountant, depending on your country, education, and how quickly you clear the exams.
Yes, in some countries, you can enroll in a CA program after high school. However, having a bachelor’s degree in accounting or finance can give you an advantage.
The CA exams are challenging, with a pass rate of 30-40% in most countries. Consistent preparation, practice, and the right study materials can improve your chances of passing.
Chartered Accountants can work in auditing, taxation, corporate finance, financial consulting, and forensic accounting, or even start their own accounting firm.
Salaries vary by location, but an entry-level CA can earn $50,000–$70,000 per year, while experienced professionals can earn $100,000+ annually.
Yes, but it will be challenging. Many students prefer full-time study or opt for part-time CA courses to balance work and study.
The UK, USA, Canada, Australia, and India have strong demand for CAs, with high salaries and job opportunities in various industries.
Both CA and CPA are accounting certifications. CA (Chartered Accountant) is widely recognized in India, the UK, Canada, and Australia, while CPA (Certified Public Accountant) is the standard in the United States.
Yes, many institutes offer online CA courses, but you still need to appear for in-person exams and complete practical training.
Absolutely! Chartered Accountants enjoy high salaries, job security, career growth, and global opportunities, making it one of the most prestigious and rewarding careers in finance.
Hey, I am Sachin Ramdurg. I run and manage futuredecider.com website that helps students, graduates, and professionals, to find and decide on their future career with ultimate future career advices and future career guides. I have an overall 12+ years of career guidance experience in multiple domains which has helped multiple students, graduates, and professionals to find the best career path for their future.