CPA vs CA - Which is better? Which designation will help my career? When Deciding your choice of profession in accountancy, you May be in a dilemma to choose between the CPA or CA
The key question arises That is a benefit we Whether CPA or CA career path? There is no clear winner because both Qualifications will help to grow your technical skills, accountancy skills and business management skills. Also, the CPA and CA holders tend to be equally spread across commercial and public accounting - so each qualification Provides maximum flexibility to work across industry.
Please note we are only Comparing the CPA membership of the AICPA (American Institute of Certified Public Accountants) and CA membership of ICAI (Institute of Chartered Accountants of India).
I understand That the choice between the CPA and CA is a big career decision and hence, to help you take an informed decision, I prepared an infographics Which will give you a clear picture of differentiation.
Reading time 90 seconds
CPA vs CA - Eligibility Criteria
CPA
- If you wish it Appear for the Uniform Certified Public Accountant Examination, you need to clear Bachelors in Commerce (B.Com) with a first class or you need to have a Bachelors in Commerce and also a Post-Graduation Degree.
- And if you have Indian CA's designation with B.Com than also you can Appear for CPA Examinations.
CA
- If you want to Appear for Examination Indians CA you need to Appear for Common Proficiency Test (CPT) after appearing in the Senior Secondary Examination (recognized by the Central Government of India).
- CPT Examination are held in June & December every year, so the first step you need to do is you need to register for the Common Proficiency Test 60 days prior to the test ie on or before 1 st April & 1 st October.
CPA vs CA - Examination Syllabus
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CA and CPA Career Opportunities
CPA
CPA designation will open doors to a wide varied of options. After getting your CPA certification you can work under various accounting fields dry as the International Accounting, Internal & External Auditing, Consulting Services, Forensic Accounting, Assurance Services, Taxation & Financial Planning, etc. With its global recognition, you will find the best place to work anywhere in many countries.
CA
Similarly, CA Designation will also provide you many options in the specialized areas of Accounting dry as Auditing, Taxation, Corporate Finance, Corporate Laws. After getting your CA Certification you can either work in the isnt top of Accountancy firms or you can start your own independent professional practice.
CPA vs CA - Salary Comparison
CPA
The average salary earned by the CPA Professionals (in India) is found is INR 7,68,552 per year . Most people move on it other jobs if they have more than 10 years' experience in this field.
CA
A Chartered Accountant (in India) earns a salary of INR 6,08,976 per year on an average. Skills That are associated with high pay for this job are Evaluation and Management Auditing, Budget Management, Financial Analysis, Strategic Accounts, and Financial Advisor. People in this job; generally do not have more than 10 years' experience. Experience strongly influences income for this job.
Source: PayScale
From the above mentioned graphs you can observe That the salary fetched by both the professionals does not have much difference. So this shows both the qualification That stays at par and now the choice is all yours That Which one do you want to Pursue.
Conclusion
Both designation has its own pros and cons, it is not an easy task this opt between CPA & CA as both have a successful career. If you are interested in working abroad or in a multinational company, then you should opt for the CPA. Alternatively, if you want to start your own audit practice in India, opt for CA. Additionally, CA exam is less costly as compared to the the CPA examination.