Skilled Chartered Accountants are highly paid professionals in finance industry. They are required to look after the financial matters in business and various small and big companies. They also provide their expertise when it comes to taxation and annual audits. They may choose to work in public or private sector. If they wish, they can start their own practice as well.
With growing economy, the demand of such professionals is on its all time high. It’s not just developing countries which require qualified accountants but developing nations as well need such professionals. Hence, it is correct to say opportunities for Chartered Accountants in abroad are really high almost everywhere.
Most economies are growing really fast. Thus, it is expected that the demand of these experts will be more than any other occupation in future. Fast growing international economy indicates that Chartered Accountants are needed in countries specific nations such as Australia, Canada, Singapore and US. In next five years double the number of these professionals will be required to manage taxes, provide financial assistance and conduct audits.
Pay Package
It is no surprise that these professionals are paid best in the industry, and the way their demand graph is increasing, it is difficult to say what will be the highest pay package for them in future.
Annual growth rate is showing speedy hike in the earnings of Chartered Accountants this year. To be more precise, it largely depends in a country you are working in and their currency value. As per some records, these professionals are highest paid in are Australia and the US with a starting pay package between $40,000 to 75,000 annually which is certainly a dream package of hundreds of thousands professionals.
The good news for those Chartered Accountants who are looking for an opportunity abroad is that the Indian Institute of Chartered Accountants has tied up with the Chartered Accountant fraternity of different countries, such as Canadian Institute of Chartered Accountants, the Institute of Certified Public Accountants in Ireland and Institute of Certified Public Accountants of Singapore to enable Indian professionals work in their countries.
Mutual agreement has already been signed with the Institute of Chartered Accountants in Australia (ICAA) and the Institute of Chartered Accountants in England and Wales (ICAEW). The negotiation is on the basis of the professional capabilities as per the need of their financial market. Since the agreement has been signed with these countries, 1000s of Chartered Accountants have easily moved to these nations and today are living a prosperous life.
Opportunities for Chartered Accountants abroad are endless. All you need to do is choose the destination and immigration path accurately. Remember: every second such professional dreams of moving abroad but the reality is not every one is lucky enough to live their immigration dreams in reality. So, before you submit your application, do discuss your case with an immigration expert who will give you a wise advice as per the demand of the country’s market.
