What are the career & job prospects in India and abroad for CWA?

ICWA degree holders are highly demanded in the government sector, private enterprises, development agencies, banking & finance sector, education and training sectors. With the advancement of the economy, demands for cost and management professionals are rising rapidly. Some popular areas where you can find jobs are consultancy firms, developmental agencies, departments of company affairs, training & research organisations, service industry, stock exchanges, public utility sector and other regulatory bodies. There are plenty of employment opportunities are available for the ICWA qualified people. Once you have completed the ICWA course, you can start up your career as a cost accountant. In India, you can expect a starting salary between Rs. 3 to 4 lacs per annum. Your salaries will also depend upon your working job profile, sector and experience in this field. In abroad (USA), the average salary of a cost accountant is around $53k per annum.

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Generally, ICWA candidates can serve the private companies or government departments in India. Also there is a major scope in the sector of Insurance or private banking as well as government banking. ICWA is a recognised qualification from all of the government universities in India. ICWAI (ICAI) passed candidates can hold top management positions, Viz. Managing Director, Finance Director, Financial Controller, Accountant, Cost Controller, Finance Manager, Chief Internal Auditor etc. in public and private sector organisations. Fellow members of the Institute would be treated at par with the persons holding Ph.D. degree as far as appointment in the posts of Professor, Associate Professor, Reader, Asstt. Professor and Lecturer in Professional / Management Institutes are concerned. To work in any foreign country, you should do ACCA course, ACCA is a global body of professional accountants. You can get job any part of world after doing this.

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