Are you going to apply as a CS and don’t know What Is The CA Salary In Pakistan? Well, Chartered Accountancy, commonly known as CA, is a professional accounting qualification that is globally recognized. In Pakistan, a CA is a highly respected and well-paid profession that plays a vital role in business and finance. Chartered Accountants in Pakistan are responsible for ensuring the financial stability of businesses and individuals by providing accountancy and financial advisory services.
CA Salary in Pakistan depends upon experience. If you have solid experience then you will get a very good salary. The higher the experience, the higher you will get.
What is the Salary of CA In Pakistan?
CA is one of the most lucrative professions in Pakistan. The average salary of a CA in Pakistan is around PKR 1.5 million per year. However, the salary varies according to the level of experience and expertise of the CA. A newly qualified CA can expect to earn around PKR 600,000 to PKR 800,000 per year. On the other hand, a CA with more than 10 years of experience can earn up to PKR 5 million per year.
Factors That Affect CA Salary in Pakistan
Several factors affect the salary of a CA in Pakistan. The most significant factor is the level of experience and expertise of the CA. A CA with a higher level of experience and expertise can command a higher salary. Another factor is the industry in which the CA works. CAs working in the financial sector, such as banks and insurance companies, earn higher salaries than those working in other sectors. The geographical location of the job also plays a significant role in determining the salary of a CA.
What is Starting Salary of CA in Pakistan
The starting salary of a Chartered Accountant (CA) in Pakistan can vary depending on various factors such as the organization, industry, location, and experience.
Generally, the starting salary of a newly qualified CA in Pakistan can range from PKR 40,000 to PKR 100,000 per month. However, this can vary depending on the factors mentioned above.
The highest Salary of CA in Pakistan
The highest salary of a Chartered Accountant (CA) in Pakistan can vary depending on various factors such as the organization, industry, location, and experience.
However, generally speaking, the highest salary of a CA in Pakistan can range from PKR 1,000,000 to PKR 5,000,000 per month. This level of salary is usually earned by experienced CAs who have worked for many years in senior management positions in large multinational companies or financial institutions.
The Average Salary of CA in Pakistan
According to a survey conducted by the Institute of Chartered Accountants of Pakistan (ICAP) in 2021, the average salary of a newly qualified CA in Pakistan is around PKR 82,000 per month. However, this can vary significantly depending on the factors mentioned above.
CA Inter Salary in Pakistan
Generally, the salary of a CA Inter in Pakistan is lower than that of a qualified CA. According to a survey conducted by the Institute of Chartered Accountants of Pakistan (ICAP) in 2021, the average salary of a CA Inter in Pakistan is around PKR 46,000 per month. However, this can vary significantly depending on the factors mentioned above.
Comparison of CA Salary with Other Professions in Pakistan
Compared to other professions in Pakistan, CA is one of the highest paying professions. A CA earns almost double the salary of a doctor or an engineer in Pakistan. The average salary of a doctor in Pakistan is around PKR 800,000 per year, while an engineer earns around PKR 600,000 per year. However, it is important to note that becoming a CA requires years of extensive studying and training, which is not required for other professions.
Future Prospects of CA Salary in Pakistan
The future prospects of CA salary in Pakistan are quite promising. As the economy of Pakistan continues to grow, the demand for CAs is expected to increase. With the increase in demand, the salaries of CAs are also expected to rise. Furthermore, with the advent of digital technology, there is a need for CAs who are well-versed in digital accounting and financial technologies. CAs who possess these skills are expected to command higher salaries in the future.
Conclusion:
In conclusion, a career as a CA in Pakistan is worth it for those who are willing to put in the hard work and dedication required to become a qualified CA. The job offers high salaries and ample opportunities for growth and development. However, it is important to note that becoming a CA requires years of extensive studying and training, and the job can be quite challenging. Nonetheless, for those who are passionate about accounting and finance, a career as a CA in Pakistan is an excellent choice.