One of the Frequently Asked Questions by the young aspirants who qualified 10+2 Class is “Engineering or Chartered Accountancy – Which is Better ? Who Earns More ?” . They ask this because After passing class 12th, students get confused about what to choose as their career option. As part career guidance, today we’ve providing all information and answers to this FAQ i.e. Which is better ? Engineering vs CA (Chartered Accountancy). Some students are interested in Science and some are interested in Commerce. So they choose their career according to their interest. But some students ask us “Sir, Please tell me Which is best career option to earn more salary ?” (😆😆😆 Actually it indicates their innocence and lack of career guidance) Then we ask them as follows.
- How can you choose your career by pay scale ?
- Do you choose your career against your interest ?
- Engineering or Chartered Accountancy !!! Do you know that both are different poles
- Finally, Interest or money – which factor has to be given more preference in career ?
Content in this Article
Engineering or Chartered Accountancy – Which is Better ?
Basically it depends on 3 aspects.
- Your interest
- Level of difficulty
- Job Prospects
The fundamental decision first: Whether your interests lie in the science field or the commerce field. It is difficult to make a choice between Engineering course and CA course. One should go as per his / her field of interest. If you are really interested in science & technology, then, engineering is the right field for you. If you choose the field of your interest, you will enjoy doing the course and reap rich benefits at the end by getting a lucrative job offer.
CA vs Engineering Which is easy – Level of difficulty
If you have interest, and the will and wish to put sincere efforts to learn and score good grades, the anything is easy. In engineering the Entry to a good college is difficult with all the entrances and their difficulty levels, but the Exit is easy. Once you are IN you are bound to finish the course and get the degree (even if, with a backlog or two)
Exit for CA is very difficult
In CA, the Entry is comparatively easy; the pass % for CPT (entrance exam) is around 25-30%.But the Exit for CA is very difficult. The CA final passout percentages range between 3-10%. There is no quota system, and you have to clear it purely on merit. The amount of hardwork you need to put in is Humungous. So if you don’t clear the CA final, the only qualification you have is 12th passout or a B.Com degree maybe if you opt to do it with CA.
CA Vs Engineering – Course Duration
A bachelor’s degree in engineering requires minimum four years of money and time for the student to finally become a professional, duration of CA course is not same for all. If one holds a B.Com degree there is no requirement of undergoing the foundation course.
Typically it requires more than 5 years after 12th to become a CA.
Remember unless you have an engineering degree from one of the best colleges in India chances are that, there are many more people around you who can do what you do at lower salaries. So there is a huge supply and comparatively lesser demand.
As for the CA course, once you are a CA you are sure to get a job , if you possess basic communication skills with a Minimum package of 5 lac or more.
Engineering or Chartered Accountancy – Who Earns More ?
Answer is both jobs pay more depending on the qualification & experience whether the jobs are in domestic or abroad depends on the company. In case of Chartered Accounting whether practice or at job again depending on the each individuals merits & demerits.
The pay scale of a CA is always better than an Engineer.
It completely depends on nature and functions of business / company. If it is a software company or manufacturing company engineer more important so Engineers earn more salary. If it is a financial company Accountants are more important so Accountant earn more salary.
The pay scale of a CA is always better than an engineer. Since only a few number of students become CA every year it is almost sure that the students will get the job. It has been observed that CA is hired at better position than engineers for the same positions.
CA vs Engineering Salary – Starting Salary & Average Pay Scale
The average salary of CA and Engineer as follows.
CA vs Engineering Salary in Rs.
(before completing the course)
|₹ 2500 – 5000 per month||-nil-|
|Starting Salary||₹ 35,000 per month||₹ 15,000 p.m|
|Topper’s Package||₹ 48 lakhs per year||₹ 48 lakhs – 1 crore p.a (in MNC)|
|Average Salary||₹ 70,000 per month||₹ 45,000 p.m|
|5-10 year experience||₹ 3,50,000 per month||₹ 2,40,000 p.m|
Engineering or CA – Which has more opportunities in the future ?
There was a time CA s were in demand. That was the time new accounting standards were implemented and not much people were interested to pursue the CA course, as it involved a lot of efforts and even a few attempts to pass the exam ad get qualified. But the situation has changed. There are more people taking up CA course. Hence CA is not as remunerative as earlier, unless one is expert and specialising. It takes a few years for Chartered accountant to get established. But there are other employment opportunities in the financial sectors.
Engineers are also now coming out as dime a dozen with engineering colleges springing p in every nook and corner. Hence one has to be good in scores and knowledge of the subject. However for promising candidates there is a chance of campus recruitment, which is not there in CA.
The question i.e. “Engineering or Chartered Accountancy – Which is Better ? Who Earns More ?” cannot be answered with a finite answer, as such things are relative and individual dependent matters. To conclude it may be said that though CA requires longer duration and difficult to pass, there are better job offers than engineer. we all know that Engineering is very easy but in the case of providing employment, It has tougher competition than CA. If you have good skills in engineering, you can earn equal to / more than CA. Finally, we can both are different poles, both have their own Pro and Cons. Choose your career according to your interest.