Accounting / Finance
Accounting is the process of recording financial transactions of a business. The accounting process includes summarizing, analyzing, and reporting financial transactions
List of Major Profile, Desired Experience and Tentative Salaries Offered for this Industry in India-
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Account, Tax and Financial Sector Jobs in India
They say money is a matter of belief but financial sectors are the backbone of every countries development. The demand for CA and accounting jobs is booming every day since they support government authorities in tax compliance hence their job ranges from auditing, financial planning, tax planning, wealth management.
The Market Size and GDP Share of Financial Services Industries
Since, the economy of India is the fifth-largest economy by nominal GDP. India’s national gross savings as a percentage of GDP stood at 30.50 % in 2019. Saving is directly related to save tax wherein tax consultant and CA Firm play a major role. Goods and services tax and digital India has contributed a lot in up scaling the financial sector in the previous few years.
The industry is foreseen to see 8% CAGR in 2016-2021 due to the rapid economic development and generation of digital accounting. Indian Accounting Services Market and jobs are expected to witness robust growth by 2022.
Major Hub of Financial Services in India
Accounting and finance industries jobs are a major part of professional services. The places where job seekers from CA/ CS/ CWA background can just place their feet are the heart of India – Delhi which is quite a famous hub for all financial activities followed by Kochi, Mumbai, Chennai and so on.
Job Profiles in Financial Service Industries in India
Indian accounting and CA jobs have increased by 7% due to a major expansion in businesses which gives a clear cut reason why you should start your journey in this sector. For CA and other financial jobs in India the eligibility is Graduation or Post-graduation in commerce with an aggregate of 55% for three papers- Auditing, Accounting, laws etc. In India here are the four steps to become a CA – Registration for CA Foundation Course, Registration for The Intermediate Course, Enrollment for Articleship, Registration for CA Final.
The list of job roles in CA, CFA, CWA and finance industry is provided below. Consult GCS services for a better understanding of your choices.
Average Salary Per Annum (INR)
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Note: all the salaries are subjected to experience level and are approximate in amount.
Top 10 Financial Services Companies in India
Finance Department majorly consist of the financial companies include mutual funds, credit reporting, debt collection and stockbroking.
As per the economic survey, India may create 4 crore jobs in coming years by 2025 and 8 crore by 2030 hence resulting in more great opportunities for job seekers.
Below is the list of top 10 companies in financial and accounts service sectors in India. Stop being in a dilemma and contact GCS services for detailed info, we always have your back.
Upcoming Trends in Financial Accounts, CWA and CA Sectors in India
The growing demands and reducing government intervention will take the lead in coming future and will result in more financial jobs in future.
- Financial software’s are big game: The technology is expanding at a great pace every single second where market lists over 700 mobile apps from billing to expenses, people are looking forward to removing their headache.
- The rise of specialists firms: Smaller firms will no longer compete with the big fours since technology is already leveraging the game. So economic trends combined with some great companies will lead to the rise of small firms also which in return will result in endless job opportunities.
Explore more in jobs for financial and accounts sector then do connect with GCS- GWeKa consulting services today.