Chartered accountants are highly qualified professionals who analyse the financial positions of businesses. They need to have a good understanding of numbers as well as having the potential to thrive in the business world. There is a wide scope of career opportunities if you choose to follow the CA path. As long as there is money to be managed and a need for leaders in the corporate world, chartered accountants will stay around. From forensic auditing to taxation, chartered accountants play a vital role in almost all spheres of the business world and are highly esteemed partners of all large corporations.
R10 000- R22 000 pa during training
R146,160 – R829,096 pa once qualified
Chartered accountants can delve into many fields once qualified. There is the option of working for an accounting firm as an auditor, forensic auditor, taxation manager, financial adviser or work with businesses to assist in financial planning and analysis. One can also work for government departments or head up the financial division of a large business as a financial director. There is a large percentage of CEO’s and managing directors of large corporations who are qualified chartered accountants. The solid financial grounding also allows many chartered accountants to become successful entrepreneurs.
Job security and demand:
Chartered accountants do not have to look far and wide to find employment. They are highly qualified, trained professionals who are in demand in the business world. Because having an astute understanding of finances puts one at an advantage in business, CA’s are welcomed into most firms. There are a number of accounting firms, ranging from small-scale private businesses to multi-national accounting firms who are constantly on the lookout to hire determined, motivated CA’s.
Working hours and environment:
As a standard, the working hours in most firms are 08:00- 17:00 with occasional overtime hours being required. Trainees can expect more overtime to complete special assignments and to fulfill their study commitments. The environment one can expect is a clean-cut, hardworking, professional office. As CA’s deal predominantly with their clients finances, it is pivotal to meet all deadlines and work in a fast, effective manner, giving the client no reason to doubt the firm’s abilities at any time.
How long does it take to qualify?
Depending on the degree course you choose, it will take you 4-5 years to complete your degree at university. Once you have completed your degree, you will need to do 3 years internship training (articles) with an accredited accounting firm. During this time, you will also need to register with SAICA (South African Institute of Chartered Accountants) and pass 2 board exams before you can be fully registered as a qualified CA.
Where can I study?
University of Pretoria, University of Stellenbosch, University of Cape Town, University of South Africa (UNISA), Nelson Mandela Metropolitan University, University of Witswaterstrand, University of the Freestate, North West University, Walter Sisulu University, Rhodes University, University of Kwa-Zulu Natal, University of Johannesburg, University of Zulu-land, Varsity College and the University of Venda
Funding Your Studies
The sad reality is that you have to pay for tertiary education and it is very expensive 🙁 Luckily there are many options out there, read our article “Funding Your Studies” to find out all the info regarding bursaries, student loans and government grants.
Many accounting firms offer bursaries to students wanting to study to become Chartered Accountants. Listed below are 3 firms which offer bursaries.
Follow the links below for details: