You might often be thinking about the highest paying jobs while pursuing your career in the early days of your life. While You are in those early days of attending your college or a university, the most inclined reason to choose a career must be the financial rewards you would expect to get when you start Your career. How much You get paid largely depends on your skillset, but one of the major factors contributing is the career you choose.
The most in-demand profession in the world is the IT industry, whether it is related to Web development, Application development, commonly known as App development, Software engineering, and computer engineering. Still, there is also a tremendous flow of human capital towards the said profession because it is comparatively easy to get qualified in any of the above-mentioned fields, therefore despite the highest demand, which is greatly countered by the huge flow of human capital, the job competition remains high which ultimately results into lower pays.
IT Career pay and its Growth: Overview
Once you get qualified, You can go for many different options like getting employed with an IT firm or starting it as your very own business. According to a servey conducted by getting Educated, the IT professionals to get paid on the following ranges greatly depending upon the level of expertise they have.
The median salary ranges from the US $82000 to the US $145000 having on the top of the list is computer programmer followed by web developer, computer support specialist, Information system manager and computer system administrator, a security specialist with job growth of ranging between 5% to 32%, when You go for a job. In your very own start-up, it depends upon the market conditions, the demographics and geography, and the demand and supply paradigms.
Chartered Accountancy CA, Pays and career growth:
One of the most lucrative and sought-after careers is chartered accountancy, famously known as CA when one of the main reasons for your career aspiration, which is great and mainly influenced by the attractive pays and incentives.
You can choose Your career with any of the following options.
1. Job in an industry
2. Getting employed in a firm ( which will obviously be the BIG4)
3. Starting practice by starting your own firm.
Concerning the latter one, it depends upon various factors like the economic conditions, favorites and non-favorites, the business environment, industry competitiveness, and regulatory infrastructure concerning the locality of the business and many more to count, but when it comes to getting employed, here is the brief insight of pays and perks of a career as a chartered accountant.
The average/median salary of chartered accountants is US $75000, ranging from the US $20000 to the US $151,000
Concerning the difference of experience level, those with 10-20 years of experience get 14% higher than those in the medium level, while the beginners get as low as -34% compared to the medium level experts.
When it comes to a specific niche within the chartered accountancy,
Accounting 14% Higher Management Accountants 16% Higher
Tax compliance 17% Higher Auditors 14% Higher
Financial analysis 33% Lower Tax consultants 60% Lower
Financial reporting is taken as a base at 1% for the above analysis.
Some other statistics which relates to the pay of Chartered accountancy careers are given below,
Financial Analyst $47k - $82k
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