Your career after doing ICAI

The Institute of Cost and Accountants of India (ICAI) is the only recognized statutory professional organization and licensing body in India specializing exclusively in Cost and Management Accountancy. ICAI provides training programmes in areas of cost and account management and contributes to the economic and industrial development of the nation.
Cost and Work Accountancy can be studied after +2 or after graduation with the institute. Courses offered at ICAI are divided into three stages: Foundation, Intermediate and Final.

 Eligibility:

 For the Foundation course, a pass at the 10 + 2 or Senior secondary or intermediate examination of a Board/University recognized by the Central Government or State Government or equivalent examination as recognized by the All India Council of Technical Education or National Council of Higher Education. For Intermediate, the minimum academic qualification required is a pass at the 10 + 2 +3 level or at the foundation level examinations. For the Final course, there is no restriction on other academic pursuits. This level of the courses can be pursued along with any graduation or Post Graduation Courses.

 Career Prospects:

Increase in awareness about contributions cost accountants can make to attain business objectives has resulted in the increasing demand for cost accountants in all sectors of the economy. The topmost positions companies can offer to experienced professionals are that of a Managing director, Finance Director, Financial Controller, Chief Accountant, Cost Controller, Marketing Manager, Chief Internal Auditor. The salary package of cost accountants can vary from 4 lacs to 6 lacs per annum.

Cost consultancy and teaching offer good work options. Graduates with ICAI qualification can register for an M. Phil or Ph D programme in commerce. Cost and management accountants work in the all India cadre known as Indian Cost Accounts Service (ICAS).