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What is chartered accountancy?

Is actuarial science a better career option or Chartered Accountancy?

  • Hey! i am currently doing CA( Chartered Accountancy) ..i have cleared the entrance ...and also one of the two groups on the second level...along with this i m pursuing second year of graduation from osmania university..to be honest..CA have been pretty difficult for me...i have failed almost three times till now...and i have my fourth attempt in nov 2013....i was a bright student in school....scored 90% in 12 ..n similar % in 10th... i wanted to know...if it is a good choice to leave CA n join acturial...if yes, then please tell me the difficulty level..and the job prospects and how to go about the entire thing? P.S.: i m really confused...and as there is nobody around me to guide me or tell me what to do....i need help...!

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    First of all, if you find CA difficult I don't think you'll find the actuarial exams any easier.  I'm not saying they're harder but I don't know many people who've moved to actuarial exams because they're easier.The job prospects for actuaries are quite good but first you need to take and pass a couple of the earlier exams and they are best done in college.  You should contact the actuarial organization in whatever country you want to work in to find out what the details of the requirements are.Second, there are lots of possible careers out there for people who are good at math besides actuarial science and CA.  You might look into various types of data analytics jobs to see if one of them appeals to you.You are the one who has to decide this depending on your own likes and dislikes.  I'm not clear where you are in your education but sometimes a summer internship can help you decide whether a track is for you or not.Good luck.

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I suggest you go through this a couple of times - From the data that you've shared you can derive, 1. SSC/HSC marks are not the true representative of your capacity. 2. Or, you got into a comfort zone while doing CA. In all probability, you got comfort zoned. CA exams are not to be taken lightly. It's a prestigious profession and I've seen/met/worked with successful (meaning - making lot of money) Chartered Accountants. It takes shit loads of patience, perseverance and hard work to get a professional degree. Nobody gives it to you. You have to go out and earn it.

Siddharaj Panchal

I know that CA is very tough but actuarial science is no easier. However if you have interest in numbers and can work delligently (which I know you can do) you can go for actuarial science. But remember the course is longer than CA and you would have to study with work. Since the course is much better designed than CA you will enjoy more. I hope I've answered your queries, do let me know in case u want to know nothing else..:)

Ashish Swarup

Actuarial science is very much demanding career in India and across the globe.In India we have very few hundreds of Actuaries, whereas we have 250000+ chartered accountants.Both the careers have its own ups and downs.Passing actuarial exams is little bit tougher than passing CA exams.Actuarial study requires lot of mathematical and statistical skills.One who is better in Maths and States can opt for Actuaries, but keeping in mind its passing % and hard work required.One who is interesting in making career in Insurance, can go for it.An actuary works in the following fields: General insurance Investment Pensions and employee benefits Reinsurance companies Life insurance Risk management Consultancies Health insurance On the other hand CAs have a vast scope in Accounting, Auditing, Direct and Indirect Taxation and many more.Finally i’m suggesting that, one should go as per his interests.Last but not the least, as comparing to Package, normally, Actuaries are highly paid professionals than CAs. Minimum and Maximum salary range can be:-Chartered Accountant Salary:Industry and Salary RangeManufacturing and DistributionRs 179,399 – Rs 1,163,496)ConsultancyRs 294,297 – Rs 1,054,086Accounting, Auditing and Tax ServicesRs 177,388 – Rs 1,198,667BankingRs 239,380 – Rs 1,174,457Financial ServicesRs 273,190 – Rs 1,200,000Actuary Salary:Industry and Salary RangeInsuranceRs 278,262 – Rs 5,123,301Financial ServicesRs 282,593 – Rs 5,646,905Business ConsultingRs 242,872 – Rs 6,649,928Investment ConsultingRs 458,311 – Rs 2,794,440Life InsuranceRs 328,937 – Rs 4,265,535

Pradeep Ballal

It isn't fair to compare both courses. Both courses have their own uniqueness and value. You can choose either or go both ways but I can guarantee you won't regret later. Thanks for A2A Best of luck :)

Anant Hasija

Actuarial Science is highly paid course as compared to Chartered Accountancy. So in terms of money, Actuarial is better! But the level of knowledge required in A.S. is also very high, higher than CA. So AS would me more difficult than CA. Hope this help!

Parul Agrawal

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