What is the Scope of CA in the Government Sector?
Being a Chartered Accountant opens the door for a wide range of career opportunities not only in the Private Sector but also in the Government Sector. Yes, you heard it right. There are many career opportunities for CAs in the Government Sector. The Government sector, just like the Private sector, has industries in which there are various challenging roles for CAs. Not just that, they also offer attractive incentive packages too.
The Government Sector needs CAs to manage their finances, tax related issues, auditing, representing them in various organisations and so on.
Let us now find out, what does the Government Sector have in stores for CAs?
Roles of CAs in the Government Sector
Several government companies are recruiting CAs for crucial tasks. There are diversified roles for CAs in the Government Sector. Few of them are listed below-
- Professionals in Public Banks or Regional Rural Banks (RRB)
- Accountants in public organizations
- Treasury Manager in Regional Rural Banks (RRB)
- Chief Manager (Accounts and/or Finance Departments)
- Assistant Administrative Officer (CA)
Where to find jobs in the Government Sector?
Few of the Government Companies in which CAs can be recruited are listed below:
Public Sector Banks
Qualified and experienced CAs are welcomed to give interviews in government and semi-government banks like the State Bank of India, The Central Bank, PNB, RBI and at a bigger level even World Banks give chances to Chartered Accountants to get associated with them.
Apart from CA certification, candidate willing to apply for public sector banks needs to give IBPS or SBI Exams (for state banks) and they can be posted as:
- Financial Analysts
- Branch Manager
- Loans and Advances Head
- Credit Management department
- Posting in Inspection Wings
For dedicated CAs there are opportunities to grow as AGM, Zonal Head or more than that in the government sector.
NRHM (National Rural Health Mission)
The scheme initiated by Hon’ble Prime Minister on 12 April 2005, NRHM- National Rural Health Mission is dedicated to providing quality healthcare facilities to rural people. NRHM is the subsection of the National Health Mission (NHM) and it has another sub-section NUHM National Urban Health Mission stressing on quality healthcare of the urban population.
CAs can apply for various positions in NRHM. along with the degree of CA, they need to go through an examination and/or interview that will judge them for their qualities. Questions that are asked in the technical round are different based on the position you are applying for.
GAIL (India) Limited
The GAIL is one of the well-reputed state-owned natural gas processing and distribution companies in India. It is the best organization that has various posts for the Chartered Accountants. To stay up-to-date with the vacancies, make sure to visit the official website on a regular basis.
Metro Rail Corporation LTD
CAs can also take up jobs in Metro Rail Corporation LTD. the biggest organization for metros and is owned and managed by the government. MRC every year comes up with vacancies for which CAs are suitable and can apply for. Vacancies are for both state and center level posts. CAs can apply for the posts suitable for his/her qualification.
UPSC (Union Public Service Commission)
Union Public Service Commission or UPSC is another government domain where CAs can apply for several ministerial posts. CAs applying for the posts shall clear the examinations and then the Personal Interview following which they will be able to achieve the posts directly under the Central Government.
UPSC conducts exams like Civil Services, Engineering Services, Combined Defence Services (CDS), National Defence Academy, Naval Academy, Combined Medical Services (CMS), Special Class Railway Apprentice (SCRA), Indian Economic Service (IES) / Indian Statistical Service Examination (ISS), Combined Geoscientists & Geologists, and Central Armed Police Forces (Assistant Commandant) Examination.
LIC (Life Insurance Corporation of India)
LIC is another opportunity in the government-oriented sector for CAs. LIC doesn’t end with LIC agents selling policies. It is a more diversified structure. CAs can apply for jobs in the finance department for LIC. Every year several job vacancies are posted on the official site of LIC.
From the above it is clear that there are equal career opportunities in the Government Sector for the CAs. They are needed in all the industries because of their knowledge and skill in the finance area. Therefore, it is upto CAs to decide their career.