Accounts Lecturer banner
a Accounts Lecturer thumbnail
Accounts Lecturer

Overview, Education, Careers Types, Skills, Career Path, Resources

Accounts Lecturers teach accounting principles, prepare students for careers in finance, and conduct research. They play a vital role in shaping future accounting professionals.

Average Salary

₹4,50,000

Growth

medium

Satisfaction

high

Home/Careers/business commerce and management/accounts lecturer
Educational Requirements

Education Requirements for Becoming an Accounts Lecturer

To become an Accounts Lecturer in India, a strong educational foundation in accounting and finance is essential. Here’s a detailed breakdown of the typical educational path:

  • Bachelor's Degree:
    • A Bachelor's degree in Commerce (B.Com) or a related field like Business Administration with a focus on Finance or Accounting is the first step.
  • Master's Degree:
    • A Master's degree in Commerce (M.Com) or a related field is generally required. This provides more in-depth knowledge and expertise in accounting principles and practices.
  • Professional Certifications (Optional but Recommended):
    • Chartered Accountancy (CA): Completing the CA certification from the Institute of Chartered Accountants of India (ICAI) can significantly enhance your credentials.
    • Certified Management Accountant (CMA): This certification focuses on management accounting and financial management skills.
    • Other Certifications: Depending on the specific area you wish to specialize in, certifications like ACCA or CPA can also be beneficial.
  • National Eligibility Test (NET) or State Eligibility Test (SET):
    • To become a lecturer in most colleges and universities in India, clearing the NET or SET exam conducted by the UGC or respective state governments is mandatory.
  • Ph.D. (Doctorate):
    • While not always mandatory, a Ph.D. in Accounting or a related field is highly recommended, especially for higher-level positions in universities and research-oriented institutions. It demonstrates advanced research skills and in-depth knowledge of the subject.

Key Skills

  • Strong Accounting Knowledge: A thorough understanding of accounting principles, financial reporting, and taxation.
  • Analytical Skills: Ability to analyze financial data and interpret results.
  • Communication Skills: Excellent verbal and written communication skills to effectively convey complex concepts to students.
  • Teaching Aptitude: Passion for teaching and the ability to engage students in the learning process.
  • Research Skills: For higher-level positions, research skills are essential for contributing to the academic field.
Study Path
Top Colleges

Top Colleges for Aspiring Accounts Lecturers in India

Choosing the right college can significantly impact your career as an Accounts Lecturer. Here are some of the top colleges and universities in India known for their excellent programs in accounting and commerce:

  • Shri Ram College of Commerce (SRCC), Delhi University:
    • SRCC is consistently ranked as one of the best commerce colleges in India. It offers undergraduate and postgraduate programs in commerce and economics.
  • Lady Shri Ram College (LSR), Delhi University:
    • LSR is another top-ranked college for commerce and arts. It provides a comprehensive education in accounting and finance.
  • Hindu College, Delhi University:
    • Hindu College is known for its strong faculty and rigorous academic environment, making it a great choice for commerce students.
  • Narsee Monjee College of Commerce & Economics, Mumbai:
    • NM College is a premier institution in Mumbai, offering a wide range of commerce and economics programs.
  • Symbiosis College of Arts & Commerce, Pune:
    • Symbiosis College is known for its innovative teaching methods and industry-oriented curriculum.
  • Loyola College, Chennai:
    • Loyola College is a well-reputed institution in Chennai, offering excellent programs in commerce and business administration.
  • Presidency College, Kolkata:
    • Presidency College has a long history of academic excellence and offers strong programs in economics and commerce.
  • Indian Institutes of Management (IIMs):
    • While primarily known for MBA programs, IIMs also offer doctoral programs in management, which can be relevant for those interested in teaching at the university level.
  • Other Reputable Institutions:
    • Delhi School of Economics, Jamia Millia Islamia, Aligarh Muslim University, and Banaras Hindu University are also good options for pursuing higher education in accounting and commerce.

When selecting a college, consider factors such as faculty expertise, course curriculum, infrastructure, placement opportunities, and research facilities. A strong academic foundation from a reputable institution can significantly enhance your prospects of becoming a successful Accounts Lecturer.

Fees

Fee Description for Courses to Become an Accounts Lecturer

The fees for courses required to become an Accounts Lecturer in India can vary widely depending on the type of institution (government, private, or deemed university), the level of the course (Bachelor's, Master's, Ph.D.), and the specific program.

  • Bachelor's Degree (B.Com):
    • Government Colleges: ₹5,000 to ₹20,000 per year
    • Private Colleges: ₹20,000 to ₹1,00,000 per year
  • Master's Degree (M.Com):
    • Government Colleges: ₹10,000 to ₹30,000 per year
    • Private Colleges: ₹30,000 to ₹1,50,000 per year
  • Ph.D. in Accounting or Related Field:
    • Government Universities: ₹10,000 to ₹50,000 per year
    • Private Universities: ₹50,000 to ₹3,00,000 per year
  • Professional Certifications (CA, CMA):
    • CA (Chartered Accountancy): The total cost for CA exams and coaching can range from ₹50,000 to ₹2,00,000, depending on the coaching institute and the number of attempts.
    • CMA (Certified Management Accountant): The cost for CMA certification can range from ₹40,000 to ₹1,50,000, including exam fees and study materials.

Additional Costs

  • Study Materials: Textbooks, reference books, and online resources can cost an additional ₹5,000 to ₹20,000 per year.
  • Coaching Classes: Many students opt for coaching classes to prepare for exams like NET, SET, or CA. These can cost anywhere from ₹10,000 to ₹50,000 per exam.
  • Accommodation and Living Expenses: If you are studying away from home, factor in accommodation, food, and other living expenses, which can range from ₹5,000 to ₹20,000 per month, depending on the location.
Related Exams

Exams to Become an Accounts Lecturer

To become an Accounts Lecturer in India, several exams can help you achieve this career goal. These exams validate your knowledge and skills, making you eligible for teaching positions in colleges and universities.

  • National Eligibility Test (NET):
    • Conducted by the University Grants Commission (UGC), the NET exam is essential for those aspiring to become lecturers or Assistant Professors in Indian universities and colleges. The NET exam covers a wide range of subjects, including Commerce, Management, and Economics. Clearing the NET exam is often a mandatory requirement for lecturer positions.
  • State Eligibility Test (SET):
    • Similar to NET, the SET exam is conducted by various state governments in India. It serves the same purpose as NET but is applicable for lecturer positions within the specific state. The syllabus and exam pattern are generally aligned with the NET exam.
  • Ph.D. Entrance Exams:
    • For those aiming for higher-level positions or research-oriented roles, pursuing a Ph.D. is highly beneficial. Entrance exams for Ph.D. programs in Accounting or related fields are conducted by various universities. These exams assess your research aptitude and subject knowledge.
  • Chartered Accountancy (CA) Exams:
    • While not directly related to lecturer positions, clearing the CA exams conducted by the Institute of Chartered Accountants of India (ICAI) can significantly enhance your credentials. It demonstrates a high level of expertise in accounting and finance.
  • Other Relevant Exams:
    • Depending on the specific area you wish to specialize in, exams like the Certified Management Accountant (CMA) or other professional certifications can also be valuable.

Preparing for these exams typically involves a combination of self-study, coaching classes, and mock tests. A thorough understanding of the syllabus and consistent practice are key to success.

Exam NameExam Date
Pros And Cons

Pros

  1. Job security and stability.
  2. Opportunity for continuous learning.
  3. Making a positive impact on students.
  4. Intellectual stimulation and growth.
  5. Contributing to the field of accounting.
  6. Good work-life balance in some institutions.
  7. Opportunities for research and publications.
  8. Respect and recognition in academia.

Cons

  1. Relatively lower salary compared to corporate jobs.
  2. High competition for permanent positions.
  3. Need for continuous learning and research.
  4. Administrative responsibilities can be demanding.
  5. Dealing with diverse student needs and challenges.
  6. Pressure to publish research papers.
  7. Limited career growth in some institutions.
  8. Work can be monotonous at times.