A cost accountant has several career options.

· Serve in an industry
· Serve in the government
· Practice as a cost accountant
· Be a consultant in financial matters.
· Teach cost accountancy in universities/institutes

The Government of India has made it compulsory for as many as thirty-eight classes of companies to have a cost audit. This itself is an indication of the growing importance of cost accountants in India. Thus the scope in this sector is enormous. 

The ICWAI programme has been recognized by the academic councils of some universities in India for the purpose of admission to Ph.D. courses in commerce. There is a growing awareness amongst business entrepreneurs for the need of the services of cost accountants. This has further increased the demand for cost and management accounting services in all sectors of the economy. 

RELATED CAREERS

Banking, insurance, management, management consultancy, chartered accountancy.