Meet Mr. Sanjay, all India 1st Rank holder of CA finals, May 2014. A very confident individual, hailing from Jaipur, surefooted in his plans and strategies believing in practical application of knowledge has proved his mettle again in CA Finals after being the 2nd Ranker in IPCC. He likes to hit the gym, go for running & play cricket to be physically & mentally strong. A very determined boy who believes that there is no alternative to hard work but does not believe in following a monotonous routine. Let us find out his story & what he has planned for his future.
Hi Sanjay,
first of all many congratulations to you on your success on behalf
of the whole CAclubindia team!!
Thank you, Sir!
‘Chartered
Accountant Sanjay’, how are you feeling now?
Ya, I'm actually feeling, how in a day
everything changes. It’s because of the hard work of 3 years that
in the span of one day everything has changed. It feels great!!
What was your first reaction when you got to know that you have
secured All India 1st Rank?
Actually, first of all, I just looked
at the marksheet. When I looked at the marks, without checking the
merit list, I was like “Ohh, No!! These are very less marks and
it’s very difficult to achieve a rank even in top 10”. But after
that, I just went through the merit list and I was like...“Oh great!!
This is First Rank; this is it, this is the maximum” The reaction
was just after I saw the mark sheet, I was like a bit low and just
within a second as soon as I saw that 1 written over there, I started
jumping.
So, would you describe your journey-
when did you decide to pursue CA and till then- in a few words?
After 10th, one starts deciding whether
one should opt for Science /Commerce or the field one actually wants
to do. We seriously start thinking about it, after 10th for the
first time. I had interest in Stock Markets, Finance, Funds and
Interests. I always heard people saying about interest status, this
and that. I was always interested in this Commerce field so I opted
for it and after 12th, I had the option to go for SRCC as I scored
well in 12th or to pursue CA. So, at that time I decided that CA
is always going to be a very good course as compared to B.Com from
anywhere. After that, I prepared very normally for CPT just along
with 12th and just after 12th in March, there was 12th Exams and
then in June, it was CPT and I got All India 6th Rank in this. At
that time, I started feeling that this is the field that I am interested
in and I should pursue it seriously. Then afterwards, I gave IPCC.
There is very less time between CPT & IPCC. In IPCC, I got All India
2nd Rank. After that, I studied hard along with articleship. I did
articleship in Jaipur and I had the opportunity to do Statutory
Audit of various banks in Delhi and some government undertaking
audits like Mines, Mineral Companies and many bank branches in Jaipur.
So, it was a nice experience. I learnt a lot and after that I started
preparing for Examinations. Right from the last 8-9 months before
the final exams, I started preparing seriously. Last 4 months, I
took the challenge and I went through all the various coaching classes
and after that, it was like... I had put in my everything. I had
missed it by 1 mark in IPCC and it taught me a lot. It always helped.
So, missing it by 1 mark actually paid up to me in Finals.
Indeed!! So,
as you mentioned Articleship period of 3 years and you said that
you enjoyed & learnt a lot during that time, how important do you
think it is for a CA student’s career from examination perspective?
Here, I'd like to quote a phrase. “Learning
all the rules of cricket, doesn’t make someone a Sachin Tendulkar!!”
So, if you have learnt all the rules and all the laws and you don’t
know how to apply it, then it’s going to be useless. Articleship,
it does help. Specially, the taxation paper, “Direct Tax”, is a
very tricky paper. One of the questions I remember was about a chit
fund and there was a client who had the chit fund business. I had
done this, so at that moment, I read the question and I knew how
I should write the answer. So that 1 question was of 8 marks and
8 marks make a difference. It was a difficult question. Very few
students could actually attempt it and that 1 question actually
made me feel so proud that I have done something.
In this whole
journey, any hurdles you have faced?
When I started my tuition classes, I
had some outstation audit. Till IPCC, it was like very smooth –
you take tuitions and according to your will, you can attend the
classes. But, when for Finals, I took the tuition and after that
my boss decided to send me for an outstation audit then I realized
that, practical implementation is important so everything has to
be managed. So, these were the hurdles which I faced as I had to
go for outstation audits whenever required and had to manage time
for the studies. But only by overcoming these hurdles, one can achieve
the best.
You said that
stress is something which a CA student needs to deal with. So how
did you overcome your stress? What would be your advice to the juniors
to handle that kind of stress?
What I would say is- I used to play and
watch a lot of cricket, a lot of movies and even when I was bored
with the subject, I always had open head earphones and I used to
play music along with practical subjects. So, it helps to de-stress
and apart from that, playing some physical activities; sometimes
for a month or two, I used to go to gym - hit the gym, just start
running, put down weight, jumbling and weight-lifting, running sometimes
in the morning. I bent and just ran 2 -3 rounds of the stadium near
me. So, these were the small things which I did. So, daily, if you
make the same routine, it becomes just boring. I used to change
my routine – like sometimes I used to go to the gym in the morning,
sometimes played cricket, sometimes attended the parties of relatives/friends.
So, I hadn’t confined myself to a same single routine but kept on
changing my routine. This, in turn helped me not to take stress.
Can you share
your strategies that you followed to prepare for your exams - before
the exams and during the exams?
I'd say my strategies were - starting
the first reading of any subject is not from examination point of
view. The first reading that you do – it is to learn not from exam
point of view but something beyond that will help throughout your
life. The second reading after that, should be from examination
point of view, where we try to learn the points and remember the
things. And after that, when the third reading comes, it’s the mould
point and after that it is the exam. So, three readings and after
that, exam was my strategy.
One thing I would like to state is that- there a few students (I
don’t know why), they often have the tendency to go for selective
course – like making patterns year wise. However, I never followed
that strategy. I used to study everything – like from AS-1 to AS-31.
I never used to choose selective topics but covered each and every
point. So, this was the thing which I kept in mind. I didn’t give
importance to one or few topics but studied everything for all the
subjects.
And during
the exams, stress is there, time is less and revision is very important.
So, what were the steps that you followed?
In case of practical subjects, I used
to cover a lot of single questions before the exams – only the concepts.
Here we are not to grab the questions, solutions, thought and put
it down in the exam. It’s the concept that is important so that
whatever question comes, we can conceptually solve it.
In case of theoretical subject and law, I used to mark/underline
the things during the 3rd reading that I wanted to study before
the exams. So, those underlined things, I used to study completely
day before the exams.
Sanjay Nawandhar
All India 1st Rank holder of CA
finals,
May 2014
This is about
preparation but what happens is- sometimes, I have heard from students
that they prepare a lot but during the exams, but when they are
writing the paper, they black out!! So, can you suggest some tips
to attempt the exam?
You know in one day, you cannot change
yourself. It is never going to happen that you listen to something
and on the exam day, you will get that and apply it. This won’t
happen. So, you would have to analyse it from the very beginning
when you start preparing to check your speed. It won’t happen by
the first reading but by the second reading, it should be. For eg:
If you are doing an Accounts’ question that is of 15 marks, then
that shouldn’t take more than 20 minutes to be solved. So, we should
consider the time factor also from the very beginning itself, when
we have started our preparations for the exams. Sometimes, we undergo
2D study strategy. We just focus on our course but don’t take time
into consideration. But, during exams, time is a prime factor which
all should consider in mind. So, this is a 3D thing which students
have to understand from the very beginning- and that is the time
factor so that during exams, they wouldn’t have to leave any question.
How big is
this achievement for you and what are your future plans?
This is very big because more than 1
lakh people appear for this exam, I think and to be on top among
them- this has proved my worth in studies. I missed it by 1 mark
last time during IPCC, so it is now even bigger. At that time, it
was such an ironical thing that I couldn’t say to people that I
am not happy with this result. I was AIR-2, I missed it by 1 mark
and I couldn’t say that I was not happy. So, this time, I am AIR-1
and I am happy and also satisfied. So, this is a big thing.
Next comes, my future plan. Initially for first 3 years, I would
like to have an exposure in the corporate world, the industry, finance
sector of a company, you know treasury sort of thing. And, after
that, I would like to go for something like Management. London Business
School or Harvard or ISB, whatever. Do MBA and then again I would
like to join some company at a top position. It will help me improve
my profile after 4 years practical experience if I am doing MBA
and then I can join back the industry. It would help me, to reach
the top.
Great!! We
wish you all the best for that!!
Thank you!!
In this whole
journey whom would you link to thank who inspired you?
It has to be my family because when you
are studying so much, you have to go for training, nearly 20 hours,
you are putting in a lot of stress both to your body as well as
mind. So, in such situations, a CA student is bound to be frustrated,
stressed and angry. So, at that time, if the people around you are
cool, then it becomes easier and people around you, they also start
getting frustrated, then it also becomes very difficult. I would
like to thank my mother, dad and sister, who were very cool. They
allowed me to do whatever I was doing in peace. So, it helped me.
They also motivated me and sometimes also used to forbid me from
studying more, if I kept on studying continuously.
Are you a member
of CCI? Did you get any help from CCI in this whole journey?
Actually I am not a member. But, sometimes,
I just do visit it randomly. Sometimes, you just read the random
comments, communications or whatever chats people are having. Some
of them are CAs, some of them are Final appeared students, some
of them have passed, some of them have failed. As, I said that time
is an important factor, I had read about this on CAclubindia- that
students are not studying throughout the year considering time and
then in exams, suddenly, time is the factor. So, this thing when
I read in CAclubindia, that day itself, I have noted it in my diary
that I have to consider the time right from the day I start preparing.
Sometimes, you just don’t know the people but from their blogs or
some chats and you get to learn something; that this is also a thing,
so in this way CAclubindia helped me.
What would
be your message for the CAclubindia members & your juniors?
Message for the CCI Community is that
– result of CA goes very low. Pass percentage is very low so failure
is not an end of life, it is only a part of life. Once, if you fail,
you have to bounce back. So, you need to work even harder and after
that you have to try more with a more disciplined approach. If we
are failing, there are things which we are doing wrong; so we need
to find out first- the things that we are doing wrong, after that
put an effort to correct them and then in a disciplined and systematic
manner, study so that we are able to pass out with flying colors.
I would wish all the luck to all the students of CAclubindia!!
Thanks a lot,
Sanjay!! It was wonderful talking to you and hope many of your juniors
and CAs will be inspired by this interview!! Thanks for your time,
Sanjay!!
" '' i just went through interview......really you r amazing and ur journey is wonderful...god bless u....have a gr8 time ahead........!
thanks also to the interviewer for good qstn......."