Rishi (Financial Analyst) (36 Points)
07 February 2014Hi,
I am an MBA from top college. Presently working as Financial Analyst in Equity Reserach / Investment Banking field. I believe that I am loosing out many top jobs because of not having any accounting degree and hence, I think that if I get CA-Inter on my resume, I can get better jobs. What do you guys think on this? I need opinions.
I can't do 3 years articleship, so cant become complete CA. SO, do you think that CA Inter is useful?
Please help me.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 08 February 2014
Rishi
(Financial Analyst)
(36 Points)
Replied 08 February 2014
| Originally posted by : Bhargav Nathwani | ||
 |
Hello Rishi, I am sorry but I am going to give negative response to your thinking..Now-a-days nothing is depends upon only degree. I can understand and agree with your thoughts that If you have CA Inter degree then It will defiantly affect your resume and sound of knowledge. Feel free to share your thoughts, waiting for your reply. |
 |
Hi Mr. Bhargav,
I must say that that's a genuine reply at its best. Even I am share same views as yours and doesn't believe in piling up degrees. However, my concern is that in Investment Banking field and Equity research field, accounting knowledge is necessary. When I apply for new jobs, people doubt my accounting knowledge since I am just MBA and MBAs are known to be poor in A/Cs.
Also, in IB and FP&A field, CA has become a norm. So, I am confused despite agreeing with you.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 08 February 2014
| Originally posted by : Rishi | ||
|
Originally posted by : Bhargav Nathwani Hello Rishi, I am sorry but I am going to give negative response to your thinking..Now-a-days nothing is depends upon only degree. I can understand and agree with your thoughts that If you have CA Inter degree then It will defiantly affect your resume and sound of knowledge. Feel free to share your thoughts, waiting for your reply. Hi Mr. Bhargav, I must say that that's a genuine reply at its best. Even I am share same views as yours and doesn't believe in piling up degrees. However, my concern is that in Investment Banking field and Equity research field, accounting knowledge is necessary. When I apply for new jobs, people doubt my accounting knowledge since I am just MBA and MBAs are known to be poor in A/Cs. Also, in IB and FP&A field, CA has become a norm. So, I am confused despite agreeing with you. |
|
Regards
Bhargav Nathwani.
indrani
(Working and studying)
(195 Points)
Replied 08 February 2014
With my meagre knowledge I will take the dare to suggest you for CFA. I feel it will help you to enhance your knowledge in your respective field too. And if accounting knowledge or degree is a matter then you can consider CMA (ICWAI). It may serve your purpose to some extent.
Rishi
(Financial Analyst)
(36 Points)
Replied 08 February 2014
Hi Bhargav,
Thanks for the reply. I am still in dilemma. Will definitely let you know my final decision. Is 3 years articleship necessary for CA Inter. Actually I am getting different answers for this at different places. Whats the procedure for CA Inter after MBA Finance? ICAI website is not providing clarity in this regard.
Regarding Financial Analyst question, I'll be glad to share info with you. Just PM me.
Rishi
(Financial Analyst)
(36 Points)
Replied 08 February 2014
| Originally posted by : indrani | ||
|
With my meagre knowledge I will take the dare to suggest you for CFA. I feel it will help you to enhance your knowledge in your respective field too. And if accounting knowledge or degree is a matter then you can consider CMA (ICWAI). It may serve your purpose to some extent. |
|
Hi Indrani,
Thanks for your suggestion. I have already cleared CFA Level 1 and will get the Charter in a few years time. Howver, even CFA has nothing to do with accounts.
Regarding you ICWAI suggestion, can you please be more elaborate why you are suggesting it ove CA inter. Actually, I have zero knowledge about ICWAI and CA both. So, your guidance will be appreciated 
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 08 February 2014
| Originally posted by : Rishi | ||
|
Hi Bhargav, Thanks for the reply. I am still in dilemma. Will definitely let you know my final decision. Is 3 years articleship necessary for CA Inter. Actually I am getting different answers for this at different places. Whats the procedure for CA Inter after MBA Finance? ICAI website is not providing clarity in this regard. Regarding Financial Analyst question, I'll be glad to share info with you. Just PM me. |
|
Rishi
(Financial Analyst)
(36 Points)
Replied 08 February 2014
| Originally posted by : Bhargav Nathwani | ||
|
By Coming throw Direct Entry System, Candidate required to complete their 9 Months of Article ship training and ITT and GMCS trainings. Revert-back for any further information about Direct entry. And ya we will sure interact for Investment Banking. |
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What? 9 Months training? Thats impossible for me. Will have to drop this plan!
Vardan Singh Sengar
(Accounts Manager in Private Company)
(433 Points)
Replied 08 February 2014
Rishi
(Financial Analyst)
(36 Points)
Replied 08 February 2014
| Originally posted by : vardan | ||
|
CFA + M.b.a + M.com..will work for you... | |
Mcom seems to be so old fashioed seriously :) though its an option. but i think short term course on accounting will play better role than Mcom. what say? I m more keen on ICWA and CA as mcom will dilute my profile
Vardan Singh Sengar
(Accounts Manager in Private Company)
(433 Points)
Replied 08 February 2014
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 08 February 2014
| Originally posted by : Rishi | ||
|
Originally posted by : Bhargav Nathwani By Coming throw Direct Entry System, Candidate required to complete their 9 Months of Article ship training and ITT and GMCS trainings. Revert-back for any further information about Direct entry. And ya we will sure interact for Investment Banking. What? 9 Months training? Thats impossible for me. Will have to drop this plan! |
|
Yes, Article ship Training is required for appear in IPC.
Jithin
(Learner)
(1057 Points)
Replied 09 February 2014
@ Bhargav Nathwani
Why cant he take up the cpt route?? I dont think its compulsory to opt for direct entry system.
@ Rishi
Hi Rishi..Earlier, every ca aspirant(who has cleared his higher secondary) had to clear an entry level test called CPT irrespective of the fact that he is a graduate or post-graduate. Now ICAI has introduced the direct entry scheme for graduates on the basis of which they can avoid the CPT exams and gain direct entry to the ipcc..also they can commence their articleship training immediately on joining ipcc(for those not under the direct entry scheme, the training requirement can be started only after clearing 1st grp of ipcc..at one's option, he can also start it after clearing both grps of ipcc)...Now this direct entry scheme is kind of an benefit given to u..As far as I know, u dont have to compulsorily take it up..If u want to avoid 9 months training,just register for cpt, clear it and then register for ipcc and clear it..No articleship training is required until then.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 09 February 2014
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