The University Grants Commission (UGC) has resolved that the candidates who qualify CA/CS/CMA examination will be treated equivalent to PG Degree.
This decision is based on requests submitted from the Institute of Chartered Accountants of India (ICAI). With the recommendation of the expert committee, the commission resolved that CA/CS/CMA qualification will be considered equivalent to PG degrees.
Due to this decision, room for growth has been opened up for professionals and it will create opportunities for them across the world.
So, let us discuss how these professionals will be benefited from this decision -
1) It will help professionals for pursuing higher studies
This decision will not only help these professionals to pursue higher studies but it will also facilitate the mobility of these professionals globally. Due to this, qualified CA/CS/CMAs will be motivated to study further and explore new career opportunities.
2) Wider choice of employment
As qualification of CA/CS/CMA exams are recognized as PG degree, it will automatically create ample of job opportunities for the budding professionals. They can get into their choice of job they want to make their career in. Now a door of various kinds of jobs will be opened up for CA/CS/CMAs.
3) Various Career Choices
A wide range of career choices will be available after CA/CMA/CS examinations are treated as PG Degree. Professionals can choose a career in which they feel they can excel in and they want to grow in.
4) Unlimited Professional Growth
Everyone is aware of the reputation of CA/CMA/CS qualification possess. After recognition of qualified CA/CS/CMA examinations as a PG degree, professional growth can be seen in their career as there will be scope for new career, new job opportunities, etc. There won't be any limitation in exploring new heights.
So, it clearly means that this decision of the University Grants Commission (UGC) has brought more respect and repute to the Chartered Accountancy (CA), Company Secretary (CS), or Cost and Works Accountant (ICWA) qualification and it will take lead these professionals to a new height in their career.