Accounting after mba

CA 1086 views 20 replies

Hi,

 

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.

Replies (20)

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.

 

As you are in practical market you can easily understand that, Practical experience is more dominating then theatrical knowledge and degree. Now, time is coming like, degree is not important work efficiency and affectivity does matters a lot.

 

You should not start CA studies at this level. You are MBA and Financial Analyst. I seems you are sound but due to market competition sometimes we are not happy, we are not getting as we putting our efforts. But I personally thinks that, this is not a proper decision to take additional degree. Not looking problem solving decision.

 

Feel free to share your thoughts, waiting for your reply.

 

 

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.

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.

 

Hello Rishi,

 

Appreciate your prompt and humble reply on my comments. I am from Rajkot, Gujarat. so, I don’t have much experience of big industries. It’s good that, by only degree people can rely on your self as you can do accounting. I agree with you are clear with your prospective then go for inter.

 

Second aspect is that, many of times we are seeing settled people mostly failed to study hard. If I say about CA student they are also facing their approach problem whenever they want to convert their Article-ship practical training to Final studies. Don’t take me as negative speaker but this is what general prospective of this field. I would like to share you because of you should know all the facts and possibilities.

 

If you are genius in studies and good at cracking practical then you don’t have problem. As you are a MBA I guess you can easily crack theories of IPC examination.

 

And ya , Sir I love about Financial analyst field. It’s my one of the favorite subject..and also about Banking finance. I Would like to interact about these fields in future. Share your views and knowledge and enlighten with your guidance.

 

Thanks,

Regards

Bhargav Nathwani.

  

 

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 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.

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 smiley

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.

 

 

 

Hello Rishi,

 

Yes, Now ICAI launched Direct Entry Scheme for Graduates. On the basis of Graduation you can enter in CA – IPCC. (55% and more marks required in Final exams of Graduate).

 

By Coming throw Direct Entry System, Candidate required to complete their 9 Months of Article ship training and ITT and GMCS trainings.

 

Attached  Please find , Details and complies of Direct Entry.

 

Revert-back for any further information about Direct entry. And ya we will sure interact for Investment Banking.

 

Thanks.

Regards

Bhargav Nathwani.

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!

CFA + M.b.a + M.com..will work for you...
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

any degree or study has never been an old fashioned...the thing is that we from how eagerness you learn from that...its only a mentality..
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.

@ 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.

  

@ Jithin / Rishi,

 

Yes. It can possible. Thanks a lot Jithin you are giving right way..Mr Rishi you can go this way first appear in CPC and then for IPC (inter) on the basis of your 10+2..I thought that point when we were discussing but It was not logical but it's perfectly fit in your situation and requirements.

Last date of registration for appear in CPC June'14 is 31st March'14.

It should be noted that, for getting ATC degree (Accountant Technician Certificate) completion of IPC and 1 Year of practical trainng is required. But, as per our conversation I think you are not interested for the ATC. CA Inter is only your requirement.

You can go with idea of Jithin.

 

Thanks

Regards

Bhargav Nathwani.

 


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