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CA vs ICWA

CA phanikumar chebolu (B.com CMA (CS professional))   (556 Points)

09 March 2011  

hey frnds,

  One of my frnd who cleared CA in first attempt with gud academic record, (and gud articleship knowelege) has selected in campus(2010) interview for a job in Infosys. he joined and his salary is around 7.2lacks p.a, and take home is around Rs42,000p.m. (job location is in bangalore).

 

nw see in another case, my another frnd who has not qualified CA (ofcourse cleared 1st gr in final) but cleared ICWA in 1st attempt(2010 june)... he attended for Interview in Infosys. he has selected for the job and his salary is 7.5lacks p.a and take home is around Rs50,000p.m.(job location is in hyderabad).

even if we conider the location wise also cost of living in "Banglore" is high wen compare with hyderabad.

by looking at wat should we think????  shall we consider as ICWA is better than CA????

 dont think that i m money minded, for many people money matters allottt (a gud example is "phani"  who does not knew anything abt CA, even without knowing also,  joined in CA, by hearing Aunt's advice that if u study CA, can earn lots of money.........:) he he its me only...:)....ofcourse nw my midset has changed... but stilll......:))

ok, ok.... coming to our topic,

 I m not considering only money cos, passing ICWA is damn easy, it is like child's play..... bt  CA.......,  as u all knw well than me, hw much difficult it is (very long duration...... 3yrs articlship with so many hectic rules on transfers and so many restrictions, we dont knw, wen will ICAI come out with new rules and frequently changing rules....)  See in ICWAI, no pressure of Articleship if u wants to join in job. In many cases students are not able to concentrate on CA final due to work pressure in office and lack of sufficient time for Coaching classes and for Preperation... is n't it???????

 I saw so many students (and few are among my frnds) who sacrificed their life time for getting CA qualification., wasted so many years years years of time....... even aftr wasting years time also, we dont knw, we will get through.... pls dont take oterwise, cos  few of my frnds and seniors left CA aftr trying so many attempts............... think practically.... 



Note: The 1st guy who i referred has qualified ICWA also bt joined on the basis of CA qualification through CA campus.

now i can guess ur comments for this msg..... CA is like that and like this .... and bla.. bla.....  sorry.......


 108 Replies

v@m$h! (CA - Final and CS - Final)   (1473 Points)
Replied 09 March 2011

Hi Phani,

              Ur vision is very short and it is limited to INFOSYS. But if u, in the age of 30 or 35 want to practice CA degree will be very useful. U said that second person has completed group1 CA final. Then he is qualified CWA and Semi qualified CA. So he will have some edge over the first person. The second one will get more salary if he is fully qualified CA also. 

regards

vamshi

1 Like

C.A Chirag (JOB & Study) (115 Points)
Replied 09 March 2011

Hi Phani,

             I agree with vimash on point that ur Vision is very short. Actually when u go to campus interview & may be any other place for interview, Interviewer always expect that how much your practical knowledge rather on  than theoritical also salary decide on basis of it. Another that this will be realise after when u in the age of 35 or more. I also want to focus on  that  CA can do all work of ICWA but ICWA qualified member can not do All work of CA

CA phanikumar chebolu (B.com CMA (CS professional))   (556 Points)
Replied 09 March 2011

NO doubt the person who i referred that qualified CA is having very gud practicle exposure....

N.V.V.Chalapathi Rao (CFO) (33 Points)
Replied 09 March 2011

Dear Friends,

CA no doubt is a good course but at the same time we should not undermine ICWAIs. In ICWAI there is a three year article ship like CA. Apart from articleship they have do go for a detailed project of 5000 words, Computer course of 100 hours , Group Discussions, Business Communication Seminars, Moduler Training etc.  Further their placement cell is also quiet active. This is for your information.

 

 

 

3 Like

CA phanikumar chebolu (B.com CMA (CS professional))   (556 Points)
Replied 09 March 2011

In ICWAI there is no compulsory articleship requirement for who is going for employent, Articleship is mandatory requirement only to those who go for practise..

Remaining compuer course and all not at all tough even a graduate also able to cmplete those very easily...

Lalit Kumar (Vice President ) (2203 Points)
Replied 09 March 2011

Oh come on now.. stop comparin between 2 different courses.. both have their own scope.. and ur comparing the pay pack of 2 courses, i request u to compare u the KNOWLDEGE, SKILLS etc between both.. There are people workin in Infy who have just completed 12th but are gettin a pay of 75k per month too.. Communication Skills, Interest, Passion, Goal are the other things to be seen.. 

2 Like

CA-CWA RAVI (CA-CWA in industry) (5454 Points)
Replied 09 March 2011

i dont know 

i am doing finals of both 


(Guest)

Dude, success in terms of money depends not only upon degree also but also upon one's individual luck and chutzpah also. You know what this year a SRCC B.Com. Final year student got selected in Deutsche Bank for a start salary of Rs. 38 lakhs. Even IIM Grads fight for that type of salary.

CA Ravi Sisodia (CA,CS,CMA) (32221 Points)
Replied 09 March 2011

CA and CWA both have good opportunities.

for the purpose of job both have good worth.

for the purpose of practice, CA is much batter then CWA.

2 Like

CA phanikumar chebolu (B.com CMA (CS professional))   (556 Points)
Replied 09 March 2011

As well said by Ravi sir that  for practice,  CA is much better than cwa and for employment both  CA and CWA both have gud opportunities.... then y these people r crazy abt CA and wasting so much of valuable time and sacrificing so many things in life for getting through CA including me...

so even i started realising it nw.... so registered for CWA Inter.... nw, i m sure that i can settle within one and half year with CWA even CA final Kicks me...  bt can we settle within 2 years frm registration of IPCC???? no way cos there a is min time requirement of 3 years to 3.1/2 years...  and hw many students are confident abt getting CA qualification even after completing the said 3 and half years???????

if anybody are there to say that they can.. then that number will be in countable....

BALU.... (CCI STUDENT....) (44614 Points)
Replied 09 March 2011

CA and CWA r best combination in employment, if cwa more brainy than he can good package than ca. but its few CWA But CA has more scope than cwa, if average guy having ca certificate can get more than cwa guy..Its depends on how you face the intereview..Just forget thinking more on that and just clear ca and cwa both..

For your kind information even you need to do 3 years articles after CWA inter..

Every course is good in there resepective field so just chill and clear your ca, instead break your head on this things..

 My friend got good package in campus, infy 8lak..

 

Best of luck...

ACMA Ayan Paul (Analyst-Corporate Rating at CARE Ratings)   (284 Points)
Replied 10 March 2011

I am doing Both and will appear in finals for both in this year 2011...I blv that People who have Plan B in their pocket always have some advantage over others...so thats it..otherwise these two degrees are in some way identical and in some way polarized..so nevr undermined any degrees for other dergrees...its about one's choice and passion to the scope of the degree,.

CS Ambrish (Comp-Secretary) (175 Points)
Replied 10 March 2011

ca and cwa are not gud combo ....its always ca with cs ...finance and law ..wud do gud anywhere .. cwa has its own advantages and disadv jus like ca and cs also has....all these prof courses shudn be and cant be compared at any cost ....pls don ve such narrow minded vision ....we are professionals and shud be proud of it :) cheers...

Priety Jain (Trainee) (38 Points)
Replied 10 March 2011

both courses are good.. there is nothing like anything that CA has more scope than CWA or vice versa...  I would like to add that their is 3 years compulsory articleship for all the students... but if u have 3 years experience subject to some conditions then u have no nrrd to undergo for articleship...


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