Financial analyst
32 Points
Joined December 2008
Hi Sweta,
i am also an engg. grad.
Generally Engg. grad who wants to have strong footage in Finance will prefer MBA Finance or ICWA; not CA as CA is inclined towards Audit and Regulatory Compliance.
Where as ICWA is directly related production (even software production, for IT enggs) with concepts such as Costing, Management reporting.
ICWA is more about analysis, management, etc.
I have discussed this with many finance professinals e.g. once I met an old fellow working at World bank and said about my plans to become a Energy Consultant, asked for his guidance, he quickly suggested me to take ICWAI.
People think that ICWAI is just another flavour of ICAI. The two are set up by Indian governments for two distinct needs, which might have some common featu;re. But the needs are different.
So, it depends on you whether to for ICAI, if you want totally for get your B. Tech. and go for CA
or to ICWAI if you want to use both engg. skills and accounting and financial skills.
Guys throw more light on this issues.
Please tell me whether my ideas are correct?\
PS: CIMA is international body similer to ICWAI and pursuing it is far costlier than ICWAI.