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Recognition of ca in malaysia.

Others 2186 views 3 replies
Hi, I’m a Chartered Accountancy Final student from India. I would be qualified in a few months time. I would like to know the prospects of beginning my career by moving to Malaysia. I need clarifications on the following: 1. Which field in Finance is of high demand -- Reporting and analysis, Internal Audit, Investment banking, Taxation, IS Audit? 2. If there is good scope for a fresher Chartered Accountant to get placed in Malaysia. 3. What will be the approximate take home pay. 4. Will any additional qualification/ certification be helpful? 5. Please suggest me on these and also any reference portal which will be helpful to me regarding courses, job portals, references. 6. For a fresher Indian CA, to work abroad, is Malaysia preferable or other countries like UK, Australia, Canada, UAE? 7. Is cost of living too high in these countries compared to the package? Please guide me on these. It would be of great help. Thanks.
Replies (3)

1.First things first, Each country has It's own skills demands.For instance, There is a strong demand for specialisation in Corporate Governance, Internal Audit and Regulatory Control in Singapore.

In Australia, Self Managed super Fund(SMSF)/Superannuation, SME sector,Payroll are in demand. Go for jobs in Planning, Budgeting and Forecasting or Consolidation or Reconciliation.No scope for taxation.

In Canada,Financial Strategy development, Financial info. analysis,environmental safety assessment, Computer system Audit and corporate restructuring. When PM Modi went to Canada,Their PM asked for finance professional

and financial services.

IMHO,don't go for compliance work like taxation work abroad or investment banking. It's already stiff competition over there.You can also go for Fund accounting, Investment accounting.

 

2.No.Fresher CA has no value in Malaysia or Singapore for that matter. Their govts has issued a circular instructing Companies to hire their natives first then go for expats.But having experience of more than atleast 5-7yrs will help.

3.Don't worry about take home pay,focus on the profile and Industry related experience.

4.Yes,only another Professional qualification is going to be useful.The thing is India is an underdeveloped country. Developed countries don't accord value to South Asian Qualification.US CPA,UK ICAEW has got value.Indian CA has value where Accounting Body is absent or fledgling like the gulf and African continent.In Canada US CPA is valued less because they promote their Canadian CPA(Chartered Professional accountant).See they have Changed CPA full form to distinguish it from US CPA.

5.Go for portals of immigration where hot skills are listed.you'll know what's required in that country's labour market.

6.I also want to move abroad after becoming CA.As a fresher,I would like Gulf(only Qatar,Kuwait and UAE),Ireland,England, New Zealand and immigrant's favourite Canada.

So whichever  country you decide to put down roots in,go for it's qualification.I like Ireland and Canadian CPA.Don't seek exemptions based on Indian CA,appear for all the papers from scratch.

7.Cost of living is highest in Singapore. Qatar is less costly than UAE.

I also intend to move abroad so I keep exploring.

Thanks a lot brother. The above information helped me a lot. I request you if you come to know further about the topic please let me know. Thank you again.
Prashanth thanks for your pointed replies, it helped me to understand the prevailing global scenario to some extent. It is always nice to know useful information about the requirements and challenges faced in various geographies.


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