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Am I on the right track?

Aditya (Pursuing CA CWA) (33 Points)

20 October 2010

I am a finance professional working in a stock broking firm and have completed my MBA in Finance from one of the premier B-Schools in Eastern India, though our placements took a beat due to the lack of quality jobs since I passed out in 2009. Being dissatisfied with my current job profile and keeping my interest for Finance in mind I have decided on pursuing CA & CS simultaneously. I will be appearing for CA CPT in December 2010 and CS Executive in June 2011. I would like to keep a slow and steady pace and have decided on giving my first attempt at CA IPCC at Nov 2012 which gives me 2 years in hand since I am from a non commerce background. I will be studying for CS simulataneously. So I would like to put up a question to the members of this club that whether you consider this decision of mine to be rational my present age being 25+?

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11 Replies

seeker (JUNIOR OFFICER) (227 Points)
Replied 20 October 2010

Dear Sir

Since you have asked advise, I am giving you which is favourite past time for majority of Indians.

I think you should concentrate on experience gained in Stock Market, you are already a M.B.A From good institute, and Stock Market has way to go in India.

why do you want to start again. I guess there are a number of fields, qualifications areas in Capital Market.

Other wise if you have a habit to inflict pain on your self then go ahead.

make your firm resolve and do not ask any, one be a deaf and move but what is the purpose of doing so much study, hardwok to the extent of making your life worse

If to attain knowledge or start your own venture then C.A is good but why C.S as you are alreay working where is the time.

if to increase prospectus in private sector then this path is too long , full of uncertainty, demands a lot of energy , time affecting your personal life. You alrady best qualified having good experience you can switch over to as faculty in premier M.B.A Institute, There are number of Executive level course done by IIMS.

Choice is yours

Thanks for giving me oppertunity to preach,

Last but not least

If you accomplish this task of doing CA CS along with job People will bow in front of you

If you left it in midway People will laugh on you.

think once but never again make your firm decision

vande matram

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CA.G.Muguntha Narayanan (Internal Auditor at TVS Motors) (2195 Points)
Replied 20 October 2010

Dear Aditya,

Mu opinion wud be to go in for CA alone right now. After completing CA, u can joing CS. Since ur age is 25+, ur parents will be looking for ur marriage in a couple of years. So, better u can concentrate on CA first and then go in for CS. Really, brave move from ur side. All the best for ur exams. NO PAIN NO GAIN. So feel the pain and get the gain in another 2 years

* Krishna * (CA Student) (6149 Points)
Replied 20 October 2010

Undoubtedly you are on the right track Mr Aditya. But you try to prepone your IPCC exam, so that you can complete the course early. Two years time is not required to study IPCC. If you can apply systematic study plan, you can write in Nov11 itself. All the best.

Aditya (Pursuing CA CWA) (33 Points)
Replied 20 October 2010

Thanks a lot all of you from the bottom of my heart. I was expecting brickbats. Actually I know in 3-4 years I may not even have the chance to think something so outrageous, so I do not wish to regret that I did not give myself a chance. And believe it or not I feel super confident of cracking CA since for me it is more than a designation. I feel like enrolling myself to college for the 2nd time in my life. And I would like to go slow and as now I am concentrating just on JOURNAL entries as one of my well wisher told me if you are good at it you are good at accounts. Just trying to build up the concepts.

Aditya (Pursuing CA CWA) (33 Points)
Replied 20 October 2010

As far as my experience in Stock Market goes I am NCMP Level II certified and my job profile is not of a Research Analyst but a purely administrative one.

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sahil (final) (130 Points)
Replied 21 October 2010

hmmm yes you are right ..... better late than never .... all d best.

Dhanya Rose (Student) (147 Points)
Replied 21 October 2010

Errr , do you want to become an auditor? or a tax consultant? Being in investments side, you would be interested in tax which you can pursue otherwise as well, but CA is an investment of time and effort and I doubt it is the right one for you. Don't take it up just because it sounds like a glamorous course. Once you do become a chartered , The opportunity loss is not just time and effort in the course but also the loss of income/experience gained from an existing profession.

Well, unless you really want to be auditor, don't jump into the course. You'll think of it when you're jumping out of it. A course more related to your line would be CFA. Even CWA/CMA are closer than CA is. The choice is yours!

(Guest)

I dont think doing CA is right choice at this point of time. First be clear why you want to do CA. When you r sacrificing your time, effort and Income please rethink of doing CA. Even i am an MBA and thought of same thing. Then realised that the opportunity cost of doing CA is more at this point of time. You can go for CWA/ CIMA/ CFA which also give you an edge in the corporate finance.

If you want to be an independent, start of your own then go for CA. Otherwise CA is not feasible course at this point of time.

Aditya (Pursuing CA CWA) (33 Points)
Replied 21 October 2010

My friend please do not take your advice as unsolicited as I posted the message just to hear from you guys and I thank you for sparing so much of time after reading my post. I would first like to clarify why I am determined on doing CA. Yes there is glamour associated with the profession but unless you complete the course you are no better than what you are today. I am ready to sacrifice my job for my articleship provided I get value of it regardless of the stipend they will pay. The idea of doing CA have been embedded in my mind since my college days but I was complacent since I was doing MBA from a reputed college and there was pressure. I needed a spark or a push which came to me in the form of a job which was not giving me any sort of satisfaction and moreover I was deviating from my field of study. I always try upgrading my knowledge in Finance and do so by reading journal, newspapers and even my college text books. I am enjoying studying accounts for CA and as of now and there is not a hint of being disinterested in the subject. Initially I thought of doing CFA, but I need to be financially well equipped even if I complete the levels in a single attempt. Secondly there is not much proper guidance available. Even if I consider the above two excuses as lame I have my doubts about the relevance of CFA chartered holders in the India. I find the syllabus of CA & CS interesting, challenging and if I manage to complete the syllabus it will definitely increase my level of knowledge. Well now that I have set sail there is no looking back till I reach the destination……….

(Guest)

just 1 advice. dnt aim to gve ur ipcc in nov 2012.try to get ready wit 2 subject til nov 2011. u vil have to get more than 60% in each subject to get exemption and then u wont have to give those subjects in ur next attempt.by clearing 2 subjects, it vil give u confidence.

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Siddharth (Student) (95 Points)
Replied 25 October 2010

i would say u plz..visit a career counselor who will evaluate your interests and passions and will guide you on the basis of your aptitude test..

1.Doing CA and CS simultaneously according to me is a bad option...it is only meant for extremely talented and smart people...common man will have diffculties ..i wont discourage you,.if you think your IQ level is good then please go ahead

2.CA is a minimum 4 and half year course and if you plant to give 2 years only to ipcc and then 3 years of for final then there are chances of you getting frustrated as i think you might have already completed over 16 years of education

lastly,nothing is impossible if you have the will but it will be a very very tough road ahead for you...i would recomend you to either to a part time course in the field you are already into to enhance your Resume..

ALL THE BEST