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Want to do ca after mba

Nitin Ramchandani (MBA(finance)) (397 Points)

19 August 2012

Hi freinds,

I have complete my MBA in finance last year and having experience of 7 month in pvt insurance company and presently pursuing CMA inter, Now I want to do CA... As I am hearing lot about that value of CAs are not that much as it was.. What will be the scope of CAs after 3 years If I do this cource?

Thanks in advance.

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8 Replies

CA Anushree jain (CA) (1531 Points)
Replied 19 August 2012

first of let me clear you that vaue of this course can never degrade

though due current market positions a running bad but value compleletly depends on quality

and regarding future of CA after 3 years -more CA WILL BE REQUIRED AS GOVERNMENT IS BRINGING MANY CHANGES SOON LIKE APPLICABILITY OF DIRECT CODE SYSTEM AND MANY MORE

SO DONT WORRY ABOUT ANYTHING JUST DIVE IN TO CA.

its an awesome course

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selvaraj (acc) (824 Points)
Replied 19 August 2012

Identifying MBAs as threat to CAs as professionals, noted industrialist Kumar Mangalam Birla on Friday asked the government to implement IFRS (international financial reporting standard) with utmost care. RELATED STORIES ICAI to submit report on black money in 3-4 months RBI to decide on rate cut in September policy India's diesel price dilemma: Are the rich paying more India's online grey market for branded US clothes cuts both ways India June inflation falls to 7.25%, beats expectations "CAs today face top challange from MBAs who are good at communication skills, know finance and economy better," the Chairman of Aditya Birla Group said while addressing the two-day All India Conference of Institute of Chartered Accountants of India (ICAI). Seeking steps to re-orient the curriculum for CA courses, Birla said that having knowledge only in accounting would not help the present day CAs to face the challenges. "MBAs have an edge over CAs in many fields as the Indian economy is much closer to the world economy now. As merger and acquisition are order of the day, CAs have big roles to play," he said. Stating that the employers want new CAs to become productive from day one, Birla suggested the CAs to take leadership by virtue of their quality and have knowledge over other matters besides accounting. Birla, a chartered accountant and an MBA himself, was not happy over the rate of pass percentage of CAs. "The pass percentage during our time was 4 per cent. Now it is 17 per cent. The pass ratio should be 10 per cent," he remarked apparently stressing the need for better products. To a query from participants at the session, Birla said public analysts would misinterpret results and confuse IFRS. "IFRS should be implemented very carefully," he said.

2 Like

Nitin Ramchandani (MBA(finance)) (397 Points)
Replied 20 August 2012

Originally posted by : Anushree
	first of let me clear you that vaue of this course can never degrade though due current market positions a running bad but value compleletly depends on quality and regarding future of CA after 3 years -more CA WILL BE REQUIRED AS GOVERNMENT IS BRINGING MANY CHANGES SOON LIKE APPLICABILITY OF DIRECT CODE SYSTEM AND MANY MORE SO DONT WORRY ABOUT ANYTHING JUST DIVE IN TO CA. its an awesome course

Thanks for your advice Anushree..

r.saravanan (CA FINAL AND ARTICLE TRAINEE ) (48 Points)
Replied 20 August 2012

Originally posted by : selvaraj
	Identifying MBAs as threat to CAs as professionals, noted industrialist Kumar Mangalam Birla on Friday asked the government to implement IFRS (international financial reporting standard) with utmost care. RELATED STORIES ICAI to submit report on black money in 3-4 months RBI to decide on rate cut in September policy India's diesel price dilemma: Are the rich paying more India's online grey market for branded US clothes cuts both ways India June inflation falls to 7.25%, beats expectations "CAs today face top challange from MBAs who are good at communication skills, know finance and economy better," the Chairman of Aditya Birla Group said while addressing the two-day All India Conference of Institute of Chartered Accountants of India (ICAI). Seeking steps to re-orient the curriculum for CA courses, Birla said that having knowledge only in accounting would not help the present day CAs to face the challenges. "MBAs have an edge over CAs in many fields as the Indian economy is much closer to the world economy now. As merger and acquisition are order of the day, CAs have big roles to play," he said. Stating that the employers want new CAs to become productive from day one, Birla suggested the CAs to take leadership by virtue of their quality and have knowledge over other matters besides accounting. Birla, a chartered accountant and an MBA himself, was not happy over the rate of pass percentage of CAs. "The pass percentage during our time was 4 per cent. Now it is 17 per cent. The pass ratio should be 10 per cent," he remarked apparently stressing the need for better products. To a query from participants at the session, Birla said public analysts would misinterpret results and confuse IFRS. "IFRS should be implemented very carefully," he said.

AGREED SIR, VERY WELL SAID. CA STUDENTS SHOULD IMPROVE THEIR COMM SKILLS AND SHOULD BE MORE AWARE OF GLOBAL MARKETS AND SCENARIOS, AND THREAT TO CA'S ARE FROM TOP TEN MBA SCHOOLS .