Saturday, April 4, 2009

The CA is not for everone


First of all, let me say that I am not a CA Basher.
I do believe that CA students are amongst top tier students who are extremely hard working, smart and dedicated. However, I also believe a lot of CA hopefuls are massively brainwashed by industry advertising and peer pressure from their fellow CA buddies.

With that said, here's some advice for CA potentials. I strongly believe that a background in accounting and finance is a very good career option at the moment. If one day your ambition is to work as a CFO or controller for a large public company, there is no designation that I would recommend over the CA. If you like the stock markets, the CA is also a great starting point to get into the finance industry.

With that said, the CA designation is NOT for everyone. It is not a quick way to get rich. You go through your undergraduate program which will be difficult. Then, if you're lucky enough, you get into a designated accounting firm that will train you and give you your 30 months of work experience. Plus of those 30 months work experience, you better pray you're getting designated hours. You will also have to pass the CKE, SOA, and UFE exams during this time period. If everything goes to plan, expect 4 years of undergraduate studies and three years of articling. You're looking at an average of 7 years. That's only if everything is rosy red.

2 comments:

  1. My friend graduated in 2005 and got his CA in 2007.

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