Chartered Accountant (CA) Designation Revealed!

Online Accounting Community for Students

Sunday, April 12, 2009

The wrong reason to do your CA


The Doctor is in the House...

I mentioned before in a different post not to do the CA designation for the money, and I stand by it, especially if you definitely have another passion/career that you want to pursue. Other reasons why you might want to do your CA is peer pressure, parental pressure, the "fad career" of the 2000's, money, power, and respect.

I stand by this statement. You can flame me all you want. People who get the CA are people who don't know what they want out of their lives. If you are someone that knows what you want in your life, you DO NOT need your CA. Repeat after me, YOU DO NOT NEED A CA, despite what anyone says.

Further proof. What kind of child growing up tells their daddy "I want to be a CA when I grow up." or maybe you can ask any of your friends getting their CA what they want to do in their life. The majority won't know - the typical "I'll go into industry." "I want to be CFO." "I want to be the Controller of a large public company."

The truth is People who do their CA's are more attracted to money, power and respect as opposed to what they REALLY want out of their life. Surprisingly enough, most CA's in Big 4 don't get enough money, power or respect. It's kind of ironic isn't it. =)

You need to ask exactly why you want to get your CA. Is it because you don't know what else to do in your life? The CA does not solve this question for you. In the end, you still need to answer this question for yourself.

The worst thing to do is to go through the hell to get your CA, and finding it not helping you progress in the career that YOU WANT. Not the career of John Bo who wants to be the controller of "insert large public company". The career that you want.

Despite massive advertising campaigns, the CA does not necessarily opens doors to a career that you find fulfilling and enjoy. Answer the question of how exactly a CA is going to help you in a career that you want, otherwise...

You may find yourself just wasting time.

For example, if you want to be a rapper, the CA does not really help you. Well...maybe, it'll give you more street cred.

Dr. Dre, CA =)

4 comments:

  1. This BLOG is excellent! I have some first year friends and they know nothing about getting a CA except that it's something they "have to do", it's essential in life or it will open doors for them in the future.

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  2. Great blog.

    May I ask how a CA is going to help you in your career?

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  3. Hi elchow! Great question, I will address that in a future post.

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