I would suggest that u get work experience of 2-3 years and at the same time pass 3 levels of CFA.Then only go for MBA.Give indian entrance tests as well as GMAT. What did u mean .2%? The pass percentage in nov2010 wasn't on o.2pc? : How did u get your job?Was it via Campus placements from ICAI? Could u share the situation of the placement scenario of CA fresher getting jobs in your place/region?
1. I can't do that because i'll get married by 2014 and that means no more studies 😛 so i've to choose either of MBA or CFA!!! what should i do? ? 😞 i was inclined towards CFA since beginning but only recently i'm wondering maybe MBA finance is a better idea..
2. 0.2% referred to someone's calculation here for people who clear all levels of CA in first attempt. its a cumulative percentage.
3. i applied in KPMG through a reference. I did not attend the campus but i heard the results are pretty good, around 60% got jobs.
scenario aint very good. there're no opportunities for CAs in chandigarh cause there are no corporate offices.
1. I can't do that because i'll get married by 2014 and that means no more studies 😛 so i've to choose either of MBA or CFA!!! what should i do? ? 😞 i was inclined towards CFA since beginning but only recently i'm wondering maybe MBA finance is a better idea..
2. 0.2% referred to someone's calculation here for people who clear all levels of CA in first attempt. its a cumulative percentage.
3. i applied in KPMG through a reference. I did not attend the campus but i heard the results are pretty good, around 60% got jobs.
scenario aint very good. there're no opportunities for CAs in chandigarh cause there are no corporate offices.
1.What were the salaries being given in the Chandigarh campus placement? 2.In case of marriage;go for mba now; and CFA can be done after marriage also.It doesn't require residential stay in some college.
Some problems i do have with the CA course is that i find the syllabus to be extremely impractical in parts.
Firstly the syllabus for the whole paper of IT in pcc is useless. The syllabus contains things that a CA does not need to know about and will in all probability never use.
Secondly, the duration of the course is abnormally long. why force someone to wait for 5 years to finally write the final examinations. It should be left up to the student for when he feels comfortable appearing for the final examination.
Thirdly, the duration of article ship is a whole 3.5 years which in my opinion is 2 years too much. what one learns from 1.5 years of articleship is more than enough( like how it is for the CS article ship). If a student is not working in one of the Big 4 firms there is hardly any chance for any exposure to big companies. and most CA firms make the student do the same things over and over, year after year. The articleship duration in my opinion is made so as to benefit the members of the institute who can employ cheap labour.
Barring the above i think the course is extremely well designed especially the accounts and MAFA syllabus. Any student who masters the accounts and MAFA syllabus can give even an IIM grad a run for his money in my opinion.
Not all of it is correct Homer Simpson.IT maybe useless but we CA's or CA students need to know it to keep in touch with the computer side.You still have to read atleast for knowledges sake , it never goes waste does it. I think 3 years is sufficient , i think more experience is valued these days.Corporates tend to prefer the 'already been there' guy.
I turned down a chance to work at one of the big 4 and im now at a good tier 2 firm.You have to make the most of the opportunities you get and exploit the resources your firm has.Companies wont just give you the best audit to handle.You need to prove them that you are willing to learn.
I think CA's are much better of than most of the students entering the IIMs because they have a good background in finance and have applied their knowledge.Plus if you look at the new syllabus of MAFA which is now startegic financial management and accounts you will admit its awesome.
will my experience in TAX hamper my career as an MBA in finance?
Err , on the contrary i think it will enhance it.Work ex in such fields is always valued.Im pretty confident that only 1-2 % of an IIM batch must be having some experience in Taxation. My interest is sort of similar to yours , cause i too want to get into investments,M&A; or PE. My advice to you would be to prepare for CAT,get a good score and try for the top indian B schools.CFA is too long , cause i think you need to have 4 years work ex in specific fields to be eligible for the level III exams
how good is icwai. i am an engineer, trying hard for mba-fin,cfa l2 ,frm l2 candidate. however i think for a good india specific financial cv i need to do some accounting qualification. will icwai be a good option? also what is the difficulty level ( prep time required). for me icai is out of question since it requires article-ship.
will my experience in TAX hamper my career as an MBA in finance?
Err , on the contrary i think it will enhance it.Work ex in such fields is always valued.Im pretty confident that only 1-2 % of an IIM batch must be having some experience in Taxation. My interest is sort of similar to yours , cause i too want to get into investments,M&A; or PE. My advice to you would be to prepare for CAT,get a good score and try for the top indian B schools.CFA is too long , cause i think you need to have 4 years work ex in specific fields to be eligible for the level III exams
i don't think we need to wait for L3 exams for 4 years of work ex.I think that before applying for CFA designation, the candidate should have passed L3 and have required work ex.After passing L3,he can complete that work-ex and then apply for the designation,degree.
1.What were the salaries being given in the Chandigarh campus placement? 2.In case of marriage;go for mba now; and CFA can be done after marriage also.It doesn't require residential stay in some college.
1. there was no campus in Chandigarh due to internal politics. Ludhiana was the only center in north india after delhi and NOT A SINGLE company came there so it was cancelled. last to last campus was held in chandigarh and the average package was 5L
2. but lets say we chuck marriage for a while.. on an equivalent basis, why would one prefer to do CFA now and MBA later? i find MBA now and CFA later as a universal solution.
Some problems i do have with the CA course is that i find the syllabus to be extremely impractical in parts.
Firstly the syllabus for the whole paper of IT in pcc is useless. The syllabus contains things that a CA does not need to know about and will in all probability never use.
Secondly, the duration of the course is abnormally long. why force someone to wait for 5 years to finally write the final examinations. It should be left up to the student for when he feels comfortable appearing for the final examination.
Thirdly, the duration of article ship is a whole 3.5 years which in my opinion is 2 years too much. what one learns from 1.5 years of articleship is more than enough( like how it is for the CS article ship). If a student is not working in one of the Big 4 firms there is hardly any chance for any exposure to big companies. and most CA firms make the student do the same things over and over, year after year. The articleship duration in my opinion is made so as to benefit the members of the institute who can employ cheap labour.
Barring the above i think the course is extremely well designed especially the accounts and MAFA syllabus. Any student who masters the accounts and MAFA syllabus can give even an IIM grad a run for his money in my opinion.
Not all of it is correct Homer Simpson.IT maybe useless but we CA's or CA students need to know it to keep in touch with the computer side.You still have to read atleast for knowledges sake , it never goes waste does it. I think 3 years is sufficient , i think more experience is valued these days.Corporates tend to prefer the 'already been there' guy.
I turned down a chance to work at one of the big 4 and im now at a good tier 2 firm.You have to make the most of the opportunities you get and exploit the resources your firm has.Companies wont just give you the best audit to handle.You need to prove them that you are willing to learn.
I think CA's are much better of than most of the students entering the IIMs because they have a good background in finance and have applied their knowledge.Plus if you look at the new syllabus of MAFA which is now startegic financial management and accounts you will admit its awesome.
Well i wanted to comment on that IT being useless in CA course but i dint get into pointless litigation. If you've done CA, and looked for a job for quite a while, you'll realize how important that subject is. Trust me, nothing is useless in CA course. and about articleship, its a subjective issue. i won't comment on it. but in my personal opinion, 3 years is a good duration but it should be deferred. a CPT or IPCC pass student has NO knowledge all he does he copies papers or delivers cheques for his CA. this practice should be checked.
will my experience in TAX hamper my career as an MBA in finance?
Err , on the contrary i think it will enhance it.Work ex in such fields is always valued.Im pretty confident that only 1-2 % of an IIM batch must be having some experience in Taxation. My interest is sort of similar to yours , cause i too want to get into investments,M&A; or PE. My advice to you would be to prepare for CAT,get a good score and try for the top indian B schools.CFA is too long , cause i think you need to have 4 years work ex in specific fields to be eligible for the level III exams
exactly exactly i totally agree 😃 .. i just had that hitch in my mind.. about taxation and MBA in finance. chalo lets see going for MBA prep finally.. chucking CFA 😃
how good is icwai. i am an engineer, trying hard for mba-fin,cfa l2 ,frm l2 candidate. however i think for a good india specific financial cv i need to do some accounting qualification. will icwai be a good option? also what is the difficulty level ( prep time required). for me icai is out of question since it requires article-ship.
ICWAI is a good option .. it focuses on COSTING.. but i'm not sure how'll you go with that.. Costing is a concept based subject. and you'll have to create your base before venturing into ICWAI whole heartedly. Go through the syllabus once and see if it interests you.. nothing is difficult 😃
guys i am new on this forum, so sorry for asking this vague question but this is important for me. i am doing my mba from ifmr chennai( its hugely known for finance only), so obviously my specialisation is in finance. now i plan to do cfa. i want to work in areas like i banks, mergers and acq and treasury. will cfa help me or not
wat and how should i prepare for cfa?? wat can i expect to get out of it??? plz reply asap
guys i am new on this forum, so sorry for asking this vague question but this is important for me. i am doing my mba from ifmr chennai( its hugely known for finance only), so obviously my specialisation is in finance. now i plan to do cfa. i want to work in areas like i banks, mergers and acq and treasury. will cfa help me or not
wat and how should i prepare for cfa?? wat can i expect to get out of it??? plz reply asap
There's another thread in another section to get info about CFA in pagalguy.Please post ur query there.atb
As per Deccan Chronicle, Explaining the attractive remuneration on offer, he said the average entry level salary of Rs nine lakh per annum is expected to scale up to Rs 20 lakh in the next five years. "Last year during a campus recruitement programme organised by the Institute, three candidates barely in their early twenties were offered Rs 21 lakh per annum for an international posting. For domestic psoting, the best offer received was Rs 15 lakh per annum", he said."
Wow olam does pay alot.Its good to see companies offering good packages , high time the industry realise the amount of hardwork people from our fraternity put in
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