Swati Sanwariya

I awant to get an additional degree along with ca.and I am confused which degree I should choose?

Hi...my name is swati.i am currently pursuing ca.my ca final exam is due in november 2015.so till that time I am pursuing my ca compulsory traning which is known as articleship and also studying for my ca final exam. but I am not satisfied with my career as I want to gain an extra edge.so along with preparing for my ca fianl exams I want to get another degree or certificate.like I have thought of many career options as CFA,FINANCIAL RISK MANAGEMENT.Now the question is what should I choose CFA OR FRM?...CFA is a degree course and FRM is a certification course.but I do not know that if I choose CFA, will I be able to clear it?...so m a little scared of opting it though I am gud at my studies but I do not know anyone who is pursuing CFA so I am a little confused:(....also if I go for FRM ...I m not afraid of it?...so can you help me out with this query...or if there is some other better option than these two which you can suggest?....i want a to pursue a course with CA hat when I vill complete CA I can apply outside INDIA as well...and also get very good career prospects within INDIA as well.

by Swati Sanwariya
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3 answers

RE: I awant to get an additional degree along with ca.and I am confused which degree I should choose?

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD
Verified Career Expert
Founder & CEO: Discovering Careers India
  • pune

Hello My Dear Swati, The Career Aspirant,


Firstly I would like to thank you for expressing frankly all the points in detail and the thoughts you have about your career. Congratulations for getting into the final Chartered Accountancy level and I am sure that you will clear the finals very soon and be called as a Chartered Accountant.

Reading your query, I got the impression that you are a very disciplined and sincere and serious student and interested in enhancing your career and knowledge too to take the challenges of the corporate world and business environment. This suggests that you have a very good positive and learning attitude in you which is very important these days.
In my more than seven year of career couselling experience, I have rarely come across students like you who have decided and are clear about their career goal.
Further you being a girl, you are no less than men and you have already proved it by now and shall prove it further in future and so you will definintely be a role model for other girls out there who may be less positive and less ambitions and shy to become dashing girls.

Additional degree/course along with your Chartered Accountancy course:

I understand that you are about to appear for the final attempt of the CA exam in 2015 which is a year away from now and now currently you are into article ship. Doing additional courses is very good decision.

CFA and Financial Rsik Management are really good courses. Let me tell you both shortly how they are.

CFA course is definintely a good course, however challenging andd time consuming. I suppose that after completing your Chartered Accountancy, you would wish to start working in a corporate. There fore doing CFA along with a job will be little difficult and hectic. If you are not planing to work after CA, then you may definintely join CFA course from CFA Institute, USA and study full time for CFA.

CA and CFA as a combination is fantastic and is highly paid and demanded in India and abroad as well.

If you do not feel to do CFA, I would suggest you to do a certification course in International Financial Reporting Standards (IFRS). IFRS is replacing US GAAP and IAS too. This has tremendous scope and there are good job opportunities in the corporate.

IFRS will definitely give you an edge over others.

MBA with CA:

Later on, I would just like to suggest that go for an MBA part time from one of the top BSchools in India. MBA and Chartered Accountancy combination is regarded as best in the industry and tremendously demanded.

All the Best, Swati!

RE: I awant to get an additional degree along with ca.and I am confused which degree I should choose?

Dr.Shankar Chaudhary
Dr.Shankar Chaudhary
Verified Career Expert
Chief Coordinator (T&P),) Associate professor and HOD Marketing and Information Technology at Pacific University
  • Udaipur

International Financial Reporting Standards (IFRS) is the best option these days and MBA in International business will be the another advantage if you can do swati

RE: I awant to get an additional degree along with ca.and I am confused which degree I should choose?

Apurva Kumar Pandya, PhD
Apurva Kumar Pandya, PhD
Verified Career Expert
Consulting Psychologist
  • Delhi

Dear Swati,

Thanks for writing to us your query! Very good question.

Well, future course after CA depends on you career goal. You can work as an independent consultant or full time employee with consultancy firm or corporates or in academia. Also, you need to determine area of work: accounting, taxation, costing, and corporate law

Based on your interest, you can do Cost Management Accountant (CMA), Certified Information System Auditor (CISA), Chartered Financial Analyst (CFA), IFRS, MBA and also do PhD without doing any masters course.  If you are interested in academics or research, you can do PhD.

For practice and good job, CFA, IFRS would have good scope in India as well as abroad.

I am sharing the link of website that provides list of useful course that might be of your interest:

www.icai.org/

 

Hope this helpful in taking informed career decision!

 

With Best Wishes,

Apurva Kumar Pandya, PhD

RE: I awant to get an additional degree along with ca.and I am confused which degree I should choose?

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