About #Chartered #Accountancy #CA #Profession Part 06 (Final Part)

Summary

This transcript offers valuable insights for aspiring Chartered Accountants (CAs), emphasizing the importance of early preparation, aligning academic courses with CA requirements, and maintaining strong academic performance. It highlights the role of practical experience through pre-articleships and offers guidance on scholarships and interest-free loans for financial support. The speaker, an experienced CA, shares personal experiences and books to guide students, stressing the hard work and dedication required for success in the profession. The message encourages a strong mindset and clear career goals, offering a roadmap for a successful CA journey.

Takeaways

• 😀 Start preparing early for CA, especially by aligning with the CA syllabus and choosing optional courses that align with the profession.
• 😀 Focus on your Bachelor's or Master's grades (BBA, MBA, or Honours) as top CA firms value academic results beyond the CA certificate.
• 😀 Consider taking a pre-articleship internship in your third year, but do not let it negatively impact your academic performance.
• 😀 Public university students have the advantage of affordable MBA opportunities and should consider pursuing them for better career prospects.
• 😀 If you're financially strained, try saving money and take advantage of scholarships and interest-free loans offered by institutions like ICB.
• 😀 It's crucial to set your career goals early—whether you aim to be a CEO, CFO, or work in a private firm—so you can begin preparing for those roles.
• 😀 Networking with professionals in CA firms and getting tips from them can help guide your preparation effectively.
• 😀 The CA profession offers opportunities for high earnings, independence through practice, and contributions to the country's economic development.
• 😀 The speaker has written several books aimed at helping students understand the CA profession and its opportunities, providing guidance on how to succeed.
• 😀 One of the books, 'Why Should I Study CA?', helps those uncertain about the profession by highlighting the benefits and practical aspects of being a CA.
• 😀 The speaker encourages students to think carefully before choosing the CA profession, as it requires hard work and dedication, but it can lead to high-paying jobs with significant societal contributions.

Q & A

What advice would you give to students who want to pursue Chartered Accountancy (CA)?

Start preparing gradually, particularly focusing on the CA syllabus. Choose optional courses that align with the CA profession. By the third year of your Bachelor's (BBA or Honours), you should aim to secure a pre-articleship. Maintain a good GPA in your degree as well, as CA firms prioritize your academic performance along with your CA qualifications.

When is the right time for a student to take up a pre-articleship?

The ideal time to take up a pre-articleship is when you reach the third year of your Bachelor's program. This allows you to gain early exposure while still focusing on your degree.

How important is it to choose the right courses and have a good academic record while pursuing CA?

It is crucial. CA firms look at your overall academic performance, including your degree results. A strong GPA is essential for getting into top CA firms, so balancing your degree with the CA preparation is vital.

How can public university students manage their academic workload while preparing for CA?

Students from public universities should leverage the advantages available to them, such as the option to pursue an MBA after their Bachelor's. They can manage both by carefully balancing their study time and taking advantage of financial aid like interest-free loans offered by institutions.

What are the financial support options available for students pursuing CA?

ICAB offers interest-free loans for talented students to help with the financial burden. These loans are repaid once the student starts earning, providing a supportive structure for CA aspirants.

What role does mindset play in pursuing CA, according to the speaker?

A clear mindset is essential. Students should have a focused vision on what they want to achieve—whether it's becoming a CEO, CFO, or building a career in the private sector. Setting goals and planning ahead is key to success.

How has the speaker's book 'CA Jiboner Golpo' influenced students?

The book shares the life story of a student from childhood to CA qualification, motivating readers. One student reached out to the speaker, stating that the book inspired him to start studying seriously after facing personal setbacks.

What is the purpose of the book 'Why Should I Pursue CA'?

This book helps students who are uncertain about whether to pursue CA by outlining the benefits and opportunities that come with the profession, such as higher earnings, independence in practice, and contributing to the country’s economic development.

What is the focus of the book 'How to Pursue CA'?

This book serves as a guide for aspiring CA students. It covers everything from setting career goals, choosing the right CA firm, and managing the article-ship phase, to understanding the three levels of CA exams and practical work experience.

What is the long-term career potential for a CA, according to the speaker?

CA professionals can achieve high salaries, with opportunities to work as top executives like CFOs or CEOs. However, it requires handling significant responsibility and pressure. Those who thrive in challenging environments and aim to contribute to society are likely to excel in this profession.