Should I opt for higher studies or pursue a job after completing CA and why?

It all depends on your choice and interest. There are a lot of courses offered by ICAI itself to enhance your qualities in your interested field, now it's you have to figure out and choose the best which suits your passion and interest. Some of the courses are - - CFA (Chartered Financial Analyst) The combination of CA+CFA is the value added to grab the opportunities to the profiles of Analysts, Investment banking and Portfolio Management. - CPA (Certified Public Accountant) The combination of CA+CPA helps to build an expert knowledge in the field of Accounting and Auditing. - CS (Company Secretary) The combination of CA+CS recommends the high position to grab the opportunity of Secretarial Head along with Account and Finance Head. CS is a very good combination with CA as far as course content and understanding the corporate environment is concerned. - ICWA (Institute of Cost and Work Accountants of India) The combination of CA+ ICWA is the best thing to work in the manufacturing company, as ICWA course provides an ample opportunity to work on controlling costs using the accounting techniques, also CA course gives an opportunity to study cost and management accountancy. - CMA (Certified Management Accounting) The combination of CA+CMA is the value added to grab the opportunities to the profiles of Business Applications, Business Analysis, Strategic Management and Management Accounting and Reporting. Course Options Available With CA or CS - after graduation - Information Systems Audit (ISA) -There is no doubt that Chartered Accountants with ISA qualification will play a major role in Information Systems Audit (ISA) in the coming years. - Post Qualification Diploma In International Taxation - To build the capacities in the area of international taxation, the Institute of Chartered Accountants of India (ICAI) with the approval of Ministry of Corporate Affairs has brought out a Post Qualification Diploma in International Taxation for its members.

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Opt for higher studies or pursue a job after completing CA. Courses that supplement CA degree-These are the courses which are more or less similar to the CA syllabi and with which a normal CA student may be familiar with. CWA and CS, you can earn these qualifications by availing the benefit of exemption granted by these institutes for qualified CAs. CA+CWA can help you in manufacturing industries while CA+CS can help you in the service industry. For more details check the websites of these institutes. Dip IFRS: It is a certification course offered by the ACCA Institute, London and is an accounting certification. It is a short-term course and can help you if you are in audit/ accounting role in a company. CISA/DISA courses offered by CIMA and ICAI respectively. It mostly helps you if you are in auditing service line. CIMA/CMA: CIMA degree is offered by CIMA, London while CMA is offered by IMA, USA. These degrees will help you if you are working in controlling function. Also, these qualifications will be more useful if you are working in an MNC and in a business role. Post qualification courses by ICAI: ICAI offers many post qualification courses which are useful for professionals in their respective service areas. Check more on this at The Institute of Chartered Accountants of India.

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I think you should pursue higher studies because CA is a lucrative job which does not provide a higher or average salary without any supplement or in addition courses: CA+CWA can help you in manufacturing industries while CA+CS can help you in the service industry. For more details, check the websites of these institutes. Dip IFRS is a certification course offered by the ACCA institute, London and is an accounting certification. Short term course can help you if you are in audit/ accounting role in a company. Courses offered by CIMA and ICAI respectively. Mostly helps you if you are in auditing service line. CIMA degree is offered by CIMA, London while CMA is offered by IMA, USA. These degrees will help you if you are working in controlling function. Also, these qualifications will be more useful if you are in a foreign MNC and in a business role. MBA, CFA, FRM, government officials and RBI officials, etc. The average salary provided to a CA is 2 lakh to 10 lakh per annum whereas to CAs with additional courses is about 10 lakh to 25 lakh per annum. Hope it helps.

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Dear student, It's about your personal interest whether you want to study further in order to achieve some greater heights or so. I would recommend you to go with a job for 2-3 years in order to gain experience and then go for MBA from a reputed college in India or preferably outside in order to add more value to it. Also, you can also look forward to CFA- as CA+CFA is one of desired candidate profile among consulting firms such as Goldman, Bain and company, BCG, etc. So all the very best. Good luck!

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It is always advisable to join a firm and start working after doing Chartered Accountancy. So, once you complete your Chartered Accountancy, and if you are able to get a good job with a good firm, then it is better to join it rather than opting for higher studies. Particularly, if your interest lies with subjects like tax and audit, you may want to opt for a job after you are done with your Chartered Accountancy. On the other hand, if you are unable to get a good job, or you want to do a specialization in finance or wish to pursue an MBA, you may like to go for higher studies like ACCA, CFA, CMA, CPA, etc.

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Chartered Accountancy requires great skills and in-depth knowledge in order for them to become desirable in the market. Before trying to go for further studies, you should work at least 2 years to find your niche. Once you have identified your niche or area of specialization, then go for Masters at a top ranked college. But, again, you need to select your course very carefully. Working for a couple of years in a CA firm will give you good exposure to explore the various options and fields. Once you identify your speciality or your strengths, then you should plan to pursue your Masters in that particular field. You can look out at various options like CFA, MBA in Finance, or even something as diverse as Data Science. You also need to think about what you would like to do after your Masters degree and decide accordingly. Would you like to do a job or start your own business.

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After CA, it is good to join a firm and start working in the corporate world. CA generally do have good packages. CA is a respected profession in today's world. Many economies are going under a change with respect to banking regulations, hence their role is still more important from Multi-National Companies. If you want to study further then you can look for options like ACCA, CMA, CPA. ACCA is widely recognised in Asia and in UK. CIMA is recognised in few European countries. CPA focuses on management accounting. It is recognised degree throughout the world. In this, you will not be entitled to any exemption. Also, eligibility for this exam differs from state to state. You have to give exam in USA. So the cost of is higher than others. Few boards have started taking the exam in the Middle East so you have to plan accordingly.

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