What are some good career backup plans if a student is not able to complete the CA course?

Chartered Accountancy (CA) is one of the most difficult professional qualifications. Pass rate of CA examination is traditionally very low. Students who enrol for CA after 10+2 face lots of challenges in case they are unable to complete CA curriculum. Therefore in order to mitigate risk of lack of career in the event of CA examination failure, it is a good mitigation option to have additional educational qualification for alternate career. Bachelor of Commerce with Major in Accountancy and Finance from IGNOU is designed and developed in collaboration with The Board of Studies, The Institute of Chartered Accountants of India, exclusively for the Chartered Accountancy students. The main objective of this program is to develop skills and competencies of the students in the field of Accountancy and finance. Students can simultaneously study this B.Com with Major in Accountancy and Finance program with Chartered Accountancy First Stage offered By ICAI. This program comprises of 96 credits, out of which 32 credits are from IGNOU and 64 credits are part of Chartered Accountancy course (First Stage). Once a student passing Chartered Accountancy First Stage, automatic credit transfer is given in this B.Com (A & F) program for all of those Chartered Accountancy First Stage courses. This scheme facilitates the student to obtain duel degree simultaneously. Students after B.Com from IGNOU are eligible for higher studies such as M.Com and MBA, etc.

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Pass rate of CA examination is traditionally very low. Students who enrol for CA after 10+2 face lots of challenges in case they are unable to complete CA curriculum. Therefore in order to mitigate risk of lack of career in the event of CA examination failure, it is a good mitigation option to have additional educational qualification for alternate career. Bachelor of Commerce with Major in Accountancy and Finance from IGNOU is designed and developed in collaboration with The Board of Studies, The Institute of Chartered Accountants of India, exclusively for the Chartered Accountancy students. The main objective of this programme is to develop skills and competencies of the students in the field of Accountancy and finance. Thank you.

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Hi, In case if as a student someone fails to complete CA exams. The following are the options which must be opted without any delay: 1. Pursue regular MBA from a reputed college. 2. Start own business. 3. Do a certificate courses and then job. 4. SSC CGL, etc.

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Some good career backup plans if a student is not able to complete the CA course options you can consider. Law You can do a 3 year course after your B.Com from a good college, interning in legal firms alongside whilst gaining a good practical experience. It's a lot of theory but you will have done 25% of the portion in IPCC with business and company law. MBA This is a long term plan if you want to get into a great B school as they accept people only with previous work experience. So you can do an M.Com, work for the 2 years gaining experience and then give your CAT or whatever exam is necessary. MA in Economics Now this is only if you have a keen interest in economics. It's a great option and you can be placed successfully with the finance background. Not requiring a lot of classes, MU has a course for this. CS/CFA/ICWA For obvious reasons these are great options too. You have a background in the subjects and though as competitive, it's a good option for placements and education. These are some of the options you can consider.

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If someone is not being able to complete the Chartered Accountancy course, he/she should may like to opt for other similar available courses. In that situation, one can opt for Chartered Financial Analyst course or Company Secretary course or can do an MBA as well in case he/she is inclined to do so. The Chartered Financial Analyst course is considered as relatively easier as compared to Chartered Accountancy and got a good job prospect too. This course deals with broad range of topics such as investment, stocks, bonds, financial management and other areas of finance. Company Secretary course is again an option where one gets to learn the methods of efficient administration of a company, particularly with regard to ensuring compliance statutory and regulatory requirements of the company. It is considered to be an easy course when compared to Chartered Accountancy with good job opportunities.

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There are many backup options like they can apply for CS or CMA but it will take time to complete till final so you have alternate opt options like if you have passed your Bachelors, you can apply for Masters like PGDM, MBA, etc. Or else, start preparing for government job exams like staff selection exam or else MPSC or UPSC exams. If you know about account and auditing, you can have the option of doing short-term Diploma in audit and taxation or diploma in accounts and taxation. With that, you have an option of doing Diploma in import and export. But, one thing is that with this, all you should do is start investing your money in the form of shares and mutual funds.

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