Why is CA better than other Finance Professional Courses?
Chartered Accountancy course is a very respected course in the country and there are various levels of training, exams that candidates have to go through to become a CA. Becoming a CA is not easy and many people dream of becoming a CA someday. It is really a tough course which requires a lot of dedication, hard work,time and diligence. If it were simple to become a CA then many people would have already qualified in this field. The passing percentage of CA is really low and only some candidates make it through the line.
This hard work all pays off once an individual actually becomes a CA. The acronym can be used before a person’s name and there is a vast door of opportunities awaiting a candidate as soon as they pass the CA Final Exams. The pay salary is high and there is much scope as the candidates of CA already have an experience of working in the corporate world as they complete a compulsory training of articleship for 3 years.
In this article we will be discussing why the CA course is superior to other finance courses and certifications. We will be listing down various advantages of the CA Courses compared to the other courses below:-
CA V/s CFA
CA stands for Chartered Accountancy and CFA stands for Chartered Financial Analyst. The CA Course deals with Auditing, Taxation, Finance, Law and Accounting whereas CFA deals with Finance, Investment, Wealth Management, Portfolio analysis, Stock market analysis etc. Although CFA is a globally recognized degree, CA is more recognized in India.
CAs have a higher chance of getting a job in India rather than a CFA degree holder because CFA is comparatively a newer concept and some recruiters are still finding CFA a new degree. CAs get a work experience of three years through articleship even before getting the final degree whereas CFAs don’t get a practical experience and just have to appear for their exams in order to obtain the degree.
The cost of a CFA degree is way higher to that in comparison of a CA degree. Not everyone is able to afford such high registration and tuition fees that the CFA degree charges.
CA V/s FRM
FRM stands for Financial Risk Manager. As we can find out from the names itself CA is a much wider course and a much known concept in comparison to FRM. FRM only restricts itself to Risk Management and does not have much scope in respect to career in comparison to CA.
The jobs are only restricted in the risk profiles for a FRM degree holder but for a CA the opportunities are more in comparison. Anyone can pursue CA and can even land up in a risk advisory profile whereas FRM is best suited for professionals with a good amount of experience in risk management and is best for more career development and advancement.
CA V/s CS
CS stands for Company Secretary. A company secretariat is responsible for handling all the legal matters of a firm as they have a wide knowledge on company law and corporate governance. Why CA is better than CS is because even CA has a wide knowledge of company law and can easily replace a CS in a company. The average pay of a CA is reported much higher than what is of a CS. CS also have a training period before actually getting a degree but CAs have a much larger period of training and are in result much more equipped in actually doing a particular job.
Frequently asked questions
Ans. CA Finals exam pass percentage as of latest updates is 14.47%
Ans. No CA is not difficult to pursue if done the right way with the right amount of hard work.
Ans. No, the articleship period for three years is compulsory for all CA aspirants so that as soon as they complete their degree they are ready for the corporate world.