Do you really feel that a person qualified as CA / CS / CWA, needs to learn management by pursuing Management courses? Will this add value to his career?
Though I have not undergone any formal management studies, I had got the privilege of working with some of the best management graduates during my employment with L&T and TATA Group. Based on my personal experience I can tell that, though, everyone has his own niche space in the corporate world, management degree can help you to be more versatile in the initial phase of your career.
According to me, formal management education can help finance professionals to improve their analytical and problem solving skills, besides making him a good leader. Needless to mention, always higher value is attached to leaders than any other team member.
Nowadays we observe in many recruitment advertisements, that for a finance position, employers mention CA or MBA Finance as educational eligibility. Do you really feel that MBA Finance even from a top Institute is equivalent to a CA / CPA?
Up to a decade back, CAs were sought after for doing complex activities like taxation, auditing, accounts, compliance, etc which basically requires in-depth legal / process knowledge, while, MBAs were required for doing relatively dynamic functions like corporate finance, treasury operations, M&A, investor relations, etc wherein instant decision is a must. However, due to technological advancement, job profile has not remained static nowadays, and qualification in relevant only at the time of entry in the organisation. Afterwards, your performance is the utmost important factor to build your career.
Quite a few large organisations have been frequently rotating MBAs and CAs across various functions in Finance & Accounts departments to groom them as future business leader who can take more responsibility. Same trend is going to continue in future and would be followed by remaining corporates as well. Hence, you may consistently find more number of advertisements for CA or MBA Finance in the days to come.
What according to you, is that one thing, apart from academics is required in a person to be successful in his career?
The person must have a positive mindset to get success in all parts of life including career.
What is your message for aspirants of CA, CS, CWA?
India is currently going through a strong phase and is expected to witness sustained growth over the next 25 years. Obviously, there’s always going to be an increasing demand for qualified CA/ CS/ CWA professionals. The only thing you need to have is a focused approach with an urge to excel. Go ahead with full confidence, and success will definitely be yours.
To whom you give credit to your success?
Desire to Excel…
Faith of Parents…
Support of Family…
Guidance of Teachers…
Co-operation of Friends…
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