some people say that after few yr CA will no more populer cause of lot of CA in pakistan.Its salary will also decreased.Is that right can any body discuss it in detail.
choco
Edited by - irfan2003 on Nov 13 2003 105201 AM
With the kind of results ICAP gives in each atempt, i dont see the value of CAs going down in atleast my lifetime! <img src=icon_smile.gif border=0 align=middle>
________________________
Arrrgh... it sure's gonna be mighty rough sailin' today ... mates!
agreed with guybrush,
dont see lot of CA, compare the demand for CAs and Supply of CAs, and obviously ICAP seriously keeps in view the demand and supply of CAs.
btw. irfan2003 are u worried about the future of your kids or grandsons <img src=icon_smile_big.gif border=0 align=middle>
S M R
Edited by - smraza on Oct 20 2003 022048 AM
Guybrush and Smraza are correct... I've come to know that before ICAP examinations, to keep intact the significance and prominence of CA together, ICAP goes to the extent of exploring the current market of CAs... They then draft what you call the demand and supply curve and mark students according to that...
Whatever the demand, will be the supply or it might even be less... And thats how things have been in the previous god knows how many years... And probably will be the same in the next god knows how many years.
hi
From last few year the scope of CA is fall due to many reason
1a few year ago student pass acca exam and then got
examption from ca that y there are so many charterted accountants
2every one who has to do any thing to do or refuse from university
are enterted in this field
3 people attract from salary packages
ammar
After Mr Ammar post any body or him can give me teh suggestion taht should i go through CA or acturial science.Pz ur ans should b in detail.
Thank you.
choco
Hi Irfan
Consider the following-
Job wise--- job wise actuarial science is best qualification caz there is only 17 actuarial in pakistan, you can be 18th<img src=icon_smile.gif border=0 align=middle> and can find job very easily (I think so).
Salary wise--- if we compare the CA and actuarial science as salaries basis, we'll find actuaries are earning much better then the CA people.
Tuition wise----unfortunately there is no any institute of actuarial science in the Pakistan. But lot of tuition institute in Pakistan for CA. Therefore you can get tuition for CA in Pakistan but not for actuarial science.
I think actuarial science is better qualification then the CA. If you need more information about actuarial science then contact with Sumaaan. I hope sumaaan can give you better advice regarding actuarial science.
Regards
S Dar
Edited by - sajjad_dar2000 on Nov 05 2003 60143 PM
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
After Mr Ammar post any body or him can give me teh suggestion taht should i go through CA or acturial science.Pz ur ans should b in detail.
Thank you.
choco
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
The scope of CA is not wearing down, its just that it has become a bit more popular these days... There's a lot of intake of students, and because the institutions here are have a money making motive, doesn't mean ICAP would compromise its reputation just for the sake of extra money... You'll see within a few years time, that when people see they aren't able to clear CA, they'll go back to graduation, as not everyone can afford to give CA 8-10 years.
However, at the moment, Chartered Accountants are those who are 'running' the accountancy markets and its not Actuaries. Coz in Pakistan, the scope of Actuaries at the moment is limited... Actuaries basically specialize in pension funds and insurance... Both of which have a limited scope to an extent, whereas you might find accountancy students/qualifieds (ICMA, CIMA) in management levels of multinationals as well...
Having said that, the significance of an Actuary CANNOT be diluted... They are certainly paid a lot more than Chartered Accountants, CMAs, etc...
People in Pakistan don't even manage to fully complete Actuary due to it being relatively complicated and tough...
But the question again is, are you yourself prepared to invest the next 10 years of your life in studying for Actuarial Sciences, bearing in mind you might not even be able to become fully qualified?
Scope of CA will never down INSHALLAH coz when demand is in excess to supply of something as in case of Chartered Accountants then its scope will never fall down
There is a will there is a way.
well if the scope of CA is not falling then wats the reason that now a days CA's r only paid around 25000 or even less ??????
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
well if the scope of CA is not falling then wats the reason that now a days CA's r only paid around 25000 or even less ??????
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
There are certain exceptions... But it would be better if you follow this link
http//www.icap.org.pk/new/Publications/jobs.htm
I'll paste one of the job ads here
--------------------------------------------------------------------
Manager Financial Planning
Date Posted02 September 2003
A growing financial institution in Karachi is looking for a Chartered Accountant with a minimum of 5/6 years of Post Qualification experience for the position of Manager Financial Planning. Prior work with a multi-national bank would give them the edge.
They need a sharp, motivated, self starter with a clear understanding of business direction. Must also have proven interpersonal skills, as well as team management, communication, decision making skills and the ability to work independently and successfully achieve targets.
The company needs a high achiever who has it in him/her to be on a fast track to CFO within the organization.
Remuneration package offered Rs. 100,000/- + Car.
-------------------------------------------------------------------
Now that salary statistic is certainly not 'less' than what one would expect.
Irfan here are some jokes to help u decide
What's an actuary?
An accountant without the sense of humour.
Why do some accountants decide to become actuaries?
They find bookkeeping too exciting.
What do actuaries do to liven up their office party?
Invite an accountant.
Me rulz
he heheeeeeeeee hohohoh<img src=icon_smile_big.gif border=0 align=middle>
choco
Irfan
That was the worst fake laugh i have ever seen (or read!). You could become an excellent Santa Claus this winter!
________________________
Arrrgh... it sure's gonna be mighty rough sailin' today ... mates!
hi friends..
i will suggest you web site
www.salary.com to find the salary of different jobs in usa... which will prove of some help in having an idea wht are the current demands.. although the job market of usa and pakistan are not same.
i will say you dont earn from what you qualify for.. but from what you learn and wht you possess. did you know that four of the ten richest man of usa are not even graduates... even BillGates. if you become a good ca you can become an excellent finance executive through your hold in the finance field. Work hard and be commited in wht you do.. CAs are not having fix salaries.. some earn 25000 rs while others earn 5 lack Rs based upon your experience and how papulor you become coz of your skills. Sincere hard work never goes waste.
Shams
"dare mighty things"
<img src=icon_smile_big.gif border=0 align=middle>