The ICAI institute has a memorandum of association with foreign countries like Canada, Australia, UAE, and Canada. These countries allow Indian CA students to join industries there but they cannot work independently. In England, the professional body ICAEW allows for some exemptions in the examination. In UAE, CA students from India are allowed to do job and individual practice. Global work experience is valuable and it can be implemented with the Indian companies after the experience. After Intermediate student needs to undergo article ship training. CA certificate is acceptable globally. Let me see the value of the CA (intermediate) certificate in foreign countries. After completing two stages the value of the course is the question which makes the student enthusiastic.
Value of CA Intermediate Certificate in the UK
In a release, ICAI declares that CA Intermediate certificate is equivalent to Emirates level seven. As per the standard of the National Recognition Information Centre for the United Kingdom CA intermediate is equivalent to graduation and CA final is equivalent to the master’s degree of UK universities. The evaluation of NARIC is useful for continuing higher education in the UK and for searching for job opportunities in the UK. The comparison of Indian education with global education enhances the value of the ICAI members staying abroad. Moreover, it adds value to the ICAI institute.
What are the opportunities for CA Intermediate students in India?
After completing CA intermediate if a candidate applies for an article ship he gets a salary of 12,000 to 20,000 in India. If they apply for permanent positions in MNC companies then they get a higher salary of 24,000 to 36,000. Manufacturing companies place CA intermediate candidates for the accounts payable department. Accounts based MNC companies and non-accounts based MNC companies hire CA candidates. They have knowledge and experience in the core subject. If they focus more on the core subjects then it becomes easy for them to clear the CA Final exams.
CA intermediate students get an offer from Companies which has a demand for an accountant, finance professional, tax assistant, audit assistant, and banking. BPO Company, KPO Company, Banks, CA firms, HCL, and Wipro prefer to take CA intermediate candidates as they have knowledge but do not have the professional degree as CA. CA firms also place semi-qualified candidates with seven to eight lakhs salary. They have the financial and managerial potential to manage the clients of CA firms. They want the candidates to gamut into the Chartered accountancy areas of focus.
After completing CA intermediate exam and Article ship the student is at a young age of 22 or 24 years of age. At this age, the financial position of the student is the question that directs him towards CA final or Job. The pass percentage with CA is less. The result analysis for the 2020 year shows that the pass percentage is 35.03 percent. The likelihood of getting placed in top companies becomes a question to the failed students. So, the ICAI placement cell honors the members with better placement but the remaining students have the power to overrule the average B.com candidates. So, they also get placement in top companies. After getting experience it becomes easy to clear CA (final) or they can go for a B-school MBA (Finance) also. The global certifications also entertain the CA intermediate candidates.
What are the opportunities for CA Intermediate students in a foreign country?
The experience from companies with high net worth, client projects, and challenges with the projects make the resume of semi-qualified professionals as the experienced professional. So, when preparing the resume mentioning the article ship with detailed description attract the global companies. It is already known that CA intermediate is equivalent to graduation. CA Article ship is valued as the experience of the student after graduation. So, there are opportunities for CA intermediate students in foreign countries. There are specialized courses for working in foreign countries. Some colleges or universities in foreign countries expect the student to complete the GMAT or GRE.
Final Thoughts
In general, the top recruiters for Chartered accountants are KPMG, Deloitte, Standard chartered, Ernst & Young, Grant Thornton International, and BDO International. In every industry, there is an opening for high profile jobs and low profile jobs. The salary is the independent factor which depends upon the qualification and performance. The role of Chartered accountants in times of bankruptcy and disputes has become phenomenal. The job opportunity of chartered accountants has no boundaries and it works with all the types of industries.
If you have tried more than three attempts, then it makes you plunge from one course to another course. A failure is not a matter but age is the factor that becomes the base for the job profiles. So, deciding the right career path at the right age make the student as successful. CA Inter and MBA-Finance have a similar type of subjects. But both the courses are not identical as CA checks the intensive knowledge and MBA finance checks the managerial skills. CA Intermediate is the qualification that opens door to job opportunities and global certifications. Finally, the career path depends upon the interest of the student.
