Frequently Asked Questions
Disclaimer - All of the below responses to FAQs are our personal opinion and a student should do thorough research before making a decision. However, we would be glad to help you in this endeavour.
Q: Who should pursue CA?
Students who are interested in pursuing a career in accounting, taxation or audit. An ideal combination is CA with Bachelors/Masters in law, CA with CMA-India or CA alone is sufficient. Most of CAs pursue further global education such as CFA(USA), FRM(USA), DISA(IS Audit) depending on their line of interest.
Q: Who should pursue CMA-India?
Students who are interested in pursuing a career in costing, budgeting, and financial analysis. An ideal combination is CMA-India with Bachelors/Masters in law, CMA with CA or CMA-India alone is sufficient.
Q: I am from science background, which course should I pursue (CA/CMA/CS)?
Students who are from mathematics/statistics background would find CMA-India or CA better suitable in the world of finance as most of the subjects are numerical/technical in nature vis-a-vis Company Secretary course which requires law, theory and interpretation skills. If you are from biology background and interested to pursue a career in finance/accounting/law - would suggest CS as better option.
Q: After CA/CMA/CS, is it necessary to pursue an MBA or any Post-graduation?
Budget and future career aspirations matter a lot before one decides to pursue MBA after qualifying CA/CMA/CS. However, there are advantages of pursuing post-graduation especially MBA even after qualifying these courses, as detailed below -
- If you want to pursue a PhD at a later date, post-graduation is a must
- Indian and global corporate prefer to hire MBAs with CA/CMA/CS
- Post-graduation especially MBA after these qualifications opens the door to unexplored territories, of course, all said and done a lot depends on where you are pursuing MBA from.
Q: What is the meaning of practice/practising as a Chartered Accountant or Cost Accountant or Company Secretary?
After successfully qualifying the exams of CA/CMA-India/CS, an individual can apply to the respective institution for a certificate of practice(COP). Once approved, they can start their own set up and accept assignments on behalf of their clients. As a CA, post COP one can take up internal/external audits of corporate, attest or provide certificates, conduct due diligence. Similarly, a cost accountant, post COP can undertake cost audits of manufacutring concerns, attest, etc while a company secretary post COP, can undertake filings of board resolutions, financial statements of corporate to registrar of companies governed by MCA (Ministry of Corporate Affairs).
Q: Who should pursue FRM-USA?
Students or working professionals interested in pursuing a career in financial risk, credit risk, treasury and other similar risk management roles.
Q: What is the eligibility to pursue FRM-USA?
Students with valid passport and who are in final year of graduation or above are eligible to pursue FRM-USA.
Q: What is the earliest time-frame to clear FRM-USA?
You can become FRM in less than six months. However, for that your preparation should be with full focus or prior experience in the field of risk management will definitely augment your preparation, though not a necessity.
Q: Can I write both level-I and level-II of FRM-USA on a single day?
Yes, you can write both FRM level-I and level-II on a single day; however you have to clear level-I exam compulsorily otherwise level-II paper is not even considered, which means one has to clear level-I before clearing level-II.
Q: Is FRM-USA sufficient or should I also pursue CFA-USA or any other course?
Both FRM and CFA are very strong credentials and we suggest if you are from quant background you'll find FRM relatively easier and for those who are looking at a career in investment banking should pursue CFA-USA. However, most of students pursue both these credentials to strengthen their overall understanding of finance and related analytics, equity/commodity markets, private equity and risk management.
Q: Who should pursue CFA-USA?
Students or working professionals interested in pursuing a career in investment or portfolio management, financial analysis, equity research or quant trading.
Q: What is the eligibility to pursue CFA-USA?
Students with valid passport and who are in final year of graduation or above are eligible to pursue CFA-USA.
Q: When can I write Level-I, II and III of CFA-USA?
While Level-1 of CFA-USA is offered during June and December window every year, Level-II and Level-III are offered only during June window.
Q: What is the earliest duration to clear CFA-USA?
If you are successfully clearing Level-1 of CFA-USA during December window this year, next year you can aim at Level-II in June and a year later in June again for Level-III. In total, earliest would be 2-2.5 years including preparation, registration, etc.
Q: Who should pursue CMA-USA?
Students after 12th standard (K-12) or working professionals interested in pursuing a career in management accounting and decision making and are not much interested in hardcore accounting. Also, CMA-USA is suitable for those who do not want to spend much of their time in obtaining a qualification as CMA-USA comprises only two papers and one with sincere efforts can become a CMA-USA in less than six months. An ideal combination is CMA-USA with engineering, commerce or accounting backgrounds.
Q: Can a CMA-USA practice in India?
CMA-USA can practice only within the United States of America and not elsewhere. However, one can continue to be a member of IMA and work in corporate in any country including India.
Q: Can I write part-II first and later part-I of CMA-USA?
Yes, you can take up either of part-I or part-II whichever you want to take up first.
Q: Can I write both part-I and part-II of CMA-USA on the same day?
Q: Do I need to take both part-I and part-II in the same exam window of CMA-USA?
Q: Who should pursue CISA?
Students or working professionals interested in pursuing a career in information security, data security, cyber security audits, IT consulting can consider pursuing CISA.
Q: What is the eligibility to appear for CISA exam?
Students after 12th standard (K-12) are eligible to write CISA exam.