Dear Sir,
I am may 2019 attempt pass out CA, I have been in firm where I have done GST annual return filing and audits, from february 2021 I have joined as credit manager (Home Loan) in AU Small Finance Bank, now neither I want to continue here nor I want move into accounting, auditing and taxation as I feel work in these fields will soon be automatize and good career opportunities wouldn’t be available there, I also feel that being in compliance job won’t make me get that much money as being into finance job, please guide what should I do.
Hi Deepesh,
First of all, let me tell u it is absolutely fine to feel the way ur feeling and I can tell you from my experience that every one in their own career goes through this phase
But recognising it and doing something abt is the step in right direction. So well done on that front
Now coming to ur question, see any Job that you Start afresh will have some mundane n repetitive task for intial few years (though vary from industry to industry) because ur in the learning phase n the organisation don’t want to burden you with decision making
But yes once u pass that phase you will start getting more responsibility n decision making authority
Bigger the organisation slower the pace that is why many people like joining startup
So u will have to be patient, ur career is not a race but a marathon
However if u don’t like the profile completely or the work environment is not good moving on is always the better option
If u don’t want to work on accounting n Compliance probably u can try for consulting roles that big 4 offers or many other organisations as well
Few of interesting n rewarding areas that I can recommend for you would be fornesic accounting, transaction advisory n due delligence this are the areas well with in the reach of CHARTERED ACCOUNTANT
Additionally you may think of doing a MBA from top tier institute like IIM’S
Or else u can also gave a thought abt CFA or FRM as well this might give you the diversification that ur looking for in the role n take u away from accounting n Compliance
Having said all of it, I would personal sugg st to to think what u would enjoy doing if u didn’t had to think abt money that is were ur passion lies. However doing the introspection also require lot of effort
Whatever u decide give ur best effort to it
Wishing you all the very best for your future endeavours
Dear Sir,
Thank you so much for replying to my question and giving me clarity to some extent,
Can you please tell me what one can do after pursuing CFA and are there any jobs available in those fields (for Chartered Accountants) where I can get experience of what has to be done after doing CFA because If (before I started pursuing CA), I would have known what does a CA do I might have not done CA, so I don’t want to repeat that mistake again. what are the skills that I need to learn to get into it. I just want to experience the work that I am supposed to do after doing CFA before start pursuing CFA.
Hi Deepesh,
I think CA is great course because it exposes u to areas where no other courses can do it touches upon every aspect of business except the mgt aspect of it, which is also their to some extent
See CFA if I have to put in simple words is completely abt capital market or stock market as one commonly says after doing CFA following paths opens for you
Trading
Protfolio Mgt
Research
Invt Advisory
Thinking out of box u may start a YouTube channel helping people with their finances
Honestly u can do all of it just being CA but having CFA definitely adds lot of Value n credibility to ur CV especially when u r looking for a Job
But again the starting here will also be tedious, repetitive as we discussed earlier the same rule applies if u go for Job
Best thing is always to start something on ur own may be practise very hard in intial period but very rewarding in long term
See one course done to its potential is enough to make a career for you
So it’s not abt having too many courses under ur name but the right intent n positive outlook towards life that will make u a great career
So, how can I get knowledge and skills needed for those areas without pursuing CFA as I never had any experience in that.
Again degree is no measure of success they have a limited role to play
They give u knowledge in structured way that its
U can get the some knowledge im different way all one is required is zeal to learn
Probably u can pick few books to learn more abt these area
Just to share with you mostly the biggest investor n fund manager in India happen to be Chartered Accountant like Rakesh Jhunjhunwala, Ramdeo Agarwal & Nilesh Shah just to name few
Zerodha founder Nithin Kamath is an engineer
So I feel you know enough and probably next thing to do is focus n implement/Put in action what u already know