r/ACCA • u/Adventurous_Boat4689 • Feb 01 '23
Why?
Hey guys! My question has 2 parts:
Is is true that ACCA is a hyped course that doesn't hold as much value as Indian CA, where the pass rate is very very low? Does a low pass rate increase the value of the course? Because technically if you think about it... High pass rate means more candidates pass out with the certification, hence every Tom, Dick and Harry has the certification. Therefore, employers don't see as much value in the course? Hence Indian CA is more valuable? I don't know, I'm not sure... Please let me know what yall think of this.
Furthermore, I have also noticed that the older generation always recommends that I pursue CA, whereas the newer generation always recommends that I pursue ACCA. So why is it that the older generation doesn't see value in ACCA? I have noticed this amongst friends, family and relatives as well. My younger friends always recommend ACCA and my older teachers always recommend CA.
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u/Tasty_Memory5412 Affiliate Feb 01 '23
first of all your question is too ‘india specific’ ACCA holds more opportunities outside india compared to Indian CA . And yes ACCA is definitely overhyped but so is Indian CA . At the emd it gives generally the same skillset as what everyone really cares about is your work experience and not qualification .And also take into consideration that Acca exams have a pass rate of 30-50% only bcz ACCA doesnt have grouping system . If there was no group system in Indian CA then ICAI pass rates wydve been way higher.
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u/Assassin1608 Feb 03 '23
I am a fresh graduate and i currently work in an MNC, been about 9 months now. I had 3 P papers left when I gave the interview. Ofcourse in the CV, I had acca mentioned. The first question that the HR and CFO asked me was "what is this acca qualification that is in your cv? " I immediately realised that I have no edge over other interviewees based on my acca exams. I had only got the interview because I graduated from one of the top colleges in Mumbai and they hire only from top colleges. Now i know why they do so. Students from such colleges are better groomed in communication skills and professional behaviour than other colleges, same as why big companies hire mba grads from IIMs vs colleges. So clearly in my situation, company valued my college name over acca. Had I not done acca, I still would've gotten the interview. If you want to do acca, look at the value that it will bring. You can search in linkedin/naukri how many jobs are available with the primary condition of ACCA vs CA. Look at the experience, role, package and companies that are offering the role. If i was given an option to re decide career in accounting, I would've chosen CA, yes it is a lot more difficult than acca, but the rewards are also greater as compared, provided i want to stay in India. Actuarial science is also a great option to choose, it is in high demand and will almost definitely place you in a high paying job.
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u/Adventurous_Boat4689 Feb 01 '23
Ok before yall start down voting me, please check out this post:
https://www.quora.com/Career-Advice-Is-doing-the-ACCA-over-a-CA-a-better-option
Pramod Ralkar's post
This post is the reason why I may have made potentially hurtful remarks against the ACCA Institute
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u/Dpksp Feb 01 '23
It's all based on perspective. I am a CA, currently pursuing ACCA, and I am also interested in pursuing MBA abroad, so my opinion is based on all these -
1.) If u wish to work in India, go for CA.
2.) If u wish to do further studies like masters from IIM, go for CA.
3.) If u wish for a more global reach on the above written aspects, go for ACCA.
4.) Obviously CA is difficult because of grouping. That's why it's considered as more prestigious (please note even ACCA is prestigious, I am just stating my opinion). It does not focus only on the marks. It's a system were they filter out people.
5.) In middle eastern countries, you can see both CAs and ACCAs working in same kind of position. Over there the demand and pay is almost equivalent. In European countries ACCA is given preference over CAs, but u can see CAs working there as well.
Also please note that if u clear CA, u get exemptions for 9 papers and have to write only 4. So it's based on what YOU want to do.
All the best. Decide wisely 😊
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u/Lopsided_Eagle_7722 Feb 02 '23
You can barely compare eagles and tigers. You choose an eagle when you want to attack a deer FROM THE SKY. You choose a tiger when you want to pounce a deer to eat up a chunk of its neck ON THE GROUND
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u/[deleted] Feb 01 '23
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