Chartered Accountancy is a highly sought for course in India, thanks to a myriad of job opportunities available after completion of the course. However, needless to say, there is no substitute for hard work and perseverance in this course. If you’re confused whether or not to pursue Chartered Accountancy, the following expert guidance will prove useful to you.
Interview with Mitesh Gandhi, who is a CA and is working with an Investment Bank.
Proschool : Why did you take up CA?
Mitesh : Introduction to Accounting in the first year of B.Com was the stepping-stone for my career advancement in the CA course. My interest in accounting and then finance made my decision very easy and the CA course was my first choice. One of the other reasons for taking up this course was to face the challenges that it promised. It is described as of the most challenging courses and I have always loved to face challenges. CA offers various career options ranging from practising to becoming the CFO of a company. It is, of course, one of the most respected degrees in India and is considered a ‘Noble profession’
Proschool : How tough is it? How many hours of study are required?
Mitesh : As a course, it is quite demanding and requires a lot of commitment and dedication from a candidate. It is very intense and throws the challenge of managing studies with work (articles). I would say it requires 12+ hours of studies as you move closer to the exam dates
Proschool : What was your study plan?
Mitesh : My strategy remained the same across all the 3 levels. I played to my strengths and tried my best to upscale my game in the other subjects. I always had a timetable for my study plan wherein I allocated time and number of days for each subject. It was made in such a way that I had enough time for revising all the subjects. Always remember, CA course is very vast. So I factored in a good amount of time for revision as well. Going through past papers is very helpful in getting yourself familiarized with the trend and pattern in which questions are framed. So, I solved papers as soon I completed reading the relevant subjects
Proschool : Challenges you faced?
Mitesh : Managing time was the biggest challenge I faced both prior to the exams and during the exams. During the exams, it becomes all the more important because at times the paper can be tough or lengthy or both. Articleship is a very interesting 3-year stint that the CA course offers. During the articles, a lot of challenging situations came my way because firstly, that was my first ever exposure to the corporate world and secondly, a practical approach to the profession was something very interesting and different from the academic setup that I was used to
Proschool : How has it helped you?
Mitesh : My accounting and finance fundamentals are very strong thanks to a structured approach to learning these concepts through the course. I have a fair idea of all the taxation rules and policies across the country. Most importantly, it has helped me live my dream of becoming an ‘Investment Banker’