06-25-2007, 02:26 AM
Honestly speaking, a qualification is the platform to entering professional life on a good starting basis...
I honestly dont see any comparison between CFA and MBA. MBA may be a mile wide but only a foot deep. CFA may be a foot wide but really, when it comes to investment valuation you really cant go any deeper than that.
CFA is more of a specialization and an addition to you CV rather than simply a standalone career choice.
Lastly, MFAHR, if you are an HR consultant, you need to study on some factual issues before going around making wide assumptions. ACCA really doesnt need ICAP's approval for its 'success'. It needs a hardworking and intelligent member base in Pakistan which should be more aware of the profession, but unfortunately, it does not have any as such.
Market being saturated by ACCA's? As of time of writing, there are only about 500-800 fully qualified ACCA members in Pakistan. About 130-150 affiliates pass out every bi-annual attempt, but only 5-10% are admitted to membership, because only a few satisfy the criteria, and even fewer know about ACCA's membership requirements. I have heard that ACCA's new scheme has more subject integration and a curriculum based around discussion and debate rather than just technical issues and 'MATHUDZZ'. This will automatically make passing even harder, given the poor ability of most Pakistani students at discursive questions going for substance than just regurgitation. (Most people simply dont have any idea what is the difference between a qualified ACCA and someone who is just an ACCA Affiliate)
Compare that to about 100-150 ICAP passouts on every attempt, 95%+ of whom are instantly admitted to membership since they usually have their training far behind them by the time they manage to pass their exams. This creates a sizable community of nearly 4000 members who are old and mature enough to be aware of their professional needs and dictate the profession in the country, which simply does not give a fledgling institute like ACCA (with its poor efforts to create awareness among its stakeholders/students) any chance at all.
If you are simply trying to 'degrade' ACCA by attempting to quote rumors about ICAP withdrawing exemptions, there are better ways to do so. An institute is represented by its members and their professional standing, so heres a hint to go about. (ACCA is only about a decade old in Pakistan, so I suggest you cut it some slack)
I personally feel that ICAP should withdraw even PPT exemption to ACCA students. This will make ACCA students struggle harder in professional life and also destroy the business plan of these lame coaching institutions which have made ACCA simply part of their student brainwashing schemes into collecting the maximum degrees in the minimum time possible.
PS Please dont use this topic to discuss ACCA vs CA any more. There are enough topics to go about.
I honestly dont see any comparison between CFA and MBA. MBA may be a mile wide but only a foot deep. CFA may be a foot wide but really, when it comes to investment valuation you really cant go any deeper than that.
CFA is more of a specialization and an addition to you CV rather than simply a standalone career choice.
Lastly, MFAHR, if you are an HR consultant, you need to study on some factual issues before going around making wide assumptions. ACCA really doesnt need ICAP's approval for its 'success'. It needs a hardworking and intelligent member base in Pakistan which should be more aware of the profession, but unfortunately, it does not have any as such.
Market being saturated by ACCA's? As of time of writing, there are only about 500-800 fully qualified ACCA members in Pakistan. About 130-150 affiliates pass out every bi-annual attempt, but only 5-10% are admitted to membership, because only a few satisfy the criteria, and even fewer know about ACCA's membership requirements. I have heard that ACCA's new scheme has more subject integration and a curriculum based around discussion and debate rather than just technical issues and 'MATHUDZZ'. This will automatically make passing even harder, given the poor ability of most Pakistani students at discursive questions going for substance than just regurgitation. (Most people simply dont have any idea what is the difference between a qualified ACCA and someone who is just an ACCA Affiliate)
Compare that to about 100-150 ICAP passouts on every attempt, 95%+ of whom are instantly admitted to membership since they usually have their training far behind them by the time they manage to pass their exams. This creates a sizable community of nearly 4000 members who are old and mature enough to be aware of their professional needs and dictate the profession in the country, which simply does not give a fledgling institute like ACCA (with its poor efforts to create awareness among its stakeholders/students) any chance at all.
If you are simply trying to 'degrade' ACCA by attempting to quote rumors about ICAP withdrawing exemptions, there are better ways to do so. An institute is represented by its members and their professional standing, so heres a hint to go about. (ACCA is only about a decade old in Pakistan, so I suggest you cut it some slack)
I personally feel that ICAP should withdraw even PPT exemption to ACCA students. This will make ACCA students struggle harder in professional life and also destroy the business plan of these lame coaching institutions which have made ACCA simply part of their student brainwashing schemes into collecting the maximum degrees in the minimum time possible.
PS Please dont use this topic to discuss ACCA vs CA any more. There are enough topics to go about.
