01-31-2010, 08:41 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rafay321</i>
<br />CA inter is not a qualifcation first of all. If ICAP wants it can make CA-inter earn 100k Rs in Pakistan since its their playground and they are the mafia there.
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Rafay I second your opinion that CA Inter is not a qualification, and CA Inters should primarily be looking to complete their qualification. Would that what you have said was correct (earning 100k), but unfortunately situation is not like this. Pakistani economy has not much to offer especially to part qualified accountants, plus a lot of competition especially by the plethora of ACCA affiliates in the market has made the situation more difficult.
ICAP should be given the credit for the way it has integrated professional qualification with rigorous training that has enabled partly qualified professionals to have a somewhat respectable career. In Pakistani market CA inters (training completed) are getting Rs. 30 to 35K without references. Those with a strong reference can earn reasonably more. If we go two years back professional with similar qualifications were more in demand earning better.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rafay321</i>
Outside Pak CA-Inter is nothing and normally those who work as CA-inters are hired because of their years of experience only. They are called qualified by experience. In Pak i have seen both jobless and employed CA-inters. You will be offered 40k MAX based on your experience only. Now if you have 10 years of experience or 3 years of aricleship experience, both CA inters will not exceed above 40k in their career (if you call this a career in first place).
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Once again you are right that the Pakistani professionals are not highly in demand in other parts of world and Gulf may be amongst those place where they are somewhat in demand. However, we do not look into the reasons for this. What would have been the situation if CA-ICAP was an American certification and CPA or ACCA were local qualifications? I don't think anyone may have any logic to disagree that in that situation ICAP professional would have been earning much better as compared to others. We are unfortunate the internationally our local qualification are not given the respect they deserve. This not only is limited to the field of accountancy, our doctors or engineers no matter how well versed they are with their profession are never treated equal to foreign qualified professionals. The reasons for this is the image our country has internationally and the bias against the East. No one I think can argue that the value of an ICAP professional is less than CPA or ICAEW on the basis of professional knowledge in any part of the word. CPA is amongst the accountancy qualifications with highest worth in Gulf. The prime reason is that its an American qualification.
I will give full marks to our institute that it has enabled its members to be professionally at par with an of the accountancy professionals around the globe. It can be evidenced by the fact that ICAP professional do not struggle while their pursuit of any other foreign qualification like CPA or ICAEW in order to better equip themselves with a requirements of a particular country.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rafay321</i>
I work in EY in middle east and earn 15k being ACCA affiliate and 2 years experience.
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Awesome! 15K being an ACCA affiliate with 2 year of experience in middle east (you didn't mention the country or currency) is really good. I remember somewhere you mentioned last year on this forum that you were in Pakistan and searching for training. So two years experience within one year and good salary show that you are a sound professional. My colleagues (ACCA affiliates) who moved to Middle East during the last one year are earning in the range of UED 3.5K to 6k.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rafay321</i>
Its better to get a 4 yrs bechelors degree from IBA or LUMS in business management/accounting/economics than this "CA-inter". You will be hired from the entry level position and earn 8k in middle east. In 3 years you will be AM atleast getting 18k.
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The institutes you named are amongst the best in their line of education in Pakistan are do have international recognition as well. Their professionals are in demand in Pakistan and may be in other parts of the world.
This never means to get into any futile debate of comparing qualifications, as is the case on a number of threads on this forum. The only reason that I replied to your post is that some of the facts mentioned by you were misleading and needed rectification. Hopefully, you will take things positively.
Meanwhile, I like to know your opinion about which country is more advisable for an accounts professional, KSA, Abu Dhabi, Dubai or others? What according to your opinion is the worth of Certified Internal Auditor in Middle East.
Regards
Shoaib
<br />CA inter is not a qualifcation first of all. If ICAP wants it can make CA-inter earn 100k Rs in Pakistan since its their playground and they are the mafia there.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Rafay I second your opinion that CA Inter is not a qualification, and CA Inters should primarily be looking to complete their qualification. Would that what you have said was correct (earning 100k), but unfortunately situation is not like this. Pakistani economy has not much to offer especially to part qualified accountants, plus a lot of competition especially by the plethora of ACCA affiliates in the market has made the situation more difficult.
ICAP should be given the credit for the way it has integrated professional qualification with rigorous training that has enabled partly qualified professionals to have a somewhat respectable career. In Pakistani market CA inters (training completed) are getting Rs. 30 to 35K without references. Those with a strong reference can earn reasonably more. If we go two years back professional with similar qualifications were more in demand earning better.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rafay321</i>
Outside Pak CA-Inter is nothing and normally those who work as CA-inters are hired because of their years of experience only. They are called qualified by experience. In Pak i have seen both jobless and employed CA-inters. You will be offered 40k MAX based on your experience only. Now if you have 10 years of experience or 3 years of aricleship experience, both CA inters will not exceed above 40k in their career (if you call this a career in first place).
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Once again you are right that the Pakistani professionals are not highly in demand in other parts of world and Gulf may be amongst those place where they are somewhat in demand. However, we do not look into the reasons for this. What would have been the situation if CA-ICAP was an American certification and CPA or ACCA were local qualifications? I don't think anyone may have any logic to disagree that in that situation ICAP professional would have been earning much better as compared to others. We are unfortunate the internationally our local qualification are not given the respect they deserve. This not only is limited to the field of accountancy, our doctors or engineers no matter how well versed they are with their profession are never treated equal to foreign qualified professionals. The reasons for this is the image our country has internationally and the bias against the East. No one I think can argue that the value of an ICAP professional is less than CPA or ICAEW on the basis of professional knowledge in any part of the word. CPA is amongst the accountancy qualifications with highest worth in Gulf. The prime reason is that its an American qualification.
I will give full marks to our institute that it has enabled its members to be professionally at par with an of the accountancy professionals around the globe. It can be evidenced by the fact that ICAP professional do not struggle while their pursuit of any other foreign qualification like CPA or ICAEW in order to better equip themselves with a requirements of a particular country.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rafay321</i>
I work in EY in middle east and earn 15k being ACCA affiliate and 2 years experience.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Awesome! 15K being an ACCA affiliate with 2 year of experience in middle east (you didn't mention the country or currency) is really good. I remember somewhere you mentioned last year on this forum that you were in Pakistan and searching for training. So two years experience within one year and good salary show that you are a sound professional. My colleagues (ACCA affiliates) who moved to Middle East during the last one year are earning in the range of UED 3.5K to 6k.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rafay321</i>
Its better to get a 4 yrs bechelors degree from IBA or LUMS in business management/accounting/economics than this "CA-inter". You will be hired from the entry level position and earn 8k in middle east. In 3 years you will be AM atleast getting 18k.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
The institutes you named are amongst the best in their line of education in Pakistan are do have international recognition as well. Their professionals are in demand in Pakistan and may be in other parts of the world.
This never means to get into any futile debate of comparing qualifications, as is the case on a number of threads on this forum. The only reason that I replied to your post is that some of the facts mentioned by you were misleading and needed rectification. Hopefully, you will take things positively.
Meanwhile, I like to know your opinion about which country is more advisable for an accounts professional, KSA, Abu Dhabi, Dubai or others? What according to your opinion is the worth of Certified Internal Auditor in Middle East.
Regards
Shoaib
