02-05-2010, 10:34 PM
Dear Rafay321,
Although Schuaeb has replied against this post and your next post seems more logical , for readers i need to clarify some points in respect of middle east market
"<b>CA inter is not a qualifcation first of all"</b>
I strongly object this remarks,CA inter is a qualification , all passed intermediate received certificate from ICAP , the names of the passed students appeared in official Gazette of Pakistan.
Middle East especially UAE accepts this qualification and those having this qualification eligible to apply for Labour approval.[ for those who don't know the procedure please note that in UAE employers must first get Labour approval before applying employment visa. Ministry of Labour , has provided job titles ( codes) against which application can submit . They provided minimum qualification requirement for each job codes . Under finance /accounts they required graduation.]
<b>"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."
</b>
In any Country , if someone is hired from outside ( from another country) he is hired on the basis of experience only,i have never seen any company who hired outsiders only on the basis of qualification.
Within the degree awarding country , the situation always different , employers may hire someone for apprenticeship / training etc.
Further especially in UAE employers always go with experienced person. Experience person especially article ship completed candidate easily fit in the new environment because of his exposure with different environment during article-ship. In Middle-East generally they are hiring from outside the country. They will spend hefty amount of sum on visas / permissions . And all this for non-experienced person will not make sense.
They may hire workforce only because of certificate/ degree but 99% those employees are local(national) hired by local( owned by nationals) companies.
Situation may different in Firms but till they also consider some experience.
"<b>I work in EY in middle east and earn 15k being ACCA affiliate and 2 years experience. A CA inter having 13 years of experience gets 10k. Hope this clear things. Even a bachelor (4 yrs) in accounting here earns 18k after 3 years of experience.</b> "
Again you mixed up two markets i.e firm and industry... I can understand that Firm may pay more to ACCA affiliate in Middle east than to CA intermediate .
But this statement that in middle east Industry , merely bachelors are earning more than CA intermediate in nothing but to laugh .
May be you have one or more unique examples but as an employer why I prefer graduate although he has some 2-3 years experience over CA intermediate who must have 3 years experience with exposures to many clients / types of accounts etc etc.
<b>"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"</b>
At one time you are saying CA intermediate is not qualification whereas in the same post you are comparing graduates of IBA and LUMS with CA-Intermediate.
In my whole life I never met / or heard about a single CA student who joined ICAP for doing CA- Intermediate only.
Still I believe that If some one plan his education good even he unable to pass final examination of ICAP has more opportunities than IBA/LUMS finance /accounts graduates.
He has <u><b>MORE</b></u> opportunities not in Pakistan but outside Pakistan whether its Middle-east / UK or Canada.
Best Regards
<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.
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).
I work in EY in middle east and earn 15k being ACCA affiliate and 2 years experience. A CA inter having 13 years of experience gets 10k. Hope this clear things. Even a bachelor (4 yrs) in accounting here earns 18k after 3 years of experience.
10k is because he (Ca-Inter) has contacts otherwise his salary would not be more than 8k. Forget 8k he would not even have this job without his contacts. He is the ONLY CA-inter in this entire office, all service lines included.
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.
You can also become a manager if you show the mangerial skills and get a foreign qualification and earn upto 25k+. CPA/CA/CFA/ACCA/CIA/CMA/CISA any one is required in order for you to become a manager in your respective service line.
In assurance CA/CPA/CFA/ACCA, BRS CIA/CFSA/CCSA/ACCA, TSRS(It audit) CISA, TAS CFA/ACCA/CPA/CA. That's how it goes. You need a foreign qualification if you want to work as manager in middle east. Please don't come up with lame arguments that a lot of CAs from Pak is working as managers and senior managers. I can bet they have all completed a foreign qualification. They just might have not told you about it because of the "ICAP-CA" pride and ego they hold back at home.
So this gives you clear picture.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Although Schuaeb has replied against this post and your next post seems more logical , for readers i need to clarify some points in respect of middle east market
"<b>CA inter is not a qualifcation first of all"</b>
I strongly object this remarks,CA inter is a qualification , all passed intermediate received certificate from ICAP , the names of the passed students appeared in official Gazette of Pakistan.
Middle East especially UAE accepts this qualification and those having this qualification eligible to apply for Labour approval.[ for those who don't know the procedure please note that in UAE employers must first get Labour approval before applying employment visa. Ministry of Labour , has provided job titles ( codes) against which application can submit . They provided minimum qualification requirement for each job codes . Under finance /accounts they required graduation.]
<b>"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."
</b>
In any Country , if someone is hired from outside ( from another country) he is hired on the basis of experience only,i have never seen any company who hired outsiders only on the basis of qualification.
Within the degree awarding country , the situation always different , employers may hire someone for apprenticeship / training etc.
Further especially in UAE employers always go with experienced person. Experience person especially article ship completed candidate easily fit in the new environment because of his exposure with different environment during article-ship. In Middle-East generally they are hiring from outside the country. They will spend hefty amount of sum on visas / permissions . And all this for non-experienced person will not make sense.
They may hire workforce only because of certificate/ degree but 99% those employees are local(national) hired by local( owned by nationals) companies.
Situation may different in Firms but till they also consider some experience.
"<b>I work in EY in middle east and earn 15k being ACCA affiliate and 2 years experience. A CA inter having 13 years of experience gets 10k. Hope this clear things. Even a bachelor (4 yrs) in accounting here earns 18k after 3 years of experience.</b> "
Again you mixed up two markets i.e firm and industry... I can understand that Firm may pay more to ACCA affiliate in Middle east than to CA intermediate .
But this statement that in middle east Industry , merely bachelors are earning more than CA intermediate in nothing but to laugh .
May be you have one or more unique examples but as an employer why I prefer graduate although he has some 2-3 years experience over CA intermediate who must have 3 years experience with exposures to many clients / types of accounts etc etc.
<b>"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"</b>
At one time you are saying CA intermediate is not qualification whereas in the same post you are comparing graduates of IBA and LUMS with CA-Intermediate.
In my whole life I never met / or heard about a single CA student who joined ICAP for doing CA- Intermediate only.
Still I believe that If some one plan his education good even he unable to pass final examination of ICAP has more opportunities than IBA/LUMS finance /accounts graduates.
He has <u><b>MORE</b></u> opportunities not in Pakistan but outside Pakistan whether its Middle-east / UK or Canada.
Best Regards
<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.
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).
I work in EY in middle east and earn 15k being ACCA affiliate and 2 years experience. A CA inter having 13 years of experience gets 10k. Hope this clear things. Even a bachelor (4 yrs) in accounting here earns 18k after 3 years of experience.
10k is because he (Ca-Inter) has contacts otherwise his salary would not be more than 8k. Forget 8k he would not even have this job without his contacts. He is the ONLY CA-inter in this entire office, all service lines included.
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.
You can also become a manager if you show the mangerial skills and get a foreign qualification and earn upto 25k+. CPA/CA/CFA/ACCA/CIA/CMA/CISA any one is required in order for you to become a manager in your respective service line.
In assurance CA/CPA/CFA/ACCA, BRS CIA/CFSA/CCSA/ACCA, TSRS(It audit) CISA, TAS CFA/ACCA/CPA/CA. That's how it goes. You need a foreign qualification if you want to work as manager in middle east. Please don't come up with lame arguments that a lot of CAs from Pak is working as managers and senior managers. I can bet they have all completed a foreign qualification. They just might have not told you about it because of the "ICAP-CA" pride and ego they hold back at home.
So this gives you clear picture.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
