10-17-2004, 12:43 AM
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salaam all,
dear mr. amjad_736, i reply u in order
1. why have u done CIMA (INTER)
ANS CIMA (Inter) means tht mr. ehrar has passed the second level of CIMA qualification tht is called INTERMEDIATE.
3. i m not familiar with IBP.
ANS IBP means Institute of Bankers Assoc. of Pakistan. it is a pakistani body. many bankers, specially senior ones, r its mmbrs. it is one of the key qualifications to succeed in banking sector.
4. FARHAN BAHI SAID I WILL HAVE TO SACRIFICE ONE OF MY OPTIONS i.e. BANKING &FINANCE or CA, Y IT IS SOO CANT I DO BOTH OF THEM I HAVE UNDERSTOOD THAT THESE R 2 DIFFERENT THINGS BUT I WANT TO DO CIMA bcz it is an international qualification .
ANS dear, CA is a different ball game. it is the leading n most powerful qualification in corporate world, but not good for banking (or financial sector broadly). every business has at least two aspects. one is its core operating wing, second is its administration n control tht includes its audits, taxation, legal affairs, dealing with govt agencies etc. CA will b good for second wing only. u will find them working in tax, audit, dalings with external audit firms, CBR, etc. but CAs r not good in operating wings of financial institutes eg, hard core banking principles, investment mgmt, portfolio analysis, managing the treasuries, mutual funds, leasing affairs, insurance matters etc. these fields themselve need their respective specializations. eg, ACII for insurance, CFA for invsetment mgmt, n portfolio, diploma of IBP for consumer banking etc.
so it will b not wise to do CA n finance simultaneously. u shall end up having ur feet in different boats. none of these complement the other.
same is the case for ACCA, CIMA, ACMA. these r leaders of corporate world mainly. they ve limitations in financial sector. these r very powerful qualifications but cannot b utilized fully in financial institutions.
5. farhan bahi said that CA will take 6-7 years , my plan is to do BANKING AND FINANCE along with CIMA IN the first 3years and then do CA or acma ,i think only then i will be offerd a good job otherwise i dont want to be an cashier in a bank .
ANS i think the answer to preceding question will sufic here too. CIMA/ACCA/ACA/ACMA will b mainly good for companies. u will b paid good salaries also. but in banks, do not think for it. instead, do wht is good for this sector. ie CFA/IBP/finance/economics etc
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FARHAN
live, n let live ...
salaam all,
dear mr. amjad_736, i reply u in order
1. why have u done CIMA (INTER)
ANS CIMA (Inter) means tht mr. ehrar has passed the second level of CIMA qualification tht is called INTERMEDIATE.
3. i m not familiar with IBP.
ANS IBP means Institute of Bankers Assoc. of Pakistan. it is a pakistani body. many bankers, specially senior ones, r its mmbrs. it is one of the key qualifications to succeed in banking sector.
4. FARHAN BAHI SAID I WILL HAVE TO SACRIFICE ONE OF MY OPTIONS i.e. BANKING &FINANCE or CA, Y IT IS SOO CANT I DO BOTH OF THEM I HAVE UNDERSTOOD THAT THESE R 2 DIFFERENT THINGS BUT I WANT TO DO CIMA bcz it is an international qualification .
ANS dear, CA is a different ball game. it is the leading n most powerful qualification in corporate world, but not good for banking (or financial sector broadly). every business has at least two aspects. one is its core operating wing, second is its administration n control tht includes its audits, taxation, legal affairs, dealing with govt agencies etc. CA will b good for second wing only. u will find them working in tax, audit, dalings with external audit firms, CBR, etc. but CAs r not good in operating wings of financial institutes eg, hard core banking principles, investment mgmt, portfolio analysis, managing the treasuries, mutual funds, leasing affairs, insurance matters etc. these fields themselve need their respective specializations. eg, ACII for insurance, CFA for invsetment mgmt, n portfolio, diploma of IBP for consumer banking etc.
so it will b not wise to do CA n finance simultaneously. u shall end up having ur feet in different boats. none of these complement the other.
same is the case for ACCA, CIMA, ACMA. these r leaders of corporate world mainly. they ve limitations in financial sector. these r very powerful qualifications but cannot b utilized fully in financial institutions.
5. farhan bahi said that CA will take 6-7 years , my plan is to do BANKING AND FINANCE along with CIMA IN the first 3years and then do CA or acma ,i think only then i will be offerd a good job otherwise i dont want to be an cashier in a bank .
ANS i think the answer to preceding question will sufic here too. CIMA/ACCA/ACA/ACMA will b mainly good for companies. u will b paid good salaries also. but in banks, do not think for it. instead, do wht is good for this sector. ie CFA/IBP/finance/economics etc
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FARHAN
live, n let live ...
