10-27-2004, 01:36 PM
Hi guys,
AOA
Yesterday, I had a constructive argument with a friend on the future of CA qualification in Pakistan. My friend was of the view that the scope for CA would decrease in the future, whereas I beleived that ICAP wont let that happen ! But his arguments got me thinking.....
He argued that we Pakistan's have the habit of saturating fields. In 1996 (8 yrs back) for example, there was considerable demand & scope for an IT professional. If there were 100 jobs available, there were just 10 people to fill them. Thus, employers were prepared to pay these IT professionals high salaries. But as time flew, more & more people joined ranks to become "IT" professionals....resulting in OVER-saturation of the job market. Today, just 8 yrs after, an IT professional can hardly earn a small portion of the salary he could have earned in 1996. Similarly, throughout our history we have seen saturation in MEDICAL, ENGINEERING etc at some poing of time.
Can this sort of saturation happen in CA too? I have heard that ICAP only passes as much CA's as needed by the job market. But increasingly, I see more & more "talented & hardworking" people opting to do CA. Lets assume, that the ICAP exam hall after 10 yrs...was filled by 500 such students who do the paper so well that it was impossible for ICAP to fail them "fairly".
What will ICAP do then ? Pass just 200 people based on Demand or all 500 ?
Thus, is it wise for someone to go for studying CA now ?
AvgJoe
AOA
Yesterday, I had a constructive argument with a friend on the future of CA qualification in Pakistan. My friend was of the view that the scope for CA would decrease in the future, whereas I beleived that ICAP wont let that happen ! But his arguments got me thinking.....
He argued that we Pakistan's have the habit of saturating fields. In 1996 (8 yrs back) for example, there was considerable demand & scope for an IT professional. If there were 100 jobs available, there were just 10 people to fill them. Thus, employers were prepared to pay these IT professionals high salaries. But as time flew, more & more people joined ranks to become "IT" professionals....resulting in OVER-saturation of the job market. Today, just 8 yrs after, an IT professional can hardly earn a small portion of the salary he could have earned in 1996. Similarly, throughout our history we have seen saturation in MEDICAL, ENGINEERING etc at some poing of time.
Can this sort of saturation happen in CA too? I have heard that ICAP only passes as much CA's as needed by the job market. But increasingly, I see more & more "talented & hardworking" people opting to do CA. Lets assume, that the ICAP exam hall after 10 yrs...was filled by 500 such students who do the paper so well that it was impossible for ICAP to fail them "fairly".
What will ICAP do then ? Pass just 200 people based on Demand or all 500 ?
Thus, is it wise for someone to go for studying CA now ?
AvgJoe
