CA Satish Jalan
We all aspire to become somebody in our life, and for that, we tend to work hard for it and that’s exactly what we should do because nothing comes the easy way and if it does, it may not be good enough.
In this blog, we will understand what are the best career options between CA, CMA, or CS, but the truth is that you can’t select the best of them because all three are the best.
The real question is what do you want to achieve and how much time are you willing to dedicate to get one of these three great qualifications?
The answer to select between them depends upon where you are standing in your life right now.
It is also important to know what suits you in studying, for example, you prefer to study more theory or more practicals (numerical) or you can study both.
It also depends on what career you are looking forward to after your degree (job, practice, business).
It also depends on your affordability to invest in monetary terms.
When you are evaluating CA, CMA, and CS you might have noticed a lot of similarities between these courses, which might have brought you to this article. Let me ease it out for you.
The job of CS is to look after and understand the compliance structure of the company. The job of CMA is to do a thorough study of Cost and Management Accounting and the job of CA is to work in the Finance, Auditing, and Tax department of the company.
Don’t hesitate or get confused, your cloud of doubts and multiple selection options will turn into one right decision after reading this blog, just hang on. We will understand all of the three now, one by one.
Who is a CA
CA’s are the rightful members of the Institute of Chartered Accountants of India (ICAI).
CA is an expert in Accounting, Finance, Auditing, Taxation, and Management.
Scope after CA
CA is challenging as a career that requires a lot of hard work but the wait is worth the title, respect, and the paychecks it brings to you.
CMA’s are the rightful members of the Institute of Cost Accountants of India (ICMAI).
CMA is an expert in costing, cost control, cost management, cost audit.
Scope after CMA
The students most prefer the CMA course for its passing percentage, placements, curriculum, ease of entry, and manageability with work.
Scope of a CS
Joining CS Course
If you start right after class 12, you may choose to study all three courses together as well. In a span of 6 years (maximum), it is also possible to pursue and complete all three degrees together. But, the idea is not to add multiple degrees after your name. The idea is to be a successful person, which is also possible if you have done one degree with full vigour and commitment. Whatever you choose, stay committed to your choice.
If you are a parent and are concerned for your child’s future after Class 12, I have a few words for you. Look, the concern is obvious, you can guide him/her to the options they have but let them decide themselves for what they want to choose because he/she completed Class 12 by commerce stream and knows what he/she is good at. Some are good with mathematics (practicals) and some are good with economics (theory). So, let them evaluate and choose the options on the table.
Still indecisive or have questions? Don't worry, get in touch with us and we can guide you through. Let us know your queries in the comments below.