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Poll : Does CIMA, UK qualification add value

Poll : Does pursuing CIMA, UK qualification add value to a member of ICWAI, India ? Vote on the poll and share your thoughts by commenting the blog.


Poll: Vote here

I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting.

However if you pursue qualification like Company Secretary or CPA or ACCA, your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills.

Which one promotes you as professional better against your name:
  • AICWA, ACMA
  • or AICWA, ACS
  • or AICWA, CPA
  • or AICWA, ACCA





Regards,

Santosh Puthran

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Comments

cmasunil said…
Even I would like to know the same thing. Plz suggest me
Santosh Puthran said…
Hi Sunil,

I added this comment later on

I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting.

However if you pursue qualification like Company Secretary or CPA or ACCA, your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills.

Which one promotes you as professional better against your name:

* AICWA, ACMA
* or AICWA, ACS
* or AICWA, CPA
* or AICWA, ACCA

Cheers,
Santosh
guru said…
Dear All,

With regard to "CIMA Special Fee Scheme for CA & ICWA" I agree totally with Santosh Puthran. His posting has made my posting quite
redundant as those very reasons that he has given are those that I
too feel quite strongly.

But the very posting is only just to reiterate once again the same thoughts. Thoughts that are reiterated bring in better understanding or atleast provoke series of thoughts regarding the topic of discussion. Hence the post.


1.CIMA doesnt add intellectual ingenuity , If you are already
qualified from ICWAI.

2.ICWAI and CIMA build imilar/same competencies (but average/ordinary Indians always beleive in the Superiority of anything that comes from the West).Therefore any member of ICWAI pursuing a course in CIMA will only lead to redundant knowlege.

3. The best thing to pursue (if one were to pursue a course which
is similar to their profession)would be a CPA from AICPA or CA
from CA Australia or CA from ICAEW UK.

4.I favour a foreign qualification in compliance management(likes of CA in India) because having developed ManagementDecision Making
MDM skills and compliance management skills from ICWAI it is ideal to take a course that would make you aware of foreign economic
laws for compliance. This will perhaps boost one's career prospects abroad.

Regards,

Gururajan C.K.
cmasunil said…
As most of the students are thinking in same way as I did.
Even I want to pursue CIMA before reading to ur mails. But now I came
to know the really value of our profession & as both of you pointed
the reasons why most the profession now days are looking for
upgrade.Thanks a lot to both. I forward the message to all those my
friends who wants to pursue CIMA just b'coz CWA was not got rightly
recognized by the Industry. I will to do my part to promote our
profession. This my promise.
satya said…
All that said above is B******T. CIMA is a great qualification to add on ICWAI which boosts your employment opportunities overseas while being light on your pocket...and after ICWAI it is quite easy as the syllabus is very similar....so what else do you want....
satya said…
All that said above is B******T. CIMA is a great qualification to add on ICWAI which boosts your employment opportunities overseas while being light on your pocket...and after ICWAI it is quite easy as the syllabus is very similar....so what else do you want....
Santosh Puthran said…
Satya,

The discussion is not about CIMA. CIMA qualification by itself is a good qualification and widely recognised.

The point here that is discussed is whether CIMA adds any additional skills to an ICWAI member or improve his prospects on practise.

There are choices like ACCA, CPA would suit better if he wants to go abroad or CS/MBA if he wants to further his career in India.

Regards,

Santosh Puthran
CIMA is a globally recoganised qualifcation so if any CWA want to go abroad she/he should acquire this, as it will not be difficult for her/him to complete CMA as syllabus is almost same. But as far as knowledge is concerned if you study ICWAI course deeply and not just for passing the exams, you will find how deep knowledge an ICWAI student can acquire.....same with all CA/CS/CIMA/OTHER professions. Knowledgeable ICWA always been good demand in India.

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