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Chartered Accountants of India and Pakistan

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New post 14 Mar 2019, 06:06
Does undergraduate study affect MBA applications in the case of High-school to CA field Indian and Pakistani Chartered Accountants?
Let's say there's a person who joined the Chartered Accountancy qualification right after high-school. Now, in India and Pakistan there are 3 ways to join the CA field. The two ways irrelevant to this discussion are after Undergrad and after Grad university degree. The one we are talking about here is the pathway through which after their high-school exams, students can directly join the CA course in which 2 years are reserved just for examinations and 3/3.5 years are reserved just for article-ships/apprenticeships with business or accounting companies and firms (like the Big 4 auditing; PWC, Deloitte, EY and KPMG). In this pathway all is fine except the fact that the students don't study in universities but rather study in accounting independent colleges and/or by themselves. Ultimately, this means that the students will never have GPAs of any sort whatsoever.
My main question is; If a chartered accountant who has entered their field through the above pathway applies to a top B-School(Stanford, Harvard, Wharton) when they for example have a 730 GMAT,4 years of experience at the big 4, have good extra-curricular, have demonstrated leadership and learning attributes in their work life, have outstanding recommendation letters on their manager's disposal and most of all, if that CA is really good in interviews, will his/her deficiency of GPA still affect their MBA profile?
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Re: Chartered Accountants of India and Pakistan  [#permalink]

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New post 20 Mar 2019, 18:35
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Hello khizar1423 ....welcome to the community.

This is really an unconventional but practical situation. To my knowledge business most big schools conventionally look for an undergraduate degree. And then to measure your performance during that period they require the GPA.

In my limited exposure, I have not heard of an MBA without an undergraduate degree. But... When I am thinking .... why not ... if a has all the qualities to be successful in the future .... then why not... I personally & logically do not see any issues. But, again what do I know. I am tagging the experts in this field.... let's wait for their inputs:

Tagging bb , billionaire , workout.
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New post 20 Mar 2019, 22:17
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This indeed is a practical situation. Given the fact that many CAs from India and Pakistakan get in to business schools every year there must be a some alternate provision. This is what I found on MBACrystalBall's blog..

mbacrystalball wrote:
B.Com and CA/MBA:
A majority of students take up CA studies as well as complete their B.Com. The BCom is a graduation degree granted by the University whereas the CA is self-study based (or you may take external help through prep classes) and you can complete it at your own pace.

Considering the low success rate in the CA exams, if you’re unable to clear it, at least you’d be in a position to complete your graduation (B.Com) and later opt for any post-graduation program including an MBA. There are many students who may complete their CA and then also plan for an MBA some time later after a few years of working.

For graduates intending to study in an international MBA program, there are many international business schools accepting candidates with 15 years of college education...
https://www.mbacrystalball.com/blog/201 ... ca-vs-mba/


Perhaps, MBACrystalBall can shed some light on this situation.
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Chartered Accountants of India and Pakistan  [#permalink]

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New post 20 Mar 2019, 22:20
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khizar1423 wrote:
Does undergraduate study affect MBA applications in the case of High-school to CA field Indian and Pakistani Chartered Accountants?
Let's say there's a person who joined the Chartered Accountancy qualification right after high-school. Now, in India and Pakistan there are 3 ways to join the CA field. The two ways irrelevant to this discussion are after Undergrad and after Grad university degree. The one we are talking about here is the pathway through which after their high-school exams, students can directly join the CA course in which 2 years are reserved just for examinations and 3/3.5 years are reserved just for article-ships/apprenticeships with business or accounting companies and firms (like the Big 4 auditing; PWC, Deloitte, EY and KPMG). In this pathway all is fine except the fact that the students don't study in universities but rather study in accounting independent colleges and/or by themselves. Ultimately, this means that the students will never have GPAs of any sort whatsoever.
My main question is; If a chartered accountant who has entered their field through the above pathway applies to a top B-School(Stanford, Harvard, Wharton) when they for example have a 730 GMAT,4 years of experience at the big 4, have good extra-curricular, have demonstrated leadership and learning attributes in their work life, have outstanding recommendation letters on their manager's disposal and most of all, if that CA is really good in interviews, will his/her deficiency of GPA still affect their MBA profile?


Hi,

I am a Chartered Accountant from India in Chicago Booth currently. I did my CA right after high school along with B. Com. So it should not be a problem for you - b-schools do not really care if you can show the strength of your academic merit and the institution is reputed such as the ICAI. Additionally, if you have an above average GPA in both (CA and other degrees) along with a high GMAT score it can be sufficient to show that are good on academics. Some people often pursue CFA (or CPA) but the value of that is uncertain at best to determine how strongly it feeds into the admission decision. There are lot of other things you can do to strengthen your profile and I am happy to chat more!
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New post 20 Mar 2019, 22:56
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NakulChicagoBooth wrote:
Hi,

I am a Chartered Accountant from India in Chicago Booth currently. I did my CA right after high school along with B. Com. So it should not be a problem for you - b-schools do not really care if you can show the strength of your academic merit and the institution is reputed such as the ICAI. Additionally, if you have an above average GPA in both (CA and other degrees) along with a high GMAT score it can be sufficient to show that are good on academics. Some people often pursue CFA (or CPA) but the value of that is uncertain at best to determine how strongly it feeds into the admission decision. There are lot of other things you can do to strengthen your profile and I am happy to chat more!


I think his question is can a person apply with 12+CA without an undergrad degree. Do you know any such cases?
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Re: Chartered Accountants of India and Pakistan  [#permalink]

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New post 21 Mar 2019, 00:42
Deficiency in the GPA can be overcome by efficiency shown in CA exams & GMAT. So yeah they stand a very good chance as CAs are considered pinnacle degree in finance in those countries
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New post 21 Mar 2019, 01:44
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Narenn wrote:
This indeed is a practical situation. Given the fact that many CAs from India and Pakistan get in to business schools every year there must be a some alternate provision. This is what I found on MBACrystalBall's blog..
:
Perhaps, MBACrystalBall can shed some light on this situation.


Thanks for tagging, Narenn

At MBA Crystal ball, we sure have worked with CAs who've completed their bachelors + CAT, as well as those who've given up on their CA plans after several attempts (but still have a bachelors). Then there are some who only have their 3-year articleship experience to show, and nothing beyond that.

The OP's situation is unusual, and I'll admit that we don't have any similar candidate's story to share.

When it comes to unconventional profiles, where the tick marks aren't exactly in the same order that bschools expect, here's what we recommend.

Don't rely on third party opinions, even if they've had successes in the past.

Instead, get in touch with your target programs, share your profile details and ask the admissions team directly whether they'd encourage you to apply.

That way you're sure that your application effort will not be wasted.

Top schools need good students, and many admission teams are flexible with some of their requirements, if they really like a candidate.

So, don't make assumptions that'll discourage you from applying.

Hope that helps.
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Re: Chartered Accountants of India and Pakistan  [#permalink]

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New post 21 Mar 2019, 10:18
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Narenn wrote:
NakulChicagoBooth wrote:
Hi,

I am a Chartered Accountant from India in Chicago Booth currently. I did my CA right after high school along with B. Com. So it should not be a problem for you - b-schools do not really care if you can show the strength of your academic merit and the institution is reputed such as the ICAI. Additionally, if you have an above average GPA in both (CA and other degrees) along with a high GMAT score it can be sufficient to show that are good on academics. Some people often pursue CFA (or CPA) but the value of that is uncertain at best to determine how strongly it feeds into the admission decision. There are lot of other things you can do to strengthen your profile and I am happy to chat more!


I think his question is can a person apply with 12+CA without an undergrad degree. Do you know any such cases?


Technically, the ICAI is a master's (the official transcript says that) and US universities require you to do an under-graduation. All the application forms have that as a pre-requisite. I believe you cannot apply to the universities without having an undergraduate degree. However, it is best to write to them to check in what cases do they make rare exceptions.
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Re: Chartered Accountants of India and Pakistan  [#permalink]

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New post 22 Mar 2019, 09:43
NakulChicagoBooth wrote:
khizar1423 wrote:
Does undergraduate study affect MBA applications in the case of High-school to CA field Indian and Pakistani Chartered Accountants?
Let's say there's a person who joined the Chartered Accountancy qualification right after high-school. Now, in India and Pakistan there are 3 ways to join the CA field. The two ways irrelevant to this discussion are after Undergrad and after Grad university degree. The one we are talking about here is the pathway through which after their high-school exams, students can directly join the CA course in which 2 years are reserved just for examinations and 3/3.5 years are reserved just for article-ships/apprenticeships with business or accounting companies and firms (like the Big 4 auditing; PWC, Deloitte, EY and KPMG). In this pathway all is fine except the fact that the students don't study in universities but rather study in accounting independent colleges and/or by themselves. Ultimately, this means that the students will never have GPAs of any sort whatsoever.
My main question is; If a chartered accountant who has entered their field through the above pathway applies to a top B-School(Stanford, Harvard, Wharton) when they for example have a 730 GMAT,4 years of experience at the big 4, have good extra-curricular, have demonstrated leadership and learning attributes in their work life, have outstanding recommendation letters on their manager's disposal and most of all, if that CA is really good in interviews, will his/her deficiency of GPA still affect their MBA profile?


Thank you all so much, especially you Nakul as well as MBA Crystal Ball. You guys have given me a realistic insight and a genuine hope regarding this unusual and rather critical situation. Please, do keep shedding light as much as you can on this specific topic with your updated knowledge bases.

I am a Chartered Accountant from India in Chicago Booth currently. I did my CA right after high school along with B. Com. So it should not be a problem for you - b-schools do not really care if you can show the strength of your academic merit and the institution is reputed such as the ICAI. Additionally, if you have an above average GPA in both (CA and other degrees) along with a high GMAT score it can be sufficient to show that are good on academics. Some people often pursue CFA (or CPA) but the value of that is uncertain at best to determine how strongly it feeds into the admission decision. There are lot of other things you can do to strengthen your profile and I am happy to chat more!
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Re: Chartered Accountants of India and Pakistan   [#permalink] 22 Mar 2019, 09:43
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