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Nairaland Forum / Nairaland / General / Career / Pls Advice An Accounting Graduate: CFA Or ICAN? (18926 Views)
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Pls Advice An Accounting Graduate: CFA Or ICAN? by BarryJones(m): 6:06am On Aug 06, 2016 |
Good morning Nairalanders, I am a graduate of accounting. I completed my accountancy degree in 2014, finishing first class. I completed my NYSC last October. I have searched for jobs to no avail. I actually did test and interviews with some companies, but am yet to receive an offer letter from any of them. For one of the big banks especially, I got to their documentation stage and heard nothing from them again. I even learnt that my contact person was sacked when banks were sacking. Her official email is no longer receiving emails. Now to my main question: Due to the fact that I couldn't secure a job, my parents decided I go to study for a masters degree in Accounting in the UK, starting in September. I am currently in the final level of my ICAN examination, with 5 papers left, which I plan to take 2 in November and 3 in May 2017 (ICAN has an exam centre in London). The University I will be going to offers an optional CFA level 1 route along side M.Sc. Accounting. But on a personal note, I find this very expensive to fund with the current Naira to Pound exchange rate (I don't want to overburden my parents- they have other dependants), and since I will be depending on my parents for my every needs. I will need to pay about 1500 pounds for the CFA 1 lectures to the university aside the CFA registration and exam fees. I will spend about 1000 pounds (as against approximately 100k if i was to write in in Nigeria) on ICAN in UK as exam fee and travel expense, since I plan to do self study. My daddy is now suggesting that I forget ICAN for now and concentrate on doing CFA, because he will want me to come back with internationally recognized certificates to increase my job prospects on my return. But my own thought is that by the time I will be returning from UK, I will both be ICAN Chartered and hold a UK Masters degree. I tried to explain to him that from my little knowledge of CFA, it is a rather limited certification (I believe its mainly for Investment bankers, though I will still apply to Investment Banks when I return) unlike ICAN which gives broader prospects. I am of the opinion that assuming I return to Nigeria in October 2017, I can quickly register as an ACCA student, to have the ACCA in view on my CV, then I will also register as a CFA student, to have the CFA in view, on my CV. I believe that this can increase my chances of also entering Investment Banking. Instead of paying 1500 pounds for CFA lectures to my university, I am thinking it will be cheaper for me to come back to Nigeria first and pay lecture fees here in Naira. I have a passion for setting up businesses, to be self employed and provide jobs for people later on, but I really love to practice Accounting in this my youthful age, and then save up to start my own business. Please I will appreciate advice from knowledgeable and experienced professionals. Should I heed my dads call? 4 Likes |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by nmreports: 6:47am On Aug 06, 2016 |
Even a day old chicken knows it's ICAN. By extension, if your parents are not complaining, do it all in the UK. MSC, CFA, ACCA but focus on the ICAN certification because that's all what matters here in Nigeria. 19 Likes 1 Share |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by herzern(m): 6:48am On Aug 06, 2016 |
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Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by justicejay(m): 6:48am On Aug 06, 2016 |
Ican 1 Like |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by herzern(m): 6:48am On Aug 06, 2016 |
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Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by sugarlady(f): 6:48am On Aug 06, 2016 |
Dear someone, Please summarize. Yours sincerely, Me. 5 Likes 1 Share |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by ayooladee(f): 6:48am On Aug 06, 2016 |
[quote][/quote] 2 Likes |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by NotNairalandi(m): 6:49am On Aug 06, 2016 |
Ditto Dear OP. LETTER OF NOTIFICATION We the members of board of trustee are not interested in what you want to do or what you dont want to do with ICAN and CFA certificate. the question we want to ask you on behalf of our president NLDER.Seun Osewa is; (1) did any of the company or bank you applied for a job told you that they only employe those with ICAN or international certificate?(we are not discouraging you anyway) (2)etc. Now on behalf of our Sec.Gen. NLDER.Lalasclala.we advise you to ; (1)finish up with your ICAN program. (2)follow your dreams one on a bit.dont try to put all your fingers inside your mouth at a go. (3)draft your plan according to your scale of prefference for easy actualization of you goals. (4)etc Signed Management 06/08/2016 18 Likes 2 Shares |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by orijintv(m): 6:49am On Aug 06, 2016 |
CFA don Baf ?? My Nigga ICAN ani Fuckin Time Bro 2 Likes |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by herzern(m): 6:50am On Aug 06, 2016 |
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Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by kelvyn7: 6:51am On Aug 06, 2016 |
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Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by free2ryhme: 6:51am On Aug 06, 2016 |
Do the one wey dey your mind afterall we no dey give you school fees money When you get better job and live in service apartment chase small small girls will you still report it here 3 Likes |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by sugarlady(f): 6:51am On Aug 06, 2016 |
BarryJones: |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by free2ryhme: 6:51am On Aug 06, 2016 |
[quote author=ayooladee post=48231766][/quote] Even for a girl you no dey shame |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by free2ryhme: 6:53am On Aug 06, 2016 |
So first class still dey apply for job ![]() 9 Likes |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by NotNairalandi(m): 6:53am On Aug 06, 2016 |
sugarlady:lazylady ![]() |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by ayooladee(f): 6:54am On Aug 06, 2016 |
free2ryhme:are u okay ![]() |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by free2ryhme: 6:56am On Aug 06, 2016 |
ayooladee:Your brain don freeze 1 Like |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by rockiedink(m): 6:56am On Aug 06, 2016 |
Why will anyone think that ICAN trumps ACCA or CFA? Well none of my business...that's your answer below: free2ryhme: 5 Likes 1 Share |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by nijanigga: 6:56am On Aug 06, 2016 |
Dude get your ICAN since you plan on coming to Nigeria, CFA may not the be marketable in Nigeria and with internet available you can still write CFA when you get back home, but get all the study materials in U.K Hope this helps, doing all with M.Sc won't be that easy. 2 Likes |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by llade(m): 6:56am On Aug 06, 2016 |
If u can do ICAN and CFA. For the ICAN ure almost there just complete it. However, CFA na baba oh. Am a Chartered Accountant and writing CFA now. 15 Likes 2 Shares |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by ayooladee(f): 6:57am On Aug 06, 2016 |
[s] free2ryhme:[/s] ![]() |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by free2ryhme: 6:57am On Aug 06, 2016 |
ayooladee: Mstchew |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by bluewles33: 6:58am On Aug 06, 2016 |
Do both |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by Nobody: 6:58am On Aug 06, 2016 |
Baba God bless me with this kind of opportunity. Amen. Someone has a chance to get out of this zoo and he's still asking silly questions. See if i were you i will even add ACCA join sef after d CFA. No knowledge is lost. Certifications and more certifications but really where are the jobs in this country is the question you should be asking yourself right now. See your mouth like "I have a passion for setting up businesses, to be self employed and provide jobs for people later on, but I really love to practice Accounting in this my youthful age, and then save up to start my own business" For which economy u wan do all that one, it seems ur living under a rock and Buharieconomics is not dealing with you. Nigga leave this country for whatever u want to do and don't come back. M sure ur village elders will give you this same advice. 3 Likes 1 Share |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by eazzzy1(m): 7:01am On Aug 06, 2016 |
… 6 Likes |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by Emeka99(m): 7:01am On Aug 06, 2016 |
thank God that I am in Engineering 1 Like |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by eph12(m): 7:03am On Aug 06, 2016 |
Your dad is the one insisting you do it which means money won't be a problem so you shouldn't be worried financially. You can also complete your ICAN when you come back to Nigeria. |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by MrTeeo: 7:06am On Aug 06, 2016 |
Emeka99: Am an engineer preparing for ACCA 6 Likes |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by taurustm(m): 7:06am On Aug 06, 2016 |
Brother, if you desires to become an entrepreneur, you have to be adamant. You'd have to focus on what you think is the best for you. Do not forget that you and your dad is a man, you're prone to err. I'd advice you to stay focus, you know what you want. Give you dad a reason to support your decisions because it helps a lot. |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by suasmablow(m): 7:15am On Aug 06, 2016 |
free2ryhme:Ask am say first class for which school? First class in some universities are like third class in some schools 2 Likes |
Re: Pls Advice An Accounting Graduate: CFA Or ICAN? by chronique(m): 7:16am On Aug 06, 2016 |
Complete your Ican,and put in for acca by theside,and opt in for the oxford brookes degree. When you complete your part 3 papers with acca,you'd get an M.sc in applied accounting. That's the route I took when I put in for my acca although I had to stop in part 2 due to somany distractions. After then,you can do your Cfa. Cfa is like the ultimate in the accounting profession but I'm not too sure if it's well rewarded here in naija. I've been out of that circle for yrs now,and do not know if this my advice is the best. Also sample other opinions. 3 Likes |
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