July 6, 2011

Confused about...

...the core interest! What is it?
Core interest per se what I mean is, the so called self interest into a carrier field. No I'm not confused about the whole sum carrier but in the sub-interest of what I've chosen. Being a Chartered Accountant you can do many things, as discussed by my teachers and read by me about it on different carrier counselling articles. There are majorly 3 fields which can be looked into.
1. The monopolistic, TAXATION is one of the important and common field. As a chartered you can get into it easily and survival is comparatively non competitive here.
2. FINANCE, in it also there are many more sub fields. But I would for the time being consider finance as a whole. Here there is lots of competition as there are many other professionals who get into finance, like an MBA in finance is trained and taught finance with much deep knowledge than a CA. (this is what I've heard. Personally I don't know much about it. But they say that MBA personnel perform great in it and are tough competitors.)
3. AUDITING, again monopolistic. Here mostly C.A.'s are only preferred. :)
there may be many other things that a C.A. may do but I'm considering majorly only these three.
Now the very first problem is, I like studying all these subjects academically. Seriously, believe me I do! Then I love doing audits, when I'm on an audit I feel like, keep working. Then my work is the only thing I can see. I love doing Audits. And from day one, I loved it as a subject as well. In fact I read my PCC module all topics of Auditing and asked so many doubts to SS Sir (he was in auditing profession, and he use to share his practical work experience with us and it was best time when I heard from him about all those things. He's simply one of the best persons I've ever met!)
Secondly talking about finance, I love this subject as well. I read module of this subject as well. I love the things taught and if I'm stuck with any concept I just can't let it go. I go back home and practice it continuously until I'm through with it. It's a subject full of concepts and different theories, which I love reading and understanding. But then I'm not good at understanding the things at first go, where as there are so many people at class who can. In fact, they can many a times solve sums on their own that too nearest correct answer. (But then of course that does not mean that I can't go for finance as it's just matter of practice which I need to do. As I know that I'm a slow learner and have to revise stuffs to get them permanently in me. Matter of efforts nothing else.) For you to understand finance you need to have the understanding of economics. Economics is what I have loved since my 9th standard. It's the most logical thing to ever understand. Just love the way theories are invented and quite logically they work as well. So economics is not a problem. Though it need you to have good basic knowledge of it. But then as I have interest in it, I can easily gain it.
3. Last but not least Taxation. Tax is what I do practically at work. (Audit and Tax exposure I have at my work, but nothing in finance :( ) And subject per se I never hated Tax, like few people loving finance do ;). I like it, like any other subject. In fact, study it with interest as it helps me practically. As I've heard C.A.'s have monopoly in it. So it can be a bit easy to get into it and then carrying on with it.
...as these days I'm listening mostly all my friends saying that they like SFM. Hmm, so there's a lot of competition here. Plus MBA's, so I fear a bit if I'll be able to survive well? As for practical knowledge into finance, people mostly go for an Industrial Training (IT), where they work with banks and corporates as well. But mostly Banks, if you want to go for banking. Banking is the main Industry for Finance people. Many of those who say, they love SFM are doing IT with big Banks. (How great! I feel) I too wanted to but could not. :(  So this give me more insecurity that they got this advantage. They know what it actually mean getting into finance, where as I only know a drop of an ocean about it's practical implementations. I get a negative mark here! ;(
About taxation, I got no more thoughts. I can go for it, but then by default all go for Tax. Even if I chose it, then it'll be just a monopolistic approach nothing else. Don't like doing things which every other person do. But then can't leave it for this reason as well! It's like, if nothing else then this kind of thing for me. As I said, I neither hate it nor like it too much, just that I feel normal about it.
Lastly, Auditing. I've not heard for this option from anyone else than S.S. Sir, of course he was the one who was in this stream practically but still all other teachers talk about Tax or Finance only! I don't know why? Nor have I heard any of my classmates talking about it. Now this make me feel insecure, and make me wonder if it's not a good option. (I Seriously need a discussion with S.S. Sir on this!)

Then as a solution to my confusion sometimes I think that I'll go for what I get. But then that is not the correct solution. Because you need to develop the skills from now onwards. And if I'll drop myself into something on get basis, then that will mean that I know all of them in bits. Where as there will be others who might have analysed their core interest and would have had done practically much more than me and again that would be the expectation in the market. And I'll not be able to survive like this.
So the requirement is to recognise the core interest and develop it over the period so that by the time we go for it we'll not be raw but would need only finishing and not moulding.
Need to give more time and effort to think on it and will have to decide on one thing. Let's see if I could get my core interest or remain confused!

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