One of the best career options for anyone globally is chartered accountancy. CA is hailed as a very high-paying profession that allows you to maintain a lavish lifestyle. With an employment rate of 100%, a CA graduate is bound to secure an excellent job. However, reaching that stage is not an easy task. People often don’t realize that, although CA in Pakistan might seem like a comfortable option, it is far from it. The drop-out rates of CA courses in Lahore and other cities are some of the highest. The degree is so hard that students often choose not to complete it.
CA students face multiple challenges during their degrees. The four levels are hard enough on their own, and then they have to join a mandatory training organization for three and a half years. Let’s have a closer look at some of CA’s problems and the most effective ways to overcome these problems.
Lack Of Guidance
Many students enter CA thinking they will have an easy path to a successful career. They are not mentally prepared for all the challenges that come with CA. Students must be made aware of the difficult circumstances that they will be faced with during CA.
Most students are not ready to put in the hard work and skills needed to complete CA. These students need proper guidance in this stage of the degree as it shapes their future. If given the appropriate direction, the students won’t get overwhelmed by CA and avoid dropping out. Many institutions offering CA in Lahore and other major cities consider this and provide the students with all the help they need.
Time Management
It can be a massive challenge for CA students to manage all their tasks in their time. Studying and applying the knowledge can be a daunting task for many. It is also challenging to keep up with the ever-evolving laws. Balancing revision for exams while working with a training organization is also challenging.
CA all over the world requires students to manage their time well. It is beneficial for the students to avoid wasting time and focus on what they need to do to succeed. As a CA student, you need to come up with a timetable and follow it strictly.
Failing Exam Attempts
One of the main problems faced by CA students is failing their exam attempts. The courses can be overwhelming for many, and especially on their first attempt, students might fail. Failing an exam demotivates many CA students, and they decide to drop out of the degree. CA can be highly challenging for students mentally.
Institutions that offer CA must provide support to their students. People don’t realize that failing your first attempt does not have to be the end of the road for you—repeated attempts at the examinations are nothing to be ashamed of and no reason to give up the degree. It might come as a shock to students themselves when they do not expect to fail at the examination, but it ends up happening. However, they needed to be reassured that it is nothing out of the ordinary and allow themselves another chance.
There is no field of study and work that does not come with massive challenges. For you to be successful in any profession requires hard work and determination. You need the motivation to keep going even in the face of hardships. The same applies to Chartered Accountancy. You cannot achieve your ideal job without facing hurdles.