College Vidya Unveils Critical Findings on the Necessity of Secondary Career Choices for CA/CMA Aspirants in India
College Vidya, a one-stop solution for making informed online education choices, has conducted a comprehensive study shedding light on the significance of having a secondary career choice for Chartered Accountancy (CA) and Cost and Management Accountancy (CMA) aspirants in India. The company’s commitment to successful careers for students led it to embark on this vital study. The institution recognized a growing trend among students opting for online degrees as a security blanket for their careers. Additionally, the distressing reports of student suicides following exam failures deeply impacted the organization, further motivating them to address this pressing issue.
With a passing percentage of below 5% in CA/CMA examinations, students often find themselves facing overwhelming odds. College Vidya’s study advocates not merely having a backup plan but viewing it as a security measure and insurance policy. This secondary career choice acts as a safety net, ensuring that aspirants can give their best efforts to their primary objective without the fear of being left behind if circumstances take an unexpected turn.
The study revealed other benefits of having a secondary career option for CA/CMA aspirants in India. Firstly, it equips individuals with enhanced capabilities to navigate unforeseen challenges and disruptions, enabling them to maintain their trajectory even in the face of unexpected setbacks. This leads to reduced stress and anxiety, as knowing there’s a safety net removes the fear of failure. Moreover, a backup plan fosters adaptability, allowing for quick adjustments and course corrections in response to changing circumstances. This adaptability, in turn, boosts confidence in decision-making, as individuals are less afraid to take risks when they have a fallback. Ultimately, a well-thought-out backup plan contributes to improved long-term success, helping individuals and organizations weather storms and emerge stronger.
Owing to such vast benefits and an uncertain academic landscape, College Vidya’s study has revealed a 300% increase in demand for backup options over the past two years. Among the leading preferences for contingency arrangements, B.Com, BBA, and MBA programs in finance have emerged as popular choices. Pursuing these courses online not only frees up time but also offers students the opportunity to select from highly esteemed universities, rather than settling for a lesser-known institution that necessitates physical attendance in traditional classrooms. Additionally, online learning also provides the opportunity for a more flexible and personalized learning experience, catering to the individual needs and preferences of students. This further enhances the benefits and appeal of these courses as alternative options for students.
Speaking on the announcement, Rohit Gupta, Co-Founder and COO of College Vidya said, “College Vidya is committed to nurturing the potential of every student, and this study reaffirms the need for a comprehensive approach to career planning. We encourage CA/CMA aspirants to chase their dreams but also ensure they have a safety net in place. With a valid degree and skills, they can excel in diverse fields, confident that they are not starting from square one in case of any setbacks”.
As the landscape of career choices continues to evolve, College Vidya remains committed to providing valuable insights and resources to empower CA/CMA aspirants in India. The platform aims to help students make informed decisions and create a secure and thriving future, even in the face of challenges.