Which is better: ICAI, ICWAI, or ICSI?

manpreet Best Answer 2 years ago

All the three fields are outstanding. However, if still someone asks than I would prefer the same in the below mentioned order: 1) ICAI: A Chartered Accountant is a person who is required to audit the annual accounts of every business. He is a person whose signature is considered authentic to verify the accounts prepared by any businessman. In this scenario he can practice privately which gives him an outstanding exposure as he has to himself handle the various scenarios into different businesses of various clients. Not only this, a CA can also get into a job into any good company if he/she doesn't wish to do private practice. He can work as a COO, Financial Analyst, Budget planner, Budget Analyst, CFO, Accounts Head or any such nomenclature could be a feather in his cap. 2) ICSI: A Company Secretary is next utmost importance in the corporate world. He/She is a person who is completely knowledgeable about day to day functions of the company. He is the person who is well aware of all the corporate laws and intercessions of the business. He makes the functioning of the company efficient by coordinating at various levels and is also a medium to provide genuine and authentic information to the shareholders of the company. Any company having a paid up share capital of more than 10 crores has to deploy a full time Company Secretary. The most important about CS is it is a statutory designation. A person may begin his/her career as a Junior Secretary for the company. As his/her experience and exposure increases he/she can get promoted to a further more respectful, rewarding and responsible designation. 3) ICWAI: Nowadays, ICWAI is also a good professional qualification into the corporate world associated with the manufacturing strata of the field. A CWA, nowadays the nomenclature has changed to CMA is an important person responsible for looking into the cost of manufacturing the product. He/she is responsible to correctly estimate and calculate the appropriate cost of product for manufacture. Moreover the person is important as many companies plan their marketing strategies after getting complete details of the cost and other related information about the product from the cost accountant. Initially a person may join a firm as a Junior Cost Accountant or so. However, as the experience increases one can expect higher rewards with the advancement. Concluding, all the jobs are excellent and have their importance in their fields. Package depends on one’s experience.

manpreet 2 years ago

It depends on your interest and choice. All the 3 are superiors and best at their own fundamentals. If you are thinking of doing accounts and auditing and want to become an auditor (my view as an IAS Officer for Corporates) go for ICAI (Institute Of Chartered Accountants) if you want to become CS (Company Secretary) you have to be thorough with the laws, new policies, and current affairs of the world, ICWAI (cost and work accountants) you will be having chances to work mostly in the production department where you will be equivalent to a GM (General Manager) of a company.