CAs will now be able to pursue doctoral studies and apply for teaching positions
Anyone who has taken courses in public accounting, corporate secretarial work, and cost and work accounting will now be able to pursue doctoral studies and apply for teaching positions in colleges.
The University Grants Commission (UGC), the higher education regulatory body, has approved a proposal in this regard, responding to a request from the Institute of Chartered Accountants of India (ICAI) under the Ministry of Business affairs.
The UGC made the decision in February and ratified it in July. Minutes from a committee meeting on July 26 indicate that CAs, CSs and ICWAs may be included in the National Eligibility Test (NET) or State Level Eligibility Test (SLET ) through which assistant professors, the entry-level post, are recruited from colleges.
However, these students will also need to have an undergraduate degree. Now, many students are admitted to the four-year CA, CS, and ICWA courses directly after completing Class XII, while many more come after graduating from undergraduate degrees.
ICAI President Nihar Jambusaria said the move would help the thousands of students who take CA, CS or ICWA courses each year to pursue higher education.
“Previously, CA, CS, or ICWA graduates couldn’t apply for a doctorate (in most cases) because they didn’t have a master’s degree. Henceforth, these qualifications will be considered equivalent to a postgraduate degree. They will be able to pursue doctoral studies and also hold teaching positions in colleges, ”Jambusaria said.
He pointed out, however, that the 55 percent post-graduation grade requirement to appear for the NET or SLET would still be a barrier for CAs, CSs and ICWAs as these were low scoring courses. .
“The passing grade in these courses is 50 percent. Insisting on scores of 55% in PG courses to appear in NET or SLET will be a barrier. We will be offering UGC to allow anyone who completes CA, CS or ICWA courses to take NET and SLET, ”he said.
Former ICAI President Atul Gupta said nearly 30,000 students complete these three courses each year and many face problems when trying to pursue higher education abroad.
“When trying to get training abroad, they have a hard time convincing institutions of their CA, CS or ICWA qualifications. It was not clear whether those who took these courses would be considered degree or diploma holders. Now there is clarity, ”he said.
Students holding Class XII certificates are eligible to take these courses. The academics stressed that it was only fair that the four-year duration of these courses made them equivalent to postgraduate courses.
The Association of Indian Universities (AIU), which grants equivalence of certificates obtained from foreign institutions to their corresponding Indian degrees, has in the past granted equivalence to the CA course with MCom in individual cases.
In addition, 106 universities recognize the CA, CS and ICWA qualifications as the equivalent of the MCom, thus enabling certificate holders from these three courses to pursue doctoral studies and apply for teaching positions in colleges.
From now on, 1000 universities across the country will recognize and accept these certificate holders.