Chartered Accountant course is one of the most challenging and demanding courses among all the courses which requires dedication and perseverance. 

To become CA, students need to get 40% marks in each subject and overall marks of 50%. 

The pass percentage of the CA Exam is only 10-15% which means only 10% of the students pass the CA Final exam.

Despite the promising career opportunities and high salary of CA, many students decide to quit the CA journey due to various reasons. 

In this article, Bhagya Achievers provides you with the common reasons for quitting CA and Career options after quitting CA.

Reasons for quitting CA 

From the last few years many students enrolled in CA courses but due to various reasons, many of them discontinued the CA. Here are the reasons for quitting CA.

Multiple attempts in CA:

Because there are no attempt restrictions for the CA exam, 

Due to the level of difficulty and vast syllabus, many students experienced repeated failures, which decreased their level of confidence. By facing continuous setbacks they feel demotivated and may cause the reason for quitting the CA.

Balance work life with articleship: Articleship training is necessary in a CA Journey as this will give students hands on practical experience. However, this demands long working hours, tight deadlines, and pressure, which may lead to work life imbalance and make it difficult to maintain a healthy balance, leading to stress, and they quit CA.

Interest in another field: After starting CA, many students realize that they have interest in another field or want to be famous in their life. So they quit CA and start working in that field in which they have interest. For instance, a famous Bollywood actor, Siddhant Chaturvedi who dropped out CA for a Career in acting and Neha Nagar, who is a famous influencer with more than 1 million followers on Instagram, also quit CA for her passion. 

Health Issues: One of the significant reasons for quitting the CA course is Health issues. The difficulty level of CA and articleship and pressure to succeed not only affects physical health but also affects mental health. Many students face health problems like anxiety, depression, sleep disorders, and so on.

3 things you must know before quitting CA

• Must know how quitting could affect your future career prospects and job opportunities.
• Must have backup career options that align with your interests and skills.
• Must have support from family and friends to help you navigate the challenges of choosing a new career path.

Is quitting CA right?

Quitting CA is not the right decision. You should know that not passing the CA exam after multiple attempts is not the end of the world. As we all know, the CA exam is tough, and it is normal to clear CA after 2-3 attempts. Many students did not give up on their dreams and kept preparing for the exams, hence becoming Chartered Accountants.

Meet J. Rajasekhar Reddy who is India’s first blind CA who qualified Chartered Accountant with his determination and patience. He lost his vision due to a brain tumour at the age of 11. He is a completely blind candidate in India who manages this success, which requires hard work and courage. 

The success of his is so inspiring that if we stick to our goal, then we can achieve anything after facing many ups and downs. If we decide I can and I will, then the result will surely be positive.

After hearing the success story of a student who cleared CA with a physical challenge helps you to not quit CA. When you clear the CA exam after attempting multiple times, you won't even remember how many attempts you have given. So it is important to keep trying despite hardships, failure, and other challenges.

Career options after quitting CA

After quitting the CA course, you have various options depending on your interests and goals. Here are the lists of the courses.

Association of Chartered Certified Accountants (ACCA)

ACCA is a globally recognized course. After quitting CA, students can enroll in this course. 

Certified Financial Planner 

After quitting CA, you still want to be recognized in the financial industry then this course is best for you.

Chartered Institute of Management Accountants (CIMA)

After quitting CA, students can choose CIMA. This course enables a candidate to work in any corporation as a CFO or business analyst.

Chartered Financial Analyst (CFA)

 If you are planning to quit CA, then CFA is the best option, as this course offers more employment options as compared to CA.

Chartered Alternative Investment Analyst (CAIA)

After quitting CA, if you still have interest in finance, then you should choose the CAIA course.

Master of Business Administration (MBA)/ Masters of commerce (M.com)

After dropping CA, students can choose either MBA or M.com. The duration of both the courses is two years.

Conclusion:

Although, there are many reasons for quitting CA as this course is known for its difficulty level, and it gets harder with each level. However, clearing the CA exam is not impossible. With proper guidance, skills, and hard work, you can make a successful career as a Chartered Accountant. 

Remember, quitting is an important decision with long term consequences. It’s essential to carefully analyze all aspects before making a final choice. If you are unsure, then seek advice from mentors, experienced professionals, who can provide you valuable insight.

Bhagya Achievers helps students to clear CA exams and provides the CA foundation, CA Intermediate, and CA Final test series under one roof. 

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