In a major decision, the University Grant Commission (UGC) has announced that CA qualification will be equivalent to a Post Graduate (PG) degree.
In an official order, the University Grants Commission (UGC) has granted the status of Post Graduate to individuals with Chartered Accountancy (CA) degree. This will enable CAs to pursue Ph.D. in all the Indian universities. Earlier, only 106 universities, 2 IITs and 7 IIMs used to allow CAs to register for a Ph.D. Programme. This order will also make Chartered Accountants eligible for UGC’s National Eligibility Test (NET) and the award of Junior Research Fellowship/ Assistant Professor in all Indian universities.
This decision is the result of request from the Institute of Chartered Accountants of India (ICAI), one of the premier accounting bodies that has achieved global recognition over the years. “This will not only help CA’s for pursuing higher studies but will also facilitate the mobility of Indian CAs globally,” the institute said in its official Twitter handle.
CA. Nihar N Jambusaria, President, ICAI said in a press release, “This equivalence to Post Graduate Degree will open up International market for various job avenues for ICAI members, thereby bringing the global acclamation and recognition to India worldwide. Since Chartered Accountancy course will be considered as equivalent to the Post Graduate degree, it will aid CA members, who are aspiring to go overseas for higher studies and/or for seeking professional opportunities abroad.”