Choosing to pursue a Chartered Accountancy (CA) career is a significant decision that requires commitment, dedication, and a clear understanding of the professional pathway. For those aged 30 and above, considering leaving a stable job to start CA articleship in Bangladesh, the decision is even more complex. This blog explores the practical, financial, and career implications of making such a move and shares insights to help make an informed choice.
Understanding CA Articleship in Bangladesh
CA articleship is a mandatory internship phase under the Institute of Chartered Accountants of Bangladesh (ICAB), where aspiring CAs gain on-the-job practical experience for typically three to four years. During this period, students work in CA firms or equivalent organizations, applying theoretical knowledge in real-world accounting, auditing, taxation, and finance tasks. Articleship is essential to develop the skills and competencies of a professional CA.
- The duration of articleship is usually 2.5 to 4 years depending on the entry level (graduates or undergraduates).
- ICAB mandates a minimum monthly allowance or stipend for article-ship students, typically starting around BDT 3,000 up to BDT 15,000 in reputed firms.
- Articleship demands long working hours, strict deadlines, and sometimes extensive travel for audit and client visits.
- Students simultaneously prepare for CA examinations conducted by ICAB, which are known for their rigorous and challenging nature.
Starting CA articleship after 30 years of age is less common but entirely possible. It demands serious time management, dedication, and mental resilience. Many older beginners face unique challenges, but also bring life experience that can be advantageous.
Why Consider Leaving a Job to Start CA Articleship?
Career Change and Growth Potential
- A career in Chartered Accountancy offers long-term financial reward and professional respect in Bangladesh and internationally.
- CAs earn competitive salaries, with reputed firms offering remuneration and managerial roles early in their career.
- The profession opens doors to leadership positions such as CFO, Finance Director, or partner in firms.
- For those stuck in stagnant or less rewarding jobs, CA offers an opportunity to rebuild and elevate their career.
Building Expertise and Credibility
- CA qualification equips you with expert knowledge in accounting standards, taxation, auditing, and financial management.
- It builds credibility to work in corporate sectors, multinational companies, and public accounting.
- Practical experience during articleship enhances your professional skills and networking, laying the foundation for success.
Flexible Learning and Examination System
- ICAB allows paper-by-paper CA exam passes, enabling customised study pace.
- Students can balance work and study during articleship, though it requires discipline.
Challenges and Considerations for Starting at Age 30+
Financial Implications
- Articleship stipends are low compared to salaries in regular jobs, often between BDT 3,000 to 15,000, which may not meet monthly expenses or family obligations.
- Leaving a steady income to earn a low stipend can be financially challenging if no alternate funds or family support are available.
- The entire CA process, including exam fees, coaching, and registration, involves non-trivial costs.
Work-Life Balance and Time Commitment
- Articleship demands full-time office attendance with long hours and high workload.
- Many students struggle to balance firm duties with study schedules and family responsibilities.
- Exam preparation requires focused, consistent study time, which can be difficult amid job pressures and age-related responsibilities.
Mental and Emotional Resilience
- CA exams have high failure rates and require perseverance through potential setbacks.
- The pressure of revamping a career at a later age can be stressful.
- Support systems, including mentors and family, are crucial to maintain motivation.
Societal and Peer Dynamics
- Aged 30+ article-ship students may find themselves younger peers, which may affect social cohesion.
- However, life experience can contribute to maturity, professionalism, and work quality.
Advantages Older CA Aspirants Bring to the Table
- Greater maturity, better time management, and focused goals.
- Experience from previous jobs can add practical insights and professional demeanor.
- Better financial discipline and clarity on career direction.
Practical Tips for Older Aspirants to Succeed
- Evaluate financial readiness and ensure support systems to cope with low stipend.
- Choose a reputable CA firm that offers mentorship and reasonable working conditions.
- Develop a strict study schedule and balance work-study commitments efficiently.
- Leverage prior work experience to contribute value at the firm and during articleship.
- Maintain physical and mental health for sustained performance.
- Join peer support groups for motivation and guidance.
Why Choose Habib Sarwar Bhuiyan & Co. Chartered Accountants?
Starting your CA journey with the right firm is paramount. Habib Sarwar Bhuiyan & Co. Chartered Accountants is a prestigious and well-established CA firm in Bangladesh, renowned for providing comprehensive articleship training and a supportive environment for CA students.
Key Benefits of Articleship with Habib Sarwar Bhuiyan & Co.
- Structured and guided practical training with focus on auditing, taxation, accounting, and finance.
- Competitive monthly stipend and benefits that respect ICAB norms.
- Friendly and professional mentorship from experienced CAs to help navigate the articleship and exams.
- Flexible leave policies for exam preparation and coaching classes.
- Exposure to a wide range of sectors and clients to broaden practical knowledge.
- Supportive work culture to balance articleship pressures and personal needs.
If you are considering leaving your job at age 30 and above to pursue CA articleship, partnering with Habib Sarwar Bhuiyan & Co. can make your journey smoother, more rewarding, and set you up for a successful CA career.
Action
If you are ready to transform your career by starting your CA articleship with expert guidance and strong support, reach out today to Habib Sarwar Bhuiyan & Co. Chartered Accountants. Take the first step towards becoming a successful Chartered Accountant in Bangladesh with a trusted and reputable firm by your side.
Contact Habib Sarwar Bhuiyan & Co. Chartered Accountants now to discuss your articleship placement, stipend, and career growth opportunities!
