bhill020 Wrote:
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> folks - i said the CA “may lead to better things”,
> which “may” or may not be the case, but it is
> certainly not unlikely. 90% of people who earn
> their CA leave the audit profession after two
> years of articling. In fact, you don’t even need
> to audit anymore for your articling experience;
> instead, you can practice tax or financial
> advisory. The academic aspect of the program is
> rigourous and believe it or not the work
> experience is boring but it provides you with a
> very in depth understanding of financial
> statements that the CFA program simply does not
> provide.
>
> The perception that “CA = auditor” is an
> understandable misconception, but it’s simply not
> the case. In fact, many CAs in high rankings are
> not even CFOs let alone auditors or accountants.
>
> Examples of CAs:
>
> - Allan Hibben, CA - CEO of RBC Capital Partners.
> - Dominic D’Alessandro, CA - CEO of Manulife
> Financial.
> - Ian Clarke, CA – CFO and EVP of Business
> Development, Maple Leaf Sports & Entertainment
> Ltd
> - Barbara Stymiest, FCA – COO of RBC Financial
> Group
> - James Balsillie, CA – Chairman and Co-CEO of
> Research in Motion Ltd, creators of the
> BlackBerry.
> - Dennis Kavelman, CA – CFO of Research in Motion
> Ltd.
> - Allan Horn, CA - CEO of Rogers Communications.
> (COO and CFO are also CAs)
> - George Rossolatos, CA - Co-Founder and Partner,
> TorQuest Capital.
> - Michael Lay, CA - Managing Partner, ONCAP
> Private Equity.
> - Phil King, CA – President of TSN.
> - Kevin Kerr, CA - VP Infrastructure Investments,
> Ontario Teachers Pension Plan.
> - Ian Kidson, CA - Managing Director and Co-Head
> of TD Capital Mezzanine Partners.
> - Ali Pejman, CA - Managing Director, Canacord
> Investment Banking.
> - George Melville, FCA - Chairman and owner of
> Boston Pizza International
> - Dave Cobb, CA - EVP, Vancouver 2010 Olympic
> Committee (formerly COO of the Vancouver Canucks)
> - Brandt Louie, FCA - President and CEO of H.Y.
> Louie Co. Limited ($4B private co).
>
> The CA can be much better path than you’re giving
> it credit for, but I honestly find it a waste of
> breath on this forum to tell people that, as
> people do not understand what CAs actually do when
> they finish articling. On that note, I’ll stop
> here.
>
> ozzie - i would take you up on the $1M but I
> actually don’t even have a dog. I was being
> facetious. Apologies if I offended anyone…was
> just being sarcastic, as I honestly thought the
> compensation estimates were signaficantly
> overshot.
That is such a BS post, why don’t you post that on the CA forum instead of the CFA forum, go find the CAs that are CEO or CFO in an actual investment management firm. or even CA in Investment Consulting firms, very unlikely. They are usually CFAs or FSAs (acturaries).
Additionally, by giving such statements you are also undermining the CFA program. Majority of those people do not deal with investments or investment analysis. So please give a better rebuttal next time instead of just showing irrevlant information.
Not to mention that you can find more MBA on those positions, so why not tell people to do their MBAs instead of the weak ass CA. On that note, I’ll stop here.