Divyanshu Chokhani, a Xavierian, secured AIR 19 in CA Final May’16 after securing AIR 4 in CA IPCC. He has completed his articleship from EY and Magma. He has also completed all 3 levels of International CFA.
Snippets of his interaction with mycastory.com
1) Among the manifold career choices, what made you opt for CA at that point of time? In retrospect, how would you reflect on your decision?
CA is definitely the craze among commerce students. The course has a unique combination of practical as well as theoretical knowledge in all fields of business. It helps one to achieve professional excellence. Hence I entered CA in 2012 after my class 12 Board exams. In my plus 2 level also I was commerce with accountancy as my main subject. As I reflect back I am proud of my decision. It was definitely one of the best decision of my life. Its not only about the knowledge but the honor and respect you get being finance professional with knowledge about accountancy and tax is too overwhelming.
2) What were the key aspects of your CA exam preparation strategy, both for the written test as well as the personal interviews that follow?
I got around three months leave only for my finals. Hence I made sure my coachings are done before my leaves began. I wanted to dedicate the final three months only to self study. During the three months I took one or max two subject at a time a theory along with a practical. Given the voluminous nature of the syllabus, revision is an absolute essential. Minimum 3 revisions was my target including the day before the exam. I used to allot days to subjects and tried to stick to the target and leave the subject if undone rather than stretching the schedule. One must also go through past papers, mocks and RTP’s and solve a few in exam like conditions.
For the interview that follow I am brushing my Ca knowledge along with focus on current affairs and also attended the four week residential program by ICAI in centre of excellence Hyderabad to strengthen my soft skills.
3) How does the CA course life transform an individual?
CA course gives you the passion to work hard, to manage your time well and also get a practical exposure to things. It makes you more deterministic and hardy. Patience and courage are the attributes that are developed. It transforms the whole outlook of an individual as he well respected in the society.
4) Can you please share an interesting experience in course of your post-CA professional career?
I haven’t joined an organization yet and am seeking my first job with few offer letter in hand. One interesting experience was during my interview with Goldman Sachs where when I entered for the technical round 2 after the Gd and tech 1, the interviewer told that I think I am out if questions for you and there is no point taking your interview lets directly discuss numbers.
This was one of the most interesting and prestigious moments for me post CA.
5) In your view, what are factors a student must carefully consider before deciding to embark on the CA journey? (Aptitude, career aspirations etc.)
I have met people who say that their friends were sitting for CPT so they sat too and once they cleared they had to pursue CA. I think entering the course with such casual attitude is a waste of time money and energy. One who has passion for finance accounts tax or audit and is willing to uphold the dignity of the profession must only join rather than joining under peer or family pressure.
6) In a nutshell, what would be your advice to future CA aspirants?
CA is a course that will test your determination and patience along with your academics. One must not give up too early and remain focused. 3~4 months of hard work can save another 6 months of your life. CA doesn’t mean come again. Everyone must aspire to be a rankholder as it gives recognition and motivates you. As I am appearing for interviews I am getting to know how valuable a rank is in CA exams. There are many top corporates who only call rankholders.
Also one must not focus on pass percentage and other such stuff as they are misleading and will only demotivate you. You must believe that your efforts would be rewarded and there can never be failure for a person who has given his best. Another thing I would like to tell is to take up articleship seriously as it is equivalent to getting a good score in exam. Pursuing articles from a reputed organization will give you the best corporate exposure which will help in future. I never believed in luck and destiny. These might have its own role but I believe hard work can change your luck also.
I would like to quote my belief:
“Work hard in silence and let success make the noise…remember that he who sweats most in training bleeds less in war. ”
CA course itself is so designed that one who takes it up seriously will get a base from where you can achieve bigger things in life. All the best!!
You may connect with me at https://www.linkedin.com/in/divyanshu-chokhani-683800a6