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Saturday, 4 January 2014

CA as Career

(Use Translate option to read in Hindi)-------------->>

CA (Chartered accountant) profession is counted as one of the most rapidly rising profession in India.
But how many people consult a current student before joining it as profession.

Students and their parents, find it a reputed and an area consisting good money.
Students in their final year (12th) of schooling joins it presuming they will earn 5-6 lakhs easily, some of them thinks even bigger.
But the truth is little different.

Not everyone opting CA profession gets a pay of 5-6 lakhs...I have seen many of friends struggling to get a job even after scoring 480+ out of 800 in final exams...
The people getting 8 lacs or more are generally posted to areas like Jharkhand, Orissa, remote areas in Tamil Nadu etc.

More the people (candidates)..searching for the job ...less the pay (popularly known as package)..

One more truth that is bitter is ARTICLESHIP (training period) after the IPCC...
 Articleship is declared HELL among the articles...

CPT
Not a big thing to clear..
If you fails CPT in 1st attempt I suggest not to proceed further...GO with CWA, CS, MBA or whatever you like..

IPCC
Squeezes the hard worker from a student...
Many students opting CA leaves the profession at this stage...
Some takes 5 or more attempts to clear the same...(Rather they must go with some other career option)

Articleship (THE HELL)
The most hated stage in life of a CA student.
First of all its not easy now a days to get a CA to get registered under.
Luckily if someone gets registered, the CA employer may even make the student cry for leaves, conveyance, stipend etc.
Some CAs not even pays stipend to the articles, cheques are made to show bank account entry but the money is taken back in cash from the articled student.
"I think this post is not enough to describe article ship, i will make a separate post later."
(Refer Articleship post)

FINAL
This stage requires mental as well as physical fitness...
Vast course , heavy modules requires regular study..
Above 90% students opts coaching for final exam during the articleship (which makes articleship worst)..
It is "BAAP" of IPCC not everyone who has cracked IPCC in first attempt can crack final in one try..

After all these stages what a person gets is 3.5-4 lakhs on an average (some are not even this lucky)..
Now a days almost more than 50% of commerce students gives a try to CA course...
Bulk of students, bulk of articles , bulk of CAs but limited jobs...( obviously no one is taking risk to start business or opt some other profession..)


Conclusion
"Consult a CA student you can trust before opting CA as career or just believe me"
(Refer ICAI stats 2015-16)

Are you a CA in search for job, this can be helpful : Click ---->CA jobs suggestions

3 comments:

  1. Really Nice Comments of Life of CA Student & Especially About Articleship, which is worst stage of life which ruins entire Life of CA Student. It restricts freedom to enjoy, to do business or to do any other Extra Curricular Activities.

    So., my suggestion to create ARTICLES UNION which will demand for reducing time period to about 15 Months & 4 Hours / - day & increasing stipend.

    ReplyDelete
  2. Its a good as well as common idea to form association or union but the same requires unity among articles which they lack. All articles need to trust a group of people who would manage the association. Also the people (heads) need to be independent from any influence.
    It is difficult but possible.

    ReplyDelete
  3. Good article. It will be better if icai arranges articleship and save students from selfish CA's mercy

    ReplyDelete