Piece of advice for new chartered accountants !!!

If you feel opportunties not knocking your door, try some alternatives like applying for practise and taking coaching classes ; joining with a local audit firm ; doing any other value added courses etc.

Yes...Openings are always there, they just need to be properly regulated and organised. ICAI must do something constructive regarding this.    

In today’s time ICAI membership only is not enough. For getting quick job after receiving ICAI  membership following practical things are necessary:

1. More than basic understanding of accounting
2. Good knowledge of Tally, SAP, ERP, IFRS, MIS working environment.
3. Understanding of working of a finance deptt
4. Good and practical knowledge of Taxation andother allied forms of taxation
5. Positive attitude and patience.

Kindly appreciate if you are a new CA and have no knowledge of Tally or SAP or Taxation, then tell me why should I recruit you? You are good for nothing for me. This is the thinking of most of the employer these days.

Recently we had recruited 2 people (non CA but with good knowledge of SAP and ERP) in our finance deptt. at a package of 3.6 and 4.8 lacs P.A. and both were chosen over Chartered Accountants in an interview, having no knowledge of SAP and ERP.  

It is high time for us to understand the fact that membership of ICAI and ICSI is no guarantee of good paying job. So for a better career it is must to focus on good articleship. Also take note of demand and supply factor. New CAs are keep coming so it is imp to present something extra for recruitment.

This all fuss is created because of a bit less compensation offered to professionals. As per my experience still membership of ICAI and ICSI is a guarantee of good quality job. This job may be a less financially sound job but will surely pave way for long term financial and personal success.

So my suggestion would be along with doing CA keep learning other practical courses like tally, SAP, ERP etc and be an expert of all this for better career.

All the best

Truly said by ankur sir only ICAI membership is not enough for geeting a good job.You should have practical knowledge of work like Accounts,taxation tally ERP,SAP,Oracle etc.Employer need those employee who has practicaly knowledege One reason for  unenmplyment of ca is lack of practical knowledege.

thank you sir for your value suggestions

Dear All….this is not a conclusive suggestion to solve the entire problem of recent unemployment. This post is just a reflection of current market picture based on my personal understanding. You people are free to share your opinion.

Regards

Ankur  sir,

What u said all are true,

Now a days without having some software knowledge like Tally, SAP and other packages..They didn't get any jobs and they are preferring for knowledged person and not all seeing whether they qualified or not but taking them into jobs for there conveynce.

So if any want to acheive there targets they has to concentrate on employers (or) organisation requriments. Then they will got their dreams nto true..

Best Regards,

Karthikeya...

Originally posted by : Karthikeya2020
	So if any want to acheive there targets they has to concentrate on employers (or) organisation requriments. Then they will got their dreams nto true..

Very rightly quoted my friend....you have understood my point... it is all about employers (or) organisation requriments. and not doing CA and CS and CMA and MBA etc together…………….

I am not able to understand why the newly qualified CA's are fully dependent on campus interviews that they even do not think of the option of applying in company websites in the e-mail IDs specified therein. Also they do not approach companies in person and they think that by relying on campuses and not getting jobs through campus their life is lost and their career is at stake. I think there is a need for a mental revolution in the minds of these people to be more open to opportunities and to catch the opportunties at the right time when they arise. They have to think beyond campus interviews and realise that there are far more external opportunities than campus interviews. 

Hi sudarsan,

       I think, whatever suggestion u r giving, every fresher r doing it and did it

Sorry, But it is very easy in India to advise other, without knowledge of situation.

and same thing u r doing.

Thanks,.

I totally Agree with Ankur Ji......

you are absolutely right sir. what we had is sudden increase in supply of CA's at ressesion time. i belive this slow down is just temporary. and ofcourse the days are gone that just the word CA is enogh for your life. A doctor with just MBBS is not enogh for us now we need doctors with more degrees to cure our viral fever. like that CA's also need to specialise in areas, especially for those who are going for employment. there areareas like valuation, forensic accounting, taxation etc. even the institute itself is providing some of that courses. 

CA's should do more carrear planning. we should select a specialisation area which is apt for us, then develop and make ourselves demanded in the industry. the employers are not sympethetic towards us because we have worked day and night to clear CA. we should prove them that we are worth of hiring. the demand for CA's will increase only under whatever circumstances. 

ICAI should also change a lot according to the changing scenario. I think ICAI should restructure the 'articleship'. In the present way articleship is acting like a mechanism for ICAI to provide its members some cheap labour. its a fact that many articles are not getting proper training, many of them are used by the principals for there profit. there should be some mechanism to avoid at make sure that there is some value addition in the candidate by the articleship. like say, 3 year article ship period is to be divided into three parts. 

part 1 - Industrial training for 1 year (compulsory)[before Qualifying]

part 2 - Working in a CA firm for 1 year (compulsory)[before qualifying]

part 3 - Working at the same firm or different firm for 6 months (compulsory) [after qualifying]

institute should also mandate a feed back from students asking there experince from articleship so that they can make timely improvements.