Students often get confused when it comes to selecting courses which they want to pursue and which will shape their future. Taking such a decision is not as easy as it sounds. You have to understand a lot of things before you choose a particular career or course. Those students who are from commerce stream have options to choose from after their higher secondary education is complete. However, you must know exactly what a particular course can offer you at present and in the future. So you should know the facts, importance, opportunities and scope of such courses. Let's discuss certain things that you should know before selecting Company Secretary Course.
Importance of Company Secretary
One of the primary things you would want to know is the importance of this course. A company secretary is one among the most important professionals in an organisation. He/she acts as a connecting link between the board of the organisation and the various stake holders, government and other regulatory authorities.
The role of a company secretary is very important and vital as he/she plays the role of a mediator between the organization and its board of directors. Company secretaries are usually more involved with creating policies for the company, maintaining records of all the legal concerns, taking care of public issues, managing mergers and acquisitions or joint ventures and the likes. In addition to that they function as liaison agents, negotiating with a number of government authorities.
The designation you will get after completing the course depends basically on the internal hierarchy of the organisation. However, you will be given the post of Assistant manager or Senior Executive and later on you can advance in your career and become Assistant Company Secretary or Company Secretary. If you have dynamic organizational skills and with experience you can go up to heading the Secretarial department and even can ride up to the post of Managing Director or Chairman.
After becoming a company secretary, you have a great scope of employment in consulting firms, financial institutions, banks, private companies, department of company affairs or other regulatory bodies. You can also do independent practice. You may even apply abroad for jobs with many multi-national companies. There is a great demand for Company Secretaries in countries like UK, USA and many other western countries. With the appropriate set of knowledge and skills, you can easily advance in your career in this particular field.
A very important question which the students ask – “how much will I earn?”. Well this depends on how much capable you are and also how much opportunities the sector can offer you both nationally and internationally. A fresher can start with a salary of around 3 to 5 lakh per annum. The Institute of Company Secretaries of India (ICSI) has also signed several MOU’s with various foreign institutes. So, if you go abroad, you can explore more earning opportunities.
If you’re working as an employee or practicing, you’ll face certain challenges in this field which you have to face while you work. You have to keep yourself updated regarding various changes happening in your field. This will help you overcome the challenges and will help you to find solutions to it. When you are practicing, you have to provide timely, competent and cost effective advice to your clients, maintaining high standards of service.
While keeping the above points in your mind, you have to understand and decide whether you want to pursue a career in this field. You can also seek help from friends and family regarding your future options.
Manjit Banga - The author of this article is a Company Secretary Course mentor and the owner of one of the premier Educational Institutes in Vadodara. If you’re looking to get Company Secretary Admission in Vadodara, contact Banga Tutorials.