19 December 2012
i am ca final student luking for vacancy in industry I also want to know the procedure for applying for industrial training in an industry. i have completed 2 years of my articleshiP and is eligible for industrial training. kindly provide some guidance where i can find vacancies for industrial training and how can i apply for the same. please help.
ELIGIBILITY AND OTHER CONDITIONS FOR UNDERGOING INDUSTRIAL TRAINING
(i) An articled assistant who has passed the Integrated Professional Competence Examination / Professional Competence Examination/ Professional Education (Examination - II) or Intermediate examination can serve as an Industrial trainee in any of the financial, commercial, industrial undertakings as may specified by the Council or such other institution or organization as may be approved by the Council from time to time. (ii) Articled assistant before proceeding for Industrial Training has to intimate his principal at least three months before the date on which such training has to commence. (iii) Minimum period of Industrial Training may range between nine months and twelve months during the last year of prescribed period of practical training. (iv) The Industrial Training shall be received under a member of the Institute. An Associate who has been a member for a continuous period of at least three years is entitled to train one industrial trainee and fellow is entitled train two industrial trainee at a time, whether such trainees are articled assistants or audit assistants. (v) An agreement of training is to be entered in the approved form i.e. Form No. 104 (vi) On satisfactory completion of industrial training, the principal has to issue service certificate in the approved form i.e. Form No. 105. Industrial training also offers an opportunity to the trainees to take part in specialised accounting exercises. Thus, for instance, the closing of accounts provides an opportunity for them to acquire the skills necessary as a concomitant to the theoretical knowledge which they have acquired earlier. Industrial training may also expose the trainees to management accounting, cost accounting, management information system, EDP, etc. It also provides an opportunity to them to participate in the work relating to corporate laws, taxation and secretarial practice.
01 August 2024
To pursue industrial training after completing 2 years of articleship, here’s a comprehensive guide to finding vacancies and applying for the same:
### **1. **Identify Potential Employers:**
#### **Big 4 Firms:** - **Check Career Websites:** Visit the career pages of Deloitte, PwC, EY, and KPMG for industrial training opportunities. - **Network:** Connect with current or former employees on LinkedIn or through professional networking events to learn about potential openings.
#### **Large Corporations and Industry Leaders:** - **Research:** Identify major corporations and industry leaders in sectors of your interest (e.g., finance, manufacturing, technology). - **Job Portals:** Use portals like Naukri.com, LinkedIn, and Indeed to search for industrial training or similar opportunities.
#### **Company Websites:** - **Direct Application:** Frequently check the careers section of companies you’re interested in for any industrial training positions.
### **2. **Prepare Your Application:**
#### **Resume and Cover Letter:** - **Update Resume:** Highlight your completed articleship, skills acquired, and any relevant projects or achievements. - **Craft Cover Letter:** Tailor your cover letter to express your interest in industrial training, your background, and how it aligns with the company’s needs.
#### **Application Process:** - **Submit Applications:** Apply through the company's career website or job portals. - **Follow-Up:** Send a follow-up email or message to express continued interest and check the status of your application.
### **3. **Application Procedure:**
#### **1. Application Forms:** - **Direct Applications:** Fill out and submit any required application forms as specified by the company.
#### **2. Offer Letter:** - **Secure Offer:** Obtain a formal offer letter from the company where you will undertake the industrial training.
#### **3. ICAI Registration:** - **Form 105:** Complete and submit **Form 105** (Application for Registration of Industrial Training) to ICAI. This form includes: - **Details of the Company:** Where you’ll be undergoing training. - **Relieving Letter:** From your previous articleship firm. - **Offer Letter:** From the new company.
### **4. **Prepare for Interviews:**
- **Understand the Role:** Be clear about the responsibilities and expectations of the industrial training role. - **Practice Common Questions:** Prepare for questions about your articleship experience, career goals, and understanding of the industry. - **Research the Company:** Demonstrate knowledge about the company’s business and how your experience aligns with their needs.
### **5. **Additional Resources:**
- **ICAI Official Website:** Check ICAI’s official website or contact your regional ICAI office for guidance and updates on the process. - **Networking:** Utilize professional networks, alumni groups, and industry events to learn about opportunities and make connections.
### **6. **Conversion to Industrial Training:**
- **Confirm Eligibility:** Ensure you meet the eligibility requirements for industrial training as specified by ICAI. - **Documents Required:** - **Relieving Letter:** From your current articleship firm. - **Offer Letter:** From the company where you will be undergoing industrial training. - **Articleship Completion Certificate:** Proof of completing 2 years of articleship.
By following these steps and utilizing available resources, you can increase your chances of securing an industrial training position and advancing your career.
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