Thanks for d info

Originally posted by : shinoj
	CAs considered to be very tough exam.In the present scenario the pass % reached all time low but still there's no taker for exisiting pass outs..The ICAI campus programme not able to achive even 50 % but just 37% success..Companies saying icai failed to understand new companies requiements n emphasing on TOO MUCH Book learning n lack of application n presentation abilities..when the the top 15 B-school grads average salary crosses16 lakhs,ICAI highest salary is not even16 lakhs..Only 1-2 students(top rank Holders) who got through in HUL/P & G managed to get about15 lakhs..2-3 get observed by ITC/Nestle(1st Attempt) for salry 8-10 lakhs ..Now public Oil companies raised the bar n offering up to9 lakh..but about other pass out?even Big 4 paying them peanuts..The biggest problem with CA is the they have to work in auditing,taxation field can not be hired by Top Consultancies like Boston/Bain/McKinsey nor by Investment banking goldsachs..There is need to enhance the employbility of CAs in the big way...Many CA students believe once they get Degree they will rock is the wrong mentality..Believe me  CA is the not the best profession as far as salaries go but can be done to have more stability during turbulance time..Even ordinary grad of MBA is beating CAs in terms of salary..ICAI needs to change alot because derserving CAs not getting their Due..Doing MBA from 10-15 colleges is tough but not from other colleges as CA course is..There is something very wrong with icai policies..now CAs have become like Cable TV n MBAs have become like DTH ..ICAI has not upgrade us :)

Completely agree

Now Dear Shinoj, you are saying the same things that many past Presidents have tried to impress upon the students.But rather than asking institute to change its syllabus, its the student's job to upgrade himself.Degree is nothing but just a beginning of hard work.You should have observed that institute have made many attempts to cure the problem that you just stated but the real problem is that the demand for this type of professionals is much less to the total demand of MBAs.In any case the institute wants you to enter into practise rather than going in for job.The money is not in job but in practise.There are so many powers given to a CA and you are still crying foul about salaries offered to CAs. In any case a student should know what he is doing and the future aspects of joining a particular field.The institute has not forced anyone to join the field, but the student has taken upon himself to select this career. I personally feel that the amount of knowledge that I have gained while pursuing courses like CA and ICWAI is highly valuable and to make use of this knowledge for other(read job) is highly useless.I guess you build a positive mindset and be aggressive.But I agree with your stats.

Thanks ......................................

Any one registered for gmcs batch no. 307 at vishwas nagar new delhi pls comment

Dont worry,in few years Ca Is no 1,

Shinoj...

See the full employment of CAs..

80 lacs package here an there can not top the MBA on CA...

I know lots of MBAs working for just 5,000 to 8,000 PM...

CA has its integrity in its policies...

So, keep ICAI doing what it has been done in past...

 

Smile On...!!!

Yes Anubhav has rightly mentioned...

You should not measure the quality of any profession just by monitory emoluments. Its all about the Opportunities, Knowledge, Quality of Work  and the Statutory power. You can earn in crores after few years if you start Practice with a right approach. And As far as Syllabus of ICAI is concerned it is trying to build Strong Fundamentals in several subjects like Direct Tax, Indirect Tax. Audit, Accounts, Cost Management, Finance, an so on ..which provdes so many optons to carry on. These much of flexiblility is  not available in MBA.

Moreover for a greater posts like CFO,COO companies give preferences to CA.s rather than MBAs

At the end I can only say that whether You do, CA or MBA or just  BA, its all about Individuals attitude, Capabilities and Will power that lands them on the  Top of their Field.

i agree with pravin chandra it depends on self capabilites and power a individuals.

You said it correctly "There is need to enhance the employbility of CAs in the big way........" i feell that CA still has lot of potential for improvement... refer my forum post

I agree with some of ur views guys..but want to say when r doing mba from  iim no body will say study for 1 more year coz u r not CAPABLE..but in ca final many take years to pass which is not good from any angle..beleive me even JOB front salary of CAs can be improved as CA knowlegde is very deep in auditing,taxation n accounts..when demand is LIMITED for CAs..taking large number of sudents through CPT is Money making practice which is not right..many do not join any job because to prepare for ca final even after completion of articleship..students of CA course r not guided properly by ICAI..ICAI never understands why students take Dummy ..they need to understand students;they need to increase stipend.see when recent recession came even IIMs found it tough to place students specialise in Finance field;so they get placed in Marketing with good salary..later many joined to finance field..but where CAs can go?ICAI never thinks this n control results..this needs to be changed..CAs need to send or improved for many areas..ICAI fails to understand why there is limited demand for CAs n how to improve it..Investment Banking,wealth management,consultancy etc...there r many areas where CAs can rock..but ICAI never  understands this..ICAI president say very afew students passing CA Final we have to make Entrance Exam tough..vice president say there is acute shortage of practicing CAs so we want to conduct CPT every month than on quarter basis to take more students..ICAI becomes like BSNL where its own policies killing it...

well said shinoj

disagree with u.....u should not see salary but the quality of a charted a cconyanat........!!!!
 

yes shinoj you r absolutely right...............

MBA's are getting more salary then CA's and CA's do more hardwork than MBA's and every student will take atleast 5 years for CA(first attempt) and MBA will take only 2 years and then also they are getting high salary.This a big question now a days???????

ICAI should improve himself so that even average student can also do CA who has a desire of doing CA