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Has CA lost its charm?

CA Mayank Tulsyan (B.Com(H), ACA) (274 Points)

20 July 2012

Do u all think that CA course has lost its charm now a days.

what are the changes u all would like to see in our course to make it regain the charm.

One change certainly needs to be the criteria of Final Results. ; ]

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72 Replies

sumit moti ramani (Yet to get) (54 Points)
Replied 20 July 2012

in what sense u r saying that ca has lost its charm

Priya (article) (503 Points)
Replied 20 July 2012

Analysis of current position - passed out 5100 both grup + out of 29000 single group students , atleast 7000 completed ca course . . .total ca pass outs = 12000 out of those opting for practice approx 1000 , and employment rate 10 -15 % approx so 1000- 1500 employed and so the number of CA passouts that will be left unemployed after campus = 10000 CAs... if 10000 unemployed is not a bad news then i dont know what bad is....

6 Like

CA Kumar jain (Manager) (222 Points)
Replied 20 July 2012

in past years icai has declared more than 25% results in both group, so dont worry about the charm of ca, plz left it on icai......

1 Like

Sushant Lohani (CHARTERED ACCOUNTANT) (1051 Points)
Replied 20 July 2012

@ Priya.........See these posts:

/forum/shocking-video-from-ca-campus-placements-2012-sad-193183.asp

/forum/campus-2012-why-didn-t-itc-fill-its-vacancies--196317.asp#.UAmVfNl4W4A

CA Abhirup Kar (CA) (92 Points)
Replied 21 July 2012

Frnz, dont panic, as we all knw, by 2015, as per the treaty with WTO, India has to impliment IND AS , Dirct tax code, GST, Company bill,etc.. During dat regime, the demand for CAs will automatically increase..

Blaming ICAI is meaningless.. They wont do any such thing which will affect d career of CA's...

1 Like

Priya (article) (503 Points)
Replied 21 July 2012

in the video its clear that students have been reduced to those desperates as seen in natural disaster some resue team throws few food items and hundreds of people run n fight to take the food.

1 Like

Sushant Lohani (CHARTERED ACCOUNTANT) (1051 Points)
Replied 21 July 2012

@ Abhirup:

Ask any fresher from May2011/Nov2011 batch who didn't get a job @ campus.

Even the ones who got jobs at campus aren't happy ; but they r bound to continue because of job market.........pass more cAs w/o ensuring quality.........There might be such situation when CAs will open their small makeshift office infront of ROC offices and shout like a hawker like "mere se Cert of Incorp bannwalo; mein 50 hi letaa hu" or sth like that ... (just like we see vakils under black chhatri o/s municipal courts)

2 Like

KARTIK (JOB) (240 Points)
Replied 22 July 2012

THERE is ALSO ONE SIMPLE LOGIC, IF SUPPLY INCREASES DEMAND DECREASES...

I KNOW MANY OF MY FRIENDS WHO WERE STRUGGLING TO CLEAR FEW YEARS BACK CLEARED WITH LESS EFFORT THIS TIME...

DOES THERE INTELLIGENT GREW UP SUDDENLY, DO THEY BECOME SMART QUICKLY..

WHEN I ASKED THEM , THEY SAID NW THE VALUATION IS VERY LIBERAL now.

what icai shoul do to control the supply

1) increase the aggreggate to pass from 50 to 55 % rather than manipulating the result, which cannot be done nw coz of RTI.

2) increase the standard of questions.

Shashank (Manager) (800 Points)
Replied 22 July 2012

Hye all,

Before commenting anything, I would like to ask you all, do you thing 10,000 CAs can sit unemployed?

If you don't get a job, will you sit idle?

Shashank

Christopher Clark (NA) (55 Points)
Replied 22 July 2012

In past years icai has declared more than 20% results in both group, so dont worry about the charm of ca, plz left it on icai......

KARTIK (JOB) (240 Points)
Replied 22 July 2012

@ shashank...

not only unemployment..

there is underemployment.. ca s are working for 15 k.. this is reducing the market value of the profession..

i know some of my friends wrking for such a low salary

1 Like

Shashank (Manager) (800 Points)
Replied 22 July 2012

Institute cannot be held responible for the fact that somebody is working in Just 15k per month. I will tell you my experience:

I am currently working in Dubai and was looking for 4 CAs for my depatment. I collected some CVs through Naukri.Com, Monster.com and from a Local HR Consultancy Firm. I got around 200 CVs and shortlisted around 120. I called at least 70 candidates... none of them were ready to come to dubai. We were offering a CTC of around 17 Lakhs to a fresher. And our Group is one of the biggest groups in Dubai.

It was a very bad experience for me.

it is not like that there are no jobs in the market. There are lot of people who want to maintain the status quo.

There is another reason for this. Lot of people want to go in practice. So they prefer to be employed in Firms. And you know how firms pay.

Last but not the least, CA is a prestigious qualification. We are meant to be the best brains in the society. In the initial years doing a Job is fine and I really appreciate this. Earn some money, be settle in life. But after a certain time we should utilise our skills in order to improve our society. Don't be dependent on anybody else. Be an enterpreneur, be the reason for jobs for another few people. We have the skills and confidence to succeed. then why to rely on anybody else.

Shashank

4 Like

Shashank (Manager) (800 Points)
Replied 22 July 2012

today more and more IIM grads are leaving their lucrative pay packages to be an enterpreneur. We always compare ourselves with IIM Grads, buy why we dont think like them. The problem is not with increasing numbers of passouts. The problems are within our minds. If we want to be successful in life, we need to overcome this.

I am in a job now, because I dont have enough experience of doing a business. But it will come in few years. and I dont see myself working under anybody for more than 2-3 years from now.

Shashank

4 Like