How young CA are treated today??

CA 3709 views 22 replies

 

How Big CA Firms and Corporate treat young CA today.

 

I passed my CA (final) in May 2011 when the results of the CA final were very good as compared to other terms. My parents and brothers were very happy when I passed my CA Final exam. I sat for campus placement from Bangalore.

Following Company selected me in the campus Placement Aug- Sept 2011.

1.     E&Y.

2.     KPMG.

My interview was scheduled on the second day of campus interviews. In KPMG there was a huge queue outside his rooms. I was feeling as if I was standing in the line of the some Public Sector Bank for cash deposit.CA were struggling and pushing each other in line so that they can get a chance for the interview. I was feeling very awkward and embrassing.I was standing with one of my friends for continuous four hours to give interview in KPMG. After that I was called for the Group Discussion with four other CA for G.D they gave us only five minutes for G.D in five minutes they have decided the we all have not qualified for the next round. According to campus rumours, KPMG have selected the required number of candidates they need rest they were doing the formalities. This is how they treat the young CA in campus. In off campus if u have some strong reference they only u can get interview call otherwise you will not get even a interview call.

My E&Y interview was held on the same day. In E & Y, I manage to get through the Group Discussion Round. As time was running out for E &Y, so they advise us to visit their office to complete the remaining round of interview in the next day. The next day I visited their office they told that they have selected the required no of candidates. No vacancy is there right now there in E & Y right now. They will reply only one thing we will get back to you if there is vacancy. But they will never get back to you. In campus I was feeling as if I have acquired some Graduation Degree not a professional degree.CA were pushing each other at each place whether in line or in line for food. No discipline was maintained.

3. After some reference, I gave the interview in Grant Thornton Bangalore one of the most unprofessional and un organized Big CA firm.GT is the black spot in the CA Fraternity and will remain so .I got the call from the HR that please come to Bangalore for interview they did not gave me the interview date, place and timings anything before coming to Bangalore. I went to Bangalore to give interview in GT.GT HR Manager is the big fool person you have ever met. She does not know how to speak. After arriving in Bangalore I call HR manager please give me interview date and timings. I was totally shocked when she told me for next two weeks no interview can be held as all partner of GT are out of town for work. She was such a fool that she could have told me earlier. I was requesting her in phone please give me interview date and timings but she told that you will get all the information after arriving in the Bangalore. She started telling me try in some other CA firms and big four. In Bangalore I did not knew anybody. Because of her unprofessional behaviour I lost around Rs 15,000 for travelling, food and lodging. After two days of continuous calls finally she agreed that my interview will take place on Wednesday at 4.00 P.M.In interview that asked me about AS, laws, Tax etc.After interview one of my friends informed me that one of the junior took my interview who was a B.COM graduate. They were not interested in taking me. She was such a donkey she knew before that no partner was there to take interview but she still called me from Kolkata to Bangalore. She knew that there was no vacancy in black spot Grant Thornton but she still called me. God knows who is wrong and right.

God will punish her in own way. In some way or another God will punish her so that she cannot treat young CA in such way. After interview they did not bother to call me whether I have been selected or not. I called her she told me you are not selected.

N.B:Please share this as much as possible so that it reach every nook and corner of India.

 

 

 

Replies (22)

thanks for sharing.....

at least got some idea .....how difficult survival is in cut throat competition

where several seats are just RESERVED in wrongful manner

now i got why most of my ca friends have started sole proprietary concerns for practice

may be this is not the entire truth but it forms a part of it

hey Vikash,

You're not the only one who's complaining about the unprofession behaviour of Grand Thronton. Even before I read similar shocking news about how GT treats the candidates. I support you. Let this be shared as much as possible and I request all the members of CACLUB to completely boycott GT. Don't apply for jobs n even for articleships.

Who is responsible for unemployment??

job market??

or

qualified CA's are not talented?

or

Supply of CA's are more n more compared to industry demand??

or

jobs are reserved for vip candidates even before conducting the interview???

HUGE SUPPLY OF CA S

 

NOW LOT OF PEOPLE PASSING CA EASILY

 

NO CONTROL OVER RESULTS

 

SO DEMAND AND PAY PACKAGES OF CA GETTING DOWN..

 

RECENTLY I ATTENDED AN INTERVIEW IN SOUTH INDIAN BANK.. 

PREVIOULY FOR 25 VACCANCIES ONLY 12 OR MAX 20 CAME

NOW AROUNG 600.. AS A RESULT THERE WAS GD AND FINAL INTERVIEW

SITUATION IS GETTING TOUGH

ONLY THE TOUGHER CAN SURVIVE

Agreed with VIKAS. You have atleast shared your experience but there many CAs who have been facing more worst situations and not getting any job for even around 20000K. U wont believe, one of my friend told me that he will do sucide if this stiuation continues as he is getting huge pressure from the family. His family is basically a poor family and they told what was a need to do a CA if u can not earn even 20000Rs...

Even if u get the job, No respect is given to CAs. Its like CAs are some labours....

Originally posted by : anand

HUGE SUPPLY OF CA S

 

NOW LOT OF PEOPLE PASSING CA EASILY

 

NO CONTROL OVER RESULTS

 

SO DEMAND AND PAY PACKAGES OF CA GETTING DOWN..

 

RECENTLY I ATTENDED AN INTERVIEW IN SOUTH INDIAN BANK.. 

PREVIOULY FOR 25 VACCANCIES ONLY 12 OR MAX 20 CAME

NOW AROUNG 600.. AS A RESULT THERE WAS GD AND FINAL INTERVIEW

SITUATION IS GETTING TOUGH

ONLY THE TOUGHER CAN SURVIVE

agreed

 

Yes If this situation continues, CA becomes National B.Com. I have seen some of my friends who are getting 15k per month. Some of them are saying that, these are not getting the job due they are not well in communication and subject etc., If this is right how ICAI has given the Certificate and why this type of questions like recently completed CA's are not having good knowledge, were not arised upto 2010.

 

 This implies icai is not considering market demand.

I hv also seen many ex where ca r not getting gud salary..........even my sal is also not gud.......i did articleship in a firm working in incometax mainly............n now m doing job in a firm where work is mainly ST n Govt audit,,,dont hv sufficient knwledge so it is tough fr me...........

my next article will throw more light on other corporates

Thanks for posting as it will through light on the current condition fresh ca

Thanks vikas for sharing your experience as till now i was feeling i was the only one  who was experiencing such sh*t. Same is my experience with co's & CA firms ( not even Big 4 or top 10) 

I really feel bad for fresh ca as after wasting & sacrifing precious years what the hell am i earning nuts & insults.

 

Dear friends. I saw few advertisement by the coaching centers that now CA course become easy. And even they are giving guarantee for CA pass or fess will be refunded.

The pass percentage is very high during the last few attempts ,the reason is ICAI is not increasing the standard. 10 years before people use to say that CA is one of the toughest course in India. They use to compare CA With IAS.

If number of CA's get increases it may affect on the jobs and on salaries and the other impartant side effect is it will also effect on the fess for the practice professional. CA will be forced to sign the balancesheet at  low fees.

Very near future CA will become the Advocates , like they open the shops before the courts for Notary, CA also will open the shops before  the Income tax offices.

 

But I hope ICAI will put some efforts to improve the standards and only the efficient students will come out.

Thanks'

Suresh sambu

A CA student should pass CPT, PCC, ITT ..........As an article one should live life in a self imposed exile unconnected from the whole world, running from pillar to post managing office work, tuitions and study.....bear all the sh*tty feeling of the principal..... give ur attempts........some lose their results in aggregate.....but still hope that  six months down the line you will clear it........... do GMCS course.......once you clear the final........ attend campus only to confront failure, either you are not shortlisted or you are treated as a stranger in the campus........wait & wait with no luck there.... try in off campus only if you have strong reference......and atlast settle for a meagre job or stay jobless for many months........after all this one feels that why ever he/she made this decision to do ca...... and instead should have utilised all the time in other avenues.........

I don't understand why doesn't icai revamp the whole ca course. it should modify the course in such a way that any ca passed student can easily get confidence and play a better role for himself and the society as a professional.  he/she should be able to run his practice or get placed easily. if ca passed students still face problems even after going through all the hardships for so many years, then what's the use of calling it a professional course....

 

 

Suresh what u said is correct. I think u r referring one of the coaching institute in Andhra Pradesh. Every  institute in AP is propagating that doing CA is very easy and it is easier than Engineering. They are misguiding students and parents by propagating that packages for newly qualified CA's are very high. They are saying that a fresher will get atleast 8 lacs p.a. upto 72 lacs p.a.  and also CA can be completed within 4 years and with total cost upto maximum of Rs.1 lac for the entire course. By seeing all this wrong propaganda students from the poor economical background are joining this course and I have seen many of the students who were unable to complete IPCC gaveup this course in the middle and ruining their lives and precious time. Apart from this the coaching institutes are also engaging film celebrities to promote their institute which shows their commercial attitude. I really don't understand why ICAI is remaining silent after looking all this nonsense which is being created by the coaching institutes. Students are coming from these institutes are not on their own. They cannot act think independently. They were made to mug the concepts and reproduce it in exams without understanding  the real essence of the concept. I dont knw about other states but this is the reality in AP.

thanks for the post........... really important information for the CA community

enlightened

 


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