industrial training Vs articleship

Hello Priyadarshini,

I am also going through industrial training. It is really depends upon you. if you want to go for corporate sector it will be worthy to go for industrial training otherwise audit firm is the best.

Thanks, 

hi lovenish.. thks for replying.. My friends say if we go industrial training our knowledge will be restricted to a particular area like.. if u r put Bills section u will know only about that.. how far it is true? How about your experience?

Unless you want to be a practicing CA, knowledge getting restricted to a particular area should not be an issue.

If you wish to start your own practice, you may work with a practicing CA.

If you wish to do a job, and wanting a career in accounts/audit, go to big 4 or accounting function of Industry.

If you wish to make a career in other fields (Investment Banking, Strategy Consulting etc), go to the companies of that sector and make sure you do work related to Investment Banking/Strategy consulting and not accounting/auditing work of an investment bank.

It depends on what you wish to do in future. There is nothing good or bad in any answer.

After doing audit/tax work in any firm, if you go for a job where you work as a strategy consultant or investment banker, it is but obvious that students who have done such work in industrial training or students from other courses like CFA, MBA etc  would get preference, better work and pay. Similarly, if a student does investment bank industrial training and goes to audit firm for job, he will find that students who have done audits are getting better prospects.

Hi Priydarshini

It is always better to specialize ourselves in some particular profile/ in particular industry. So even if you are put in a particular section, then it will be beneficial to you since you will be able to understand the specific transaction end to end. For example, if you are put in purchase section & made to process purchase bills, then you will understand the whole purchase process end to end. However, if you are given a very routine job like preparing cheque or filling loan processing documents or merely punching the entries in system; then you may land up in getting no exposure. The deciding factor is not whether you do the same work for whole year, but what kind of work you are doing. I suggest you start trying for IT. Understand your job profile during completely in detail during the time of interview. Then you will have clear picture.

I would like to add upon some more information. I know 1 student who want to pursue IT, but she is not able to because her CA is not giving persmission. On approaching article section in Institute, she did not get a positive response. I believe your CA will be professional enough to give you transfer, since IT may not be covered in recently amended transfer regulation. Else, you need to confirm from the Institute. If you get any further clarification upon this from ICAI, then please share with me.

Hi Priydarshini

It is always better to specialize ourselves in some particular profile/ in particular industry. So even if you are put in a particular section, then it will be beneficial to you since you will be able to understand the specific transaction end to end. For example, if you are put in purchase section & made to process purchase bills, then you will understand the whole purchase process end to end. However, if you are given a very routine job like preparing cheque or filling loan processing documents or merely punching the entries in system; then you may land up in getting no exposure. The deciding factor is not whether you do the same work for whole year, but what kind of work you are doing. I suggest you start trying for IT. Understand your job profile during completely in detail during the time of interview. Then you will have clear picture.

I would like to add upon some more information. I know 1 student who want to pursue IT, but she is not able to because her CA is not giving persmission. On approaching article section in Institute, she did not get a positive response. I believe your CA will be professional enough to give you transfer, since IT may not be covered in recently amended transfer regulation. Else, you need to confirm from the Institute. If you get any further clarification upon this from ICAI, then please share with me.

Dont worry about CA not giving transfer. Just ensure you give him 3 month notice. You need to inform him about your intention to do Industrial Training 3 months prior to the date from which you wish to start Industrial Training. Put it on record....use only written communication.

Hai all! I intend to go for emloyment after qualifying.. So i think i should try for IT. Institute has made rules that if we go for articleship we shd inform the principal 3 months ahead.... it is too early for me to inform him that. And 9 months of IT is minimum no?

Dear All

I referred to case wherein the intimation was given to by the article to the principal CA. But CA refused to give transfer. Upon approaching the Institute, the personnel in article section replied that the matter is between student & principal and ICAI wont interfere.

Oh..no.. I feel that a complaint shd be lodged with the BOS directly via mail.....

hi friend can you suggest in what way industrial training is best then articleship ??????