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No Value of CA's

Ameet (L) (1678 Points)

04 May 2009

There is no value of CA's as of day as i m feeling. CA degree is kachra degree. last 3 month i.e, from Jan. i m searching a job. but no place for fresh CA. And CA institute introducing a various scheme day by day to just earn fees. i m fed up. i have scraped by CA degree with fire. now i m trying MBA from IIM. & Institute again & again saying that there is shortage of CA. all this thing is bullsh*t. & they just want to earn money. passing again & again favourable to member & providing cheap labour by way of CPT. & thats way institute minimum stipend is Rs. 1500/- instead of Rs. 20000/- . Call centre person is earning more than us who evan does not equivalent degree. I fed up & very angry . Today or day after u all will also face same problem & will realise the mistak in choosing this career.

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37 Replies

Ashish (Audit) (26 Points)
Replied 04 May 2009

Originally posted by :Ameet
"	There is no value of CA's as of day as i m feeling. CA degree is kachra degree. last 3 month i.e, from Jan. i m searching a job. but no place for fresh CA. And CA institute introducing a various scheme day by day to just earn fees. i m fed up. i have scraped by CA degree with fire. now i m trying MBA from IIM. & Institute again & again saying that there is shortage of CA. all this thing is bullsh*t. & they just want to earn money. passing again & again favourable to member & providing cheap labour by way of CPT. & thats way institute minimum stipend is Rs. 1500/- instead of Rs. 20000/- . Call centre person is earning more than us who evan does not equivalent degree. I fed up & very angry . Today or day after u all will also face same problem & will realise the mistak in choosing this career.	"

hey dude ur 1 point of cheap labour is ryt bt i do not agree 2 ne other points of ur's...

firstly of all if u dnt get jobs den der's sum FAULT in urslf no need of blaming our institute..

secondly if ders no calibur in u den no1 cud hlp u xcpt urslf 2 devellop tat quality in u....

thirdly i cleared ma articles last month n also cleared finals..

n i got job in a big firm (sry cnt mention its name here) vid a high package (approx 8.5lkhs)...

so nw u need 2 develop urslf instead of blamin dis highly valued degree...

Ameet (L) (1678 Points)
Replied 04 May 2009

for u'r kind information, i cleared my CA final , Inter & Foundation with first attempt & in TYBcom all over india Ranked. i won many awards in presentation, GD & logical test & other in state level. I have knowledge in Audit , Account, Income Tax , Sales Tax , Scrutiny appearance to ITO, ACIT, DCIT, CIT (A), VAT , U.S. Tax Return & Much More during my articleship. Therfore the Question of my calibur u can evan imagine bachu . The main probelm is that they want post experience. i have not given other degree information chinto.

Prodyut Banerjee (Advocate) (309 Points)
Replied 04 May 2009

Ameet. It seems you are intelligent enough. Try CS. You will certainly get a decent job in no time after getting ACS. Yes I can not say about a very high starting package (8.5 lack) but certainly you will get a decent salary. I am telling from my personal experience. I am a CS with 6 years experience and Just after passing I got a job very easyly (certainly at a moderate package. but at least no problem to head start your career) and changed job 4 times in last 6 years to increase salary. Presently I am working at Dubai at a Remuneration of 28 lac (INR) p.a

Prodyut Banerjee (Advocate) (309 Points)
Replied 04 May 2009

However IIM is always the best option.

CA-CWA RAVI (CA-CWA in industry) (5464 Points)
Replied 04 May 2009

well amit is right to some extent

many friends of me who were appearing the campus placements are also suffering from the same

they call 1000 people and select only 150

wat about the rest 850? they have to see themselves job for them widout having any xperiance

really very sad to listen but yes it is happening around friends

i hope this recession perid gets over as soon as possble and companies shall start hiring again wid good package ( in 2007 second batch of campus plcement average was 8.5 lacs now in this 2009 first batch average is mere 3.25 lacs )

prateek (CA Final) (355 Points)
Replied 04 May 2009

dis is demotivating for us brother...........we r jst goin 2 appear for our pcc.........nd all dis stuff.........

well u dnt leave hope.........u ll gt ur job soon

Prodyut Banerjee (Advocate) (309 Points)
Replied 04 May 2009

The job market is really bad now. My friend is CA with 7 years experience (2002 May term). He has lost job and sitting idle since 1st Dec, 08.

Mitesh Gandhi (Assistant Manager - Accounts) (52 Points)
Replied 04 May 2009

Dear frnd,

i can understand ur feelings but u also know our Institute is most reputed all over world. Do not loose ur hope. Raat ke bad hi savera hota hai mere dost.....shayad uperwale ne tumhari kismat mein kuch aur hi likha ho.

Have u ever heard abt Mr.Narayan Murthy ( Infosys, fuonder) , Wipro refused him for job but by his passions and hard work he manage to build such a big company...........

All the Best my frnd.....

Sathyanarayana G (CA) (1121 Points)
Replied 04 May 2009

CAs are not suitable for employment. They are best for enterprenuership. So please start practice. There is no competition and the scope is unlimited.

1 Like

kamlesh ( make ca) (34 Points)
Replied 04 May 2009

but i m not satisfied to all argument because every field is good our think is wrong

CA Mohit Agarwal (Chartered Accountant) (1025 Points)
Replied 04 May 2009

hi ameet,

i understand your feeling. Dont loose your hope. One day u will be on top of world just bcz of this great degree.

CA Tilak Raj Sharma (Practising CA in Solan (H.P.)) (6374 Points)
Replied 04 May 2009

I am not agreed with Ameet. If you are not able to clear an interview how can you blame the ICAI. I have done job for 5 years and seen lots of CAs cannot the clarify the basic accounting tests even the CAs having job experience. I was not CA at that time but I had to take their interviews and many had worked under me. Its just depend on your caliber man nothing else.

Its true that due to recession there is job cut in every sector even IIM are facing problem for job replacement for their MBA students.

So donn;t lose heart and try your best. You will get the job soon.

Ameet (L) (1678 Points)
Replied 04 May 2009

ha ha ha ! boss i first of all no call from the co. for interview . one of the recent interview i attended & cleared GD, Aptitude test, HR Interview & what scal hey offered me the Big Limited Co. ---Rs. 15000/- p.m. they did not have sham to say this package for Chartered Accountant for finance position.