practice or employment

hi friends,

i cleared CA in Nov.2007.i need ur valuable views in taking decision as to go for practice or employment.

the firm in which i did articleship offers me partnership.eventhough i like practice , the ground realties and other options(ie,employment) availabe are lucrative.i am confused as to what to do.

pls. express ur views and suggestions to help me take decision.

also i am not fully aware of the employment opprtunities available for CA.

help me out.....

Replies (10)
HI, according to my view, if you want short term benefit u can go for employment.u wont get any experience in employment.but if you want long term benefit and experience, you can do practice.
partnership is better for few years
again practise
i think u have to go to employment there take NOC from ur employer and join as a partner. after some period u can a right decision
I wud still give employment an upper hand over practice....If u look in todays environment, job opportunities available for CA have increased tremendously....Earlier in the field of I Banking only MBA's were preferred but now CA's are also looked upon....Why go further...jst look at the CA journal of Feb 08...u will find tht Goldman Sachs is looking for CA's...this shows opportunities available for CA's....I am not against practice...but some how I feel that I takes too long to set up your firm and that adds to ur frustration as in first three years u wud only be putting frm ur pocket....Also u need very good contacts for practice, to make it successful.....
ashok,vaishnavi gives correct advice.. i am fully agreed with her
first have job for some yrs and thn carry on practise
ashok,vaishnavi gives correct suggestion

HI

ASHOK

GOING IN PRACTICE IS ALSO A GOOD IDEA. U HAVE COMPLETE FREEDOM.

BUT FIRST  ONE OR TWO YEARS   HAVE TO DO A LOT OF HARD WORK AS U DO IN  PASSING THE CA EXAMS.

LOT OF THINGS ARE THERE IN PRACTICE .

GETTING CLIENTS

BE ACTIVE ALL THE TIME

KNOWLDGE OF ALL TYPES OF TAXATION AT LEAST BASIC KNOWLDGE EVEN IF U ARE NOT GOING IN SPECIALISATION.

INITIALY U SHOULD BE READY TO ACCEPT ALL TYPES OF RELATED PROFESSIONAL WORK .

OFFICE MAITENAMCE

FINANCE TO SUPPORT FAMILY 

CONFIDENCE LEVEL TO TAKE INDEPENDENT DECISION

ONCE IT IS SET UP U WILL ENJOY A LOT AND VERY EXCITING WITH FULL FREEDOM.

 

thanks i am also in same dilema

 

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