Prospects for CA in share broking firms

1828 views 4 replies

pushpinder

job

41 Points Joined December 2007

Dear Freinds,

I Have qualified in Nov 2006, Right now I am working with a Leading Share broking company of india.

I had been selected for finance but now i have been put in operations of the company. Having profile of Debtors Recovery and sqare up.

Futher I have signed a bond for 1 and 1/2 Years.

Kindly advice me is there any scope for CA in operations? Or Should I quit ? If I quit then What about BOnd.?

Eagerly waiting for your vluable Advice.

Thanks

Replies (4)

Sambu Suresh

CA Job

564 Points Joined March 2007

YOu will have good scope. fortunately you are working in the right domain. best of luck

Sambu Suresh

CA Job

564 Points Joined March 2007

YOu will have good scope. fortunately you are working in the right domain. best of luck

Manu Kris

Market Risk Analyst

185 Points Joined October 2007

Hi Pushpinder, You can look at this problem in 2 ways/approach. 1) Operation- You may not like the job profile coz what you have learned is entirely different from what you are doing. Less( or No) Application of fiancial knowldge.BUt the positive side is that in india Investment banking BPo / KPO is flourishing like anything so the requirement for Operation guys are mor ethan the hard core research guys. Again sicnce u r a CA you will get a good chance to grow (means less competition). You can also join software copanies like TCS Infy as business analyst where u will be helping the Software guys in understanding the financial stuff.You will get to travel a lot. 2) research- Research is always a good choice application of ur knowledge is moree. But completition is more. u need to compete with CFAs MBA( TierI) .If u are good at research talk to ur management and try to get into research .If this is also not possible then stay there and complete the bond .. many investment banks are investing in Brokin firms so i think you dont have anything to worry. Its always better to complete the bond period , if u are soo frustrated the break the bond and try somewhere else( best approach would be to find a job and quit)....There are lots of oppertunities for CA now.. All the best Manu.CA final

Ullas Sanghvi

Chartered Accountants

23 Points Joined April 2008

Share broking firms need qualified C.A.'s ernestly in all operations. Compliances of Sebi ,NSE, Bse regulations are very difficult and time tasking jobs. Only professional should have good knowledge of various rules and should take point in marking mistakes. If management is not paying well, you can break the bond . C.A. code of conduct should not be a problem if you are not compensated well. But say after bond is over also you will have very good prospects with BROKING HDFC, IDFC, ILFS Etc.

Wishing you all the Best

CA Ullas Sanghvi