More than 1 attempt????????????????????
Don't Engineering colleges have compartment exams?
And FYI, if a CA student doesn't pass in first attempt ;statistics show it's even harder to pass from next attempt onwards.
And it becomes even harder for them to bag jobs after becoming CAs.
--> CA students also have to balance work with studies.
The percentages which my co CA friends have told as .2% of total students pass ;that includes students who pass in multiple attempts.If u talk only about people who clear all 3 exams in 1st attempt;the percentage will be even lesser.
More than 1 attempt????????????????????
Don't Engineering colleges have compartment exams?
And FYI, if a CA student doesn't pass in first attempt ;statistics show it's even harder to pass from next attempt onwards.
And it becomes even harder for them to bag jobs after becoming CAs.
--> CA students also have to balance work with studies.
The percentages which my co CA friends have told as .2% of total students pass ;that includes students who pass in multiple attempts.If u talk only about people who clear all 3 exams in 1st attempt;the percentage will be even lesser.
My employer always used to tell that if u pass ca always in first attempt,u are not fit to become one.
For record ,i'm giving ca final second attempt this may.And blv me Ca is a long boring course.
Its not completely illogical. Just think about it.
Ive thought about it long and hard and its completely stupid of these guys to not consider articleship as work experience.Dont tell me working for a company/firm and handling audits,providing risk advisory services or legal advising is not work experience
After articleship if the student passes the final exam he becomes a chartered accountant , assuming he has passed all his exams in first attempt(in the new format) hed be of the age of 22.Many students become engineers at the age of 22 and then give CAT and join IIM .These people dont have ANY work experience and are still preferred over CAs who have some.
Now dont get me started on how important work experience is.
IIM should make work ex mandatory to increase their student quality and not just select the youngest engineer who can solve the most complex problem in calculus
Well u can't certainly blame IIM's for this.Our beloved institute is doing all wrong in this section
- Make it mandatory that even a person who is doing graduation can apply for articleship only after completing his graduation.In this case dummy would decrease and it wud put people who have colleges with strict attendance regulations and colleges with not so at par.With IPCC i blv this is more possible now.
- Reduce the articleship period to 1.5 yrs and then 1 yrs compulsory Industrial training who want to join industry,and 1 yr who want to open firms on their own.
- And increase the stipend to a level which is at least attractive for people who come after grad. 6 months -3000, 1 yr -4500,1.5 yr -6000
- person who wud be joining industry should have a base slab based on their lowest turnover for the past 5 years. It can be 15000 for a person joining suppose ADITYA BIRLA.
those who recommend that stipend should not increase,to them i wud say just look how much cfa interns are getting globally,and a mba student from a low tier college getting during his summers.Unless you make it look crimson,people wud migrate to further greener pastures :cheers:.
As per MAy2010 results;
Pass % of CPT - 27.55%
Pass % of PCC - 13.57%
Pass % of FINAL - 6.56%
If 1000 student get regd. for CA then
276 (1000*27.55% ) will pass CPT out of this,
37 (276*13.57%) will pass PCC out of this,
2 (37*6.56%) will pass CA Final.
So, Final Analysis is that if 1000 student get registered in ICAI then only 2 student will finally become Chartered
accountant( i.e, only 0.2%)
This is very much wrong assumption.Ur base field of 276 has been kept constant from cpt onwards which is very much flawed
Well u can't certainly blame IIM's for this.Our beloved institute is doing all wrong in this section
- Make it mandatory that even a person who is doing graduation can apply for articleship only after completing his graduation.In this case dummy would decrease and it wud put people who have colleges with strict attendance regulations and colleges with not so at par.With IPCC i blv this is more possible now.
- Reduce the articleship period to 1.5 yrs and then 1 yrs compulsory Industrial training who want to join industry,and 1 yr who want to open firms on their own.
- And increase the stipend to a level which is at least attractive for people who come after grad. 6 months -3000, 1 yr -4500,1.5 yr -6000
- person who wud be joining industry should have a base slab based on their lowest turnover for the past 5 years. It can be 15000 for a person joining suppose ADITYA BIRLA.
those who recommend that stipend should not increase,to them i wud say just look how much cfa interns are getting globally,and a mba student from a low tier college getting during his summers.Unless you make it look crimson,people wud migrate to further greener pastures :cheers:.
This is very much wrong assumption.Ur base field of 276 has been kept constant from cpt onwards which is very much flawed
Really good suggestions , my friend.
About stipends thing, I fully agree with you
its a high time, they should increase it. On a different note, One of my friend got Rs. 1500 p.m. as his last stipend before becoming a CA. After becoming one, i.e. just 6 months after his articleship, his per month ctc has become 75000 p.m. What a jump from earlier salary!!! :shocked:
One more suggestion, I would like to make here. Our institute should bring a Specialization like thing. Many students have no interest in subjects like Information Systems and all. Still they have to study them. Rather than include it in optional subjects and give extra options like some specializations in Finance , International Taxation etc.. which will have more detailed syllabus than the basic knowledge included in Mandatory Papers.
Our Institute also should start giving importance to Campus Placements. They should call the premier banks , Brokerages, Consultancy firms etc. They will be ore willing to come for placements. I remember, when 2 years back, Onam was a big thing in IIMs giving packages of 70 Lakhs and all, It also recruited 3 CAs from ICAI Campus Placements paying 70 L package.
Well u can't certainly blame IIM's for this.Our beloved institute is doing all wrong in this section
- Make it mandatory that even a person who is doing graduation can apply for articleship only after completing his graduation.In this case dummy would decrease and it wud put people who have colleges with strict attendance regulations and colleges with not so at par.With IPCC i blv this is more possible now.
- Reduce the articleship period to 1.5 yrs and then 1 yrs compulsory Industrial training who want to join industry,and 1 yr who want to open firms on their own.
- And increase the stipend to a level which is at least attractive for people who come after grad. 6 months -3000, 1 yr -4500,1.5 yr -6000
- person who wud be joining industry should have a base slab based on their lowest turnover for the past 5 years. It can be 15000 for a person joining suppose ADITYA BIRLA.
those who recommend that stipend should not increase,to them i wud say just look how much cfa interns are getting globally,and a mba student from a low tier college getting during his summers.Unless you make it look crimson,people wud migrate to further greener pastures :cheers:.
This is very much wrong assumption.Ur base field of 276 has been kept constant from cpt onwards which is very much flawed
I took the passing percentage of the 3 levels of may2010exams.
sushant1002001 SaysI took the passing percentage of the 3 levels of may2010exams.
Yes, the message u wanted to convey is very much clear. The percentage certainly is not more than 1% if not 0.2%. And 1% is also very small amount to make sure that CAs are paid at a premium
Omkar is it Onam 
or Olam International ?Latter i guess is a singapore invst firm.
Olam i guess comes in the placement fair in mumbai.Placement wise Eastern Region Sucks.Here i find 3-4 companies worth mentioning -ITC ,Aditya Birla,Barclays,Emami. Rest hordes of public companies are waiting to take u with stereotype profiles .
or Olam International ?Latter i guess is a singapore invst firm.Olam i guess comes in the placement fair in mumbai.Placement wise Eastern Region Sucks.Here i find 3-4 companies worth mentioning -ITC ,Aditya Birla,Barclays,Emami. Rest hordes of public companies are waiting to take u with stereotype profiles .
Omkar is it Onam
Olam i guess comes in the placement fair in mumbai.Placement wise Eastern Region Sucks.Here i find 3-4 companies worth mentioning -ITC ,Aditya Birla,Barclays,Emami. Rest hordes of public companies are waiting to take u with stereotype profiles .
Yeah, it is Olam only
It is not the investment firm. Though the head office is in Singapore, the posting was in Tanzania or Nigeria 
Also the actual in hand component must be quite less. But the offer letter was the same as it was offered in IIM A.ICAI can do wonders in Eastern Region if they conduct it properly. Any way, many good firms come to Joka for Summers/Finals so ICAI can align our placements according to Joka's Schedule
And I am quite sure many of these firms will even attend that placement fair.
IT's because the participation in brand building by CA alumni is disastrous in comparison to that of elite B-schools.
What do u mean by stereotype jobs?
CAs are allrounders.We as students may not have got exposure to Finance in articleship period(100pc of Firms don't deal in finance);we surely can acclimatise after proper short training and give IIMites a run for their money.:cheers:
What do u mean by stereotype jobs?
CAs are allrounders.We as students may not have got exposure to Finance in articleship period(100pc of Firms don't deal in finance);we surely can acclimatise after proper short training and give IIMites a run for their money.:cheers:
I guess your reaction is based on my post.
Well i did'nt say stereotype job, what i said was stereotype profile.
Have u heard any ca being a fiction writer, a marketing guru , a ca working in lowe lintas , why the hell i don't find a ca till date have delivered a budget speech , why don't i find ca in sports columns,and many more..
Well i can give u many names from iim's and other mba colleges who are doing this mostly.I'm not arguing just for the sake of it.U talk about training.There can't be any more rigorous training than articleship,trust me.
This is what i meant about profiles
.p.s.- And now I realise the thread is going nowhere.
well i dont blame our ICAI entirely.They have many diverse issues to tackle ranging from advising our finance ministry to promoting accountancy education in remote villages.
By the way i have friends in the big 4 who get good stipened , so thats not an issue.
If only they could improve our syllabus further(they have already done it but still) and attract big big companies in their campus placements then it would be a slightly more attractive course.
But still Chartered Accountancy is a very good course and almost none in our country can match up to the practical exposure this course provides
I guess your reaction is based on my post.
Well i did'nt say stereotype job, what i said was stereotype profile.
Have u heard any ca being a fiction writer, a marketing guru , a ca working in lowe lintas , why the hell i don't find a ca till date have delivered a budget speech , why don't i find ca in sports columns,and many more..
Well i can give u many names from iim's and other mba colleges who are doing this mostly.I'm not arguing just for the sake of it.U talk about training.There can't be any more rigorous training than articleship,trust me.
This is what i meant about profiles
p.s.- And now I realise the thread is going nowhere.
There is a fiction writer.CA Ahmed Faiyaz
?Another Chance is the morning after novel?, Entertainment - Books - Mumbai Mirror
A writer must persevere as its easier to talk about writing than doing it DNA : Daily News & Analysis Find Articles at BNET
What about Mohandas PAi of Infosys?He handles HR there and is a bigshot in hierarchy.
Shekhar Kapoor too was a CA.
In the state of Gujarat;recently a CA was elected to become Minister.
And before that;CA Jainik Vakil won polls from Paldi,Ahmedabad.HE is serving member in Ahmedabad Branch.
There are many;but all of them haven't become Chetan Bhagat yet.
But;regarding normal CA freshers;change is needed in the kind of profiles they get as freshers.I agree,they are too stereotypical.
Regarding articleship;i don't need an outsider to preach about its hardship.I have almost completed 3 years of articleship;and little more than 6 months is pending.
Hi All CA's here,
Have a really urgent query, and was hoping one of you would be able to assist. I am currently working in the Operations Dept of an I-bank, and am thinking of going for my further studies. I have to make up my mind between 3 choices and hope you guys can help me out. Please respond soon...
1. Quit my job, and prepare for IPCC/PE2, nov 2011, and then do CFA US alongwith my articleship.
2. Continue at my JOB and take coaching for IPCC, quit in aug, and study fulltime from then on.
3. Leave CA and do my CPA+CFA while working in my current job.
P.S. - Am 26, married in may 2010, and a Bcom grad.
I work a 11-12 hr shift 5 days a week
Hi All CA's here,
Have a really urgent query, and was hoping one of you would be able to assist. I am currently working in the Operations Dept of an I-bank, and am thinking of going for my further studies. I have to make up my mind between 3 choices and hope you guys can help me out. Please respond soon...
1. Quit my job, and prepare for IPCC/PE2, nov 2011, and then do CFA US alongwith my articleship.
2. Continue at my JOB and take coaching for IPCC, quit in aug, and study fulltime from then on.
3. Leave CA and do my CPA+CFA while working in my current job.
P.S. - Am 26, married in may 2010, and a Bcom grad.
I work a 11-12 hr shift 5 days a week
I would suggest option 3 after seeing ur age and marital status.
For CPA;u have to go to USA to give exams.
itna sannata kyu hai bhai.
I think being already working for an Ibank you would rather go for CFA US.
You will have to put in considerable effort and time for CA and take it up only if you are sure you will be able to invest time and energy adn study hard.
There is nothing like if you can go for CA + CFA but i really doubt if you would be able to take out soo much time because of your background and age.
You can continue job till Aug & then start studying after that (August) if you wish to do CA.
Or else if u wanna go for CFA too then I think you can go for the Level 1 exam this June itself and leave job right away. Level 1 can be given in Dec. as well but i think that would become difficult your PCC being in Nov.
Some problems i do have with the CA course is that i find the syllabus to be extremely impractical in parts.
Firstly the syllabus for the whole paper of IT in pcc is useless. The syllabus contains things that a CA does not need to know about and will in all probability never use.
Secondly, the duration of the course is abnormally long. why force someone to wait for 5 years to finally write the final examinations. It should be left up to the student for when he feels comfortable appearing for the final examination.
Thirdly, the duration of article ship is a whole 3.5 years which in my opinion is 2 years too much. what one learns from 1.5 years of articleship is more than enough( like how it is for the CS article ship). If a student is not working in one of the Big 4 firms there is hardly any chance for any exposure to big companies. and most CA firms make the student do the same things over and over, year after year. The articleship duration in my opinion is made so as to benefit the members of the institute who can employ cheap labour.
Barring the above i think the course is extremely well designed especially the accounts and MAFA syllabus. Any student who masters the accounts and MAFA syllabus can give even an IIM grad a run for his money in my opinion.
Hi guys.
This is the perfect thread i was looking for
now the dilemma is -
I cleared my CA in Nov 10 in first attempt (yeah 0.2% \m/)
I joined KPMG as a INTERNATIONAL TAX EXECUTIVE in March itself.
my interest area in finance although i dint get a good job in finance sector in chandigarh so had to manage with a tax job.
i was planning to do CFA (haven't enrolled yet) but now i think MBA finance would be a better idea.
okay the dilemma comes now ..
say i crack into IIM-B in 2011 (exploiting the weightage for CAs 
) .. i'll have about 8 months of corporate experience and i can do MBA finance then.
ISSUES:
1. what is the basis of weightage? marks in CA or every CA gets flat 5% ??
2. will my experience in TAX hamper my career as an MBA in finance?
okay say i don't get ample marks this time. I give CAT 2012 and get a call from some IIMs.. now my experience is 1.5 yrs approx and my dilemma gets multiplied by 2 :/ ..
what to do now?
one last question -
3. CFA or MBA???
my interest area is Corporate finance/Mergers and Acquisitions!! but i don't want to settle outside india.. wish to study and stay in india only..
drop your 2 cents guys 
Hi guys.
This is the perfect thread i was looking for
now the dilemma is -
I cleared my CA in Nov 10 in first attempt (yeah 0.2% \m/)
I joined KPMG as a INTERNATIONAL TAX EXECUTIVE in March itself.
my interest area in finance although i dint get a good job in finance sector in chandigarh so had to manage with a tax job.
i was planning to do CFA (haven't enrolled yet) but now i think MBA finance would be a better idea.
okay the dilemma comes now ..
say i crack into IIM-B in 2011 (exploiting the weightage for CAs
ISSUES:
1. what is the basis of weightage? marks in CA or every CA gets flat 5% ??
2. will my experience in TAX hamper my career as an MBA in finance?
okay say i don't get ample marks this time. I give CAT 2012 and get a call from some IIMs.. now my experience is 1.5 yrs approx and my dilemma gets multiplied by 2 :/ ..
what to do now?
one last question -
3. CFA or MBA???
my interest area is Corporate finance/Mergers and Acquisitions!! but i don't want to settle outside india.. wish to study and stay in india only..
drop your 2 cents guys :cheerio:
I would suggest that u get work experience of 2-3 years and at the same time pass 3 levels of CFA.Then only go for MBA.Give indian entrance tests as well as GMAT.
What did u mean .2%?
The pass percentage in nov2010 wasn't on o.2pc?
:How did u get your job?Was it via Campus placements from ICAI?
Could u share the situation of the placement scenario of CA fresher getting jobs in your place/region?
