Practicing CA - Please share your views

This query is : Resolved

Merina (Querist)
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13 April 2011 Hi Friends,
I am a recently passed CA. I have an intense desire to get COP and Practice.But I have got a lot of demotivating suggestions from many of my friends.
But a couple of days back one of my friends who is the son of a Practicing CA suggested me to practice.He told that number of CAs coming to practice is very few and the number of opportunities are growing heavily. If I start Practice in your opinion how long will it take to get established ?
I would also like to know what is retainer ship?

Please share your views...

ca cs shriyans jain

ca cs shriyans jain (Expert)
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14 April 2011 Gettng estd. In practice depends upon ur network ur ability to get clients nd provide them satisfactry services at competitiv rates. Bt a minimum period of 2 to 5yrs. Bt gud benifits aftrwards. All the best 4ur future ahead.
Wait 4othr experts opinion too.

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Dhaivat Trivedi

Dhaivat Trivedi (Expert)
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14 April 2011 do what ur mind and ur parents say, dont take other's view.
u might have to face low earning in starting years. if u and ur parents can adjust with this fact , get started,.....practise can give u better returns in future ..

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CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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14 April 2011 ap present scope is very wide for practicing CA. near term DTC, GST, IFRS will be applicable. it is new for all businessman and corporate. if anyone will master in one of that area then he/she can earn beyond imagination.
GST have a lot of scop in our practice field.
valuation course are also offered by ICAI, lot of scope in this area also.