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CA articleship - stipend

srividya (student) (52 Points)

22 July 2011

THE PRESENT MINIMUM STIPEND IS VERY LOW AS PER INSTITUTE RULES( during 80"S days, when the stipend was revised from 60per month to 150/- for first year, there was lot of protest from ca firms , for them the gumastha were just count of heads). The term GUMASTHA - CLERK SHOULD BE REMOVED FROM THE INSTITUTE DICTIONARY OF CA INSTITUTE. THE OFFICE BOYS WERE PAID MORE STIPEND THAN THE ARTICLE TRAINEE. WHAT CAN U DO WITH 30PER DAY . i HAVE READ IN TIMES OF iNDIA IIM STUDENTS IN BANGALORE SPEND A DAY WITH 20EATING STALE FOOD, ROAD SIDE FOOD ETC , IS IT THAT SORT OF TRAINING GIVEN TO ARTICLE CERKS.IN AUDIT OFFICE. HAVING CLEARED SUCH A TOUGH EXAM THEY DESERVE ATLEAST 12-15 K PER MONTH TAKING INTO CONSIDERATION TODAYS COST OF LIVING AND ALSO BECAUSE MANY ARTICLES HAVE T0 SUPPORT THEIR FAMILIES .

DOES ANY BODY AGREE WITH THIS.

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13 Replies

mehul (ca final student) (83 Points)
Replied 22 July 2011

IT IS TRUE, ICAI HAVE TO TAKE STEPS TO INCREASE THE STIPEND MINIMUM RS 7500/-

1 Like

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Sheli Sehrawat (SAP Business Consultant) (767 Points)
Replied 22 July 2011

I agree, because even i had to take a break from articleship and join a job in a BPO to finance my studies. With what i was receiving every month of full time training, wasn't enough for me continue CA Final studies.

We work as good as full time employees and devote 8-12 hours a day in training. Institute should consider this issue of increasing the stipend amount.

1 Like

sagar uttam shinde (professor) (179 Points)
Replied 22 July 2011

Agreeing with u will not solve the problem. ca institute is only for the members not for students. They treat student article like slaves. Institute need bonded workers for 3 years so that members will run their firms efficiently. Articleship experience is not fruitful to everybody as some gets in Big Firms and some gets in very Small Firms where they are treated like a peon. There are student who never even attend single day at ca office and cleared there ca final at first stroke. We need hell of a revolution in article training and stipend amount.

THE MOST IMPORTANT THING IS ARTICLE STIPENT IS LESS THAN A SWEEPER OF GOVT. OF MAHARASHTRA.

I don’t understand u people at CCI after every 10 days someone is here to complaint about stipend. According to me stipend problem can be solved by only 3 ways, be a president of ICAI to raise the stipend after u become CA ( which is technically unpredictable at this moment) OR all the students of ICAI file a PIL about stipend amount (which is technically impossible) OR You have to be a president of India (for this u should have strong political background like (RAHUL GANDHI)

Stipend will never be raise as per the market standards because when whosoever reading this becomes ca in future will need qualified and efficient labor force at lowest remuneration. So try to concentrate on being ca and that’s that

3 Like

SHASHIDHAR (DATA ANALYST/ STUDENT) (682 Points)
Replied 22 July 2011

But in some cities if the student pass both groups at a time. there are few firms which they are paying 16 to 25000. 1 year 8 to 12000. 2nd year 16 to 20000. 3 year 20 to 25000.. it depends upon a student skills and knowledge. wheather he/she passed a one group or both. and paying them on their qualification too.. because some students are coming directly after 10+2. so for intermediate students. it is better to pay low. there are some students who completed MBA and then coming to this profession they are getting more than what they expected.. on conditionally..

1 Like

* Krishna * (CA Student) (6149 Points)
Replied 22 July 2011

Originally posted by : shashidhar
	But in some cities if the student pass both groups at a time. there are few firms which they are paying 16 to 25000. 1 year 8 to 12000. 2nd year 16 to 20000. 3 year 20 to 25000.. it depends upon a student skills and knowledge. wheather he/she passed a one group or both. and paying them on their qualification too.. because some students are coming directly after 10+2. so for intermediate students. it is better to pay low. there are some students who completed MBA and then coming to this profession they are getting more than what they expected.. on conditionally..

AGREED.

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Mukesh Kumar Singh (CA-FINAL) (4094 Points)
Replied 22 July 2011

Originally posted by : shashidhar
	But in some cities if the student pass both groups at a time. there are few firms which they are paying 16 to 25000. 1 year 8 to 12000. 2nd year 16 to 20000. 3 year 20 to 25000.. it depends upon a student skills and knowledge. wheather he/she passed a one group or both. and paying them on their qualification too.. because some students are coming directly after 10+2. so for intermediate students. it is better to pay low. there are some students who completed MBA and then coming to this profession they are getting more than what they expected.. on conditionally..

Agreed.

Avtar Singh (article) (22 Points)
Replied 22 July 2011

icai have to wake-up nd be practicle for decide the stipend what it should be

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 22 July 2011

Originally posted by : Avtar Singh
	icai have to wake-up nd be practicle for decide the stipend what it should be

mnsss (Student) (99 Points)
Replied 23 July 2011

I think we cn send mail to the Board of Studies head, the Secretary or other people mail IDs Requesting them to revise the payscale of Article as per the Inflation rate. Atleast the Salary given shd be sufficient for us to continue Studies without depending on Parent/Guardian.

We can get council members mail Ids from -Council Members OR Institute Officials E-mail ids section of https://www.icai.org/post.html?post_id=2273

Ritesh Indian Son[CMA*CS*CA] (" Simple Living High Thinking ") (4117 Points)
Replied 23 July 2011

Originally posted by : shashidhar
	But in some cities if the student pass both groups at a time. there are few firms which they are paying 16 to 25000. 1 year 8 to 12000. 2nd year 16 to 20000. 3 year 20 to 25000.. it depends upon a student skills and knowledge. wheather he/she passed a one group or both. and paying them on their qualification too.. because some students are coming directly after 10+2. so for intermediate students. it is better to pay low. there are some students who completed MBA and then coming to this profession they are getting more than what they expected.. on conditionally..

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Vipul (ipcc-aspirant) (44 Points)
Replied 23 July 2011

Yes this is a real big issue.

No doubt about that,the insttute is wirking for its members,not for the students.

And it also pains me seeing that,fe forum users protest about us demanding higher salaries.One word to them, since u are in the process of becoming a ca,learn what is your right to get.the amount which u are getting is very much below market rates

A mba intern after 1st year gets nearly 10-15 thousand as stipend from a not so big college easily.

whereas after heavy toil,a ca intern gets a max of 2000 after 1 month from an ordinary firm.

At that same point i understand not every firm will be able to pay its articles with a salary of 10k + .

Also institute needs to radically change its position.

If it wants to attract talent and retain it, it also needs to change its position about its articleship ..I think an article can lear everything within 2 years.its enough for a person because he gets vat audit, stat audit plus stock taking if we consider the quarters.

in this way firms will not be burdened and it will also be helpful for a graduate.

P.s-From my example .I have completed in 2010 and recently gave my ipcc in may 2011.But from my calculations what i found that i will be 26 at earliest,if i clear my finals which is unlikely becuse i have messed my tax this year :(

So my economic condiions are a bit deplorable,and i 'm thinking to leave this and go for an mba ,as i had gven it last year also and secured calls from top colleges in the country..unluckily which i cud'nt convert.

That was my side of story.I'm sure many of theirs had their own.Only prob is the institute is sitting with a deaf ear.

SHASHIDHAR (DATA ANALYST/ STUDENT) (682 Points)
Replied 23 July 2011

FIRST THING DEAR MEMBERS.. IF YOU HAVE EXPECTING MORE STIPEND THEN YOU SHOULD HAVE GREATER QUALIFICATION. SECOND THING IF YOU ARE EXPECTING MORE STIPEND WORK WILL ALSO MORE IN BIGGER FIRMS YOU CANT EVEN EXPECT THAT PARTICULAR THING ( EXAMPLE BIG 4 FIRMS ) OR OTHER.. THERE IS NO CHANCE OF STUDYING OR SOME TIME SPEND ON BOOKS THIS WILL BE MINUS POINT. WHERE AS IN SMALL FIRMS THEY PAY LESS AND THEY GIVE TIME TO STUDY.. DEPENDING UPON THE SITUATIONS.. WORK . AND THEIR PERSONAL MENTALITY.

BUT ALL STUDENTS ARE COMING TOGETHER IN CCI. YOU STUDENTS CAN DO SOMETHING. BY SEND LOTS OF MAILS TO ICAI.. I THINK THEY WILL TAKE THIS INTO CONSIDER.. (MAYBE OR MAY NOT BE)