CAs beaten up by MBAs in Top Salary N Top comapnies..

shinoj (ab) (1201 Points)

22 December 2010  

CAs considered to be very tough exam.In the present scenario the pass % reached all time low but still there's no taker for exisiting pass outs..The ICAI campus programme not able to achive even 50 % but just 37% success..Companies saying icai failed to understand new companies requiements n emphasing on TOO MUCH Book learning n lack of application n presentation abilities..when the the top 15 B-school grads average salary crosses16 lakhs,ICAI highest salary is not even16 lakhs..Only 1-2 students(top rank Holders) who got through in HUL/P & G managed to get about15 lakhs..2-3 get observed by ITC/Nestle(1st Attempt) for salry 8-10 lakhs ..Now public Oil companies raised the bar n offering up to9 lakh..but about other pass out?even Big 4 paying them peanuts..The biggest problem with CA is the they have to work in auditing,taxation field can not be hired by Top Consultancies like Boston/Bain/McKinsey nor by Investment banking goldsachs..There is need to enhance the employbility of CAs in the big way...Many CA students believe once they get Degree they will rock is the wrong mentality..Believe me  CA is the not the best profession as far as salaries go but can be done to have more stability during turbulance time..Even ordinary grad of MBA is beating CAs in terms of salary..ICAI needs to change alot because derserving CAs not getting their Due..Doing MBA from 10-15 colleges is tough but not from other colleges as CA course is..There is something very wrong with icai policies..now CAs have become like Cable TV n MBAs have become like DTH ..ICAI has not upgrade us :)