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CAs not active in the startup world

Raghav Behani (Chartered Accountant) (944 Points)

21 March 2015

From Ola to Flipkart to any random startup today, I haven't read about a single CA student who went on to try creating a startup, forget a successful startup. Most CA students are discussing package and salary before even writing finals, this shows their orientation towards getting a higher packages. I am curious to know why CA's are lacking dynamism to create business while IIT and IIM and other B.Tech - MBA students are storming the scene. I am in noway saying job is not good but it would be good to see a few CA startups considering the fact a CA is really strong in finance, tax and account matters. There was a generation of CA's who ruled the Indian stock markets from Jhunjhunwala, Motilal Oswal, Anand Rathi, Ramdeo Agarwal, even Ketan Parekh. What are your views friends..

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32 Replies

PRADEEP S (Finance Manager(B.Com. M.Com. M.Phil. LLB. MA. MBA. MFT. MCS. CA Inter CMA Inter)) (216 Points)
Replied 22 March 2015

Hi,

Forget about startups and comparing with IIT/IIM, huge herd of CA's are joining in BPO/KPO in the name of "Career Opportunity" I am sure that I will receive lot of counter replies for my statement, but facts remains same.

Regards

Pradeep S

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Raghav Behani (Chartered Accountant) (944 Points)
Replied 22 March 2015

Originally posted by : PRADEEP S
	Hi, Forget about startups and comparing with IIT/IIM, huge herd of CA's are joining in BPO/KPO and assuming donkey job in the name of "Career Opportunity" I am sure that I will receive lot of counter replies for my statement, but facts remains same. Regards Pradeep S

Yes, I agree with you. They are snooping low to the level of B.Com level jobs and I have heard of CA's joining call centres too. Again we can't blame ICAI but it is the attitude and smartness of students which needs to change.. Hope ICAI comes with some career counselling modules.

Aarthi (Analyst) (252 Points)
Replied 22 March 2015

CA exams tough t clear. People spend quite a bit of time on that. At 22 or 23 u can become an MBA, even if u r a avg student, but that's not d case with CA, after completing the course already they find themselves lagging behind their peers and so there's a rush to become financially secure that they search for Paying jobs. Remember most jobs ask "either CA or MBA " thus equating both! Further CA exam corrections are strict unpredictable mostly. Doing CA is tough,lot of school toppers too fail, takes a toll on personal life so the passed students jump immediately for packages only ignoring the job descripttion.

sumeet (india) (267 Points)
Replied 22 March 2015

Agree, CA doesn't get what he deserve. A struggle of 5-6 years even more, so much study and finally so much stress. Basically our politicians have involved sharpest minds in form filing and all these stuff so that they can easily do what they want to do, because mass will follow them anonymously. Accordingly things are working. They change forms every year......why??......it is over my mind.

CA Raj Doshi (Practising CA) (8924 Points)
Replied 22 March 2015

At the age of 21 , you can become CA. I agree that new ca fraternity have a narrow vision. But the blame game cannot be ICAI. I think one is himself/herself responsible for narrowing themselves to a traditional paid job be it at a big Ca firm or at bpo/kpo. CAs can be the best businessmen and entrepreneurs. I opine they have forgotten that its lot more in doing business than accounting or auditing it.

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abilash (Student CA Final ) (28 Points)
Replied 22 March 2015

Bcos I think We are not trained as a Entrepreneur but rather as Managers or custodian of business. So our mind set is never of starting a flipkart but rather Work in it.

Ayan Kumar Ghosh (Assistant Manager) (56 Points)
Replied 22 March 2015

People should do what they love, love your work and don't follow money.degree is just an educational quality, dedicated to your work and it gives you everything.

ajit hegde (article) (82 Points)
Replied 23 March 2015

After completing 3 years of articleship, every student, most probably is under some financial obligation. Living 3 years in a metropolitan city with 5 or 6 thousand stipend would push us into financial obligations and immediate requirement of money! Taking risk of a start up at that time and age is practically not possible. After a couple of years of corporate job most of the CAs are habbituated to that work environment and your question remains unanswered! But being a CA knowing in out and out of the the business field would not be difficult to set up a business..

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RamRatan Chejara (Article assistant) (27 Points)
Replied 23 March 2015

If a CA final student is not pass ca final exam then what is other opportunity for him....

Nitesh joshi (Ca final) (115 Points)
Replied 23 March 2015

Originally posted by : abilash
	Bcos I think We are not trained as a Entrepreneur but rather as Managers or custodian of business. So our mind set is never of starting a flipkart but rather Work in it.

tell me who trains TATA and ambani

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deepak (Job) (69 Points)
Replied 23 March 2015

i think CAs are not ready to take risk , we are happy in the safe zone with an regular salary income .

it needs to listen the inner voice and readyness for taking risk for doing something out of the box .

sneha khemka (CA, article assistant) (72 Points)
Replied 23 March 2015

I come across students who wanna copmlete CA CS CMA all three all together.... now again weres the concept of "out of boxxx theory" all think alike its just that its a supporting to their name....

I dont know, but according to me one qualification is enough to be unique, wat counts is how u think nd convey yur ideas......

Raghav Behani (Chartered Accountant) (944 Points)
Replied 23 March 2015

Originally posted by : Nitesh joshi
	Originally posted by : abilash Bcos I think We are not trained as a Entrepreneur but rather as Managers or custodian of business. So our mind set is never of starting a flipkart but rather Work in it. tell me who trains TATA and ambani

Don't tell me CA taught Dhirubhai Ambani, Ratan Tata, etc to do business.

Amar Kumar (CA Final) (178 Points)
Replied 23 March 2015

Its a personal choice, to do anything or not. A person who doesn't want to start a business will never start a business, irrespective of being a CA student or not. You should ask yourself about what you can contribute to others and what you can do for yourself. This is what I've done/plan to do : 1. I setup my website www.easyca.info during articleship. Plan to make it a free online coaching portal after I pass. Haven't posted much yet. 2. Published an android application on Google play store. CA One - a simple bookmarks application for students. Over 1000 downloads. 3. Testing my stock trading strategy in virtual trading on moneybhai.com 4. Preparing for CA final G-1 . G-2 cleared. Instead of wondering why nobody is doing anything, you should start doing what you want.