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Contribution of Outsourcing industry to our career

CA Sunny Sharma (Service) (234 Points)

23 November 2008

Hey All,

We all know that lotz of CAs are working in BPO industry for companies like Amex, Google, HSBC, OCS, Genpact, Microsoft, WNS, City group services, etc. and getting good salaries but i have one question what will happen if new President of US stopd the outsourcing to India???????? in Q3 almost 6.5 lac people in US have lost their Jobs so it is very muc possible that he can go with this decision.

what do you all think is it possible or what kind of problems it may result into????????????

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7 Replies

(Guest)

What I heard is there is a lot of deficiency of CA's in India and I really don't know about abroad. But if a person who really completed CA can get job in any circumstances even in a tough competiton. If he is not so then that person is not capable of being a best CA.

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CA Sunny Sharma (Service) (234 Points)
Replied 23 November 2008

Sir just go back to 1999 CA s were getting 10K pm as theri startin salary but now as we have lotz of options and BPOs are paying high salary so domestic companies are also forced to pay high salaries , i myself drawing 8 lac pa. now Imazine if BPOs are closed there will be a sudden increase supply of CAs because all the CAs workingin BPOs will start moving towards domestic companies and in that case i agree that a capable CA will get the job but will he get the good salary also ???????

Chirpy (32 Points)
Replied 23 November 2008

There is no looking back.Integration of world economy have finally reached at CRECENDO and level playing field in front of you.NO one can dictate terms to financial world and only those who have guts and toughest will eventually survive.even obama eventually lose his locus standi in this process.because cost cuttings will eventually became way of life.SURENDER CHAWLA M-9811578270

CA Sunny Sharma (Service) (234 Points)
Replied 23 November 2008

I like your answer sir than ks a lot..

Ajinkya (Article Student) (21 Points)
Replied 24 November 2008

Hi All,

I am PCC article student in India and working with BPO CA firm in United kingdom. I have one question, why american service providers (industries as well) will increase their cost even though India is cheaper than other countries?? American's are not s..p..d, it is planned strategy to reduce the cost more. Its matter of services not politics.

now just wait for next step of US...