Entry level package of CAs should be enhanced

Page no : 3

Durga prasad Ambati (Taxation, Pursuing CA) (737 Points)
Replied 31 March 2011

Good News ,   Please tell me the source,


CA Mansi Kotecha (Keep Smiling !!) (6890 Points)
Replied 31 March 2011

Thnx a ton sirji 4 sharing dis info....!!!

Really vry gud news 4 all CAs n CA student........

CHEERS:)


mr.caindia (ca) (35 Points)
Replied 31 March 2011

kaaheka good news yar.. abhi yeh sirf proposal hai.. abhi isper implementaion baaki hai.. y u guys getting so excited..?:0


Simranjeet Singh (Proprietor at S Simranjeet & Associates Company Secretaries)   (4396 Points)
Replied 31 March 2011

It's a very good news.......


ka@meeni (a learner) (272 Points)
Replied 31 March 2011

MEHGANGAI KE DUR ME  PACKAGE TO INCREASE HONA HI CHAHIY .

YEARLY INCREASES ABHI TAK INCLUDE NHI HUA H..........MST B IN UPDATED IT IN FUTURE DAYS....



shailesh agarwal (professional accountant)   (7642 Points)
Replied 31 March 2011

VERY GOOD NEWS FOR ALL


Sgcray (Accounts) (110 Points)
Replied 31 March 2011

Its not such a good news, as if u try to force it on companies, they will prefer to hire other professionals like MBA's, ICWA's etc.

 

You dont need to be a CA for most industry jobs these days. As most of you people working would know, that work could have been done by you even before passing CA.


Vikas Marele (CA in Service) (1144 Points)
Replied 31 March 2011

Dear you are saying that 50% hike in present salary slab. But whose d hell is saying that the current minimum Salary Slab for Fresher CA is Rs 50,000 pm..............?


Dhiren Beura (CWA,CA FINAL) (50 Points)
Replied 31 March 2011

Really a great news Yaar. This works as a really motivating force .Thanks ICAI.Thank you very much for sharing this information.


sanjeev (student CA CS) (295 Points)
Replied 31 March 2011

great neaws ............thanks for sharing

   awake arise achieve



CA Yamini (CA) (981 Points)
Replied 01 April 2011

:)..........................


Nabeel (CA) (3288 Points)
Replied 01 April 2011

Wat a news bro....... Thnks for the information......

I think it should be enhanced more....


Hemant (Student) (243 Points)
Replied 04 April 2011

Quoting from one of my earlier post on same subject. Hope this give an another perspective.

 

Let the market decides what is 'competitive package' and not the professional institutes.


In short run, this may sound like protecting interests of fresh CAs but in long run is not going to help. This is like having a 'protectionist' government at help trying to protect the domestic industries.


We have this in case of our economy but we all know its not the safegauring or protectionist armours we require but its the ability and confidence to market ourselves we need to have.


This move of ICAI may require many companies to look to recruit freshers from other institutes who are equally competent and undergo a very similar course.


Negotiating and bargaining are esestial skills and during recruitment we do exactly same to get the best possible CTC and ICAI should empowe its students into such skills. This will go a long way for them rather than setting up a ' floor price' for recruiting fresh qualifed CAs.

 

Hemant Joshi


bhavna (ca-final student) (120 Points)
Replied 04 April 2011

Originally posted by : Hemant

Quoting from one of my earlier post on same subject. Hope this give an another perspective.

 

Let the market decides what is 'competitive package' and not the professional institutes.




In short run, this may sound like protecting interests of fresh CAs but in long run is not going to help. This is like having a 'protectionist' government at help trying to protect the domestic industries.




We have this in case of our economy but we all know its not the safegauring or protectionist armours we require but its the ability and confidence to market ourselves we need to have.




This move of ICAI may require many companies to look to recruit freshers from other institutes who are equally competent and undergo a very similar course.




Negotiating and bargaining are esestial skills and during recruitment we do exactly same to get the best possible CTC and ICAI should empowe its students into such skills. This will go a long way for them rather than setting up a ' floor price' for recruiting fresh qualifed CAs.

 

Hemant Joshi

Mr. Hemant Joshi with all due respect pehli baar to Institute ne kuch kiya hai apne students ke liye..wat is der to be so cynical about it.....n this cieling is only for campus placements and not for off campus.....ICAI is not the only professional body to fix a cieling for their students every other institute does so...dis is juz a kind of pref that all profesional institutes want to give to their students and m pretty sure that while deciding dis package (which is very much competitive) they definitely wud be considering market forces.

N my friend if u think campus placemnts are easy ask people who hav been through it.

 



Hemant (Student) (243 Points)
Replied 04 April 2011

Dear Bhavna 

Lets not carried away from 'short term' protectionist measures. Being professionals or aspiring professionals from a top notch institutes, we and institute should be striving for developing skills which does not require to resort to measures like setting up of 'price'  (read CTC elsewhere in this note).

 

ICAI is the premier institute in field of accounting education in India so first, it should not follow the herd of 'second' rung MBA institutes to fix the the 'price' to hire CAs second it should  take cue from IIMs (another premier institute which focus on quality and skills   & not on setting up 'price' to get its gradutes hired)  to maintain in lead in professional education.

 

Market dynamics does not remain stable. Setting of 'price' by ICAI may help few students who may have  passed out final exam but may not have other skills (read - negotiating and bargaining, both equally important and relevant) to get a decent package but it will surely hurt many students who are really excellent as they may found companies may not give them package what they deserve (on pretext that they are offering what ICAI is asking for, at minimum). Its like a double edged sword which ultimately will hurt students only.

 

Lets ICAI focus on developing skills which makes its students relevant and market oriented and let the students explore their potential value in job market by ensuring maximum participation from companies across industries in campus placements.

CMA Hemant



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