Ask any newly qualified CA he will tell u he is planning to join some company or big 4 but don't intent to do practice privately..the reason is simple.the company will give atleast rs 25000 to fresher CA but in practice it is very diffuclt to set up..even rank 1 Mandar dixt also tried his hands on practice-mandardixit & company but closed it to join Sharp n tannan n later joied tata motors..mandar believe getting new client is very difficult..if u join some firm as a partner they'll give u salary n not share in profit..u have to compete big 4 on one hand n old players on another..
Atleast companies give prefernce to rank holders but nothing of this sort in practice..even after setting of practice for so many years there is no guarantee that u can grow as ur salary grows in corporate..it is only logical if ur father is qualified ca n practicing..then u can get client from day 1 n no exploitation....there is need of the hour this issue must be addressed by ICAI urgently because now more than 90% join to industry n remaining too not finding good scope in pratice..the cream companies have aquired by big 4..i also think the attitue of small n medium sized firms also need to be changed..else they will neither grow at client front not nor on quality man power in office...
CAclubindia
