HI All,
I just heard recently after CWA institite has changed it's named and recent changes in law for compulsary cost audit for manufacturing companies has boosted the CWA qualified people. all the indian MFG companies like Coal India, MMTC, BHEL, NTPC, Oil India are going to CWA campus placements. I also heard CWA institute has fix minimum fee for any Cost Audits
In the last CWA campus placements every CWA student got a job with hefty package and highly demand. CWA institute has also made some good contacts with international institutes and got equal degree there as well.
I am not able to understand why CA institute is not making such progress.
Doing a ERP is not the solution to it, doing ERP jobs is also a challenge since you will have to travel with in country, you cannot establish at one place, your kids education have to shift every time. you will work as a software engineer for 10 year post qualification later you will never reach or grow to CEO, MD or any top management by just doing ERP, currently CEO and top management are paid in Crores(top ten is earning 50 to 90 crores per annum) and they all are on high demand. but India is lacking best CEO and MD who can really manage the corporates. The stuff and Caliber the CA has he/she can look for such directions and destinations. keep in mind, now in india top 50 CEO's, MD's and top management who are ruing the Finance industry are CA's.
Today even MBA's from Campus placements are paid more then CA Campus placements. it is all the mind set of the institute which has to be changed to place the CA students. Make international by lateral agreements to give the recognition to students.
Now a days Banking & Financial industry is having hot opening for CA's you can look for
The other direction is think of staring up your own practice initially you may be struggling for 6 months to 1 year and later once you have got enough clients you will shine. Now a practicing CA earns very good then an employee CA. you will get decent number of bank audits allotted as well.
Just start your practice with few individual returns, partnerships and look for private company audit and you will grow slowly.
Today for a qualified CA considering the present situation it is better to start practice. Hope my suggestions help you all
Thanks
Raj