Chartered Accountant Talk

 Has any average student made it to the Big 4 CA firms? First of all, please define what is the meaning of average? If you think that scoring 60% marks in 10th scoring 70% marks in 12th, taking much time to understand the concepts, sits at the last bench, is not good in academics, is considered an average, then I would suggest you to re-define the definition. An average is one who dreams a lot but does not take any action. So, if have scored 60% but are making efforts towards your goal, then you are not average. You are on the path to becoming the best in what you do. And apart from this, if you are an average guy, then your worth is more than the one who is excellent in his field, as the latter chances for improvement are less as compared to the former. Coming to the point,  yes an average guy like you and me can crack Big4 interviews. Note- Have a question for anything? Ping your question on my Linkedin profile( link in bio) and I would answer it through Sunday video call. I would sh

  Let us assume 1000 people decide to do CA. They appear for  CPT . Only 40% pass.  400 survive They appear for  IPCC . Only 12% pass.  48 survive They appear for  Final CA.  Only 8% pass.  ~4 survive Out of 1000 people who entered the industry, with dreams in their eyes and aspirations of being CA’s, a mere 0.4% were able to achieve it. Now they have to compete to get jobs! Between IPCC and Final CA, your schedule looks like this - Weekdays - 7 to 10 - Attend college in the morning 11 to 8 - Slog in the office By the time you reach home, you realize you got CA stuff to revise, any pending office work to do, you need to talk to your friends (If you still have them), follow your hobbies, etc. Weekends - 6–7 hour classes. For some people even Saturday is working, totally screwing up their work-life balance. Oh wait, for that a CA student needs to have a life! Add to this - outstation audits, college fests you have participated in, any other course you are pursuing and if you are in Mumba

  You mentioned the job profiles the two companies have offered you. You mentioned that CTC of both companies are similar. But the most important thing you missed here is:  What's your interest and what excites you.  Having changed two jobs already in as many years, the most important thing I have learned is to go for the job in which you have natural interest. If its your first job then it becomes more important for you to make an informed decision. Your first few years in the industry will set the tone for rest of the career. While selecting your job take a long term view of 5,10,15 years from now. What you’d enjoy doing for the rest of your life? Don’t fall in the common trap of choosing a job based on limited criterion like CTC, Brand name or some ill-informed friend’s recommendation. Don’t be among those who go into job just for a sake of it and find themselves no where after 4–5 years and realize that this is not where they wanted to be. But then it gets too difficult to swit

 What will be the salary of a CA plus CFA? A  Chartered Accountant who also does CFA,  becomes a  DemiGod   in the field if  Accountancy and Finance.  Every company would want to hire you if you show the required  skill sets and solve real problems . Salary after completing both  CA + CFA  depends on  2 major factors  such as: Organisation you work in ; and No. of years of experience you have. For your question, a person working in an average company having atleast  3–6 years of experience as a CA + CFA  can easily make anywhere between  ₹1.2lakhs to ₹2lakhs per month  (as per a verified survey). Some top companies hiring candidates with such credentials are mentioned below :- Deloitte KPMG EY PWC JP Morgan and Chase Goldman Sachs Grant Thornton Morgal Stanley Barclays Hope my answer gave a clarity and understanding with regards to your question. https://caxtalk.blogspot.com/2020/12/what-is-harsh-truth-of-ca.html

 What is the salary of a chartered accountant? Getting a CA Final Rank takes you 5 years ahead in life. Like literally. The average pay for a non-ranker is 6–9 lakhs. A CA Final ranker FRESHER will at least on a minimum on a conservative basis secure a job of  15–18 lakhs and goes up to 27–28 lakhs with the marquee FMCG Companies. The big-ticket companies like P&G, Mondelez, HUL, RB, BCG, McKinsey, Baines takes  only CA RANKERS. So I would highly recommend all aspiring CA Students to redeem themselves and prove your abilities to the world by  getting a rank at any cost in Final CA. So from a job perspective, the salary on your first job depends on - Attempts and rank  -The bitter truth is attempts do matter in your first job. 14000 people becoming CA in an attempt company need criteria for filtering people. I completely agree that attempts are not a measure of your Calibre but that's how the system is. Big 4 articleship -  A big4 articleship gives the confidence to the recruite

 What is a harsh truth of CA? EDIT: 1 I Cleared my CA FINAL GROUP 2 on 23rd Jan 2019. All the hard work and support of parents and sisters has been paid off. ORIGINAL ANSWER: March 2012 before joining the CA course I was very Frank person,extrovert, I used to play cricket, going to family functions, friends parties and all the things I used to do but when i started CA I didn't know that how much I would have to sacrifice. I was not aware about this fact that I have to leave all this things which which I could not left at that point of time but somehow an 18 years old guy joined big profession. Looked like this… In 2013 I cleared my CPT entrance test then I thought entrance has been cleared now officially m doing CA course. I started preparing for IPCC and then my real sister's marriage came and I stopped studying in the same way as I used to do in Bcom. but in November 2013 I have given exams and I failed, couldn't cleared,remained short of 10 marks I was shattered because

  ICAI has said that CA November admit card 2020 that has already been issued would remain valid for the rescheduled date Institute of Chartered Accountants of India (ICAI) has on Tuesday, 24 November, postponed CA November 2020 exam for candidates in Tamil Nadu and Puducherry. The decision to reschedule the exam has been taken by the Institute in view of heavy rains due to the Nivar cyclone and consequent disruption of normal life. According to a notification shared by ICAI on Twitter, the Intermediate and IPC Examination in Tamil Nadu and Puducherry will now be conducted on 9 December. The Final (Old & New) Examination will be held on 11 December at designated exam centres in both the regions. ICAI has said that CA November admit card 2020 that has already been issued would remain valid for the rescheduled date. The CA Intermediate (Integrated Professional Competence) Examination (Group I), Paper– 2, Business Laws, Ethics and Communication & Intermediate Examination (Group I)

 What is the dress code for the CA articles in the Big 4? Big4s will not give you any waiver for you being an article in terms of their dress code policy. It is strictly formals, i.e. A formal shirt (preferably light coloured) and a formal trouser (a darker shade) along with a formal tie (yes formal, because your thin party ties and shiny cartoon ones will not work). Some firms have a policy of keeping the tie optional in the summers in India (lucky you). For females, it is the same as above without the tie, alternatively one may go for a punjabi suit /kurti with a dupatta. Skirts are allowed, provided the length is business appropriate, i.e. Knee length. Sleeveless are generally not allowed with a little exception off late. Most Big4s have the trend of a business casual friday attire. That would permit denims with casual shirts or firm branded tshirts. It is advisable however to be dressed your best for atleast the initial 2 weeks and observe the trend and blend in. Overdressing is no

 Is it okay to start practice immediately after clearing the CA final? I have done my articleship in my home town where I want to open my own firm. Generally, it takes about 3 years to break even, if you set up your practice. Kindly note that there are only 3.13 lakh Chartered Accountants in India a of 1.4.2019, of which there are only 1.34 lakh Chartered Accountants in full time practice. For nearly a US$ 3 trillion economy of India, the number of Chartered Accountants in Practice in India is deplorably low. However, the expectations of the different sectors from Chartered Accountants in practice is different, and you will take a couple of years to get to know the nuances of the client expectations on the one hand, and develop required professional skill sets to deftly balance between growth and diversity. Having said that, it will be relatively better, if you are able to become a partner of an existing CA firm, so that you get rich exposure in diverse sectors, different regions and i

 Can anyone share their misconceptions about the Big 4 that they had before joining as a CA article? Here are a few - I thought getting into a BIG 4 itself is a huge achievement - No, it’s not. Many others do it too. I thought BIG 4s overwork people - No, it’s about how efficiently you make time for studying. I thought BIG 4s won’t be student friendly - No, BIG 4 is an amazing place to do articleship, better than most mid-firms actually I thought BIG 4 people are snooty - No, they are normal human beings just like us I thought BIG 4 is worth joining atleast for the stipend - No, it’s totally worth it even if not for the stipend. Stipend is just the cherry on top of the cake. How much does a CA (chartered accountant) earn in India in 2020? How do I manage a CA articleship with the CA final preparation? What are the names of India’s top 5 chartered accountants in 2020? articleship experience in deloitte ey articleship experience ey articleship stipend big 4 ca firms articleship stipend c