I was reading our monthly CA Journal and saw a link available on Board of Studies for ‘Online Articles Placement Portal’.
I clicked that link (http://bosapp.icai.org/) and was disappointed to see that only students and CA firms can register and decide the respective placements. There is no room for corporates to register and hire industrial trainees. In my opinion, our Institute needs to add this facility on this link, to facilitate access of CA Students to various corporates for Industrial Training.
There are a lot of benefits of doing Industrial Training in the 3rd year of articleship when a student has already spent 2 years in regular audit work in a CA firm.
- One gets to know how a company actually works. This really helps in future as one can apply the same fundamentals to every industry or company.
- You learn about how to work towards improving the future instead of finding out mistakes of past – setting up processes, removing inefficiencies, taking preventive measures for non-compliances, analysing financial decisions with respect to their future impact and much more.
- If you do good work in a corporate during Industrial Training, you are likely to get placed in the same company post qualification. You will get better compensation because of your experience in that Company as a trainee and hence you get a better start in your career. For IT period too, a corporate will surely pay much more than a CA firm because of the low stipend rate limits set by ICAI for the CA firms. Though money in not an important decision making factor in the learning stages of career, one should know that what he or she gets paid is also decided on the basis of value of his or her work to a particular organisation. A corporate will surely put more worth to your work than a CA firm, even more than a BIG4.
- All these are subject to the Company you choose to work for. This should be true in most of the professionally run/ multinational companies.
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