As I Approach the end of The Beginning…..

A typical conversation that happens between a Staying-away-from-home CA final student and a Oh-Am-So-Practical set of parents goes on as follows:

Scene 1:

Place: The Hostel of the student- Chennai

Scene: Study Holidays near the date of exam..sometime during Mid-April or Mid-October , a fine breezy evening ( in case its October and a sultry one if its April).

Student (S): Mom, I am tired of this NON-SENSE!!!! ( pls. note the all CAPS and the triple exclamation marks there)(tears welling up because of utmost frustration)frustration

Mom(M): Why ?? Whats wrong??? ( worried she is, immediately her mind and thoughts wandering off to the most horrendous situations)

S : How much more should i slog and study? There is no *&%$ end to this!!

M : (Exhaling out of relief..) ohhh.. ivlo thaana…. nan romba over a imagine panniten. (meaning: Ohh is this all… i imagined way too much )

This itself should give you a summary and help you imagine what would have happened next. The parent gives a top-notch Gyaan about how this is just the beginning of all those bad, baaaaaad things that are yet to come and how we should be thankful that we are not there yet and how we must see the present situation as a mere practise session etc……

Right, I know what you must be thinking… I was trying to make a point about the title. Earning a Degree is just the beginning.

As many of my friends and Yours truly are nearing the end of our Articleship stint, many thoughts come and sit on our minds like the young couple in Marina Beach after 6 PM ( they really don’t move out unless its real dark and past 10 PM)…Though we have a lot of ideas on what to do next , it so happens that we get all moody and worked up for nothing because of all these thoughts.

Uncertainity about the results hang above us like a dagger in the air that is reday to chop our heads off and it complicates our woes further.

So, as far as we benchers have brain-stormed, I present to you all the following ideas that has occured to us.

Situation 1: In the event of a CLEAR!!

clear

  • Celebrate! Celebrate!! and Celebrate!!! because this is not the result that we often come across. Practise saying “Thank You” a million times and ” Ohh.. you din clear? That’s sad da. Institute is so bad %&%$ and I myself dunno how i passed” sort of remarks two million times.
  • Distribute Sweets in your erstwhile office and promise them a bigger treat later when you get a good job ( conveniently thinking that “unakellam idhuve jaasthi” or ” catch me if you can”)
  • Check with the present office ( In case you are in a BIG 4 or doing Industrial Training) if they are thinking of retaining you and taking you in as their permanent employee.
  • If it is a Yes, do a cartwheel and flash a biggie smile.
  • If it is a No, still do a cartwheel and flash an even bigger smile and start updating your CV, LinkedIn profiles etc.

Situation 2: In the event of 1 FAIL or 2 FAILs..

fail

  • Call up your friends and check up on them to know their results and do the Hi5 when both of you are on the same boat.
  • Check updates on the Institute website to see the syllabus for the next attempt and consider retaking the classes if need be.
  • Keep calm and continue to complete your term of articleship and then decide to take up a job ( in order to gain experience ) or to quit and sit and work harder ( hoping an all clear in the upcoming attempt)

'Your resume is impressive, but next time try to shorten it from 100 pages to one.'

Now, in the second situation, all of us will have such confusions and will not know how to proceed. The advantages of taking up a job after the articleship might be a) fill in the gaps in the CV b) reduced idle time and hence less instances of the mind turning into a devil’s workshop c) networking and connecting to people and building up your contacts while the cons would be a), b) and c)-> TIME!!!!

books

The advantages of preparing mainstream for the exams are also aplenty like a) full time focus b) time availability to tweak your routine and experiment a little with it etc while the disadvantages would be a) gaps in the CV b) lack of meeting people outside might drive you crazy and depressed.

Whatever the case is, all I wanted to say was , Yes, I am nearing the end of The beginning and am looking for inputs on the above dilemma….. So all those experienced people out there, do drop in your views so that we Benchers can pick it up from there and move on.. 🙂

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Industrial Training- Yaaay!!! :) or Nay !! :(

A casual chat with my old office mate reveals that many articled students these days are evaluating the idea of Industrial training . Being an Industrial Trainee myself and also after having shared my experiences of being a trainee, let me put those points that i have shared and felt during my stint.

    Industrial Training is a boon to those who prefer to go for Employment than Practice, after their CA course. It gives an insider’s view on the Corporate culture and puts us in various situations which we may hardly encounter during our Articleship period.

Pros :

1. A new learning angle:

learning angle

I am not saying that training as an Articled Assistant is limited in Scope but am emphasising that Industrial Training provides a new angle through which we perceive things. The period of Articleship encourages us to find the mistakes that might have crept into the data given to us and expects us to suggest the way to rectify those while being a trainee we are expected to avoid those mistakes in the first place. Moreover, we get to see how things work from the scratch, rather than sit with the Financials and pore over them.

    2. Fixed timings:

fixed timing

Most of the Corporates still treat us as students and trainees which is in great contrast
to a lot of CA firms that expect us to be equipped and slog like Qualified Professionals. This actually works in favour of the students because as students, we need ample time to cope up with our studies and read and revise our portions for the class next day.

    3. Respect:

respect

This point I tell you from my personal experience. Colleagues in the Company where we do our Industrial Training actually respects us for the effort that we put to gain those two coveted alphabets “CA” attached to our names.During my stint as an Articled Assistant, rarely have I come across a Senior at work respecting me as an equal. This has a major role in our Mental well-being, mind you!

4. Encouragement to be creative :

creativity

In my company where I do my training, I am encouraged to suggest new ideas to improve the existing systems and am given the complete freedom to get the task assigned to be done by the deadline.Moreover, most of the higher officials in the Corporate world praise and appreciate you for even the smallest thing that you have done to perfection. This gives a moral boost to our minds and reflects in our work.

    5. Brand name:

brand

This is very important and inevitable for people who do their articleships in Mid-size to small firms. The one year stint in a Corporate not only gives an experience but also adds value to the CV and gives a brand tag to it. This could be of great value in the later period of our lives.

6. Higher pay:

higher pay

Though this aspect has much lower precedence than the others, this also remains an attractive
attribute for pursuing Industrial Training. Companies pay you far higher than the CA firms.

7. Preference for permanent job:

job-security-worker-man-shielded-retrenchment-22049060

Though this isn’t an assured point in our favour, it will give us a lil relief that most companies give first preference to those who have done their training with them. This saves them the costs of recruiting and training the new joinee.

Cons :

1. Exam preparation leave:

exam

Ummm…This obviously is a tricky part for most of the students opting for Industrial Training. But I have to add that, most companies do understand our situation and give us a maximum of three months leave which is the same as most CA Firms.I would suggest you make your expectations clear with the person interviewing you and also with the HR department of the Company. You could even suggest the extension of your term of training in case they are particular that your period of service should be minimum of 12 months.

 

Clearly Industrial Training is a better option than Articleship for those who aspire to take up Corporate jobs post qualification.Also, who wouldn’t like a change from the normal ?? So, my friends, just take ur time and make a wise decision!!! 🙂