Should CA Students opt for Industrial Training in a Company?

In our previous post, Chartered Club highlighted the fact that CA Students are allowed to get registered in Companies and pursue their Articleship Training in Companies (Refer our article – Are CA Students allowed to undergo Articleship Training in Companies)

That article seems to have gone well with the Student Community and we’ve received many queries regarding whether Students should opt for Articleship Training or Industrial Training. Although the answer to this question varies on a case to case basis, we’ve highlighted the benefits of Industrial Training in this article.

A few decades back, there were very few CA Jobs in India as there were very few Companies. And as there were very few companies, CA’s used to opt for setting up their own practice and thus Articleship Training was preferred.

But with the advent of Globalisation, the whole scenario has changed. More and more companies are entering into India and the demand for CA’s is increasing at a very rapid pace. Earlier the same CA used to do audit, finance, tax work in an organisation. A Company used to have only 1 CA and he used to take care of all the departments in that company.

But now times have changed. This is now the era of Super-Specialisation. If a CA is working in Tax Department, he would only be focussing only on one area say for e.g. Direct Tax or Indirect Tax. And even in that he would be having a specialisation like Corporate Taxation, Transfer Pricing etc. Someone working in Tax Department would never even get to see the Audit Department. Thus, the 21st century is the century of Super-Specialisation

And as the demand for CA’s has increased, their salaries have also increased. With lucrative pay packages on offer for CA’s and a congenial working environment being offered by the MNC’s, more and more CA’s are have now started opting a Job in the Industry and the interest of CA’s in setting up their own practice seems to be diminishing.

Sustain Lane job site Should CA Students opt for Industrial Training in a Company?

Companies Preference while Recruiting Employees

It is a known fact that Companies 1st preference while recruiting employees is to recruit those who’ve undergone Training in their own company. And this preference is applicable for all industries whether it’s CA Industry or the IT Industry or the MBA Industry.

If you’ve undergone training in a company your chances of getting recruited in that company itself and that too at a good package are very high irrespective of the number of attempts taken by you to clear CA. As soon as you Qualify, you will not only start getting Job Offers from that company but would also start getting job Offers from other companies. Thus, your chances of starting off a Bright Career in a Company get very high if you’ve undergone industrial training.

Thus, for those who want to enter into Job and pursue a career in the Industry, Industrial Training is highly recommended. However, if you intent to start your own practice post qualification, it’s advisable for you to opt for Articleship Training in a small firm as the exposure and the work experience you would get in a small firm would certainly help you a lot in setting up your own practice.

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The Team of Chartered Club also helps CA Students in finding Industrial Training Vacancies. You are kindly requested to upload your details here and we’ll get back to you with Ca Industrial Training Vacancies which suit your profile.

  1. Yeah… In my opinion Industrial training is beneficial for CA student….

  2. Dear Sir,
    I have completed ca inter (PCC) in may 2011 and remaining to be served as an articled clerk upto may 19, 2012. Whether i am eligible to apply for an industrial training. Whether industrial training be less than 9 months. Pls reply urgent

    Date: 13.08.2011

  3. Dear sir,
    I have just completed my articleship in April 2011. am i also eligible for industrial training……????? pls reply

    • As per the Guidelines laid by ICAI, Industrial Training can be done only in the last year of Articleship

  4. My articleship training started on April 24th 2011.
    Please mention the date to join in Industrial Training. Please reply?

  5. Dear sir,
    my articleship completion date is 30th september 2011 so can i join for industrial training ?????
    If yes then can you please tell me about the procedure to join industrial training.

  6. Sir, I cleared my pcc in may ’11 with 55.33% & my articleship period is to be over bya march 2010 can i join industrial training. but I’m About have 9 months of extention too.

  7. Hi,

    I have completed CA PCC in May 2011. I would complete my articleship in Oct 2012. So as per ICAI guidelines i think i can join industrial training only after Oct 2011. Right.. ??

    Please help me out. I want to join Industrial training somewhere in Gurgaon or Delhi. How can i apply for the same and whats the procedure..??

    • @ Himani

      as per ICAI Norms, you would be eligible for Industrial Training from Oct 2011 as you would be serving the last 1 yr from Oct 2011.

      you can start applying as companies usually take time while scheduling interviews of trainees

  8. Hi , i need some information about online submmission of pcc application. i was paid application maney two time .becouse of some techiquecal error. please give me information about that ammount. how to i recover that amount.

  9. Sir m staying in mumbai,I hv passed IPCC in Nov2009 and, i would complete my 2 year of articleship in 11 Feb 2012 thereafter for last year of articleship i want to do Industrial Training.
    Please Suggest me how can i get the Email Id of Ind.Training provider co.
    and from when i would apply the same.
    If my Principle restrains me than what i will do, is there any provision in ICAI, principle dont have any right to stop to join Industrial Training.

    Regards
    CA Student

    • Hi Suraj

      There is no provision wherein your principal shall allow you transfer.

      It is advisable if you request your principal to kindly sign the transfer letter

  10. Thankz
    But what will if my principle not sign the transfer from, bcz he already not given me transfer in 1st year of my articleship.
    Plz help me, how can i get transfer for Industrial Training.

    Regards

  11. Sir I have already completed my articleship training in march 2011. Can I eligible for industrial training if yes then can u help me about this

    • The procedure to apply for Industrial Training is the same as applying for a Job… Send your Resume to companies and register yourself on Job Portals

  12. hi sir..i am about to complete two years of my training in feb 2012.plz tel me procedure to apply for industrial training ?

    • @Indu

      Start registering on Job Portals and sending your Resume to companies that hire Industrial Trainees

  13. sir, iam a CA final student i have completed my articles in october 2010, can i eligible for industrial training.

  14. Sir
    I have done btech in mechanical & working in automobile company( last 7yrs) .Can i join course for CA . I am working so how can i go for training