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Old 27th May 2010, 21:34   #76
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the professional ethics in this line has been steadily deteriorating. I don't mean KPMG, AA, PWC or Satyam scandals... please don't get me wrong
Right and Wrong.

IMO, it is not right to say that the ethics of this profession is deterioration steadily. However it cannot be denied that what you say would definitely apply to a certain % of the people in this profession.

Being ethical or unethical is more of a personal choice. No Institute/ University goads/ motivates you to be unethical. It is more to do with the family/ social background in which the person was brought up. In fact, one of my friends shared with me that the curriculum of CA institute has dedicated a separate section for Ethics.

A person who passes out of this course has two options. Either to join the industry or set up his or her own practice. IMO, the former option has very remote chances of letting people pledge their heart. Here again, the ethics & values on which the organisation is built on plays a crucial role.

This is my sincere effort to ensure that your generic statement doesn't guide any CA aspirant to decide against this course.
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Old 27th May 2010, 23:48   #77
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Why has nobody considered this course called 'CA'. It gives you a wonderful and stable career. This is the only course which can get you to the top of any organisation within a very very short span of time*. *Conditions Apply
Do you know the chances of actually completing CA? less than 10%. Unless you are really good at it, you'll join the millions of Inter-pass or Inter-fail category of accountants who are earning in peanuts.

Anybody considering BioTech here. About 5 years back a cousin of mine couldn't get into engg college because of cost factor. So she did BSc+MSc in BT, and she got recruited right off the campus.
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Old 27th May 2010, 23:52   #78
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Do you know the chances of actually completing CA? less than 10%. Unless you are really good at it, you'll join the millions of Inter-pass or Inter-fail category of accountants who are earning in peanuts.

Well actually samurai san its More like 3%, According to my CA he says the Ratio nowadays is 3 in a 100. So thats one tough Cookie to crack.
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Old 28th May 2010, 00:20   #79
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Problem is MBBS means an outlay of about Rs. 40 lakhs + future study expenses. And BDS means an outlay of about Rs. 20 lakhs + future study expenses. BE is not being considered, may be because she thinks in the same lines as our friend, devnath :-). I can't afford MBBS, and for BDS a bank loan is the way out...
Being an MBBS myself I can tell you that the degree has no real value apart from the title. You are and forever will be at the bottom of the food chain with just an MBBS, so higher studies are a must if one looks at a more lucrative and meaningful career.

BDS grads on the other hand have the best of both worlds. They get the title as well as an extremely lucrative career right off the bat. It's not all that necessary to do a PG in dentistry, rather diplomas in cosmetic dentistry or other specialized areas make more sense and cost a lot less.

At the end of the day it all depends on interest. What interests your daughter?

If I may quote my dad who has made it quite well for himself: "Follow money and you will suffer, but follow your heart and money will follow you".

Cheers
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Old 28th May 2010, 00:27   #80
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Politics man make your career there
Medicine
Law

in that order...
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Old 28th May 2010, 10:36   #81
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How does a middle class man join politics? As a party worker?
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Old 28th May 2010, 11:57   #82
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Originally Posted by Warwithwheels View Post
Right and Wrong.

IMO, it is not right to say that the ethics of this profession is deterioration steadily. However it cannot be denied that what you say would definitely apply to a certain % of the people in this profession.

In fact, one of my friends shared with me that the curriculum of CA institute has dedicated a separate section for Ethics.

This is my sincere effort to ensure that your generic statement doesn't guide any CA aspirant to decide against this course.
Well, it seems that the % is not decreasing, if I am not mistaken.

Yes, there is a 'professional ethics' and 'code of conduct' section and there is a 'peer review' too - but how many people follow it?

I agree with you about the uprbringing / family background part; but, in today's dog-eat-dog world seeing one person get away with dubious means prompts another one to try the same avenue.

I am sorry - I didn't mean it as a generic statement. I only wanted to say that the way things are going now-a-days, the earlier character of the profession is losing its sheen.

I still value a CA more than a MBA - and that is what I have written, if I am not mistaken.


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Unless you are really good at it, you'll join the millions of Inter-pass or Inter-fail category of accountants who are earning in peanuts.
Samurai San, you are right as usual. But the thing is it is very difficult to clear the papers in one go (even though I did) - because the institute has set some standards on the number of pass-outs.

Earning peanuts - I think the stipend paid is still pretty less even now - Rs. 3,000 to Rs. 10,000 must be paid by very few firms. (In fact we have some ICWA interns in our organisation who are getting paid Rs. 7,000/- per month even when studying!).

I am not sure how many practising CA's pay stipend as stipulated by the institute - they were paid less and so they pay less now. And yes, very few CA's start on a pay where a techie starts - people get between Rs. 2.50 lakh to 3.00 lakh with us.


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Well actually samurai san its More like 3%, According to my CA he says the Ratio nowadays is 3 in a 100. So thats one tough Cookie to crack.
Yes, it is tough to crack - but, if you have observed, the people who are keen to make CA as their career get through quickly; whereas, the others who took it up as just another degree generally flounder. CA requires a lot of hard work, lots of study and plenty of patience - you have to work and study at the same time, and the syllabus covers a vast area.

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Being an MBBS myself I can tell you that the degree has no real value apart from the title. You are and forever will be at the bottom of the food chain with just an MBBS, so higher studies are a must if one looks at a more lucrative and meaningful career.

BDS grads on the other hand have the best of both worlds. They get the title as well as an extremely lucrative career right off the bat. It's not all that necessary to do a PG in dentistry, rather diplomas in cosmetic dentistry or other specialized areas make more sense and cost a lot less.

At the end of the day it all depends on interest. What interests your daughter?

If I may quote my dad who has made it quite well for himself: "Follow money and you will suffer, but follow your heart and money will follow you".
Thanks, DocG - that is a real good piece of info.

It is almost sealed - BDS is what my daughter thinks she will enjoy doing (yesterday she was saying that dissection, cadavers, grevious injury are some things which she may not be able to come to terms with so easily...)

Thank your Dad on my behalf - people like him make a difference to the world we live in.

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Politics man make your career there
Medicine
Law
in that order...
Neither my family background nor my friends / relative circle has anybody in the close vicinity of politics. So how do I learn the ropes...

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How does a middle class man join politics? As a party worker?
Man, you are way off the mark - everything seems to be 'khandaani' nowdays, so once a party worker - always a party worker! Instead, starting off with being a goon to a local dada may give you better chance in the snake & ladder game of politics.. of course, your language and physique must support this...
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Old 28th May 2010, 12:29   #83
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How does a middle class man join politics? As a party worker?
1. You have to build a clout locally.
That means you should be born and brought up at same locality - familiar with everyone there.

2. You should've been involved in some politics-giri = some or the other cause (mostly flashy but of no practical use .... like ... organizing religious festivals)

3. You should've had some spat with the local authorities like Municipal corp/police - the ppl of your area must look up to you as a person who can challenge authority and if possible get their work done.

4. In line with the above you should have good contacts with the same local authorities that you put up a show-fight = admin/police.

5. Take up some issue and mobilize masses and money. How you get it done becomes your USP in politics. Some use clout, some use existing power, some appeal to motives (of ppl you are trying to convince), some use power of persuasion/motivation, some use money ...

Once you are through with all this - you have a chance of winning seat (Municipal or LA) independently - but mostly on a party ticket (infact local leader will come to you to get them win the seat in elections).


PS: You'll have to leave your day job for sure.

Last edited by alpha1 : 28th May 2010 at 12:31.
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Old 28th May 2010, 12:41   #84
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PS: You'll have to leave your day job for sure.
Alpha1, I have two qualifications out of your list to apply for the job - we are in the same city and I am ready to quit my present job. So can you take me / recommend me for training.....

May be an added perk working with / under you will be that I can atleast get my hands on an OHC

Jokes apart, I think you have summed up the career path neatly.

One of my college-mates (whose mum is - was now - a corporator : MLC) laid out the exact rules for him - just as you have described! Though he didn't flourish as a dada in the college, he went on ahead to become a MLC (and a lawyer, to boot!). He is biding his time for a MLA ticket...
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Old 28th May 2010, 13:57   #85
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Default Makes a lot of sense....

Somebody sent this to me a few days back.

Think it is worth sharing with all.

And makes you feel if it isn't a good piece of advice?!

Which Career is the most stable today?-goals.jpg
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Old 28th May 2010, 14:32   #86
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Somebody sent this to me a few days back.

Think it is worth sharing with all.

And makes you feel if it isn't a good piece of advice?!

Attachment 356933
That felt really good to read, a lot of truth in it, wish I could think that way.
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Old 28th May 2010, 14:39   #87
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Man, you are way off the mark - everything seems to be 'khandaani' nowdays, so once a party worker - always a party worker! Instead, starting off with being a goon to a local dada may give you better chance in the snake & ladder game of politics.. of course, your language and physique must support this...
I was questioning carczar actually, I meant to ask how can a middle class man get into politics all of a sudden? You cant just kick your shoes and say screw IT I am into politics now, can you? He should have family backing, a godfather and the lot.

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1. You have to build a clout locally.
That means you should be born and brought up at same locality - familiar with everyone there.

....
The point I was trying to make was politics is not a viable career option for 99% of the middle class :P
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Old 28th May 2010, 15:01   #88
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I was questioning carczar actually, I meant to ask how can a middle class man get into politics all of a sudden? You cant just kick your shoes and say screw IT I am into politics now, can you? He should have family backing, a godfather and the lot.

The point I was trying to make was politics is not a viable career option for 99% of the middle class :P
I know, I know - I was just having some fun at your expense :-)

Don't you go throwing up your job - even if anybody says otherwise, now.

Career and Marriage are two decisions to be taken with a lot of forethought - you will plenty of time later to repent
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Old 28th May 2010, 18:14   #89
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Thanks, DocG - that is a real good piece of info.

It is almost sealed - BDS is what my daughter thinks she will enjoy doing (yesterday she was saying that dissection, cadavers, grevious injury are some things which she may not be able to come to terms with so easily...)

Thank your Dad on my behalf - people like him make a difference to the world we live in.
Well like I said BDS is a great option, and yeah if dissection and cadavers make her feel uncomfortable, one has to remember that the MBBS degree is not only a Bachelors in Medicine, but one in Surgery as well. I can't forget the number of people who cringe at the sight of blood when they have to assist a real surgery. It's really not for everyone, and that's not even close to really gross stuff lol...

Anyway on another note, yeah people like my dad are hard to come by, while I myself doubt that I will ever be able to emulate him entirely, it's difficult to live up to his ideals of non-corruption and pride in your own work in today's world. I mean one of his favorite quotes is "In over 35 years of service I've never asked for a raise, I've just worked hard enough for them to feel bad not to give me one"

Now try working for this man.
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