Forum for CA (Chartered Accountants work in all fields of business and finance.)

Chartered Accountants/ CPA's/ Finance Professionals.

4 Comments

ankit Said,
January 6th, 2006 @6:17 pm  

All that shines is not Gold!………seems true,..But only when the gold is in your hands!Till the time its away from you,you’l make all the efforts you can to get that gold in your possession.
The Big 4 seems to be the “gold” here.They are the “shiniest” CA firms of not only the country,but the world as well.Which CA wouldnt want to be part of the best International CA firms?Who wouldnt want to own the tag of a multi-national….least to say,I would!
In a world where people are moved by brand names,..they are the brand names!
The Industry wouldnt ‘shortlist’ a CA with his experience in a small firm ,over a CA with his work-ex in the Big 4.No matter how competent,how knowledgeable,how cross functional the “low profile guy” could have been,the guy with “The Tag” would be ‘shortlisted’.(Infact,an experience in a relatively smaller firm can be much more cross-functional or knowledgeable than that in a Big-4…But,Who cares?!)
Is the work-culture in the Big 4 very superior to that in a small firm?I dont think so.Attributes like knowledge,professionalism,honesty is respected everywhere.& to ur surprise,…Even in a small firm!!…But again,does the Industry really care..!
But ultimately,i suppose its “satisfaction” that makes people to move around everywhere… looking for that Salvation!…..in the pursuit of finding “their Gold”,…Be it in the Big 4… or the industry…or somewhere outside these two…
I’l be looking outside…How about you?!

mygif
gagan Said,
January 7th, 2006 @11:15 pm  

i think ankit is right,that more of its a brand name which works now days.if you are having a good brand name in your cv you have a good demand in industry & as many of us dream of having a good career in industry,we go for a good brand name.in industry also they prefer a brand name.if some canditate is from big4 & other one is from small ca firm the preference will be given to big4.so this is the reality nowdays that brand name matters a lot.

mygif
Madhur Said,
January 8th, 2006 @10:04 pm  

Well…in the job marktet, its always been CA firm Vs Corporates/industry. A Chartered Accountant who recieves is training in a CA firm is groomed by them and eventualy when he is al set he moves. Its not only jus between the so called big4s and the industry but its actually CA firms Vs Industry.

There actually are lot of reasons attributable to it, namely better salaries, more oppurtunities, cross functionality, different types of work, job satisfaction or job-insatisfaction and lots more. And on these pretext CAs move to the industry. On the other hand the industry too gains from this. Industry too gets a professional who is thorough, hard working and intelligent and moreover nowdays industry believes and looks for people who can multi-task and wud they find any one better than a CA to multi-task..? i guess no…So it seems to be a win win situation as far as CAs and the Industry is concerned but then CA firms are definitly loosing on this ground. They ae definitly finding it hard to retain their trained fish.

If you have a look at this issue from a larger perspective you will find that its more of a issue of huge employee turn over which both the Corporates as well as CA firms are facing. With the economy growing and more and more MNs comming up, professionals have lot better opurtunities and more choices and if the CA firms as well as corporates dont get thier acts right, it would be difficult for any organisation to retain their ‘fish’

Madhur Khandelia

mygif
rahul Said,
January 12th, 2006 @11:56 am  

I completely agrre with Ankit.. Smaller CA firms offer much varied tasks than a Big 4 can offer..

As far as Knowledge in different subject areas is concerned CA from a smaller firm finds his hand above the one from Big4.. Big 4 CAs specialised only in a particular field and have very little area for any other area.. like a CA working for corporate taxation in Big 4 will be totally unaware with taxation of individuals.. BUt Smaller firm CAs can perform all tasks with ease..

But reality is that Big 4 CA will always be preffered in industry over the ca from samller firm…

mygif

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