HARSH REALITY of CS course | Darkest side of CS that nobody talks about | 2024 | Neha Patel

Summary

The video script is a heartfelt discussion by Neha Patel, an AM Company Secretary, addressing the harsh realities of pursuing the CS (Company Secretary) course. She warns against the idealized promises often associated with the course, sharing her personal experience of the stark contrast between expectations and the actual professional landscape. The speaker emphasizes the competitive nature of the CS course, the persistent single-digit passing percentages, and the challenges faced by those who fail to clear it, leading to repeated attempts and a delay in career progression. She suggests an alternative, the ICAI's Certified Business Accountant course, for those stuck in their journey, highlighting its benefits in providing a deep understanding of business finance and compliance, along with practical training and job eligibility. The script also touches on the market's preference for LLB over CS, the corporate perspective of CS as a cost-bearing department, and the varying salary expectations for CS professionals.

Takeaways

• 😀 The speaker is Neha Patel, an I.M. Company Secretary, discussing the harsh realities of the CS (Company Secretary) course and its impact on career prospects.
• 📚 The speaker warns against the misconceptions about the benefits of the CS course, which she experienced after becoming a CS and finding the reality to be different from expectations.
• 🔢 The passing percentages for the CS course have remained single-digit since its establishment in 1968 by the Institute of Company Secretaries of India (ICSI), indicating high competition.
• 💼 The speaker suggests that despite the high competition, the ICSI maintains a strict standard for the course, which results in a significant number of students failing and having to retake the exams multiple times.
• 🔄 The speaker mentions the negative impact of repeated attempts on students, causing them to lose confidence and age without gaining substantial career progress.
• 🎓 For those who have cleared the CS intermediate or are graduates, the speaker recommends the Certified Business Accountant (CBA) course by Oxford School, which is a three-month online course focusing on business finance and compliance.
• 📈 The CBA course is designed to provide a deep understanding of business finance, compliance, and core processes, along with job placement assistance and skill development.
• 🏢 The speaker notes that companies often prefer candidates with an LLB (Bachelor of Laws) degree, indicating a preference for legal knowledge in addition to CS qualifications.
• 💼 The job market for CS is competitive, with many CS professionals also having LLB degrees and other qualifications, making it harder for those with only a CS qualification.
• 💰 The speaker highlights the varying salary expectations for CS professionals, which can range from as low as 3 lakhs to as high as 12 lakhs per annum, depending on the firm and market conditions.
• 🚀 The speaker advises students to clear other attempts first and to follow her videos and professors for guidance to become part of the single-digit passing percentage.

Q & A

What is the main message of the video script?

The main message is to provide a harsh reality check about the Company Secretary (CS) course, explaining that the course may not lead to the positive outcomes as often portrayed and to consider alternative paths such as the Certified Business Accountant (CBA) course.

Why does the speaker discourage pursuing the CS course?

The speaker discourages pursuing the CS course because they believe the actual life after becoming a CS is not as positive as often advertised, and they want to prevent others from facing the same disillusionment.

What is the role of the Institute of Company Secretaries of India (ICSI) according to the script?

The ICSI is a statutory body established in 1968 that controls the passing percentages of the CS course, maintaining a strict level of authenticity and control over the competition.

What is the passing percentage trend of the CS course as mentioned in the script?

The passing percentage of the CS course has remained in single digits from its establishment until 2024, indicating a highly competitive exam.

What is the impact of the strict passing percentage on CS course aspirants?

The strict passing percentage leads to many students failing, causing them to doubt themselves, and resulting in them getting stuck in the course at an older age without significant earnings or a degree.

What alternative course is suggested in the script for those who are stuck in the CS course?

The Certified Business Accountant (CBA) course provided by Oxford School is suggested as an alternative for those stuck in the CS course, offering a three-month online course with a focus on business finance and compliance.

What are the benefits of the CBA course as per the script?

The CBA course offers a deep understanding of business finance, compliance, and core processes, along with skill development and job eligibility. It also includes a dedicated job portal and over 100 practice tests.

What is the current market situation for CS professionals as depicted in the script?

The market for CS professionals is highly competitive with approximately 70,000 members and a preference for those with an LLB degree in addition to being a CS.

What is the speaker's view on the corporate perspective towards the CS department?

The speaker believes that many corporations view the CS department as a cost-bearing department rather than a revenue-generating one, which affects the respect and value given to CS professionals within the company.

What salary range does the script mention for CS professionals?

The script mentions a wide salary range for CS professionals, from as low as 3 lakhs to as high as 12 lakhs per annum, indicating a significant difference based on various factors including the company and the individual's qualifications.

What advice does the speaker give to those repeatedly failing the CS course?

The speaker advises those repeatedly failing to switch over and clear other attempts first, and to follow guidance from mentors and professors to improve their chances of success.