All About CA Industrial Training | 2024 | New Scheme | Naman Gupta

Summary

The video script is a comprehensive guide for CA students considering industrial training. It covers eligibility criteria, the importance of a good profile on LinkedIn, and how to secure vacancies through various platforms. The speaker shares personal experiences, including the range of stipends and the benefits of industrial training for career growth. They also discuss interview preparation, common questions, and the value of multiple interview experiences to build confidence. The script emphasizes the significance of communication skills and extra-curricular activities in a resume, providing practical advice for CA students.

Takeaways

• 😀 The speaker emphasizes the importance of industrial training for CA students, discussing eligibility, the application process, and how it can benefit one's career.
• 🎓 Eligibility for industrial training includes having cleared both groups of the CA intermediate and completing a one-year articleship from a registered CA firm.
• ⏰ The training period should be a minimum of 10 months and a maximum of 12 months, with a compulsory 3-month notice period to be given to the principal CA.
• 🔍 The speaker suggests using the official ICAI website to find companies offering industrial training and to check for available vacancies.
• 💼 The speaker highlights the significance of having a good LinkedIn profile for job opportunities and staying updated with vacancy announcements.
• 📈 The salary range for industrial training can vary widely, from 15,000 to 20,000 INR, depending on the industry and company.
• 🏢 The benefits of industrial training include brand value addition to one's CV, exposure to corporate language and culture, and potential references for future job applications.
• 📉 A downside of industrial training mentioned is the potential imbalance in work-life as the corporate culture might demand long working hours, especially during month-end and quarter-end.
• 🧐 The speaker advises ensuring a good understanding of financial modeling and tools like Power BI for those aiming for industrial training in finance and accounting roles.
• 💡 The speaker shares personal experiences and insights, including the importance of confidence and communication skills in interviews and the value of multiple interview attempts to overcome fear and improve performance.
• 📚 The script also touches on the importance of academic performance, especially in key subjects like Auditing and Financial Reporting, for those considering industrial training.

Q & A

What is the eligibility criteria for CA industrial training?

To be eligible for CA industrial training, one must have completed their CA intermediate and have completed one year of articleship from any CA firm. The industry should be registered with the CA institute.

What is the duration of industrial training for CA students?

The minimum duration for industrial training for CA students is 9 months to a maximum of 12 months.

How can one find vacancies for industrial training?

Vacancies for industrial training can be found on the official ICAI website, through LinkedIn, and sometimes directly through WhatsApp groups that share such opportunities.

What is the importance of having a good LinkedIn profile for industrial training?

A good LinkedIn profile is important as it is often updated with new vacancies, and having a strong profile can increase the chances of getting selected for industrial training.

What are the salary ranges for industrial training in different industries?

The salary range for industrial training can vary from 15,000 to 20,000 INR per month. However, for example, in investment banking, it can range from 45,000 to 50,000 INR per month.

What are the benefits of industrial training for CA students?

Industrial training adds brand value to a student's CV, provides real-world work experience, and can lead to solid references and improved communication skills.

What are the common drawbacks of industrial training?

One of the common drawbacks is the potential imbalance in work-life as the work can be demanding, and the exposure might be limited compared to full-time job roles.

How should one prepare for interviews during industrial training?

One should prepare by attending multiple interviews, understanding the corporate culture, and building confidence to face interviews effectively.

What are the common interview questions asked during industrial training?

Common interview questions include those related to technical codes, financial modeling, revenue recognition, and understanding of the candidate's work behavior and experiences.

How can one enhance their CV for industrial training?

One can enhance their CV by including relevant courses like financial modeling, having a strong LinkedIn profile, and showcasing any extracurricular activities that demonstrate leadership and teamwork.

What is the impact of industrial training on future job opportunities?

Industrial training can significantly improve future job opportunities by providing valuable industry exposure, enhancing the candidate's profile, and potentially leading to job offers from the training company or through references.