Reality about Scope of Company Secretary (CS) course |Salary of Company Secretary|CS scope

Summary

In this video, the speaker discusses the various career opportunities available to Company Secretaries (CS) in 2024. Beyond the traditional paths of working in a company or a firm, the speaker highlights eight exciting options, including roles in Big Four firms, law firms, stock exchanges, and investment banking. Each career path is accompanied by a brief overview of its advantages and drawbacks, providing viewers with a comprehensive understanding of the diverse opportunities. The speaker encourages further exploration of these options through additional videos and resources, offering valuable insights into the CS profession's evolving scope.

Takeaways

• 😀 The role of a Company Secretary (CS) offers multiple career options beyond just working as an employee or joining a firm.
• 😀 In 2024, the scope for CS professionals has expanded significantly compared to 15-20 years ago, providing more opportunities across various sectors.
• 😀 The most traditional path for a CS is to join a company as an employee, offering job security, good work-life balance, and decent pay.
• 😀 CS professionals can also join or start their own firm, providing greater autonomy and control over their work and profits.
• 😀 Big Four firms (e.g., Deloitte, EY) are increasingly hiring CS professionals, providing high pay and excellent exposure to various industries.
• 😀 Working in law firms is another option, particularly for those with an LLB, offering insights into corporate law and governance but with potential challenges in work-life balance.
• 😀 CS professionals can join stock exchanges (e.g., NSE, BSE) to manage corporate governance and securities regulations compliance.
• 😀 Joining a Registrar and Share Transfer Agent (RTA) firm offers insight into shareholding records and complaint handling but may have lower pay and work-life balance challenges.
• 😀 Merchant banking is a growing field for CS professionals, offering good pay and work-life balance, but progression to top roles may be challenging.
• 😀 Investment banking is another lucrative option for CS professionals, with high pay but a significant workload and less favorable work-life balance.
• 😀 The video emphasizes the importance of continuous learning and provides resources for those preparing for the CS Executive exam in June 2024.

Q & A

What are the two most common career options for Company Secretaries (CS) after qualification?

The two most common career options for CS professionals are joining a company as an employee or starting a firm, either by joining a law or consultancy firm or by establishing their own practice.

How has the career scope for Company Secretaries evolved in the last 20-25 years?

Over the last 20-25 years, the scope for Company Secretaries has expanded significantly, offering a wider variety of career paths beyond the traditional options of corporate jobs or firm practices.

What are the main advantages of working as a Company Secretary in a corporate company?

The main advantages include job security, a good work-life balance, and competitive pay. CS professionals in a corporate environment can also progress to senior roles like Compliance Officer.

What are the challenges of working as a Company Secretary in a law firm?

Working in a law firm can be challenging in terms of long working hours and a high-pressure environment, especially if you don't have an additional law degree (LLB), which might limit opportunities.

What benefits do Company Secretaries gain by working in Big Four firms like Deloitte or PwC?

Working in Big Four firms offers high pay, valuable exposure to different industries, and opportunities to develop diverse skills, making it a highly attractive career choice for CS professionals.

What is the advantage of working in a stock exchange for a Company Secretary?

Working in a stock exchange offers stability, exposure to financial markets, and opportunities for career growth, while also requiring strong knowledge of corporate governance and compliance.

How does joining a Registrar and Share Transfer Agent (RTA) firm compare to other career options for a Company Secretary?

Joining an RTA firm provides the opportunity to learn about shareholder services and corporate governance, but it often comes with less pay and more repetitive work compared to other roles in corporate or financial sectors.

What are the challenges faced by Company Secretaries in the field of investment banking?

The main challenge in investment banking is the demanding work hours and high-pressure environment, despite the attractive pay and global exposure. The work-life balance may suffer in this field.

How can a Company Secretary with a law degree (LLB) benefit from working in a law firm?

A CS professional with an LLB degree will find it easier to secure a position in a law firm, where they can work on legal and compliance issues, often with better pay and career stability compared to a CS without a law degree.

Why is the career option in Merchant Banking becoming more popular for Company Secretaries?

Merchant Banking is becoming a popular option due to increasing demand for CS professionals to provide various services to clients. The pay is competitive, and the work-life balance tends to be better than in more traditional financial roles.