10 Myths About Big CA Articleships Firms in India

The CA exam is conducted by the Institute of Chartered Accountants of India (ICAI) and is a three-stage exam for students who want to become chartered accountants. Moreover, articleship is a compulsory training program that CA students have to give for pursuing the course in India. Thus, to become a qualified CA in India, this 3-year articleship is a mandatory step.

Overview

Getting a CA articleship is a gateway for building professional skills, and connections, as well as a great start to your CA career. Thus, students try their best to get an articleship in Big firms for CA articleship. If you also want to add articleship to your resume then this blog is for you. Here we will debunk some myths related to big CA articleship firms, as well as provide some tips related to the topic.

How to get Articleship in Big 4 CA Firms?

Before moving further, let us mention the Big 4 CA firms in India. These firms include-

1. Ernst & Young (E&Y)
2. Deloitte Touche Tohmatsu Limited
3. Klynveld Peat Marwick Goerdeler (KPMG)
4. PricewaterhouseCoopers (PwC)

There are many CA articleship available in big firms that are open to students. But, students need to do their part of the research to find vacancies. Now, let us mention some ways to find out articleship vacancies in Big firms-

1. Official websites of the firms

Big firms release vacancies on their official websites, through which students can apply for articleship. You can also use the contact information provided to ask for vacancies.

2. ICAI Notice Board

The ICAI notice board also displays the CA articleship vacancies. Thus, keeping a check on the ICAI notice board can also help in knowing about requirements.

3. ICAI BOS Articleship Portal

Another important site to find articleship is the ICAI BOS portal since companies post their vacancies here. Students can also apply for it from here too.

4. Linkedin

Linkedin can be one of the best digital platforms to get CA articleship vacancies. All you need to do is to open a Linkedin account and network with people. Furthermore, you can contact the members of the company including HR, who would guide you in applying for an articleship in the firm.

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What are the Eligibility Requirements for Articleship in Big 4 CA Firms?

Here are the eligibility criteria for doing an articleship in big CA firms, however, the criteria may keep on changing from time to time. Hence, students must be updated with the latest information-

1. Students must have a minimum of 60% aggregate in their 10th and 12th exams and 55% aggregate in their CA intermediate exams.
2. Irrespective of the number of attempts, a student must clear at least one group with good marks.
3. Students must have completed four weeks of ICITSS.
4. Students with great communication skills, leadership skills, and relevant work experience are likely to be selected.

10 Myths About Big CA Articleships Firms in India 2023

1. Only toppers get into big CA firms

Being bright in academics can help in getting an articleship in Big CA firms. But it is not only the academic score that is important; the firms also look for great communication skills, leadership skills, adaptability, as well as work experience. Hence the claim that only toppers get into Big CA firms is a myth, and other factors besides academics also matter.

2. Students can't get Articleship without connections or references

References and connections can definitely be helpful for a student in getting an articleship. However, one cannot get into big firms without any reference is an absolute myth. Getting selected completely depends on the student's capabilities. Moreover, students can search at various websites and apply for the same if they have relevant experience and fulfil the requirements set by the firms. If they perform well, they will surely get selected.

3. Big CA firms only offer audit services

The claim that big CA firms only have audit services is false because apart from this, CA firms offer a wide variety of services that includes tax advisory Risk Management services and assurance.

4. Articleship at big CA firms is boring

CA Articleship at Big firm actually exposes individuals to a wide range of clients, and deadlines and lets them work on challenging projects. Thus, it may be tiring but not at all boring. Furthermore, it helps to prepare individuals to work under pressure.

5. Big CA firms are only present in metro cities

Nowadays Big CA firms are not only located in metro cities but they have also made their way into multiple cities across India. So, this is not a matter of concern for students.

6. The workload is too high in big CA firms

Since articleship is a training period, the work deadline is quite strict. However, the amount of workload actually depends on the capacity of an individual to take it. In addition, CA firms also have rules to provide a healthy work-life balance to their members, as well as the working environment is also nice.

7. Big CA firms are not flexible with leaves

The next myth about CA firms is about the leaves. Along with a great working environment Big C firms also have policies to provide leaves for both professional and personal reasons.

8. Stipend during articleship is low

Since articleship is the start of the training period, the stipend is not extremely high. However, big CA firms are competitive in nature, and the stipend may be higher compared to other firms.

9. No scope for learning and growth

This is an absolute myth. CA firms provide development programmes and opportunities for skill development and growth. During the training period, there is a lot of scope for learning as well as improvement.

10. Difficult to get a permanent job after articleship

This game is not true since big CA firms have strong networks and also offer permanent employment, sometimes off the border, then based on the performance of the candidate. so if someone has good performance and the impression it is not difficult for him to get a permanent job.

Tips on How to get Articleship in Big 4 CA Firms

Here are the tips that will help you get an articleship in Big CA firms-

1. Students need to prepare a strong profile highlighting their strengths and weaknesses. Moreover, they can add their interpersonal skills and extracurricular activities as well as internships, as a well-built resume increases the chances of selection.
2. Building networks can also help students in getting articleship. Thus, students should attend events and seminars organized by the big form and build connections with the employees. This would also help them in understanding the working of the firms more clearly.
3. Most of the students wait for the CA inter result for applying in Big firms, however, it is too late as the firm has already filled half of the vacancies by then. Thus, if a student is clear about cracking the CA intermediate exam then applying for the pre-result placements will be a safe option.
4. Prepare well for the interview and be ready to answer the questions related to the firms. Do your research about its working, as most of the questions are asked about the firms and why the candidates want to join it.

Conclusion

To sum up, here in the blog we have mentioned Big CA firms for CA articleships. We have mentioned the ways to apply for an articleship, and the eligibility criteria as well as addressed the myths regarding the Big CA articleships firms in India. Moreover, if students have any doubts then they can definitely connect with us in the common section.

Frequently Asked Questions (FAQs)

Q1. What’s the minimum score required to get an articleship in the big 4?

Ans. To get an articleship many other skills are checked apart from academic score. But, as per as the score is concerned a minimum mark of 500 is considered good. However, the higher the better.

Q2. Which big4 is best for articleship?

Ans. Here are the Big 4 firms for best articleship-

1. Ernst & Young (E&Y)
2. Deloitte Touche Tohmatsu Limited
3. Klynveld Peat Marwick Goerdeler (KPMG)
4. PricewaterhouseCoopers (PwC)

Q3. Which department is best for CA Articleship in Big 4?

Ans.Big 4 Firms mostly hire students for the auditing department, but the other departments include, Risk Advisory & Assurance, consulting Financial Advisory, Taxation, etc. However, the best department will vary depending on an individual's interests and goals.

Q4. Do we get salary during Articleship?

Ans. Yes definitely, students get paid for articleships, however, it is not that high-paying. The average CA articleship salary in India is 1,3 lakhs per annum.