CS Articleship is most valuable part of the Entire CS course. CS Articleship will enable you to learn the Theortical concepts in a practical approach. CS Articleship is known as the Golden period of the CS Course. During this time is when you Grow as a Confident individual.It is suggested for CS students to make the most of CS Articleship Period.
WHO IS CS ARTICLE/TRAINEE ?
- If you have passed Foundation level (entrance level) & want to start Internship, duration is 3 years.
- Passed any module out of two of Executive level (intermediate level) , duration is 15 months.
- Passed all modules (three) of Professional level (final level) than duration is only 12 months.
However, along with CS Articleship a student has to attend 3 PDPs (each of 8 hours) and EDP of 8 days. These are conducted by ICSI regional chapters.
WHAT ARE THINGS TO CONSIDER BEFORE CHOOSING CS COMPANY OR CS FIRM/PCS ?
- CONVENIENCE TO STUDY
- CAREER OPPORTUNITIES
- EMPLOYMENT FRIENDLY ENVIRONMENT
- HOLIDAYS ON SUNDAYS :)
CS FIRM VS CS COMPANY ?
Lets break down each of the element and discuss which is best for you :-
while deciding upon the where to do the Articleship it is the top 3 criteria( usally 4) which is above listed ie exposure , Convenience to study , career opportunities, Stipend
- When it comes to exposure in CS Artcleship period exposure to learn various aspects depends on Articleship period and where it is done ie firm or company.
- If you choose to do Artcleship in company it is said that you will be working on specific domain or only on one specialisation on a larger Nevertheless the opportunities it provides opportunities to work beyond Traditional CS Functions
- But where as, if you work under a firm or a well known PCS you will be given projects ranging from incorporation & business setups, liquidations, M & A's (rarely), compounding offences, holding AGM's and the related functions, XBRL, listing compliance's, due diligence, matters relating to indirect taxation, drafting and vetting, board restructuring and financial restructuring and last but never the least, the experience of dealing with Directors and clients alike.
CONVENIENCE TO STUDY :
- Students pursuing professional courses like CS or any other courses. they are expected to do Articleship for at least 12 months or 15 months or 3 years (as the case may be)
- during such period students should be able to give time for studies apart from their work. Ultimate Goal at the end of the day is clear CS Professional exam.
- Big 4s make you slog for 12-14 hours and you wouldn’t get much time to focus as you will be expected to work for longer Duration , Where as incase of a firm or under PCS its lesser hours for work and you can use those additional hours for studies.
CAREER OPPORTUNITIES ;
- Once you complete your CS professional and Articleship you’ll be an associate Company Secretary and shall be registered as a member of ICSI.
- Since the market demand for this career is a upward Swing the career opportunities is always on a higher note. The impact of where the articleship is been done not affect as long as you have inhibit the skills and knowledge to be a good Company secretary.
- If a CS student completes his/her training in a Big 4 he or she can utilise the brand value of the company in the CV , but 4-5 years down the lane the CS salaries and the recognition shall be of same as non-big 4 CS.
- Usually the stipend ranges from 6000-12000 depending on whether it’s a company or firm and work schedule.
- CS articleship phase is always hectic and challenging for CS aspirants and CS students are paid on the respective of the same but the knowledge you get will be priceless.
WHAT TO DO AND NOT TO DO ?
- Try to gain as much knowledge and understanding
- Reference to bare acts
- try to get hands on various aspect of work
- give required time to studies – proper study leave
- Time management – focus on work-study-life balance.
- Get frustrated with work pressure.
- never regret on anything
- Be too serious with work- it might affect your studies as you wont be able to give enough time.
CS Articleship is a most valuable period of every Company Secretary lives, During this period is where you learn about various things from business setups to Board restructuring and the best experience of dealing with Directors.
During CS Articleship don’t focus on earning rather focus on learning. Choosing whether to do Articleship in company or firm totally depends as per your needs. CS course being magnificent as it as I am sure you will choose wisely.
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