How important is it to undergo industrial training for a chartered accountancy student aiming for employment?
Hi Kruthika, The basic difference between artilceship and industrial training is change in the role. In articleship training you work riguorously under an employer and work as article assistant. He/She is also called as auditor and audit different corporate bodies like companies etc. One audits the work of the auditee, Whereas, in case of industrial training, one joins as industrial trainee in any of the companies approved by the institute, prepares all the details and get the work audited by the auditors. The difference between articleship and industrial training is change of the position of the chair. So far as your question is concerned that How important is it to undergo industrial training for a chartered accountancy student aiming for employment??? the answer is a lot. The first and foremost benefit is that There is high probable chance that the Company in which you have done your industrial training might absorb you. The Company need not spend its resources (either in the form of money or time) for training as the industrial trainee must have gathered required experience and knowledge of the workings of the Company. Other benefit which one of the other member of Cakart has rightly pointed out which is CV enhancer, i.e. it adds value to your resume on account of exposure of real work and they are always preferred over just pass out CAs (freshers). Regards
**For a chartered accountancy student aiming for employment, undergoing Industrial Training (IT) is a CV enhancer,** i.e. it adds value to your resume on account of exposure of real work and they are always preferred over just pass out CA without an IT on his resume even though both being in the same percentiles in their results. **Benefits of undergoing an Industrial Training is here under:-** 1. **Industry Exposure: -** you will be assigned such tasks which will give you proper exposure of how a company actually works, you will get to know about corporate finance, analysing financial decisions with respect to their future impact and much more. 2. **Better Stipend :-** If you have undergone Training in a company then your chances of getting selected in that company increases and that too at a good package because of your experience in that Company as a trainee 3. **Better Career in Industry:**-Industrial Training is highly recommended for those who want to enter into Job and pursue a career in the industry as Industrial Training equips you with the skill sets that Articleship cannot, it provides you with Industry Exposure. **Industry Training definitely adds more visibility to your overall profile during your placement programs therefore it is important to undergo industrial training for a chartered accountancy student aiming for employment.**