02-02-2009, 08:38 AM
Muhammad Amir
My first cousine qualified ACA from ICAEW in 1992 and when he came back to Pakistan his starting salary was 70,000 plus car in 1992-93. My two friends qualified ACCA from London and worked only one or one and half yr in London when they went back to Pakistan in 2004-2005 one got 70,000 with car and second got 80,000 with car.
My broter who did MBA from Pakistan he never studied out of Pakistan his starting salary was 35,000 in mobolink. Mobolink finance director who is ICAEW member is getting 22 lac plus car a month. Yes he has so many yrs of experience but still he is getting this amount.
My one friend in CSS and works in police last time when I went to Pakistan he gave me respect only becuase I am qualiied Chartered Accontant(ACCA).
You said that I(khalid) will not get job in Pakistan. You are wrong and i kinow my market in Pakistan. I do not know why you are saying all this. May be audit firms does not pay more, actually this is problem with asian employers in audit firms. Even in London asian audit firms do same and that is why they cannot find employee,people work in asain firms in London for couple of months and leave.
Y you want to work in audit firm in Pakistan. In Pakistan People say that if you have 3 to 4 yrs audit experience then in industry you will get much more after having audit firm experience for 3 to 4 yrs.
I have not understood this logic, means you work for small money in audit firm in HOPE you will get better money in industry later. Dear if you start working in industry from day one then they will pay you good money from day one. Suppose you join industry from day one and they pay you say 30,000 per month (they will pay you this amount for sure) and after having 3 yrs experience your salary will be same what qualified accountant with 3 yrs audit experience will get in industry.
I am sorry to say but audit firms partners in Pakistan are misguiding new students so that they get cheap labour. If ACCA and ICAEW do not have value then ICAP is nothing.
ICAP students and members also get peanunts in audit firms in Pakistan. ICAP is thinking to authorised firms in industry to train CA students if it will happen then you will see Aidit firms position in Pakistan. Remember ICAP must do it as ICAEW has alraedy done it and everyone knows ICAP blindly follow ICAEW.
Try to understand what is going on in Pakistan, ICAEW and ICAP signed MOU recently. ICAEW signed it cause it wants to increase its membership and ICAP signed it for two reasons. First ICAP wants to show that it has voice in world which is not correct cause you this degarding MOU, secondly ICAP wants to arrange cheap labour (newly qualiied ACA) for FCAs.
You said <b>I recently met with an HR personnel of one of the Big 4 firms and he really confused me about the future of accountancy and for this reason now I am deciding to leave accountancy forever.</b>
Remember industry cannot be run without accountant and if accountancy proession does not have future in Pakistan means in future there will be no banks, mills etc in Pakistan that is what you want to say. If we take HR personnel statement then its means ICAP member will also not have future in Pakistan, there will be no audit firms in Pakistan (as audit firms only depends on industry) and eventually this HR personnel will also loose his job, that is what he is saying. they are liars.
Govt of Pakistan has set min wage of 6,000 which is for those with NIL qualiication, if audit firms are giving this amount to qualified accoutant then I have nothing to say. Remember they first discourage new accountant and say audit firm experience is must then they pay this amount. They do same thing with ICAP people. Try to understand game. Actually ICAP students and newly qualified accountants are also victim of this.
Do not worry about people and ICAP members in Pakistan they are worried about their own future. Do not worry about them it is normal policy of Pakistani natioanl.
Do not worry its just shows dark future of our nation. My 4 friends who are ACCA and working in London got UK Indinite stay and I do not think they will come back to Pakistan. My position is diferent as my mother wants me back, but I can also do same. If my these 4 friends will not come back to Pakistan then who will ber loser, obviosuly Pakistan and its economy because of policies.
I persoanlly know ACCA affliciate who did ACCA in pakistan and got 35,000 in first job in Habib bank.Do not worry about them they are liar. Go and check thread <b>ICAP HUMILATING ITSEFL </b> started by me and see ICAP people lies. Rabia can also tell you how much ICAP and its people lies.
Remember there are only 700 ACCA members and 11,000 aliciate in Pakistan.
Ask ICAP newly qualified how much he is getting in audit firm.
I have already said in <b>ICAP HUMILATING ITSEFL</b> thread that ICAEW brand in Pakistan will be diluted cause ICAEW has started condecting its exams in Pakistan. My this prediction is proving correct like what HR personnel in BIG 4 told you.
WE do have class system in our society and status-co will do everything to maintain this class system.
Click on link below and you will find even ICAP newly qualified accountant are looking jobs outside Pakistan.
http//www.accountancy.com.pk/forum/topic.asp?topic_id=6512
Last thing after passing ACCA all 14 papers one does not become ACCA qualiied, to be ACCA qualified one need to pass all ACCA examinations plus need to have three yrs experience. Same is true or ICAEW and ICAP.
My friend its fight of maintaining class system in Pakistan.
If you go for CSS (my father was CSS and now retired) then you will have to take money out of poor people pocket and you will not have any value outside Pakistan unless Govt sponsor you outside Pakistan. This is the reason my father did not let me to do CSS. Remember nowadys its a world of Muti-national companies. Anyway you will understand these things after sometime and having experience.
ICAP is just loosing its grip in Pakistani market and that is why they even started propaganda against ICAEW and ACCA with more power.
Only in UAE there are about 31,000 ACCA members are working, in UK there are about 60,000 ACCA members, about 120,000 ICAEW members, in USA there are about 350,000 CPA even in India there are about 130,000 members o ICAI(India) and there are still jobs there for accountant.(I am not saying nowadays as its credit crisis, but situation will be alright in a yr). And if 4000 ICAP members, 3000 ICMA members and 700 ACCA members are too much in Pakistani economy, then you can guess condition of this economy.
In the absence of eletricity, gas etc how one can run industry and if no industry no audit firms. PIA has been loss making organisation.
Khalid
My first cousine qualified ACA from ICAEW in 1992 and when he came back to Pakistan his starting salary was 70,000 plus car in 1992-93. My two friends qualified ACCA from London and worked only one or one and half yr in London when they went back to Pakistan in 2004-2005 one got 70,000 with car and second got 80,000 with car.
My broter who did MBA from Pakistan he never studied out of Pakistan his starting salary was 35,000 in mobolink. Mobolink finance director who is ICAEW member is getting 22 lac plus car a month. Yes he has so many yrs of experience but still he is getting this amount.
My one friend in CSS and works in police last time when I went to Pakistan he gave me respect only becuase I am qualiied Chartered Accontant(ACCA).
You said that I(khalid) will not get job in Pakistan. You are wrong and i kinow my market in Pakistan. I do not know why you are saying all this. May be audit firms does not pay more, actually this is problem with asian employers in audit firms. Even in London asian audit firms do same and that is why they cannot find employee,people work in asain firms in London for couple of months and leave.
Y you want to work in audit firm in Pakistan. In Pakistan People say that if you have 3 to 4 yrs audit experience then in industry you will get much more after having audit firm experience for 3 to 4 yrs.
I have not understood this logic, means you work for small money in audit firm in HOPE you will get better money in industry later. Dear if you start working in industry from day one then they will pay you good money from day one. Suppose you join industry from day one and they pay you say 30,000 per month (they will pay you this amount for sure) and after having 3 yrs experience your salary will be same what qualified accountant with 3 yrs audit experience will get in industry.
I am sorry to say but audit firms partners in Pakistan are misguiding new students so that they get cheap labour. If ACCA and ICAEW do not have value then ICAP is nothing.
ICAP students and members also get peanunts in audit firms in Pakistan. ICAP is thinking to authorised firms in industry to train CA students if it will happen then you will see Aidit firms position in Pakistan. Remember ICAP must do it as ICAEW has alraedy done it and everyone knows ICAP blindly follow ICAEW.
Try to understand what is going on in Pakistan, ICAEW and ICAP signed MOU recently. ICAEW signed it cause it wants to increase its membership and ICAP signed it for two reasons. First ICAP wants to show that it has voice in world which is not correct cause you this degarding MOU, secondly ICAP wants to arrange cheap labour (newly qualiied ACA) for FCAs.
You said <b>I recently met with an HR personnel of one of the Big 4 firms and he really confused me about the future of accountancy and for this reason now I am deciding to leave accountancy forever.</b>
Remember industry cannot be run without accountant and if accountancy proession does not have future in Pakistan means in future there will be no banks, mills etc in Pakistan that is what you want to say. If we take HR personnel statement then its means ICAP member will also not have future in Pakistan, there will be no audit firms in Pakistan (as audit firms only depends on industry) and eventually this HR personnel will also loose his job, that is what he is saying. they are liars.
Govt of Pakistan has set min wage of 6,000 which is for those with NIL qualiication, if audit firms are giving this amount to qualified accoutant then I have nothing to say. Remember they first discourage new accountant and say audit firm experience is must then they pay this amount. They do same thing with ICAP people. Try to understand game. Actually ICAP students and newly qualified accountants are also victim of this.
Do not worry about people and ICAP members in Pakistan they are worried about their own future. Do not worry about them it is normal policy of Pakistani natioanl.
Do not worry its just shows dark future of our nation. My 4 friends who are ACCA and working in London got UK Indinite stay and I do not think they will come back to Pakistan. My position is diferent as my mother wants me back, but I can also do same. If my these 4 friends will not come back to Pakistan then who will ber loser, obviosuly Pakistan and its economy because of policies.
I persoanlly know ACCA affliciate who did ACCA in pakistan and got 35,000 in first job in Habib bank.Do not worry about them they are liar. Go and check thread <b>ICAP HUMILATING ITSEFL </b> started by me and see ICAP people lies. Rabia can also tell you how much ICAP and its people lies.
Remember there are only 700 ACCA members and 11,000 aliciate in Pakistan.
Ask ICAP newly qualified how much he is getting in audit firm.
I have already said in <b>ICAP HUMILATING ITSEFL</b> thread that ICAEW brand in Pakistan will be diluted cause ICAEW has started condecting its exams in Pakistan. My this prediction is proving correct like what HR personnel in BIG 4 told you.
WE do have class system in our society and status-co will do everything to maintain this class system.
Click on link below and you will find even ICAP newly qualified accountant are looking jobs outside Pakistan.
http//www.accountancy.com.pk/forum/topic.asp?topic_id=6512
Last thing after passing ACCA all 14 papers one does not become ACCA qualiied, to be ACCA qualified one need to pass all ACCA examinations plus need to have three yrs experience. Same is true or ICAEW and ICAP.
My friend its fight of maintaining class system in Pakistan.
If you go for CSS (my father was CSS and now retired) then you will have to take money out of poor people pocket and you will not have any value outside Pakistan unless Govt sponsor you outside Pakistan. This is the reason my father did not let me to do CSS. Remember nowadys its a world of Muti-national companies. Anyway you will understand these things after sometime and having experience.
ICAP is just loosing its grip in Pakistani market and that is why they even started propaganda against ICAEW and ACCA with more power.
Only in UAE there are about 31,000 ACCA members are working, in UK there are about 60,000 ACCA members, about 120,000 ICAEW members, in USA there are about 350,000 CPA even in India there are about 130,000 members o ICAI(India) and there are still jobs there for accountant.(I am not saying nowadays as its credit crisis, but situation will be alright in a yr). And if 4000 ICAP members, 3000 ICMA members and 700 ACCA members are too much in Pakistani economy, then you can guess condition of this economy.
In the absence of eletricity, gas etc how one can run industry and if no industry no audit firms. PIA has been loss making organisation.
Khalid
