Most Frequently Asked Questions in CA Industrial Training
Most Frequently Asked Questions in CA Industrial Training
Q 1 : How is the work environment in an Investment Bank?
Ans : I think the kind of environment we get in any corporate is very different.I personally felt a sense of belonging to HSBC and to be more specific, belonging to the team. I could easily ask for help without giving a second thought if I was stuck somewhere.
Secondly, the team i worked with was really cooperative. It was the first time everyone was working from home and we all faced challenges like power outage or internet not working. So, the team really understood each other's problems and helped each other in their work.
I was trained for all the work through zoom calls and it was challenging for the other person to explain things over a call. Things took much more time than it would have taken if things were normal and we were working in offices. Still everyone was calm and patient.
Overall, I had a really good experience working with HSBC and I would recommend everyone to go for industrial training if they get an opportunity!!
Ques 2 : How can I get an opportunity to work as a CA industrial trainee with HSBC or any other investment bank?
Answer : Here is what I did :
1) I tried to connect with people on linked in who have done industrial training or are undergoing the same.
This helped me to know the insights of the company and to know about any vacancies arising when people posted about it on linked in.
2) I regularly checked the jobs section of the corporate's page on linked in to find about any vacancies.
3) I used to search for hashtags like #industrial_training #caindustrialtraining on linked as this could help me to reach the posts which were relevant for me.
Answer : Here is what I did :
1) I tried to connect with people on linked in who have done industrial training or are undergoing the same.
This helped me to know the insights of the company and to know about any vacancies arising when people posted about it on linked in.
2) I regularly checked the jobs section of the corporate's page on linked in to find about any vacancies.
3) I used to search for hashtags like #industrial_training #caindustrialtraining on linked as this could help me to reach the posts which were relevant for me.
Ques 3 : Can you please provide me email ID of HR?
Answer : Please understand that sending CVs to the HR will not help.
The HRs of all corporates would be receiving 100s of CVs and I don't think, they genuinely have the time to go through each one of them.
There is no relevance in just sending your CV to the HR.
Rather, it's always better to reply to specific job postings by the company. If you send your CV while applying for a specific job role, there are more chances of you being short listed.
Answer : Please understand that sending CVs to the HR will not help.
The HRs of all corporates would be receiving 100s of CVs and I don't think, they genuinely have the time to go through each one of them.
There is no relevance in just sending your CV to the HR.
Rather, it's always better to reply to specific job postings by the company. If you send your CV while applying for a specific job role, there are more chances of you being short listed.
Ques 4 : When should we start looking for industrial training?
Ans : I think, one should start searching for industries 3-4 months prior to completion of second year of articleship.
Here is my experience : My second year of articleship was to be completed in February 2020, so I started looking for industrial training from November 2019.
As a result, I had 5 offers by the time of completion of 2nd year and this helped me to chose the best corporate as per my requirements.
Ans : I think, one should start searching for industries 3-4 months prior to completion of second year of articleship.
Here is my experience : My second year of articleship was to be completed in February 2020, so I started looking for industrial training from November 2019.
As a result, I had 5 offers by the time of completion of 2nd year and this helped me to chose the best corporate as per my requirements.
Ques 5 : Can you please guide me in preparing my CV?
Ans : Your CV plays an important role to crack a call for an interview. If your CV is not properly drafted, your application might go unnoticed.
It took me 6-7 hours to draft my CV. I had to proof read my resume several times before finalising and sending the resume to various companies.
Ans : Your CV plays an important role to crack a call for an interview. If your CV is not properly drafted, your application might go unnoticed.
It took me 6-7 hours to draft my CV. I had to proof read my resume several times before finalising and sending the resume to various companies.
Question 6 : What is the hiring process in investment banks?
Answer : I am sharing my journey and assuming that all investment banks have almost same recruitment process.
Step 1 : An online test - This is a situational judgement test wherein, as the name suggests, you are given various situations you will face in the office environment and you are required to select the most appropriate answer out of the given options
Step 2 : An interview call : You will receive a call from the HR, if you have cleared the online test. The HR will arrange a face to face interview with the manager / AVP of the team for which you have been shortlisted
Step 3 : You will receive a confirmation call from the HR if you have cleared the face to face interview round. However, the appointment will be subject to clearance of HR round
Step 4 : HR round : The HR will call for the round and tell all the terms of appointment etc. Then, you will be asked to submit certain documents for background verification.
Step 5 : You made it !! You will get an offer letter if you clear all the stages along with the background verification.
Answer : I am sharing my journey and assuming that all investment banks have almost same recruitment process.
Step 1 : An online test - This is a situational judgement test wherein, as the name suggests, you are given various situations you will face in the office environment and you are required to select the most appropriate answer out of the given options
Step 2 : An interview call : You will receive a call from the HR, if you have cleared the online test. The HR will arrange a face to face interview with the manager / AVP of the team for which you have been shortlisted
Step 3 : You will receive a confirmation call from the HR if you have cleared the face to face interview round. However, the appointment will be subject to clearance of HR round
Step 4 : HR round : The HR will call for the round and tell all the terms of appointment etc. Then, you will be asked to submit certain documents for background verification.
Step 5 : You made it !! You will get an offer letter if you clear all the stages along with the background verification.
I hope this helps. All the best !!
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