Yamini Tomar is a Delhi based company secretary working for the past two years and leading a successful career as a company secretary. Read on to know her insightful views…
When was the first time you heard of this profession and what led you to pursue it?
Yamini: There was no specific person that told me about it. I heard about it during some discussion in a class about different professions you can choose in commerce. It is one of the two professional degrees in commerce and the best one according to me. 😋
Tell us about the different options a commerce student has after graduating from high school.
There are so many options to choose from! You can become a Chartered accountant, Company secretary, a designer of any kind or can opt for computers, business management (which in itself is varied as an option) and many others. When our teacher first told us there were almost 50 options written on the board😅 which of course I don’t remember right now
You can become a lawyer or can be a lecturer. Take your pick!
What are certain traits that one needs to have for doing well in this field?
For starters, CS requires dedication, a lot of hard work and courage because of so many failures. People don’t pass because of 1 or 2 marks many times. And I think anybody can be a hardworking person. You don’t have to be born intelligent for success because intelligence comes from hard work. Talents only work when u work hard for something.
Talk about why you chose commerce over science.
In India, people don’t engage their kids in commerce. Science is the primary choice. So, from the very beginning, they are being told to become a doctor or engineer without even knowing the kid’s interest. But I think when we grow up and become aware of our own interests and what we want to do in life, that’s when we make our choice. If you love science then it’s great, but if you have any weak point like chemistry or physics, the whole field is difficult. Commerce is fun and relatable but also testing.
Walk us through the process of becoming a company secretary.
One can start right after 12th standard or after graduation. There are three levels of the course,
- Foundation programme,
- Executive programme and
- Professional Programme.
If you start after 12th you need to pass all three but in case you start after graduation, you don’t need to clear the foundation level. You can jump straight to an executive. The subjects can be known from the CS website.
Do you need any additional coaching to prepare for getting into the course?
Almost 95% students go for oral coaching for all the levels. Reason being, understanding the subjects is quite difficult. There is the whole lot of tax, company laws, etc. Other 5% (including me) do self-study.
How does a gap year affect a career in this field and how common is it for students to take a gap year to prepare themselves?
It’s a continuous process. You take the exam and then if you don’t clear if you take it again. The exams take place every six months in the month of June and December. It’s always a year off when you don’t pass and take the exam again. The results are like 5-10% only (and even lesser sometimes).
What would technical skill set you say is mandatory in this profession?
After becoming a CS, continuous knowledge, updating yourself regularly is absolutely essential since the law changes almost every day. Think wide, update yourself and develop your personality,
A Company secretary is called the doctor of the artificial person (the company) and a doctor needs to know all.
What is the job scenario in this industry and how saturated is it right now?
This is the sad part, CS students study really hard. I mean, it’s just 5-10% result all over. But when it comes to jobs, there aren’t many jobs in the market. If you are lucky enough and if u stand out because of any trait of your own, you get recognition. If not, you just get frustrated with studying so hard. This is the point where the part of having multiple degrees comes into the picture. Along with CS, you can do graduation like b.com/b.com honours or you can do law or MBA CS + law is considered best.
According to me, CS+ MBA is the most viable option.
What is the best way to find a job considering there are no campus placements?
ICSI has started conducting campus placement since last year, but that’s superficial as they just started it. But it’s a good initiative so okay.
We find jobs through all the vacancies on the internet. Most sites create fake jobs but there are some which are really like shine.com, naukri.com. If you ask me, LinkedIn is the best.
What are the entry-level salary and the growth perspective in this profession right now?
Salary depends on your knowledge and your personality. Both equally important because you, in a way represent your company. I think 25-30k is the minimum in private sector. In the government sector, it depends on the pay scale. Growth is huge. It’s worth studying so much. You just need to constantly learn and improve. Although that’s the case with every profession.
If luck is on your side, your starting salary could be as high as 50,000.
What does your typical day in the office look like?
The day consists of meeting with certain people, you answering a lot of questions from a lot of people, documentation, research and development, filling of forms, eating of course😅 and a little relaxing sometimes.
Tell us one thing you wish you had known earlier about this career?
Definitely, the job part. Looking for a job is the hardest part. But that, I feel, is in every stream. 80% jobs are fake and get filled by known people. The other 10-15% of the people who are scholars and the race for the remaining 5% is very hard. But as a CS, we study very hard like 16-18 hours probably. And then if u have to wait for a job, it’s depressing.
If you have any career related query you can drop her a message.