Company Secretary Career Options After 12th Commerce, Introduction, Course Details, Eligibility, Admission, Fee Structure, Top Colleges, Career Opportunities, Scope, FAQs
Table of Contents
Introduction
The role of a Company Secretary (CS) is among the most respected positions within corporate governance, offering a lucrative career path that combines knowledge of law, administration, and business strategy. The company secretary career gives you the platform to handle all the key responsibilities for an organization to handle compliance, regulatory issues, and governance. This profession is not only rewarding in terms of salary but also comes with a great deal of respect and influence. In this comprehensive guide, we’ll let you through everything you need to know while choosing a Company Secretary career, courses and colleges, eligibility, fees, career options, and the most frequently asked questions.
What is a Company Secretary Career Options After 12th?
A Company Secretary career is the top level position in a company responsible for ensuring that the organization meets all the stipulated regulations and legal requirements. These careers also hold a very influential role in corporate governance, handling the legal matters of a firm, keeping records, and advising the board of directors on aspects that relate to the law. Such a role can do much to ensure an organization remains transparent and in compliance with, say, a private firm, government enterprise, or international firm.
Why Become a Company Secretary?
There are several benefits to choosing company secretary career:
Captive Role: The role of the CS is involved in much more than strictly legal activities, such as company strategy, managing risks, and corporate governance.
Promising Career: The CS profession generally presents excellent career prospects, particularly if the individual is interested in becoming senior management personnel.
Job Security: As companies expand, the requirement for governance and compliance increases, therefore generating a consistent job of a Company Secretary.
Very Good Salary: A Company Secretary is paid well considering his skills, so this career is suitable for someone with an intense interest in law and governance of the corporation.
Eligibility Criteria to become a Company Secretary
To choose a company secretary career you must fulfill some eligibility criteria such as:
Education Qualification
Foundation Level: Candidates joining after school will have to complete 10+2 or equivalent.
Executive Level: Other than Fine Arts, any graduate shall join the executive level
Professional Level: Clearing the executive level gets somebody into the final professional level. Age Limit
There is no age limit, though the candidate joining foundation program must have a minimum of 17 years of age. Skills Required
Key skills for aspiring Company Secretaries include:
- Knowledge of legal and corporate law
- Exceptional communication and interpersonal skills
- Strong analytical thinking and problem-solving abilities
- A keen interest in corporate governance and regulatory compliance
Company Secretary Course Syllabus Overview
The Institute of Company Secretaries of India or ICSI is the body conducting an examination for a course of Company Secretary. CS course consists of three primary modules:
Foundation Program
- Duration: 8 months
- Subjects: Business Environment, Law, Ethics, Accounting, Business Economics, and Business Management.
- Eligibility: 10+2 or equivalent.
Executive Program
- Duration: 9 months (per module)
- Subjects: Company Law, Economic, Commercial and Intellectual Property Laws, Tax Laws, Securities Laws, and Capital Markets.
- Eligibility: Bachelor’s degree (or completion of Foundation level).
Professional Program
- Duration: 10 months (per module)
- Subjects: Governance, Risk Management, Compliance and Ethics, Advanced Tax Laws, Corporate Restructuring, and Drafting.
- Eligibility: Completion of Executive level.
Top Colleges for Company Secretary in India
While the ICSI is the body that runs CS courses, some institutes offer value addition and also provide students with:
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- Institute of Public Enterprise (IPE), Hyderabad
- Symbiosis Centre for Management Studies, Pune
- St. Xavier’s College, Kolkata
- Christ University, Bangalore
Such colleges have pre-read classes, workshops, and resources that add value to the standard CS courses run by the ICSI and assist learning.
Fee Structure for the Company Secretary Career Course
The course fee for the Company Secretary career course may be different for each level:
- At the Foundation Level: Rs 4,500
- At the Executive Level: Rs 9,000 per module
- At the Professional Level: Rs 12,000 per module
Other fee expenses might include study materials, coaching classes, examination fees, and workshops.
Job Opportunities and Career Path in the Private Sector
Since the Company Secretaries are offered various scopes of job opportunities in the private sector, some of the principal fields include:
Corporate Governance and Compliance
The other significant role professionals will serve in the private sector is ensuring that any company they may eventually work for will comply with all requirements brought upon them by legal and regulatory statues.
Advisory and Consulting Roles
A CS might serve as an advisor on corporate laws, tax matters, or mergers and acquisitions; advice may prove a lifeline in formulating comprehensive strategies to systematically navigate often impenetrable legal procedures.
Corporate Affairs and Legal Counsel
The CS professionals are mostly absorbed as internal counsel, drafting of contracts, merger management and upkeep of legal documents.
Executive and Leadership Levels
After gathering some experience, a Company Secretary can transition into executive or leadership roles such as Chief Compliance Officer or Director of Corporate Affairs.
Government Job Opportunities for Company Secretaries
Company Secretaries are also in significant demand in the public sector where they will be engaged with a myriad of government agencies, regulatory bodies or financial institutions:
Public Sector Enterprises
PSUs such as BHEL, ONGC, NTPC, and SBI employ CS professionals for law compliance and corporate governance.
Regulatory Bodies
Entities such as Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), and Insurance Regulatory and Development Authority (IRDA) hire CS professionals to maintain regulatory compliance.
Judicial Services
Some Company Secretaries serve in judicial systems, acting as corporate governance and compliance experts.
Salary for Company Secretary Career
Salary offered in Company Secretary career depends on different parameters like experience, industry, and location. Average salary per year:
Entry-Level: (0-3 years): 4-6 LPA
Mid-Level: 4-7 years: 8-12 LPA
Senior-Level: 8+ years: 15-25 LPA
Salary is relatively more in metropolitan cities as well as in multi-national companies, and the additional salary depends on the company’s policies.
Further Study Options:
After completing the Company Secretary career course (CS), there are several further study options you can pursue to enhance your skills, broaden your career opportunities, or specialize in a particular field. Here are some options to consider:
1. Chartered Accountancy (CA)
- If you have an interest in finance, accounting, and auditing, pursuing the CA qualification can complement your CS qualification. Both the CS and CA qualifications are highly respected in the corporate world and can lead to senior roles in finance, taxation, and auditing.
- How to pursue: After completing the CS course, you can pursue the CA course (if you haven’t already) by enrolling in the CA Final exam and completing the required articleship.
2. Master of Business Administration (MBA)
- An MBA is a popular choice after CS, especially if you’re interested in leadership roles, strategic management, or entrepreneurship. You can choose from various specializations like Finance, Marketing, Human Resources, Operations, International Business, and more.
- How to pursue: You can apply for MBA programs in reputed business schools. Many universities accept CS professionals directly for their MBA programs, especially with a specialization in Finance or Corporate Governance.
3. LLB (Bachelor of Laws)
- A degree in Law (LLB) is a great option if you’re interested in legal aspects of corporate governance, mergers and acquisitions, or corporate litigation. With your CS background, you will already have an understanding of corporate laws and legal frameworks.
- How to pursue: If you haven’t already completed an LLB degree, you can do so after your CS. There are options for 3-year LLB (after graduation) or 5-year integrated LLB programs.
4. Diploma in Taxation or Financial Management
- For those interested in the taxation and finance sectors, pursuing a Diploma in Taxation or Financial Management can add significant value to your profile.
- These diplomas can open doors to roles in corporate taxation, tax planning, auditing, or financial management.
5. Certified Public Accountant (CPA)
- If you’re looking for international recognition in the accounting field, you can pursue a Certified Public Accountant (CPA) qualification. The CPA is a prestigious global certification that opens doors to opportunities in accounting, auditing, and finance, especially if you want to work abroad.
- How to pursue: You can apply for the CPA exam through various international organizations like the AICPA (American Institute of Certified Public Accountants).
6. Certified Management Accountant (CMA)
- The CMA certification is highly beneficial for those who wish to specialize in management accounting and corporate finance. It’s recognized globally and is designed for professionals involved in financial planning, analysis, control, and decision-making in organizations.
- How to pursue: You can join the Institute of Management Accountants (IMA) for the CMA program.
7. International Certifications (CFA, FRM, etc.)
- Chartered Financial Analyst (CFA): If you’re inclined towards investment banking, asset management, or financial analysis, the CFA is one of the most prestigious certifications in the finance industry.
- Financial Risk Manager (FRM): This certification is ideal if you’re interested in risk management within financial institutions or large corporations.
- How to pursue: You need to clear exams and meet the eligibility requirements for these certifications.
8. Corporate Governance and Sustainability Courses
- As a Company Secretary, you may already have a solid understanding of corporate governance. However, further education in Corporate Governance, Sustainability, and Ethics can enhance your expertise and prepare you for roles like Corporate Governance Officer, Risk Management, or Compliance Officer.
- There are various certifications and post-graduate courses available in this domain, offered by professional bodies and universities.
9. Postgraduate Diploma in Management (PGDM) or Executive Program
- If you are looking for a quicker, industry-oriented postgraduate program, a PGDM or an Executive Program from a reputed institute might be the right option.
- These programs often offer specialized subjects in Finance, Corporate Governance, Entrepreneurship, and Business Strategy and are designed for professionals looking to fast-track their career growth.
10. Stock Market and Investment Courses
- You can pursue specialized courses in stock market trading, equity analysis, investment banking, and portfolio management. These certifications can be valuable if you wish to work in the financial markets, investment firms, or even corporate treasury departments.
- Many institutes offer short-term certification programs in financial markets, technical analysis, and investment strategies.
11. Entrepreneurship
- With your expertise in corporate law, governance, and compliance, you could start your own consulting firm or venture into entrepreneurship. This could be in areas like corporate law consultancy, compliance services, corporate governance consulting, or even other industries.
- You may also choose to pursue entrepreneurial studies or startup incubation programs from various institutes.
12. PhD in Law or Business Administration
- If you’re passionate about academics and research, pursuing a PhD in Corporate Law, Business Administration, or Corporate Governance could be an excellent option. It can lead to careers in teaching, research, or senior policy advisory roles.
- How to pursue: After completing an LLB or MBA, you can apply to universities that offer a PhD program in related fields.
13. Certified Internal Auditor (CIA)
- If you’re interested in internal auditing, risk management, or compliance roles, pursuing a Certified Internal Auditor (CIA) qualification is an excellent choice. It’s an internationally recognized certification that can enhance your profile in the corporate world.
- How to pursue: You can apply through the Institute of Internal Auditors (IIA).
Career Options with Further Studies:
- Chief Compliance Officer (CCO)
- Corporate Governance Consultant
- Risk Management Officer
- Financial Analyst or Manager
- Investment Banker
- Legal Advisor for Corporates
- Corporate Trainer in Governance & Law
- Director or CEO of a company
FAQ Section: Frequently Asked Questions on Company Secretary Career
Q1: Is the Company Secretary career course challenging?
The CS course takes much time and hard work, but with appropriate study and time management, it is achievable.
Q2: How many years would the Company Secretary career course take?
It would nearly take about 3-5 years to complete all levels of the CS course.
Q3: How long does one need to pursue a CS course after 12th grade?
You can begin by taking the Foundation Program after you finish the 10+2.
Q4: Need a law degree for company secretary Career?
No, one doesn’t necessarily have to obtain a separate law degree but it may complement the CS profession.
Q5: Can I opt to pursue other courses while pursuing the CS course?
Yes, many candidates do opt for other courses like an LLB or an MBA to broaden and enhance career prospects.
Q6: What is considered the passing percentage for CS exams?
The pass percentage fluctuates, whereas the exams are highly strenuous and have stringent performance criteria to clear.
Q7: Is there an international career scope for Company Secretaries?
Yes, Indian CS professionals can work in countries which have similar corporate laws.
Q8: Can I be self-employed as a Company Secretary?
Yes, you can open a consultancy or be an independent corporate counselor.
Q9: Will the CS course benefit with respect to professional development?
Absolutely. The demand for Company Secretaries is growing rapidly because of the increasing attention to corporate governance.
Q10: Is scholarship available for CS programmes?
Yes, ICSI provides scholarships to deserving students and those hailing from economically weaker sections.
Q11: How much is the salary for a fresh Company Secretary?
A fresh Company Secretary in India receives around INR 4-6 LPA on an average; it would vary based on the company, location, and individual skill sets.
Q12: Can Company Secretaries be employed in MNCs?
Yes, most multinational corporations employ Company Secretaries for conformity to the local laws, corporate governance, and internal regulations. CS experts in MNCs handle cross-country business practices; therefore, it is an international diversification opportunity.
Q13: Do I need to do internship in the CS course?
Yes, ICSI insists that a candidate has 21 months of practical training, which can take the form of internship in corporate organizations or with working Company Secretaries.
Q14: Do I have a chance in CS after Commerce graduation?
Absolutely. This is an advantage as Commerce includes disciplines such as accounting, law and management studies which are necessary for CS professionals.
Q15: Is the Company Secretary Career course available through online study?
ICSI does not offer the entire course through online media, but some pre-course classes and course study material are available at online sites and coaching institutes. However, they do have offline exams at designated centers.
Q16: What is the job of Company Secretary in the bank?
Company Secretary of a bank can have an assignment of looking after corporate compliance and shareholder relationship management and ensuring that the particular bank under his care is working according to the laws of banking. They also help in regulatory reporting and corporate governance.
Q17: Company Secretaries: Are they legal advisors?
Even though Company Secretaries are well-equipped with a good foundation in corporate law, for a qualified legal adviser, an LLB degree is needed for them, however they can provide advice in the areas of corporate governance and compliance.
Q18: How secure is the Company Secretary Career?
Company Secretaries face job security as more importance is given to compliance and governance by organizations. Regulatory functions are part of an organization, and hence there is a constant requirement of CS professionals.
Q19: Does the profession of Company Secretary only exist in the corporate field?
No, Company Secretaries have career options in both
Conclusion
Company Secretary career is just right for those in search of professional and organizational issues. From governance and compliance to advisory roles in the private sector and public sector, the prospects of a Company Secretary career are wide open and promising. With excellent job security, competitive salaries, and respected professional standing, it would be a satisfying career for dedicated professionals to become a company secretary. If you’re interested in law and corporate governance and you wish to play an important role in the management of businesses, then you would find a career as a Company Secretary suitable for you.
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The CS course takes much time and hard work, but with appropriate study and time management, it is achievable.
It would nearly take about 3-5 years to complete all levels of the CS course.
You can begin by taking the Foundation Program after you finish the 10+2.
No, one doesn’t necessarily have to obtain a separate law degree but it may complement the CS profession.
Yes, many candidates do opt for other courses like an LLB or an MBA to broaden and enhance career prospects.
The pass percentage fluctuates, whereas the exams are highly strenuous and have stringent performance criteria to clear.
Yes, Indian CS professionals can work in countries which have similar corporate laws.
Yes, you can open a consultancy or be an independent corporate counselor.
Absolutely. The demand for Company Secretaries is growing rapidly because of the increasing attention to corporate governance.
Yes, ICSI provides scholarships to deserving students and those hailing from economically weaker sections.
A fresh Company Secretary in India receives around INR 4-6 LPA on an average; it would vary based on the company, location, and individual skill sets.
Yes, most multinational corporations employ Company Secretaries for conformity to the local laws, corporate governance, and internal regulations. CS experts in MNCs handle cross-country business practices; therefore, it is an international diversification opportunity.
Yes, ICSI insists that a candidate has 21 months of practical training, which can take the form of internship in corporate organizations or with working Company Secretaries.
Absolutely. This is an advantage as Commerce includes disciplines such as accounting, law and management studies which are necessary for CS professionals.
ICSI does not offer the entire course through online media, but some pre-course classes and course study material are available at online sites and coaching institutes. However, they do have offline exams at designated centers.
Company Secretary of a bank can have an assignment of looking after corporate compliance and shareholder relationship management and ensuring that the particular bank under his care is working according to the laws of banking. They also help in regulatory reporting and corporate governance.
Even though Company Secretaries are well-equipped with a good foundation in corporate law, for a qualified legal adviser, an LLB degree is needed for them, however they can provide advice in the areas of corporate governance and compliance.
Company Secretaries face job security as more importance is given to compliance and governance by organizations. Regulatory functions are part of an organization, and hence there is a constant requirement of CS professionals.
No, Company Secretaries have career options in both