Importance of Education
Name – Swapan Bose
Profession – Cost Auditing
Designation – Chief Executive Officer
Organisation – Pune Industrial Distribution Pvt Ltd.
Age – 62
City – Pune
Work Experience (Years) – 40
Under-Graduation – BCom Hons, Ranchi University
Post-Graduation – MA in Public Administration, Nagpur University
Professional Qualification – I did ICWA from Kolkata and later Diploma in Operation Audit. I have another qualification CISA (Certified Information System Audit from the USA – one year course), which helps in doing an audit in the IT field.
I also did an MA in Economics (completed 1st part) and LLB (completed 2nd part).
Please give us a summary of your Career.
I first started in TML i.e.Tata Motors Limited in the Manufacturing Department. I continued in the Manufacturing activities for five years.
Then I joined the Finance Department of Tata Motors and continued for 3 years in the same.
After leaving the finance dept, I joined the Internal Audit Department in Tata Motors and continued for 16 years, and reached the position of Asst General Manager (Internal Audit) level.
I also Joined Material Dept in TML and continued for 6 years, and was promoted to Sr AGM (Materials).
I am presently working as a CEO in Pune Industrial Distribution Private Ltd.
Please describe your current Job Responsibilities as Chief Executive Officer.
In Manufacturing activity, I worked in Machine Shop to manufacture various automobile parts/ components.
In the Finance Dept, my job was that of a Junior Officer in various Functions like Auto Costing, Supplier payment, TDS, C form related work etc.
As an AGM (Internal Audit), my main responsibility was to carry out Operation audit across locations (in India and Outside India) along with a Team.
As Sr AGM ( Material) my responsibility was to manage one of the Stores, Logistic activity, Scrap Yard etc.and supervise juniors reporting more than 50.
Average Income in this Profession in the current scenario
Starting out/Fresher – 2-5 Lakhs Per Annum
5 Years of Experience – 5-10 Lakhs Per Annum
10 Years of Experience – 5-10 Lakhs Per Annum
15 Years of Experience – 10-20 Lakhs Per Annum
20 or more Years of Experience – 20-40 Lakhs Per Annum
How do you rate the Income Potential in your career?
On an average, how many hours do you work per day?
More than 9 hours
On an average, how many days in a week do you work?
How often are you required to work in night-shift?
Does your work require you to travel?
Does your work require you to relocate to different town/cities?
How would you consider the job security in your profession?
Would you consider this Profession Risky?
Overall, how would you rate Work-Life Balance in your Profession?
Overall, how would you rate Job Stability of your Profession?
What are the different ways of entering this profession?
For the audit field, one has to have a knowledge of the management as well as the technical. One can enter through courses like MBA or through diploma courses such as CA or ICWA. Students who have completed B.Tech and M.Tech are also increasingly being preferred for their technical skills.
How would you rate Stress-Level in your Profession?
How would you rate your office/work infrastructure?
How would you describe your co-workers?
Generally speaking, your work is
Overall, how would you rate Work-Culture in your Profession?
Importance of Education in Your Profession
Would you say that Education from top School/College plays a major role in the success in this Profession?
What level of Education is sufficient to be successful in this Profession?
Post-Graduation in Relevant Stream
Would you say that Studious students are generally successful in this Profession?
How would you consider the Cost of Education post 12th?
At present, which institutes are best for the education of this profession?
For management, institutes like IIM and XLRI are considered the best. For the technical, IITs are the most preferred. A student can also go ahead by doing vocational courses side by side from standard institutions such as the ICMA.
What is the cost of education (post 12th) of this profession at present?
Depends on the institutes. Generally speaking, it is from moderate to a bit high.
Overall, how would you rate the role of Education in your Profession?
According to you, what kind of person is likely to be Happy & Successful Chief Executive Officer?
First Personality Trait – Energized by people, enjoy a variety of tasks and good at multitasking
Second Personality Trait – Focus on possibilities and value innovation to come up with creative solutions to problems
Third Personality Trait – Prefer to make decisions using logic by weighing the pros and cons
Fourth Personality Trait – Prefer to be organised and stick to plan
Fifth Personality Trait – Prefer to seek new experiences and create new things
Sixth Personality Trait – Prefer to be easy-going and flexible with life
Seventh Personality Trait – Prefer to be cooperative and compassionate
Eighth Personality Trait – His/Her Family and Friends agree that S/he is usually relaxed, calm and happy
Please provide details
A person who aspires to be a Chief Executive Officer has to be very meticulous in this job. This field requires minute observation and sternness.
A person who wants to be Chief Executive Officer has to be flexible and establish good professional relationships. However, discipline and Hard work is the key to success in the stream.
What are some of the positives, which would encourage someone to become a Chief Executive Officer?
Audit work is one of the most socially respected jobs. As it helps to ensure all operations are being performed as per laid down processes and helps to eliminate undesirable cost, the demand for this profession is a lot.
This profession (Audit) helps to guide Management and is one of the most highly paid positions in a firm.
Cost Audit also lets you meet a variety of influential people and travel to many places.
The profession also has excellent opportune to start own Audit firm (Cost Audit)/Consultancy firm.
What are some of the negatives that you would want someone to be aware of when considering a career as Chief Executive Officer?
As this profession of Chief Executive Officer, includes minute observation and pointing of the cons, an auditor by nature becomes a suspicious person. This affects the personal life.
Audit work, after a certain period, becomes monotonous. And the enthusiasm that is present initially, begins to fade.
Also, this profession is slowly getting exposed to corruption which is leading to companies producing bad products and giving inferior services.
Recognition in your Profession
What is your family’s view of your Profession?
My Family is Impressed
What is Friends’ view of your Profession?
My Friends are Impressed
What is Society’s view of your Profession?
Society is Impressed
Overall, how would you rate the Recognition aspect of your Profession?
General Information of your Profession/Business
What kind of family’s financial background can maximize success in this profession?
Small Business (Annual Family Income upto 20 Lakhs)
What is the ease of starting own business in this field?
May be Easy for Few
How easy is it to move to a different country in this profession?
Now you have several years of work experience and you have seen professions of others. If you are taken back to 10th/12th class and allowed to pick a profession, then which profession will you pick and why?
I would pick the profession of a teacher because I loved to learn new things and teach to students.