NEW DELHI: Demand for chartered accountants (CAs) is high despite the choppy economic conditions, with 624 new CAs receiving offers from companies across sectors, at better salaries than last year.
At the recently-concluded placement process at the Institute of Chartered Accountants of India (ICAI), three students received a job offer of Rs 24.64 lakh from Kuwait-based conglomerate Alghanim Industries, which is the highest offer for this year compared with last year's highest salary at Rs 16.70 lakh. The highest domestic salary has also gone up to Rs 16.5 lakh from last year's Rs 13.77 lakh.
"While growth in the economy has slowed down, India is still growing at around 5%, and a number of companies are looking to expand their operations," says Subodh Kumar Agrawal, president, ICAI.
Some 58 companies including ITCBSE -2.26 %, Hindustan UnileverBSE -2.01 %, Alghanim Industries, TCSBSE -0.21 %, WiproBSE 0.19 %, Madura Fashion and Life Style, Marriott Hotels recruited from ICAI, , a statutory body for regulation of chartered accountants in the country. The recruitment drive helped the institute better the average salary of its students to Rs 7.63 lakh this year from Rs 7 lakh last year.
Candidates got jobs from varied sectors — IT, ITeS, BFSI, oil & gas, telecom, mining, FMCG and agriculture, with the IT sector being the topmost recruiter.
At the recently-concluded placement process at the Institute of Chartered Accountants of India (ICAI), three students received a job offer of Rs 24.64 lakh from Kuwait-based conglomerate Alghanim Industries, which is the highest offer for this year compared with last year's highest salary at Rs 16.70 lakh. The highest domestic salary has also gone up to Rs 16.5 lakh from last year's Rs 13.77 lakh.
"While growth in the economy has slowed down, India is still growing at around 5%, and a number of companies are looking to expand their operations," says Subodh Kumar Agrawal, president, ICAI.
Some 58 companies including ITCBSE -2.26 %, Hindustan UnileverBSE -2.01 %, Alghanim Industries, TCSBSE -0.21 %, WiproBSE 0.19 %, Madura Fashion and Life Style, Marriott Hotels recruited from ICAI, , a statutory body for regulation of chartered accountants in the country. The recruitment drive helped the institute better the average salary of its students to Rs 7.63 lakh this year from Rs 7 lakh last year.
Candidates got jobs from varied sectors — IT, ITeS, BFSI, oil & gas, telecom, mining, FMCG and agriculture, with the IT sector being the topmost recruiter.
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