In my view, we being CA students...we tend 2 get a littrle biased towards CA (arguable)...but if we try 2 make an objective assessment then first we shuld realise that these 2 disciplines are not comparable...they are overwhelmingly different and have their own pros and cons...however if 1 wishes to draw comparisons then i suggest that 1 should have a look at the following data on placements at Jamnalal Bajaj Institute of Management Studies(1 of the most sought after Institutes in the country)..
| Final Placements '11 |
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The successful completion of the placement season for the batch of 2011 was a testimony to the continued faith reposed by the corporate world in JBIMS. The reputation of the institute is built on a 46 year old heritage of academic excellence; strengthened by connections with domestic and global corporate networks.
The batch of 2011 comprised of students from diverse backgrounds like Medicine, Engineering, Science, Commerce and Humanities. The batch had a healthy mix of freshers and of students with work experience of up to 5 years.
Keeping in sync with the excellent summer placements, this season started off on a very positive note. This is evident from the Pre-Placement Offers received by 24% of the batch. The list of recruiters burgeoned both in terms of number and diversity, in continuation with the trend of the last few years. More than 100 companies registered for placements this year and extended multiple offers to 111 students who had enrolled for the process.
The average salary this year stood at INR 15.54 lakhs, which is 21% higher than last year’s, while the highest domestic package offered is INR 26 lakhs by a leading Consulting firm.
| Sector | Company |
| BFSI and IB | Citibank, HSBC, Barclays Bank, Axis Bank, ICICI Bank, YES Bank, HDFC Bank, JP Morgan Chase, Nomura, ICICI Securities, Avista Advisory, India Infoline, Edelweiss Capital, Bloomberg, Crisil, ICRA, IDBI Capital, Indiabulls, Principal PNB, SBI Capital, Thomson Reuters |
| Consulting | McKinsey, Oliver Wyman, BTS (USA), Deloitte Consulting, PricewaterhouseCoopers, Capgemini, Bristlecone, MindTree Consulting, Nodwin Consulting |
| FMCG/Pharmaceuticals | HUL, P&G, GlaxoSmithKline Consumer Helathcare, Reckitt Benckiser, ITC, Dabur, PepsiCo, Castrol, Britannia, Givaudan, Johnson & Johnson, Pfizer, Ranbaxy, Titan, UB Group, AstraZeneca |
| Conglomerates | General Electric, Reliance Industries, Mahindra & Mahindra, Larsen & Toubro |
| Telecom / Media | Bharti Airtel, Vodafone, Idea Cellular, HT Media |
| IT / ITES | Accenture, TCS, Hewlett-Packard, HCL, Infosys, Wipro, Tally Solutions, Polaris, QAI Global |
| PSU / NGO | Reserve Bank of India, Bank of India, National Institute of Securities Markets, Teach for India |
International Placements
Companies such as BTS, Oliver Wyman, P&G, Bloomberg, Jumbo Electronics offered international profiles.
Placements at a glance:
| No. of registered companies | 103 |
| No. of participating companies | 83 |
| Total no. of students | 111 |
| Average salary offered (INR) | 15.54 lakhs |
| Highest Domestic salary offered (INR) | 26.00 lakhs |
src : https://www.jbims.edu/index.php?option=com_content&task=view&id=338&Itemid=99
the avg. pay is higher than the highest pay to a CA in the last campus placement programme (for domestic placements) which stood at INR 15 lacs..and avg at INR 6.75 lacs...this should settle the debate...
However on a concluding note i would like to say that we should be proud of our Profession and CAs deserve much more compensation for their services...what say...??
PEACE..
Regards,
Apoorva Shah
CAclubindia
