Its a very disturbing trend as a rank holder in CA final today showed me his offer letter from a leading MNC with annual CTC being as less as 4 lakhs. Another friend who cleared in his second attempt had earlier rejected an offer from a leading MNC based in India last week as they offfered only 3.5 lakhs. They are all CA freshers. Why is salary packages dropping for CA freshers? Even a year or two ago they were taken at 8 lakhs and 9 lakhs as freshers? Why this sudden drop, it cant be argued that skills differ from person to person. For CA freshers there cannot be too glaring a difference in their skill sets as they are all freshers.Request your opinions on this alarming trend and invite sugessions on how to cope with this
Menu
Why are salaries dropping for CAs of late ??
Replies (8)
i would say that its mainly due the increase in pass perentage/ Excess supply as compared to demand.
This decrease in salary started to happen from previous attempt /campus interview held in August- September2011, where lot of CA's cleared in first attempts are not even shortlisted. CMII of ICAI has not released the data of candidates participated and jobs offered in Aug-Sep 2011 campus till now..
This situation continues now also. As I have registered for this Current Campus placement, At present only 2 companies are participating in Coimbatore Centre.
@ Ram:
I am not so sure about the Ranker which u r talking of..
My ranker friends have received offers of Rs 12 lacs+ from Marico , Deutche Bank, BCG etc.
@ Senthil :
Same stuff with my Ahmedabad centre. TCS and Infosys coming , so is Evosys. So, it's IT power this time around. Tomorrow is the last date of shortlisting by Cos; and still NO FMCG HERE.
Which cos are coming to your centre?Could u name them?
aLSO see this link:
/forum/ca-placement12-share-names-of-cos-coming-2-ur-centre-189342.asp
@ sushanth:
For coimbatore centre HINDUSTAN COCO COLA P LTD & LIC HOUSING FINANCE LTD.
Guys, I am attaching a detailed list of Companies coming to various centres as available as on date. I must say the situation is very gloomy. Lets hope for the best.
https://jobsearch.naukri.com/job-listings-Fresh-Qualified-Chartered-Accountants-Aditya-Birla-Retail-Limited-Bengaluru-Bangalore-Chennai-Hyderabad-Secunderabad-Mumbai-Mumbai-Suburbs-Delhi-NCR-0-to-3-years-300112001548?xz=12_19_35&xo=&xp=43&xid=132931465597318500&qp=&id=&f=-300112001548
pls see above ad in naukri by aditya birla, they offer 350000 for ca freshers
This time, there is no ICICI Bank.
Maybe, CA freshers from prior batches irritated them a lot.
| Originally posted by : CA SENTHIL PRABHU | ||
 |
i would say that its mainly due the increase in pass perentage/ Excess supply as compared to demand. This decrease in salary started to happen from previous attempt /campus interview held in August- September2011, where lot of CA's cleared in first attempts are not even shortlisted. CMII of ICAI has not released the data of candidates participated and jobs offered in Aug-Sep 2011 campus till now.. This situation continues now also. As I have registered for this Current Campus placement, At present only 2 companies are participating in Coimbatore Centre. |
 |
/forum/shocking-video-from-ca-campus-placements-2012-sad-193183.asp
See the video also.
Recent Threads
- How to treat unutilised capital gain account schem
- What to do / how to handle about Capital receipt s
- How to show SGB interest in iTR
- How to file income tax return of ATM franchisee bu
- ITR Filing in case of deceased person
- Stuck with Schedule FSI in ITR 3
- Rental property gst claim genrator expense
- Gst on rental.
- TDS on Rent on joint property
- Cost of acquisition of a residential property acqu
Related Threads
CAclubindia
