3180 candidates placed in March 2019 ICAI Campus placement program


Over 69 years ago, ICAI was established with about 1700 members and has grown to over 2.90 lakh members. ICAI and the profession have touched new heights and reached the unfathomed corners of the earth. Building blocks of the profession are being consolidated and empowered. Continuing with vigorous efforts towards exploring and making available ample opportunities for the members, the endeavor of ICAI has been to continuously strive to serve the members to the optimum. The USP of ICAI qualification has been an internationally benchmarked curriculum and exposition to practical training making the professionals groomed to the emerging needs of the job market.

ICAI is also facilitating the members by effective placement and exploring new avenues of employment by organizing campus interviews for newly qualified Chartered Accountants seeking employment through ICAI. Institute also provides sector specific assistance in improvement of skills of Members, consider their problems and issues pertaining to the career planning and other related matters. In that endeavor, the Institute has been providing an employment opportunity to the newly qualified Chartered Accountants through Campus placement process that began in 1995 and during the years - 2006 to 2018, nearly 30,000 Chartered Accountants secured entry in the industry.

The 49th Campus Placement Programme for the newly qualified Chartered Accountants was organised by the Institute during February-March 2019 at 17 centres across the nation. A comparative of the Offers made during the last 3 Campus placement drives is mentioned below.


Campus placement Programme

Feb-Mar, 2019

Feb-Mar, 2018

Feb-Mar, 2017

Number of Candidates Registered

9011

6029

4261

No. of candidates finally appeared for the interview

6646

3442

3398

Number of Jobs Offered by the participating companies

3815

1473

1273

Number of Jobs Accepted by the candidates

3180

1368

1211

Highest salary (cost to company) offered for domestic posting

INR 22.50 Lac (Per Annum)

INR 22.30 Lac (Per Annum)

INR 21.00 Lac (Per

Annum)

Highest salary (cost to company) offered for International

posting

INR 36.00 Lac (per annum)

INR 18.50 Lac (per annum)

INR 43.00 Lac (per

annum)

Average salary (cost to company)

INR 7.43 Lakh (Per Annum)

INR 8.40 Lakh (Per Annum)

INR 8.48 Lakh (Per

Annum)

Percentage of placement (job offered/ candidates appeared)

57.40%

42.79%

37.46%

A few companies that participated along with some new companies that came in as first-time recruiters

139 (29 New Company)

130 (28 New Company)

118 (31 New Company)

Any other trend that the Institute saw in the current placements

Huge demand in Banking Sector


Grouping of Salary Structure (February-March, 2019)


Salary Range (per annum)

Number of Candidates*

Rs. 9,00,000 and above

730

Rs. 7,50,000 to Rs. 9,00,000

1748

Rs. 6,00,000 to Rs. 7,50,000

558

Rs. 5,00,000 to Rs. 6,00,000

128

Rs. 4,50,000 to Rs. 5,00,000

16

Total

3180


Grouping of Salary Structure (February-March, 2018)


Salary Range (per annum)

Number of Candidates*

Rs. 9,00,000 and above

524

Rs. 7,50,000 to Rs. 9,00,000

173

Rs. 6,00,000 to Rs. 7,50,000

476

Rs. 5,00,000 to Rs. 6,00,000

153

Rs. 4,50,000 to Rs. 5,00,000

39

Below Rs. 4,50,000

3

Total

1368


Grouping of Salary Structure (February-March, 2017)


Salary Range (per annum)

Number of Candidates*

Rs. 9,00,000 and above

351

Rs. 7,50,000 to Rs. 9,00,000

319

Rs. 6,00,000 to Rs. 7,50,000

423

Rs. 5,00,000 to Rs. 6,00,000

86

Rs. 4,00,000 to Rs. 5,00,000

30

Below Rs. 4,00,000

2

Total

1211


* The figures represent the offer accepted by the Candidates.

CA. Prafulla P. Chahjed, President, ICAI said 'This placement programme has attracted the highest ever participation from recruiters offering highest number of positions since the inception of the Institute. Education and training at ICAI will ensure that its newly-qualified Chartered Accountant professionals have the critical rudimentary sense equipped with a sceptical approach.'

With a growing economy, the demand for qualified Chartered Accountants is growing dynamically across all sectors. As the custodian of the profession, ICAI has always remained committed to the highest standards of education and to promote ethical accounting practices.


Posted :
on 06 May 2019
 
Published in Students
Source : ,
Views : 2074

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