The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its nearly six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the whole world.
The Institute through its Committee for Members in Industry (CMII) organizes campus placement programme for the benefit of newly qualified chartered accountants twice every year. The CMII provides opportunity to the employers to interact with newly qualified Chartered Accountants and makes all arrangements at its centres, thereby providing a cost effective mode of recruiting newly qualified Chartered Accountants. Organisation and firms of Chartered Accountants can participate in one or more centres.
The placement programme was successfully conducted in the months of August-September, 2010. The programme was organized in 16 cities across the country and got concluded on September 25, 2010. It was organized in different phases in Ahmedabad, Bangalore, Bhubaneswar, Chennai, Coimbatore, Ernakulam, Hyderabad, Indore, Jaipur, Kanpur, Kolkata, Ludhiana, Mumbai, Nagpur, New Delhi and Pune
In all 155 interview teams representing 87 companies participated in the programme seeking chartered accountants for jobs. Overwhelming response was received from all the centres. The entities selected Chartered Accountants and made lucrative offers. More than 1300 candidates got job offers.
Prominent organizations from diverse array of industries like Manufacturing organizations, Public Sector Undertakings, Banks, Software, Consultancy, financial services, etc. participated in this mega event. There was heterogeneous mix of recruiting entities both from India and abroad representing wide range of industries and sectors .
The best offer of Rs. 21 lacs per annum was made by Tolaram Corporation Pvt. Ltd. to 3 candidates for international posting. For a domestic posting best offer of Rs. 15 lacs per annum was made by Abhishek Industries. Organisations such as Britania, ITC and Bharat Petroleum Corpoartion Ltd. have offered the salary of more than Rs. 10 lacs per annum to newly qualified Chartered Accountants. The responses given by the entities willing to participate at these centres for recruitments has been very encouraging. The minimum salary that was offered was Rs. 3.25 lacs per annum.
The growing popularity and success of the institution is drawing more and more students across the country and the big companies for the placement programme. Candidates are very satisfied with the placement programme. The future of the profession envisages the amalgamation of the present knowledge economy and the expectations of the stakeholders. The ICAI is striving to develop its professionals to aquire skill sets as required by the emerging economy.