Campus placements for CAs on the rise

Posted On: 20/12/2014 Updated On:

At a time when placements at premier engineering and management institutes such as IIT and IIMs are scaling new heights, the highest salary for chartered accountants posted a marginal increase to 24 lakh for an international posting.

However, the highest salary offered for a domestic posting in the campus placements of Institute of Chartered Accountants of India (ICAI) was 17 lakh, a drop from the 21 lakh recorded during the previous placement season in March.

ITC offered the highest domestic salary while Alghanim Industries offered the highest salary for international posting. A total of 952 chartered accountants (CAs) landed jobs, recording a 40% increase over March. The total number of CAs who sat for placements was not revealed. The average salary levels for CAs at campus placement have remained stable at nearly 7 lakh a year for the past two years. In all, 86 companies, including TCS, Federal bank, ITC, Cairn and Barclays, visited the campus this time as against 80 in March.

"Chartered Accountants today are technically equipped to act as management consultants and play a vital role in assisting business and industry to improve the use of their resources, increase their efficiency and achieve their objectives. The breadth of management advisory services rendered reflect their expertise in diverse areas," K Raghu, president of ICAI, said in a statement.

While the accountants clearing the course have numerous paths to choose, the route to employment is either through placement programmes organized by ICAI or through off-campus placements. They also have the option to obtain a Certificate of Practice (COP) and practice on their own.

Ashok Reddy, managing director and co-founder of TeamLease, a staffing firm, said, "The CA profession is such that, the pick-up in salary levels is much faster than other professional courses. Their value increases with the experience they gain," he said.

HR practitioners say that finance being a crucial department in all business entities, CAs have numerous sectors including banking, financial services, manufacturing, IT, telecom and infrastructure open to them. The ICAI organizes campus placement for the qualified CAs twice in a year.

The candidates are given two chances to meet the companies by opting for two centers.
The candidates, who opt for smaller centers as their first choice and fail to land a job, can take a second shot at placements by registering for bigger centers which are Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi.

More News

These engineering branches dominate IIT BTech students’ choices

Like previous years, the most popular courses at the 23 Indian Institute of Technology (IITs) are Computer Science and Engineering, Mechanical Engineering, Electrical Engineering, and Civil Engineering. As per the data shared by the Joint Admission B...

Posted On: 05/10/2024

IGNOU December 2024 TEE assignment submission deadline extended

The Indira Gandhi National Open University (IGNOU) has extended the assignment submission deadline till October 31. The extension is given for all kinds of courses, ODL, online programmes, GOAL, and EVBB for December 2024 tern-end examination (TEE). ...

Posted On: 05/10/2024

UGC NET June 2024 candidates left in lurch as result date not announced yet

It’s been a month since the University Grants Commission–National Eligibility Test (UGC–NET) was held, however, there is no information by the authorities on the result declaration date. The provisional answer key is already out. UG...

Posted On: 04/10/2024

NMC issues notification for inclusion of new PG medical qualification

Medical colleges intending to start a new postgraduate (PG) medical course like MD/MS, DM/MCh, PDF, PDCC or six-year DM/MCh will have to seek guidance from the PG Medical Education Board (PGMEB) for starting the new course. Only after the receipt of ...

Posted On: 04/10/2024

TS LAWCET 2024 Counselling: When and where to check phase 2 seat allotment results

TS LAWCET Counselling 2024: The Telangana State Council of Higher Education (TSCHE) will release the seat allotment for phase 2 counselling at its official website. Students who participated and registered for round 2 to seek admission to three-...

Posted On: 03/10/2024

Maharashtra NEET PG 2024 Counselling: Last day to register for round 1 at medical2024.mahacet.org at

Maharashtra NEET PG 2024: The Common Entrance Test Cell, Maharashtra will today end the round 1 counselling registration. Students who have still not registered on the portal are advised to do so today before 11:59 pm at medical2024.mahacet.org....

Posted On: 03/10/2024

Kerala launches new entrance training programme to benefit over 8 lakh students

The state-run Kerala Infrastructure and Technology for Education (KITE) has launched an ambitious initiative to provide support and guidance to over 8 lakh students from public schools as they prepare for various undergraduate entrance examinations...

Posted On: 01/10/2024

UCEED 2025: IIT-Bombay releases exam schedule, registration to begin today

UCEED 2025: The Indian Institute of Technology, Bombay (IIT-B) will start the Undergraduate Common Entrance Exam for Design (UCEED) 2025 registration today at its official website— uceed.iitb.ac.in at 1 pm. The examination for UCEED is sch...

Posted On: 01/10/2024

Karnataka PGCET 2024 results declared at cetonline.karnataka.gov.in

Karnataka PGCET 2024 Results: The Karnataka Examination Authority (KEA) today released the results for the Karnataka Post Graduate Common Entrance Test (PGCET) 2024 for MBA, MCA, ME, MTech, and MArch programmes. Candidates who appeared for the e...

Posted On: 30/09/2024

NEET PG 2024 Counselling: Supreme Court hearing likely on October 4

The Supreme Court will now hear the plea related to NEET PG likely on October 4. A plea has been filed by a group of NEET PG aspirants challenging the exam’s pattern set by the National Board of Education for Medical Sciences (NBEMS). The plea...

Posted On: 30/09/2024

View all