What is ICAI placements trends?

Placements in 2019 witnessed the highest participation of organisations since the inception of the ICAI institute. This positive trend only shows the trust of these organizations on the training and evaluation of the ICAI of their newly qualified Chartered Accountants.

Chartered Accountants (CA) are considered as complete business solution providers in the present business environment. These professionals are thoroughly training practically in all domains of finance and accounting. The Institute of Chartered Accountants of India (ICAI) offers placement opportunities for the young aspirants and experienced CA professional to explore the existing and new opportunities in the industry.

ICAI organises the placement programme for the CAs that attracts the highest participation from the leading recruiters offering a huge number of job opportunities. According to President of ICAI Prafulla P Chahjed, the demand for Chartered Accountants is growing dynamically amidst all sectors of the industry and ICAI stands committed to rendering the highest standards of education to help its candidate meet the industry demands and inculcated in them the most wanted ethical accounting practices.

Important Dates for ICAI Placements

The Committee of the Members in Industry and Business of the ICAI has announced that its placements will occur in the months of September and October for the year 2019. The campus placement program of the ICAI is held twice yearly and stands as a platform for the newly qualified CAs to find prospective jobs with the leading recruiters in the industry.

The placement programme will be conducted in the month of September for placements in the cities of Chennai, Pune, Mumbai, New Delhi, Kolkata, Bengaluru, Ahmedabad, Jaipur, and Hyderabad. The placement programme for the cities of Bhubaneshwar, Ernakulam, Coimbatore, Chandigarh, Indore, and Kanpur will happen in the month of October 2019.

Top Recruiters for the year 2019 at ICAI

Some of the leading firms that will be active participants in the placement drive 2019 at the ICAI are:

In the February-March 2019 placements, the participating companies offered jobs for about 3,815 students of which 3180 candidates accepted the offer. The highest CTC that was offered at the domestic placements was Rs. 22.50 LPA and for international job offers, the highest salary proposed was Rs. 36 LPA.  The average placement salary was Rs. 7.4 LPA

Placements Trends at ICAI over the past three years

ICAI has over three lakh members and this profession has touched new heights since its inception before 69 years. The institute facilitates its newly certified members with effective placement options and helps them to explore new avenues twice a year. Though the Chartered Accountants struggle a lot in clearing the different levels of the examination and the practical training, they need not struggle at all in finding jobs. They are always in high demand and get prospective jobs in leading organisations even if they clear the examination in their second or third attempt. The placement trends of the Chartered Accountancy candidates over the past three years has been discussed here.

Placement Trends and Salary Structure

From the placement trends of CAs in the past three years, we can say that there were about 29 new companies that participated in the placement drive from a total of 139 companies that participated. It can also be seen that there is a huge demand in the banking sector for the Chartered Accountants in the 2019 placements.

About 730 candidates were offered a salary range of Rs 19 LPA and above per annum. A good majority of the participants, about 1748 of them were offered a CTC of Rs 17.5-19 LPA. About 558 candidates were offered a compensation of Rs 16-17.5 LPA. A number of candidates were placed in international organisations as well.

The President of ICAI said that the placement drive has attracted a huge volume of recruiters from all over the country and abroad and the 2019 placements witnessed the highest participation of organizations since the inception of the ICAI institute. This positive trend only shows the trust of these organisations on the training and evaluation of the ICAI of their newly qualified Chartered Accountants. ICAI as a custodian of this profession always stands committed to the highest standards of education and training so as to promote and maintain the most ethical accounting practices.

Organizations are forced to survive in a challenging business environment and Chartered Accountants are always looked upon as saviours of these organisation as they safeguard their core business operations. ICAI ensures that its registered candidates are thoroughly trained in all avenues of accounting and finance both theoretically and practically to help them take responsible positions in the industry. It also provides an opportunity for them to get placed in the best jobs with attractive salary.