May 3, 2019

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 bench marked 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.

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