The Institute of Chartered and Works Accountants of India (ICWAI) southern region saw salary remaining at the same levels as last year, despite an economic recovery. Out of the 450 candidates who appeared for the campus placement, only 100 were selected.
“The minimum salary offered was Rs 2.5 lakh per annum and the maximum salary offered was Rs 7.5 lakh. This was same as last year, Raju Iyer, chairman of Coaching Committee of ICWA, said. He also noted that Ashok Leyland, which was supposed to participate in the placement, had postponed its plans and would be taking part in the next one month along with Head Hunters, an HR consultancy firm, and 40 more vacancies are likely to come up.
Some of the notable recruiters were Saint Gobain, Ford Business Services, Wipro BPO, Lucas TVS, TAFE, Amaraja Batteries, Bharat Electornics and TVS Electronics. In the eighth edition of the campus placement, about 300 candidates had appeared for the campus placement and 188 candidates were given job offers and about nine companies participated.
Iyer noted that the focus of the campus placement was on the manufacturing companies where the demand for cost accountants are more and that’s why there was no participation from investment banks which demand chartered accountants.