ICAI Campus Placement Analysis

ICAI Campus Placement Analysis 

ICAI Campus Placement Analysis : The Committee for Professional Accountants in Business & Industry (CPABI) of ICAI has since long been organizing Campus Placement Programmes for Newly Qualified Chartered Accountants twice in a year and is committed to provide world class placement services to those talents in various corporations and business houses.

Download report on ICAI Campus Placement Analysis by clicking on the image below:

ICAI Campus Placement Analysis

Snapshot of the Campus Placement Programme held in February-March, 2016 stood as follows:

C.A. – Person of Substance

In a dynamic and challenging business environment, the Chartered Accountants are looked upon as Complete Business Solution Providers. They are thoroughly trained practically in all avenues of Finance and Accounting. They can undertake responsibilities ranging from carrying out feasibility study, raising financial resources, compliance with regulatory framework, capital structure and planning, organizational development, installation of efficient accounting, budgetary control, information system apart from giving advice on complex issues such as joint ventures, foreign collaborations, amalgamation, merger, diversification, modernization, product pricing, BPO, restructuring etc.

Are you looking for a complete Business Solution Provider ?

If yes, we are happy to inform you that the next Campus Interview for newly qualified Chartered Accountants is scheduled in February-March, 2017 at 22 centres in India, viz; Ahmedabad, Bangalore, Baroda, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Ernakulam, Hyderabad, Indore, Jaipur, Kanpur, Kolkata, Mumbai, Navi Mumbai, New Delhi, Pune & Thane.

Objective

Campus interview for Newly Qualified Chartered Accountants is organised by the Institute at various centres. This scheme has been evolved to provide an opportunity both to employing organisations as well as the young professional aspirants to meet and explore the possibility of taking up positions in Industry. The employing organisations get an opportunity to review bio-data of thousands of candidates for all the centres.

About Campus Interviews to recruit Newly Qualified Chartered Accountant

The Committee for Professional Accountants in Business & Industry (CPABI) of The Institute of Chartered Accountants of India (ICAI) takes care of the interest of the members working in industry and organizes Campus Placement Programmes for Chartered Accountants. The CPABI is pleased to announce the next Campus Placement Programme for Newly Qualified Chartered Accountants during February-March, 2017. This programme would provide an opportunity to the employers to interact with newly qualified Chartered Accountants, peruse their particulars and recruit the suitable ones in their organizations. An organisation and firms of Chartered Accountants may participate at one or more centres and recruit Chartered Accountants.

The schedule for Campus Interview February-March, 2017

Starting and Closing Date for filling up initial details for validation of data of candidates: 9^th January, 2017 to 17^th January, 2017

For Candidate who have qualified in (i) May 2016 (ii) Nov 2015 or (iii) whose results were declared in revaluation/re verification after 11^th August, 2016 and all covered in (i) and (ii) completing their articleship and GMCS between 1^st November, 2016 and 30^th April, 2017 http://placement.icai.org/article.asp

Smaller centres: Baroda, Bhubaneswar, Chandigarh, Coimbatore, Durgapur, Ernakulum, Indore, Kanpur, Ludhiana, Nagpur, Navi Mumbai, Thane & Vasai

Bigger centres: Ahmedabad, Bangalore, Chennai, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi and Pune.

1^st Round of registration of candidates (submission of form) for November, 2016 CA Final qualified (and others as mentioned above): 26^th January, 2017 to 2^nd February, 2017 (Upto 5:00 PM)http://placement.icai.org/new_cand.asp?typeofcandidate=F.

Last date of 2^nd round Registration of candidates for Bigger centres only (covered under S.No 4,5 & 6 in table given below): 20^th February, 2017 (Upto 05:00 PM).For the candidates who have missed the registration in First round and the candidates can opt only for bigger centre in the Second Round.

For the candidates who have missed the registration in First round and the candidates can opt only for bigger centre in the Second Round.

Submission and Updation of bigger centre choice: 25^th February – 26^th February, 2017 (Upto 05:00 PM).

The candidates who would opt for the smaller centre as first choice and bigger centre as their second choice would be mandatorily required to revalidate their form and Second Choice centre during 25^th February – 26^th February, 2017 (upto 5:00 P.M.) to receive their Centre Code for bigger centre(i.e DEL-etc,).

1. The candidates who would opt to appear at only One Bigger centre shall also be required mandatorily to update/revalidate the choice of centre during 25^th February – 26^th February, 2017 (Upto 5:00 P.M) to receive their Centre Code for bigger centre(i.e DEL-,) The same shall be mandatory for the inclusion of their database with the bigger centres. After the said period, no communication shall be entertained in this regard.

Campus Interview Schedule

Candidates opting for centres like smaller centres shall fill in their second choice Online from the Bigger centres on placement portal http://placement.icai.org during 25^th February – 26^th February, 2017 (Upto 5:00 P.M)

Opening of database for Companies at S No. 1 & 2 : 6^th February, 2017

Opening of database for Companies at S No. 3, 4, 5, 6, 7, 8 & 9 : 28^th February, 2017

* The process needs to be completed latest by 11:00 PM
# The process needs to be completed latest by 05:00 PM

Important FAQ in ICAI Campus placement 

1. Only candidates who have cleared both groups of CA Final and will complete their GMCS are allowed to appear for the Campus Placements.
2. A Non Refundable Fees of Rs. 250 would be required to be paid by all candidates who are interested in appearing for the campus placements.
3. A Candidate can appear for Interviews in only 4 organisations irrespective of the fact that he/she is shortlisted by several organisations.
4. If a candidate is able to clear all rounds of Interviews and the Offer Letter is awarded and accepted by him, then he would not be allowed to appear for any other campus interview.

Recommended Read : ICAI Campus Placement Online Registration Procedure

ICAI Campus placement Salary package – 2016

ICAI Campus Interview for CA Qualified were recently conducted across various centres in India. On an average, Rank Holders in CA Final were offered Rs.11 Lakhs Salary. Students who cleared both groups in single attempt were offered Rs.8 Lakhs average Salary. Students who took more then one attempt to clear CA Final got Packages on an average of Rs.6.5 Lakhs.

Non Ranker Gets Highest Salary with just 404 Marks:

Ashutosh Agarwal from Jaipur was offered 76 Lakh Salary in CA Campus Interview. He is not a Ranker or a Topper. He Scored 404 Marks for 800 in CA final exams.

This proves the concept of  ‘Substance over Form’.

In 2015, Ms.Pallavi was offered Rs.58 Lakh Salary. She cleared CA IPCC only in her second attempt and passed CA Final without any Rank.

The reason for this high salary is Articleship exposure and Practical Knowledge.

In a huge response, nearly 100 organisations including public-sector undertakings and banks, with their 175 interview teams participated and made offers to a total of 1,279 newly qualified Chartered Accountants.

As many as 8,770 candidates have registered for these Campus Interview program.

Olam International Limited offered the highest salary for international posting, i.e. 76.32 (FOREX) lakh per annum and,

Arcesium India Private Ltd. offered the highest salary for domestic posting, i.e. 24.00 lakh per annum. ITC Ltd offered the next highest salary of Rs.21.00 Lakhs.

The Placement Program was conducted at 19 Centres across India and the following are the highlights of the same

1. Highest Chartered Accountant Salary package for International Posting was Rs. 30 Lakhs p.a. offered by Tolaram Group Industries to 8 Candidates at Bangalore & Kolkata Center.
2. Highest Chartered Accountant Salary for Domestic Posting was Rs. 21.50 Lakhs p.a. offered by Bharti Airtel to 2 Candidates at New Delhi Center.
3. Avg Chartered Accountant Salary offered was Rs. 7.20 Lakhs p.a. (CTC i.e. Cost to Company).
4. 90 entities comprising of CA Firms & Companies participated in the Campus Program with a total of 183 Interview Panels being formed.
5. Total 1370 Candidates were offered a Job in the Campus Placement organised by ICAI in the month of Feb-Mar 2015.

Recommended Read : CA Topper Salary Package

Chartered Accountants were 2 chances of appearing for the campus interviews – first in the bigger cities and if they were not successful in getting recruited at the bigger cities, then they were offered another chance to appear for Campus Placements in the smaller cities. ICAI had also organised an Orientation Program for grooming the soft-skills of all the Candidates.

All the Candidates were also provided e-learning opportunity on 2 topics namely Business Etiquette – Gaining that Extra Edge and Mastering the Interview.

In its endeavor to provide quality Accounting, Finance, Tax, Audit and Management Consultancy personnel to recruiting entities, the Committee has successfully organised one more round of Campus Placement Programme for the Newly Qualified Chartered Accountants at twenty one (6 bigger and 15 smaller) centres viz. Ahmedabad, Bangalore, Baroda, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Durgapur, Ernakulam, Hyderabad, Indore, Jaipur, Kanpur, Kolkata, Mumbai, Nagpur, Navi Mumbai, New Delhi, Pune, Thane and Vasai in February-March, 2016.

Salary offered in ICAI Campus placement feb, March 2016

Recommended Read :

The 42nd edition of the campus placement programme for the newly-qualified chartered accountants was organised at 19 centres across the country in two phases, where 7,358 candidates registered to avail themselves of placement facility. In the first phase, placement was conducted at 13 smaller centres where 296 offers were made to the candidates. In the second phase, the programme was conducted at 6 bigger centres, where 903 offers were made to the successful candidates. Altogether, I am happy to acknowledge that 87 organisations with their 163 interview teams participated, which included public-sector undertakings and banks. Trident Ltd. offered the highest salary, i.e. 21 lakh per annum, in this programme in Chandigarh and Indore.

I am happy to inform that the ICAI is also organizing an international placement through videoconference in December 2015 in six metro cities, i.e. Bangalore, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi.

Brief summary of the Campus Placement Programme – August-September, 2015:

Executive Summary

1. Highest salary offered for Domestic posting in the Campus Placement Programme is Rs. 21.00 lacs Per Annum (TCTC) offered by Trident Limited at Chandigarh & Indore centers to 9 candidates.
2. Average CTC offered is Rs 7.61 Lacs Per Annum.
3. 1231* jobs were offered to the candidates who had participated in Campus Placement Programme.
4. 88 organizations and 164 Interview Teams have participated during the Campus Placement Programme.

Salient features

1. Candidates were given two chances to meet the recruiting organisations via opting for two centers, first at smaller center and second (if the candidates has not been selected at smaller centers) at bigger centers.
2. The committee organised Orientation Programme for candidates so as to sharpen their soft skills and to provide them technical updates.

*Status as on 9^th December, 2015, 10:15 AM

Salary Range

ICAI Campus Placement Programme Aug. & Sept. 2015

Please Note – ICAI Campus Placement Programme Aug. & Sept. 2015 is Completed

The Committee for Members in Industry (CMII) of The Institute of Chartered Accountants of India (ICAI) takes care of the interest of the members who are in industry and organizes Campus Placement Programmes for Chartered Accountants. The CMII is pleased to announce the next Campus Placement Programme for Newly Qualified Chartered Accountants during August-September 2015.This programme would provide an opportunity to the employers to interact with newly qualified Chartered Accountants peruse their particulars and recruit the suitable one in their organizations. An organisation and firms of Chartered Accountants may participate at one or more centres and recruit Chartered Accountants.

Advantages of Participating in the Campus Placement Programme of CMII of ICAI

1. a) The CMII of ICAI organizes Campus Placement Programmes at 22 centres across the country in a corporate environment and the pre process of interview is highly technologically driven through placement portal http://placement.icai.org.
2. b) It is a One Stop solution for the recruiters to recruit the Chartered Accountants for their organisations and carries the advantage of being a unitary platform for the recruitment of the young Chartered Accountants.
3. c) It is a Cost effective mode with significantly shorter recruitment cycles, for the corporates for recruiting young Chartered Accountants together with an improved quality of recruitment process.
4. d) Another advantage of Campus Placement is that, after the declaration of results, ICAI holds the Campus Placement Programme which reduces the time for an organisation to pick the candidates according to their need.
5. e) The arrangements for the conduct of the entire process at all the centres are made by CMII of ICAI.

Eligibility for appearing in Campus Placement Programme to be held in August-September, 2015.

The candidates who fulfil the following criteria are eligible to appear in the Campus Placement Programme to be held in August-September, 2015: 

*While attending the Orientation Programme/Campus Interviews candidates should either carry the relevant proof of applying for the membership of the Institute or should submit a written declaration that they would apply for the membership by dates as mentioned above.

# In the cases where the candidates clearing their CA. Final Examination in May 2015 and have completed their Articleship and GMCS by 31^st October 2015 but have not attained the age of 21 years shall be eligible to participate in the Campus Placement Programme August-September 2015 only on providing an undertaking that they shall be obtaining the Membership of the Institute immediately

ICAI Campus Placement March 2015 & Salary of CA’s

Report on Campus Placement Programme – February-March, 2015*

The Committee for Members in Industry (CMII) of ICAI organizes Campus Placement Programmes for Newly Qualified Chartered Accountants twice in a year and is committed to provide world class placement services to the Members and best accounting and finance talents to the industry.

In its endeavor to provide quality Accounting, Finance, Tax, Audit and Management Consultancy personnel to recruiting entities, the Committee has successfully organised one more round of Campus Placement Programme for Newly Qualified Chartered Accountants at nineteen centres viz. Ahmedabad, Bangalore, Baroda, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Ernakulam, Hyderabad, Indore, Jaipur, Kolkata, Mumbai, Nagpur, Navi Mumbai, New Delhi, Pune, Thane & Vasai in February-March, 2015.

Brief summary of the Campus Placement Programme – February-March, 2015:

Executive Summary

1. Highest salary offered for Domestic posting in the Campus Placement Programme is Rs. 21.50 lacs Per Annum offered by Bharti Airtel at New Delhi center to 2
2. Highest salary offered for International posting in the Campus Placement Programme is Rs. 30 Lacs per annum offered by Tolaram Group at Bengaluru & Kolkata center to 8 candidates.
3. Average CTC offered is Rs 7.20 Lacs Per Annum.
4. 1370* jobs were offered to the candidates who had participated in Campus Placement Programme.
5. 90 organizations and 183 Interview Teams have participated during the Campus Placement Programme.
6. Religare Finvest Limited had participated in the Second Round of Campus Interviews conducted in April 2015 at Bangalore centre (10 offered and 9 accepted) and at Mumbai centre (11 offered and 11 accepted).
7. Blue Dart Express Limited had participated in the Second Round of Campus Interviews conducted in May 2015 at Mumbai centre (5 offered and 5 accepted).

*Status as on 12^th May, 2015, 10:30 AM

Salary Range

Brief Synopsis of the Chartered Accountant Salary being awarded in the Campus Program

Synopsis of Chartered Accountant Salary

For detailed information read ICAI Campus placement report – 2016

ICAI Campus placement companies list

List of companies who are participated in ICAI Campus placement .

• ITC
• Hindustan Unilever Ltd
• Alghanim Industries
• Tata Consultancy Services Ltd
• Wipro Ltd
• Madura Fashion
• Life Style
• Marriott Hotels India.

CA Placements Analysis – Past 5 years

ICAI Campus placement Summary

• No. of students registering for the campus placements has more than doubled in the last  5 years. (See Chart 1)

• No. of jobs offered has been same despite of increase in the students registering for the campus placements. Same is the case with the companies participating in placements.

• No. of students getting 9 lakh + jobs has increased consistently and average salary has increased from 6 to 7 lakhs. (See Chart 2)

• No. of students passing CA Examination (Both groups and individual groups) has increased by more than 3 times in the last 5 years. (See Chart 3)

• Point 1 and Point 4 brings us to the conclusion that no. of students registering for campus placements (from the no. passing in each attempt) has decreased a lot, which should be due to lot of people going for out of campus placements. See more on this below chart 1

Questions

• Why is the no. of companies and no. of jobs offered in campus placements not increasing despite of students being able to bag a job out of campus with their on efforts?

• Why has the no. of students registering for campus placements decreased? Are students finding campus placements not worth their time and applying for jobs themselves?

• Is placement performance in any way linked with the increase in no. of students passing the CA examination?

 Chart 1

We can see synchronization between the no. of companies coming to the campus and no. of jobs offered. In Feb-Mar 2009 when no. of jobs offered was least at 508 jobs, no. of companies was 54 and when in Feb-Mar 2011 no. of jobs offered was 1,876, no. of companies was 111.

So any one can tell that higher the no. of companies higher would be the no. of jobs offered. This brings us to the questions that what is the reason that no. of companies coming to the campus is not increasing. There can only be two reasons for this:

• Placement program needs more effort then at its current level

• Overall market situation is bad – This can not be the sole reason as people are able to get jobs out of campus with their own efforts.

No. of students registering for the campus placements took a huge jump in Aug-Sep 2011 with total 10,317 students registering for the event. This can be directly correlated with the no. of students passing the CA examination in chart 3.

• In Feb-Mar 2008 total no. of students passing the CA Final Examinations was – Both Groups (1023), 1st Group (2,289), IInd Group (2,777) and the no. of students who registered for campus placements was 3,781. Considering 50% of the individual group students becoming CA’s we can say participation rate from students was very high.

• In Feb-Mar 2013 total no. of students passing the CA Final Examination was – Both Groups (5,075), 1st Group (12,912), IInd Group (16325) and the no. of students who registered for campus placement was 7,262. Even considering 40% of the individual group students becoming CA’s, participation rate was half of what it was in Feb-Mar 2008.

Chart 2

No. of students getting 9 lakh + offers has increased from 70 in Feb-Mar 2008 to 141 in Feb-Mar 2013. This sure is a good sign towards the increasing value of CA students and corresponding to that average package has also increased from 6 lakhs to 7 lakhs.

Chart 3

ICAI Campus Placement

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