ICAI clarified that a recent newspaper article misrepresented the CA profession and reaffirmed strong demand, salaries, and career prospects for Chartered Accountants.
Vanshika verma | May 1, 2026 |
CA Course Not Worth It? ICAI Responds With Placement Data and Salary Figures
The Institute of Chartered Accountants of India (ICAI) has recently issued a letter to the editor of a well-known Indian Hindi-Rajasthani-language daily newspaper, “Rajasthan Patrika”, regarding publishing the clarification news item.
“The article published on 24th April 2026 with the headline ‘अब डिग्री के साथ बढ़ रहा खर्च…सपनो की चमक हो रही फीकी’ has made some statements about the CA profession which are misleading,” ICAI said.
This included statements explaining that the return on investment (ROI) for CAs is weakening, the starting salaries are limited to Rs 3 to 5 lakh per year despite the effort required, and a graph showing slow salary growth.
ICAI has stated that the article does not show the true reality of the CA profession. ICAI clarified that Chartered Accountancy is a very high-demand profession in India as well as abroad.
ICAI also observed that with the growth of technology and AI, the role of CAs is evolving further, combining financial expertise with digital skills.
On the financial aspect, ICAI stated that newly qualified CAs working in industry generally earn average salaries of around Rs 12-13 lakh per year. In top cases, domestic salary packages can exceed Rs 36 lakh, while international offers may go more than Rs 50 lakh. It also mentioned that during campus placements in 2025, over 10,000 CAs were placed with high packages.
ICAI also said that the overall cost of the CA course is comparatively low at about Rs 80,000, and most of it is offset by stipends earned during the compulsory articleship training. It said that scholarships and fee waivers further reduce the financial burden on students.
ICAI requested the media to first verify facts with the institute in the future before publishing reports related to the CA profession, to ensure accuracy and avoid misunderstandings among students and stakeholders.
Lastly, ICAI requested the newspaper to publish a clarification or follow-up report to correct the impression created by the earlier article.
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