Over 3815 Jobs were Offered during ICAI 49th Campus Placement Programme

Deepak Gupta | May 4, 2019 |

Over 3815 Jobs were Offered during ICAI 49th Campus Placement Programme

Over 3815 Jobs were Offered during ICAI 49th Campus Placement Programme
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 benchmarked 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.

Over 3815 Jobs were Offered during ICAI 49th Campus Placement Programme

Campus placement ProgrammeFeb-Mar, 2019Feb-Mar, 2018Feb-Mar, 2017
Number of Candidates Registered901160294261
No. of candidates finally appeared for the interview664634423398
Number of Jobs Offered by the participating companies381514731273
Number of Jobs Accepted by the candidates318013681211
Highest salary (cost to company) offered for domestic postingINR 22.50 Lac (Per Annum)INR 22.30 Lac (Per Annum)INR 21.00 Lac (Per
Highest salary (cost to company) offered for International PostingINR 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 recruiters139 (29 New Company)130 (28 New Company)118 (31 New Company)
Any other trend that the Institute saw in the current PlacementsHuge demand in Banking Sector
Grouping of Salary Structure (Feb-Mar, 2019)
Salary Range (per annum)Number of Candidates*
Rs. 9,00,000 and above730
Rs. 7,50,000 to Rs. 9,00,0001748
Rs. 6,00,000 to Rs. 7,50,000558
Rs. 5,00,000 to Rs. 6,00,000128
Rs. 4,50,000 to Rs. 5,00,00016
Total3180

Grouping of Salary Structure (February-March, 2018)

Salary Range (per annum)Number of Candidates*
Rs. 9,00,000 and above524
Rs. 7,50,000 to Rs. 9,00,000173
Rs. 6,00,000 to Rs. 7,50,000476
Rs. 5,00,000 to Rs. 6,00,000153
Rs. 4,50,000 to Rs. 5,00,00039
Below Rs. 4,50,0003
Total1368

Grouping of Salary Structure (February-March, 2017)

Salary Range (per annum)Number of Candidates*
Rs. 9,00,000 and above351
Rs. 7,50,000 to Rs. 9,00,000319
Rs. 6,00,000 to Rs. 7,50,000423
Rs. 5,00,000 to Rs. 6,00,00086
Rs. 4,00,000 to Rs. 5,00,00030
Below Rs. 4,00,0002
Total1211

* The figures represent the offer accepted by the Candidates.
1.) 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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