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May 26, 2019 Sunday 08:25:23 AM IST

Chartered Accountants: ICAI Placement Programme Helps 3180 Candidates Get Jobs

The Institute of Chartered Accountants of India (ICAI) has reported that it was successful in securing jobs for 3180 candidates as part of the 49th Campus Placement programme of the institute held in February and March. Out of the 9011 candidates who registered for the placement drive, 3815 were offered jobs. The highest offer (cost to company or CTC) for a domestic posting was Rs 22.50 lakh per annum while for international posting it was Rs 36 lakh per annum.

The percentage of placement was 57.40% and the average salary offered was Rs 7.43 lakh per annum. Huge demand was seen in banking sector and opportunities thrown up by the implementation of GST.
CA Prafulla P Chahjed, President of ICAI has said that the placement programme attracted the highest ever participation from recruiters. Last year, the number of candidates who were offered jobs were 1473 while in 2017 it was 1211.
The ICAI was established 69 years ago under an Act of Parliament and its membership has grown from 1700 members to over 2.90 lakh members now. The campus recruitment drive was started in 1995 and so far 30,000 CAs have been recruited by industry.