Like engineering faculties are struggling to satisfy the position figures of previous years, the Institute of Chartered Accountants of India (ICAI) can also be going through a tough time to match up, and even improve, the common wage prior to now few campus placement cycles.
ICAI’s campus placement programmes are held twice a yr. These placements function a bridge between Newly Certified Chartered Accountants (NQCAs) and organisations looking for high expertise to satisfy their human useful resource wants.
The institute just lately carried out the sixtieth campus placement programme for Chartered Accountants (CAs) who handed the Could 2024 examination. After a hiatus brought on by Covid, this time, the programme was carried out in bodily mode throughout 9 main centres: Ahmedabad, Bengaluru, Chennai, Hyderabad, Jaipur, Kolkata, Mumbai, Delhi, and Pune, together with 20 smaller centres nationwide.
Placement statistics
This yr, the variety of organisations that took half in ICAI’s campus placement reached its highest to 241, which was a rise from 140 within the 59th course of and 169 in 58th placement spherical. With the rise within the variety of collaborating organisations, the variety of affords additionally elevated from 3395 in 58th to 3002 in 59th and at last to 4,782 within the current course of. Of those, 3,705 job affords have been accepted by the brand new CAs this yr.
The common wage provided has seen a slight improve as in comparison with the 58th course of, however has decreased when in comparison with the final placement cycle. The common wage elevated from Rs 12.32 lakh every year in 58th to Rs 13.24 lakh every year in 59th, however decreased to Rs 12.49 lakh every year this time.
An analogous development was noticed within the highest wage provided (home), because it elevated from Rs 23.70 lakh every year in 58th to Rs 29 lakh within the final placement cycle, however has once more dipped to Rs 26.70 lakh every year this time.
Protecting in thoughts the lower within the variety of affords that a number of different institutes have been registering after Covid-19, ICAI needed to make sure that the brand new CAs are skill-ready for the recruiters, even on this powerful market. Due to this fact, ICAI organised a two-day orientation programme to organize candidates for interviews, specializing in key themes corresponding to business developments, communication abilities, fintech, AI, and extra. This orientation recorded the best variety of members ever, ICAI claims. Business leaders supplied mentorship and mock interviews to assist candidates confidently navigate their profession paths.
This yr’s abroad campus placements are scheduled on January 24 and 25.
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