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Job Oppurtunities for CAs

Posted by  in May 4th   

Here’s news for aspiring Chartered Accountants (CAs), not least because salaries being paid to CAs are shooting through the roof. An estimate worked out by the Institute of Chartered Accountants of India (ICAI) has underscored a marked increase over last year on multiple fronts – the overall pass percentage at the final level, the number of students getting absorbed, the turnout of new-generation companies at campus interviews and the like.

Over 1,100 candidates were taken in by nearly 100 companies during campus interviews conducted in February and March, said Mr T.N. Manoharan, President of ICAI, adding that the highest salary offered was Rs 12 lakh per annum. Infact, i see our juniors getting a starting salary of more than thirty thousand per month whereas in our times it used to be not more than 15-20 thousand.

It has been observed that the pass percentage has also gone up considerably from 2-3 % to 15-20 %. The Insitute has opined that in a single group the pass percentage is as high as 30%.

One of my neighbour, a young fresher CA told me that the top recruiters during the February/March campus interviews were Progeon, Gecis, Tata Consultancy, and Reliance Industries.

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3 Comments

CA Sumit Garg Said,
May 4th, 2006 @7:33 pm  

yes Madhukar,
i am also aware of the fact that now ICAI has increased the result %. its really ggod. But i know two of my students who does not deserve to pass, they were able to get marks in 60′s. Institute should take care of the same. what r ur comments ?

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Dennis Howlett Said,
May 5th, 2006 @1:53 pm  

Madhur:
It’s great to see salaries rising for students but when I look at this from a Western perspective, it looks like a pittance. The amount beng offered is the equivalent of 40% of the UK’s national minimum wage rate per hour.

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Madhur Said,
May 6th, 2006 @10:50 am  

Dear Dennis:

What you say if perfectly right. The salaries in India can probably never come in sync with wht is prevalent in the west but whats positive is that now atleast people are getting more than what they used to get earlier. Moreover, in the west, the salaries are high due to rigis social security norms (this is what i think) and high cost of living.

Whereas in India, though the social security norms are there but the employers exploit the employees by using the COST TO COMPANY concept in which even the employers share of the social security cost is paid out of the employee’s pocket. There are some companies who deduct some small amount of the employees salaries each month and pay the same as bonus, gratuity, leave enchashment etc. Most of the employers (barring just a few) here try to exploit the workforce and they are suceeding in doing so due to high and abundant labour force.

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