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ICAI Campus Placement Programme Report 2011-2018

Analysis of ICAI Campus Placement report for Newly Qualified Chartered Accountants organised. Interview, companies, Salary and CTC 2011-2018.

Recently, we have looked into the result of ICAI campus placement organised in the month of Feb-Mar 2018. Today, we shall analyse ICAI campus placements 2011-2018. As on 26th April 2016, there were total 2,53,489 Chartered Accountants (CAs) including 1,71,414 Associate CAs and 82,075 Fellow CAs. Out of total members of ICAI 1,32,389 members were in jobs and remaining 1,21,100 have Certificate of Practice (COP) i.e. in practice.

We know the value of Chartered Accountant as a complete business solution provider for an entity. The Institute of Chartered Accountants of India (ICAI) has provided an opportunity to both the corporates and newly qualified Chartered Accountants to interact with each other through Campus Placement Programmes. The Campus Placement Programmes are held twice in a year viz. February-March and August-September.

ICAI Campus Placement Report Analysis: 2011-2018

Will be updated soon…

Report on Campus Placement Programme: February-March 2016

Recently, the 43rd edition of Campus Placement programme was held during February-March 2016 across India. In this campus placement programme 102 companies participated and offered 1312 jobs to recruit Newly Qualified Chartered Accountants.

  • No. of Registered Candidates: 5961
  • No. of Shortlisted Candidates: 4837
  • No. of Companies Participated: 102
  • No. of Interview Teams: 184
  • No. of Jobs Offered: 1312
  • No. of Jobs Accepted: 1195
  • Highest salary offered for Domestic Posting: ₹21.00 Lakh (Per Annum)
  • Highest Salary offered for International Posting: ₹23.54 Lakh (Per Annum)
  • Average Salary (Cost to Company) offered: ₹7.84 Lakh (Per Annum)
  • Percentage of Jobs offered vis-à-vis shortlisted Candidates: 27.12%

Highest salary offered under the domestic posting was ₹21 Lakh per annum whereas under the international posting it was ₹23.54 Lakh per annum. Average CTC offered to the newly-qualified members of CA Institute is ₹7.90 Lakh per annum.

ICAI Campus Report

In February-March 2016 campus placement programme total 5961 newly qualified CAs were registered while only 4837 candidates were shortlisted. Out of 1312 job offered, only 1195 candidates have accepted the jobs.

Analysis of ICAI Campus Recruitment for the Year 2015

To provide quality Accounting, Audit, Finance, Tax and Management Consultancy personnel to recruiting organisations, the Committee for Professional Accountants in Business & Industry (CPABI) of ICAI has successfully organised another one year of Campus Placement Programmes for the Newly Qualified Chartered Accountants at various centres in India.

Report on ICAI Campus Placement Results for the Year 2015
Feb-March 2015
August-September 2015
Candidates Registered
5591
7358
Candidates Shortlisted
4524
5164
Organizations Participated
90
88
Jobs Offered
1371
1231
Jobs Accepted
1254
1147
Percentage of Jobs Accepted
vis-à-vis Registered Candidates
22%
16%

icai one year campus analysis

If we analyse the CA Campus results for the year 2015, only 9688 candidates were short listed out of total 12949 candidates registered for ICAI Campus Placement Programme. And out of those shortlisted candidates only 2602 candidates got the job offer by corporates and the Firm of Chartered Accountants.

Hence, 80% of registered candidates were not success in campus placement and therefore they had to search jobs off-campus i.e. they got the job out of CA Institute Campus placement programme. This is because once the candidates eligible to appear and appeared in the Campus Placement Programme would not be eligible for the next Campus Placement Programme.

Salary Range for Newly Qualified Chartered Accountants

Highest salary was offered by Alghanim Industries at New Delhi center to 3 candidates for International posting in the Campus Placement Programme held in August-September 2013 ₹24.64 Lacs per annum (10,800 Kuwaiti Dinar).

Whereas highest salary offered for Domestic posting in the Campus Placement Programme held in February-March 2015 was ₹21.50 lacs per annum offered by Bharti Airtel at New Delhi center to 2 candidates.

Highest Salary offered in Campus

ICAI Campus
Highest Salary Offered
Average Salary
(CTC) Offered
For International Posting
For Domestic Posting
August-September 2013
2464000
2000000
730000
February-March 2014
2025000
2100000
737000
August-September 2014
2400000
1700000
729000
February-March 2015
3000000
2150000
721000
August-September 2015
0
2100000
761000
February-March 2016
2354000
2100000
784000

Highest average salary (Cost to Company) of ₹7.84 lacs per annum was offered in recently held ICAI Campus Programme February-March 2016.

Salary Range in CA Campus

Why Newly Qualified CAs Search for Jobs out of Campus?

If we analyse last 5 years ICAI Campus Placement Programme results i.e. for the year 2011-2015, only 9,719 newly qualified CAs were got in campus jobs out of total 66,852 candidates registered for Campus Placement Programme for Newly Qualified Chartered Accountants.

In Campus Jobs for Newly Qualified CAs
Year
2011
2012
2013
2014
2015
Total
Organizations Participated
186
129
119
166
178
778
Candidates Registered
15692
19365
11412
7434
12949
66852
Jobs Offered
3139
1451
1587
1739
2602
10518
Jobs Accepted
2811
1374
1500
1633
2401
9719
In Campus Jobs Percentage
18%
7%
13%
22%
19%
15%

Thus, the overall percentage of in campus jobs accepted vis-à-vis candidates registered in ICAI campus placement programme is 15% in last 5 years. Thus, more than 85% of registered candidates obligated for searching the jobs out of campus. However, the number of jobs offered by the participating companies were 10,518.

IN Campus Jobs for CAs

Just look out the campus results for February-March 2011, there were 111 organisations participated and 1876 jobs were offered by them including firms of Chartered Accountants. Further, you may see the result of recently organised ICAI Campus Placement Programme where the number of entities participated was 102 and 1312 jobs were offered to recruit newly qualified chartered accountants. Thus, you may say that if the no. of recruiters increases then no. of jobs offered would automatically increase.

Jobs offered in ICAI Campus

After analyzing the last 5 years ICAI Campus Placement, some questions may knock the mind of any CA aspirants that:

  1. Why Newly Qualified CAs search for the jobs out of campus?
  2. Is it not possible to increase the No. of jobs offered in ICAI campus?
  3. Is it possible for 100% placement in ICAI Campus Placement Programme?
  4. Why the No. of organisations participating in campus placements not increasing?
  5. Why CA Institute not care about the other qualified CAs searching jobs out of campus?
  6. Why percentage of candidates registered for ICAI Campus Placement Programme decreasing?
  7. Why ICAI charging fees per centre per day from both the recruiters i.e. corporates and CA Firms?

Please give your opinion, feedback, recommendations and suggestions based on the above analysis of CA Campus Results so that at least all Newly Qualified Chartered Accountants registered for ICAI Campus Placement Programme get their job in Campus itself.

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