The ICAI Campus Placement Programme held in February–March 2017 saw participation from 118 companies across 21 centres in India, offering 1,267 jobs to 4,081 shortlisted newly qualified Chartered Accountants. Of these, 1,205 candidates accepted offers, with the highest domestic salary reaching ₹21 lakh per annum and international packages going up to ₹43 lakh per annum.
The average salary stood at ₹8.5 lakh per annum, reflecting strong demand for CAs in both private and public sectors. Major recruiters included Deloitte, Infosys, Reliance, SBI, and ONGC, among others.
ICAI Campus Placement Programme – Feb–March 2017: A Comprehensive Report on CA Salaries
The Institute of Chartered Accountants of India (ICAI) conducts a campus placement programme twice a year for newly qualified Chartered Accountants (CAs) who have passed the CA Final Examination and completed the General Management and Communication Skills (GMCS) training. In this report, we analyze the highlights and outcomes of the February–March 2017 ICAI Campus Placement Programme, with a focus on average salaries and job offers extended to fresh CAs.
The Committee for Professional Accountants in Business & Industry (CPABI), a wing of ICAI, organized the February–March 2017 campus placement drive across 21 centres in India. As a routine part of the process, an Orientation Programme was conducted at all 22 centres, including Ludhiana, to enhance the candidates’ soft skills and technical knowledge before interviews.
Placement Centres
This round of the campus programme was held at 21 locations, split into larger and smaller centres:
- Larger Centres (9): Ahmedabad, Bengaluru, Chennai, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi, Pune
- Smaller Centres (12): Baroda, Bhubaneswar, Chandigarh, Coimbatore, Durgapur, Ernakulam, Indore, Kanpur, Nagpur, Navi Mumbai, Thane, Vasai
Candidates were allowed to appear for interviews at one small and one large centre. However, if a candidate secured a job through a small centre, they were not permitted to attend interviews at a large centre thereafter.
Key Statistics – ICAI Campus Placement (Feb–March 2017)
- Total Candidates Registered: 4,261
- Candidates Shortlisted: 4,081
- Candidates Appeared for Interview: 3,398
- Job Offers Made: 1,267
- Job Offers Accepted: 1,205
- Placement Rate (Jobs Offered / Candidates Appeared): 37.29%
Salary Highlights
- Average CTC (Cost to Company): ₹8.5 lakh per annum (~₹71,000 per month)
- Highest Domestic CTC Offered: ₹21 lakh per annum
- Highest International CTC Offered: ₹43 lakh per annum
- Average International Salary: ₹3.58 lakh per month
Salary Distribution (Accepted Offers – 1,205 Candidates)
| Salary Range (₹ per annum) | Number of Candidates |
|---|---|
| 9,00,000 and above | 351 |
| 7,50,000 to 9,00,000 | 317 |
| 6,00,000 to 7,50,000 | 423 |
| 5,00,000 to 6,00,000 | 85 |
| 4,00,000 to 5,00,000 | 27 |
| Below 4,00,000 | 2 |
Participating Companies
A total of 118 companies and CA firms participated, forming 199 interview panels. Key recruiters included:
- Multinational Corporations: Accenture, Barclays, Capgemini, Infosys, Deloitte, Genpact, UBS
- Indian Conglomerates: Tata Motors, Reliance Industries, Adani Enterprises, ITC, Vedanta
- Financial Institutions: Axis Bank, State Bank of India, ICICI Prudential, LIC Housing Finance, UTI AMC
- Public Sector Undertakings (PSUs): ONGC, Indian Oil, GAIL, HPCL, BPCL, BEML, BEL
- Retail and FMCG: Britannia, D-Mart, PepsiCo, Blue Star
ICAI Membership Snapshot
As of the latest data:
- Total Chartered Accountants: 2,68,765
- Associate CAs (ACA): 1,82,150
- Fellow CAs (FCA): 86,615
- CAs in Practice (with COP): 1,27,161
- ACA with COP: 53,898
- FCA with COP: 73,263
- CAs in Service: 1,41,604
This analysis offers a clear insight into the performance of the February–March 2017 ICAI campus placement programme, highlighting strong industry demand and competitive compensation for newly qualified Chartered Accountants.
FAQs on Feb–March 2017 ICAI Campus Placement
What is the ICAI Campus Placement Programme?
The ICAI Campus Placement Programme is an initiative by the Institute of Chartered Accountants of India to help newly qualified CAs secure employment through a structured recruitment process involving top companies.
How often does ICAI conduct the campus placement programme?
ICAI conducts the campus placement programme twice a year, typically in the months of February–March and August–September.
Who is eligible to participate in the ICAI campus placements?
Newly qualified Chartered Accountants who have passed the CA Final exams and completed the GMCS (General Management and Communication Skills) training are eligible to participate.
How many centres participated in the Feb–March 2017 ICAI campus placement?
The programme was held at 21 centres across India, including 9 major and 12 smaller centres.
What are the major centres for ICAI placements?
Major centres included Ahmedabad, Bengaluru, Chennai, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi, and Pune.
What are the smaller centres for ICAI placements?
Smaller centres included Baroda, Bhubaneswar, Chandigarh, Coimbatore, Durgapur, Ernakulam, Indore, Kanpur, Nagpur, Navi Mumbai, Thane, and Vasai.
Can a candidate attend interviews in more than one centre?
Yes, candidates can appear in one small and one large centre, but if selected in a small centre, they cannot attend interviews at the large centre.
How many candidates registered for the Feb–March 2017 ICAI placement?
A total of 4,261 candidates registered for the programme.
How many candidates were shortlisted?
4,081 candidates were shortlisted for interviews.
How many companies participated in the Feb–March 2017 placement?
118 companies and CA firms participated in the campus placement programme.
How many interview teams were formed?
A total of 199 interview teams were formed by the participating companies.
How many jobs were offered during the placement?
1,267 job offers were made to candidates.
How many job offers were accepted?
1,205 job offers were accepted by candidates.
What was the placement percentage?
The placement percentage (jobs offered vs. candidates appeared) was approximately 37.29%.
What was the highest domestic CTC offered?
The highest domestic cost-to-company (CTC) offered was ₹21 lakh per annum.
What was the highest international CTC offered?
The highest international CTC offered was ₹43 lakh per annum.
What was the average salary offered to CAs?
The average salary offered was ₹8.5 lakh per annum, equivalent to approximately ₹71,000 per month.
What was the average monthly salary for international postings?
For international placements, the average monthly salary was approximately ₹3.58 lakh.
Which companies participated in the ICAI campus placement?
Top participating companies included Deloitte, Infosys, Axis Bank, Tata Motors, Reliance Industries, SBI, ONGC, Capgemini, and more.
Were public sector companies part of the placement?
Yes, several public sector undertakings (PSUs) like ONGC, IOCL, BPCL, HPCL, and GAIL participated.
What were the most common salary ranges offered?
Most offers were in the range of ₹6 lakh to ₹9 lakh per annum.
How many candidates received packages above ₹9 lakh?
351 candidates received offers with a CTC of ₹9 lakh or more.
What is GMCS and why is it required?
GMCS (General Management and Communication Skills) is a training program designed to improve soft skills and communication, required before participating in campus placements.
What is CPABI?
CPABI stands for the Committee for Professional Accountants in Business & Industry, which organizes the ICAI campus placement programme.
How many Chartered Accountants are there in India as per latest data?
As of the latest available data, there are 2,68,765 Chartered Accountants in India.
How many CAs are in practice versus in service?
There are 1,27,161 CAs in practice and 1,41,604 in service.
What is the difference between ACA and FCA?
ACA (Associate Chartered Accountant) is the designation for new CAs, while FCA (Fellow Chartered Accountant) is awarded after gaining sufficient professional experience.
How many ACAs and FCAs hold Certificates of Practice?
53,898 ACAs and 73,263 FCAs hold Certificates of Practice.
Is participation in the ICAI placement programme mandatory?
No, participation is voluntary for eligible Chartered Accountants.
How can companies register for ICAI placements?
Companies can register through the official ICAI placement portal and coordinate with CPABI for interview scheduling and logistics.
