offers that are created by the companies. This is done during the campus placement of these students. This year, while the minimum salary offered to them, was Rs 8.91 lakh.
The job offer to this was higher with 37% as compared to the offers made in August and September 2019.
The ICAI has organized the placement on campus twice every year in February-March and August-September. Although in between COVID-19 only 1 placement gets conducted in this year.
“reported an increase of 37 percent in demand for newly qualified CAs for employment in the industry through its campus placement program concluded recently”.
With a total of 2923 jobs, the average yearly salary offered to these newcomers was Rs 8.91 lakh. According to the institute, there are 133 companies that take part in campus placement.
In the duration between August and September 2019, the job stood at 2135 whereas the annual package provided was Rs 7.43 lakh.
The financial services, banking and IT, BPOs and CA firms are the major recruiters aforementioned this year.
“… as the pandemic has restricted the physical movement towards organizing any event/campus placement, the institute taking note of all the factors and not letting the newly qualified CAs miss the opportunity, organized the first-ever campus placement through virtual mode,”
“Companies are looking for sound professional advisors who can manage their finances and working capital well thus providing a lifeline to other functions. Chartered Accountants with their education and training are best managers and complete business solution providers,” said the ICAI president Mr. Atul Kumar Gupta CA is mandatory in these current conditions.