Fresh chartered accountants are thoroughly trained in all avenues of corporate finance, taxation and accounting. Every year ICAI organizes placement program for newly qualified chartered accountants at various locations of India.
A fresh qualified chartered accountant can even go for jobs outside. Most of the chartered accountants are placed outside campus after passing out their final exam. A Chartered Accountant can join industry as an employee or as a partner in an existing CA firm or even can start his own independent practice.
Now a day’s most of the chartered accountants are opting for employment as job prospects are more compare to initial practice. But once the practice is settled a Chartered Accountant can earn more in comparison to employment.
To provide placement services in industry ICAI has successfully organized campus placement programs for freshly qualified chartered accountants in different cities like Ahmadabad, Bangalore, Bhubaneswar, Chennai, Chandigarh, Coimbatore, Hyderabad, Indore, Jaipur, Kolkata, Mumbai, New Delhi and Pune.
Last time in March 2013, ICAI has organized campus placement program in all these centers. In which the highest salary offered by Bharati Airtel for a domestic placement was Rs. 16.65 lakhs per annum where as for an international posting, Alghanim industries has offered 21 lakhs to 4 candidates. Average CTC in March 2013 campus placement was Rs. 7.11 lakhs.
Here is the salary range of candidates in March 2013 campus placement;
|Salary Range (per annum)||Number of CandidatesFebruary-March, 2013|
|Rs. 9,00,000 and above||141|
|Rs. 7,50,000 to Rs. 8,99,000||136|
|Rs. 5,00,000 to Rs. 7,49,000||548|
|Rs. 3,50,000 to Rs. 4,99,000||33|
The economic slowdown has an impact on campus placement program of ICAI. Otherwise highest salary of a chartered accountant from campus interview has even touched 70 lakhs during 2010 when Singapore based Olam international has recruited 3 candidates from ICAI campus. Prior to that, in 2007 highest salary offer was 38.25 lakhs.
In addition to these placement programs many companies are recruiting candidates after the final results of ICAI is declared. They conduct their own interviews to recruit candidates to their company.
Based on these campus placement statistics and jobs available outside we can conclude that a fresh CA can easily get a pay package of Rs. 5, 00,000 to Rs. 6, 00,000 per annum which is good compare to other fresh finance professionals passing out from other institutes.