Details of Feb-Mar 2011 Campus placements at ICAI.

CA Trinath Galla (student) (3130 Points)

03 June 2011  

 

 

Career Watch

 

Report on Campus Placement Programme –February-March, 2011

 

The Committee for Members in Industry organizes Campus Placement Programmes for all level of Chartered Accountants at frequent intervals throughout the year. The Committee for Members in Industry is committed to provide world class placement services to the Members and best accounting and finance talents to the industry.

 

In its endeavor to provide quality Accounting, Finance, Tax, Audit and Management Consultancy personnel to recruiting entities, the Committee has successfully organized one more round of Campus Placement Programme for newly qualified Chartered Accountants at  sixteen centres viz. Ahmedabad, Bangalore, Baroda, Bhubaneswar, Chennai, Coimbatore, Ernakulam, Hyderabad, Indore, Jaipur, Kanpur, Kolkata, Mumbai, Nagpur, New Delhi and Pune in Feb-Mar, 2011.

 

Brief summary of the placement programme of both the phases is as follows:

 

Number of Candidates Registered

5375

Number of Interview Teams

223

Number of Organisations

111

Number of Jobs Offered

1876

Percentage of jobs offered vis a vis registered candidates

34.90%

 

Executive Summary

 

1.       Highest salary offered for International posting in the Campus Placement Programme is 120,000 -150,000    USD PA (INR 5486412.00 to INR 6858015.00000, 1USD=45.72010  INR).

2.       Highest salary offered ever for Domestic posting in the Campus Placement Programme is Rs. 13.92 Lacs per annum.

3.       The minimum salary paid is Rs 3.27 Lacs per annum.

4.       The average salary offered was Rs. 6.747 Lacs per annum.

5.       Total 1902 candidates have participated in phase I interviews and 4963 candidates have participated in phase II interviews after merger of candidates from smaller centres. In all 5375 candidates registered for availing the services of Campus Placement Programme.

6.       Around 1876[1] jobs were offered to the candidates who participated in Campus Placement Programme.

7.       In all  34.90% of registered candidates were offered jobs.

8.       1663 candidates accepted the job offers.

9.       111 entities including the corporate organizations and the Chartered Accountancy Firms have participated during the Campus Placement Programme.

10.   223 Interview Panels have participated during this Campus Placement Programme.

 
Salient features

 

1.       Candidates have been given two choices to meet the recruiting organisations. First at smaller cities and second (if the candidates has not been selected at smaller cities) at bigger cities.

2.       The committee organised Orientation Programme for candidates to sharpen their soft skills and give updates on the Technical side.

3.       In this Campus Placement Programme all the candidates have been permitted to attend the Orientation Programme at any of the centres to avoid the requirement to travel to centres chosen for interviews for attending the Orientation Programme.

The following table shows the statistical information of campus interview at a glance:

 

Phase I

 

 

Centre

Number of Interview Teams.

Total Registered

Candidates

Number of Offers made

Number of offers accepted

Ahmedabad

10

659

168

168

Bhuvaneswar

8

78

47

39

Baroda

6

42

15

8

Coimbatore

8

43

25

8

Ernakulam

4

43

9

4

Indore

3

68

18

10

Jaipur

12

341

83

68

Kanpur

5

107

15

12

Nagpur

6

54

30

12

Pune

11

380

125

85

Total

73

1902

535

414

 

Phase II

 

Centre

Number of Interview Teams.

Total Registered

Candidates*

Offered

Accepted

Bangalore

21

324

117

108

Chennai

26

347

161

161

Hyderabad

12

200

55

45

Kolkata

16

533

131

116

Mumbai

33

1776

429

394

New Delhi

35

1784

439

416

Special Recruitment Window

1

-

9

9

Rank Holder List

6

-

Awaited

Awaited

Total

150

4963

1341

1249

 

 

* The figures also include candidates merged from smaller centre to the bigger centres as per their choice.

 

Salary Range

 

Salary Range (per annum)

Number of Candidates   Feb-Mar,2010

Number of Candidates   Aug-Sept,2010

Number of Candidates   Feb-March,2011

Rs. 9,00,000 and above

43

79

108

Rs. 7,50,000 to Rs. 8,99,000

227

169

413

Rs. 5,00,000 to Rs. 7,49,000

656

756

989

Rs. 3,50,000 to Rs. 4,99,000

272

137

142

Rs. 2,50,000 to Rs. 3,49,000

17

3

11

Total

1215

1144

1663

As apparent from the statistics there has been a significant rise in the range of CTC offered by the organization in the all three range of more than Rs 5,00,000 lacs per annum to the candidates and the offers accepted by them.

 

 

The Chart above depicts the comparison between the number of the candidates selected within the various salary ranges offered during Campus Placement Programme  February-March,2010, August-September, 2010 and February-March,2011  .It can be observed that in the recent programme higher salaries were offered to more number of candidates .Less number of candidates were offered lower salaries. This reflects a general rise in the pay packages that is being paid to the newly qualified Chartered Accountants.

 

 

Top Ten Remunerations offered during February-March, 2011 Campus Interviews

 

S No.

Company Name

Remuneration Offered

(Rs. In lacs P. A.)

Candidates Selected

Centre

  1.  

Olam International Ltd

US $ 1,20,000-1,50,000 per annum (For International Posting)

2+2=4

Chennai & New Delhi

  1.  

Aditya Birla Group

US $50,000 per annum (For International Posting)

3

Hyderabad

  1.  

ITC

1393200

2+6+1+2=11

Bangalore,New Delhi, Mumbai and Kolkata

  1.  

Landmark Group

1319493

8+5=13

New Delhi and Mumbai

  1.  

BPCL

1160000

6+2+4=12

Mumbai,Chennai and Kolkata

  1.  

RAK Ceramics PSC, UAE .

1100000

15+11=26

New Delhi and Kolkata

  1.  

ETA Star Group of Companies

1080000

6

Chennai

  1.  

REC

1040000

8

New Delhi

  1.  

ONGC

1000000

2

Chennai

  1.  

J.M. Financial Limited

1000000

3

Mumbai

 

Top  Recruiters during the February-March, 2011 Campus Interviews

S No

Name Of Company

Accepted

1

ICICI Bank

309

2

TCS

101

3

Infosys

80

4

Canara Bank

55

5.a

Axis Bank

50

5.b

BHEL

50

5.c

RIL

50

6

Genpact

49

7

Bank of Baroda

39

8

Corporation Bank

39

9

Bank of India

36

 

 

 

 

 

 

 

 

 



*Comments/suggestions for improvement in placement programme, particularly to improve the penetration are welcome at placements @ icai.org [1] This write up reflects the status as on 18/4/2011 10:00 AM. Results are awaited from some of the companies. For further details kindly visit https://www.cmii.icai.org