Details of Feb-Mar 2011 Campus placements at ICAI.

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:

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

Phase II

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

Salary Range

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

Top  Recruiters during the February-March, 2011 Campus Interviews