CA salary tops the chart to Rs. 70 Lakh

The world is changing every moment, so does the requirement of people and corporate world. To meet the needs of the corporate world the training institutes and colleges are coming up with new professional courses every day. Every year most of the streams come up with some modified courses and new developments in the study area. There are many new streams and sector for which students opt for. Nowadays, students go for MBA and IT courses more compared to other traditional streams. But, still there are some streams which have not lost its charm among students. Banking and CA related courses are among them. CA is such a stream which is still among the most sorts after sector. Every year there are thousands of students who took the CA test and clear the exam. CA exam is one of the toughest exam and to clear it students need lots of hard work and knowledge of the subject. This is one of the most promising streams. It gives ample opportunity for growth as well as learning.

 
The Institute of Chartered Accountants of India (ICAI) is the CA authority of India who conceptualizes, manages and conducts exams for CAs. It is government authority who conduct CA exam twice in a year.  It has a very good placement record. Every year all the aspiring CA took exams through this, which got the good placement. To get a good job in this stream in any of the organization you need to clear this exam. To apply for jobs in banking and accounting in any organization you require this degree as minimum educational qualification. This year also Institute of Chartered Accountants of India (ICAI) has created a record by placing three of its candidates at a record salary of close to Rs. 70 lakh with Singapore-based Olam International. This placement offer has created the history in this institutes record. This is the highest salary offered to any fresh CAs recruited from the ICAI campus. The placement committee every year helps the successful students to get a good placement.

 In last three years, this is the top salary ever offered salary to any ICAI students. The three candidates, who have been offered the record salary, were picked by the agriculture supply chain major from ICAI's Chennai campus. Olam plans to hire around eight candidates from ICAI.

ICAI started its first phase of placements through five out of 15 campuses. The first day itself saw 320 candidates being picked up by the good companies. Companies which hired successful CAs on the first day include IOC, ITC, Tolaram, Vedant, S R Batliboy, Yes Bank, GE Capital, REC, L&T, Axis Bank, Morgan Stanley, HCL Technology and Delloite.

Subodh Agrawal, Chairman of the Committee for Members in Industry, ICAI in his statement mentioned, "We are very happy with the offers we have seen on very first day of our campus recruitment. It suggests that now we are out of the global recession and recruiters are ready to offer right packages to right candidates.” He also added in this comment, “It is a 100 percent rise from our earlier best.” Clarifying the hiring sentiment Agarwal said, "Now with the upturn, good candidates keen to work within the country. Therefore, companies need to pay a premium to hire them for global positions."

This is one of the fruitful streams. As an aspiring CA you must have good knowledge of the stream. There are many companies who are always ready to hire good people on good salary. To get success in this field you require lots of hard work and dedication. There is no limit for salary and growth for the deserving candidates in this field.

Source: Manisha Verma (Team Shiksha)

Date: 8th March, 2010

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