ICAI mission: Jobs for 5000 CA graduates

Institute of Chartered Accountants of India (ICAI) is all geared up to find job placements for the 5000 chartered accountants (CAs), who passed out in July, 2013.

Currently, ICAI is holding campus placement programmes in various cities. The institute organises placements twice – in August-September and February-March – at 10 small and six big centres across the country. Placement programmes are already over in Jaipur, Ernakulam, Pune, and Ahmedabad. ICAI will be holding its placement programme in Mumbai from September 6 to 12 and in Kolkata from September 9 to 13.

Last year, about 130 companies hired 1,500 candidates through the two placement seasons. In Mumbai itself, 31 companies recruited 214 CAs.

This is a part of the effort to promote the course that’s also far more affordable at Rs 45,000, compared to MBA where the program fee runs into lakhs of rupees.

According to information, ICAI charges around Rs 50,000 and Rs 6,00,000 as placement fee from participating companies. On Day One, if a company participates, it cannot offer a salary package below Rs 8,00,000. “The minimum package a company has to offer our students is Rs 4,00,000,” said Prafulla Chhajed, member, central council, ICAI.

Top firms like Vedanta Resources Plc, Tata Consultancy Services Ltd, public sector banks and other multinational companies have already confirmed their participation, informed Vijay Kumar Gupta, chairman, ICAI.

Click here to Know the highest package CAs got at ICAI Campus Placements