ICAI Placement 2013 August – September Analysis

ICAI placement 2013 August-September concluded with a lot of fanfare in the print media. You can see newspapers like Hindu and TOI with the information that ICAI placements going high beating the slow down.

But what is the truth?

Let’s have a look

Students who cleared CA Examination8,000

Students who registered for campus4,800

Its not that all students not appearing in campus have already got a job, only a handful of students are able to get a job out of campus by themselves. Most of the students not applying for campus are multiple attempt students who think that they will not be able to get a job in the campus due to very low % of placements.

No. of jobs offered624 

No. of companies58

So no. of jobs offered to registered ratio stands at mere 13%.

Highest salary offered24.46 Lakhs

Highest salary was offered by Al Ghanim Industries for an international posting. This is a really low no. for an international posting.

Comparison with previous years…

% of jobs offered in Feb-Mar 2013 stood at 12%; so this time it was almost equal to previous the previous placement.

Following chart shows the placement trends over past 5 years.

Chart 1

See this post for placement analysis of past 5 years

Why are placements so low

Well that’s and interesting question.

For past few placement seasons no. of companies participating has not crossed 60, ICAI should improve its efforts to increase and promote new companies to participate in campus placements.

See this post on of the reasons of low placements in campus

Another important point to notice is a huge increase in no. of students passing the CA Examination which for sure is not in line with industry demand clearly shown by the falling placements.

ca final past result

Note:

All information is compiled using publicly available material.



Comments

  1. Aly Merchant says

    Thanks Sir for presenting factual data,students are blindly looking at newspapers report without detailed information

  2. Arun says

    I have 3 questions and i thought you would be the right person to answer them:1)What is the salary that is offered to Rank holders?,2)Are rankholders assured of being offered jobs?3)How much do you think a CS+CA(Rankholder) can expect?

    • prabhat says

      1) Salary ranges between 8 to 12 lakhs depending on your articleship and communication skills.
      2) Nobody assures a job, but rankholders are easily able to get a decent job.
      3) CA + CS generally does’nt help initially as you will be getting a job on the basis of one degree. However in the long run a CS degree might help you in getting a premium over others

      • Arun says

        Thank You very much for your response sir.I am intent on doing both CA and CS(i will complete both in 6-7 years time) and your post has convinced me that i have taken the right decision.I want to become a Finance Controller/Director in the future so the fact that CA+CS is helpful in the long run is very encouraging.I also plan to do ICWA at my leisure.I hope to work super hard and earn a rank.I have heard that the highest salary for domestic posting this year was 16 lakhs. If rankholders get only 12 lakhs max,then who gets the 15-16 lakhs kind of salaries?I am very curious to know.

        • prabhat says

          What i told you is the average range, there are a few one offs higher than that.
          Also i would like to suggest that you should first clear CA and then only concentrate on other courses, because if you thing that you can manage both easily then rather give all your time to one course and get 1st rank in that.

  3. siddhartha yagnik says

    Dear ser,
    I have a question whether our degree recongnised in asia pacific countries like singapore, hongkong, thailand etc.. As i know our degree is recognise in middle east…

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