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 Examination – 8,000
Students who registered for campus – 4,800
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 offered – 624
No. of companies – 58
So no. of jobs offered to registered ratio stands at mere 13%.
Highest salary offered – 24.46 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.
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.
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.
All information is compiled using publicly available material.