2,923 CA students hired, 37% rise in number of offers

The pandemic seems to have increased the demand for qualified CAs.

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Institute of Chartered Accounts of India (ICAI), which usually holds two campus placement sessions annually, was able to hold just one this year, due to the pandemic. However, it witnessed 37 per cent more offers being made this year, compared to the session held last year. About 2,923 job offers were made in total, with an average salary of Rs 8.91 lakh being offered to the newly qualified chartered accountants (CAs).

The placement session saw participation from about 133 companies, from the banking, BPO, information technology and financial services space, and also chartered accountancy firms.

Last year, the August-September placement drive saw about 2,135, job offers being made, with the average annual salary of Rs 7.43 lakh.

The highlight of this year’s recruitment session was that it was organised virtually, owing to rthe ongoing pandemic and related restrictions.

The demand for qualified professional advisors of managing finances and working capital for companies has been on the rise. Given their knowledge, education and training, chartered accountants turn out to be the best providers of solutions for organisations and businesses.

Recently, ICAI brought out a research report on automation in finance functions in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW). The report revealed that automation in finance functions is essential, and that it does not destroy jobs, but handles repetitive tasks allowing CAs the time to perform more important tasks, such as analysis, strategy and business partnering.

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