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ICAI CA Placements (Last 5 Years): Shortlisting Process, Previous Trends, Job Prospects

ICAI CA Placements (Last 5 Years): Shortlisting Process, Previous Trends, Job Prospects

Edited By Team Careers360 | Updated on Apr 02, 2024 11:38 AM IST | #CA Final Exam

Chartered Accountant (CA) as a career is one of the most prestigious and high-paying professions in India. The average salary of a fresher CA in India is around 6 LPA which can go upto 50 LPA with experience in the field. The Institute of Chartered Accountants of India (ICAI) gives a Certificate of Practice (CoP) to all candidates who complete the CA course. Having a Certificate of Practice means that the candidate is now a certified Chartered Accountant and can practice the profession. Along with the CoP, the Committee for Members in Industry & Business (CMI&B) of ICAI provides CA placement opportunities. The institute acts as a bridge between the recruiters and the newly qualified CA in the placement drive.

Role and Responsibilities of a CA

A Chartered accountant is one of the most high-paying professions in India. Let’s take a look at the roles and responsibilities of a CA.

  • CA who is working with a firm is expected to look after the finances and accounts of the company. They manage the company’s profit and loss account, balance sheets, cash flow statements, etc.

  • CA gives financial advice to the clients, which includes suggesting long and short-term investments, insurance, cost cutting, etc.

  • They monitor and analyze the financial performance of the company throughout the financial year.

  • They are expected to stay up to date with any changes in regulations, tax laws, Company Act, etc.

  • One of the most important job roles of a CA is to take care of taxation of the company or individual. They assist them in tax planning, calculation, rebates, and compliance.

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CA: Sectors and Career options

Chartered Accountant as a course and profession is very rewarding. In general terms, a CA is an expert in business and finance. But there are many sectors and fields within finance, which a CA can work in. They can work in private companies, firms, government agencies, the banking sector, PSUs, the education sector and NGOs. Government bodies like LIC, GAIL, and public sector banks also offer CA jobs. The role and responsibility of a CA differs according to the sector they are working in. Below are few examples of various sectors and the job roles they offer.


Company, Industry, and private sector

Banking sector



Academic


Government

Company, Industry, and private sector

Banking sector

Academic

Government

  • Handling financial statement

  • Management account

  • Financial Advisor

  • Taxation

  • Audit

  • Corporate financing

  • Corporate Banking

  • Investment banking

  • Risk Analyst

  • Credit Analyst

  • Asset Management

  • Teaching

  • Creating study material

  • Government Accountant

  • Auditor

  • Taxation


Role of ICAI in CA Placements

CMI&B of ICAI acts as a mediator between the recruiters and the CA in the placement drive. The candidates with membership of ICAI can register themselves on the online website portal to participate in the placement process. Only after successful payment of registration fees, i.e. Rs 500, the database of the candidate is passed on to the recruiting companies. Registration on the ICAI placement portal helps in shortlisting the candidates. If the recruiting company requires it, the institute also conducts online Psychometric and written tests for the recruitment process.

Benefits of ICAI CA Placements

After giving the Certificate of Practice (CoP), ICAI organizes the placement drive. CA can find a job on his own but the institute’s placement opportunities can be more beneficial for the candidate.

  • The CMI&B of ICAI becomes a one-stop solution for the placement-related queries of newly qualified CAs.

  • The institute acts as a facilitator between the recruiters and the CAs which leads to shorter recruitment cycles. Candidates just have to register on the official website of the institute.

  • Since all the arrangements are done by the institute, it becomes cost-effective for the recruiter and the candidate.

  • When candidates register themselves on ICAI’s placement portal, their database gets stored. The database helps the recruiters in shortlisting the candidates.

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Shortlisting Process of ICAI CA Placements

Once the registration is completed, the shortlisting and placement process starts. Let us see the step-by-step process of ICAI CA placements below.

  • The first step is sharing the database of CA candidates with the recruiting firms and companies. It is mandatory to make full payment of the registration fee by the candidates before the database is shared with the recruiters.

  • The recruiter of the company or firm starts short-listing the candidates from the database.

  • The recruiters will shortlist the candidates in two rounds. After the shortlisting of the first round, the recruiter uses the database again to shortlist the candidates who were not shortlisted before. The number of candidates shortlisted is restricted to ten times the vacancy

  • Candidates can accept up to four recruiters for going forward with the process.

  • If a candidate has given consent and is shortlisted, the recruiter must take the interview.

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ICAI CA Placement: Jobs offered vs Jobs accepted

YearsJobs OfferedJobs AcceptedAcceptance Rate

2023

3,395

2385

70.2

2022

7,360

5,538

75.2

2021

4,951

2,832

57.2

2020

2,950

2,392

81.1

2019

3,815

3,180

83.4

ICAI CA Placement Analysis

Campus placement programme

August - September 2023

Number of candidates registered

10097

The total no. of organizations that participated

169

No. of jobs offered by the participating organizations

3395

No. of jobs accepted by the candidates

2385

Highest salary (Cost to company) by Domestic Company

Rs. 23.70 LPA

Highest salary (cost to company) by international company

Rs. 49.20 LPA

Average salary (cost to company)

Rs. 12.32 LPA

Also check - CA Salary in India

Frequently Asked Question (FAQs)

1. What is the highest placement of ICAI?

As per the Campus Placement Watch report of ICAI of August-September 2023, the highest package offered by a domestic company was Rs 23.07 LPA and by the international company, it was Rs 49.20 LPA.

2. Does CA get campus placement?

Yes, CAI through its Committee for Members in Industry & Business (CMI&B) after every final result provides CA placement opportunities.

3. What is the highest package for CA freshers?

The highest package a CA fresher can get lies between 18 to 20 LPA. However, it can get higher depending on the company and job role.

4. Can CA earn 1 crore?

The average salary of a CA with years of experience lies between 40 to 50 LPA which can go to 1 crore if she/he is well settled and opens their firm.

5. In which field is CA the best?

A CA has a wide range of possibilities to gain expertise in. A few of them are auditing, taxation, financial advisor, management accountant, risk analyst, and investment banking.

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Questions related to CA Final Exam

Have a question related to CA Final Exam ?

Hello Aspirant,

See application process is already live for CA Final 2022 examination for November 2022 session so if you had applied for it then it is alright and the last date to apply for it is July 1st 2022.

Now coming to the question of choice of elective paper so don't worry because choice of elective paper will be asked while filling examination form for CA final 2022 which would be available for the candidates in October 2022 so you can fill it out at that time and till then you will have to wait for it.

You can check out more information from the official site as given below :-

https://www.icai.org/new_post.html?post_id=15755

or you can also check out our article for all latest updates and complete details :-

CA Final Registration 2022 - Steps to Apply Online, Fees, Eligibility (careers360.com)


I hope this information helps you.

Good Luck!!

Hello,

No you cannot apply after the final date of registration. Unless the officials extend the last date you will not be eligible for applying after the final date of registration. As of now there are no information from the officials regarding the extension of the final date. The Institute of Chartered Accountants of India (ICAI) has opened the CA Final 2022 registration in online mode. The last date for the CA Final May 2022 registration was January 1, 2022. You can apply for December session. The last date is on July 1, 2022.

Hi there,

First of all make plan that what are you going to study,for how many hours you are going to study a topic and on what you will focus on. Plan all these things so that you don't get distract while studying. Then maintain a timetable and follow it .

We all have same working hours but we don't utilize them properly so start utilizing your working hour according to your mental energy .

Always study in a peaceful environment so that you can learn more in less time that means effective study .

Now if you are talking pparticularly about commerce then you can divide subjects into two part

(A) Numerical portion: First clear you concepts and after that practice as much as you can for Numerical.

(B) THEORY Portion: Make notes and clear your concept and revise them.

Try to understand instead of just mugging up lessons so that you can remember it for long time .

And last but not least study with enthusiasm. Enjoy study . Don't take study as burden.

Hope it helps you.

Good luck!


Hi Aspirant,

Hope you are doing great as per the question asked by you as you have made mistake while filling up the form you should definitely mail to the required authorities regarding the mistakes you have sometimes correction window is given to the students to correct the mistakes if made any during the process.

Hope you found this answer useful.Stay motivated stay positive.

All the best!

Hey aspirant,

Sorry but this cannot be done as it is mandatory and one must complete at least 2 years of training before sitting for the finals

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