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

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.

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This Story also Contains

1. Role and Responsibilities of a CA
2. CA: Sectors and Career options
3. Role of ICAI in CA Placements
4. Benefits of ICAI CA Placements
5. Shortlisting Process of ICAI CA Placements
6. ICAI CA Placement: Jobs offered vs Jobs accepted
7. ICAI CA Placement Analysis

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.

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.

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.

ICAI CA Placement: Jobs offered vs Jobs accepted

ICAI CA Placement Analysis

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