'Fresh CAs see good job offers;average annual pay at Rs 7.3 L'

Reflecting good employment prospects in the accountancy space, companies have recruited more than 624 chartered accountants with an average annual pay package of around Rs 7.3 lakh through ICAI campus placement.

The offers were made by companies during the placement programme, conducted across 16 cities, by the Institute of Chartered Accountants of India (ICAI).

The highest remuneration stood at Rs 24.64 lakh per annum while the average compensation touched Rs 7.36 lakh per year. About 58 companies participated in the campus placement programme and hired over 624 chartered accountants, ICAI said in a statement today.

"ITC, Hindustan Unilever, Alghanim Industries, Tata Consultancy Services, Wipro, Madura Fashion and Life Style, Marriott Hotels India Pvt Ltd etc," were among the recruiters, it added.

The companies represented various sectors including Information Technology, Financial Services, Oil & Gas Refining, Banking, BPO, Telecommunication, Mining and FMCG.
The placements were made in August-September period.

ICAI President Subodh Kumar Agrawal said the salary package offered to students ranged between Rs 4 lakh to Rs 24.67 lakh.

"We are happy to see the response of the companies at our campus placement programme despite the current phase of economic slowdown," Agrawal said.
ICAI is the statutory body for regulation of chartered accountants in the country.