Due to the impact of the coronavirus (covid-19) pandemic, various sectors of the economy are facing a lot of challenges but there is some silver lining to cheer for. As per the reports, there has been an increase of 37% in the demand for chartered accountants (CA’s) for employment in the industry and their pay packages have also seen an increase and growth too through its campus placement season concluded recently.
In a statement, Atul Kumar Gupta, President of (Institute of Chartered Accountants of India) stated that “their CA’s role is more important in prevailing and comprehensive circumstances. The statement extended to say that today’s CA’s can be complete business solution providers and organizations across sectors are searching for “sound professional advisors who can manage their finances and working capital, thus providing lifelines to other functions.
Besides, last month, in its virtual campus placement program, there have been 2923 jobs offered for fresher CA’s (Chartered Accountant) as compared to 2,135 jobs provided in the placements session last year. Also, the average annual salary provided or offered arises to Rs.8.9 lakh from Rs.7.4 lakh in the campus placement session conducted last year.
Moreover, companies such as ICICI Bank, Infosys, TCS, and PricewaterhouseCoopers have recruited in the campus placements session, this year and the companies or associations have offered 133 jobs in the campus drive as compared to 137 in the previous year.
The Institute of Chartered Accountant (ICAI) supervises campus placement sessions for a newly certified chartered accountant (CA’s) twice a year post the results or consequences of its final examination. However, in the present year, the Institute of Chartered Accountant coordinated it virtually in August- September 2020.
The highest salary package offered this year was at Rs.23.3 lakh, almost the same as last year’s Rs.24 lakh per annum.