The Hindu Business Line : Now, it's merry time for aspiring CAs

An estimate worked out by the Institute of Chartered Accountants of India (ICAI) has underscored a marked increase over last year on multiple fronts — the overall pass percentage at the final level, the number of students getting absorbed, the turnout of new-generation companies at campus interviews and the like.

Over 1,100 candidates were taken in by nearly 100 companies during campus interviews conducted in February and March, said Mr T.N. Manoharan, President of ICAI, adding that the highest salary offered was Rs 12 lakh per annum.

More pass percentages

The institute is also pointing out that pass percentages are on the rise.

"Gone are the days when the pass rates were 2-3 per cent. Now, if you consider both groups at the final level, these are at 15-20 per cent. In a single group, it is often as high as 30 per cent," the ICAI chief said while referring to the rise in absolute numbers.

The ICAI has attributed the trend to greater filtering at the entry level and to the fact that many more students are in recent times appearing for examinations that are being conducted by it.

Top recruiters

For the record, the top recruiters during the February/March interviews were Progeon (which offered 163 jobs), Gecis (160), Tata Sons (68) and Reliance Industries (63). Companies such as ICICI Lombard and TCS also did well on this score.

"We have noted that companies in the services sector are quickly turning out as prominent employers of newly-qualified CAs. These include new-economy players as well. Besides, professional firms have also lately become active recruiters", Mr Manoharan told newspersons.

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