CA placements at Nestle, ITC, HSBC, more

THE first phase of their placement programme was conducted in February in 11 smaller centres across the country. ie Ahmedabad, Bhuvaneswar, Baroda, Coimbatore, Ernakulam, Indore, Jaipur, Kanpur, Ludhiana, Nagpur, Pune. 

73 interview teams participated at these centres seeking over 500 chartered accountants as compared to 35 interview teams present last year. 1710 candidates were shortlisted through interviews and 528 candidates were offered jobs. Last year, 1406 candidates shortlisted and 279 candidates received job offers.

The highest salary package offered at smaller centres last year was Rs.7.4 lakhs. This year the highest salary was Rs.9.05 lakhs. Last year, in the bigger centres, the best job offer received by there candidates was for Rs. 21 lakhs per annum for international posting. For the domestic posting, the best offer received was for Rs. 15 lacs per annum.
 

Placements in smaller towns	Campus Programme Aug-Sep, 2010	Campus Programme Feb-Mar, 2011*
Number of Interview Teams	35	73
Number of candidates short listed	1406	1710
Number of Jobs Offered	279	535
Highest salary package offered	Rs.7.4 lacs	Rs.9.05 lacs

The second phase of the placement programme, which kicked off from March 15, 2011 and concludes on March 28, 2011 – is being conducted in six centres: Bangalore, Hyderabad, Kolkata, Mumbai, New Delhi and Chennai. Over 120 recruiting entities are expected to participate in this programme. On the first day of the programme organised in Delhi and Kolkata, ITC made a job offer with a salary of Rs 13.92 lakhs, to six candidates. ICICI Bank offered jobs to 100 candidates. Olam International made an offer for international postings to 3 candidates for 54-68 lakhs per annum.

CA placements in 6 metros	Campus Programme Aug-Sep, 2010	Campus Programme Feb-Mar, 2011*
Number of Interview Teams	156	222
Number of Jobs Offered	1398	1806
Highest salary package offered
Domestic	Rs. 15 lacs per annum	Rs.13.92 lacs per annum
International	Rs. 21 lacs per annum	Rs. 54 lacs-Rs. 68 lacs per annum

 

Banking Sector marked the majority presence at Delhi Centre. Jobs were offered by banks like ICICI, IDBI, Bank of Baroda, Oriental Bank of Commerce, Corporation Bank, Canara Bank. ICICI bank offered 100 jobs to the candidates.

Metro-wise break-up: 

Centre	Jobs Offered in Aug-Sep’10	Jobs Offered in Feb-March’11
New Delhi	274	384
Mumbai	441	423
Kolkata	122	131
Chennai	120	161
Bangalore	109	108
Hyderabad	53	55

 

MNCs such as Reckitt Benkciser, L&T, Genpact, Nestle, Olam, Lanco Infratech, are also participating. Other prominent companies include TCS, Indian Oil Corporation, Capital IQ ,Vedanta Resources Plc, Reliance Industries Ltd, ITC, HSBC, Infosys and Nestle. At Hyderabad centre, the highest offer was made by Aditya Birla Group to three candidates for 22.45 lakhs per annum for a domestic posting. At Kolkata centre, the highest offer was made by ITC to two candidates for 13.70 lakhs per annum for a domestic posting.

The Institute organises placement programmes for the benefit of newly qualified chartered accountants, twice every year. These programmes provide an opportunity to employers to interact with newly qualified CAs and is a cost effective mode of recruiting newly qualified Chartered Accountants.

The Institute also organises Orientation Programme for Newly Qualified Chartered Accountants by providing them with last-minute technical inputs and soft skills to face the interview process with confidence. For the current year, Orientation Programmes have been conducted at 17 centres across India.