Despite the economic slowdown, chartered accountants will continue to find jobs, according to the The Institute of Chartered Accountants of India (ICAI).
The press meet by ICAI which announced the placement programme 2013 in the city on Saturday, highlighted some aspects of the stream.
“Of course, the money devaluation has some effect on every industry, CA is no exception, but there are plenty of job opportunities. This will be evident with the companies participating in the placement drive that is to take place in Chennai from September 9 to September 13.
Nearly 5,000 candidates, who have successfully completed chartered accountancy, will be participating in the drive, where top companies like Tata Consultancy Services, SRBC & Co, Vedanta Resources, ITC Ltd, etc., are to participate,” said Vijay Kumar Gupta, Central Council Member and Chairman, Committee for Members in Industry (CMII).
The event also stressed the point that CA was not given enough space in the media.
“In South India, people still think that taking commerce as their major subject in higher education is due to their incapability, but in the North, commerce is the most sought after stream. This is also due to the hype about other streams created by the media, portraying them as something more respectable and esteemed.
CA is the highest qualified financial curriculum, their entry level salary itself starts from Rs 7 lakh to even Rs 16 lakh,” said G Sekar, Central Council Member ICAI, who appealed to the people to understand the value of CA qualification. He also added that there was no question of saturation as every single industry needed CA to run their business.
The ICAI had also arranged for an orientation program for the Chartered Accountants, who attended the programme to equip themselves with the skills required to attend the placement programme.