Business is confronted with minimal changes when compared to technology. Technology-based companies like Apple, Facebook, Microsoft, and Google have proved to be a growing company with newer technologies. So, if growth is the criteria to measure, then engineers get more salary when compared to chartered accountants.
The question has to make sense to the learners. Mere independent factors do not constitute the salary. The salary of an engineer and chartered accountant starts from thousands and grows till lakhs. The factors such as the experience of the employee, the learning capacity of the employee, dynamic market drivers, and profit of the company are behind the salary of the employee. Dependent factors regarding employment create opportunities. Independent factors regarding employment give importance to specialized knowledge. Engineering students get a campus interview. Do chartered accountants get placement through campus interviews? Here is the blog which brings out the answer to these questions.
The coming era would get dominated by artificial intelligence is the prediction from the market analysts. The same analysts say that this may reduce the scope of chartered accountants. This prediction is a false statement from another viewpoint. Technologies automate mundane tasks but, it is difficult for the technologies to analyze the large volume of data. By using new technologies, the data bring answers to questions and promote an accurate system to the business.
ICAI campus placement eligibility 2020
CMI&B is the committee for members in Industry and Business that handles the matters concerning ethics, career planning, and employment opportunities. The CMI&B conducts the campus placement program in the year 2020, between February and March. This institute provides placement opportunities to 18 centers across the country. For the placement process, there is a web portal in the name of the institute. The students can do the registration and check the details of shortlisted candidates in this portal. If the requirement urges, then the institute provides written tests and psychometric tests for the aspiring candidates. Get information about the dates of the campus interview conducted in different states on the website. The center must pay an appropriate amount for the written test and psychometric test to the ICAI.
Guidelines regarding ICAI campus placement
- After passing the CA final exam, use the roll number of CA final to log in at the website of CMIB.
- Enter the mark sheet if the data is empty at your candidature.
- Check the data accuracy with the display of the data.
- Take immense care when filling in the details as incomplete information leads to the cancellation of the campus interview.
- Get the center code after registration.
- Keep a copy of the details and produce this during the campus placement orientation program.
- The orientation program is available at big centers and smaller centers.
- If an interview with a big center is difficult to get through, then try for the smaller center.
- To prepare for the interview, attend the group discussion, and interview organized by the institute.
- The students have the right to select four companies from bigger or smaller centers to attend the interviews.
- Accept the interview date declared by the company or else select an appropriate date after mutual understanding.
- If the student has shown consent to attend the interview, then it becomes mandatory to take-up the interview on the given date. The final result is with the discretion of the organization that conducts the interview.
Current vacancies for chartered accountants
In the event of celebrating “CA day,” Prime Minister NarendraModi said that the role of the chartered accountants plays a valuable role in the progression of the country. Chartered accountants help startup companies to grow with a financial projection. They match the business margin with budget planning and tax payment. As big corporate and start-up companies increase in India due to modern technologies, there is an evolving demand for chartered accountants. According to the search result from Naukri.com, CA fresh professional earns, a salary of 7 lakh per annum, and in the case of experienced chartered accountants, the potential income reaches a height of 25 lakh per annum.
There is a spike of 80 percent from total and 30 percent increase of women professionals practicing CA, which will lift the industry of chartered accountancy. There is a prediction from the market analysts that there will be an increase in Chartered accountants by 2020. Due to the growing nature of start-up companies, corporate companies, and law amendments, the need for CA professionals would be more in the coming years.
Technology will not make the chartered accountants obsolete. They need to embrace new analytics related technologies. They can work with the private sector, public sector, and government as they have vast knowledge. They understand the emerging process of GST, internal audits, international taxation, mergers and acquisitions, wealth management, tax planning, and the ecosystem of startup companies.
Software engineering jobs
Apart from engineering qualification, the skills required for a software engineer include verbal communication, written communication, research with the help of different online resources, time management, project management, problem-solving skills, understanding the usage of information technology in multiple types of business applications, logical understanding and attention to the detail. If the qualification and experience help, he can attain higher positions in corporate companies.
India-based software companies like Wipro, TCS, Infosys, Cognizant, and Tech Mahindra contribute to 7 to 8 percent of the GDP. The entry-level salary is respectable, and also these companies solve the unemployment problem. Software engineers get employment, but the question is about growth. The top ten largest internet companies around the world come from the United States and China. The top ten software companies around the world come from China, South Korea, and Japan. Indian companies help in solving the unemployment problem but are not placed among the top ten companies. The per capita income of the average Indian worker is 1.25 lakh, and it is lower than the average salary of a software engineer that is 3 lakh rupees. This employability is the prime reason behind the respect of the software industry by the students and parents.
CA is the profession which expedites knowledge of finance. Top-level management requires the knowledge of chartered accountants in any company. Earning is the second question in the job. Grip over learning is required to become successful in any career. It is not right to compare two different courses without the relativity factor. So, both type of career requires good academic structure to produce successful professionals.