ICAI Campus Placement January 2024 | Everything you must know | Tips and Tricks
Introduction
- Institute Of Chartered Accountants of India which is set up by an act of parliament conduct placement opportunity for the Newly Qualified Chartered Accountants through Campus Placement Programme.
- It is held twice a year in the month of September and January
- ICAI act as facilitator between big corporates, Consultancy firms etc. and Qualified CAs for smooth onboarding process.
- Candidates would get better package IN the campus as compared to Off campus.
Purpose of campus placement
- Chartered Accountants are the members of the prestigious ICAI, So ICAI provide platform for their members so that they can get onboard in different sectors.
- It also provides platform for employers, make them easy to get best new talents and recruit the suitable one who is best suited for them.
Process of ICAI Campus Placement
- The whole process will be conducted online.
- Chartered Accountants have to register through ICAI web portal (CMI&B)
- Once registration is successful, employers will shortlist candidates as per academic marks, experience, any rank etc
- Shortlisted Candidates will get tentative interview date and Institute facilitate face to face interviews in the metro cities
Participation
- Chartered Accountants qualified in May exams can intake for September Campus Programme and those who qualified in November would register in January Campus Programme.
- Those Candidates Qualified in November last year but article ship is not completed till January can register themselves in September Campus. For e.g. If a candidate clear final examination in Nov 2021 but not appear in January 2022 Campus programme due to non-completion of article ship. He/She can intake for September Campus Registration in 2022. Same goes for May attempt Candidates
- Those candidates have not attained 21 years of age, they have to seek special permission from CMI&B
Interview Centers
- Institute conduct interviews in two parts-One with Big center and second one in Small Centers
- Big centers are main center which is conducted in metro cities like Delhi, Bangalore, Chennai, Kolkata, Mumbai etc.
- Candidate who doesnt get selected in big center they can get another chance in small center like Noida, Chandigarh, Indore etc.
- Employers as per their business need visit big centers and hire best professionals.
- Registration is done separately for big center and small center.
- Candidate will get tentative 1 month gap in registration for the both the centers.
Registration Fees for ICAI Campus Placement
- Registration fee of Campus Placement Programme is RS.500.
- If candidate selected in campus programme and fails to join the organization, ICAI will charge fine Rs.5000 from that candidate.
- ICAI also charge the fine as per discretionary if candidate will not honour campus rules
Registration Rules for Campus Placement
- After passing final examination, candidate has to secure membership number or has to provide tentative date for securing membership number
- All the certification has to be done like MCS and Advance ITT. Their respective number has to be provided in the registration form
- Dress Code has to be followed laid down by institute
- Short listing status of the companies will go on candidates respective portal login.
- Candidate can choose maximum of four companies of their choice for attending interviews and give consent to the companies.
- Before Campus placement, ICAI conduct Orientation programme in every metro city. This Orientation is to check your status your identity and will train you how to represent among employer panel. This is done one week before Campus Interview date.
- Candidate has to give consent if got selected in the interview. If you give consent, then you will not able to attend other three interviews. There is much difficulty to give consent in the very first company, so it is advisable to go for first corporate which candidate wants to join.
- Meals would be provided by Instituteto the candidates in the campus center
- Please refrain from Campus process if candidate do not want to do job. Only registered candidates are allowed to enter the campus placement.
- Candidate should take original Documents along with registration form in the campus.
Packages offered in Campus Placement
- Candidate would get a handsome package in the Campus. Many foreign MNC also participate in programme and offered more than 30 lakhs package.
- Rank holders Candidate would get more than 15 Lakhs package as per their skills, some get over 20 lakhs also.
- Average package today in campus programme is 9-10 Lakhs
Suggestions
- In many Centers there is a lot of hustle bustle among the candidates which create demotivation among candidates. It looks like Fish market in the Campus
- Preliminary tests or Group Discussion should be conducted before giving face to face interviews.
- At some centers Proper Management is required which ICAI should take care of it in terms of meals, in terms of eligibility criteria etc.
- Some situations are really bad for candidate which ICAI should think upon it E.g.,Candidate get shortlisted for interview and at the time of interview they said they no longer going to take interviews our vacancy full in other centers. These vacancy criteria and all that should take care by ICAI.