Demand for these professionals rise substantially, average salary for freshers rise to Rs 9 lakh

New Delhi, 13-Oct-2020

Demand for chartered accountants (CAs) has gone up substantially this year as companies are looking for people who can be a complete business solution provider adhering to all available tax laws. According to a report in the Times of India, there has been a 37% increase in demand for CAs this year, leading to an increase in their pay package also. In a first-ever virtual campus placement programme concluded last month, 2,923 jobs were offered for fresher CAs compared to 2,135 in the previous year. The average annual salary offered also rose to Rs 8.9 lakh from Rs 7.4 lakh last year, the publication mentioned. Atul Kumar Gupta, president at the Institute of Chartered Accountants of India (ICAI) saying, �Their (CAs�) role is more important in the current circumstances." Today�s CAs can be a complete business solution providers and companies across sectors are looking for �sound professional advisers who can manage their finances and working capital, thus providing a lifeline to other functions�, he added. The maximum salary offered to a CA fresher for a domestic position this year was Rs 23.3 lakh as compared to last year's rs 24 lakh per annum. Worth mentioning here is that ICAI does not disclose the details of salary packages. Not only freshers, demand for experienced CAs also rose this year. In ICAI�s jobs drive for experienced CAs held in September, the number of recruiters doubled and listed vacancies are reported to have grown four times as compared to the previous year.