Options galore for CA topper but Mumbai girl to stick to articleship for now
The Mumbai auto rickshaw driver’s daughter who pipped about half a lakh aspirants to emerge as topper in All India Chartered Accountancy (CA) examination would not have to sweat around to land a decent job offer.
Prema Jayakumar, who topped the exams held in November last year, though, is sticking to her articleship for now before grabbing offers that are likely to be showered on her soon.
Her father earns Rs 15,000 and she gets Rs 5,000 for her articleship since she was preparing for her CA exams.
According to E Balaji, MD & CEO at Randstad India Ltd, a leading HR firm, CA exam toppers are normally offered packages of Rs 8-10 lakh per annum.
Demand for CAs has been increasing across sectors, but still the Big Four -- PWC, Delloite,Ernst and Young, and KPMG – are the major recruiters of CAs.
These firms offer accountancy and professional services, offering audit, assurance, tax, consulting, advisory, actuarial, corporate finance and legal services.
“The salaries of CAs have been increasing at a rate of 15-18 per cent year over year, while the general salaries are increasing at the rate of 10-12 per cent,” said Balaji.
Prema completed her Third Year B Com exams with 90 per cent marks from Nagindas Khandwala College, University of Mumbai and stood second in the university. She completed her M Com from the University of Mumbai, and took help from coaching institutes for her CA exam. In the CA entrance, she scored 607 out of 800, securing 75.88 per cent in her first attempt.
The all-India second rank holder is Indana Ashok Kumar, resident of Rajamahendravaram in Andhra Pradesh, who scored 602 (75.25 per cent) while the third rank holder is Gnanasampath M from Coimbatore who scored 593(74.13 per cent).
At the November 2012 exams, 48,320 students appeared for the group-I papers, of which 13,193 passed, registering an overall pass percentage of 27.30 per cent. For the group-II exam, 51,906 candidates appeared and out of that 11,341 passed with an overall pass percentage of 21.85 per cent. Of the 29,339 students who sat for both group exams, 3,804 candidates passed registering a total pass percentage of 12.97 per cent.
(Edited by Prem Udayabhanu)
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Ernst & Young (EY) is one of the largest professional services firms in the world and one of the Big Four auditors, along with PricewaterhouseCoopers (PwC), Deloitte Touche Tohmatsu (Deloitte) and KPMG. According to Forbes Magazine, as of year 2007 it is also the 7th largest private company in US. Ernst & Young is a worldwide organization consisting of a number of member firms. Ernst & Young is a global leader in assurance, tax, transaction and advisory services. They provide global services in four main areas - Assurance, Tax, Transactions and Advisory.
KPMG India Pvt. Ltd. is a financial and business advisery company. It offers financial advisory services, business advisory services, tax and regulatory services and risk advisory services. The firm also provides management consulting services, mergers and acquisitions advisory services, public-private partnerships solution services, risk consulting services, transaction and reconstruction services, sales and divestures solution services, tax professional services, domestic and indirect tax services and payroll services as well. It caters to the requirements of building and construction; transport, leisure and sports; media, private equity, life science, education, healthcare, telecommunications, technology, public sectors enterprises, consumer markets, defence and aerospace; energy and natural resources; family enterprise, financial services and government. The company was founded in 1993 and based in Mumbai, Maharashtra.
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