What is average and highest salary package offered in ICWAI/CMA Campus Placement?
If you are doing CMA/CWA then you can relate this question. This is the most frequent and common question that CMA Student will come across on the Internet. Some people will say it is around 10 lakhs pa whereas other will say it is around 6 lakhs pa. A lot of sensation is going on this question. But till date, no one has cleared this question perfectly.
Today, here, I will share the honest answer to this question. To know the answer please read below.
It is true that the highest salary offered to CMA student on campus is around 10 Lakhs. This was the amount that was offered to me in 2014. I am sure now the company will be offering greater than this.
Further, Neyveli Lignite Limited (one who had hired three students from SIRC) has offered a package of 13 Lakhs.
So, it is true that companies coming to campus offer the highest package of around 10 to 13 pa.
But wait......there is a twist in this answer.
Only a few companies coming to campus offer this salary. In 2014, out of three companies, only one company has offered this package. The name of this company was ITC Limited. Rest of the companies has offered a salary of 7 lakhs pa.
In 2014, out of 200 students,2 students were selected by ITC Limited at 10 lakhs Package, 22 students were selected at 7 lakhs package and rest were not selected at all. This is the status of Western Region only.
So, here it is important to note that only exceptional public limited companies are providing this package. These companies are ITC Limited, HUL, Nestle, Neyveli Lignite, Coal India etc.
I know, now many questions are coming to your mind like
It is fair to say that the highest package offered in CMA Campus is 12 Lakhs?
Why are the same data not available with the Institute?
Let me answer this queries one by one.
Yes, I will still say the same answer. The highest salary offered to a CMA Student in campus is 12 Lakhs. It does not matter whether this is offered to a single student or to all. All the student coming to campus are getting this opporunity. So, it is fair to say that the highest package offered to the student is 12 Lakhs.
7 lakhs package is the average salary offered to the CMA Student in the campus.
Now, coming back to your second question about Institute Data. Why this data is not available with the Insitutute? You will not get this data though you filed the RTI to Institute. This is because, all the companies coming to campus are not provding this data to the institute. So, Institute is not aware of the students getting selected by the company.
This is the only reason why institute is not providing any salary data on campus?
Here, I would also like to share that I do not want to mislead any student through this post. My only intention is to motivate you. I know it is not possible for every student to get the highest package in the campus and the average salary offered to the students is too low. So, it is not fair to say that companies coming to campus provieds such a huge package.
But let me tell you, Even I was an average student at the time of my selection. I had scored only 57% in my group 4 final exam and was completely fresher during the campus. Of course, I am not a rank holder. The only thing which was unique to me was I had MBA in Finance as well. So, my communication skills was better than other students.
Hope, now your queries related to campus is cleared now. If you still have any query then feel free to contact me. You can reply to this post and share your query.
All the best