TCS Receives Flak Over Rs 3.86 Lakh Fixed Salary to CAs in Mumbai During ICAI Campus Placement

Tata Consultancy Services (TCS) is offering just Rs 3.86 lakh annual fixed salary to qualified chartered accountants (CAs) in the latest campus placements at the Institute of Chartered Accountants of India (ICAI). Of the total cost-to-company (CTC) of Rs 7.5 lakh annually, TCS is offering a variable salary of Rs 2,63,348.

According to a TCS hiring notice, the job role being offering by the company is ‘Assistant System Analyst- Trainee’, for which interviews are scheduled for September 10, 2024.

Reacting to this, X user CA Himank Singla in a post said, “It is very disheartening to see the recent ICAI campus placement drive, especially considering the salary that TCS is offering to qualified CAs! For such a bumper result, are we really now seeing the demand and supply nexus affecting newly qualified CAs?”

Another X user, named mayank jain, wrote, “TCS offering fixed pay of Rs 3.8 lakh is a mockery of our hardwork & profession. A Bcom graduate earns more than that. what are the steps ICAI and CCM taking? The min package should be revised to at least 11-12L p.a for metros.”

Meanwhile, Cognizant also recently offered Rs 2.52 lakh annually for an IT job. The hiring drives received flak from netizens.

“Coginizant has announced an exciting off-campus mass hiring drive, welcoming applications from candidates belonging to the 2024 batch. Application deadline – August 14. Package – Rs 2.52 LPA,” according to a recent post by ‘Indian Tech & Infra’ on X.