Understanding the Stipend or Salary in CA Articleship: Factors and Variations

For prospective candidates delving into Chartered Accountancy (CA) articleship, a common concern is the stipend or salary offered. This article aims to provide clarity on the stipends and salaries associated with CA articleship, with specific examples from Chennai. Additionally, we'll discuss the salary expectations based on the size of the firm, location, and the new scheme.

Stipends in Chennai

In Chennai, applicants who have successfully cleared both groups of the CA Intermediate exam on the first attempt can expect a stipend of Rs. 8000 per month. If the clearance is not in the first attempt but still successful, the stipend drops to Rs. 5000 per month. For candidates who have cleared only one group, the stipend is set at Rs. 3000 per month during the articleship period. Direct Entry Students will receive a similar stipend until they complete both groups of the CA Intermediate exam.

Interested candidates seeking articleship under ICAI (Institute of Chartered Accountants of India) rules in Chennai can send their resumes to the email address provided on the website or in this profile.

Stipend Based on Firm Size and Location

The stipend for CA articleship can vary significantly based on the size of the firm and the candidate's location. Here’s a breakdown:

Big4 or Top Firms: First-year stipends can range from INR 13000 to INR 15000. In the third year, this may increase to INR 20000 or more. Mid-Size Firms in Metro Cities: Stipends here are typically between INR 8000 and INR 12000 per month. Mid-Size Firms in Tier-2 or Tier-3 Cities: The stipend may be lower, ranging from INR 5000 to INR 8000 per month. Small Firms: Stipends range from INR 3500 to INR 8000 per month.

Personal Testimony

A personal response from a fellow aspirant confirms the variable nature of stipends: "Yes, in articleship you may get a salary which is commonly known as STIPEND, and there is no fix amount as it’ll defer from firm to firm. For example, if you get in big4, it will range between INR 10000 - INR 20000, and in mid-size firms, you probably get INR 5K - INR 6K. Hope it helps! Ps: It might change with the effect of the new scheme."

Conclusion: Stipend Expectations

Aspiring candidates in CA articleship should be aware of the stipend or salary they can expect, which is influenced by various factors. It’s crucial to research the firm, understand its reputation, and ensure that the stipend aligns with their expectations.

For more detailed information and the latest updates, visit the official websites of the firms or contact the ICAI for further guidance.