How Many New CA Qualified in 2024: ICAI Aims for 30 Lakhs CA’s

Congratulations to 31,946 new CA qualified in 2024! Get the latest updates on results, topper list, campus placements, career prospects, and ICAI goals by 2047.

On Thursday, December 26, 2024, the Institute of Chartered Accountants of India (ICAI) released the results of the Chartered Accountant Final Examination. There are 11,500 new CA qualified in 2024 for the position of chartered accountant.

The Institute of Chartered Accountants of India has disclosed the ICAI CA Final Result and list of CA qualified in 2024, with a total of 11,500 candidates qualifying as Chartered Accountants. The most recent data, however, shows that the real numbers are somewhat different, with 13.44% passing both groups, 16.8% clearing Group I, and 21.36% passing Group II. 

Highlights of CA Qualified in Nov Final Result 2024

Nov Final 2024 Exam Result Highlights
Participation in CA Final Nov Exam 2024 66,987 students for Group 1
49,459 students for Group 2
Pass Percentage for Group 1 16.80%
Pass Percentage for Group 2 21.36%
Pass Percentage for both groups 13.44% (4,134 out of 30,763)
CA qualified in November 2024 11,500

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All Over CA Result in 2024

The ICAI proudly announced that a total of 31,946 candidates successfully qualified as Chartered Accountants in 2024, marking a significant milestone in their academic and professional journey.

  • November 2024 Exam: 11,500 new CA
  • May 2024 Exam: 20,446 new CA

In a remarkable achievement, the ICAI welcomed 31,946 new Chartered Accountants, marking the highest number of new members since the COVID-19 pandemic. With 4.25 lakh members, the ICAI is currently the second-largest accounting organization in the world.  

Top CA Rankers in 2024

Heramb Maheshwari from Hyderabad and Rishab Ostwal R from Tirupati have jointly secured the prestigious All-India First Rank. Both candidates achieved an impressive score of 508 marks, equivalent to 84.67 percent, showing their exceptional knowledge and skills in the field.

Following closely behind the joint first rankers, Ahmedabad's Riya Kunjankumar Shah has secured the second position in the CA exam. Her impressive score of 501 marks translates to an outstanding 83.50 percent.

Kinjal Ajmera from Kolkata has also demonstrated exceptional academic prowess, securing the third rank with a remarkable score of 493 marks, or 82.17 percent. Their achievements serve as a testament to their hard work, dedication, and commitment to excellence. 

ICAI's Goal: 30 Lakh CAs By 2047

The ICAI has the largest accounting organization in the world; with 31 representative offices, 50 overseas chapters, 175 branches, and 5 regional councils, it keeps up its efforts to advance inclusive growth and improve the standing of the profession.

ICAI has set an ambitious target of creating a pool of 30 lakh chartered accountants to meet India’s evolving economic needs. Currently, the number of CAs registered with ICAI is around 3.8 lakh, with about 1.5 lakh in active practice. 

As of today, the ICAI boasts an impressive global membership of approximately 4,00,000 and around 8,50,000 active students. To attain its ambitious goal of 30 lakh Chartered Accountants (CAs) by 2047. 

An average of 130,000 new CAs must be produced by ICAI each year till 2047 in order to meet the ambitious target of 30 lakh CAs by that year. 

ICAI Campus Placement 

Qualifying as a CA is a great achievement, but the real challenge begins afterward, navigating professional complexities, applying knowledge, and adapting to industry evolution. ICAI’s 60th campus placement program sees remarkable growth:

Key Highlights:

  • A record 241 companies participated, marking a significant increase from 140 in the previous cycle.
  • A total of 4,782 candidates secured placements, representing a substantial 60% growth from 3,002 in the 59th cycle.
  • The highest domestic salary offered stood at ₹26.70 lakh per annum (LPA).
  • The average salary, however, experienced a slight decline from ₹13.24 LPA to ₹12.49 LPA

Conclusion

The year 2024 marks another landmark in the journey of the CA profession in India. With 11,500 new qualifiers, the CA community is expanding, slowly, towards ICAI’s ambitious target of 30 lakh Chartered Accountants by 2047. By addressing challenges and leveraging opportunities, ICAI is ensuring that the CA profession remains relevant and respected globally. For aspiring Chartered Accountants, the future is bright but demands perseverance, dedication, and a commitment to lifelong learning.

FAQs

What is the total number of candidates who qualified as Chartered Accountants in 2024?

A total of 31,946 candidates qualified as Chartered Accountants in 2024, marking a significant milestone for the Institute of Chartered Accountants of India (ICAI). This is the highest number of candidates to qualify as CAs since the COVID-19 pandemic. The ICAI has expressed its pride and congratulations to the newly qualified CAs.

Who secured the All-India First Rank in the CA examination?

Heramb Maheshwari from Hyderabad and Rishab Ostwal R from Tirupati jointly secured the All-India First Rank in the CA examination, scoring an impressive 508 marks (84.67%). Their achievement is a testament to their hard work, dedication, and commitment to excellence.

What is the current membership strength of the ICAI?

The qualification of 31,946 new CAs has taken the ICAI membership to an impressive 4.25 lakh, solidifying its position as the world's second-largest accounting body. This milestone is a significant achievement for the ICAI, which has been working tirelessly to promote the profession and provide opportunities for growth and development to its members.

What are the career opportunities available to newly qualified CAs?

Newly qualified CAs can explore a wide range of career opportunities in various industries, including auditing, taxation, financial services, and consulting. They can also work in government agencies, regulatory bodies, and non-profit organizations. The demand for CAs is high, and they are among the most sought-after professionals in the industry.

What is the significance of qualifying as a CA?

Qualifying as a CA is a significant achievement that marks a major milestone in one's career. It demonstrates a candidate's expertise, skills, and knowledge in accounting, auditing, and taxation. The CA qualification is highly respected by employers and industry stakeholders, and it opens up a wide range of career opportunities.

What are the future prospects for newly qualified CAs?

The future prospects for newly qualified CAs are bright, with a wide range of career opportunities available in various industries. With the increasing demand for CAs, they can expect high salaries, job security, and opportunities for growth and development.