Analysis of CA Final Results for Nov 2020
As usual the CA Final Results created a bell curve of happiness for the candidates.
This was a term for the brave hearted – the 113,034 students who appeared for the exams in spite of the negativity surrounding the conduct of exams in the midst of Covid19. The spike in number of examines was because the May 2020 was cancelled due to Covid19
Its 11,067new CAs, as compared to ~14,575 CAs in a term since last 3 terms. This is a whopping 24% dip.
However, the Official Campus Placement process generates jobs for just ~2.5-3k candidates (2,392 jobs amongst 9272 candidates in the edition of February and March 2020)
In the Old Scheme, toppers were Essakiraj A, Sripriya R and Mayank Singh from Salem, Chennai and Jaipur, respectively
In the New Scheme, toppers were Komal Kishor Jain, Mudit Agrawal and Rajvi Bhadresh Nathvani from Mumbai, Surat and Mumbai, respectively
None from Kolkata – the global headquarters of CAJobportal.com L
In ICAI Campus Placement for Feb/Mar 2020, there were 2,392 acceptances with 139 companies participating.(Highest CTC of INR 23.28 lacs p.a. and average of INR 8.91 lacs p.a.)
So, if we extrapolate that to the current lot, ~21% of the cohort can be placed through campus.
The rest, who opt for industry, are absorbed in the off campus processes through direct applications and through agencies like cajobportal.com
If you are seeking to recruit through domain specialists like cajobportal.com on a ‘success fee’ basis, you can recruit quicker and without the fixed fee that ICAI charges
125+ companies in India have used cajobportal.com in the past for hiring CA freshers and laterals, on a purely variable fee model
This term sees a continued shift of examinees from Old Scheme to New Scheme. The former is now being phased out and May 2021 will be the last term. So, more CAs in Old Scheme were seen – 5,675 in Old Scheme and 5,392 in New Scheme.
There was a huge dip in the pass percentage for Group 1 and a spike for Group 2 (weighted average across Old and New Scheme)
Thanks & Regards!!