Executive Summary
As usual the CA Final Results created a bell curve of happiness for the candidates.
Like commodity prices, there is often a spike in CA Final Pass %. The trick is to stay invested and swim with the tide
Its 14,571 new CAs, ~15k CAs in a term since last 3 terms as compared to ~ 8k-10k usually earlier
So now we have ~15k CAs a term the new norm
However the Official Campus Placement process generates jobs for just ~3k candidates (3,180 acceptance for 49th Edition in February and March 2019)
Placements
In ICAI Campus Placement for Feb/Mar 2019, there were 3,815 offers and 3,180 acceptance with 139 companies participating. (Highest CTC of INR 22.5 lacs p.a. for Domestic and INR 36 lacs p.a. for International and average of INR 7.43 lacs p.a.) A chunk of this demand came from behemoth in the banking sector like ICICI Bank.
So, if we extrapolate that to the current lot, ~20% 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
Thanks & Regards!!
Sonia Singal: cajobportal.com | 9088026253 | 7003111142 || 033-26548755
Annexure
Thus 3,085/14,571 = ~21.7% of the CAs who qualified this term were those who took both groups and cleared them in single sitting. The ones who achieved this feat in the first attempt will be a tad lower than this.
This term sees a continued shift of examinees from Old Scheme to New Scheme. The former is now being phased out and May 2020 will be the last term.
