Analysis of CA Final Results for November 2017

Executive Summary

Just witnessed the CA results day, almost flattish trends in Single Group Results as well as both group results as compared to May’17. It’s the last term where the Old Scheme was applied in totality. Commencing May’18, we will have the New Scheme and the Old Scheme will be phased out in 5 terms by 2020.

As usual it created a bell curve of happiness for the 109,135 candidates who took the exam in Nov’17. There are Rank-holders, First attempts, one group cleared and now a CA or one group cleared and none cleared, now waiting for 10.30 AM on 1st May 2018 to write the exam again.

30,054 candidates appeared for both groups. Of this, 22.76% i.e. 6,841 candidates have some reason for happiness. They have cleared either one or both groups.

(Last term the comparable number was 22.98% and so it’s almost flat)

Pass % for Group -1, was slightly better, 13.82% last term to 15.91% now

Pass % for Group -2 reduced a bit from 16.2% last term to 15.1% now

The results brings into the 280,000+ strong community, a fresh lot of 9,479 fresher Chartered Accountants.  (Last term the comparable number was 10,276, thus ~ 9 % decrease)

In the ICAI Campus process, ~ 1500 candidates secure job. The rest, who opt for industry, are absorbed in the off campus processes.

Trend in CA Final Pass % for Both Groups

Trend in CA Final Pass % for Both Groups

Since Nov’16, ICAI has started reporting the number of candidates who appeared for both groups and cleared both/one of them.

Thus, we now do not have any sense of the number of 1st Attempt Both Group CAs who are in the system.

What we know is that 6,841 candidates of the 30,054 candidates have cleared one or both groups.

5 year trend in Group Wise Pass%

Average pass percentage is 14.7% with standard deviation of 6.7% (10 terms)

Average pass percentage is 14.7% with standard deviation of 6.7% (10 terms)

Toppers

It is an All Boys dominated Toppers List and entirely from North India.

Mohit Gupta from Karnal, Haryana, who has topped the exams, has secured 73.38% marks.

He is followed by Prashant and Aditya from Delhi with 71.38% and 70.62% marks.

About cajobportal.com

We are group of CAs and IIMA graduates who launched @cajobportal in Aug’13 as India’s first recruitment site exclusively for Chartered Accountants. Our 5 member strong Advisory Board comprises of senior CAs and IIMA alums, including the co-founder & former COO of naukri (.) com

Service Offering

We work like tech enabled placement consultants and help clients recruit CAs in the junior and mid segment. We manage the process end to end from selecting and interviewing professionals to final onboarding. Payment is success based, a % of CTC if the candidate joins. There is no yearly subscription or retainer fee

Differentiators

Amidst stiff competition from well entrenched players in the industry as well as social media as a channel, our USP is our ability to provide ‘plug and play’ profiles as per specs, which can go as specific as “CA, 7 years PQE, FMCG, Plant Exposure, SAP, Target CTC < INR 32 lacs p.a.”

Apart from leveraging our portal, its database and traction on social media, our differentiator has been our ability to talk IFRS and GST as compared to just the clichéd CTC and notice period.

 Clientele

As on date, we are trusted by 100+ marquee brands in 6 countries.

Closures

So far, we have clocked a Billable CTC of INR 12.5 cr+ (ranging from INR 3.5 – 40 lacs p.a.) across Controllership, Audit, Taxation, Risk, Budgeting, Planning etc. across corporate headquarters, factories and regional sales offices

 Media Coverage

As a startup, we have been covered by the likes of YourStory, Rediff, Business Standard etc. http://cajobportal.com/milestones

Thanks & Regards!!

Sonia Singal : cajobportal.com

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