[cajobportal Insights] Analysis of CA Final Results – Nov 2018

Executive Summary

As usual the CA Final Results created a bell curve of happiness for the candidates. There are Rank-holders, First attempts, one group cleared and now a CA or one group cleared and none cleared, now waiting for May 2019 to write the exam again.

It is a matter of great pride that it’s a son of a tailor from Kota Rajasthan, Shadab Hussain, who topped CA exam in first attempt with a whopping 75% score. Speaks volumes about how this course empowers the not so economically fortunate class in India

Like commodity prices, there is often a spike in CA Final Pass %. The trick is to stay invested and swim with the tide

Its 14,969 new CAs, ~50% more than the usual average

Was it a generous ICAI or more sincere students, that only time will tell!

For candidates who appeared for both groups,   ~41% candidates have some reason for happiness. They have cleared either one or both groups.

For those who took only one group, trends again witnessed a huge spike

CA Foundation Level

Not sure why the results for CA Foundation spiked to 44% from 19% last term. Not sure how strong is the filtering process. Or is it that the candidates became more sincere J

Placements

In the ICAI Campus process in Aug/Sep’18, 1593 jobs by 111 companies were offered (Highest CTC of INR 22.62 lacs p.a. for Domestic and INR 35 lacs p.a. for International) [1]

So , if we extrapolate that to the current lot, ~10% 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

This term ICAI placement season is as follows: [2]

[1] https://www.icai.org/post.html?post_id=15263

[2] https://cmib.icai.org/postedcontent/adminuploads//Announcement%20%20FM-19.pdf

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 | 9836056252 | 033-26548755

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. The data is as follows

Appeared for Both Groups Old Scheme New Scheme Total % of Total
Cleared Both Groups   3,383 670 4,053 15.2%

 Thus 4,053/15,969 = ~27% 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

5 year trend in Group Wise Pass% (Old Scheme)

Toppers

Now you have to reckon with 2 list of rankers – New Scheme and Old Scheme

It is an All Boys dominated Toppers List

 

About Us

I am the founder of  cajobportal.com – India’s first recruitment website exclusively for Chartered Accountants. We are a group of CAs and IIM Ahmedabad graduates, mentored by an Advisory Board comprising of senior CAs, IIM profs and alums, incl. the co-founder & former COO of naukri (.) com

We help 125+ leading companies like yours recruit CA, CS, CMA and MBA (Finance) ; both freshers as well as lateral hires.

This is basis strict filters which could be as exacting as “CA, 7 years PQE, FMCG, Plant Exposure, SAP, Target CTC < INR 32 lacs p.a.”

We don’t sell our data nor job listings on cajobportal.com. Rather, we have bundled the online and offline part of the recruitment cycle and seek to deliver tangible outcomes i.e. candidate joining your company.

When you give us a mandate on email, we post it online, technically screen the profiles and handle the interview co-ordination logistics for you.  You pay us a % of CTC when the candidate joins your company.

What is our value proposition?

 The “cookie cutter” approach to recruitment entails calling up a candidates and asking “CTC, location and notice period”. Each of our recruiters is a CA/MBA, we can talk Valuation, IFRS and GST instead.  So, our technically screening can easily eliminate candidates who have merely stuffed keywords in their resume.  Thus our conversion ratios have been 4X that of competition.

With our finance domain centric approach to recruitment, we perform better on KPIS like Quality of Hire and Time to Fill.

Add to this, the advantage of accessing our internal database with 50k CAs registered on cajobportal.com.

Our clientele includes the following

  1. a) FMCG: Unilever , P&G, ITC, Pernod Ricard and Britannia
  2. b)BFSI :HDFC, Angel Broking, NSE, Goldman Sachs, Credit Suisse and Fullerton
  3. c)Manufacturing: RPG, Raymond, Philips, Birla Corp, Titan and Caterpillar
  4. d)IT/ITES:  TCS, HCL and Wipro
  5. e) Startup Space: Wildcraft, UrbanLadder, Wow Momo

Thanks & Regards!!

Sonia Singal: CA Job Portal

7003111142 | 9088026253 | 9836056252 | 033-26548755

Experience Cerebral Recruitment!

Our brochure – https://goo.gl/AWVSJy