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Campus placement-mumbai

Jenish (Articled) (41 Points)

12 August 2011

Dear Friends, the Vacancy available in the placement of Aug`11 is for approx 350 C.A`s and the Total Number of C.A.`s apllied for is almost 3500.........Happy Placements.......Passing in the Interview is more difficult than passing Final Exams

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11 Replies

Tejas (M.Com CA CS CFA (US) Prog. Grad..) (354 Points)
Replied 12 August 2011

True.

Very disappointing from the ICAI

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GAUTAM DEY (Be Patient, Live Life) (17309 Points)
Replied 12 August 2011

Originally posted by : Tejas
	True. Very disappointing from the ICAI

Savvy (Student) (87 Points)
Replied 13 August 2011

Its disappointing to the students in either way. If the passing percentage in Final is high, a large number of fresh CAs face disappointment in interviews. On the other hand, if the passing percentage is low, the students face disappointment for not having the degree of CA.

Chirag Goel (student - CA, CFA) (228 Points)
Replied 13 August 2011

Chartered Accountant profession in itself is one of the most pretigious and ethically practiced profession in the country. The very devalued aspect of the profession is a results of the ICAI not taking actions which the members and the students demand.

The demand for CAs in India is more than the number of CAs becoming each year. Due to a rude approach inherent by tradiation of ICAI, they have not been able to maintain a friendly and co-operative relationship with the industry. Besides, they need the govt.nod on evvery step they want to take.

If the primary body (ICAI) wants its brand to be the best among all professional courses in India, it must strive to take steps regarding placement as well.

v.yasaswee (CA FINAL) (151 Points)
Replied 13 August 2011

Is this true, what about the the vacancies availability in other cities ,

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Tejas (M.Com CA CS CFA (US) Prog. Grad..) (354 Points)
Replied 13 August 2011

350-400 vacancies are for Mumbai jobs. Other cities are not included in that figure. Most people from Mumbai are not willing to move out of the city. On the contrary, people from other cities/towns are more likely to want to move to a job in Mumbai

CA Adithya Murali (Senior Associate Analyst) (119 Points)
Replied 13 August 2011

The time and the market is the cause. Last time the companies were on a hiring spree and not everybody wants to make an investment in human capital again after a 6 month gap. Many industries are in fact laying off employees. For Example I have signed up for chennai placements. 15 companies have come for the placements as against the 25 last campus.

I have got 4 shortlists but i have a 64.5% in my final first attempt. Last time friends of mine got close to 15 shortlists so its all the market and the time so no blaming ICAI. We ll have to do best with the available opportunities. All the best to all :-)

Tejas (M.Com CA CS CFA (US) Prog. Grad..) (354 Points)
Replied 14 August 2011

The time and market is always going to fluctuate. Thats common sense. It was known that many companies have overhired in the first quarter of 2011 and many may not be hiring again, that too in view of the inflation figures and declining credit availability, and reducing profit margins now.

If this was known, then why the charitable 20.59% CA Final result? If the ICAI apparently looks at the so-called "demand-supply", then why did they supply when there was no demand?

Theres a lot to blame ICAI. Of course there are no answers as always.

Akshay Jain (CA) (22 Points)
Replied 14 August 2011

It is correct that Demand of the CA's is very high but step taken by ICAI is not good because it will decrease the value of CAs. This time many CAs have been cleared which have not expert knowledge. We will not found the desired qualities that we want to see in a CA.

Akshay Jain (CA) (22 Points)
Replied 14 August 2011

Originally posted by : Savvy
	Its disappointing to the students in either way. If the passing percentage in Final is high, a large number of fresh CAs face disappointment in interviews. On the other hand, if the passing percentage is low, the students face disappointment for not having the degree of CA.

At least CA institute should fix the pattern of result, one time they declare 3% result and one time 21%.