I think we are all missing the woods for the trees.

The main problem starts when the CA students think that they can skip articles and enter dummy mode. Last one and half years there were no takers for articleship vacancies in most of the tier 2 or tier 3 towns in India. Which means either they are all articled with firms in tier I cities or hav egone undeground i.e dummy. This no doubt has made a big dent in the quality of the CA professional passing out now. I am not specifically refreeing to anyone who have reaised or responded to this query, but stating the general state of the profession esp in the smaller and medium towns.

There are primarily two reasons why 100% placement did not happen this time like earlier versions

1. the supply exceeded the demand. i.e there were too many chartered accountants and too little requirements. thanks to a whopping pass percentage of 26%

2. I think the demand was not there this time not becos the industry does not want CA's any more but becos they were not prepared for such a huge turnout of CA's this time. They had neither the budget approval nore the requirement analysis whcih could allow them to recruit.

As rightly said even top candidates are cooling their heels this time. So the problem cannot be that of quality alone. Let's hope that our young brothers and sisters who are feeling left out do find their rightful positions in the industry.

BUt there is always an ALTERNATIVE. Practice of course. Although the path is not as rosy as a plum job in Stanchart or Infy or Wipro, in the long run you may even enjoy the freedom it gives u.

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