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CERTIFIED MANAGEMENT ACCOUNTANT 37

for the respective degree programmes The main reasons for brain it could be a mismatch/misfit and
as envisaged and developed by the drain are better opportunities frustration at degree level.
academic staff from the very same Classes of society and financial
universities, thereby causing the for those scholars who go
system to be a failure. The AUCs abroad for various academic standing would have serious
were all converted to be conventional purposes, and the frustrations consequences when there will be
universities, with inadequate facilities and challenges they face when those with resources able to proceed
to grant degrees at that time. overseas for further education and
working in Sri Lanka. What can those possessing patriotism or national
Once again, a system of City Universities the government do to address mindedness would return to the
is being planned, and unless the career the issue of “brain drain”? motherland for better or for worse. There
paths of the diplomates are possible, will be those with sufficient resources
their success would be at stake, and Brain drain is a complex situation who would pursue further education
an excessive, poor quality, unplanned which exists at different ages with up to professionally recognized
aspirations, levels of education, and
number of graduates can be expected. overseas degrees locally, according
social classes in society, etc. to their competencies and aspirations,
Another reason for unemployability on Ages with aspirations – some followed with patriotism and desirous
one hand and shortages of graduates students at very early ages develop to remain in the country to contribute
on the other hand is because of ambitions. Due to competencies and for national development while others
irrational academic development in the availability of both personnel and who would be soon “drained out” of
some universities which are deviating national coaches, some of them are the country with their “brain gains” to
from their original objectives leading to realistic and some are not. It is here that greener pastures.
skills gaps and skills mismatches. “Career Tests and Career Guidance”
play an important role. While the “brain drain” could be due to
The main causes for these two some of the above causes and many
shortfalls are the lack or insufficient Levels of education in tertiary and other personal reasons, the irrationalities
industry interaction. These are not vocational education have opened induced at some universities of being
aspects which could be corrected by many opportunities for the youth up inconsistent with the very objectives
lectures but could be guided during to degree level. If rightly chosen, the they were established by the Parliament
industrial training. exit level could be profitable, otherwise of Sri Lanka could be made responsible

www.cma-srilanka.org | Volume 06 -No. 2 - September 2021