Difference between CA and MBA?

CA vs MBA – What’s your choice? It’s all about taking the right decision; it is your career after all. As a student from the commerce background you would have definitely considered two most important fields, of course none other than CA and MBA.

CA:

• The Institution of Chartered Accountant of India (ICAI) organizes CA
• To clear CA 3 levels need to be cleared that takes about 4 years and more to clear successfully, these levels are CPT, IPCC and the finals. CPT is a course of 2 years, IPCC is 1 year and so are the finals
• Each exam at each of the levels is of 3 hour duration. It takes at least 4 years to complete CA including all of the three exam levels.
• CA focuses on business environment and concepts, financial accounting and reporting, audit and attestation and regulations.
• CA: Public accounting, management accounting, government accounting and internal auditing.

MBA:

• There are a number of institutes that offer MBAprogram. However selected MBA institutes need to be studied and applied for.
• MBA is a 2 year course flowed by an internship program that gives the candidate exposure to the job they will pursue in future.
• MBA is a 2 year program
• MBA focuses on economics, accounting, operations and marketing along with a specialization that is chosen by the candidate as per preference.
• Managers, leaders, operations and sales heads, etc.

WHY PURSUE CA?

CA gives you the leeway of working in different industries and at different designations, which means you can choose what you would like to be after you successfully complete your CA. the choice is yours if you want you can set up your own firm or join an organization as a CA. There is a lot of demand for CA’s in the Manufacturing and the finance industry. They can work as auditors and also in increasing the company’s profitability and not only stick to number crunching and working on excel sheets or numbers alone. They can do much more than just be good with numbers. They can work with Equity Research firms, perform financial modeling and valuations.

WHY PURSUE MBA?

MBA gives additional value to your existing profession. This can be the best course for candidates wanting to sharpen their business and management skills. An MBA degree is internationally recognized as it trains you in economics, accounts operations and marketing. Besides you can also choose your field of interest to pursue your MBA specialization in. The internship part of the course gives the candidate exposure to the corporate world and the culture they need to work and live in.

Hello Gaurav,

CA and MBA are two different fields completely. Generally, students start appearing for CA just after their 12th by giving an entrance exam which is followed by IPCC which is the second level of CA exam and then comes the articleship where you are asked to get a training in any CA firm for 2 and half years before the Final CA exam but in a whole 3 years of articleship is expected. IPCC and CA final Exam consist of 2 groups which can be answered together as well as one after another. CA is a professional stream which helps you specialise in the finance field where you won't just read about accounting but also the corporate law and different subject which are complementary to finance. The role of the CA is mainly in auditing field.

MBA is the wholesome of diverse fields all together where you can specialise in any field of your wish. To do MBA you are required to give an entrance exams like CAT, MAT, XAT, IIFT, GMAT etc. After getting your result, you are asked for the interview and the written assessment or group discussion which take place before the interview but depends on the college preference. But to do CA you are not judged based on your 10th and 12th STD marks but for MBA your selection depends on your grades in 10th and 12th std. In MBA you will be reading different kinds of subjects like FINANCE, MARKETING, OPERATIONS, STRATEGY, HUMAN RESOURCE MANAGEMENT, PRODUCT MANAGEMENT, ANALYTICS, etc. which gives you freedom to choose unlike CA which focuses only on finance. Many Chartered Accountant opt for MBA after completing their CA to work in investment banks.

If in case, you have already completed your graduation and have a keen interest in finance and is sure of finance as a future then go for CFA which is though costly, but it will not take up your time like CA as a professional course. Generally, people doing MBA side by side give CFA exams who are really interested in finance to improve their opportunities of getting selected with good finance companies.

Lastly CA is about finance and MBA is the wholesome of everything.

Hello there,

A CA is a person who has to be good with Finance. Accounts being the major part for a CA it has to be good.

MBA on the other side has different streams.

One can do MBA in

Marketing

Finance

Human Resource

Operations

And many more.

CA is a more narrowed down field.

And MBA has a variety of options to select from.

It depends on the persons interest and personality in which stream he wants to go for.

I hope it helped

Thank you