MBA vs CA which has more scope?
CA:
It is usually a two-year program whereas the Chartered Accountancy (CA) is a professional degree which can be started after you finish your 12thstandard.
SCOPE OF CHARTERED ACCOUNTANT (CA)
The Chartered Accountant designation is a highly respectable one, especially if you have cleared it all in the first attempt.
CAs may start their own practice after gathering some experience or opt to work with other reputed Chartered Accountants firm.
The choice is yours whether you are comfortable working in a small or mid-size private practice, auditing and consulting firms, the banking or the corporate sector. You may get a chance to work with the Big-4 or join any multinational organisation (MNC).
Almost every huge organisation has an Accounts or Finance department and its up to you to decide where to apply.
In addition to auditing, taxation, financial accounting, compliance with various regulations or cost accounting which you may already be conversant with during your articled training, there is a lot more knowledge and skills youll pick while on your job.
You may also be lucky to be offered roles in corporate finance or investment bankings.
CA SALARY
Some of the good companies offer an attractive starting salary for the right candidate.
The average starting salary may range between 6,00,000 to 7,00,000 Rupees.
Though bigger companies may pay a much higher compensation package, smaller firms would not be able to match this range.
MBA:
An MBA is a post-graduate qualification and can be taken up only after you complete your graduation.
SCOPE OF MBA PROGRAM
The MBA curriculum combines theory with various practical teaching methods. In addition to the lectures and seminars, there are the case studies and simulations, experiential learning and real world business projects which teach you to analyse and deal with a business situation holistically.
The international exchange programs give you networking opportunities and a chance to spend time at an international campus, get insights about another culture and their business scenario.
The electives are the various specialisations offered by the school. Some of the schools offer a wide range of electives that you can choose from as per your interests.
Reply
Dear aspirant,
Firstly, let’s get some of the facts right. An MBA is a post-graduate qualification and can be taken up only after you complete your graduation.
It is usually a two-year program whereas the Chartered Accountancy (CA) is a professional degree which can be started after you finish your 12th standard.
For completing your CA, you don’t have to attend any college or be affiliated to any university. Instead, you are required to register yourself with the ICAI (Institute of Chartered Accountants of India).
A majority of students take up CA studies as well as complete their B.Com. The BCom is a graduation degree granted by the University whereas the CA is self-study based (or you may take external help through prep classes) and you can complete it at your own pace.There are many students who may complete their CA and then also plan for an MBA some time later after a few years of working.
The Chartered Accountant designation is a highly respectable one, especially if you have cleared it all in the first attempt.CAs may start their own practice after gathering some experience or opt to work with other reputed Chartered Accountant’s firm.
The choice is yours – whether you are comfortable working in a small or mid-size private practice, auditing and consulting firms, the banking or the corporate sector. You may get a chance to work with the Big-4 or join any multinational organisation (MNC).Almost every huge organisation has an Accounts or Finance department and it’s up to you to decide where to apply.
In addition to auditing, taxation, financial accounting, compliance with various regulations or cost accounting which you may already be conversant with during your articled training, there is a lot more knowledge and skills you’ll pick while on your job.You may also be lucky to be offered roles in corporate finance or investment banking.
The average starting salary may range between 6,00,000 to 7,00,000 Rupees.Though bigger companies may pay a much higher compensation package, smaller firms would not be able to match this range.
An MBA gives you a wide range of options to choose the career or industry that suits you the best. Some of the various career paths you can opt for include: consulting/strategy, entrepreneurship, finance, technology, operations, human resources and marketing.
India is among the top 20 major MBA markets, however, MBA salaries in India are among the lower ones in the salary trends report, at an average of about $57K, including the average bonus.
Lastly I will say that it’s purely based on your interest and the area you wish to work in. The scope of work for a CA is mainly in the field of finance and accounting area whereas MBAs have more diversity to choose from.
There are CAs as well as MBAs who have climbed up the ladder and reached higher positions, though we may say that in certain areas like investment banking, financial consulting or mergers and acquisitions, an MBA would be preferred than a CA.
On the other hand, there are instances of CAs who have picked new skills while on the job and handled greater responsibilities than someone who has an MBA degree.There are also CA professionals who apply to international MBA programs to have a shot at a global career.
So, we can sum up that a lot depends on the nature of your job, the related responsibilities and the learning involved.
Hope the answer is helpful.
All the best!
