I have done B.Com. Which course should I do for a bright future among CA and MBA?
Asked by nilay nahar
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Dear friend,
As per my knowledge and experience, she is a reputed course and once you have completed, you will get job but today, the competition for CA is very tough. Do you have to crack the entrance examination? It is very hard and very difficult.
Thank you. -
It depends on your area of interest and aptitude. If you like accounts and see yourself doing audit of a firm, CA is a very lucrative career. Many pursue CA with MBA (Finance) as well. If you like management and wish to explore specific specializations like human resources, marketing, etc., MBA makes sense, but MBA from a reputed institute having good placements makes sense. Otherwise, the degree is a waste. -
MBA from top university, or I would advise you to go for MBA from tier 2 college like Doon Business School or others and simultaneously CFA as well.
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In my opinion, an MBA definitely has more scope than a CA due to the following reasons:
Most of the IIMS and other good B schools prepare you for general management. They teach you the basic skills needed for each kind of management role, and then you are allowed to specialize in your desired stream later. This gives you a much broader exposure, while a CA restricts you more or less to an accounting role. If you have an MBA, chances are your career progression will be faster as compared to those who don't. This should be true in most of the careers. An MBA is extremely hectic, and the rigor of the programme teaches you a lot of extremel...more -
MBA is a Masters degree and CA is a professional membership certification. CA can also be pursued along with or after completing a regular course and may be preferred if you have plans to offer consultancy services too.
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According to my point of view, CA is a long term program and no one knows whether they will be able to achieve it or not. But if you have confidence then it is great. MBA on the other hand has same amount of risk but it is time bound and we can get confidence from our professors. This is the only difference between both. Many will say that you must take the one you are interested in. I will also recommend the same as both will have their share of gains and risks.
Thank you. -
Both are professional courses. You can get direct entry for CA after completing graduation, if you have scored 55% marks. In CA, you have to spend around Rs.2.5 lakhs (Coaching and study materials), which is lesser than Rs.15 lakhs to Rs.20 lakhs for MBA.
You can complete your CA in 4 years on the premises that you don't get struck in any groups, but in MBA, you only need 2 years to complete.
In CA, you have to study a lot as compared to MBA. -
CA is a professional qualification and has more weight age from a qualification perspective. It makes you a specialist in the accounts & finance domain and you can also start your own practice. Whereas MBA gives you exposure to general management principles and gives you an opportunity to explore a career in general management. The decision here would depend a lot on your interest areas and career aspirations. -
CA & MBA both are two different careers, MBA is quite different from CA. MBA's are higher at communication skills, the courses are higher designed to know the worldwide economic state of affairs and that they are trained to be a visionary and leader right from the beginning of their course. MBAs are exposed to varied aspects of the business and thus are higher equipped to require choices that come to the longer term direction of the corporate. Whereas CA specializes in area of finance and accounts and might expect to rise to the ranks of business executive of the corporate. Both are rewarding careers. But when you hold MBA with B.Com D...more -
Its better to do MBA for your bright future. The MBA degree can have a specific focus, such as accounting, finance or marketing. The scope depends on the institute from where you do your MBA. If you can manage to get your MBA from Iims (A, B, C, K etc.), ISB, and other top institutes, MBA is always better than CA. The kind of professional networks you build during an MBA will stay with you for the rest of your life and will help you whenever you need professional help or favours.
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