I have done my 12th (commerce) with 95.2%. Should I prefer CA or MBA from IIMs?

As far as I know, CA exam is much more competitive and tough than CAT. Nevertheless, you may wish to complete your CA certification and later on apply for MBA, many students do take that path.

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The difference between the CA and MBA is a bit like the difference between a five day test match and one day cricket. Acquiring a CA takes a lot of plodding and perseverance; at the end of the day, a result may prove inconclusive. The MBA, like one day cricket, is quick, glamorous and performers get faster recognition as stars. In case of CA and MBA, there is a difference. Both may join the same companies, but their job profiles would be completely distinct. This is not to say that one job is 'superior' to the other but the fact is that, starting as a CA you can expect to climb up the ladder upto the CFO position. While an MBA's career path could - in theory - lead upto CEO. There are notable exceptions such as Deepak Parekh of HDFC, but, generally, this holds true. Why MBAs are preferred the reason is simple: being CEO is about vision and leadership. This would require you - at times - to take a leap of faith, even when the numbers are against you. For example, you diversify into a new area of business. This may mean investing a lot of money, literally burning cash in the initial phase. It may look very bad on the balance sheet for a while, but there is a game plan and eventually it pays off. MBAs are exposed to all aspects of the business - their role is to take a bird's eye view of the organization. On the other hand, CAs are trained to look at the eye of the fish and they do a damn good job of it.

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