CA vs MBA, Choosing the best out of both is complicated. CA and MBA are the most opted career options by a commerce graduate. However, both the courses CA and MBA are equally reputed, prestigious, and highly demanded.
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Furthermore, it takes 5 years to become CA in India and 2 years for an MBA degree, but the MBA investment is around 15-20 Lakhs, and the CA Course fee for 5 years is 2-3 Lakhs.
But the question is still the same CA or MBA, which is best. As nobody wants to take the risk with the career, we, the CA wizard team, are here to guide you about the Course, its basic details, salary, and Scope.
Now, let’s look at the overview of both courses.
CA vs MBA: Overview
|Course Fee||The course fee for CA is economical compared to MBA.||For a MBA degree from IIM 20-30 Lakh is required.|
|Pass Percentage||The pass percentage of 3-5%. Out of 100 only 3-5% are able to be a certified CA.||90-95% usually pass this course.|
|Career Options||There are limited career option for a qualified CA.||There are ample options for a MBA graduates.|
|Difficulty Level||Tough||Moderate Level|
Moreover, in India, CA’s employment rate is more than an MBA’s. You might have never heard that CA is unemployed. CA’s are the diamond in India. But, there are a lot of MBA graduates who are unemployed. Now, let’s see the basic details of both CA and MBA courses.
1. Chartered Accountancy (CA)
Chartered accountancy or CA is the Course owned by the Institute of chartered accountants of India. The CA is responsible for handling the accounts and auditing financial statements. However, CA is the only person in India who audited the company’s financial statements.
The CA Course consists of three levels- CA Foundation, Intermediate, and Final. However, a candidate must pass all three levels with an aggregate of 50% to become CA in India. Moreover, the candidate must also complete three years of Articleship Training.
There are limited career options available for CA.
- Internal Auditor
- Banking and Insurance
- Handling Accounts
- System Audit
- Handling the company’s legal matters
- Advisor in Direct and Indirect tax
- Handling Transfer pricing
- Auditing Financial Statement
As talked above, the average CA Salary in India is about 7-8 Lakhs for fresher, and an experienced CA gets 28-30 Lakhs and increases as per their skill and experience.
Firstly, the full form of an MBA is a master’s in Business Administration. The MBA is a postgraduate degree that can only be chosen after graduation. However, an MBA degree is provided by all universities worldwide. Moreover, to get admission to the IIM for MBA, the candidate needs to score high in CAT, and the tier-1 colleges conduct their exams like XAT, SNAP, MAT, CMAT and more.
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Furthermore, after getting an MBA degree from tier-1 colleges and IIM, the candidate quickly gets 15-20 Lakhs as their starting salary.
There are various career opportunities available for a MBA student.
- Marketing Manager
- Financial Advisor
- Human Resource Manager
- IT/ Operations Manager
- Investment Banking
The salary of an MBA graduate is 15-20 Lakhs if passed from IIM’S, but most MBA graduates remain unemployed or get a job between 3-4 lakhs.
What is the difference between CA and MBA?
There are a lot of many differences between CA and MBA; let’s have a look at some of them.
|Duration||The total CA Course Duration is 5 years.||MBA is a two-year degree program.|
|Eligibility||One can enroll for CA Exam after the 12th.||Bachelor’s degree is a must for MBA|
|Levels||3 Levels||4 Semesters|
|Job Opportunities||A CA will definitely Gets a Job||MBA graduates other than IIM and tier-1 colleges are unemployed.|
Moreover, besides these differences, the essential difference between the two is that both provide studies in Finance. Now, what is the difference between CA vs MBA in Finance?
CA is studies of Finance; it provides deep knowledge of financial studies and enables the candidate to face real-life challenges. Moreover, CA is the only person in India who audits a company’s financial statement. Whereas MBA in Finance majorly includes the theoretical knowledge of Finance and Management.
In the above article, you must have read all the details related to CA vs MBA. This article will help in guiding the students to choose the right course between CA and MBA. Moreover, CA and MBA are both the most challenging Course, but both these courses are valuable and worthful. Choose the best Course that fits your choice and work hard to earn your degree.