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Ca or mba

Kshitij Saxena (Student) (30 Points)

05 May 2014

I am a CA final student and have my area of interest in hardcore finance.I am in a fix whether a sole CA degree would give me enough knowledge to make a foray into this field as CA is only about accounting tax and audits which I an not interested in.So should I turn up for MBA straightaway or a CA designation would be enough

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5 Replies

Zulfikar Surti (Student) (431 Points)
Replied 05 May 2014

MBA is always desirable provided It's done from premiere b school on the basis of CAT. mediocre college or tier II colleges will be just waste of time and money.

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harish (employee) (56 Points)
Replied 05 May 2014

Easy method - Try tossing coin, if heads up CA course is enough. If tails up take MBA finance from reputed institute. It is better to qualify as CA with decent scores in 1 or 2 attempts. Otherwise u need to consider other alternatives.

Kshitij Saxena (Student) (30 Points)
Replied 06 May 2014

Thnx for the replies guys,I really appreciate it. Zulfikar:well I already have that in mind.Its either the premier ones or nothing. Pranav:sorry but haven't heard about it. Harish:if tossing coin were an option I wouldn't have chosen to do CA,although that was a nice idea dude. My only query was whether after being a CA can I enter into financial services industry rather than getting into big4s, CA or audit firms.And for that should I opt for any internship just as MBA fin students undergo.

Mohd Hassan (Accountant) (41 Points)
Replied 06 May 2014

Agree with zulfikhar

Greatest Buddy (Finance Professional) (173 Points)
Replied 05 August 2014

Originally posted by : Ksh*tij Saxena
	Thnx for the replies guys,I really appreciate it. Zulfikar:well I already have that in mind.Its either the premier ones or nothing. Pranav:sorry but haven't heard about it. Harish:if tossing coin were an option I wouldn't have chosen to do CA,although that was a nice idea dude. My only query was whether after being a CA can I enter into financial services industry rather than getting into big4s, CA or audit firms.And for that should I opt for any internship just as MBA fin students undergo.

Let me give some better reply than the existing ones.

To demystify the basic concept, you are not the only CA who is thinking of MBA. There are even people who go for B-Schools like Harvard,Stanford and Yale. But all of them do plan their career so elegantly that there is a detailed "to do" check list every year/month. If something goes wrong, they go for an alternative. There are even a lot of CAs who go for the Indian B-Schools like IIMs,FMS,XLRI,IIFT etc. Indian ones may not require the level of planning which has to be done for Global B-Schools or Graduate Schools but the amount of preparation need to top an Indian exam like CAT or XAT is atleast three times more than that of any GMAT or GRE.

Global Business schools rarely accept a student without Work Experience. And you may even have to bring recommendation letters from your Managers/HR. You may not get selected by the admission committe even after scoring a perfect score in GMAT/GRE as Aptitude is not the only parameter to judge the candidates. An ideal candidate will have a

3 years of Work-ex(could be even more or less based on the candidates)
Good GMAT(For MBA)/GRE(For MS) score,
Good Academics
A good amount of Extra Curricular Activites.
Ability to stand out of the pool(something unique)
The most important one i.e., the reason to do MBA in that B-school and the relevance to his past work ex. -This might even be an Ice breaker question in the interview.

On the other hand Indian B-schools largely follow a procedure in which there is usually an entrance exam like CAT, XAT,CMAT,IIFT etc followed by a WAT and/or GD and an Interview. Each stage has a weightage at different stages of selection and to get a clear idea you can go to the websites of several B-schools. Admission in Indian B-schools largely depends on your academics. If you have strong academics, verbal ability, communication skills and Quantative ability , it may not be tough to get into an Indian B-school and you may even get additonal points for being a Chartered Accountant and a B.Com Graduate(For Diversity).

Hope the concept is clear now.