Replied 26 December 2010
|Originally posted by : vinnzz|
CA over MBA ?
Eventhough there is a lot of risk involved in pursuing CA and due to high pay package of MBA passouts , still there are some fine advantages of chosing CA over MBA.
1. Financial factors- Going for MBA always invovle a big investment. Someone looking for PGDM (post graduate diploma in management, equivalent to MBA) in IIMs or top B-school needs to crack entrance exams such as CAT, XAT etc. Therefore students generaly have to take tutions from TIME , IMS, CAREER LAUNCHER or other coaching which charge healthy sum of money like Rs.30000 or more, even applying for b-schools or IIMs itself invloves thousands of rupess for Apllication FORMS and other expenses. On top of that the admission charges of IIMs are extremly high (more than 10 lacs).
In CA the whole course is affordable and requires very less investment compared to MBA ( 50000 to 100000, which includes private tution fees, course registration fees and other expenses of full CA course). Thus one can comfortably go for CA without any tension of financial risk .
2. placement- Not all B-schools provide good placements, only top MBA institutes provide lucrative package and placements but very few students find place in such colleges as they select few hundreds among lacs of student , whereas in CA all passouts get high scale packages.
3. Course duration - CA requires around 4 years time to complete but a student can start just after passing class-xii and he/she can complete the whole course while doing graduation. So if someone plans properly and passes every stage in one shot then He/she can become a CA at a very early age.
In MBA's enctrance exam students have to drop one year for preparation and 2 years course duration (all total 3 yrs). Hence MBA cannot be termed as very short duration while comparing with CA.
4. Career oppurtunity - A person gets a job after MBA but a CA can start its own firm or go for a job , even a CA can get high income if he/she opts for teaching line. Thus career options are very wide as a CA.
5. MBA after CA - Chances of getting admission into IIMs are high after becoming a CA (due to high qualification and performance) but same cannot happen vice versa. One can also do Phd directly after becoming CA (no post-graduation degree required).
6.Marks cutoff - Nowdays all good B-schools ask for 50% in graduation and one must also score 90-99 percentile in entrance exams to get admission in MBA but in CA there is no such requirement. One can join easly anytime after passing class 12.
Thus keeping all such factors in mind it can bee seen that CA could be preferred over MBA anytime.
yes vinnzz u r right CA is more affordable compare to MBA. And in CA there r more job opprtunity compared to MBA n safer job n if we do not like to do job then we can open our firm that option is not available in MBA.
CA Manikandan Raghunath
Replied 26 December 2010
I whole heartedly agree with you ppl...
I always have a feel that CAs are a step ahead of MBAs (Knowledge wise)...