CA Vs MBA from top B school?

Final 990 views 16 replies
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CA Final
880 Points Joined December 2009

Hi All !!
I'm a ca final student. I'm currently employed in ca firm. I have always dreamt of reaching new heights in our profession in the corporate world. I know knowledge and skills are the only means of survival and there is no end for learning and attempts don't matter at all in the long run.

I hate doing excel and tax compliance job which has minimal brain application and value addition.  My research says people of  majority of the small and mid size ca firms have
1) Poor communication skill
2) Poor knowledge - general & subject
3) Outdated technical skills
4) No creativity
5) Only accounting ability and no managerial ability.

We do not want to waste our life doing the above. We also want to kickstart the growth engine of our career.

There are plethora of opportunities in the industry which are mainly grabbed by mba grads from  IIM/other top Bschools. Their knowledge, attitude, confidence, skills and pay always make ca's uncomfortable and unfortunately we don't even know that we are restricting ourselves to majorly monotonous work. Actually whats cooking at IIMs. What is their speciality?? Answes i found was Knowledge and Communication skills.

I hereby request you to kindly provide me some info on this issue and also emerging areas/trends in the industry like Data analytics, cloud computing, fintech startups etc; how and where we need to improve our  knowledge and skills and what does it take to be the finance head of MNC's. Most of the  people don't respond and those who respond are not giving convincing answers.

Thanks !!

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On 09 December 2016 at 00:26 Report
Replies (16)
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Company Secretary
304 Points Joined May 2014

You are wrong

CA Pass % is 10 where as MBA 100

Only 2.55 Lakhs CA in India where as 2.55 crores MBA

CA is mainly a Practicing profession where as MBA is an employment one.

If you are seeking employment alone, then go for MBA at IIM.

A number of CA are authors of various books

 

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On 09 December 2016 at 09:41
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CA
1518 Points Joined January 2013

Why only iim think of global MBA insead, ivy league etc see ft ranking

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On 09 December 2016 at 12:15
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student
5908 Points Joined January 2016
As if knowledge obviously i will say, CA have more knowledge than MBA. We CA have lacl somewhere in communication, obviously not all few as compared to MBA. As MBA have taught how to behave more than knowledge. If u want to get settled in 2 years then obviously u should go for MBA, as CA is big journey and u need patience, and many things. Even as u said IIM, if u really want to go much high, u may go for global, or even look after other courses in management in other countries.
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On 09 December 2016 at 14:21
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ACMA (in Service)
5073 Points Joined September 2007

If you pursue MBA from say, ISB Hyd or IIMs, the cost & ROI shall both be high as compared to CA.

CA & GMAT/CAT are two different ball games altogether. Dont know how much justice one can do by comparing the two.

But yes, if budget permits, go for an MBA abroad from a top ranked BSchool.

4-6 months of gruelling effort can get you a good %ile in GMAT/CAT helping you to secure an admit into a reputed BSchool. However, CA calls for much more patience & perseverance. Pls chalk out your goals first along with the time frame in mind.

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On 10 December 2016 at 01:56
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CA Final
880 Points Joined December 2009
thank you all
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On 10 December 2016 at 08:58
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student
34 Points Joined October 2016

The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. established under the Chartered Accountants Act, 1949 passed by the Parliament of India with the objective of regulating accountancy profession in India.[4].
  ICAI is the second largest professional Accounting & Finance body in the world in terms of membership, after American Institute of Certified Public Accountants. 

 ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India.
 ICAI is solely responsible for setting the auditing and assurance standards to be followed in the audit of financial statements in India.
 
It works closely with the Government of India, Reserve Bank of India and the Securities and Exchange Board of India in formulating and enforcing such standards.       ICAI is the second largest professional accounting body in the world in terms of membership second only to AICPA.[5 .

 Apart from this primary function, it also helps various government agencies like RBI, SEBI,[citation needed] MCA, CAG, IRDA, etc. in policy formulation.

   The government also takes the suggestions of ICAI as expert advice and considers it favorably.

 However, Members of the Institute are known as Chartered Accountants.

 Chartered Accountants are subject to a published Code of Ethics and professional standards, violation of which is subject to disciplinary action.

 Only a member of ICAI can be appointed as statutory auditor of an Indian company under the Companies Act, 2013. 


NO MORE COMMENTS........................

 


THANKS & REGARDS.............

SURYA PRAKASH SRIVASTAVA

 

 

 

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On 10 December 2016 at 11:52
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a
1273 Points Joined February 2012

Surya Prakash I am sorry to add up that  -  Corruption is an inhherent factor here...I know CA's who are Truthful but Struggling -  i hope you got the point.

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On 10 December 2016 at 23:34
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CA Final
880 Points Joined December 2009
I agree...but my question was only from the point of view of VALUE enjoyed by mba from top Bschools over ca in corporate world..
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On 10 December 2016 at 23:50
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An insatiable Learner
889 Points Joined October 2011
Hey Ashok,You must be getting a feeling that the above answers are repetitive and not pertaining to your question.Drop a comment in my Gmail inbox.will answer your curiosity
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On 13 December 2016 at 03:23
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CA Final
880 Points Joined December 2009
Hi all. I just spoke to my frnd who studied at iim. I'm writing whatever imp points he told. He said basically Ca have v good knowledge in subjects like accounts audit and taxation. But mba concentrate more on things like communication, presentation in biz meetings, conferences, drafting reports for top mgmnt, sales n marketing....
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On 13 December 2016 at 18:08
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CA Final
880 Points Joined December 2009
In corporates,, as long as it's a numbers job they prefer ca and as far as it is communication, operations mgmnt, sales n Mktg they prefer mba
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On 13 December 2016 at 18:10
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CA Final
880 Points Joined December 2009
For example you have data of sales achieved in 10 different cities in india. if the vp vice president of the company asks you to analyse and report on the same mba might do it better coz this has little to do with nos and more to do with analysis and reporting on what can be done to improve sales....if you see, barring big4s, most of the reports drafted by small or mid size ca firms are slightly less professional as compared to what
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On 13 December 2016 at 18:18
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CA Final
880 Points Joined December 2009
is drafted by top mba. my frnd specifically said we do not concentrate on non financial aspects which make significant difference in every work we do....
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On 13 December 2016 at 18:19
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CA Final
880 Points Joined December 2009
Also for ex in a report, index, sequence, explanation, choice of words, examples, charts graphs, alignment of text etc are some of non financial aspects on which we give less attention. He simply said any presentation or report they submit will make the person reading it feel impressive and that it was worth it n stuff like that
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On 13 December 2016 at 18:26


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