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CA vs MBA

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CA Sharmistha Dan (Practice-Partner) (109 Points)
Replied 15 August 2010

I agree with Sidhanku. Actully the thing is that, in every profession there are some people who r experts and other are not. Its solely depends on ones own capacity. But here we are talking IN GENERAL and not some specific group of people. 

Coming to studies, a person can get only an overview of a subject (which is new to him/her) in 6months(1semester). But to gain expertise on that knowledge takes a lot of time. What level of  knowledge can you expect from a person studiying 8-10papers in 6months, and then studying a fresh set of 8-10 in the next and forgetting the last sem papers??? 

Just check out the job sites and you will get the picture...what companies want and what not...



koolleo87 (1268 Points)
Replied 15 August 2010

Originally posted by : Sidhanku Goswami

Someone has very correctly said "Common sense is not so common". When the demand for CAs is more than the supply I am supposed to believe that 50% of the CAs dont get placed. Were you telling a joke? If you were, I failed to appreciate it.

My dear sir you forgot to read the whole story. 50% CAs dont sit for placements. They get jobs on their own long before the placement starts.

As for MBAs earing more than CAs please go to a practising CA and ask him his income. As for those in employment they earn much more than your average MBA. Most of the fresh MBAs (around 80-90%) earn no more than Rs10,000/- pm. Please note that I am not talking about the top 20 B-schools.

As for the IIMs a few people get close to a crore salaries and get take the average. if you know your maths right then you will be able to calculte that in a normal year around 70% of the students get less than the average salary.

Rightly Said. Common sense is not so common.

First of all, If we compare, then we must compare CA with MBA on a LOGICAL basis. It makes no sense to compare all MBA's with CA's. The course structure of both the courses is totally different. Anyone can do an MBA but not everybody can be a CA. So, we select the best 5000 people from the pool pf MBA and CA students. In case of CA, they are undoubtedly the top 5000 students who PASS the final CA exams every year. In case of MBA, they are the grads of top 25 or 30 B Schools. 

.

Secondly, please go to ICAI placement site and see the placement stats of MArch 2010 placements. 48 % of those who APPEARED for placements, ( Not 48 % of CA's ) FAILED TO GET AN OFFER LETTER. It means that out of 100 Fresh CA's desperate for jobs, only 48 got jobs. And MInd you, about 85 % of the CA pass outs sit for placements. .

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Second thing, Except for the Big 4 which offer Taxation or audit jobs, ( which hardly come to around 200 or 300 every placement season ) all the other jobs are PURE BACK OFFICE TYPES. Go and speak to anyone who works on a Similar job profile like that and you will see that he is desperate to quit and move to a more MBA type job profile, If you know what I mean. 

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You mentioned about a practicsing CA. Well, he might earn alot. But my friend, will YOU go into practice ?? CAs who joined the industry 15 to 20 years back are now all MUCH BETTER OFF than the practice guys. Because at that stage, whether you earn 1 crore or 1.3 croresw doesnt matter. Waht matters is growth ( moslows theory ), factors like, HOW MANY PEOPLE WORKIG UNDER YOU, YOUR RECOGNITION IN THE COMPANY, ETC ETC ??

So, comparing a CA in practice is OUT of question. 


koolleo87 (1268 Points)
Replied 15 August 2010

Originally posted by : Sharmistha Dan

I agree with Sidhanku. Actully the thing is that, in every profession there are some people who r experts and other are not. Its solely depends on ones own capacity. But here we are talking IN GENERAL and not some specific group of people. 

Coming to studies, a person can get only an overview of a subject (which is new to him/her) in 6months(1semester). But to gain expertise on that knowledge takes a lot of time. What level of  knowledge can you expect from a person studiying 8-10papers in 6months, and then studying a fresh set of 8-10 in the next and forgetting the last sem papers??? 

Just check out the job sites and you will get the picture...what companies want and what not...

This is exactly the mindset of a CA student. When a business school changes the subjects, what matters is not how well a MBA students MEMORISED the subjects, but how well his ability to think has developed because of the the teaching process. in CA, what matters is how well, u can MEMORISE things. N ya, kindly refer to which job sites you talking about or post the links which offer a CA a more better profile than an MBA. ???


Prashant Deo Pandey (MBA-Finance) (372 Points)
Replied 16 August 2010

Go to the website of Jindal drilling n u'll see the difference.

Oh yes, if u need some more websites, I can give thousands of it .

Originally posted by : koolleo87




Originally posted by : Sharmistha Dan






I agree with Sidhanku. Actully the thing is that, in every profession there are some people who r experts and other are not. Its solely depends on ones own capacity. But here we are talking IN GENERAL and not some specific group of people. 

Coming to studies, a person can get only an overview of a subject (which is new to him/her) in 6months(1semester). But to gain expertise on that knowledge takes a lot of time. What level of  knowledge can you expect from a person studiying 8-10papers in 6months, and then studying a fresh set of 8-10 in the next and forgetting the last sem papers??? 

Just check out the job sites and you will get the picture...what companies want and what not...






This is exactly the mindset of a CA student. When a business school changes the subjects, what matters is not how well a MBA students MEMORISED the subjects, but how well his ability to think has developed because of the the teaching process. in CA, what matters is how well, u can MEMORISE things. N ya, kindly refer to which job sites you talking about or post the links which offer a CA a more better profile than an MBA. ???

Rahul Singh (Finance Professional) (110 Points)
Replied 16 August 2010

CA and MBA canot be campared bcoz both are difrent frm each other...if u r a CA, u r workin with auditin , finance....but if u r a MBA, ..u r working with management....CA has its own value and MBA as well....if u realy wanna compare go for both...u ll knw wts difrent....otherwise respect ur profession.....

 

Regards : Rahul




CA.GAURAV SACHWANI (JOB) (161 Points)
Replied 17 August 2010

CA ka to kisi se koi comparison hi nahi hai


CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26258 Points)
Replied 18 August 2010

 B i l l    G a t e s  :

 

" I failed in some subjects in exam but my Friend passed in all. Now he is an

Engineer in Microsoft and I am the Owner."

 

------------------------------------------------------------------------------------------------------------------------------

 

Same is the position of all MBAs AND CAs who target for Job only.

 

It is really very unfortunate that in independent India; still people wish to serve

others AND feel happy !!

 

A total change in thought process is necessary specially for the students who

join professional courses. 

 

Have you heard a Doctor saying that he is interested to do service ?

 

Have you heard an Advocate that he is interested to serve other ?

 

(One is free to choose his career after qualification. For time being one may

 join a firm for his financial needs; but aim MUST BE TO START HIS OWN

PRACTICE - it is not necessary that other be agree  with my views).

 

The  luxury  of own profession cannot be explained in words.

 

The same question may be asked to a common businessmen. Tell him to leave his business and offer him a handsome package to run a business for other.

 

 

 

CA Sanat tried to guide students about CA and MBA courses but unfortunately students took it as the comparison between the two courses. 

 

One should try to understand the purpose of the information  rather than to analyze it in his own way. (This is one of  the reason of failure of students in professional examinations).

 

To earn money neither CA nor MBA qualification is required.

 

The required element is common sense about the business (one need not possess money for that).

 

I am raising one general questions :

 

Out of our clients; how many persons are highly educated who have

earned  a lot of money ?

 

 

Then why we are running the profession or interested in professional qualifications ?

 

Because it gives DIGNITY. 

 

 

1 Like

Debasis (MBA(Finance) student>>CS)   (86 Points)
Replied 18 August 2010

A nice comparison...

In case of MBA, if you are not passing out from a reputed B-school,be ready to face the hiccups.

A combination of CA and MBA will be the best....


Zulfikar Surti (Student) (431 Points)
Replied 19 August 2010

This is just for those who says MBA is the best.

         I got an E-mail recently, which offered me an MBA after 2 years without learning anything. That means they were ready to give me MBA degree at home without any educaton.

        The institute which offered this to me is located at south india and it offeres "PLACEMENT" also after getting MBA. How to get MBA is you know.    

      This is the REPUTATION OF MBA.


CA Vikas Kumar Sharma (CA) (494 Points)
Replied 19 August 2010

Surendra Sir _ Pls  give your view on that  - In recent many PSU/BANK opening They are asking for same grade whether You are CA/ICWA OR MBA with same experiance . (For Example - pls see recent opening in SBI) .




koolleo87 (1268 Points)
Replied 19 August 2010

It is really sad that many people think that employment is some kind of slavery. Probably they forget that this is the 21st century and not some colonial age. You can leave employment if you want in as less as 15 days but you cannot leave practice as you are duty bound to your clients. ( I am not saying that practice or employment is slavery, that would be utter foolishness ). .

.

 

Giving a motivational example as Bill gates is one thing and looking behind its logic and following that is another. There maybe hundreds and thousands of college drop outs but the RISK involved in getting an idea and getting it to earn money for you is very difficult.  

.

Doctors, unless they have a specialisation are inclined more towards service. Check out the recruitment drives of KEm, Wockhardt and other big hospitals and have a reality check. 

.

LPO and legal firms are offering big packages to the pass outs from the best law college in india and the young minds are happy to work with them. 

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CA's who barge about the entrepreneurship bug should check the stats. More young people of india are getting into entrepreneurship now than ever before. ( check the number of start ups and small firms ). So, if Mr surendra rakhecha wants to say that only CA students have to change their mind set, he needs to do a re think. 

.

First and foremost, a few questions for him...

1) Inspite of entrepreneurship being the only option for CA's who passed out before 2000, were any of them able to form a big firm with the scale and professionalism like the Big 4 ???

.

2) How has the CA course changed over the last 3 decades which will hep the pass outs better accustom themselves to the changing needs of India ??

.

3) Please tell me if ICAI and all of its members like you think that practice is a better option, why it has not being able to market it properly ?? ( I know practice is not at all an option for anyone who passes out right now . If anyone still thinks so, please go into practice and prove yourself or give me one success practice story of anyone who has become a CA in the last 5 years )

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4) Probably a CA who has joined the corporate about 5 to 7 years back will be at a Vice president level or manager level. He will be attending the best parties in town, going to the most expensive 5 start hotels, and having lunch with the big shots of the industry. I know many people who are around 30 and have acheieved much more ( i dont mean only money, but some one who has been to the glamour of corporate life knows better ) than 95 % of the practicsing CA's who sit in their 300 sq feet office and earn only because of their articled students. 

.

5) Please try going to the big companies and big projects as a individual CA and without the brand name of the Big 4 and they kick you out instantly. Quality work cannot be availed of without getting into employment. That is a fact of the industry. 

2 Like

koolleo87 (1268 Points)
Replied 19 August 2010

Originally posted by : Zulfikar Surti

This is just for those who says MBA is the best.

         I got an E-mail recently, which offered me an MBA after 2 years without learning anything. That means they were ready to give me MBA degree at home without any educaton.

        The institute which offered this to me is located at south india and it offeres "PLACEMENT" also after getting MBA. How to get MBA is you know.    

      This is the REPUTATION OF MBA.

AFTER CPT CAME MY FRIEND, Everyone started saying that nwo CA is more easy than ever. But you and I know that it is not the truth. Isnt it ??

.

So, tell me, if you have to compare CA with MBA, will you take the top 4000 students of MBA or the bottom 4000 ??

.

And one more thing, MBA is a very customised course. It does not have a similar structure. ZSo, we have to compare it properly. Rest depends on you which college MBA you want to compare CA with. 

1 Like

Zulfikar Surti (Student) (431 Points)
Replied 21 August 2010

My dear brother Koolleo87,

           Your presentation is very good. Thank you for your reply.

           I want to say that, one thing to which every one will agree, To enter in a good MBA college is only tough with MBA.

         As per my and some other people's view, sometimes with the help of SC-ST-OBC quota some comparatively low exellent students get admission than intelligent students from general catagory.

        This is not happens in CA.     

        You will surely understand adverse effect of the same. If you are eligible to get admission, you can't.

       After this disappointment, students go to such a stupid colleges such as ICFAI etc. 

 

 

Regards,

 

 

ZULFIKAR SURTI.

   


Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 21 August 2010

 

Originally posted by : CA Ravindra

MBA college is more than 5000 in India , but for CA only ICAI in India.



Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 21 August 2010

Originally posted by : CA Ravindra

MBA college is more than 5000 in India , but for CA only ICAI in India.


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