wHY CA lag against MBA in terms of remumneration

CA Vishal (CA working in industry) (620 Points)

03 March 2010  

After reeling under the impact of economic downturn last year, placements at Xavier Institute of Management-Bhubaneswar (XIMB) bounced back to record highs this year. It secured 100 per cent placement yet again. The average salary of PGDM (Post-graduate Diploma in Management) touched Rs 10.52 lakh, a 45 per cent increase over the last year.

The highest domestic offer, too, recorded a growth of 12.5 per cent, reaching Rs 18 lakh, while the median salary stood at Rs 9.5 lakh. The institute also bagged four international offers this year, the highest being $150,000 (around Rs 70 lakh) from Olam International. In all, 58 companies participated in the final placement process, which included some of the most sought after corporate organisations like Vodafone, Infosys, Tata Consultancy Services, Essar Group, Tata Steel, Mahindra & Mahindra and HSBC.

Thus average salary for fresh MBA is roughly is 10 lacs p.a whereas you all we agree that Average salary for Fresh CA is roughly 4 lacs p.a . Also they achieve 100% placement whereas the same cannot be said about the CA placeement  Iam  myself CA and I fail to understand that despite being the toughest course why we lag behind . it is high time that the institute seriously thinks about this and makes us on par with the MBA students...