wHY CA lag against MBA in terms of remumneration

I agree with you partially.

Majority of  the candidates in Top B schools have good work experience (3 Years +) in companies. Only after Work Exp they join MBA ...

This is the reason for getting a good pay after they come out of b school.

But a fresh CA on avg get s 5 Lacs + CTC some times even 7 Lacs + depending upon his communication and presentation and negotiation skills.  This is one thing we must be proud of apart form the status symbol in the society.

Further if you analyse the Qual of CFO's of top MNC's and Blue chips in india... They are all CA's If fact majority of them are only CA's and not MBA's...

Its only our attitude towards our profession / Qualification. If we have the right skill set and talent No one can stop our progress in the corporate ladder....

Thanks Santosh for your views but you are not getting my point. Whatever statistics you take MBA from good management schools are getting more remuneration than the CA counterparts . This is true fact. Secondly you will always find that Most of B schools tend to give 100% placements which canot be said for ICAI placements where  only rank holders and first attempt get  jobs  others return empty handed...

We have to understand that even after completing 3 to 3.5 years of training and clearing tough competative exams we get nowhere in terms of remuneration as far as MBA goes. ICAI should start accepting this fact. and take corrective measures. Ideally I feel given the knowledge we have we should be getting much more than the MBA graduates but at present is the other way round....The question is not that no one would be able to stop us from climbing the corporate ladder but we need to accept the reality and take the corrective steps so that CA are valued correctly....

Ya i do agree MBA's get more salary if they are from the TOP B schools only.Also notice the cost involved for CA the out of pocket cost in less and opportunity cost in more. where as for an MBA in top bschool one has to shell out a lot of money.

Its only the top old indian companies that give preference for CA who are rank holders or 1st attempts. The MNC dont bother about that much....

ICAI has to update its syllabus according to latest trend and remove useless subjects like MICS....

The simple solution is that when you and me become CFO or CEO then give preference for CA's rather than MBA's 

Infact I dont feel CAs are getting something less than what MBAs are getting... you are comparing with XIM where the annual intake is just 500 for all the courses together. So when you average it out... the salary offered per person will  be very high compared to CA.

Again, I have seen CAs begging during campus interviews for jobs(i have an excellent example of how a rude Infosys recruiter was shouting at a CA while campus interview was going on in chennai). Even after passing we have the mindset of an article clerk.. what ever the company offers we simply accept and sit quiet... 

Friends, we should demand... if company is offering 4.5 L... dont even apply... understand your potential. Just demand... if  they cant pay.. you dont work...

I have seen ETA ASCON (a company in middle east) offering 1000 USD pm for CA in campus interview at chennai and CAs were running behind that... Guys... 1000 dollar is the salary paid for an accounts clerk overseas.. and u r worth minimum3000 dollars (for the one who has qualified in his nth attempt -  that too in middle east). 

Come up and demand.

Dear Menon,

   Tell me who will say no to 4.5 lacs p.a You should understand the fact that CA before completion get stipend of around 2 to 3 thousand per month . Also if one says no the recuriter will get many other CAs you wont believe that this is the amount  offered by big companies. Mid size companies tend to pay on lower side also...Demand will work only when the recuriter has very few options today majority of fresh CAdo not get jobs in placements and you are telling not to accept . To be honest everyone including me will accept whatever they get in this  scenario... The recuriters are also smart they know that they would get CA in the range of 4 to 4.5 lacs but MBA from good management schools not possible....

  Forget about the fresh CA. I have work exp of 4 years in big companies  and I have various friends in the industry  you want not believe very few companies actually look for  CA . They have scaled down there salary budgets and settle for anything If they do not get  CAs they will settle for ICWA, CS , and people who have done MBA in correspondence. There mindset is such that we should get the person in lowest possible salaries If we get CA it is fine otherwise any professional will do...

I agree with Vishal .It is the high time that the Institute should think seriously of its Course & quality of passing students..ICAI must accept the fact CAs are drawing less remuneration compared to MBAs( sometimes,even from Tier-2 B Schools). So they have to take some drastic measures for quality control.

1) Entrance Exam (compulsory for all)must be toughest so that only The Best student can make entry to the Course.

2)Contemporary Topics should be introduced espically in rspect of Financial Mgmt. (In reference to syllabi to B School)

3)Conceptual Clarity on Basics Mathematics should be given utmost importance.at the Entrance Exam,even upto the Intermediate Level so that student can be encouraged for Out-of -box thinking.

4)Compulsory Resedential Course(at least for 6 Mths) to be started at State of the Art campuses immediately(Center of Learning) where renowned experts from Business Houses & IIMS can teach our new members, where students will  enjoy the B School Atmosphere.

I agree with Mr. Menon that we as the members of ICAI should demand respectable salary. However I feel that lesser remuneration paid to CAs is not only due to fault of ICAI. It is a fault of the Students as well. Many a times I have seen such articled assistants who are not interested in gaining knowledge out of their work. They do not actively participate in the work and seek additional knowledge. Then there are coaching classes which Students join without even trying self study. 

So on balance Students should also upgrade their skill sets before criticizing ICAI.

Hai everybody

Following are the feb- march 2011 ICAI CMI placement programme summary

1. Number of students from rank holders list participated in Campus placement = 0
  (remember there are 150+ who comes in rank holders list (top 50))

2. Average domestic salary offered = .675million (i.e56.25k/p)

3. Highest salary offered = 7 million (approx)

Now for your analysis, let me give you the placement summary of India’s best business school IIM-A, where the cream of Indian youth and experienced effort years to get into. They study there paying odd 1.2 million for two years ((ha ha, what do we pay in net?? (I.e. Fees – Stipend excess)) .

IIM – A placement summary

1.       Highest salary offered = 13 - 15 million (Deutche bank)

2.       Average domestic salary =1.2million

So friends before comparing those figures please keep in mind following bullets as well

1. Pass Percentage: IIM A = 100%; ICAI both group is less than 22%                   

2. Annual intake of IIM A is 300 whereas for CA whoever pass CPT (most simple entrance in India, I know personally that for I have written IIT JEE, AIEEE, AIPMT, KMEEE and our CPT.. and secured a rank (merit list) in CPT with very little effort comparatively)

3. In ICAI CII placement even the guy who passed his exam in his Nth attempt can attend. But that’s not the case in IIM A placement

So now you can form your opinion comparing ICAI with India’s another best.A