Originally posted by : Gagandeep singh
	My friend just got a good job he has done grad and MBA getting 50k in the starting. Though his real brother is CA and way too intelligent than him but got a job of 27k per month. Why?

check this link..its not only intelligence fetch you money, there is something more you neet too...

 

https://articles.economictimes.indiatimes.com/2010-03-06/news/27614623_1_chartered-accountants-campus-recruitment-salary

Also stats for 2014...https://www.thehindu.com/todays-paper/tp-national/campus-placements-for-cas/article5734743.ece

Why Mba gets paid more??

 

Well its an interesting question. I will divide the question into 2 parts..

 

 

 

1)Why Mbas(finance) from top-notch B-schools get more pay than a CA:.The salary difference here is basically due to the fact that the job profiles given to a CA and an Mba from a top B-School are totally different. These mba guys get plum management and consulting roles,IB roles,etc. which arent normally given to a CA fresher. I don’t think it is right to compare people handling different job profiles.

 

 

 

2)Why Mbas(finance) from decent, ordinary colleges earn more than a CA:Well here mbas are in direct  competition with CAs. They aren’t going to get the kind of job profiles that are being provided to Mbas from top B-Schools. They will also find it hard to get into hard-core taxation and accounting roles which are dominated by Chartered Accountants. For the remaining job profiles, they vie with CAs and other professionals like CMAs,etc. Now coming to ur question, the basic reason for a better initial pay in case of many mbas from ordinary colleges can be attributed to the fact that the Campus placements in these institutes are much better organised. As a matter of fact, all these ordinary  Mba institutes are aware that this is the arena of the survival of the fittest. If these institutes aren’t able to show good placement stats, they will soon be forced to close down. So they are as desperate and eager as the students in respect of campus placement and try out all ways and means of securing a good package to their students. However I don’t see ICAI being so desperate in the conduct of its campus placement. All the other things like communication skills,presenatation skills,etc. too play some part in the starting salary difference. But according to me, the major reason is the better campus placement.

 

Whatever I mentioned above was regarding the starting salary. But, to be honest, when we are talking about a person’s career which spans over 30+ years, starting salary is the least important thing. We need to see things from a long-term perspective and I think many of the Mbas(finance) from ordinary colleges who get a better starting salary will be overtaken by their CA counterparts in the long run. In other words, according to me, the proportion of experienced Mbas(finance) with a better salary in comparison to the experienced  CAs will be much lesser than the proportion of fresher mbas(finance) with a better starting salary in relation to the CA freshers(I know it isn’t really proper to generalise things..I know that one’s skills, area of experience, etc. have a crucial role in the future pay..But since this is a very general question, I will have to answer it on a general basis.). Actually it will be really interesting to see the salary of ur friend and his brother after ,lets say, 10 years. What I am trying to say is that we cant make any judgement about who gets better remuneration, purely on the basis of starting salary.

If you are Really making a comparision between Good Bschool pass out and CA.Then here is the reason.MBA curiculum is more focused on analytical aspect of Busineess ie accounting,Cost accounting,Finance.If you give a TOP B school MBA any Financial statements He will Rip it off with analysis backed by his Strong Mathematical and logical reasoning skills.A CA is ideally designed to Prepare that Raw material of accounting and Cost accounting.But Over the Period Eventually A CA with strong Fundamentals Will have better analysis of this provided he works on it, Where as MBA will be laid off.

A Person Who keeps Preparing the dish will know Where what has gone wrong in the end product taste when he keeps Repeating doing it number of times over the years.

Never the Less IF ICAI would be really bothered to test students on Analytical skills it would be Encouraged.The age old fashion of number crunching and speed testing has become outdated as the software can replace it these days.

For instance .A cost sheet is Prepared.

But Does Any one really A cost sheet is strategy for Pricing?

A CA Question Paper works more on Former.How to derive the cost!.

For Top MBA B school Former is a raw material.He extends to learn the analytical insights drawn from various case studies in industries.

 

 

 

Please dont compare CA's with B.com atleast.

I think the initiative taken by institute to provide job to newly qualified CA is insufficient. They should try to create more jobs for fresher by inviting more & more companies & these co. should also inc. the no. of jobs offered. I mean its rediculous that a CA having vast knowledge is not able to get the job througj campus, it is matter of shame.

only one iitian khargpur got package of 91 lacs and rest 250 candidates ?

No need to compare ca and mba. More than degree / certificates it is the ability, knowledge and work skills of individual that attracts the best employers to hire and pay descent salary if not high salary in job market. To remain competitive we need to constantly learn and adopt new ways in our profession.

Originally posted by : @ VaibhavJ
	Originally posted by : JSRAO Majority of d CAs are a disaster in Management & communication skills...They get harassed during articleship period, they imbibe negative manipulative tendencies and they exhibit same skills in their profession.. ICAI should seriously think on this to upgrade skills... Mr. Rao, ICAI has already worked on that by introducing GMCS..

This one is hilarious. 

GMCS? Do you think it is sufficient?

GMCS will not even make you ready for the GD-PI process of any top tier B-School.(Forget about comparing with the top B-School graduates).

Mr.Rao has just stated the fact, kudos to him. My faculty, who was also an employee at the Big 4 had to quit his job as his communication skills were not up to the mark and it was very uncomfortable to work with the ones who were highly proficient in English(He is now working in a mid-sized firm as a partner with the same salary)