MBA is a two-year program that is opted for by many students. At present many students are part of MBA. The students who have completed or are appearing in the last semester of graduation can opt for this course.
However, many students want to pursue the CA (Chartered Accountancy), a professional course. Here in this blog let us understand MBA Vs CA: Which is better?
CA (Chartered Accountant) is specifically for students with an interest in the finance domain. So choosing between an MBA in finance and a CA could be a little tricky.
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Parameters |
CA |
MBA |
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Investment |
This is economical. The investment in this course is less compared to MBA course fees. |
This is truly an expensive course. The top MBA universities charge high fees. |
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Passing % |
The field is highly competitive as out of 100 students only 3 to 5% of students get selected and certified as CA. |
Around 95% of students get decent jobs after an MBA. |
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Career and Exposure |
There are limited option options available for the qualified CA. There are 3 years of internship after cracking the exam. |
There are a wide variety of options available for MBA students. The students have to pursue 3 to 6 months of internship after pursuing the MBA. |
|
Level of Difficulty |
The examination is highly competitive and extremely tough. |
The level of an MBA is moderate to difficult but 80% of the students can get the exam successfully. |
What is an MBA?
MBA or Master of Business Administration is a post-graduate program that offers a deep understanding of topics like business, management, product management, marketing and branding.
This course can be pursued online, at a distance and in regular mode. The curriculum for all the modes of education is similar and many top institutes offer MBAs like IITs, IIMs and other government and private institutes and universities.
The students must take the entrance examination to pursue a regular MBA program. Candidates who wish to pursue an MBA without any entrance examination can enrol in the online mode of MBA. This mode is better than a distance MBA as the facilities offered in this mode are at par with the regular mode of study.
Additionally, the students are not required to visit the university in any situation, as all the queries can be resolved in online mode. The assignment submission, examinations and classes all are done in online mode.
Top Online MBA Universities in India
- Amity University Online
- Manipal University Online
- IMT Ghaziabad
- Parul University Online
- ICFAI University Online
- Lovely Professional University Online
- Jain University Online
- D.Y. Patil Deemed to be University Online
CA VS MBA: Eligibility Criteria
There are certain eligibility criteria that the candidates must have to fulfil before enrolling in the MBA or CA. Now you have a brief idea about the MBA and CA, let us understand what are the eligibility criteria to enrol in MBA and CA. Here we have given the difference between the eligibility criteria for an MBA and a CA.
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Eligibility Criteria |
Masters in Business Administration(MBA) |
Chartered accountant(CA) |
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Bachelor’s |
The bachelor’s degree is mandatory. |
The bachelor's degree for CA is not mandatory. |
|
The examination is conducted by |
The MBA examination is conducted by many universities and institutes |
The examination can be conducted by ICAI which is the Institute of Chartered Accountants of India. |
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Semesters |
There are four semesters in the MBA. |
There are three levels CPT, IPCC, and CA-Final |
|
Job prospects |
Managers, Human resource management, team leaders etc. |
Chartered Accountant, Finance Manager, Auditor etc. |
Pros of MBA vs CA
MBA and CA both have their benefits. Here we have mentioned some pros for both :
Pros of CA :
- After the completion of CA, you will get top-notch specialised knowledge in finance and accounting.
- The designation of CA is highly valued in society and the business world.
- You can get various opportunities to work in a wide range of industries.
- You can also start with your accounting practice individually.
- You can get a lucrative salary with amazing jobs and career opportunities.
Pros of MBA :
- The salary after completion of the MBA is highly competitive
- You can opt for various specialisations to pursue an MBA.
- The demand for MBA graduates is high in the market.
- This course usually takes two years to complete.
- You get knowledge of holistic areas like management, marketing, human resource management and many more.
How can I enrol in CA and MBA?
There are certain aspects of enrolling in the CA and MBA examinations. Here we have mentioned those aspects below :
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Course |
Parameters |
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MBA |
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CA |
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Which is difficult: MBA or CA?
CA(Chartered Accountancy) is extremely difficult compared to the MBA. The students have to study certain subjects like financial accounting, auditing, general management, reporting, business environment, taxation and many more.
However, in an MBA, the candidates have to study topics like business, accounting, management, human resources, marketing and many more. You can pursue an MBA in various specialisations as well.
Syllabus of MBA and CA
Here we have given the syllabus for the MBA and CA :
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Syllabus of CA Foundation Course |
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CA Foundation Course Paper-1 |
CA Foundation Course Paper-2 |
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CA Foundation Course Paper-3 |
CA Foundation Course Paper-4 |
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CA Intermediate Course Syllabus |
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CA Intermediate Group-1 Papers |
CA Intermediate Group-1 Papers |
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CA Final Course Syllabus |
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CA Final Group-1 Papers |
CA Final Group-2 Papers |
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Syllabus of MBA
Here is the syllabus for the MBA :
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MBA 1 Sem Subjects |
MBA 2 Sem Subjects |
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MBA 3 Sem Subjects |
MBA 4 Sem Subjects |
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What are the career scope and prospects after CA?
There are a wide variety of options for employment in CA. In the market, many diploma and professional courses are emerged but none of the examinations have overlooked the value of CA. A highly qualified CA is in demand by all industries be it public or private.
As a CA the person can work in the private sector, in MNCs, in top companies, and also can practice individually as well. It's completely your choice whether you want to work under someone or practice individually.
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Related Programs |
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As per your expertise and skills, you can get opportunities to work in top private companies, auditing and consulting firms, private practice, banking or the corporate sector.
Nearly all companies have an accounting and finance department that overlooks the accounts of the company. So there are plenty of options available if you are looking to pursue this career path.
Job and Career Opportunities after the CA course
- Auditing firms, Taxation
- Practicing Individually
- Management Consultancy Services
- Corporate law
Job and Career opportunities after an MBA
After the completion of the MBA program, the candidates get a wide range of opportunities. Apart from a lucrative salary, the candidates get the chance to get amazing jobs and career opportunities. An MBA degree can be proven very useful. You can pursue an MBA in Online mode, in part-time mode, in full-time and distance mode. Candidates with MBA degrees have high demand in every sector.
What are the career opportunities after an MBA?
- Marketing Manager / Consultant
- Human Resource Manager
- Analyst
- Investment Banking
- Financial Advisor
- IT / Operations Manager
- Administrative Manager
Skill set required for MBA and CA
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Skill Set For CA |
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Skill set for MBA graduate |
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CA Vs MBA : Fee Structure
Here is the breakup of the CA fees :
|
CA Fee Breakup |
Amount in Rupees (Rs)* |
|
CPC Registration fee |
6,000 |
|
Intermediate course registration fee (both groups) |
15,000 |
|
Articled training registration fee |
1,000 |
|
ITT training |
6,500 |
|
Final course registration fee |
22,000 |
|
GMCS-I |
5,500 |
|
Orientation |
7,000 |
|
GMCS-II |
5,500 |
|
Total |
68,500 |
Here the estimate given is approximate and the actual figures may vary.
MBA fees for different Institutes and Universities
Here are different universities along with the fee structure :
|
MBA Colleges |
MBA Course Fees |
|
Banaras Hindu University |
INR 10.23 K - 99.31 K |
|
Graphic Era Deemed to be University |
INR 7.17 L |
|
SOA University |
INR 3 L |
|
GLA University |
INR 4.5 L |
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BBAU |
INR 20 K - 1.8 L |
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UoH |
INR 2.16 L - 4.69 L |
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Galgotias University |
INR 1.8 L - 2.98 L |
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Shoolini University |
INR 5.95 L - 9.4 L |
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Pondicherry University |
INR 32 K |
MBA fees for different specialisations
If you are interested in an MBA specialisation here we have given the fee structure for different specialisations :
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Specialisations |
Course Fee Range (in INR) |
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INR 5 Lakh - INR 20 Lakh |
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INR 5 Lakh - INR 25 Lakh |
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INR 1 Lakh - INR 23 Lakh |
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INR 3 Lakh - INR 25 Lakh |
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INR 5 Lakh - INR 25 Lakh |
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INR 2 Lakh - INR 25 Lakh |
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INR 5 Lakh and INR 15 Lakh |
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MBA in Rural Management Online |
INR 1 Lakh - INR 20 Lakh |
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INR 24,000 - INR 10 Lakh |
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INR 2 Lakh - INR 10 Lakh |
CA Vs MBA: Salary in India
Before you come to any decision, let us also discuss the salary of Chartered accountants and MBA graduates in India. The average initial salary of both ranges between INR 6,00,000 to INR 7,00,000.
The salary range can vary depending on the size of the company. The salary of a CA in India is from INR 12 LPA to INR 35 LPA and above. If you are working in a top firm, you can get the salary exceptional salary.
Salary offered as CA
|
Chartered Accountants |
INR 10 LPA |
|
Tax Accountants |
INR 8 LPA |
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Financial Controllers |
INR 15 LPA |
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Auditors |
INR 7 LPA |
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Chief Financial Officers |
INR 6 LPA |
Salary offered to the MBA graduates
|
Job Profile/Role |
Average Salary Per Annum |
Minimum Salary Per Annum |
Maximum Salary Per Annum |
|
Senior Business Analyst |
Rs. 9,44,493 |
Rs. 4,76,000 |
Rs. 11,70,000 |
|
Operations Manager |
Rs. 7,97,786 |
Rs. 3,89,000 |
Rs. 10,60,000 |
|
Human Resource Generalist |
Rs. 2,94,138 |
Rs. 1,59,000 |
Rs. 6,78,000 |
|
Business Development Manager |
Rs. 6,01,423 |
Rs. 2,59,000 |
Rs. 11,40,000 |
|
Marketing Manager |
Rs. 7,56,522 |
Rs. 2,98,000 |
Rs. 11,90,000 |
|
Human Resources Manager |
Rs. 7,38,960 |
Rs. 3,19,000 |
Rs. 11,70,000 |
|
Project Manager (IT) |
Rs. 12,38,000 |
Rs. 5,01,000 |
Rs. 20,00,000 |
|
Business Development Executive |
Rs. 3,18,081 |
Rs. 181,000 |
Rs. 5,93,000 |
|
Assistant Human Resources Manager |
Rs. 5,31,567 |
Rs. 2,92,000 |
Rs. 9,42,000 |
|
Marketing Executive |
Rs. 3,05,043 |
Rs. 1,67,000 |
Rs. 5,54,000 |
|
Relationship Manager |
Rs. 4,24,954 |
Rs. 2,03,000 |
Rs. 9,59,000 |
|
Business Analyst (IT) |
Rs. 5,96,465 |
Rs. 3,02,000 |
Rs. 11,00,000 |
|
Senior Sales Executive |
Rs. 3,99,836 |
Rs. 2,20,000 |
Rs. 7,22,000 |
|
Area Sales Manager |
Rs. 7,81,611 |
Rs. 4,07,000 |
Rs. 11,40,000 |
|
Executive Assistant |
Rs. 3,24,264 |
Rs. 1,48,000 |
Rs. 8,09,000 |
|
Regional Sales Manager |
Rs. 11,83,000 |
Rs. 5,57,000 |
Rs. 20,00,000 |
|
Financial Analyst |
Rs. 4,38,313 |
Rs. 2,23,000 |
Rs. 8,47,000 |
|
Finance Manager |
Rs. 11,42,000 |
Rs. 5,22,000 |
Rs. 23,00,000 |
|
Management Consultant |
Rs. 13,50,000 |
Rs. 5,62,000 |
Rs. 20,00,000 |
|
Account Manager |
Rs. 7,00,000 |
Rs. 3,39,000 |
Rs. 15,00,000 |
Conclusion
You can opt for any of the fields depending on your skills and interests. Both the course has its pros and cons. If you are planning to pursue an MBA but you are a working professional, then worry not. You can pursue an Online MBA from the Top university.
