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MBA or CA: CA vs MBA - What to choose In 2024?

Ishika Kumari Aug 5, 2024 1.6K Reads

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.

Is Online MBA Worth It? MBA Latest Report 2024| Universities| Fees| Package

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. 

Parameters 

CA 

MBA 

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.  

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. 

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 

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.

Eligibility Criteria 

Masters in Business Administration(MBA)

Chartered accountant(CA)

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. 

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 :

Course 

Parameters 

MBA 

  • If you want to pursue an MBA from the top B-Schools, you must appear in examinations like CAT, XAT, MAT, SNAP, ATMA, BMAT and others. 
  • The main eligibility criteria to enrol in the MBA program is to have a bachelor's degree from a recognised university/ institute. 

CA 

  • You can enrol for CPT, with the help of an HSC qualification. 
  • And to enrol in IPCC, you must have graduated. 

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 :

Syllabus of CA Foundation Course

CA Foundation Course Paper-1

CA Foundation Course Paper-2

  • Principles and Practice of Accounting
  • Business Laws & Business Correspondence and Reporting
  • Business Laws
  • Business Correspondence and Reporting

CA Foundation Course Paper-3

CA Foundation Course Paper-4

  • Business Mathematics and Logical Reasoning & Statistics
  • Business Mathematics and Logical Reasoning
  • Statistics

CA Intermediate Course Syllabus

CA Intermediate Group-1 Papers

CA Intermediate Group-1 Papers

  • Accounting
  • Corporate and other Laws (Company and Other Laws)
  • Cost and Management Accounting
  • Taxation (Income Tax Law and Indirect Taxes)

 

 

 

 

  • Advanced Accounting
  • Auditing and Assurance
  • Enterprise Information Systems & Strategic Management
  • Enterprise Information Systems
  • Strategic Management
  • Financial Management
  • Economics or Finance
  • Financial Management and Economics for Finance

CA Final Course Syllabus

CA Final Group-1 Papers

CA Final Group-2 Papers

  • Financial Reporting
  • Strategic Financial Management
  • Advanced Auditing and Professional Ethics
  • Corporate and Economics Laws
  • Strategic Cost Management and Performance Evaluation
  • Direct Tax Laws & International Taxation
  •  Indirect Tax Laws
  • Elective Paper

Syllabus of MBA 

Here is the syllabus for the MBA :

MBA 1 Sem Subjects

MBA 2 Sem Subjects

  • Corporate Social Responsibility
  • Microeconomics
  • Principles of Marketing Management
  • Organizational Behaviour 1
  • Principles of Accounting
  • Business Communication and Soft Skills
  • Quantitative Methods and Statistics
  • Tools and Framework of Decision-making
  • Macroeconomics
  • Business Law
  • Operations Management
  • Organizational Behavior 2
  • Optimization and Project Research
  • Marketing Management
  • Project Management
  • Corporate Finance

MBA 3 Sem Subjects

MBA 4 Sem Subjects

  • Supply Chain Management
  • Financial Modeling
  • Strategic Management
  • Business Intelligence
  • Marketing Research
  • Corporate Governance and Business Ethics
  • Managerial Economics
  • Corporate Finance 2
 
  • Internship Projects



 

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.

Related Programs

Online Accounting and Certificates

ACCA Online Training and Certification

CFA Online Training and Certification

CMA Online Training and Certification

FRM Online Training and Certification

CPA Online Training and Certification

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

Skill Set For CA 

  • Expertise in Accounting and Auditing
  • Amazing Communication
  • Socio-economic conditions. 

Skill set for MBA graduate 

  • Adept knowledge
  • Strategic decision making
  • Time Management
  • Contemporary Vision
  • Pressure handling
  • Leadership qualities
  • Uplifted Work Values

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

BBAU

INR 20 K - 1.8 L

UoH

INR 2.16 L - 4.69 L

Galgotias University

INR 1.8 L - 2.98 L

Shoolini University

INR 5.95 L - 9.4 L

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 :

Specialisations

Course Fee Range (in INR)

MBA in Human Resource Management (HRM) Online

INR 5 Lakh - INR 20 Lakh

MBA in Finance Online

INR 5 Lakh - INR 25 Lakh

MBA in Operations Online

INR 1 Lakh - INR 23 Lakh

MBA in Marketing Online

INR 3 Lakh - INR 25 Lakh

MBA in IT Management Online

INR 5 Lakh - INR 25 Lakh

MBA in Entrepreneurship Online

INR 2 Lakh - INR 25 Lakh

MBA in International Business Online

INR 5 Lakh and INR 15 Lakh

MBA in Rural Management Online

INR 1 Lakh - INR 20 Lakh

MBA in Business Analytics Online

INR 24,000 - INR 10 Lakh

MBA in Hospital Management Online

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

Financial Controllers

INR 15 LPA

Auditors

INR 7 LPA

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

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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.

FAQs (Frequently Asked Questions)

Top Online MBA universities and universities in India 

  • Amity University
  • Manipal University
  • IMT Ghaziabad
  • Parul University
  • ICFAI University
  • Lovely Professional University
  • Jain University 
  • D.Y. Patil Deemed to be University

Yes, the online MBA program is valid and approved by the UGC for all types of employment.

Here are the Universities and institutes offering MBA  :

IIM Ahmedabad

National Institute of Industrial Engineering, Mumbai

IIM Bangalore

IIM Indore

IIM Kozhikode

XLRI Jamshedpur

IIM Calcutta

IIT Bombay-SJMSOM

IIT Delhi-DMS

IIM Raipur

IIM Lucknow

IIM Rohtak

IIT Roorkee-DOMS

Management Development Institute

IIM Kashipur

IIT Kharagpur-VGSOM

SPJIMR Mumbai

IIT Madras-DOMS

SVKM`s NMIMS  Studies

IIM Udaipur

IIM Trichy

SIBM Pune

IIT Kanpur

IIFT Delhi

IIM Ranchi

Amity University

Jamia Millia Islamia

IIM Visakhapatnam

IIM Shillong

 

Your MBA degree can significantly add value to the CA(Chartered Accountancy). After pursuing an MBA degree and CA you get diversified skills that bring a holistic perspective, that helps you to get international exposure, strategic decision making and many more.

The average salary of a CA is INR 8 LPA while the salary of an MBA graduate in the initial stages is INR 7 LPA. Both professions earn high salary packages.

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By Ishika Kumari

7 Years of Experience / Narrator

The journey of my content writing has been a way for me to transform, a path where I could turn my creativity into writing and boost communication skills simultaneously. This path has enabled me to craft compelling stories and taught me the details about engaging with audiences and mastering digital marketing strategies.

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