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CA vs MBA - Differences, Scope, Salary, Eligibility, Careers

CA vs MBA - Differences, Scope, Salary, Eligibility, Careers

Edited By Prerna Goel | Updated on May 21, 2024 10:58 AM IST | #CAT

CA vs MBA: Know the differences- Looking at the present competitiveness, the importance of having a professional degree cannot be denied. On one hand, we have professional courses like Chartered Accountancy (CA), CS, and on the other side, we have a postgraduate degree like Master of Business Administration (MBA) through CAT 2024, which has its own benefit label. Usually, students are searching for CA vs MBA, which is better, Check out this article to know all the details pertaining to CA vs MBA, such as CA vs MBA salary, CA vs MBA from IIM, MBA vs CA: which is tough etc.

CA vs MBA: Know the Differences

There is a vast career scope for an MBA in several areas of business, along with effective knowledge in management, analysis, and business strategy. On the other hand, chartered accounting deals with specialisation in all fields of business and finance. If a candidate has a specific interest in the finance domain, then choosing between CA and MBA finance can be a tough decision to make.

Careers360 brings you clear details on CA vs MBA, course structure, scope after CA and scope after MBA, career path, MBA vs CA salary in India in comparison between the two courses, and much more.

MBA or CA Which is Better? Overview

Check out below the differences between CA and MBA based on various factors.

Particulars

CA

MBA

Investment

Economical. The overall money invested in a CA certification is less compared to an MBA degree.

It is highly expensive if you are planning to do it from Top B-Schools like IIMs, XLRI, etc.

Pass %

Out of 100, only 3–5% of candidates are able to qualify and get certified as CA.

90–95% of candidates who opt for an MBA course end up getting good jobs.

Career options

A few options are available. For a qualified CA, ample options are not available.

Wider options are available.

Exposure

3 years internship

few months internship, ranging from 3 to 6 months

Difficulty Level

Tough

Moderate to Difficult
(80% of candidates crack the exam and pass.)

If one wants to pursue CA, then he/she has to think in advance. Whereas an MBA course can add additional value to existing professions. Nowadays, even executive MBA courses for working professionals are also available.

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What is CA or Chartered Accountancy Course?

Chartered Accountancy is an international and professionally recognized course. In India, the CA course is conducted by ICAI, i.e., the Institute of Chartered Accountants of India. A person who qualifies for the Chartered Accountancy course is known as CA. To be recognized as CA, candidates need to appear for the CPT (Common Proficiency Test) after clearing 10+2.

If any candidate does not wish to give the CPT level, then he or she can register for IPCC on the condition that they have a graduation degree. Keeping in mind the track record of passing candidates in the CA course, it is always advisable for candidates to have at least a graduation degree.
The main objective of the CA Course - To provide exposure to the Financial and Accounting sector.

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What is an MBA or Master in Business Administration?

In the investigation of MBA vs CA, one of the quests is why MBA and not CA. A Master’s in Business Administration commonly called an MBA is a postgraduate degree that is widely recognized all over the world. Candidates with an MBA degree are open to vast opportunities. Bachelor’s degree from any background like Science/ Humanities/ Commerce etc. is acceptable to pursue an MBA course.

To take admission in MBA courses, many national, state, and university exams are conducted, like CAT, MAT, XAT, CMAT, BMAT, ATMA, MAH CET, and many more.

The main objective of the MBA Course - To provide exposure to different domains like Marketing, Human Resources, Finance, International Business etc.

Course Duration

Events

CA Course

MBA Course

Duration of Exam

Four years (only if candidates clear in the first attempt)

Two-year degree programme

CA vs MBA: Eligibility Criteria

Once you know what CA and MBA basically are! The next step in MBA vs CA is to know the CA and MBA eligibility criteria. CA and MBA both occupy popular positions under top professional courses. Below mentioned eligibility criteria can be checked by candidates if they are planning to either take up the CA profession or pursue an MBA course degree.

Eligibility

Chartered Accountant (CA)

Master’s in Business Administration (MBA)

Bachelor’s Degree

Not Mandatory

Mandatory

Exam conducting body

ICAI i.e. Institute of Chartered Accountants of India

No Single Body (IIMs)

Levels/Semesters

Three Levels i.e. CPT, IPCC, CA-Final

Four Semesters

Job Aspect

Chartered Accountant, Auditor, Finance Manager etc.,

Manager, Team Leader, Human Resource Head, etc.

How to Enroll in CA and MBA?

Course

Particulars

CA

  • To enroll for CPT, HSC qualification will help candidates to enroll themselves for CA Course.
  • To enroll directly in IPCC, graduation is a must.

MBA

  • Top B-Schools provide admission candidates only on the basis of management tests like CAT, MAT, XAT, SNAP, BMAT, ATMA etc.,
  • While most B-Schools in India require Bachelor’s degree to enroll candidates for the two-year MBA programme.

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MBA vs CA: Which is tough?

A Chartered Accountancy (CA) is way tougher than an MBA course. A Master of Business Administration (MBA) is not that tough as compared to a CA. While pursuing CA, students have to study subjects like financial accounting, business environment, auditing, reporting, general management, taxation, etc.

CA career scope and prospects

Although many professional and diploma courses have emerged in recent times, the importance of CA courses cannot be overlooked. A well-qualified CA is in demand in all industries. As a CA, an individual can work with the government, public undertakings, or private sector companies as well. If one does not wish to work under someone, then CA has the option to practice individually.

The choice is yours—whether you are comfortable working in a small or midsize private practice, auditing and consulting firms, banking, or the corporate sector. You may get a chance to work with the Big 4 or join any multinational organisation (MNC). Almost every huge organisation has an accounting or finance department, and it’s up to you to decide where to apply.
Related Article- How to become a CA in India

Job Prospects After CA Course

  • Auditing firms, Taxation
  • Management Consultancy Services
  • Practicing Individually
  • Corporate law

Scope of an MBA program

Apart from the lucrative MBA salary in India package, a person having an MBA degree will have uplifted career opportunities. The importance of having an MBA degree can not be neglected. MBA can be pursued as a part-time MBA, full-time, or as a distance MBA. Candidates having MBA degrees have a demand in every industry. If you wish to know more about what an MBA is all about.

The international exchange programs give you networking opportunities and a chance to spend time at an international campus, get insights into another culture and their business scenario. The electives are the various specializations offered by the school. Some of the schools offer a wide range of electives that you can choose from as per your interests. The internships give you an opportunity to try your hand at some new area you wish to familiarize yourself with. It would be a good idea to check the placement statistics including the recruiting companies of the various schools while you apply.
Read More- All about the MBA

Career Options After MBA in India

You might be interested in-

Skills Set Required for CA or MBA

The skills required to become a chartered accountant are:

  • The lucid approach of Accounting and Auditing
  • Excellent communication
  • Knowledge of socioeconomic conditions

An MBA graduate is expected to possess the following skillset:

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

CA vs MBA - Fee Structure

The breakup for CA fees and the total amount is as follows:

CA Fee Structure

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
Final course registration fee
22,000
ITT training
6,500
Orientation
7,000
GMCS-I
5,500
GMCS-II
5,500
Total
68,500

*- These are the approximate figures, the actual fee may vary.

Also Check: IIM Fees for MBA

CA + MBA Salary in India

Before taking any decision to pursue CA or MBA check out the CA vs MBA salary one can after the completion of the course.

CA vs MBA Salary in India

Some of the good companies offer an attractive starting salary for the right candidate. The average starting salary may range between Rs 6,00,000 to 7,00,000. Though bigger companies may pay a much higher compensation package, smaller firms would not be able to match this range.

Salary offered to MBA Graduates in India

Job Profile/Role

Minimum Salary Per Annum

Average Salary Per Annum

Maximum Salary Per Annum

Operations Manager

Rs. 3,89,000

Rs. 7,97,786

Rs. 10,60,000

Senior Business Analyst

Rs. 4,76,000

Rs. 9,44,493

Rs. 11,70,000

Human Resource Generalist

Rs. 1,59,000

Rs. 2,94,138

Rs. 6,78,000

Marketing Manager

Rs. 2,98,000

Rs. 7,56,522

Rs. 11,90,000

Business Development Manager

Rs. 2,59,000

Rs. 6,01,423

Rs. 11,40,000

Human Resources Manager

Rs. 3,19,000

Rs. 7,38,960

Rs. 11,70,000

Business Development Executive

Rs. 181,000

Rs. 3,18,081

Rs. 5,93,000

Project Manager (IT)

Rs. 5,01,000

Rs. 12,38,000

Rs. 20,00,000

Assistant Human Resources Manager

Rs. 2,92,000

Rs. 5,31,567

Rs. 9,42,000

Relationship Manager

Rs. 2,03,000

Rs. 4,24,954

Rs. 9,59,000

Marketing Executive

Rs. 1,67,000

Rs. 3,05,043

Rs. 5,54,000

Business Analyst (IT)

Rs. 3,02,000

Rs. 5,96,465

Rs. 11,00,000

Area Sales Manager

Rs. 4,07,000

Rs. 7,81,611

Rs. 11,40,000

Senior Sales Executive

Rs. 2,20,000

Rs. 3,99,836

Rs. 7,22,000

Executive Assistant

Rs. 1,48,000

Rs. 3,24,264

Rs. 8,09,000

Financial Analyst

Rs. 2,23,000

Rs. 4,38,313

Rs. 8,47,000

Regional Sales Manager

Rs. 5,57,000

Rs. 11,83,000

Rs. 20,00,000

Finance Manager

Rs. 5,22,000

Rs. 11,42,000

Rs. 23,00,000

Account Manager

Rs. 3,39,000

Rs. 7,00,000

Rs. 15,00,000

Management Consultant

Rs. 5,62,000

Rs. 13,50,000

Rs. 20,00,000

Note- It must be noted that the above-mentioned table only shows the approximate values. The salary may vary.

What is Difference Between CA vs MBA?

It’s purely based on your interest and the area you wish to work in. The scope of work for a CA is mainly in the field of finance and accounting area whereas MBAs have more diversity to choose from. There are CAs as well as MBAs who have climbed up the ladder and reached higher positions, though we may say that in certain areas like investment banking, financial consulting, or mergers, and acquisitions, an MBA would be preferred over a CA.

On the other hand, there are instances of CAs who have picked new skills while on the job and handled greater responsibilities than someone who has an MBA degree. There are also CA professionals who apply to international MBA programs to have a shot at a global career. So, we can sum up that a lot depends on the nature of your job, the related responsibilities, and the learning involved.

What is CA? What is MBA?

A Chartered Accountant (CA) is a financial professional qualified to perform certain accounting procedures. A Master of Business Administration (MBA) is a graduate degree that provides theoretical and practical training in business or investment management.

Frequently Asked Question (FAQs)

1. Is MBA equal to CA?

In the field of business and finance, both MBA and CA are popular degrees and career options. 

2. Is MBA hard than CA?

CA is considered to be tougher than MBA by most experts. 

3. Is MBA earn more than CA?

Both CA and MBA have the possibility of having a high amount of salary depending on the role and employer of candidates. 

4. Who is better, CA or MBA?

It’s purely based on your interest and the area you wish to work in. The scope of work for a CA is mainly in the field of finance and accounting area whereas MBAs have more diversity to choose from fields such as HR, finances and other.

5. Does CA earn more than MBA?

The CA average starting salary in India is Rs 8.05 LPA, whereas the starting salary of someone with an MBA in Finance is Rs 7.64 LPA.

6. Is it better to do MBA after CA?

MBA degree brings significant value to Chartered Accountancy (CA). Pursuing an MBA degree helps CAs diversify their skill set by developing a holistic business perspective, offering international exposure, strategic decision-making, etc.

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Questions related to CAT

Have a question related to CAT ?

Hello aspirant,

A bachelor's degree from an accredited university with a CGPA of at least 50% (or an aggregate of 45% for the SC, ST, and PwD/DA categories) is required in order to appear in the CAT exam in 2024. Duration and manner of degree: The course needs to last three years. The mode might be online, distant, or regular.

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Hello student

As a self-employed individual with your own cafe, you'll need to provide documents that establish your business and work experience. Here are some documents you can prepare for your CAT application:


1. *Business Registration Documents*:

- Partnership Deed (already have)

- Business PAN Card (already have)

- FSSAI License (already have, though it's in your partner's name)

2. *Proof of Business Ownership*:

- Affidavit or declaration stating your ownership and role in the cafe

- Business registration certificate (if you have one)

3. *Proof of Work Experience*:

- A letter or certificate from your partner or co-owner confirming your work experience and role in the cafe

- A detailed resume highlighting your entrepreneurial journey and responsibilities

4. *Financial Documents*:

- Income Tax Returns (ITRs) for the last 2-3 years (if applicable)

- Balance Sheets and Profit & Loss statements for your cafe (if audited)

5. *Rental Agreement*:

- Already have, but ensure it's updated and signed


Additional tips:


- Ensure all documents are scanned and uploaded in the required format (usually PDF or JPEG)

- Keep your documents organized and easily accessible for the application process

- Be prepared to provide additional information or clarification if requested by the admission authorities


Remember to check the specific requirements for each B-school you're applying to, as they may vary. Good luck with your CAT application!

Hello aspirant,
The CAT exam syllabus is not officially prescribed, but it generally includes topics from the following sections:

1. Verbal Ability and Reading Comprehension (VARC)
2. Data interpretation and logical reasoning
3. Quantitative ability

  • Arithmetic

  • Algebra

  • Geometry and Mensuration

  • Number System

  • Modern Math

It seems unlikely that you would be able to get admission in the BTech CS branch at BIT Sindri or Mesra with a CML rank of 2058 and category rank of 433.

Key points:

1. The search results indicate that a CML (Common Merit List) rank of 2058 is quite low for admission to premier engineering colleges like BIT Sindri or NIT Mesra.

2. The cutoff ranks for BTech CS branch at these institutes are usually much higher, often in the range of 1000-2000 for the general category.

3. With a category rank of 433, you may have a better chance of getting admission in the reserved category quota, but the competition is still quite high.

4. The search results do not provide specific cutoff details for BIT Sindri or NIT Mesra, but the general trend suggests your current ranks may not be sufficient for the CS branch in these institutes.

My advice would be to:

1. Check the latest cutoff ranks and admission criteria on the official websites of BIT Sindri and NIT Mesra.

2. Explore other options like state-level engineering colleges or NITs where your current ranks may have a better chance of securing admission.

3. Consider improving your performance in the next attempt of the entrance exam to increase your chances of getting into your desired BTech program.



For VARC, read daily from diverse sources (newspapers, novels, journals) to improve comprehension and vocabulary. Practice RC passages and verbal ability questions regularly. For DILR (Data Interpretation and Logical Reasoning) and QA (Quantitative Aptitude), solve previous years' papers and take mock tests to identify weak areas. Join a coaching institute or online courses for guidance and stay consistent with your study schedule. Review and analyze your performance in mocks to understand mistakes and improve. Maintain a positive mindset and stay disciplined in your preparation.

View All

1-radian measures 600. (True/False)

Option: 1

True


Option: 2

False


$111111^2$ = 

Option: 1

123456654321


Option: 2

123454321


Option: 3

123454321


Option: 4

12345654321


1111112 =___________ 

Option: 1

 123456654321


Option: 2

1234554321


Option: 3

123454321


Option: 4

12345654321


159702 is divisible by

Option: 1

7


Option: 2

9


Option: 3

11


Option: 4

6


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

What best can be said about the number of satellites serving C? 

Option: 1

Must be between 450 and 725 

 


Option: 2

Cannot be more than 800 
 


Option: 3

Must be between 400 and 800 

 


Option: 4

Must be at least 100 


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

What is the minimum possible number of satellites serving B exclusively? 

Option: 1

100


Option: 2

200


Option: 3

500


Option: 4

250


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

If at least 100 of the 1600 satellites were serving O, what can be said about the number of satellites serving S? 

Option: 1

At most 475 

 


Option: 2

Exactly 475 
 


Option: 3

At least 475 

 


Option: 4

No conclusion is possible based on the given information 


1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

The following facts are known about the satellites: 

1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

2. The number of satellites serving all three of B, C, and S is 100. 

3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

Question:

 If the number of satellites serving at least two among B, C, and S is 1200, which of the following MUST be FALSE? 

Option: 1

The number of satellites serving C cannot be uniquely determined 

 


Option: 2

The number of satellites serving B is more than 1000 
 


Option: 3

All 1600 satellites serve B or C or S 

 


Option: 4

The number of satellites serving B exclusively is exactly 250 


2839155 is divisible by

Option: 1

2


Option: 2

7


Option: 3

55


Option: 4

None of the above


'a' for which x^{2}-ax+9= 0 can be written as square of a linear factor is

Option: 1

6


Option: 2

-6,6


Option: 3

\left ( 6,\infty \right )


Option: 4

\left ( -\infty,-6 \right )


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