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MBA After CA: Advantages, Top Colleges, Scope, Salary

MBA After CA: Advantages, Top Colleges, Scope, Salary

Edited By Alen Tom Shaji | Updated on Jul 10, 2024 11:54 AM IST | #CAT

MBA after CA: Having a CA degree is not everyone's cup of tea. It takes full intensity and focused commitment to emerge as a winner through a series of exams. Before planning to join an MBA after CA, aspirants need to know if it is worth the effort. and its benefits. An MBA teaches how to manage a business. CA teaches you how to save taxes. A CA programme is good for business, and candidates rise up the ranks in the job as they get an MBA. Read this article to know about which MBA course is best after CA, MBA after CA salary, course duration, fees, etc.

MBA after CA in 2024

Aspirants who have completed the CA already have the required skills for studying for an MBA. While some people may feel satisfied after becoming CAs, others may not. A CA degree actually gives some people a decent amount of experience and earnings.

MBA and CA are the best ways to give candidates careers the boost they need. Also, it gives them an upper hand over their competitors, as they will be highly sought after in an interview with an MBA and CA. This opens doors to higher compensation packages and bigger opportunities.

While these benefits are enough to pursue an MBA after CA, let's delve deeper into various other advantages!

Entrance Exam to Pursue MBA

Why an MBA after CA?

Aspirants who decide to pursue an MBA after a CA programme look at the following compelling reasons:

  • Improved skills and knowledge

  • Improved job prospects

  • Leverage the best of MBA and CA

  • Career options abroad

Know more about;

ICFAI Business School-IBSAT 2024

9 IBS Campuses | Scholarships Worth Rs 10 CR

Amity University Noida MBA Admissions 2024

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6 Benefits of Pursuing an MBA After CA

There are many reasons why pursuing an MBA after a CA degree is a good idea.

1. Enhance Your Career

During the CA course, people are trained in areas such as auditing, taxation, accounting, and finance. But when students combine an MBA degree with a CA, they gain essential marketing skills. With an MBA degree, people will understand the current market and industry needs and be able to present themselves and their skills in an advanced manner.

This includes technical skills. Also, as CA is considered one of the highest professional degrees in India, it automatically increases the candidate's chances of qualifying for an MBA from a well-reputed institution.

2. Overall Growth in the Business Field

Studying an MBA broadens students horizons of expertise in various domains of the current business world, such as marketing, finance, HR, product management, and operations. Not only will candidates be aware of all the common challenges that haunt the corporate world, but they will also be able to offer effective solutions.

3. Become your Own Boss

Another significant benefit of studying an MBA after CA is that it prepares people with all the leadership skills and business knowledge required to become entrepreneurs. In today's competitive world, almost everyone wants the freedom to start their own business and see its great success over the years. If you are one of them, then CA with MBA will no doubt be the right choice for you.

4. Networking

Networking is one of the most important skills every entrepreneur should possess, regardless of industry. While studying for a CA degree, there are fewer opportunities to expand students horizons for networking or making contacts. Conversely, an MBA degree is the perfect way to connect with like-minded people from diverse backgrounds.

Candidates will learn about different cultures and participate in various projects and discussions, thus improving their communication skills.

5. Improves Confidence

Recruiters are always looking for candidates who don't have a strong academic background but have important soft skills that make them a perfect fit for roles. An MBA helps candidates prove their worth to their recruiter by highlighting their strengths and weaknesses.

Most people don't realize that what they read is what makes the final impression. The environment students study in or the people they associate with play a huge role in shaping their personalities.

Hence, choosing the right college for students with an MBA degree is very important, as it helps them become a new person and boosts their confidence.

6. Climbing up the Management Ladder

A CA degree will definitely get candidates a high paying job that comes with lucrative advantages. But let's say candidates want to move into higher management positions like CEO or business head. If so, candidates need to understand additional aspects of business, such as people management, human resources, and marketing. This is where MBA is. An MBA with CA prepares candidates with the skills and knowledge they need to land their dream job.

Best thing to know about MBA

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Right Time to Do MBA After CA

The right time to pursue an MBA after completing a CA can be a tricky decision for many. As a newly qualified CA, opting for an MBA can be a wise decision, as it allows candidates to explore other versatile careers later in life. By the time candidates peers choose another career path, you'll have already added an extra valuable degree to their resume.

On the other hand, many business schools or universities require candidates to have at least two years of work experience with good grades to qualify for their MBA programmes. So, as enthusiasts, candidates have to decide.

If candidates go for an MBA right after completing a CA, they will enjoy practical learning experiences. However, to reap the full advantages of an MBA programme, work experience is essential. The more time candidates spend at their workplace, the clearer they will be about their career goals and interests.

MBA after CA Job Opportunities

A large number of jobs are available for students who complete an MBA after CA in India. Students can get qualified jobs at companies like Morgan Stanley, Goldman Sachs, and Boston Consulting Group. Some of the best jobs that students can opt for after completing this course are given in the table below:

Job profile

MBA after CA salary

Data Analyst

Rs. 4 LPA

Management Analyst

Rs. 48 LPA

Finance Manager

Rs. 9 LPA

IT Manager

Rs. 12 LPA

Financial Advisor

Rs. 3 LPA

Difference Between MBA Vs CA

The comparison between MBA vs CA courses is given in the table below.

Particulars

MBA

CA

Full form

Master of Business Administration

Chartered Accountancy

Duration

2 years

5 years

Eligibility

Graduation with a minimum of 50% marks.

A minimum score of 55% is required for graduates or postgraduates in commerce, whereas other graduates or postgraduates require a minimum score of 60% to apply for CA.

Admission Process

Entrance-Based

Entrance-Based

Average Fees

Rs 80K to 1.5L per semester

INR 30K to 1.3L per annum.

Also Know: MBA Placements

MBA After CA Colleges in India

Some of the best colleges offering MBA programmes after CA are given in the table below:

Check out the Online MBA Admission Process

MBA After CA Admission Process

Admission to MBA programme is basically done by conducting various national-level entrance exams like CAT, MAT, XAT, etc. Some institutes/ colleges conduct state level exams and consider the marks for the MBA admission process.

Frequently Asked Question (FAQs)

1. Can I do MBA after CAT from IIM?

Yes, IIM Bangalore and IIM Indore have a tendency to invite CA top performers despite their low CAT percentiles.

2. Can we do MBA after CA without graduation?

Yes, an MBA can be pursued after a CA, as it opens new doors for better employment and good growth.

3. MBA after CA how many years?

The duration of the MBA programme is two years (2 years), consisting of four semesters. Candidates who completed a CA can get admission to the MBA degree.

4. Which MBA course is best after CA?

A typical CA course usually covers subjects like financial account management, taxation laws, accounting, and financial reporting. Pursuing an MBA in finance can be a great idea, as it is similar to the role of a CA.

5. What is the salary of MBA +CA?

The average starting salary for a Chartered Accountant (CA) in India is Rs. 8.05 LPA, whereas an MBA in Finance earns a starting salary of Rs. 7.64 LPA.

6. Can I do MBA directly after CA?

Yes, a candidate who passed the Final stage of the Chartered Accountancy Course or completed the B.Com or BBA from ICAI is eligible to apply for the MBA admission after CA.

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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.

To know complete information you can visit our website by clicking on the link given below.

https://bschool-careers360-com.cdn.ampproject.org/v/s/bschool.careers360.com/exams/cat/amp?amp_gsa=1&amp_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=17217587440447&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fbschool.careers360.com%2Fexams%2Fcat

Thank you

Hope this information helps you.

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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