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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.
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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
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;
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
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.
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 |
Rs. 4 LPA | |
Rs. 48 LPA | |
Finance Manager | Rs. 9 LPA |
Rs. 12 LPA | |
Rs. 3 LPA |
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
Some of the best colleges offering MBA programmes after CA are given in the table below:
College offering MBA after CA | MBA after CA Fees |
S P Jain Institute of Management and Research (SPJIMR), Mumbai | Rs. 19,95,000 |
Rs. 3,85,000 | |
Rs. 13,85,000 | |
Shailesh J Mehta School of Management (SJMSOM), IIT Bombay, Mumbai | Rs. 9,30,000 |
Rs. 16,00,000 | |
Rs. 6,00,000 |
Check out the Online MBA 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.
Yes, IIM Bangalore and IIM Indore have a tendency to invite CA top performers despite their low CAT percentiles.
Yes, an MBA can be pursued after a CA, as it opens new doors for better employment and good growth.
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.
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.
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.
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.
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
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Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive (BDE) is a professional responsible for identifying growth opportunities and fostering strategic partnerships to enhance a company's market position. Typically, a BDE conducts market research, analyses industry trends, and identifies potential clients or business prospects. He or she plays a crucial role in developing and implementing sales strategies to achieve revenue targets.
A BDE often collaborates with cross-functional teams, including marketing and product development, to align business objectives. Strong communication, negotiation, and relationship-building skills are essential for success in this role. BDE strives to expand the company's customer base, drive sales, and contribute to overall organisational growth in a dynamic and competitive business environment.
Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
Individuals who opt for a career as a business analyst look at how a company operates. He or she conducts research and analyses data to improve his or her knowledge about the company. This is required so that an individual can suggest the company strategies for improving their operations and processes.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
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