MBA vs CA: Scope, Job Prospects, Careers, Which is better?

MBA vs CA: Quick Facts

Here is a quick table that will help the candidate to gather some quick facts about both the programs that will help to differentiate between the two courses for your better reference.

What is CA?

Chartered Accountancy is an internationally recognized professional course which in India is conducted by ICAI i.e. Institute of Chartered Accountants in India. To become a Chartered Accountant in India, candidates need to clear 3 stages: CPT, IPCC and CA Final along with Articleship. 

• A candidate who clears all the stages of the exam is called a CA. Candidates can appear for the CPT exam after completing 10+2 . 
• If the candidate wants to skip giving CPT exam, they can complete their graduation in any discipline and after that, they can directly appear for level two i.e. IPCC. 
• CA is relatively a tough course as compared to other courses and requires full dedication and hard work. The average salary of a Chartered Accountant in India is around INR 8.06 LPA. 

What is an MBA?

MBA or Master in Business Administration is a very vast course that offers various specializations. MBA is a 2 year postgraduate program which the candidate can opt to pursue from India as well as abroad. 

There are several specializations offered through this course such as Marketing, Human Resource, Finance, International Business, Financial Management, Operations, etc. 

Admission across top MBA colleges in India are conducted on the basis of various Management Entrance Exams such as, CAT, MAT, XAT, CMAT, ATMA, MHT CET etc. 

MBA Vs CA: Admission process

The admission criteria of both MBA and CA is very different as MBA is a 2 year postgraduate program while chartered Accountant is a professional exam with a duration of 5 years (if cleared in one attempt). Let’s discuss the Admission process for both CA and MBA respectively.

CA Admission Process

Discussed below in detail is the CA Admission procedure in India for your better reference, 

• The first and foremost step is that candidates are not required to take admission in any college, institution or university in order to pursue a CA course.
• However, students need to register themselves in ICAI by depositing requisite fees for the foundation course, 4 - 6 months prior to the first stage of exam i.e Common Proficiency test (CPT). 
• Candidates who have completed 10+2 need to appear for the CPT exam which is held twice a year.
• If the candidate wants to skip this stage, then they must clear their graduation degree in order to appear for the second stage i.e IPCC. 
• At every stage, the fees need to be submitted in order to enroll for the next stage. 
• The candidate also needs to pursue Articleship which is for the duration of 3 years.

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MBA Admission Process

Discussed below is the MBA Admission procedure for your reference, 

• Candidates who have completed bachelor’s degree in any discipline can appear for the aforementioned course.
• The first and the foremost step to pursue an MBA is that the candidate must appear for the entrance exam in order to get admission in the top MBA colleges in India. Some of the entrance tests are CAT, MAT, XAT, CMAT etc. 
• After appearing for the entrance exam, the candidate needs to check their score and according to that score the counseling is done.
• CAT is the top MBA entrance exam as it offers admission to IIMs in India. 
• Once the score is released, candidates need to apply in the colleges on the basis of their rank.
• Several colleges conduct group discussions and personal Interview to test the abilities of the candidate and they are further marked and shortlisted on the basis of that score.
• The final list of the candidate is released and the offer letters are released to which the candidate needs to provide acceptance within a period of time.