Sounak Banerjee Associate Content Manager
Associate Content Manager
MBA programs equip aspirants with knowledge of a company’s internal functions and business operate. It will help a CA in making better contributions in office meetings by providing solutions to problems.
Candidates may wonder Why MBA? Well, an MBA degree exposes CA aspirants to different perspectives and increases their understanding of different sectors and firms which will help them to gain varied perceptions and a better understanding of the problem.
Candidates who have passed the CA exam already have most of the required skills for an MBA. The program itself allows the candidates to build up their skill set and secure jobs with better salary options.
MBA curriculum ensures that one can get reasonable exposure to all facets of running a successful business, including courses in sales and marketing, operations, finance, human resources, communication, and, increasingly, information technology etc.
See Also: CA Course
Companies nowadays are looking for CAs with business knowledge who would fit the role of a CFO/ CEO perfectly. An MBA degree opens up various opportunities in the popular finance business sphere like Investment Banking and Equity Research.
Why study MBA after CA?
The four compelling benefits that candidates may enjoy by pursuing MBA after completing CA course are:
- Improved skills and knowledge: A MBA degree allows the CA to have a dizzying array of skills and knowledge in the field of business administration. The MBA degree helps in galvanizing the skills and competencies gained in the finance field during the CA course. It allows them to improve their organizational skills as well as their leadership skills. The MBA curriculum allows individuals to gain strategic insight into corporate business and develop contingency plans in case of emergencies.
- Improved Job prospects: Average salary after CAs ranges from INR 6,00,000 to 9,00,000. An MBA Graduate from the Top 10 B-Schools, earns an average salary of around INR 20,00,000 to 22,00,000. The MBA degree also provides them with the amount of fluidity required to switch careers. MBA improves the career options of a CA. It allows them to make the transition from finance to other sectors such as marketing, operations, investment banking, Trading, IT and many more.
- Leverage the best of MBA and CA: A candidate having both an MBA and CA can leverage the benefits of both MBA and CA. The CA curriculum focuses on rigorous learning in specific areas of finance such as accounting, taxation, banking interest, etc. The MBA course takes a much more pedagogical approach and offers knowledge about group discussions, presentations, analysis, projects and collaborative learning. Thus, it allows the candidates to use the technical skills of the CA course and combine them with the soft skills of the MBA.
- Career options Abroad : MBA degree after CA allows the candidates to have a career in the abroad, in countries of middle east and Africa The candidates can also avail job opportunities in Eastern Europe and North America
MBA after CA Future Scope and Career Prospects
MBA after CA is one of the most demanding and high paying career streams among the candidates who are interested to follow their passion for finance and business management.
The demand for Finance and accountant management has drastically increased due to the increase in the jobs of broad skill sets.
Average packages for MBA are on the higher side for both private and public organizations.
Students have a large number of career options given below open for them on completion of MBA after CA course:
- PhD: Students can opt for a PhD program in any of the management field on completion of this course. It is a three-year program and students must hold a Master’s degree in relevant discipline to pursue a PhD course.
- Competitive examinations: Candidates can also go for govt. Jobs and can appear for numerous competitive examinations if they wish to go into the govt. Sector.
MBA after CA Job Prospects
A large number of jobs are available for students who have completed their MBA after CA.
Students will be able to find decent jobs in companies like Goldman Sachs, Morgan Stanley, Boston Consulting Group etc.
Some of the top jobs that students can opt on completion of this course are provided in the table given below:
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Finance Manager | Finance Managers work with other managers of the companies to plan their future budgets and track expenses. | INR 9,91,180 |
| IT Manager | IT Managers lead teams that oversee and tackle network technology, IT security and the software platforms used by a company or organisation. | INR 12,93,799 |
| Management Analyst | Management Analysts do budgeting to develop new programs and policies in a variety of industries and government organisations. | INR 48,79,841 |
| Financial Advisor | Financial advisors work in banks, insurance companies and help clients in achieving their financial goals. | INR 3,68,114 |
| Data Analyst | Data analysts analyse data, interpret and present it in forms of charts or reports. | INR 4,30,229 |
MBA vs CA
The comparison between MBA and CA courses are provided in the table given below:
| Particulars | CA | MBA |
|---|---|---|
| Full form | Chartered Accountancy | Master of Business Administration |
| Duration | 5 years | 2 years |
| Average Fees | INR 30,000-1,30,000 per annum. | INR 80,000-1,50,000 per semester |
| Eligibility | A minimum of 55% score is required for graduates/post graduates in commerce whereas other graduates or postgraduates require a minimum of 60% to apply for CA. | Eligibility criteria for MBA programmes is graduation with minimum 50% marks. |
| Admission Process | Entrance-Based | Entrance-Based |
What is CA?
Chartered Accountancy or CA is a course that includes management of financial accounts, budgeting, auditing, business strategy and taxation.
- You can become a chartered accountant after your XIIth or after completing your graduation or post-graduation. you just need to pass a series of tests.
The whole CA course is divided into some levels-
- CA foundation course in which candidates learn about basics of economy, finance etc.
- The Intermediate level is a little bit tough, candidates need to qualify CA intermediate(previously known as IPCC or integrated professional competence course.)
- After completing the intermediate level candidates now go through practical training of 3 years, which is called Articleship and earn some stipend for that.
- After training, candidates appear in the final exam. The final exam will consist of 8 papers.
- At last after completing all the levels and qualifying for the final exam, candidates will receive the CA certificate.
What is an MBA?
- Master’s degree in business administration or an MBA program includes broad education of accounting, marketing, finance, and management.
- It is typically a 2 year postgraduate program pursued by candidates having a keen interest in the field of business and accounting.
- MBA curriculum involves knowledge in accounting, finance, economics, entrepreneurship, leadership communication, marketing, and organizational behavior.
- MBA skills of the students and professionals to work as marketing managers, financial managers, business operations managers etc.
MBA after CA Colleges in India
Some of the top colleges offering MBA program after CA are provided in the table given below:
| College/ University Name | Average Annual Fees |
|---|---|
| Vinod Gupta School of Management, Kharagpur | INR 6,00,000 |
| Chandigarh University, Chandigarh | INR 3,85,000 |
| Shailesh J Mehta School of Management, IIT Bombay, Mumbai | INR 9,30,000 |
| Woxsen University Hyderabad | INR 13,85,000 |
| S P Jain Institute of Management and Research, Mumbai | INR 19,95,000 |
| Great Lakes Institute of Management, Chennai | INR 16,01,000 |
MBA and CA Admission Process
The admission process for both MBA and CA courses is given below:
| Course | Admission process |
|---|---|
| CA |
|
| MBA |
|
CA Entrance Exams
There is no 'Entrance Exam' as such for the CA course. However, the promotion to higher levels depend on the performance of the candidates in the ICAI exams taken for different levels.
| Entrance exam | Details |
|---|---|
| CA Foundation | Check All Dates |
| CA Inter | Check All Dates |
| CA Final | Check All Dates |
MBA Entrance Exams
Some of the entrance exams conducted by various institute for providing admission in MBA are-
| Entrance Exam | Registration Date | Exam Date |
|---|---|---|
| CAT | Check Here | Check Here |
| MAT | Check Here | Check Here |
| SNAP | Check Here | Check Here |
| MAH CET | Check Here | Check Here |
| XAT | Check Here | Check Here |
MBA Syllabus
The detailed semester-wise syllabus of MBA course is provided in the table given below:
| Semester I | Semester II |
|---|---|
| Business Communication & Soft Skills | Costing Products and Services |
| Business Research Methodology | Corporate Finance |
| Business Statistics | Human Resource Management |
| Excel Spreadsheet Modelling | Indian Banking and Financial Markets |
| Finance for Non-Finance | Indian Economy in the Global Context |
| Financial Reporting and Analysis | Managing Financial Resources |
| Marketing and Consumer Behaviour | Managing Operations and Supply Chain |
| Marketing of Products and Services | Managing Stakeholders and Legal Processes |
| Operation Research | Project Management |
| Organizational Behaviour | Strategic Management |
| Semester III | Semester IV |
| Supply chain Management | Applied Business Research Project |
| Applied Business Research | Decision making and leadership development skills |
| Business Model and Intellectual Property | Internship projects |
| Strategic Management | |
| Leveraging IT for Business | |
| Managerial economics | |
| Core Subjects | Electives |
| Accounting and Financial Management | Systems and processes |
| Business Economics | Advanced Studies in Industrial Relations |
| Corporate Finance | Business and Corporations Law |
| Human Resource Management | Business Economics |
| Leadership and Entrepreneurship | Communication in Business |
| Management of Change | Corporate Finance |
| Management Theory and Practice | Current Developments in Accounting Thought |
| Managing for Sustainability | Customer Behaviour |
| - | Financial Accounting |
| - | Financial Accounting 2 |
| - | Financial Markets and Instruments |
| - | Financial Planning |
| - | Global Marketing |
| - | Human Resource Management |
| - | ICT Project Management |
| - | Integrated Marketing Communications |
| - | International Human Resource Management |
| - | Investments Analysis |
| - | IT Infrastructure Management PG |
| - | IT Management Issues |
| - | IT Risk Management |
| - | Leadership - A Critical Perspective |
| - | Management Accounting for Costs and Control |
| - | Management of Change |
| - | Managing for Sustainability |
| - | Managing Project and Service Innovation |
| - | Organizational Behaviour |
| - | Research Methods |
| - | Strategic Human Resource Development |
| - | Taxation 1 |
MBA after CA in IIMs
List of all IIMs in India along with NIRF Colleges Rankings, location, fees, and placements are given below:
| NIRF Management Ranking | College name | Average Annual Fees |
|---|---|---|
| 1 | IIM Ahmedabad | INR 23,00,000 |
| 2 | IIM Bangalore | INR 23,00,000 |
| 3 | IIM Kolkata | INR 27,00,000 |
| 4 | IIM Lucknow | INR 25,00,000 |
| 6 | IIM Kozhikode | INR 8,75,000 |
| 7 | IIM Indore | INR 7,86,000 |
| 15 | IIM Trichy | INR 9,15,000 |
| 17 | IIM Udaipur | INR 3,08,000 |
| 19 | IIM Raipur | INR 7,28,000 |
| 20 | IIM Ranchi | INR 7,80,000 |
MBA after CA FAQs
Ques. What are the various skills required for an MBA after CA course?
Ans. Some Skills such as strong communication skills, listening, creative thinking skills, Problem solving skills are required for an MBA after CA course.
Ques. What are the entrance exams for taking Admission in top MBA colleges?
Ans. There are some entrances which are conducted at state level and Nation level some of them are- CAT, XAT etc.
Ques. What are the average salaries offered to top job profiles of MBA after CA?
Ans.There are some highly paid jobs such as IT Manager, Finance Manager who bag high salaries upto INR 8,00,000 - 12,00,000 per annum and it increases with experience.
Ques. Which are the top recruitment areas after completing an MBA after CA?
Ans. There are many sectors where MBA postgraduates after completing their degree can apply for jobs such as- IT Sectors, Banks, Finance companies/organisations etc.
Ques. Can I do an MBA after 12th?
Ans. Yes, candidates must have 10+2 passed for pursuing MBA from top institutes by attempting CA CPT entrance exam.
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