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Which is the better option: SRCC or to pursue CA after standard 12?
According to the reviews online, SRCC is a much more reliable option than to pursue CA right after your class 12.
Here are some things that will be better if you choose SRCC:
- SRCC will play a major role in developing your personality.
- CA tends to limit your learning and knowledge to only classes and studies. But SRCC will give you a chance to explore and learn various industry related things.
- SRCC will give you proper training which will be relevant when you join the industry.
- Studying in a college is basically like working in a professional environment. You have to maintain punctuality and prioritize your work.
- Lastly, even if you are unsure about studying CA, studying in a college will give you clarity.
Therefore, it is suggested that you opt for SRCC rather than rushing with the stress of being a CA.
Is MBA better than CA?
MBA is offered as a 2 year full time program MBA in India. It is one of the most popular postgraduate courses in India. Admission in MBA is based on the CAT, XAT, CMAT, Gmat, etc. exams. The entire Chartered Accountant course takes 5 years for completion. Students have to go through a CPT (Common Proficiency Test) which will lead to the inclusion in ICAT (Indian Chartered Accountants Institute).
The table given below shows a brief overview of both programs:
|
Categories |
MBA |
CA |
|
Course Fee (approx.) |
23 Lakh |
1.85 Lakh |
|
Placement Percentage |
100% |
42.79% |
|
Highest CTC |
70 LPA |
50-70 LPA |
|
Average CTC |
25.83 LPA |
20 LPA |
Placements:
MBA Recruiting Companies -
The top recruiting companies include Deloitte, Accenture, Infosys, Capgemini, Citibank, ITC, Nestle, Saint Gobain, JP Morgan, Wipro, Microsoft, Phillips, Reliance, L&T, McKinsey & Company, Avendus, Asian Paints, etc.
CA Recruiting Companies -
The top recruiting companies include JP Morgan, KPMG, Deloitte, E&Y, Federal Bank, Lodha & Co., IDFC Bank, Luthra & Luthra, Citibank, Edelweiss, Morgan Stanley, etc.
Admission:
- Admission in MBA is based on the various entrance examinations like CAT, CMAT, SNAP, XAT, MAT and NMAT.
- CA admissions is based on the Common Proficiency Test (CPT), Intermediate (Integrated Professional Competence) Examination and a Final Examination.
The amount invested in a CA is less compared to an MBA degree. Out of 100 only 3-5% of candidates are able to qualify with CA and get certified. 90-95% of candidates who opt for MBA courses end up getting good jobs with generous salary packages. So the demand of pursuing MBA is much higher in India than CA.
How are the placement opportunities for Chartered Accountants/ Finance Professionals at ISB (PGP) Hyderabad?
It is advised that you not rely on overly optimistic answers from admission consultants, enthusiastic alumni, or overpaid faculty regarding the opportunities for Chartered Accountants/ Finance Professionals at (ISB (PGP) Hyderabad.
- Placements: Finance jobs are considered to include investment banking, private equity, venture capital, mergers and acquisitions, financial planning and analysis, equity research, credit rating, asset management, and tax and advisory services (by Big 4).
- Faculty: The visiting faculty at the Mohali campus is highly engaged and humble, but the domestic faculty is deemed by a lot of students as incapable and arrogant, with one professor even coming to class drunk.
- Curriculum: The finance curriculum at ISB is well-designed and provided enough material and case studies to students. There are students who also take electives in Data Analytics in Finance and Introduction to FinTech and found the quality of these courses to be good.
Which one is better after 12th commerce, doing IPM IIM Indore or doing Chartered Accountant?
Chartered Accountants and IPM from IIM Indore are not comparable because of their vastly different natures. You are advised to move toward the area of interest over here. IPM aims to develop each student holistically by helping him learn and excel in a variety of areas. Your presentation abilities improve, and your overall development is boosted. It has several different domains as its primary focus.
A CA, on the other hand, is deeply involved in the accounting industry. To be clear, it's a correspondence course. After studying, you take your exams, then write your articles. Your course of action in this will determine only your personality development and presentation skills.
You should choose between these two based on your area of interest.
Which will pay me better: CA or IPM IIM Indore?
CA (Chartered Accountancy) and IPM (Integrated Program in Management) are two different career paths with different job prospects and salaries. CA is a professional degree in accounting and finance and is highly respected and has a well-salaried job in the industry.
A fresher Chartered Accountant in India can earn an average salary of around 7-8 lakhs per annum, and higher with more experience and expertise. On the other hand, IPM is a five-year program offered by IIM Indore that combines undergraduate and postgraduate studies in management. Graduates from this program are generally placed in management roles in various industries, with starting salaries averaging around 10-12 lakhs per annum, and increasing with experience.
The final decision of which career path to pursue depends on your interests, skills, and career goals. Both CA and IPM offer excellent job opportunities and potential for growth. So, choose wisely, All the best buddy!
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