Is MBA better than CA?

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Sushmita Mukherjee Posted On - Oct 29, 2020
PGDM from SVKM's NMIMS (2016)

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.

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