CA or MBA


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CA or MBA is a burning question in every graduate and under graduate’s mind who plan to start their career in the world of accounting and finance.

What most students aren’t fully aware is that CA MBA, though both involves number crunching, it’s totally different to each other when it comes to actual work involved in these two profession.

Hence, we compare few aspects CA MBA to help guide students understand the basic difference between the both.

scope of study

CA In depth knowledge on every aspects of accounting, auditing and taxation.
MBA A comprehensive study of managing finance in a business environment.

area of specialisation

CA CAs are involved in core accounting work, looking into day-to-day business.
MBA MBAs are more into management field viz., study of market economics, investment strategies, raising capital, its effective utilisation, people management etc.,

work

CA
  • analysing risk and design of efficient financial system
  • taxation and auditing work
  • finalising and certifying the annual reports and balance sheets
MBA
  • assessing feasibility of business projects vis-à-vis funds available
  • exploring strategies to raise money
  • plan and review new areas for investment etc.,

specific skills

CA
  • logical and methodical approach in work
  • attention to details
  • patience and confidence to handle responsibility
MBA
  • good reasoning ability (understanding the pros & cons)
  • problem solving skill
  • ability to make and implement decisions
  • clear communication

CA MBA – which to choose?

CA If you are extremely good at general accounting and number crunching, and wish to delve more into it, go for CA.
MBA If you are comfortable with accounting and have a strong desire for business part of the profession – with a talent to manage and get work done, comfortable to work in teams, get in to business deals etc., then MBA Finance would suit you perfectly.

 

PS: Students opting for CA earlier, but doesn’t want to practice CA as a profession later and more inclined towards managing funds can very well pursue their MBA dreams once they get a few years of work experience. They can opt for the Executive MBA programme, which is designed for professionals who have worked 3-4 years in managerial capacity in their respective field.

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