Birla Institute of Management Technology, Greater Noida
AACSB Accredited | Highest CTC: 22 LPA
MBA after CA: Having a CA degree is not everyone's cup of tea. It takes full intensity and focused commitment to emerge as a winner through a series of exams. Before planning to join an MBA after CA, aspirants need to know if it is worth the effort and what its benefits are. An MBA teaches how to manage a business. CA teaches you how to save taxes. A CA programme is good for business, and candidates rise up the ranks in their jobs as they get an MBA. Read this article to know which MBA course is best after CA, MBA after CA salary, course duration, fees, etc.
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Aspirants who have completed the CA already have the required skills for studying for an MBA. While some people may feel satisfied after becoming CAs, others may not. A CA degree actually gives some people a decent amount of experience and earnings.
MBA and CA are the best ways to give candidates the career boost they need. Also, it gives them an upper hand over their competitors, as they will be highly sought after in an interview with an MBA and CA. This opens doors to higher compensation packages and bigger opportunities.
While these benefits are enough to pursue an MBA after CA, let's delve deeper into various other advantages!
Entrance Exams to Pursue an MBA
Aspirants who decide to pursue an MBA after a CA programme look at the following compelling reasons:
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There are many reasons why pursuing an MBA after a CA degree is a good idea.
During the CA course, people are trained in areas such as auditing, taxation, accounting, and finance. But when students combine an MBA degree with a CA, they gain essential marketing skills. With an MBA degree, people will understand the current market and industry needs and be able to present themselves and their skills in an advanced manner.
This includes technical skills. Also, as CA is considered one of the highest professional degrees in India, it automatically increases the candidate's chances of qualifying for an MBA from a well-reputed institution.
Studying an MBA broadens students' horizons of expertise in various domains of the current business world, such as marketing, finance, HR, product management, and operations. Not only will candidates be aware of all the common challenges that haunt the corporate world, but they will also be able to offer effective solutions.
Another significant benefit of studying an MBA after CA is that it prepares people with all the leadership skills and business knowledge required to become entrepreneurs. In today's competitive world, almost everyone wants the freedom to start their own business and see its great success over the years. If you are one of them, then CA with MBA will no doubt be the right choice for you.
Networking is one of the most important skills every entrepreneur should possess, regardless of industry. While studying for a CA degree, there are fewer opportunities to expand students' horizons for networking or making contacts. Conversely, an MBA degree is the perfect way to connect with like-minded people from diverse backgrounds.
Candidates will learn about different cultures and participate in various projects and discussions, thus improving their communication skills.
Recruiters are always looking for candidates who don't have a strong academic background but have important soft skills that make them a perfect fit for roles. An MBA helps candidates prove their worth to their recruiter by highlighting their strengths and weaknesses.
Most people don't realize that what they read is what makes the final impression. The environment students study in or the people they associate with play a huge role in shaping their personalities.
Hence, choosing the right college for students with an MBA is very important, as it helps them become new people and boosts their confidence.
A CA degree will definitely get candidates a high-paying job that comes with lucrative advantages. But let's say candidates want to move into higher management positions like CEO or business head. If so, candidates need to understand additional aspects of business, such as people management, human resources, and marketing. This is where an MBA comes in. An MBA with CA prepares candidates with the skills and knowledge they need to land their dream job.
Best thing to know about MBA
The right time to pursue an MBA after completing a CA can be a tricky decision for many. As a newly qualified CA, opting for an MBA can be a wise decision, as it allows candidates to explore other versatile careers later in life. By the time your peers choose another career path, you'll have already added an extra valuable degree to your resume.
On the other hand, many business schools or universities require candidates to have at least two years of work experience with good grades to qualify for their MBA programmes. So, as enthusiasts, candidates have to decide.
If candidates go for an MBA right after completing a CA, they will enjoy practical learning experiences. However, to reap the full advantages of an MBA programme, work experience is essential. The more time candidates spend at their workplace, the clearer they will be about their career goals and interests.
A large number of jobs are available for students who complete an MBA after CA in India. Students can get qualified jobs at companies like Morgan Stanley, Goldman Sachs, and Boston Consulting Group. Some of the best jobs that students can opt for after completing this course are given in the table below:
| Job Profile | MBA After CA Salary |
|---|---|
Rs. 4 LPA | |
Rs. 48 LPA | |
Finance Manager | Rs. 9 LPA |
Rs. 12 LPA | |
Rs. 3 LPA |
The comparison between MBA vs CA courses is given in the table below.
| Particulars | MBA | CA |
|---|---|---|
Full form | Master of Business Administration | Chartered Accountancy |
Duration | 2 years | 5 years |
Eligibility | Graduation with a minimum of 50% marks. | A minimum score of 55% is required for graduates or postgraduates in commerce, whereas other graduates or postgraduates require a minimum score of 60% to apply for CA. |
Admission Process | Entrance-Based | Entrance-Based |
Average Fees | Rs 80K to 1.5L per semester | Rs. 30K to 1.3L per annum. |
Also Know: MBA Placements
Some of the best colleges offering MBA programmes after CA are given in the table below:
| College Offering MBA After CA | MBA After CA Fees |
|---|---|
S P Jain Institute of Management and Research (SPJIMR), Mumbai | Rs. 22.66 lakh |
Rs. 6.48 lakh | |
Rs. 15.66 lakh | |
Shailesh J Mehta School of Management (SJMSOM), IIT Bombay, Mumbai | Rs. 15.55 lakh |
Rs. 22.50 lakh | |
Vinod Gupta School of Management (VGSOM), Kharagpur | Rs. 11.59 lakh |
Check out the Online MBA Admission Process
Admission to an MBA programme is basically done by conducting various national-level entrance exams like CAT, MAT, XAT, etc. Some institutes and colleges conduct state-level exams and consider the marks for the MBA admission process.
Frequently Asked Questions (FAQs)
Pursuing a degree of MBA in Finance is considered the best MBA specialisation for a CA because of its complementary nature, providing a broader strategic and leadership focus that builds upon a CA's technical financial expertise, allowing a CA to pursue top managerial roles.
Pursuing an MBA after CA is not necessary, but it is an option to gain management and leadership skills, which will help you advance into executive positions such as CEO or CFO. The duration for a full-time MBA is typically two years.
CA vs MBA: Who Earns More?
| Course Name | CA | MBA |
| Entry Level | Rs 6 to 8 LPA | Rs 5 to 7 LPA |
| Mid Level | Rs 10 to 15 LPA | Rs 10 to 15 LPA |
| Top Level | Rs 20+ LPA | Rs 20+ LPA |
A typical CA course usually covers subjects like financial account management, taxation laws, accounting, and financial reporting. Pursuing an MBA in finance can be a great idea, as it is similar to the role of a CA.
The average starting salary for a Chartered Accountant (CA) in India is Rs. 8.05 LPA, whereas an MBA in Finance earns a starting salary of Rs. 7.64 LPA.
The duration of the MBA programme is two years (2 years), consisting of four semesters. Candidates who completed a CA can get admission to the MBA degree.
Yes, an MBA can be pursued after a CA, as it opens new doors for better employment and good growth.
Yes, IIM Bangalore and IIM Indore have a tendency to invite CA top performers despite their low CAT percentiles.
On Question asked by student community
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You can download the latest CAT syllabus from here:
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For a B.Sc. with Chemistry, Botany and Zoology (CBZ), if the CAT application asks separately for:
If the Discipline dropdown has a more specific option such as “Biological Sciences,” “Life Sciences,” or “Zoology/Botany,”
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Yes. With 2 years of work experience, you are eligible to target the regular 2-year MBA at IIM Calcutta as long as you have a bachelor's degree with at least 50% marks (45% for SC/ST/PwD). Work experience is not required for eligibility.
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