Hello Somya,

Chartered Accountancy & MBA from IIM, both are very good options in the field, it totally depends on your interest & domain in which you want to make your career.

Salary & Experience - MBA (IIM)

In MBA, you learn more about Sales, Marketing & Finance as well and that too relating to Management.

It provides you an opportunity to work at Big companies if you get placement from the IIM. But, remember, not all IIMs provide good placements.

An MBA from IIM may expect a salary package which ranges between 7 LPA to 50 LPA depending upon the company & your calibre.

Salary & Experience - CA (ICAI)

In CA, the work is related more with Auditing & Taxation, one may work in a Company or independently (practicing CA).

A Chartered Accountant may earn between 3 LPA to 40 LPA and even more depending upon the company & his calibre.

There are some CAs who couldn't even earn 2.5 LPA and some are those who earn more than 70 LPA.

Moreover, one may plan to pursue MBA after CA because Top IIMs give weightage to diversity and it is easier for CAs to make it into those colleges.

All the best!

Dear Aspirant,

Since you’re not from a Commerce background, clearing CA will be quite tough for you because you are not in touch with the basics. Going for an MBA will be a better choice because students from all streams opt for that course and basics are taught in the 1st semester itself. And MBA from an IIM will definitely take you places.