This view seems to be entirely correct. The job prospects in the key banking sectors (Investment Banking, Treasury etc) are exclusively for top notch MBA intitutes(read the IIM’s). A CA’s resume will not even be shprtlisted for the same. Even though the kind of curriculum that we study is pure finance but the day to day skills of presentation, negotiation and communication are not incorporated in the curriculum itself. An MBA during his two years is taught in such a manner that the moment he qualifies, he is well equipped to enter the market with all the relevant skills (Including but not restricted to Finc

hi madhur,
i totally disagree that mba’s are having an edge over the ca’s… i do agree that due to their presentation skills and the reputation, placement by their institutes they start high as compared to chartered accountants…
But my dear friend let me throw a light on the fact that ca’s are the creators while mba’s just visualise and present it in a better way what ca’s create. u can visualise this with the help of any transaction entry… The ca’s enters a transactions, whereas the mba he just manipulates the figures and presents it in a better way, being entered by ca…. Thats all….
Gautam Khetan

I believe MBAs are in no way as competent as CAs when the criteria are of Knowledge and Skills. Though, I obviously agree that they are better placed in Corporate world because of there communication and inter personal skills.

In today’s world even rubbish can be sold on strength of packaging and marketing. Using there presentation skills MBAs are able to acquire better job positions with good corporates.

If CAs can develop these skills they will prove much better of than MBAs.

Sometime back, i heard that ICAI is planning to offer six months residential course at IIM, Bangalore for CAs on voluntary basis. This might turn out to be good step.

Yes Madhur i do agree with u. Actually we only concentrate on our syllabus our text books and acaedemics that we do not pay any attention to our presentation, communication skills and there we lack behind.We spend 3-4 years in studies only believing that its our knowledge only that counts but we forget that at the end of the day “jo dikhta hai wo bikta hai”. We lack in markeeting skills. we always have a better future prospective than MBAs but we dont know how to market ourselves. You cant compare an MBA with a CA as regards as knowledge is concerned but they definitely have an edge in confidence level and it is here only that they score.
So i would like to suggest that if we pay a bit atention to PERSONALITY DEVELOPMENT we gonna have best of both the worlds.

This has always been a debated issue!….But only in CA circuits.I wonder whether a B-school ever had such a topic for debate.The fact being,MBA is the “in” thing.The Top B-school Grads get salaries better than a Top CA.Moreover,they’ve got “brand names”(IIM being th best one),which perhaps a CA lacks.ICAI has failed to establish itself as a brand name.It has boiled down to just being a central “facilitator” for CA exams,not more than that.
I fail to agree that better packaging sells MBAs more than a CA.I firmly believe that packaging gives just “an edge” and not more than that.& in this case,its more than just an edge.So,it has to be something more than the “packaging”.
But,what i would also like everyone to take note of,is that there are many MBAs who are jobless,and there are many who do it for the sake of adding a degree to their “biodata”(The reason might be the sea of MBA colleges across the country).But,no one will ever come across a CA who does CA for the sake of his/her biodata.So,if we take out an All India Average,CAs might just turn out to be the winners!(will try to get statistics).
Also,its a known fact that the knowledge content of a CA is better than a MBA.So,CA are the winners in this part too.
In the end,I’d like to conclude that,when we talk about the Top,we dont take the averages,we just have to talk about the Top!….So,until & unless ,the top CAs command better salary than the Top MBAs ,& build a brand name for the profession & the institute….v’l always be No. 2.Its the ICAI which has to take the initiative.Are the guys listening?

Pranav said we need “Personality Development”.,and for the same reason, ICAI has launched the GMCS programmme.I hope Pranav will/has take/taken 200% benefit of the GMCS training…….wotsay Pranav…

Hi…Madhur,
Who’s better ? I think its a very relative subject/topic.There is no doubt that an individual really toils harder to become a CA than an MBA but at the same time one must also realise that an MBA aspirant works really hard to get into an a class institute and harder to get out of it with flying colours.

An MBA (Finance) definately commands better pay packs compared to the rival because the new stream of this professional qualification..MBA( compared to CA )overtook CA at a very crucial time when the market got overflooded with CAs(15-20yrs ago)…when this CA explosion in the market happened…it spelt disaster for the community as there were no jobs to match their qualification/salary & this happened because India had not opened its economic policy…there were hardly an corporate to accomodate the qualified CAs….at this point MBA gradually picked up & got an edge over CAs & have maintained a lead in terms of commanding a better price & position in a corporate….even though the work profile does not fall in sync with each other…at the end of the day…its who takes a better package & position…..initially when I mentioned relative….I meant every individual have their own opinion & corporates their requirement.
To sum it up ….hope everyone knows WHO’s BETTER…!

CAs vs MBAs: the popping-up of this question at a site for CAs in itself makes it quite apparent that somewhere CAs themselves feel that they are in a way inferior to MBAs…but what I feel is that these are two different fields…both have got there own importance…where an MBA excels in presentation, communication etc, at the same time CAs have an upper hand when it comes to accounting, and details etc…such type of questions don’t occur to MBAs… Instead of comparing themselves to MBAs, CAs should rather work towards improving their presentation and communication skills so as to improve their overall personality…the Indian Inc requires both CAs and MBAs…Both have their own place and importance in their specific area of activity and weighing the two is not correct intellectually.
Shazia Khan
MBA-FORE School of Management

Heat is on need more inputs from CA’s…

Why not CA and MBA can work as a “Team”. My calculation is:

Determination + Hardwork + Dedication + Personality + Leadership + Teamwork = Win Win Situation for every one??

Hello Mr. Naresh Vaid and others.

With due respect to all of you posting my next argument, let’s see the reaction now.

I still proove my point again. Your lone voice can not represent the entire community of CA’s. The difference remain the same and it will remain, because a CA act like a shield to an MBA. Read the points below:

1. An MBA can take all important decisions and have full control over the organization including a “CA”

2. Ever heard a CA represent an organisation any where else except financial matters.

Muskan for you.

Its realy sad that CA’s are undervalued and not paid high, the entire blame is on Indian system as here the wages are low.

It all depends upon the organisation chief to deciede who is the most valuable asset of the company a “CA” or a “MBA” and based on that they decide to pay.

Suggestions for all CA’s:

1. Knowledge: Does not mean that you have read many books and remember all the subjects, but it has more than that.

2. Being a sighning authority does not reflect that you can take the core decisions for the management of company.

3. Why not the institute works toward personality development of CA’s.

4. Why all CA’s carry negative attitude, I mean here only pointing out the wrong things or weak points.

Dont took me harsh, but I dont like the system where institute trained a CA in India. Life is beautiful and we should learn to enjoy it.

The core of a professional is allround development, open mind, aggressions, lively and positive.

its my 2c

As shazia said that CA’s feel inferior to an MBA, its CA’s who have fuelled this debate.It seems that she doesnt have points to defend themselves.

It seems that Mr.Romit has underestimated Chartered Accountants in the field of Information Technology. Dear friend, our institute has launched HIGH END SPECIALISED COURSES in the field of IT. Also, it would be unfair to pin point the institute relating to their training programmes.

A CA gets exemption in various professional exams in India as well as abroad. This shows the credibility, reliability and recognition of the course contents. But, i haven’t heard any such exemption to an MBA.

To conclude, i would like to appreciate the views of Mr. Siddharth Surana, who says that instead of making it a debate, let both the professionals work together.

Gautam Khetan

Shaily says Ca is 4 times better than Mba and shipra says CA has 3 times more knowlegde than MBa…m sure u people have some statistics to prove it….

But jokes apart…in todays world it realy doesnt matter who posseses more knowledge but what matters is who uses his skills the best..

Mr Naresh…it doesnt really matter who has the signing authority…as that authority has been confered by the law. Signing few papers and authenticating them does not make them a better professional. What matters is who pulls the threads and makes others dance to his tunes….

Romit has rightly pointed out that CAs are not IT savvy…i agree to it to some extent…but Mr romit…every MBA is not a charming dude…I have come across many MBA “DUDS” in my limited experience in corporate till date.

and guys…a 15 days prog is not at all sufficient to enhance all those skills which r drilled into an Mba in 3-4 years of his education.

Vrinda is right in sayin ‘We’ve got all that it takes, but we just need to channelise it in the right direction’. So freinds its upto us to groom us…accuire that charm…be suave and polised…accquire all those skills which makes one a better professional…

No degree or course can make anyone a better professional. It depends from individual to individual.

Madhur Khandelia

hi friends.
i fail to understand that where does it comes to ur mind to compare these two professions.i wud say that each has its own uniqueness.where the profession of CA is more knowledge oriented the MBA curriculam concentrates on presentation.
if at all i were to put my finger on one i wud say that CA is much better coz it is the one and only of its kind and the criteria of passing is such that only the best can clear it.mba may be tough to enter but very easy to clear as i hav been seeing.
thanks.

CA v/s MBA: A question much debated by CAs rather than MBAs. Why? As one comment here puts it: ‘CAs probably feel insecure’. But Why should they? Do MBAs have more knowledge or brains than a CA.I don’t think so. So what does an MBA have? Two things, according to me: A broader perspective & a better perception. ..hmm sounds like MBA talk.
Broader perspective? It simply means ‘looking things from both micro & macro levels and from all possible angles’ (did it sound like a formula from chemistry!) An MBA course in itself is very broad based. MBA students learn things from a variety of subjects including those related to their specialisation. The case studies, team work, presentations, summer projects,etc. are a definite plus and add to the softer skills of a to-be-manager. A potato can be mixed with any vegetable. Likewise an MBA can fit in more or less any function of an organization (please excuse the example as this is the only one which crossed my mind!) Its no surprise if an MBA with Finance specialization is seen designing promotion strategy for that new product.

Better perception. This means that an MBA perceives himself and is perceived by others as one complete packaged and ready to use product. Jo dikhta hai woh bikta hai bhai. MBA institutes not only market themselves to prospective students, they also market their students to the companies. Remember, an MBA carries weight in direct proportion to his or her Institute’s ranking. There must be atleast 10 MBAs passouts every year for one CA passout. Atleast eight out of these would not get a great career start because their institute was lesser known and so were they. So, perception plays a big role! I strongly feel that perception of CAs should be changed. They should not be ‘seen’ as a guy jisko itna hi ATA (audit, tax, accounts) hai. I know CAs who are razor sharp and can make top-institute MBAs sweat. Its not as if they are not doing good in their careers. They are, pretty much. But, they could have probably done better only if they carried the right perception!

Would wind up with this line by a great personality-

Does not matter if you are a CA or MBA or…
If one believes in himslef, great things can be achieved!

Disclaimer: These are personal thoughts of the writer and not intended to create trouble. The last line which you read is also writer!

I think the CA + MBA combination is what the corporate world today really needs. A thorough mix of knowledge and presentation skills are required to suceed. The Institute should tie up with all the IIM’s in the country or on its own start a one year MBA programme exclusively for CA’s. This one year addition can push the CA into a different paradigm and make them unmatchable. Remember that a CA +IIM(A) graduate received the highest pay package in 2005 and sets a benchmark for others to follow.

Dear Members,

there is no doubt in it that CAs are more thorough and analytical, but the reason for better placement of MBAs may be that they are equiped with better weapons to fight in the Corporate World.

The reasons being that they go through proper classroom study atmosphere with well disciplined & seniors faculty. As against faculty in our areas are mainly Chartered Accountants who are more enterpreneur than a faculty.

Their syllabus emphasise also on presonality and communication skill, where our syllabus emphasise only on technical skills.

We get training from Chartered Accountants firms which emphasis more on taking work from the Article and in the case on MBAs, they utilize their time in Campus and preparing and presenting projects during the two year tenure.

This should really be a matter of great concern and this matter cannot be left only upto discussion and debate, but the profession require a overhauling,

I can remember that my GMCS batch which is first batch of GMCS at Lucknow and the Coordinator is Mr. Gyan Pandey has also emphasised on weakness in the CAs due to improper channel of study.

I have represented my view on the topic and also requires views from other members specailly from young CAs.

Disclamer : i have given only my view and my intention should not be taken in negative.

Regards,

Vijay Jain
+919839350172

pls read this joke then u will come to know that who is beter

This particular joke won an award for the best joke in a competition
organized in Britain and this joke was sent by an Indian……

A MBA and a CA go on a camping trip, set up their tent,
and fell asleep.

Some hours later, the CA wakes his MBA friend. ” look up at
the sky and tell me what you see.”

The MBA replies, “I see millions of stars.”

“What does that tell you?”

The MBA ponders for a minute.
“Astronomically speaking, it tells me that there are millions of
galaxies and potentially billions of planets.
Astrologically, it tells me that Saturn is in Leo.
Time wise, it appears to be approximately a quarter past three.
Theologically, it’s evident the Lord is all-powerful and we are small
and insignificant.
Meteorologically, it seems we will have a beautiful day tomorrow.
What does it tell you?”

The CA is silent for a moment, then speaks.

“Practically…Someone has stolen our tent”.

”

DEEPAK NAHATA
CHARTERED ACCOUNTANT

If the ongoing debate is bewteen CAs and MBAs from premier institutions like the IIMs then I agree that MBAs do have an edge over us CAs in terms their presentation and Communication Skills.

But to the extent the debate relates to the difference between CAs and the MBAs from non premier institutions (mbas)…these class of mbas cannot claim to be at par with their counterparts form the IIMs and similar institutions….Well I have come across mbas in a fortune 500 American Oil MNC doing data entry work.

One more point that all will agree is when a person Tells sombody that s/he is a CA nobody asks ‘From which institution’ but the same is not the case with a MBA. When someone tells me that s/he is a MBA I instinctively ask ‘From where did you get your degree’

A debate titled ‘Who is better – MBAs or mbas’ would be more interesting.

Sudhir Shenoy

Dear All,

Things that we need to understand here …..

1.) You can complete a CA course in 30,000 or so…..A MBA degree costs 4.5 Lacs…
There are people in CA from all walks of life….it is not so in MBA where only affluent and middle class people enter. These who enter into MBA are already convent studied and are thorough in their English and style…..Compare that to a average CA student who comes from any where between a small village or town to that the son of Birla (Kumar Mangalam Birla)….

So there lies no point comparing the cream to the milk…..

2.) Wrong Comparison…
We are comparing two very different things…..Like we cannot compare India and China, similarly we cannot compare MBA to CA…..Moreover because of today’s media (who broadcast that MBA get 1 Cr salary) MBA has got glorified….BUT the point I wish to make is that what are we comparing……The elitist of the elite make it to the top B schools….They already have 3 yrs work experience….. I know many CA in jobs who have three years of work ex and are earning 7-8 lacs p.a. (same to that of average salary of MBA from a top notch school).

So again on this point we cannot compare the both….

3.) Minimum Salary….Best point…
Lets see the other side now……..WHAT IS THE MINIMUM SALARY OF AN MBA???????? Because of the supply pressures they go down to as low as 7,500 per month…..yes I can produce you people who have done MBA and earn this much……Now what is the minimum salary of a fresh CA…..Lets take up the case of campus recruitment of Bangalore….the minimum salary offered ranged between 15,000 to 20,000 p.m…….Now who earns more in the beginning…

Here again CA scores over MBA.

4.) Facilities….
In my GMCS batch we had Mrs. and Mr. Chaturvedi who had come from IIM Lucknow to impart knowledge to us on attitude….There one person threw a question to Mr. Chaturvedi that who is better MBA or a CA???? He gave a very interesting answer…..he said……CA’s are better in knowledge BUT the facilities provided to and MBA student are far superior…..He again stated the cost of the two courses to be the main difference…..

5.) Choice…..
CA gives us a very fine edge over MBA because it gives us the choice of either practice or job…..whereas approximately 95% MBA students aspire to do jobs after their graduation…..Then they forget all the entrepreneurial skills taught to them…..

Here once more we see that we are in a better position after clearing our degree…

Therefore, in the end I see that Institute has done a lot for the profession and the students in like…….

I somehow cannot blame the institute for the lagging of CA to MBA(in the physiological sense)….It is the problems of the students who do not actively participate in their ciricullam…..

If it had been institute fault we would never had personalities like Prannoy Roy, Kumar Mangalam Birla and Shekhar Kapoor pass out as Chartered Accountants.

–
Regards

Dhruv Seth
B.Com, A.C.A., D.I.S.A. (ICAI)
Seth & Associates.
90, Pirpur Square, Narahi,
Lucknow-226001
Phone :- 0522-2288287 (o)
9935522611 (m)

I compliment Dhruv for such a nice reply. Those who have attended the inaugural function of the auditorium of our branch would have listened to the word of wisdom of our President. He said ” you may find an MBA unemployed but you will not find any CA unemployed”. Second thing, which he said was that MBA is done after doing engineering or so and therefore, any hefty package which we hear of, is not because of only being MBA, it is because of knowledge of other stream or the expereince.

Thanks
Pankaj Agrwal
Chartered Accountants
302, Chintels House
16 Station Road
Lucknow 226 001
Phone 2293522
pankaj@mgcoca.com
agrwalpankaj@gmail.com

Dear Friends

This is an age old debate with no certain conclusions.

Now to add to these qualifications is another degree MFM (Masters in Business Management). This is a judicious mix of the earlier two degrees.

Now who is better?

I think it is irrelevant. It is not the degree that matters; it is what you make of it on your job. Other than the specific job of audit for which they are chartered, all other jobs require professional in situ management. I know of some CAs who are very proficient and dedicated ‘managers’. But it needs to be understood that CAs working as Chartered accountants have a specific job which is not managerial. They do not have the leadership role, other than managing their own team of accountants.

On the other hand, the syllabus of MBA courses is very generalist and managerial implying they have the ability to ‘lead’ a team.

An MBA could fit into any assignment, whether it be HR, Admin, Marketing, or what have you. An accountant does not shift.

I have been dealing with CAs, MFM, and MBAs. I must confess that the later two have a better grasp over certain ‘soft skills’ that they have been able to develop. In fact they consider these soft skills their bread and butter, and keep regularly updating their skills.

On the contrary, I remember I was a part of the training team at ICAI, Bangalore focussing on communication, Presentation skills and personality development, and that all fresher were obliged to attend this orientation course.

Now some times two years back a feedback was taken from the freshers and the majority of the CAs felt that there was no need for them to be put through these soft skill programmes. The management of the ICAI, therefore decided to modify the course content minus these soft skills. CAs are now therefore sadly back to square one.

I personally feel that the MBAs are one up due to their managerial skills and such other soft skills. In case the new generation of CAs feel the above contention relevant they need to get back to training establishments to induce them to professionalize their courses, and include soft skills as a part of their curriculum.

Do that and you may be no less than MBAs.

I have almost 40 years experience handling people in various capacities. I have been the VP of a software development company having raised it in India, and had both CAs and MBAs on roll. The person who excelled best was in fact a MFM guy who was a perfect blend of business management and finance. I have traced his career and find that where ever he applied he was offered a job. He was offered one at Tatas, another at Reliance, one at IBM Global services, and so on. So what really matters these days is your personality. If you feel that you have a perfect personality and there is no need to be trained on certain aspects of personality development, as is the actual situation at ICAI, so be it.

With malice towards none.

Arun Malhotra

beg to differ with you Sir,

WHY DO WE ALWAYS HAVE TO BLAME THE INSTITUTE FOR EACH AND EVERY THING ????

Why cant…….

1.) We have more group discussions regulary at branch level amongst members and students alike….(A hit formula at our RRC’s)

2.) We have a better library at our branch….(If members donate their old books (which are not required) may be the dream of a library can be achieved very economically…)

3.) We promote CICASA….If you ever have the privilege of visiting Bangalore try to visit the branch there…..There is a separate section in the branch for SICASA (South India Chartered Accountant Student Association)….

Many of our branches in India would not be as active as SICASA…..It is entirely run by students and for the students…..They conduct seminars themselves, have management skills development, have sports activities, conduct mock papers, have group discussions, formed study circles…….etc.etc…..This is all done by the students themselves which eventually helps them in getting more lucrative job offers….It is not because Institute has helped them, it is because they have helped themselves.

4.) There be personality development classes for the members….

5.) We have a work shop on best practicies in our profession….Corporate world is reaching for Six Sigma attainment, we can also inculcate the better practicies followed by the professional brothers into our own offices.

Institute is there to work at the macro level and not delve down to the micro issues……..People say that institute has not done enough for the personality development of the students to make them comparable to MBA’s…..Please forgive me for mentioning the words “General Management and Communication Skills course” or more popularly known as (GMCS). I peronally learnt a lot from these classes even though i had the opportunity of studying from a better school.

INSTITUTE HAS DONE WHAT WAS REQUIRED……It has created a path for us to walk, but if we wish to stand were we are, then we would be left stranded!!!

Moreover to your question as to why does not Lehman Bros and ABN amro never visit our campus….may i reply that ITC, Airtel, ABB ltd, Dr. Reddy, Aptech, Citi, L & T, Maruti and to top that up your said bank ABN Amro also visited the campus and it’s need for Chartered Accountant can be found in the scroller at http://www.placements-icai.org/

WE HAVE TO STOP OURSELVES TO BE SPOON FED AND TAKE COGNIZANCE OF THE FACT THAT THERE EXISTS A WORLD WHICH WE, CHARTERED ACCOUNATNTS CAN GRAB WITH BOTH HANDS !!!

–
Regards

Dhruv Seth
B.Com, A.C.A., D.I.S.A. (ICAI)
Seth & Associates.
90, Pirpur Square, Narahi,
Lucknow-226001
Phone :- 0522-2288287 (o)
9935522611 (m)

interesting topic indeed and one can go on passionately shielding or pushing for the side taken. But there are certain very fundamental reasons why MBAs enjoy so much clout these days…
1. the price for mba’ s is also inclusive of his base degree plus experience he put in earlier to the mba degree
2. the company in the liberalised economy needs more managers and the hr department feels mba’s are naturally suited for the job…(it is a myth…is different issue as it is people’s perceptions and it do matters)
3. the marketing strategy of the institutions ensures that the mba degree is marketed very well so that their growth prospects are more prosperous…
4. clear cut focus and concentration on subject or area specialisation.
5. it is a full time course with better facilities grooming your personality

Now coming to our CA….where do we stand…
1. the price is only for our degree as freshers we dont have any experience..
2. the name itself conveys our specialisation that we are good in accounting and taxation….real finance is something different.. is it so easy to handle M&A, derivative hedging, forex or securities trading or risk management…right from the word go…no way..we need to have confidence that we can do ……no doubt but without exposure,it is nothing but overconfidence and will definitely lead to disaster only…MBA by virtue of the case study method, project report and summer placements are better exposed to the high funda finance …
3. what is the marketing strategy of our institute…do we have any strategy atleast on other areas….
4. specialisation..what options we are giving….some time back some member opined that our institute has introduced some high end course in information technology….sadly mistaken…our institute has not created anything new…it just copies from international market ….the dsa course is still not recognised when compared with international cisa and many members are opting to do cisa these days rather than dsa….the same way abt the insurance also…there is no need to create separate courses….you just enter into alliance with professional institutes already existing in the country with industry recognition and make them available to the members and that will be best knowledge management solution…..the focus is not there on syallbus contents and the same set of subjects are still pursued with slight tinkering here and there ….is it specialisation….?
5. ours is a part time course fully depended on individual effort with no developmental or grooming chances..where do the person gets time….

abt kumar mangalam birla….though he is CA but he is also a MBA… the same way one can keep quoting abt leaders but their success cannot attributed to ca qualification alone…rather i can quote the present central bank of india chairperson..as perfect example for the success of ca qualification…she rose from the PO to the present post…but see the rise of mba’s in the industry…

Ultimately the need of the hour we need to recognise the perception of the industry and we need to either change the industry perception or our perception and try to learn and give a run for the mba’s….i am not sure how far we can succeed in the first option… but i am confident from my experience..try second option…definitely you emerge more successful than anybody else…

ganesh

Dear friends,
Whether a person is MBA or a CA, it does not matters. Bcoz its more important to have the ability to execute a working perfectly. Both their working defers from situation to situation. if the CAs want to be superior then talk like this: CA’s signature is being accepted in the Income Tax dept. (an obligation by law, but no of an MBA, as every TOM Dick & harries (colleges) are issueing MBA certificates. but for becoming CA there is one and only one.
if the MBAs want to be superior then talk like this:
CAs work monotonously only on sided accounts only, the MBAs have more scope than any other stream, …..but remember all have the different scope as

A long hulla bulla over the CA vs MBA issue, read through it all very patiently. Well, None impressed more than Dhruv. None could have analysed better than this, especially, to the comparison issue and the alternative edge, which is the nucleus of the entire issue. As regards a dual qualification is concerned, i.e. a CA going for MBA, it is happening vice versa. And gone are the days when personality, presentation and placement preferences were MBA rights and only MBA s vcould take home more salaries.

One more truth, yes, our Institute needs tog room us still more for giving us that corporate edge which has been the fantasy. But however, good the physician might be, when there is a complicacy, cannot do without a surgeon. Ever seen a company running only with MBA’s and having CA s only only for Auditors!!!!!!!NOOOOOOOO!!!!!!

We are also the privilged ones and rather we are giving them suffocating competition!!! So, cheers for that and if we just keeping marching ahead like this, the MBA fobia will fade away in no time, I tell you!!! NO more just Finance for us now, we are capturing Operations, Logistics, Brand Management, Strategy Planning and much more!!!!

Anyone who wants to discuss salaries being earned or diversification, may write back. Well, what Dhruv has written is in any case very right, rather I would say, he has given conservative figures, the grass is still much greener on our side. Just keep grooming where it needs! after all that is what an MBA does to you! Why cant you do it to yourself!!!

Raginee Goyal,
B.Com, A.C.A., D.I.S.A.(ICAI),
Manager Finance & Commercial,
Godrej Consumer Products Ltd.,
Guwahati
Assam

Hi, there are just a few works or jobs which can be managed single handedly otherwise most of the jobs and businesses these days need a team work. And those who can manage people, those who can get work done through people meeting the realistic deadlines can only pursue any lucrative workline. Many CAs as everybody knows thrive on dalali,brokerage,commission short of things. Only a few brilliant, hardworking and knowledgable CAs reach big heights through perseverance. ICAI managed through its branches is a worst managed structure. ICAI should first immediately abolish the useless,short timed,`lecture method’ of imparting CPE. Instead ask POUs to hire high profile lecturers, CEOs, Politicians to dvelve upon the art of managing work,people and places with case studies. Branches should be managed by Senior CAs with help of MBA professors,IAS retired people etc. Organise more and more programs giving opportunity to members to articulate. GMCS and computer education everybody knows are illmanaged. How can a 15 days orientation can change bring cultural change ?

What is countable is personal enthusiasm and passion to achieve. It changes personwise.
ICAI and verious renowned MBA institutions are providing best education and try to add in qualities. They contribute a lot to build the economy and advanced life. History proves that a person with best quality only wins. The qualification is countable but not enough to put a person at the pick. Most of the businessmen are non professional and employing a lot of CAs and MBAs.
So in my view, we should not enter into proving the superiority in between CA and MBA. We should try to generate a passion and to achieve the determined goal with enjoyment of life.

Friends!! i am somebody who is both a Ca and an mba…i hate it when people talk about mbs keeping all of them on one common platform…to tel you every mba institute holds a rating like A+ etc..and there is something called as a top ten also !! let us get down to terms ca’s can only be compared with those mba’s that pass out from such top b-schools!!!BITTER REALITY!!! REST ALL MBAs are JUST TIME PASS!!

second- most of the people taking management programmes in india are engg. grads with some job exprience..that means MBA is your second chance….how can you compare ur second chance with a CA’s first chance???? logical comparision is between ca and ur engg. degree!! AB BOLO!!

third: U mba guys say that you have great analytical abilities…guys …Our average Salary is low because we also entertain PSUs on campus..so getting a low average is obvious!!! u mbs dont wanna go for PSU cause all you want is money and thus ur average figures gets inflated!!

Fourth:you mba guys get to work with pWC/ KPMG/ EY/after you grad from ur b school spending an astronomical 6 Lacas…many of your ca friends got an association with these brands when they were just kids( in their articleship)!!! so whose better???

Fifth: when i passed out of the ca institute i got a domestic offer of 27 lacs…is it less????

last: If u think Life ends at iim A- let me tel u !! one of ur Ca friends is doing his MBA at the Harvard Business school!!! and thats ME!!!!!
OK NOW U TEL WHOSE BETTER????

hi
i don,t agree with your idea,because we all take into consideration one aspect of chartered accountant,but i enlighten the other aspect of ca carrear as a practitioner.ca in practice can able to generate that much money that no mba can think of that and also the reputation in society of ca in business world & also in society is much higher in comparison to mba.because maximum of mba are jholachap but for ca hard working and tremendous mind is the main requirement.

assss

Hi Sri,

I know many MBA’s who don’t even know basic fundamentals of finance. I am not talking about “A” grade MBA’s who are from top elite schools in India but am talking about people who has done MBA’s from schools run in the street. I agree that there is no comparison between both of them. MBAs can’t challenge CAs in accounting and taxation skills (no way) and CAs can’t challenge MBA’s in analysis skills.

Only speaking rosy english in not a pre requisite to enter into corporate world. If we are not strong at the fundamentals all corporate will shut the doors for us despite that fact that the guy we must be speaking best English in the world.

I don’t have a single doubt that corporates will be helpless without CAs and MBA’s too. Both can not be done away with and we should not undermine any community. So far as comparison is concerned, I don’t feel we are below MBAs (leave aside MBA’s from elite schools like IIM).

After all corporate world is acknowledging this fact.

Compare this and you may not have a single doubt.

Good CAs / Total Ca Base (125000 approx)
Good MBAs/ Total MBAs (countless as every street in India has MBA School)

Hi
It doesnt matter what you are a CA or a MBA. Those degrees are just a launching pad. What matters most is your commitment, your hardwork and your vision for your future. This should be sustained throughout your life and that will take you
to great heights. Getting these degrees dont assure you success throughout your life rather what you decide to make out of those degrees. I know of Indian lawyers who have carved out a name for themselves in their field notwithstanding the fact that Law exams in India are looked down and frowned upon.
Whatever field you are in, give out your best that’s my advice to youngsters..

i think mba n ca are two entirely different fields of study..a ca specialises only in accounts & taxation but an mba can specialise in finance or marketing or advertising…etc.WHAT a ca can do..an mba cannot,no matter whether he is an mba in finance.So obviously we cannot compare the two…but if the comparison is made then obviously CA’S ARE FAR MARE BETTER THAN MBA..an mba might have better communication & presentetion skills but a CA is far more intelligent & hard working.A CA’s expertise can never be questioned…u wil never find a CA unemployed..an average student can clear the mba exams…….but to clear the CA exam u need to be realy intelligent & hard working.Just for your information my friends the passing percentage of ca is jussst 4% to 6%…not every1 can be A CA… but with so many management institutes in our country, just any1 can b AN MBA….so dont u dare say that an mba is better than CA,
“CA’S ARE MUCH BETTER THAN MBA…..GOT IT!!!!!”

Dear Dipinti,

There is not limit to the minimum or maximum salary that a CA or any other professional can get. It entirely depends upon ones personality, traits, qualifications, strenghts n weaknesses.

I see many CAs drawing as less as 10 k per month as starting salary and some as high as 40-50 k per month as starting salary and aftr that only sky is the limit.

Hope it answers ur queries

O hh , after hearing and readind about lotz of debate between CA’s and MBA’s , I want to have the attention af all the readrs pointed towards one fact. They should look at the objective and sectorwise placements to both the qualifications.

I am a CA and i have realized that syallabus of a CA is specifically designed to cater to the needs of Manufacturing sector where margins are between 10 to20 pc net profit. How ever MBA’s are absorbed by Banking and finance sector where raw material cost is nil. By having the debate between two people are debating that which is better, Knowledge or personality ( good personality includes attitude of learning). so better appproach is that people should compare MBA’s with CFA of USA.

Someone opined that he (CAs) need one additional one year course to develop personality, which will make the entire course duration to 5-7 yrs, and by that that time the entire knowledge will become obsolate.

We feel that the entire course duration should be 1 or max 2 yrs and there is urgent need remove articleship (may be replaced with say 2 yrs workex). These flexibilities will certainly put the CAs in advantageous position.

Rigidity of the ICAI (whisch anyway is not recognised outside India, people in europe & US dont even know that this institute exist.) will create problems for institute and also for members. Keep bosting will not help post 2009 when the service sector will open.

There is urgent need to remove articleship as its nothing bu a kind of slavery. Where th CA institute recognises the potential of its students @ $25 per mont.

I wud completely second what Riaa is saying…

Tarry, my dear…

U mustn’t be aware that Bank of Nova Scotia, a canadian firm is coming to ICAI for recruitment this Dec….

Also, i have myself attended australian migration seminar wherein Australian Govt officails were keen on giving pr to the Indian CAs.

Also the profeession is fairly recognised in other Asian countries with pool of Indian CAs making into top management…..

As far as MBA is concerened, no-one can deny that an MBA prof (IIM or like inst. grad) gets paid more than a CA. However, it may kindly be noted that Indian CAs for the first time have got an average package of 6 lacs this campus making our profession one of the highest paid profession in the country….

Hi all,
As far as the two renowed professions are concerned, i think that the professional growth of an individual depends upon his willingness to learn and apply the knowledge in the best interest of an entity. The degrees and clothes only make someone feel that there is a person inside it but only when the person speaks, then only his real wisdom can be judged.

Hi…. i was searching for reliance india phone and i came across your post and it is definitely the most sensible thing i have seen in a long time, and in my opinion you got something good going here, i have to get my friends to subscribe to your post about CA Vs Mba.

Hi,
ALL.. how r U ?? i just read al the comments posted here..Ur comments are really helpful.. but…U MUST NOT COMPARE CA with MBA. CA is GREAT !!!!!! I have completed my MBA in Finance from a renowned University.But, low salary for MBA and lengthy advancement /promotion just slap me. I am now an article student in a renowned CA firm, and really enjoying the PRESSURES,…. but u know U CANT EXPECT A FRUIT WITHOUT GIVING FERTILIZER TO THE TREE. It is really wonderful to learn PRACTICAL things while doing ‘jack of all traits, master of none’ in mba……….PRAY FOR ME!!!

communication skill , leadership, personality, presenatation and analysis count the most
You get pay higher because you have these asset

WHY IIM get higher salary because
there are like basmati rice which are pick from pool of ordinary mix rice by CAT EXAM

IIM only do cooking BAstmati rice into Biryani
that why price of briyani is more because of price of basmati rice

where as ordinary rice is cook into local meal by local institute and has local price

Hi all,
CA == MBA from IIM.
I am a Mechanical engineer, I know the value of both CA and MBA guys.
But i have got to tell that CA’s are alway’s great. the major differences between CA’s and MBA’s are
1)hardwork
2)talk
MBA’s talk a lot. but when it comes to work they don’t perform as they promise. ultimately these guys have to come to a CA .
Were as CA’s let their work do the talking.

And i feel it is easier to get into IIM than clearing CA in first attempt.

i’ve attended CAT class used to teach to us by IIM-A passed out.Then i saw their analysis skills r great they think like god.No wonder when 12 lacs salary p.a. any C.A. gets it makes news;getting 1 crore in a year does not make new any more.I’m not convenient that CA is difficult to crack in ist as many many cleared it in ist attempt and finding it impossible to get into top institute.Now a days result is very high in days to come like engineers u’will ‘ve to say oh i’m ist attempt CA to get any praise.The more logic is those who get 90% in 10th class do engineering those who get 60% do C.A.;an average can never crack CAT but agood engineer crack CAT n get fat packet.I accet ca final is tough but it is just tough n that does not make them superior to M.B.A.Comaring them to IIMs is like doubting on uncut diamond.

guys i know CA is hard and it will be hard for any CA student to swallow the fact that MBA is better , but cmon brothers and sisters they are.

CA placements , ICAI cant get 100% placements for its final passed students … this year we reached the highest point and its was just 62% placement . When compared with MBA everyother MBA colg had 100% placements also the average placement of ICAI was 5.93 lac which is lower than the minimum package of many MBA colleges … take down the fact guys MBA is better there are some 25-30 mba colleges which can get u a better job than CA

talk about MBA’s compare all 250000 odd MBA’s.. Now dont be so illogical to say 23 MBA colleges or stuch stuff..
Dont worry dude, i have worked in finance industry for more than two years and my colleagues respect me for my professionla qual..just to tell you my colleagues range from IIM’s , Isb . Spjains , IIFT, FMs to all top colleges..
Dont forget , if you want to compare , then in finance we stress on ROCE , return on capital employed…now tell me are you really a financial analyst…at least i am ..

CA.

but in case of CA, it is normally imposed on you. I think the best way to compare between the two is to comapre between the salaries and the promotion and you will get the answer

CA…try to make both the clients HAPPY but they always finally end making themself HAPPY by POCKETYING there Treasury ..that what is teh CA….do. If you do not belive get the ANY CAs, OWN BALANCE SHEET any MBA can CATCH them red Handed. Such CA membership ID must be submitted to Institute to it cancelled. You will see more than HALF will be cancelled. TRY it..CA guys your PRIDE can be taken for RIDE..but we as a BUSS world do not like to take…so be cool..& do not ever try to CLIMB….upside with MONKEY BUSS..

I Myself is a CA + MBA, When i was Only CA i was around more NonSense character, who will always BOOST OF Accounting Std..Empty filled….minds…

Even I am astonished to see such comments by a member of the institute. If you can’t respect your profession, you don’t have self respect !!

Would like to know if there are certain functions that only CA can perform and MBA cant?

Are Indian CAs recognised abroad as well

Hi guys,

just want to introduce myself on http://www.forum4ca.com, hope this is the right category for that purpose.

Kind regards,
Max

The Institute of Chartered Accountant should be very proud of the fact that so far we had no Enron or Lehhman Brothers. The MBA’s should be appreciating our efforts that we have provided them with fair financials to rely on. However they have gone wrong lot of times – the market analysis and reports they predict are often wrong.

I leave it to their judgement to decide !

IF we are comparing two profession we should comapre Avg. of the both.

CA as a profession is much better than MBA because of the following reasons:

1.There is only one Institute in India who control CA profession but in every street there is MBA institute so CA is much organised profession.
2.After CA we can do indipendent Practice or Service but in MBA there is no such option
3.CA is a authoritative profession having recognised signing authority
4.CA are more knowledgeable than MBA
5.To do Ca is less costly than MBA
6.MBA is just an additional degree
7.If we combined earning+Raputation in the socity CA’s are in better position
8.CA is a technical profession like Doctors and Advocates comand more respect than MBA
9.Now institute is taking steps to improve presentation and communication skill of the CA’s also so when a profession having technical as well as presentation skill no person will think about this
comarision.
10.A poor student can think to do CA on the bases of his intelligency and hard working and change his life , which is not possible in MBA.

11. You can think of taking MBA degree as an additional degree but no one think to take CA degree as an additional degree.

So CA as a profession is much better than MBA

Hi every body,

i have read all the above coversation for CA vs MBA, based on that i also understand that the CA is better than MBA why becoz one MBA guy cannot able to signed in the TAX or Accounting purpose but an CA can do every thing, and for studying CA we have to work lot to achive the position of CA and we have to cross many mile stones.

So guys go head for CA and i am also going to do a CA.

Accounting managers working in a corporate setting perform responsibilities relating to tax reporting and management, and creating income statements inside of controller and audit groups. This career path may bring one to the positions of corporate treasurer, corporate controller, or CFO (chief finance officer). Professional accountants working for a public accounting company will perform functions similar to those performed by independent audit or tax consultants. An educational history or background based in accounting, either as a Masters degree or as a finance MBA, will give you some of the coursework you need to have in order to take the CPA (Certified Public Accountant) exam.

CA can do anything MBA can do. But MBA cannot do what a CA can do..

Sign a Balancesheet…

and all you pieces of shyt who think mba is better ..
go take a reality check.. this must be new for u .. but leme tell you i also had to move around with morons during my articles ..
but hell they had knowledge and i had personality..
and im a ca to day.. doin better than most mba’s and as far as personality goes people u havent seen killa people in ca .. but then its changing.. people like me bringin the change ..
mbas can………………………………………….
go figure………. ;-P

7 Chartered accountants and 7 Mba are going from PUNE to Mumbai.
So they both gather at Pune Station.
Both groups are desperately trying to prove their superiority.
SCENE 1 (PUNE- MUMBAI) :
—————————————
7 chartered accountants take only 1 Ticket and 7 mba buy all 7 tickets..
Mba are desperately waiting for TC to come……
When TC arrives,
All 7 Chartered accountants get in one toilet So when TC knocks , one hand come
out with the ticket and the TC goes away….
—————————————-
NOW on return Journey All of them don’t get a direct train to PUNE.
So they all decide to take a Passenger till Lonavala, from there they
can
easily get a LOCAL to PUNE
SCENE 2 (MUMBAI – LONAVALA) :
———————————————
Mba decided, “this time we will prove that we too are
equal”….All 7 Mba take 1 Ticket. Chartered accountants don’t buy any ticket at
all!!!!!..
TC arrives….
ALL MBA IN ONE TOILET.ALL CHARTERED ACCOUNTANTS IN THE OPPOSITE ONE..
One C.A. gets out and knocks the door of Mba toilet, One
Hand comes with the tickets, he takes the ticket and entered in his bathroom.

TC DRIVES out ALL the mba from the toilet and they are heavily
fined
———————————————
SCENE 3 ( LONAVALA) :
—————————————–
SO now both the group r on LONAVALA station. Mba planning their
move for last chance, they board the local to Pune.
This time mba decide that they will play the same(1 ticket) trick.
ALL Mba take 1 tickets…Chartered accountants BUY all 7 tickets this
time…
SO TC Comes.. All Chartered accountants showed their tickets…..
Mba are still searching for toilet in the LOCAL train………..
—————————————————————-
Conclusion: Technically intelligent people are genius, but don’t mess
with Chartered accountants

Hi,

Nice to go through this discussion. I have been offered admision at IIM-A and want to get into the finance domain. But I have spent most of my days at work writing code. Will a CFA help me in getting into a good position? And how much is the work-load while preparing for CFA?

there is no doubt that CA’s are far better than mba’s. in this recession period only by doing an mba does not have any value in the markets, but where as CA’a do have the capacity to earn in lakhs with respect.

Hi friends,
This debate in my view is not required et al.Comparing these two in my opinion is not relevant.Role of a MBA is more broader than what is understood.It is primarily that of administration,Strategic implementation,management control& research.I believe due to the emergence of so may so called b-schools in india,the MBA qualification is bieng misunderstood and earned too easily without any work experience.

CA is a professional qualification and is a specialised study in corporate accounts/audit/taxation.The research portion is what is lacking in this professional course.The programme structure does not include any research based study.

There are other specialised professional courses like CFA for corporate finance/investments

CFP for wealth management/financial planning

FRM for risk mitigation/enterprise management.
All these specialised field of study cannot be compared and are best in their own expert domain.

However,MBA(finance) enables you to manage different functional areas and knit them as one unit to get the best results.Here more emphasis is on research,innovation & implementation than just calculations.For calculations,interpretations & predictions we have specialised professionals.

So friends i hope it’s high time we understand the organisational structure of an enterprise better and find a role for ourselves.Each department require a specialised field of study.Every professional/Degree holder has a unique yet interdependent role to play.

LONG LIVE THE FINANCE PROFESSIONALS…….BETTER GROWS THE FINANCIAL INDUSTRY!!!!

People[PPL ] who pass the CA exam were Unable to Crack the CAT

If you want to be a number-cruncher, then go get a CA. If you want to boss number-crunchers around, then get an MBA.

Quite lengthly discussion on CA vs MBA here.

Dhruv points has more truth on the back engine support for both the courses than others.

1 important point to note in discussion was “Salary”. It seemed that only salary was the medium to conclude the success of a person being CA or MBA and compare them. No issues with that since its impossible to get data on others also.

1) Institutes- Some MBAs work in 2010 in KPO as temp guys becuase they have completed their education from TierIII institutes which doesnot have MNC recognition. Also many PGDM coruses say they are in par with MMS/MBA courses whereas the infrastructure and faculty quality differs from each institute offering such autonomous courses.

2) Salary- In todays world there exist no connection between education ans salary. The truth- my friend who has done her BA (literature) from Mithibai Arts College is earning INR 6.5 lakhs p.a. from Vodafone, her job profile – media communication analyst. What it means- she looks after the costing, layout and contents for each printed Vodafone communication to customers etc. Would say IAS and ICS are more intelligent and better in earning than MBAs adn CAs. Even docters are in bas shape to earn good income considering it costs anyway between INR 20 lakhs to INR 40 lakhs to become a docter. When can they get the retuns? Illiterate guys working in MNS party earn more than a CA and MBA so they can sya that being illiterate and working in political party is better option than working in corporate like a donkey.

3) Enterpreneur- There exists MBA enterpreneurs also. Unlike CA guys who only undertake financial enterprises like consultancy, investment etc where only an office and net connection is required. MBAs are being enterpreneurs in setting up food business, womens undergarment business, packing industry, transportation, travel guide, tours and travels, real estate, etc. From economy front this is better for India because everybody just cannot keep putting the eggs in others basket and speculate retruns, in economy somebody has to manufacture, serve, transport to run this country either illiterate poverty line workers or MBA enterpreneurs who get it done through tem.

4) Retirement A CA post retirement can do parttime co-operative societeies accounting and audit and still earn. No scope for MBA here unless the person wishes to stretch themselves.

5) Skill Sets- Basically there exist only 2 types of MBAs. 1 type who are smart and work to fill their pockets and others 2 who are donkey hard workers. The 2nd category is fuellling our service industry by working for more than 12 hours each day like donkeys. The 1st category guys are responsible for funds frauds like Lehman, IPL-DFL, Enron etc. The intention is to eat money and not create prosperity for society. Majority of the IIMs fall in this category.

6) Global benchmark- Has anyone in this discussion ever compared the Indian MBAs adn CAs earning to other parts of the world?
The average Indian MBA (IIM+others) earn INR 5 lakhs per annum. (35% of IIMs earn less than 10lakhs and this is not released by newspapers) thats roughly USD10,000 p.a. @ INR 50 =1USD.
CAs earn average INR 3 lakhs p.a. thats USD 6000 @ INR 50 = 1 USD

Compared to this the frenchies CA earn USD 28000 p.a., and MBA earn USD 56000 p.a. Singapore CA earns USD 18500 p.a. and MBA earn USD 34000 p.a. for freshers. The UK and US guys earn more than this. The highest paid fresher CAs adn MBA are in scandinavian countries of Norway, Sweden and Denmark. MBAs earn USD 87000 p.a. and CAs earn USD 54000 p.a. and this is for guys working outside these nations but scandinavian nationals. They do nothing great with their knowledge.

First try to get the CHEAP LABOUR tag wiped out of Docters, CAs and MBAs in India then discuss who is better off becaue in world people know only 1 thing: “Indians can do anything and everything for money and thats what makes us cheap”

Just dont go by IIM guy placed in MNC in US salary chart. Hereby is an illustration of an example.
Name: Mr. Dinesh Kartikayen
Age: 31yrs
Qualification: Eng (Computer), BITS, PGDM (Fin), IIM-Calcutta
Placement: Intel (US)
Paypackage: USD 70,000 i.e. INR 35,00,000 p.a. @ INR 50= 1USD CTC
Workexp: 1 year in Citibank, IT Dept, Mumbai.
Breakup:USD 22,000 towards living and accomodation.
USD 10,000 towards home servant, car and security deposit.
USD 5,000 as oan for furniture, and amenities.
USD 13,000 as funds for child education, maternity care, health care, and medical insurance.

USD balance salary in hand.

Joined Intel in 2005 left Intel in 2007. Joined Microsoft 2007 in India, left Microsoft in 2009.
Year 2009 joined Accenture, 2010 dead in plane crash.

Total earning: INR 30 lakhs. Life ended.

u all homies there
M.B.A :for leading a company standing on front
C.A :have to work under someone whatsoever
M.B.A :heavy exposure to corporate world
C.A :limited exposure
M.B.A :globally accepted
C.A :has to pursue cpa
M.B.A :all the individual boards & university’s take care of it
which is leading mba according to company’s needs
C.A : ICAI the only body for C.A which doesn’t care for its
aspirants

Hello 128 friends!

100 baat ki 1 baat CA students agar Chahe they can be a MBA in one shot but in case of MBA they can not.
As you should know that Indian CA course is the toughest course in this world. These words are not mine it has been declared by the Guinese book of world records 13 may 2010 if u want to verify then u can.Aplogo ko pata to hoga hi MBA institute to kukurmutte ki taraha india me badh rahe hai so mai sirf acche MBA institute ki hi kadra karta hun. kisi 1 freind ne kaha hai that ca are creator but MBA are manager so management comes only after creation. As if management is bad than company has to be closed and for that purpose u need a CA. So MBA ke baccho humse jaban mat ladao……………………

I have a genuine question… I have completed my MBA degree with Finance specialisation last year. I am right now pursuing Indian CA degree. I have completed my first level C.P.T and will appearing for IPCC this November…On clearing of my first group i will start my articleship… I wanna know from you guys…that im looking for articleship in a firm whose domain is mergers and acquisitions..and who along with my clearence of IPCC will also recognise my MBA degree during the span of my articleship….is this possible? Can anyone guide me…

compare top with top and bottom with bottom. When we are talking about graduates from IIM most of them are Btech too. so they are cream of MBAs. Now Take best package from CA placement cell too which has also gone very high. In an avg. placement an avg CA will start from 6 LPA in an Indian bank whereas an MBA from avg institute will start from less than 3 LPA. If CA along with degree have good communication skill and command over spoken English and IT skills they are also getting starting package of more than 10 LPA. So this can be compare with packages of IIM too in a way. I will say that please see the investment point of view also in education while doing CA and Btech + IIM . Please compare ROI also.

Regards
Paramveer

A Corollary to my above post would be

Core Skill – CA
Add on – MBA

Another example
Core Skill – Engineering B.E Mechanical
Add on MBA

The above examples will clarify what MBA is and what CA is

Dear,
MBA’s(Finance)

Please dont’ compare your degree with CAs.It may be possible that u put ur degree in a supremacy position only in the job sector.But dont forget the CAs who are engaged in independent practice.They only have the powers of certification in all sector whether private or Govt. Even the loan from bank for finance of a Big and reputed company cannot be cleared without the certification of a CA in practice.The share holders of any company depends on the audit report of a CA which includes your performance also.There is no requirement of MBA’s in small and medium business sector.But even a small Grocery shop merchant needs the service of CA for tax consultancy or for audit.Most of the private companies are managed by their owners itself without having a MBA degree.But inspite of this they cant escaped the need of CA for Taxation and audit matters.MBA,s are not required by companies legally but they need statutory auditors(CA) by effect of law.Government also respects CAs for their immense service to society.Govt doesnt believes the representation of a MBA without the certification of CA.Nobody believes on any organisation until it has a CA.

7 MBA and 7 CA’s are going from PUNE to Mumbai.
So both groups gather at Pune Station. Both groups are desperately trying to prove their superiority.
SCENE 1 (PUNE – MUMBAI) :
7 MBA take only 1 Ticket and 7 CA’s buy all 7
tickets…
CA’s are desperately waiting for TC to come……
When TC arrives,
All 7 MBA get in one toilet SO when TC knocks, one
hand come out with the ticket and the TC goes away….CA’s say “Dekh lenge”
NOW on return Journey all of them don’t get a direct
train to PUNE.
So they all decide to take a Passenger till Lonavala,
from there they can easily get a LOCAL to PUNE
SCENE 2 (MUMBAI – LONAVALA) :
CA’s decided, “this time we will prove that we too are
equally SHAANE”….All 7 CA’s take 1 Ticket
MBA don’t buy ticket at all!!!!!..TC arrives….
ALL CA’s IN ONE TOILET.ALL MBA IN THE OPPOSITE ONE..
One MBA gets out and knocks the door of CA’s toilet,
One hand comes with the tickets, he takes the ticket
and comes in MBA Bathroom…
TC DRIVES out ALL the CA’s from the toilet and they
are heavily fined……..
tai tai fissssssss..
SCENE 3 ( LONAVALA -PUNE) :
SO now both the group on LONAVALA station. CA’s
planning their move for last chance.. they board the local to PUNE .
This time CA’s decide that they will play the same (1
ticket) trick.
ALL CA’s take 1 tickets…MBA BUY all 7 tickets this
time…
SO TC Comes.. All MBA show their tickets…..
CA’s are still searching for toilet in the
LOCAL…………
Moral of the Story : An MBA is any day smarter than an CA
Forward this to as many MBAs as u can, & as many CAs “who understands humor….”

Hello…debate is going on Fire between MBA & CA….Let me bring to your notice that all of CFA, IIM A OR those guys who think..MBA are better pay than as compare to CA ,OK ACCEPTED.Keep in mind ICAI is BAR Council body , recognised under parliamnet act..its not like anyone can become CA…i have heard that CA can become an MBA ,But can MBA can become CA…Lot of Mba’s are there as compared to CA ..Guys are there who have completed CA after 23 yers ,do management people have that much tolerance..we CA’s are only lacking in communication .No MBA can specialise like what we do…The most respectable profession in indian society .Remember MBA’S are the the Decision maker but CA’s are the Kingmaker..The main backbone of the company is Finance..Which CA manages..

i do agree that an MBA 4rm IIM earns more than probably a CA rankholder but without proper tax planning MBA will end up paying 2 much tax 2 govt. n thus his high paid salary will get reduced tremendously. It’s the CA does the tax planning 4 them n abstains them 4rm paying 2 much tax. Besides an MBA can not file tax return unless it is signed by CA.

So moral of the story is : A CA can live without MBA but An MBA……………you know.
Thanks.

I think personally that CA and MBA has different importance in different fields .SO u all people if U can’t do CA so don’t abuse CA students and all who can’t able to do MBA don’t loose heart as because U are born looser ……U people just make comments and don’t see your inability.

Thanking You,