After completing class 12, students typically decide between an MBA, BBA, and a CA. This is primarily due to the great earning potential of both the MBA and the CA careers. While the MBA is a two-year postgraduate program with job placement options, the CA requires three sets of examinations and typically takes 5 to 6 years to complete.
Students from all academic backgrounds have the option to pursue a high-paying managerial profession with the MBA’s variety of specializations. Students who have a strong interest in and comprehension of arithmetic, finance, and numbers are the best candidates to become chartered accountants.
The most significant difference between India and other countries with more than 5000 MBA colleges producing thousands of MBA graduates every year is that all firms need chartered accountants, but there are not enough of them.
Chartered Accountancy Career – An Overview
The professional practice of accounting, auditing, accounting, and financial analysis for a person or an organization is called Chartered Accountancy. The title “Chartered Accountant” is given to an accounting expert who has been approved by a statutory body as qualified to handle issues relating to the accounting and taxation of a business enterprise.
The duties of a chartered accountant include compiling and evaluating financial reports and documentation, filing tax returns, auditing financial statements and company procedures, registering the business organization with the government, keeping investment records, etc. A Chartered Accountant with professional training is qualified to provide consulting services to both corporate and private clients.
Master of Business Administration (MBA) – Overview
One of the most well-liked post-graduate programs both in India and abroad is the MBA. MBA stands for Master of Business Administration in its full form.
The majority of managerial-level positions across industries and fields require an MBA degree, which is why many BTech, BBA, BCom, BA, BSc, and BCA graduates now choose to pursue an MBA after graduation.
MBA entrance examinations are used to determine admission, and then there is a round of personality tests (Group Discussion or GD, Written Ability Test or WA, T and Personal Interview or PI). To enroll in an MBA program, students typically need to have at least a 50% average in their undergraduate degree from any stream.
BBA – Overview
After Class 12, one of the most popular and sought-after bachelor’s degree programs is the BBA. The BBA program opens up a wide range of employment possibilities in a variety of industries, including government, education, sales, marketing, finance, and many more. BBA is a three-year professional undergraduate study in Business Management.
Students from the three streams of science, arts, and commerce are welcome to enroll in the course. To prepare students for managerial positions and entrepreneurship, the BBA program offers information and training in management and leadership abilities.
Which is better: CA vs MBA vs BBA?
Money is less of a concern for BBA and CA because the course itself costs about 60,000 rupees to complete. The MBA program, on the other hand, requires a significant financial investment that can reach lakhs. More students often apply to private universities.
The CA degree is less comprehensive when it comes to comprehending the occupational path than the MBA and BBA course, which offers a wide range of occupational fields in both the public and private sectors.
As previously stated, the CA course does not require a high level of education, but the MBA course does require a postgraduate degree in addition to several other requirements. Usually, BBA or B.com is required to do an MBA.
CA is cheap yet challenging to finish. There are four levels, from beginner to advanced, and all tests must be passed to pass the course. Every year, just 3-4% of the candidates meet the requirements and finish the course. The MBA and BBA program, in contrast, is fairly challenging and relatively simpler to complete because universities’ examination policies are typically far more forgiving.
Conclusion
The decision between an MBA and a CA can often be challenging for students who wish to study and are aiming for a particular interest in the finance field.
The information in the following article has assisted candidates in selecting the course that best suits their future goals. Both the MBA and the CA provide students studying them with unique perspectives and fields of expertise.
Likewise, MBA, BBA, and CA offer various areas and objectives in terms of job pathways. So, take a wise decision and go ahead, and have a bright future!!