Chartered Accountancy or CA itself is a prestigious career move in India. However, when you combine it with a Master of Business Administration, you can become a strong professional with excellent skills. Let’s see what an MBA after CA entails.
In India, a Chartered Accountant receives a lot of prestige and respect as the qualification requires intense preparation and practice. After rigorous training, continuous exams, and qualifying all the stages, a student gets to earn the CA badge.
But after CA, many professionals may look to advance in their careers and add more honors to their educational journey. In that case, an
MBA
may actually seem like a great option. If you’re wondering about the implications of doing an MBA after CA, and whether you should do it, we’re detailing the information with stats and figures.
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Key Factors to Consider before Choosing MBA after CA
A CA may like to do an MBA for the following reasons:
A CA’s Earnings in India
A CA stands as follows in the employment earning ladder:
A fresher CA in India receives an average of ₹9 LPA, according to Glassdoor .
ICAI’s campus placement for 2024 shows the highest offer for a CA fresher at ₹26.5 LPA, though average salaries have stagnated somewhat. (Source: Taxscan )
That’s how you know that a CA by itself already offers a respectable starting point in accounting, taxation, audit, and finance roles.
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Motivations & Trends for MBA After CA
CAs may go after MBA because of the following push factors:
Motivations | Description |
|---|---|
Broader Scope & Leadership Roles | An MBA often opens doors to strategy, operations, general management, consulting, or C-suite roles where CA expertise alone might not be enough. |
Global & Cross-Sector Mobility | While CA is highly valued in India, it doesn’t always translate internationally. An MBA from a globally recognised school helps bridge that gap. |
Better Networking & Brand Value | MBA schools emphasise networking, exposure to varied industries, and peer learning. These are things that purely technical credentials like CA might lack. |
Higher Salary Jumps | MBA after CA salary increases after switching into consulting, banking, or top management roles. |
Pros & Cons of Doing MBA after CA
Here are the various pros and cons of MBA after CA:
Pros of MBA after CA | Cons of MBA after CA |
|---|---|
|
|
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Through this discussion, we can find that an MBA after CA might be wise if your goal is to move into leadership, consulting, investment banking, or general management. Also, if you get into a top-tier MBA institution (IIMs, top global B-schools), the payoff will justify the cost. However, if your passion is deep technical accounting, taxation, compliance, or audit roles, and you’re satisfied building your career within those realms, an MBA may not add huge marginal value.
In case you are confused and overwhelmed about this choice, we recommend you get in touch with our mentors at CollegeDekho .
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