Monika Bachhawat (Chartered Accountant) (211 Points)
09 March 2010Can anyone Tell me What is BEST CA or MBA.
If u will say CA Then my question will be why CA ? & If u say MBA why MBA ?
I myself is a CA Final student but seeing MBA students geeting more opportunity then CA's really make me CRY. This is happening in my office & have seen in the outside market also.
All this is forcing me to think that CA themselves don't respect other CA professionals. (Otherwise Why MBA's are getting more opportunity both money wise & growth wise)
Monika Bachhawat
(Chartered Accountant)
(211 Points)
Replied 09 March 2010
Can u explain me Why CA ?
CA Vishal
(CA working in industry)
(620 Points)
Replied 09 March 2010
Hi,
First of let us classify MBA .I will broadly divide them in 2 categories. One from the IIM, SP Jain ISB and other world class institutes which are recognised across the globe and secondly every other schools in locality that offers diploma programs where students either join classroom training or do correspondence which s would cost anywhere between 50K to Rs 5 lacs ...
Now goes the comparison if CA as profession is compared with the IIM etc then surely we will lag behind as they offer worldclass programs whereas despite regular updates in our syllabus we lag behind. If you compare CA with other so called MBA schools which are in reality no more than diploma programs then CA is way ahead....Infact the problem is that any individual by spending 50K to 1 lacs rupees attaches an MBA tag to it which I do not endorse ...
Now the only aspect which pains me is that today these so called MBA degrees are been compared with CA and to some extent we are ourselves are to be blamed for this .. It is high time that we professionals should project us in a better way. Today the organisations dont want to go for quality but just want to shore up the numbers. I have seen in many job requiremnts that the job nature requires CA/ MBA finance . Now can anyone explain me what MBA finance can do in areas as payroll, direct & indirect taxation, audit, accounts but still they are selected because they are avaliable lot cheaper as compared to CA . Today now one is interested in quality aspect everyone wants cost cutting . Otherwise no one will compare professionals with post graduates....
Monika Bachhawat
(Chartered Accountant)
(211 Points)
Replied 09 March 2010
Evertime cost cutting matter is not preferable, since suffering loss by this will be higher.
Since no where in syllabus of MBA it is thought how u have to tax plan or we should twist accounting entry through this fringe benefit tax or other tax will be saved by company. Also no where MBA is thought that what legal action will be taken against any transction. Let assume public company has given a loan to director or relative of director, central govt apprval is required before giving loan u/s 295 of Company Act.
NOw a days business transaction are globalising, in that case various FEMA rules, SEBI guidelines apply which can never be caught by MBA student, since from birth to the death of MBA course, no any lights of FEMA or SEBI, Company Act, Income TAx Act, Competetion Act, COntract Act, Patnership Act, Sales Act, Negotiable Instrument Act etc never comes in the eye of MBA's student. And without light we can't see anything it will be nothing but a darkness for a business.
CA Vishal
(CA working in industry)
(620 Points)
Replied 09 March 2010
That you and I can understand but the problem is management thinks otherwise what they want is to get the employees at the lowest possible amount . Today the scanerio is that if we need 10 CA then management keeps 5 and balance 5 is adjusted thru MBA and we CA are expected to train and guide them ....
Today organisations are more interested in employable skills rather than knowlege Tell me How many managers/ organisations encourage there employees to attend seminars go for training programs etc They are not interested in value addition ...
Besides what you are saying are required at the seniormost level which will continue to attract CA but as far as executive and lower mangerial level goes CA are competing the MBA . Today I m sorry to say but Many CA are doing Jobs what ideally graduates should be doing.
| Originally posted by : Monika | ||
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Can anyone Tell me What is BEST CA or MBA. If u will say CA Then my question will be why CA ? & If u say MBA why MBA ? I myself is a CA Final student but seeing MBA students geeting more opportunity then CA's really make me CRY. This is happening in my office & have seen in the outside market also. All this is forcing me to think that CA themselves don't respect other CA professionals. (Otherwise Why MBA's are getting more opportunity both money wise & growth wise) |
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In my opinion CA is better than MBA, because CA is a profession whereas MBA is a Degree Course. As far as opportunities are concerned, it depends on person and not on Profession or Degree. If a person is worth then opportunities will have to follow him/her.
CA. ANiRuDDhA RAthi
(CA)
(554 Points)
Replied 10 March 2010
if u see packages of CA and MBA ,, u wil automatically come to knw that any time ... CA is the best !!!!!
Shyam Khandelwal
(Consultant)
(58 Points)
Replied 15 March 2010
I feel that its wrong to compare CA with MBA. As everyone knows that CA is a professional qualification aimed towards accounting and finance aspects of business, whereas MBA is a educational qualification which primarily aims at increasing your management skills.
Also, as correctly demarcated by Vishal above, it is of utmost importance to see that from which college a person is doing MBA.If it is institutes like IIMs, ISB etc, then surely the exposure provided there is higher then what is provided to CAs.
Both MBA and CA are not intended to do a generalist role, however, given the market trend in India you find both of them working at positions which are not actually meant for them. Both the qualification serve a different purpose and cannot be used as substitutes.
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 12 April 2010
jose.p
(CA in service)
(1676 Points)
Replied 12 April 2010
mr writer; tumne CA kiyaa toh CA better than mba.
wow, kya logic hain.
baad mein; some professor who has done phd from urdu would claim that
jose.p
(CA in service)
(1676 Points)
Replied 12 April 2010
the persons who were responsible for satyam were also CAs. And giving entire credit of satyam recovery to CAs is also unjust.
CA jo karr rahe hain; is doing this job under manoharan sir to undone the damage done by other CAs; esp council member of icai.
And who said "companies don't look for knowledge of CAs and employ mbas". Mr vijay; do u mean; that MBAs are dumb asses. And sirf knowledge dekh key company don't wanna employ teachers in a coaching class. They have to consideder all factors also.
/forum/response-to-eco-times-article-mba-losing-to-ca--78355.asp
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 13 April 2010
Dear Jose,
I agree with you point that the persons who were responsible for satyam were also CAs.
I wish to add here - the Satyam fiasco was due to MBAs also. They were primarily responsible for that. No doubt that this could not be happened with the support of some people who were qualified.
Many a times; business turns down into losses despite quality MBAs are appointed. Tata group also went into such trouble just 2 years back due to single wrong decision of Neno project at West Bengal although they were knowing the fact the local people are not supporting their project. This situation was crystal clear to them.
Anyhow, the discussion going on is interesting.
Thanks.
CAclubindia
