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Paypackage for fresh CAs & MBAs

Amey (Service) (137 Points)

27 July 2009

Disclaimer: Want to start discussion not debate about topic!

I suppose a normal fresh CA would get package of anywhere in between around Rs. 4 to 6 lakhs. However conisder fresh MBA from IIMs, can get start in excess of Rs. 6 lakhs and can go up to 8 / 9 / 10 lakhs easily.

So what do you think as a prime difference / reason for huge difference in the pay package for a fresh CA and fresh MBA (particularly from leading B schools)?

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5 Replies

Sanket (accountant) (128 Points)
Replied 27 July 2009

the prime difference is education fees.30,000 apprx of CA & over 5 lakhs of IIMs . one who invest more will definitely expect more

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Gaurav Saini (Service) (52 Points)
Replied 28 July 2009

I don't think there is any comparison between a CA fresher package and a tob b school pass out mba fresher package due to following reason:-

Most of the top B schools including iim and fms requires professionals with experience of 3-5 years of industry. This is the reason why mostly engineers from iit or good engineering college having 3-4 years post qualification exp. get the entrance. Now suppose if you are earning 3-5 lacs p.a. already and then goes for further study investing 10-12 lacs then this is a prime responsibility of the institution to give you a package of at least 2-3 times higher than your previous one.

In my view all the MBA colleges don't do anything except polishing what you already have whereas CA provides you from basic to expert level knowledge of subjects (CPT to CA Final). This is the reason why it strats from passing 12th. and MBA only after Graduation.

Finally, I would say CA is a cap and MBA from Top B schools is a feather on that cap which really makes you stand among the most demanding professional.

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)
Replied 28 July 2009

Communication skills play a major role in making diff

Sanket (accountant) (128 Points)
Replied 29 July 2009

Originally posted by :Gaurav Saini
"	I don't think there is any comparison between a CA fresher package and a tob b school pass out mba fresher package due to following reason:- Most of the top B schools including iim and fms requires professionals with experience of 3-5 years of industry. This is the reason why mostly engineers from iit or good engineering college having 3-4 years post qualification exp. get the entrance. Now suppose if you are earning 3-5 lacs p.a. already and then goes for further study investing 10-12 lacs then this is a prime responsibility of the institution to give you a package of at least 2-3 times higher than your previous one. In my view all the MBA colleges don't do anything except polishing what you already have whereas CA provides you from basic to expert level knowledge of subjects (CPT to CA Final). This is the reason why it strats from passing 12th. and MBA only after Graduation. Finally, I would say CA is a cap and MBA from Top B schools is a feather on that cap which really makes you stand among the most demanding professional.	"

I guess CA is also suppose to get 3 yrs articleship training. isn't that experience.

besides that science & art of management is very vast. it cannot be just taught in 2yrs. and therefore a person with experience can easily accumalate what is being taught