Earning the CA qualification was not exactly a piece of cake for you. Apart from passing a series of very tough exams, you also fulfilled a three-year articleship obligation to qualify for the certification from the statutory body. You have also landed a respectable job at an audit or taxation firm. Yet, you often wonder – what next? Can I be a bigger fish in a bigger pond? The answer is yes.
Why an MBA after CA?
Candidates who decide to pursue an MBA after CA cite the following compelling reasons for their decision:
Development of leadership competency
Today’s competitive business world has fuelled the demand for well-rounded management professionals who have the knowledge and skills required to manage and grow businesses organically and inorganically. A good MBA study program aims to groom thinkers and business leaders by imparting skills in all areas of general management, rather than a single function. Besides, it provides stupendous networking opportunities and prepares students to navigate a challenging business environment and crises expertly.
MBA curriculum ensures that you get reasonable exposure to all facets of running a successful business, including courses in sales and marketing, operations, finance, human resources, communication, and, increasingly, information technology and project management.
Wider choice of employment
The demand for MBA graduates has been growing at a fast pace in the last few decades across all continents. MBA graduates command top-dollar salaries in countries like Switzerland, the USA, Canada, UK, France, Singapore, Australia, Japan, and even Germany. Even growing economies like India, China, Chile, and Mexico have joined this bandwagon. This gives a more extensive choice of employment opportunities to candidates who decide on doing an MBA after CA.
Aids transition across functions
As a CA, your focus has been on financial accounting, auditing, taxation, and regulatory environment. However, are you competent to guide a team designing tech-enabled solutions for banking, share trading, payroll accounting, or taxation? Do you have the credentials to raise funds for a business start-up by pitching it to investment banks or angel investors? If the answer is NO, then you need to look at doing an MBA after CA seriously.
Suppose you read about and follow the career path of famous CEOs. In that case, you will notice that all of them have risen through the managerial ranks by handling a wide range of challenging assignments in several domains, rather than sticking to the same role. You can also leverage your existing knowledge with innovative and in-demand marketing, technological, analytical, and networking skills acquired through an MBA after CA to rise the corporate ladder. In the process, you might get a sound business idea to float a start-up of your own a few years down the line! Undoubtedly, with an MBA degree under your belt, you will be up for the challenge.
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Leverage the synergy between MBA and CA
Having fundamental knowledge of accounting, reporting, taxation, and regulatory environment is bound to give you an edge in any MBA program over graduates from other streams, as finance forms the backbone of any business entity.
However, while the CA curriculum requires rigorous learning in specific areas, the pedagogical approach in MBA programs gravitates towards group discussions, case studies, analysis and presentations, term papers, projects, and collaborative learning. An MBA program will help you develop your analytical and communication skills and teach you to leverage your knowledge of finance for your enterprise’s overall success.
An MBA will also provide you the opportunity to benefit from the mentorship of academic and industry leaders through meaningful research projects and internships. The friendships and network you develop through these collaborations will be significant support throughout your life.
If you are find that an MBA after CA is the right choice for you, upGrad offers several online MBA programs that will help you realize the long-standing ambition of advancing your career in the chosen direction.
- MBA (Global), Deakin Business School (DBS): This two-year online MBA course with dual credentials from Australia’s DBS and IMT Ghaziabad has emerged as a popular choice among MBA aspirants. Deakin is also among the top 1 percent B-schools worldwide. The online course is supplemented with dedicated mentorship and offline networking opportunities.
- MBA, Liverpool Business School: Accredited by UK’s Liverpool Business School, this online MBA course includes a week-long immersion program at the university campus. The duration of the MBA course is 20 months, during which you get a career and mentorship support from industry leaders. Upon successful completion, you will also receive a PGP in Management credential from IMT Ghaziabad.
- MBA -BA, NMIMS Global Access School: This is a 15-month Executive MBA program with a specialization in Business Analytics. Designed specifically for working professionals, it offers a great way to balance work and study life. It is one of the best online MBA courses in India & promises learning and exposure that is at par with on-campus MBA programs. Some of the course highlights include offline networking events, one-on-one mentor interactions, and a three-month industry-driven capstone project.
Choose one now, and you will find that the choicest of dream jobs across all continents in Fortune 500 companies are within your grasp!
What job prospects can I explore after doing CA and MBA?
If you hold a CA and MBA qualification, there are a sea of job opportunities you can explore. Most companies that hire CFOs, CEOs and business heads want the candidate to have a background of both MBA and CA. If you’ve attended a top-tier B-school, the opportunities double. You can explore jobs such as operations manager, finance manager, marketing manager, HR manager, and other reputed positions in the management chain.
Should I enrol in an MBA right after my CA?
Enrolling in an MBA right after completing your CA may not be a good idea since most top B-schools look for a minimum of two years of work experience. Also, giving a gap between the two programs is recommended as it will help you grasp the subject matter better. When you work full-time or intern in an organisation, you can improve on various skills including teamwork, leadership and decision making. Also, it will further boost your confidence and add weight to your resume.
Which is better – MBA from Deakin Business School or Liverpool Business School?
Both the programs are equally good. However, the one from DBS is for 12 months and the one from LBS is for 18 months. The program you choose depends upon your priorities and budget. One massive advantage of pursuing an MBA from LBS is that you get to choose from six specialisations, and you get a PGP in management from IMT Ghaziabad. Since both the programs are offered by upGrad, you can be sure of 1:1 mentorship from industry leaders and networking opportunities with students from 15+ countries across the globe.