Top benefits of doing MBA after CA

No doubt, obtaining a CA qualification is definitely a huge challenge for most people. However, if you’re someone with that ever-burning fire of ambition and motivation, you must be wondering what to pursue next. We have just the course for you – an MBA program that will propel your career to new heights. 

Combining the deep financial expertise of a CA qualification with the leadership and managerial insights of an MBA program offers a powerful blend that opens doors to diverse opportunities across industries. Let’s take a look at some of the benefits of pursuing an MBA after a CA degree and how it can contribute to career growth, skill enhancement as well as prepare you for a better earning potential.

Why MBA after CA?

The value of an MBA exceeds finance. An MBA after CA can enhance your management capabilities and equip you with leadership skills – necessary to navigate complex business landscapes. 

A CA qualification is renowned for supplementing people with a strong foundation in financial accounting, taxation and financial auditing. All these are essential for understanding the intricacies of financial management. But, to climb the corporate ladder and take on leadership roles, you need a broader skill set that an MBA can offer. 

Can I do CA after MBA?

Additionally, a lot of people want to know if pursuing a CA after an MBA is a viable option. The answer is yes, of course. If you want to combine the expertise of an MBA and CA degree, by all means, go ahead and pursue the degrees. You also thus attract a nice CA-MBA salary, which we shall discuss later.

Since this is a lucrative combination, making you a well-rounded professional, by all means, one should pursue the two degrees, irrespective of which one is pursued before which other degree. Moreover, pursuing a CA after an MBA can help you specialize in finance after gaining insights into business. 

Benefits of doing an MBA after CA

An amalgamation of these two degrees can give one knowledge of high-level finance positions or even equip one to start their own practice. Apart from this, there are other benefits one can gain from doing an MBA after CA. 

These include:

1. Enhanced career prospects

One of the most significant benefits of an MBA is that it broadens career opportunities, moving beyond traditional finance roles to leadership and strategic positions in various industries. Adding a CA qualification to it is only a step further into traditional finance and accounting roles. Managerial insights through an MBA, coupled with CA’s acumen in banking, consulting, and corporate finance can land you roles such as CFO, CEO and even prepare you to start your own business.

Employers value skills like leading teams, making prompt strategic decisions, managing business units and leading finance departments. This blesses one with an expanded range of career options that blend the two sectors of knowledge.

2. Skill enhancement

The skills gained through an MBA program include the following: 

1. Valuable knowledge in marketing
2. Business leadership
3. Presence of mind for strategic and informed decisions
4. Managing operations
5. Handling business challenges and problem-solving
6. Analytical skills
7. Human resources management 
8. Developing business strategy for success

On the flip side, the skills gained through a CA program include the following:

1. Financial expertise
2. Time management
3. Software proficiency
4. Financial auditing
5. Fiscal management 
6. Attention to detail
7. Problem-solving skills

This confluence of CA and MBA skills makes you a well-rounded professional – enabling you to contribute to various aspects of a business. 

3. Better earning potential

Of course, with an enhanced skillset comes a greater and more attractive package. This is one of the primary motivations for pursuing an MBA after CA by many people as such professionals are high in demand. Employers recognize the value of combining technical financial expertise with strategic business skills in top positions. 

4. Start-up as well as entrepreneurial opportunities

If you’re someone aspiring to start your own business or scale an existing one, a CA and MBA degree can equip you with the much-needed solid understanding of the role of finance in running a business. One can manage all aspects of business — from marketing to operations — thanks to a combination of these two areas.

CA or MBA, which is better?

Choosing between an MBA and a CA degree is a decision entirely up to you. One can make a choice based on one’s career aspirations, the benefits one wants and the area one wants to capitalize on – if it’s auditing, taxation and accounting or leadership roles (for which CA might be better) in managing teams and driving business strategies (where an MBA degree will be handy).

While both degrees have their own unique features, benefits and advantages in advancing one’s career, a combination of both provides one with the best of both worlds – finance and business. This results in a versatile professional who will be sought after in the current job market, paving your way from finance to leadership. 

What’s the average CA & MBA salary in India?

Professionals with both CA and MBA degrees can expect rewarding salaries in their fields as people with a combination of these qualifications are sought by top-tier companies – like MNCs and consulting firms. 

In terms of CA and MBA salary, one can expect attractive packages ranging from 15 lakh to 30 lakh per annum, depending on experience, industry and job role. An experienced CA + MBA candidate can expect a salary range of 20 lakh to 25 lakh per annum. This is significantly higher than people possessing just one of the two degrees.

Online MBA at Online Manipal

Not everyone is available to do a regular MBA course – some people want to work on other projects, have a commitment to life goals or still want to keep earning through their job while pursuing an MBA. At Online Manipal, we understand this very well and have online MBA degrees for such people – that too, from reputed universities like Manipal Academy of Higher Education (MAHE), Sikkim Manipal University (SMU), and Manipal University Jaipur (MUJ).

With our user-friendly platform, Online Manipal helps students gain high-quality education and real-world business insights. All this, while also maintaining flexibility for those looking to advance their careers to new heights. And that too without having to compromise on their current life commitments! 

The bottom line

To sum up the benefits of doing an MBA after CA, one gets exposure to a wide range of skills that can turn them into a valuable asset for almost any company. Moreover, it also drives one’s career growth and helps them achieve milestones alongside gaining business acumen. Thus, after securing an MBA after CA, one can be considered as the nexus of financial expertise and business sense – a very valuable amalgamation of relevant skills.

People looking to pursue a more flexible form of an MBA degree due to temporal or other situational constraints should check out online MBA courses – provided through Online Manipal from reputed universities like MAHE and MUJ. So, enroll for an online MBA program today itself through Online Manipal!