Choosing a career path after completing 12th standard makes students land in the right career option. High salary courses from the PCB stream guide the students for MBBS or BDS. NEET exam, JIIPMER, and AIMS are the entrance exam for the science students. In the case of bachelors of technology, the entrance exams are JEE for the national level, CET for the state-level, KIIT for the institutional level.
India is among the six nuclear powers of the world, which depicts the development of science and technology. The percentage of students joining science is diminishing, and universities standard for the research are more demanding. In the field of science and technology, the growth prospect is good but, it is comparatively costly than finance education. The cost of education, opportunities, and growth all the three key points are taken as parameters before deciding on higher education.
If the students want to do a master’s degree, then they prefer BBA or BBM. The real-time project during MBA engages the learners to analyze the business holistically. The MBA course is structured with international networks as it gives exposure to the global business scenario. As per the area of interest of the learner, he can choose a wide range of electives. If your career option is Chartered accountancy then B.com and B.com {Hons}, are the associated courses. Let us discuss some valuable points to understand the difference between MBA and CA courses.
Difference between CA, ACS, CMA, and MBA
In the case of an MBA, there are choices for the different roles of business management. In the case of CA, the responsibility is extensive than that of MBA professionals but the supply of CA professionals is limited. CA professionals can work with consultancy firms like Mckinsey, BCG, and top foreign banks. So, CA professionals precede a rewarding career. There are American colleges that accept Indian degrees for the MBA program. Even CA graduates do MBA to get global exposure. MBA course provides details of banking, finance, HR, and insurance courses.
CA course professionals work in service companies, startups, manufacturing companies, banks, multinationals, Government departments, public sector undertakings, foreign companies, statutory organizations, and NGOs in higher positions. CA professionals can work with sourcing agencies as independent professionals. The salary is comparatively good for a fresh CA graduate, but it is also dependent upon the experience and skills.
ACS is the course that prepares the professionals for the company secretary role. The company secretary plays an essential role in corporate as corporate compliances are increasing in modern days. Company secretaries are like lawyers of the companies. The opportunities for ACS are comparatively less than CA. But with experience, the growth is enhanced here.
There are three stages in the CMA course as the CA course. Both of the professional course syllabi require a high level of IQ. Both the type of professional course has the base of accountancy. The difference is that the CMA is to understand the operations of cost audit and decision making in the companies.
In the year 2019, the CA group I and II pass percentage stood at 7.63 and 20.85. The data shows that the pass percentage is comparatively double the rate for the previous year. The pass percentage will be changing with the practical implementation of the theoretical course.
What to expect from your career?
After choosing the correct course after the twelfth, the associated big dream is to step into the dream job. The motivation to join the correct course shapes the accompanying components in the career.
Income
Income is one of the biggest factors that attract the students initially, but the real player is income and performance. Finance professionals offered high pay jobs if they have vast knowledge and experience.
Social value
Social value plays a vital role as some job attracts students from childhood. Roles like a teacher, finance professionals, and IAS officer attract the professionals majorly due to the value of the job.
Peer pleasure
The nature of any job requires independent thinking and team cooperation. Some professionals prefer to work independently without peer pleasure. Some love to work in a group environment with peer pleasure. Finance professionals can utilize both the option as per their interest.
Interest
The final key factor is the interest which increases job satisfaction to the professional. So, to withstand the changing job environment, it is essential to have an interest in the subject for the professionals to be successful.
