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For ten years, an MBA graduate was considered the next big talent by the Big 4's, and therefore, MBAs were topped with high salaries. Today, however, the work environment is very different because employers around the world want more than just degrees. An MBA will somehow help you get a decent job, but will that job enable you to be employed for the rest of your life?

Aren't we glad that our whole life is about making the right decisions? Therefore, it is important that we also do not miss out on the small but very important things when we decide to choose the right option. So, if you are confused between choosing an ACCA certificate or completing your MBA, then look for this quick guide that can help you get out of this academic crisis.

What is ACCA?

Let's first look at what ACCA is all about. Therefore, you should be aware that it is a highly regarded course offered by an international technology body, the Association of Chartered Certified Accountants (ACCA). The body was founded in 1904 to assist aspiring financial professionals to build higher accounting skills by respecting their skills and knowledge. It is a widely accepted multi-certification system that focuses primarily on the areas of information related to accounting, taxation, and auditing that can ultimately provide a good place to present financial services to employees. ACCA professionals are guided by a set of rules to maintain their reputation and reputation in the professional world.

Why should one pursue ACCA?

You may be wondering what the benefits of being an ACCA expert are. Yes, ACCA specialist is part of a large global family of talented professionals comprising more than 208,000 members and 503,000 students spread across 179 countries. In addition, it opens up international career and professional opportunities for students as the body can connect you with more than 7,400 accredited employers and 80 colleagues working around the world. So, if you are interested in getting specialized financial information and accounting, I think ACCA could be a great option for you. The curriculum includes accounting, taxation, and auditing and other sensitive information areas including financial management, business studies, law, financial reporting, and ethics and professionalism.

What is an MBA?

Oh, MBA! It has been one of the most popular titles in the last decade though. Therefore, almost everyone knows that an MBA is a high level of business management that prepares you for the business sector. While many business schools offer two-year courses, some of them offer one-year courses for experienced professionals, but all aim to prepare you for management and strategic positions in any organization by providing you with comprehensive experience in accounting, marketing, finance and staff. In addition to the standard full-time MBA course, it is also available as part-time and grade courses, each with its own way of preparing for the industry.

Why should one pursue an MBA?

Most people are attracted to the glamorous life of MBAs featured in movies and TV series; one has to understand that it is true to some degree as MBA degrees teach important business skills that can elevate corporate status. Although entering a well-known business school and a difficult course building can be very expensive, it is worth the pain because an MBA degree will help you succeed in the management field. The MBA course is particularly comprehensive as the syllabus covers all the various aspects (or not in more detail) of setting up a general business so that by the end of the course you are ready for the field.

The difference between ACCA and MBA:

Now, let's look at some of the basic differences between ACCA certification and MBA degree:

Planning body: ACCA certification can only be issued by an international body of the Association of Chartered Certified Accountants. On the other hand, MBA degrees are awarded at any business school affiliated with a recognized State University.

Real-time: The choice of pursuing a certificate from ACCA or an MBA degree depends entirely on what you want as your career path. ACCA certification will require you to cancel 14 professional exams in conjunction with three years of supervised accounting experience, which means it will take some time to complete. On the other hand, once you have successfully enrolled in a good business school, your full-time MBA program will be completed in a year or two depending on which you choose a business school.

Modus operandi: ACCA certification will provide you with specialized expertise in finance and accounting, while an MBA course will give you an overview of how an organization operates. The MBA curriculum consists of a number of case studies, group activities and report preparation along with a coursework that aims to equip you with the necessary tools that will be needed to deal with business situations.

Cost: ACCA certification will cost you somewhere around £ 850, and an MBA degree from a good business school can cost you over $ 65,000. So, an MBA is a more expensive option than ACCA, which brings me back to the same question - what do you want as your career? Please make sure the cost does not go as the main driver of your decision (although unintentionally it will be to some degree)

Career Opportunities: Other job profiles that you can obtain after completing an ACCA certificate include Accountant, Internal Auditor, Tax Administration, Finance Manager and Financial Coordinator. On the other hand, after your MBA degree, you will be ready for middle management roles that lead to leadership positions in various industries.

Below are the top 4 changing reasons that will change your thinking and reconsider why the ACCA is better MBA

1. Despite rising MBA’s prices, hiring rates have dropped. India releases large numbers of MBAs every year which may not be the safest way to thrive on economic uncertainty.
2. Apart from this, employers today consider not only people with higher qualifications but also someone with basic management experience. People passing by both can gain extra weight on the work scale. ACCA, on the other hand, has a hands-on approach where students can deal with a higher level of active content rather than just a theoretical concept. This approach opens the way for students to acquire a variety of interpersonal skills.
3. ACCAs are more likely to fall into the trap of transformation that challenges them to become more confident. In addition, ACCAs may attract more senior roles at management or director level level which will contribute to accelerating their operations. Unlike an MBA, ACCA offers many options and great travel depending on international location, as it is a global body and is known around the world.
4. MBA’s in Accounting are exposed to less important subjects such as marketing, IT, HR or SCM, which are less important when it comes to accounting topics. Focusing on non-essential lessons is a waste of time and effort on the part of students. On the contrary, the ACCA goes deeper into accounting and finance, to allow you to gain sufficient knowledge in the field of accounting.

Conclusion

Therefore, it can be said that an ACCA certificate will help you get a job in finance and accounting, while an MBA from high school will help you get a management position in an organization. They both have their pros and cons, but it is up to you to decide what kind of work you want to do - ACCA will provide you with a set of specialized skills, while an MBA will give you a wide range of business management skills. I hope this article will help you decide which way to go to work.

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