The competition in the job market is increasing every day. So to stay competitive students are pursuing dual degree programs. Out of many such qualification integrations, one that stands out is the MBA with ACCA Course.
This blog further explores why pairing such a powerful combination is a winning strategy for your professional growth.
Table of Contents:
Is It Worth Doing an ACCA with MBA?
The lethal combination of doing an ACCA with MBA elevates your career. It is your key to unlocking new skilful opportunities in finance and accounting. Independently,
- They both possess distinguished educational backgrounds and a distinguished reputation.
- They have each built numerous prosperous careers.
- Recruiters, peers, and leaders in the industry hold them in high regard.
Who then says you must choose between the two?
The MBA in accounting and finance is a popular qualification among recruiters, but as the number of professionals increases, the ACCA certification offers an added advantage. It balances technical knowledge and practical skills, providing a well-rounded approach to global accounting.
Then, what exactly occurs when an ACCA and MBA are combined?
When combined, they make you a formidable force in the accounting and financial sectors. Don’t believe us when we say this. No Problem, Read on to discover why it is a wise decision for your career to supplement your MBA with an ACCA.
What Are The Differences Between ACCA And MBA?
MBA and ACCA are two distinct business education programs. Learning about the key differences between them will help you have a better and clearer vision of why MBA with ACCA is a winning combination.
| Feature | MBA | ACCA |
| Focus on Expertise | Broad business knowledge (marketing, HR, operations, strategy) | Accounting and finance |
| Flexibility in Learning | Typically requires 1-2 years of full-time commitment | Self-paced study, allowing for work-life balance |
| Cost and Entry Requirements | Higher fees may require work experience and strong test scores | More affordable, lower entry requirements |
| Salary and Career Prospects | High earning potential in leadership and management roles | Median salary with potential for high earnings in accounting and finance |
MBA focuses on a diverse curriculum and requires 1-2 years of full-time commitment. Whereas ACCA focuses on accounting and finance and is more economical for budget-conscious individuals.
MBA with ACCA: Top 7 Reasons for Consideration
An ACCA (Association of Chartered Certified Accountants) coupled with an MBA in International Finance is a dynamic combo. Let us provide you with some strong reasons why this combination can be the best option for your professional life.
Open Doors to Global Opportunities
An MBA is a globally recognized qualification, but its value varies depending on the country of residence. An Indian degree may not be highly valued abroad, especially if it comes from a tier-two or tier-three B-school. The ACCA certification, on the other hand, has universal value and is recognized in nearly 180+ countries, including the UK, Australia, Canada, Singapore, Hong Kong, and Germany. An MBA with an ACCA stamp on your resume makes you recognized as a global professional, allowing you to pursue various career options such as investment banking, financial consultancy, international finance management, audit, and tax consultancy. Additionally, your qualifications will be recognized by international professional bodies, broadening your career prospects.
MBA Graduates Receive ACCA Exam Exemptions
Upon finishing a demanding two-year MBA finance and accounting, reentering a professional certification ACCA can be challenging. It sounds like a lot of work to study for 13 new subjects. However, what if we told you that you could receive up to nine subject exemptions? It might just take five exams to pass, and if you do, you’ll have two extremely strong credentials—an MBA and an ACCA—affixed to your name.
ACCA Curriculum Covers Practical Skills
Both the ACCA and MBA programs are very beneficial on their own. The MBA curriculum provides a broad overview of the finance and accounting industries, while the ACCA certification expands on your prior knowledge and gives you practical skills in financial and management accounting. As your career progresses, you can switch between various work profiles thanks to the MBA integrated with ACCA program.
ACCA with MBA Salary/Highly-Paid Jobs
Students who complete the ACCA course become competent statistical analysts and analytical thinkers. If you combine that with the managerial and leadership abilities of an MBA, then the combined ACCA MBA salary can range from $80,000 to $120,000 annually, depending on experience and location in the finance sector. Well-educated people with the most remarkable skills—such as an ACCA after MBA finance—win the best positions with the highest salaries.
Flexible Exam Options with ACCA
Don’t worry if you are concerned about completing your ACCA after MBA, then you must know that ACCA provides you with the flexibility to study at your own speed. So, you can go through the qualification while juggling employment obligations. Additionally, the ACCA with MBA finance and accounting work well together to help you better understand and apply the principles.
More Career Opportunities with an MBA and ACCA
Your dual certification contributes to deep learning of financial management, corporate strategy, industry knowledge, and accounting standards. Additionally, it gives you access to a variety of jobs in fields including investment banking, risk management, and tax planning, among many others. Also, you are on course to become an accounting director or CFO, among other leadership positions.
Excelling in Both MBA and ACCA Programs
Pursuing Both MBA and ACCA Programs together will help you gain dual qualifications, equipping you with a unique blend of managerial and financial expertise that can significantly enhance your career prospects and professional versatility. It multiplies your chances to be preferred by industry employers and start at a better salary package than your peers.
How To Get An MBA Integrated With ACCA
Wondering how to get an MBA integrated with ACCA? This dual qualification offers a powerful combination of advanced business management skills and professional accounting expertise. Let us see how you can enroll at the best ACCA coaching centre in India.
- Find an authorized learning partner online, like edZeb, providing online/offline (flexible – weekdays or weekends) ACCA coaching under the expert guidance of their Ex-Big 4 faculty.
- Get yourself enrolled with them and learn time management and speedy idea acquisition.
- If location is the constraint, then enroll in ACCA interactive online courses or attend weekend classes if you work.
- You can request up to nine exam exemptions as an MBA, which significantly reduces the ACCA workload.
- The framework of the ACCA curriculum is fairly adaptable. In a single session, you may take one to four exams. It is all up to you, and wola, now you have a dual degree advantage.
Conclusion
Pursuing dual degree programs, such as an MBA integrated with ACCA, is a great way to advance your professional career in the competitive job market of today. An ACCA provides specific financial skills, while an MBA broadens business knowledge; together, they form a powerful synergy. When combined, they provide test exemptions, open doors to international prospects, and provide you with the real-world skills required for well-paying careers. Your job chances are further enhanced by the extensive curriculum of an MBA and the flexibility of the ACCA examinations. In the end, earning an MBA with ACCA gives you two degrees, greatly increasing your professional adaptability and positioning you as a valued asset in the accounting and financial domain.
FAQs
Is it worth doing an MBA after ACCA?
Surely, it is beneficial to do MBA after ACCA. It will add value to your resume and you will stand out to take up higher managerial roles. ACCA is an application based course and a great move to complement your skills, enhancing your leadership potential and career prospects.
How many times are exams held in the ACCA per year?
Exams are held quarterly in March, June, September, and December and a maximum of four papers may be taken in a single sitting.
What exemptions will I get if I have an MBA with ACCA certification?
You are eligible for up to nine exemptions with an MBA depending on the subjects you have cleared. For further information, refer to the official ACCA website or contact edZeb via call, text or mail.
Is the ACCA equivalent to the MBA?
No one can take the other’s place as both have their distinct features. Moreover, An MBA is a postgraduate degree, and the ACCA is a global accounting credential. While ACCA enrollment is open after your 12th year, MBA enrollment is restricted to those who have graduated.
