Difference between MBA in finance and ICWA course


Master of Business Administration in Finance is a course which has got wide spread recognition, universally accepted and is opted by many for their post graduation. Institute of Cost and Work Accountants (ICWA) course provides knowledge in Cost Accountancy and Management Accountancy. These courses are in demand now a days and are opted by many students for their higher studies. The most important attracting factor of these two courses is its wide scope and opportunities available both in the home country as well as abroad. The salary for freshers will be less compared to the experienced candidates but will be reasonable compared to the candidates taking up other courses of the same kind.

MBA in finance and Opportunities

Master of Business Administration in finance is a postgraduate programme and its duration is for two years. The candidates with finance back ground or those who are really interested in starting their career in the financial sector can choose finance as their specialisation. The job opportunities available for the candidates include

  • Portfolio Manager
  • Personal Financial Adviser
  • Financial/Securities/Investments Analyst
  • Financial Research Analyst
  • Credit Risk Management Analyst

There are plenty of opportunities available for MBA finance graduates both in India and in abroad. The candidates who wish to pursue a career abroad can even choose the institutes outside India for their studies.

ICWA and Opportunities

The students who have passed their twelfth class can join the foundation course of ICWA. Those successfully completing the course are considered to be eligible to join intermediate course. The candidates need to pass the intermediate course in order to get admitted for final course. The job opportunities available for ICWA candidates include

  • Internal Auditor
  • Financial Controller
  • Finance Manager
  • Cost Controller
  • Accountant etc

Many candidates after their ICWA course opt for self – employment. They enter into the post like Consultancy assignments, Excise Audit, Mandatory Cost Audit etc.

Key difference between MBA in finance and ICWA course

Both MBA and ICWA are similar in some respect but are different in many aspects.MBA in finance is mainly into business finance where as ICWA focuses on the accounting aspects like collection of financial data and information, book keeping etc. The candidates can choose any of these courses based on the area of their interest.MBA in finance is mostly compared to ICWA course and the professional taking up a course in these areas give a stiff competition to each other.



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11 Responses to “Difference between MBA in finance and ICWA course”

  1. 11

    sir,i have question that for the post of C.E.O,M.D orany member of board which course is better for me I.C.W.A or C.S

  2. 10

    can icwai course be done without taking any coaching from any institutes?

  3. 9
    Sunaina Chandna:

    i want to ask about the fee sturcture of icwa course and now i am doing bcom hons 2nd year from delhi university so is there any exemption from any paper of icwa intermediate if a person is graduated/post graduated form commerce

  4. 8

    i have done MBA (finance). now i m thinking to do ICWA. can i do icwa with job? after passing icwa,is it complsry to do training?

  5. 7
    ershad ali:

    Pls help and tell me from which college or institute I can complete my ICWA course.

  6. 6

    what is a benefit of scollership?

  7. 5

    about icwa and mba

  8. 4
    preeti sharma:

    i have clear my graduation b.com and is really confused between mba and icwa , so help me out with this??

  9. 3
    Ankit Singh Rana:

    Intimate date of enterance Exam of CAT/MAT to be conducted after April 2012. I appear in B.Com final year exam to be held in April 2012. Can I appear in said exam if scheduled before declaratin of my final year exam.

  10. 2
    shilpa kaushik:

    Respected sir/madam,
    I have completed bba in 2011,now i want to continue studies further,so is it possible that i can do cwa along with mba correspodence…and even i want to ask that internship under is mandatory for cwa or we can work somewhere else…your info must be going to help me..hope you reply soon…

  11. 1

    MBA are PGDM course is better?