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Should I continue with ACCA or go for MBA?
I have completed 7 out of 13 ACCA paper, also got a good CAT score and thinking of going for MBA from DTU in Analytics, but not able to decide what to do?
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4 answers
Updated
Vamshee’s Answer
If you want to work in finance or a related field, the ACCA plus MBA is a better combination in terms of time and money.
You might get some credits in MBA if you complete ACCA.
Weigh- in both options, discuss with your college counselors and friends who can guide you well.
Write down what's your career goal? where you want to be in next 5-10 years. See which course(s) helps you to achieve career goal.
MBA helps you get into leadership/management role, one approach is to complete ACCA and then pursue full time MBA or join the job and do Executive MBA or part time MBA .
Also, i am not an expert, if you pursue MBA now...can you able to come back and finish the remaining ACCA papers?
Can you use your current CAT score for next year? If so, you can complete ACCA now and Pursue MBA later.
Hope this might give you some perspective.
Good Luck..Dont stress out ...take a calculated and well thought decision after discussing with your friends and family .
You can always wait for another year or two to get into MBA...you might get into IIM's if you can do best in CAT next year or so.
You might get some credits in MBA if you complete ACCA.
Weigh- in both options, discuss with your college counselors and friends who can guide you well.
Write down what's your career goal? where you want to be in next 5-10 years. See which course(s) helps you to achieve career goal.
MBA helps you get into leadership/management role, one approach is to complete ACCA and then pursue full time MBA or join the job and do Executive MBA or part time MBA .
Also, i am not an expert, if you pursue MBA now...can you able to come back and finish the remaining ACCA papers?
Can you use your current CAT score for next year? If so, you can complete ACCA now and Pursue MBA later.
Hope this might give you some perspective.
Good Luck..Dont stress out ...take a calculated and well thought decision after discussing with your friends and family .
You can always wait for another year or two to get into MBA...you might get into IIM's if you can do best in CAT next year or so.
I'm excited to put your great advice to good use!
Ankit
Updated
Drew’s Answer
I'm not familiar with your specific situation, but there hasn't been an answer posted yet, so I thought I would make an attempt. At work, we get questions we need to answer, and when you're an inventor, there isn't a website that has all the answers neatly organized. We need to apply learning tools to understand what we know, determine what we don't know that we need to know, learn that stuff, and then plan next steps until we have learned everything we need to know and are ready to implement our tested decision. I learned this iterative cycle as UDTI (Understand, Develop, Test, Implement); a close correlation is PDSA (Plan, Do, Study, Act). An important aspect of UDTI is predicting the outcome of the next planned cycle. It informs your current understanding of the environment and intuition about how things interact.
In this process, we need to learn about the elements of ACCA and MBA pathways and conduct an Analysis of Alternative outcomes to determine which direction is optimal for you. Remember that you are not locked into anything forever. When there is new information entering the system that affects assumptions or process, it's an opportunity to reevaluate and adjust course.
It's good that you're not focused only on compensation.
List out the requirements - what effort is required of each? what does research say about longevity and evolution of both?
Hang out where people who do what you will do in the future hang out ... join online groups, listen to podcasts, participate in local chapters of professional organizations
Get experience working/volunteering in a lower-level roles near people who doing what you will be doing in the future
Secure a local mentor and sponsor; keep this person informed as you explore UDTI/PDSA learning cycles
Create UDTI cycles for each new learning until you have learned everything you need to learn to decide with high confidence that you will be satisfied with the success you achieve
In this process, we need to learn about the elements of ACCA and MBA pathways and conduct an Analysis of Alternative outcomes to determine which direction is optimal for you. Remember that you are not locked into anything forever. When there is new information entering the system that affects assumptions or process, it's an opportunity to reevaluate and adjust course.
It's good that you're not focused only on compensation.
Drew recommends the following next steps:
I am really grateful you took the time to answer this question.
Ankit
Bob Moore
Supply Chain, Energy. Oil & Gas, Leadership, Management, Careers Overseas
52
Answers
Updated
Bob’s Answer
My recommendation would be to do the MBA later - after you have worked for a number of year's and your career path is getting clearer.
Typically the MBA is required/used for those who want to get into management, who are in a hurry to compete for the top jobs. Now there are some jobs - start up jobs that require and MBA and so you may have no choice. Know that some employees will pay for some or all of the MBA - so this is working checking out.
Better that you start your career, get some experience under your belt, get clarity on career path you wish to take as in general you will not use the skills until you get into management.
Typically the MBA is required/used for those who want to get into management, who are in a hurry to compete for the top jobs. Now there are some jobs - start up jobs that require and MBA and so you may have no choice. Know that some employees will pay for some or all of the MBA - so this is working checking out.
Better that you start your career, get some experience under your belt, get clarity on career path you wish to take as in general you will not use the skills until you get into management.
Updated
Astrid’s Answer
It really depends on what you want to do going forward. If you're interested in an accounting or auditing role, it will require you to have a professional accounting designation such as ACCA. If you're looking for a less specific finance role, an MBA route would be less stressful.
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Access Your Potential is an ecosystem of learning, support and connections for Black and Latino/Hispanic college students, across all fields of study, as they explore their future careers. You will have access to mentorship with PwC professionals, paid consulting externships and free curriculums to help you grow and discover what you want for your career. Find out more on http://accessyourpotential.pwc.com/.