The accounting and finance space is full of prestigious finance courses. If you want to know about ACCA vs. MBA finance courses that will help you make the right career choice, lets find out:
Subjects of Study
If you have a knack for accounting and critical thinking and you want to exercise your problem-solving ability, the ACCA fits the bill. ACCA solely focuses on finance and accounting. This UK-based certification can be a very lucrative opportunity for students to start their careers on a high note or for career advancement. Passing thirteen exams with three professional levels and a vast range of subjects you need to deal with, ACCA certification with a global edge can work wonders for your career.
Now, switching to the MBA in finance entails a broad coverage. It covers accounting, marketing, operations, management, and various other business topics. You do not get a certification after course completion. In this case, you manage to get a degree. This post-graduate degree lets you dabble with business management while finance remains the backbone.
Course Duration
A professional qualification, ACCA, requires you to pass a series of exams. The programme duration can vary based on the student's learning pace. Completing the ACCA course with NorthStar Academy takes around 24 months. For an MBA program, it is generally two years.
Cost
It is not enough to choose a finance course; your affordability factor also matters. it is more expensive to pursue an MBA course. In comparison, ACCA can be a little less expensive.
Salary
Are you curious to know about the pay packages? After you are armed with the ACCA degree, you can weigh many job titles and roles, gain global exposure, and get a higher salary package. However, even in the highest-paying MBA job titles like Financial Planner or Financial Analyst, your salary may be lower than that of ACCA professionals.
Eligibility Criteria: ACCA Vs. MBA Finance
For ACCA,
You should have at least three GCSEs (General Certificate of Secondary Examination) and two A-levels in five different subjects. Mathematics and English are included here.
Secure a Bachelor's degree to be eligible for this programme.
Please note that a 3-year documented work experience under a supervisor is required to achieve the ACCA qualification.
For MBA,
The general MBA eligibility criteria usually state that a candidate has to score a minimum of 50% or have an equivalent CGPA in graduation from an esteemed university.
To join an MBA in finance, 2 or 3 years of work experience other than a relevant undergraduate degree is often required.
For some MBA programs, students also have to take the GRE or GMAT test.
