u all are great

logicalbanda · 01-29-2005, 05:15 AM

asalam o alaikum
i posted the topic ca or mba or acca and i m glad i received so many valuable suggestions
i must say u all people are great you all have great knowledge about these fields specially maani bhai sajjad bhai avgjoe and everyone in short
i m now going for CA after 2nd year

thankyou

Desert Sleet · 01-29-2005, 04:27 PM

. To tell u the truth there is not that big a market for MBA's now in Pakistan. The bubble has bursted. People saw it as a money making field a couple of decades ago but nowadays I've seen MBA's working for as low as Rs.8,000 Rs. The market for ACCA is also not that huge with many large companies not having a clue as to what it is (although ACCA has gained recognition amongst companies such as PSO, Unilever, ICI, Caltex and Orix). Ca is purely an orthodox field... a master of all and jack of none kinna thing Therefore, it wont be much of a point for you to do ACCA or MBA as the Pakistani market is still dominated by CA's.

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If I could... Then I would... Turn back time!!

syedhassan · 01-30-2005, 06:01 AM

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
. To tell u the truth there is not that big a market for MBA's now in Pakistan. The bubble has bursted. People saw it as a money making field a couple of decades ago but nowadays I've seen MBA's working for as low as Rs.8,000 Rs. The market for ACCA is also not that huge with many large companies not having a clue as to what it is (although ACCA has gained recognition amongst companies such as PSO, Unilever, ICI, Caltex and Orix). Ca is purely an orthodox field... a master of all and jack of none kinna thing Therefore, it wont be much of a point for you to do ACCA or MBA as the Pakistani market is still dominated by CA's.

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If I could... Then I would... Turn back time!!

<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>
hi there...
ur right about MBA market here...
but i think ACCA is gaining much recognition gradually in PAK market...
as even some american firms prefer ACCA's and CA's equally...
and as, in the month of MAY... some more companies enter PAK market... so there is a change coming that you can taste some...
and as ICAP relies on quality than quantity much..
so.., ACCA covers the shortage in market for CA's also at low pay...
but an ACCA with some Dominance in the IT is much high valued, as equal to CA's other than the allowance for AUDIT PRACTISE...
many ACCA's then turn inti CA's also...
regards...
syedhassan...

ACCA

maani · 01-31-2005, 06:59 AM

Hi Dear,
I have a disagreement here...ppl, value of MBA has not reduced here in Pk...only third class institutes have increased to a great extent...
MBA of LUMS and IBA have even more demand than CA...they are recruited on their campus by the multinationals...but this is not the case with CA or ACCA...
and sorry to ACCA guys...it also donot have a strong position here in Pakistan...

Ace

Shahid_fss · 02-03-2005, 03:25 AM

u r right maani, value of MBA is now on the basis of institute.
There are MBAs who don't care about a job of 40,000 and there are some (i.e MBAs of Prestone) who are wishing for 5,000.

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Nauman · 02-03-2005, 11:12 PM

I have never known an MBA who gets a start of 40,000 right after doing MBA, and I know alot of graduates from LUMS and IBA.

Nauman-ul-Haq

Shahid_fss · 02-04-2005, 03:55 AM

Beleive me. A friend of my mother told me that her sister has recently done MBA from Quaid-e-Azam univercity and is now doing a job in some Bank with 40,000 pay.
Actually she was telling me that how much valuable is MBA but I never liked it. In my openion ICMA or CA is best.

========================
```*``` I love stars;
*`*`*`* Shining;
`*`*`*` and Smiling;
*`````* Always.
------------------------
[email protected]
http//www.shahid-fss.tk
========================

sajjad_dar2000 · 02-04-2005, 10:16 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Shahid_fss
 Beleive me. A friend of my mother told me that her sister has recently done MBA from Quaid-e-Azam univercity and is now doing a job in some Bank with 40,000 pay.
Actually she was telling me that how much valuable is MBA but I never liked it. In my openion ICMA or CA is best.

========================
```*``` I love stars;
*`*`*`* Shining;
`*`*`*` and Smiling;
*`````* Always.
------------------------
[email protected]
http//www.shahid-fss.tk
========================
<hr height="1" noshade id="quote"></blockquote id="quote">
A friend of mine told me that his friend is working with a Bank (ACCA qualified) and he is getting Rs 70,000 a month.

We should compare salary with total percentage, Mean to say how much percentage of MBA people getting good salary??? If 5 out of 100 getting higher salary than I am afraid it doesnât mean that MBA has good salary scope.

Few months ago a new student became my roommate he is originally from Sahiwal and working with WAPDA in Lahore. He is divisional accountant and MBA qualified. He got 3 years study leave and now doing PhD in finance.

Do you know how much salary he is getting from WAPDA...just guess?
.........
...
Only Rs 6,400 (MBA first Division Qualified)â¦what would you say here?

Regars

Sajjad Dar

shahzad · 03-02-2005, 07:25 AM

good discussion ,
lkain main hairaaaan hoon, aap log kin 2 cheezoon kaa compare kar rahay hain,, aaap chahaay phd kaa compare bhee CA say kar rahay hain too bheee wrong hay, MBA chahay LUMS ya IMA or ILM kaa hoo , hay too MBA hee naaaaaa.. aik simple saaa route map, kuch chezzain parhooo aorr degree lay loo.. main khud CIMA(inter) ka student hoon aoor MBA karna chahoon too LUMS say kar loon, but mujhay kia benefit, knowledge bridge hay normal education like m.com.mba,phd aoor CA,CIMA kay darmian,,,lakin main ACCA koo exclude karta hoon,,, woo degree accounting profession kaa naaam daboo rahee hay, itnee aasaan degrees too hoonee heeee nahin chahiay,,
shahzad ramzan

the_farhan · 03-04-2005, 05:27 PM

i agree many of u , n not with many of u, mates.

it is a fact tht market of mba was(n is) declined bcoz of substandard institutions. as long as iba n lums were the key producers, the things were quite good. but things r still good if u r hard working n come out of good institutions with MBA degrees.

well, the comparision of mba n ACCA/ACA on the basis of salary is not justified, bcoz mba n acca/aca ve very little in common in terms of their fields of operations.

if v talk abt accounting n finance area, yes, definitely ACCA/aca ve an edge ___ n they shud ve it bcoz of more rigorous efforts of these guys ___ so better salaries for acca/aca.

if v look at marketing or human resource management areas of a company, or purely the financial institutions, i find tht mba is better for it ___ n hence very highly paid salaries there for MBAs.

my classmates who were in iba n lums, got their jobs in their final semesters with good MNCs, particularly those friends who were in marketing ___ some of them started off at 40k+.

conclusion is tht salary is not the proper parameter to segment the market bcoz acca/aca n mba r not the players of same fields, although they do overlap on many a occasions.



FARHAN

live, n let live ...

the_farhan · 03-04-2005, 05:43 PM

mates, one moreason for the downfall of good quality MBAs is tht MBA has now become the LAST RESORT for most of the disappointed ppl. this is a fact, n the most crucial reason. i ve got to know it personally.

ne1 who is not happy with his current profession, thinks none other thn mba. the main reason is tht mba has happened to b the only qualification in the world tht has no restriction upon previous academic back ground. it doesnot matter whether u r a doctor, or engineer, or accountant, or pharmacist, or whatever, u r always get in. but this is not the case in other fields n degrees. unless u ve proper n relevant background, u cannot think to enter it. so almost every person who is not feeling good with his current jobs or field, thinks abt mba only. this is a desparate decision in 95% cases, rather than internal motivation. it leads to poor quality mba graduates in the end. this all is my personal observation.

i personally know a person who did his MBBS just bcoz his parrents wanted him to b a doctor, now he is doing MBA half-heartedly bcoz he finds himself unfit in medicine profession. he is in mba bcoz he could not join ne other profession, eg, engineering or etc. u can now well imagine wht quality will he posses in the end. these r the reasons tht ve led to a downfall of good quality MBAs in pakistan.

but if u look at MBA markets in europe n usa, the case is totally different. they dont let ne1 get into MBA without 4-5 yrs of job in the field of his graduation. additionally, the potential student has to submit a synopsis in order to persuade the institution tht he really deserves MBA degree for career growth. then he has to take GMAT tests, interviews, n other phases, b4 he enters in MBA. so u see, wht a good quality MBAs do their institutions produce. just look at LSE, harvard, MIT etc.



FARHAN

live, n let live ...