Here’s an interesting article that discusses why an MBA is better than a CA. The article is from India but I think a lot of it is transferrable to Canada. Not that I agree with the author in any way — in fact, she is completely and utterly wrong in every available aspect.
Her main reason is that MBAs rise to CEO, whereas CAs rise to CFO.
The reason is simple: being CEO is about vision and leadership. This would require you — at times — to take a leap of faith, even when the numbers are against you. For example, you diversify into a new area of business. This may mean investing a lot of money, literally burning cash in the initial phase. It may look very bad on the balance sheet for a while, but there is a gameplan and eventually it pays off.
The author must, therefore, be contending that leadership and vision are teachable quantities. How else would all MBAs be blessed with such traits but through the always arduous path of study through Masters programs?
Apparently case based study in grad school will endow one with foresight and the courage to use it, but self-directed case based study under the CA program teaches one to look only to the numbers and the immediate effect on the balance sheet.
This is wrong. In any case I’ve written, you have to argue both sides to every issue and reach a reasonable conclusion, keeping the needs of the client first and foremost in mind.
Weighing qualitative and quantitative considerations are critical to writing a competent, well-rounded case response. Keeping the company’s strategy and critical success factors in mind will guide your response and frame your recommendations.
The truth is you can’t look at the letters after one’s name to determine how far they will go in their career. It’s an individual thing. Key is what one does with the credentials after they’ve earned them.