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Is MCA degree necessary for a developer job in MNC?

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Senior software Engineer with 6+ years of teaching experience.

No it is not, even i am a MCA degree holder working in a MNC and i have seen so many graduate who did BCA or B.sc they are earning more than MCA people. So the thing which matters the most is experience and learning.
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Online Teacher with over 30 Years Experience

Its not necessary but it always helps. If you find candidates with an MCA degree and you with a BCA, the probability of you getting selected gets lower...
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I want know about the salaries we get by the jobs after doing MCA
It is fully based on your skills and ability.
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