How to determine right balance between academic and professional qualifications? Is there any particular situation where one supersedes the other?

to my point of view, to have a management position in young life professional qualifications play a vital role.
further with only academic studies it will taka very long for you to learn business things (with the passage of time as you experience them) where as while studying towards professional qualification you can go through these with in few months...
academic studies are to make you an educated person where as professional qualfication makes u perofessional (an expert) in relevant field...