Disclosed are a camera module and a mobile terminal having the same. The camera module includes: a first lens assembly with a variable focal length; a second lens assembly that is provided under the first lens assembly, spaced apart therefrom, and corrects for spherical aberration of the first lens assembly; and an image sensor provided under the second lens assembly, wherein the second lens assembly corrects for spherical aberration of the first lens assembly according to the field of view (FOV) of the first lens assembly.