What are the pros and cons of choosing an MBA in Finance over a CFA?

<p>The biggest debate keeps hindering around 2 gigantic names, CFA or MBA? A million dollar question indeed.</p><p><strong>Masters in Business Administration-Finance</strong>, where students are introduced to various areas of business like accounting, marketing, human resources, operations management, and majorly to finance. The career path after MBA depends on a lot of factors, including your area of interest, previous work experience and business acumen of a specific domain. What you learn from an MBA is a broad understanding of how all the different bits and pieces fit together, so you can talk to all the key managers and operators and understand what they are saying. It proffers you the skills to be able to strategize and harness all the resources accessible to you to achieve your goal.</p><p>These are the advantages of MBA in finance over CFA. But with everything, there are some demerits. You really don't get the full application out of an MBA programme unless you go into it with five to seven years of work experience. So, to find a well-paying job, you need experience as MBA is not very much industry oriented.</p>

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A MBA in finance is a full time 2 year degree program which covers from Marketing to sales, supply chain, human resources, account, financial management, etc. It is usually costly to pursue MBA From B-School in India ranging from about 5 lakhs to about 20 lakhs in India. In terms of ROI, MBA will offer more potential above as your starting salary will be about 5-6 lakhs per annum to up to 1 crore for different branches from different B-Schools. The CFA was first introduced in the year 1963 with three level of exams known as charter holders with different skills like investment banking, portfolio management, assets allocation, etc. Regulatory bodies in 27 countries recognize the charter as a proxy for meeting certain licensing requirements, according to the CFA Institute, which administers the test and awards the certification. Financially, getting a CFA designation is cheaper than earning an MBA, as the program is based on self-study and not going to class. The only required expense is exam fee. While it is affordable, the time requirement to earn a CFA is substantial. CFA exams have three sections, which takes six hours each. You must pass each section before proceeding to the next. The first section, Level I, is offered in December and June, while sections II and III are only offered in June. That means, if a candidate passes every part in their first attempt, pursuing CFA is still at least a 19-month journey. All the best.

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