What do you mean by CFA and CPA? Is it a professional degree? Which one has a better scope in future? How can I pursue it?

CFA or Chartered Financial Analyst is a credential that is offered as a part of the CFA programme. Apart from being a programme which is recognised globally, CFA provides its holders with a strong foundation of skills in investment analysis, portfolio management as well as the practical knowledge that a candidate would require in the present day investment industry. Being a CFA holder makes you a part of this worldwide network of professionals who believe in following professional and ethical standards of the highest degree. Clearing all three levels of this examination doesn't just land you the Certificate but it is also a testament to your professional qualities. The chartered finance analyst programme is a certification (<a rel="nofollow" target="_blank" href="https://www.imarticus.org/financial-analysis-prodegree/" style='word-wrap:break-word;'>https://www.imarticus.org/financial-analysis-prodegree/</a>) from the CFA Institute. It is a globally regarded certification. It is essentially a self-study methodology, graduate level programme for professionals who want to pursue a career in investment. A person coming out of any discipline or academics can pursue the CFA programme. Applications to the programme are usually from students and undergraduates to an early professional who intent to get a boost to their career. Although it is important to note that just getting a certification will not guarantee the same. Passing all the three exams of CFA in itself is a very daunting job when compared to the efforts and commitment of the time required as against other management programs like the MBA. In fact, there are many MBA pass outs and CAs who join CFA to get into core investment banking jobs. CFA gives a great technical grounding and offers broad-based scopes suitable for investment banking, research analyst, equity research and portfolio management. The CFA course focuses on ethics, portfolio management, accounting, corporate finance, fixed income and equity investments, so basically if one does not have a very specific choice but needs to build their career in the field of finance then they should opt for the CFA certification as it is broad-based, opening many career opportunities. Passing a CFA Exam shows that the person pursuing the same has the ability to show commitment, tenacity, comes across as a professional with resilience, and rigour. In addition to the learnings from the course, the charter holders are also considered internationally mobile as well due to their association with the global professional network.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

Select the course based on your interest, job role. If you are inclined towards financial markets, instruments, risks and other topics under the investment domain, choose CFA. If it is finance and accounting (audit, taxes, consultant, analyst, etc. ). That you're interested in, go for either CA or CPA. CPA is US equivalent of CA course. You will study both US GAAP and IFRS under CPA. Helping you become a global accountant.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

CPA VS CFA PRE-REQUISITES Criteria CPA CFA Educational Pre-requisites: This varies by state, but typically, in order to appear for the CPA. Exam, applicants should have a Bachelors degree along with 120 semester hoursYou would require only a Bachelors degree. Even in case you do not have one this condition can be satisfied if you have 4 years of professional experienceAdditional educational Pre-requisitesIt generally comprises of 24 to 30 semester hours in accounting, earned through a graduate or Bachelors degree in business. Many students also pursue a Masters degree in order to complete the educational requirements Not requiredWork Experience Pre-requisitesAs far as the work experience is concerned it would vary across states but mostly they require to have completed at least 1-2 years working directly for the CPA. CFA would require a four years professional experience in related field that has a direct role to play with the investment banking process. Furthermore, they need to be the members of the CFA institute Overall Pre-requisitesTo obtain the CPA. Certification, applicants must clear the Uniform CPA. Exam, gain applicable work experience and meet additional educational requirements obtain the CFA certification, applicants must clear the CFA Exam and gain applicable work experience Looking at the pre-requisites we can clearly see that CPA. Is more restrictive when it comes to the educational requirements, but once you GET qualified, the process would be much faster. On the other hand, the CFA is less restrictive and has a lower entrance barrier but it takes much more time to complete and achieve the charter. WHY PURSUE CPA. Accounting as a career choice is an in demand and will continue to be so. To pursue your career as an auditor, CPA. Would be a must or else you would be limited to only entry-level jobs. A CPA. License is extensively appreciated as an indicator of quantitative skills and high standards of professionalism. Once a CPA. Is within this area of public accounting, you could work for any sized firm, from a large CPA. Firm to a small local accounting firm. At the firm you could work on any of these varied fields such audit, tax and management consulting. Also in case you want to work for any business corporate you could choose a field in financial accounting and reporting, management accounting, financial analysis and treasury/cash management, hedge funds etc.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment