Both courses have different work profiles. Someone who is interested in Accounting, Auditing, Tax consulting, Book keeping should go for ACCA. Someone who is interested in investment banking, portfolio management, and equity research should go for CFA. Now, a quick comparison between the two.
Recognition- CFA is recognized in all 206 countries, as it is one of the best finance courses in the world. ACCA is one of the oldest and best accounting course with recognition in 170+ countries (as they claim on their website) it comes with certain limitations, which are due to varying accounting and tax laws in different countries. Also, ACCA i
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Both courses have different work profiles. Someone who is interested in Accounting, Auditing, Tax consulting, Book keeping should go for ACCA. Someone who is interested in investment banking, portfolio management, and equity research should go for CFA. Now, a quick comparison between the two.
Recognition- CFA is recognized in all 206 countries, as it is one of the best finance courses in the world. ACCA is one of the oldest and best accounting course with recognition in 170+ countries (as they claim on their website) it comes with certain limitations, which are due to varying accounting and tax laws in different countries. Also, ACCA is not accepted in the USA. CFA is accepted in the UK.
Scope - As mentioned above, ACCA work profile include jobs related to mostly accounting and auditing, in the coming years with advanced technology and automation, the accounting jobs are at risk and same is the case for some of the auditing jobs. CFA, on the other hand, gives you the ability to take better investment decisions both for the business and for an individual investor, even with automation or any upcoming technology, humans will be needed to take the final call.
Salary - Backward looking jobs (accounting/ bookkeeping) pay the least.
Second, the highest pay is in the jobs, wherein you work for the present (operations manager) and then comes the forward-looking jobs (General manager/CEO/MD/ Investment advisory) with the highest pay. Average Salary of a new CFA graduate in the USA is $49k/annum, average salary of new ACCA graduate in the UK is 30700 or $41000. So, all in all, I find CFA a better course to do, but for someone who is interested in both fields, he can go with a combo (ACCA + CFA).
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Both courses have different work profiles. Someone who is interested in Accounting, Auditing, Tax consulting, Book keeping should go for ACCA. Someone who is interested in investment banking, portfolio management, and equity research should go for CFA. Now, a quick comparison between the two.