Skip to content

Looking for a web app to guide your career journey?

Explore more on iDreamCareer App

Home » An Ultimate Guide to CFA vs Other Course(s)

An Ultimate Guide to CFA vs Other Course(s)

cfa vs other course

Do you want to pursue a career in finance and related fields? But confused about which course to pursue? Instead of choosing the same old common fields, you can choose from a variety of specialized career fields in finance. When finance comes to mind people think of CFA. But do you want to explore other courses as well? Looking for an answer on CFA vs other course(s) such as CFA vs CA, CFA vs CPA, etc.?

Did You Know?

CFA is a professional degree which is offered by the CFA Institute, the USA

If you found this post in the endless stream of content available to you on Google, consider “ lucky. You’ve made a wise choice.

What all is covered in this post?

To make it easier for you, we have created a quick guide to everything you need to know about the CFA vs other course(s).

What all is covered in this post of cfa vs other course

What is CFA?

The full form of CFA has Chartered Financial Analyst. Offered by the CFA Institute, this course focuses on several aspects of finance and management along with the integration of core knowledge of the investment discipline. It works to improve your analytical skills and gives you an understanding of how you can navigate ethical issues in the investment industry.

This program is very useful for those who aspire to a career in banking or financial services. The course syllabus includes equity investment, corporate finance, derivatives, financial reporting, analysis, etc. It prepares applicants for ethical investment management. The course includes different phrases and a duration of 1.5 – 4 years.

Without further ado! Let’s come to the point…

Discover More by accessing the Free Career Dashboard

This will help us share relevant information with you.

CFA vs CA

Chartered Accountants and Chartered Financial Analysts are two of the most demanding career options in the corporate world. Although both of them are more or less the same, there are some useful differences between them, so it is difficult for an applicant to make a choice between the two professions.

Let’s briefly discuss the nature of both of these professions for determining which one is best for an aspiring accounting professional.

ComponentsCFACA  
Governing bodyChartered Financial Analyst InstituteICAI – Institute of Chartered Accountants in India
Focus subjectsAccounting Corporate Finance Equity investments Ethics Fixed Income Portfolio ManagementAudit and attestation regulations Business environment and its concepts Financial accounting and reporting
Job rolesEquity Research Investment banking Portfolio managementGovernment accounting Internal auditing Management accounting Public accounting
RemunerationUp to Rs. 4 lakhs (however, it increases gradually with experience)Rs. 6-7 Lakhs (however, it increases gradually with experience)

CFA vs CPA

The CFA program is demanding, and the CFA designation is a testament to the knowledge, skills, and determination invested throughout the three exams, professional requirements, guidelines, and more. Certified Financial Planners (CFPs) are also financial professionals. ​​​​​​While many CFP professionals pursue careers that involve working directly with individual clients in financial planning services, CFA charter holders pursue careers as investment professionals, including private wealth management and financial counseling.

FRM vs CFA

The FRM (Financial Risk Manager) is highly specialized and has a stronger emphasis on risk management, while the CFA designation covers a broader range of financial analysis and investment topics.

While the CFA designation opens employment prospects in research analysis, investment banking, and portfolio management, the FRM, on the other hand, will open up opportunities in banking, treasury, and risk management.

In terms of career building, both FRM and CFA are on equal footing as both are globally recognized designations with wide employment opportunities in their respective fields of expertise. Many finance professionals gain both qualifications to better fulfill their roles and careers.

CFA vs MBA

The CFA program and the Master of Business Administration (MBA) program offer advantages that will help you advance in your career. While the programs share some similarities, key differences make the CFA program particularly well suited for an investment career. Traditionally, MBA programs have been a traditional business management pathway, and a typical program offers a broad business curriculum that includes finance and investment aspects.

The curriculum of the CFA program, however, specifically focuses on investment analysis and portfolio management and provides an in-depth knowledge of investment principles and ethics. While the best MBA programs have extensive networks, the CFA program connects candidates with a global professional network of elite investment professionals. Industry recognition also varies.

CMA vs CFA

ComponentsCFACMA  
Full FormChartered Financial Analyst InstituteCertified Management Accountants
Focus subjectsAccounting Corporate Finance Equity investments Ethics Fixed Income Portfolio ManagementWorking-capital policy
Financial statement analysis
Valuation issues
Job rolesEquity Research Investment banking Portfolio managementChief financial officer Corporate controller Financial Controller
RemunerationUp to Rs. 4 lakhs (however, it increases gradually with experience)Rs. 5-7 Lakhs (however, it increases gradually with experience)
Source: Everything you need to know about CFA Program by FinTree

CFA vs ACCA – which is harder?

Both CFA and ACCA (Association of Chartered Certified Accountants) are well-known certification courses in the financial sector. But CFA is much more difficult than ACCA. It has been observed that only 10% of candidates who enroll in the CFA course successfully complete it.

Also, you only get 4 years to complete the course compared to the 10 years allotted to complete the ACCA course. Even the prescribed CFA syllabus is longer than ACCA.

ACCA-certified professionals are recognized worldwide and employment opportunities are expanding to a high level. You can take up a prestigious position as an accountant, internal auditor, financial manager, financial consultant, and tax manager.

The difference between the two lies in the career prospects that both certifications have. The CFA is designed for professionals who want to develop specialized skills in equity research and financial analysis. ACCA certification, on the other hand, is a well-known entry-level course suitable for careers in finance, auditing, and accounting. ACCA opens you up to a wider career horizon with ample opportunities.

CFP vs CFA – which is better?

The CFA program is demanding, and the CFA designation is a testament to the knowledge, skills, and determination invested throughout the three exams, professional requirements, guidelines, and more. Certified Financial Planners (CFPs) are also financial professionals. While many CFPs pursue careers that involve working directly with individual clients to provide financial planning services, CFA holders pursue careers as investment professionals, including private wealth management and the role of a financial advisor.

Final words

Hope we were able to answer queries to all your questions! If not, connect with industry experts.

At iDreamCareer with the help of our Career Counselling and Guidance Services and educational counsellors, we try to help many young confused minds from 9th class10th classclass 11, and class 12 with an aim to select their suitable career choices.

Also Read:

Discover More by accessing the Free Career Dashboard

This will help us share relevant information with you

1 thought on “An Ultimate Guide to CFA vs Other Course(s)”

Leave a Reply

Your email address will not be published.

Please share the below details.
We will arrange a call back for you.

iDreamcareer

Please share the below details
to help us to serve you better.

Limited Free Sign-ups left.

Explore more information about Careers, Colleges, Entrance Exams and Scholarships.

Thanks for sharing your details.
Our team will contact you
for further steps 🙂