Comparative Study
CFA vs CA
| CFA | CA |
|---|
| Minimum duration: 2 years | Minimum duration: 4.5 years |
| No Articleship required | Articleship of 3 years under a CA |
| Can be managed along with Final year of Graduation or MBA or full time job | Cannot be managed with MBA or full time job |
| Total Expense is around 2.25-2.75 lac (inclusive of training expenses) | Total Expense is around 2.5- 3 lac (inclusive of training expenses) |
| Jobs are available in upcoming new fields which are quite dynamic, interesting & growing which includes Derivatives, Investment banking, Equity/Debt valuation, Fund Management, Portfolio Management, Risk Management, and Corporate Finance etc. | Jobs are majorly concentrated/skewed towards declining/boring/monotonous profiles which include Taxation and Audit. |
| Most organizations sponsor the CFA program for the employees | Sponsorship is rarely available |
CFA vs MBA
| CFA | MBA |
|---|
| Minimum duration: 2 years | Minimum duration: 2 years |
| Total Expense is around 2.25-2.75 lac (inclusive of training expenses) | Total Expense is around 7.5-12.5 lac (inclusive of opportunity and hidden costs) |
| Jobs are available in upcoming new fields which are quite dynamic, interesting & growing which includes Derivatives, Investment banking, Equity/Debt valuation, Fund Management, Portfolio Management, Risk Management, and Corporate Finance etc. | Jobs are majorly available in marketing profiles in broking/banking/insurance sector or research profiles in BPOs/KPOs/Research companies. |
| Even a CFA level -1 or CFA level-2 commands better profiles than many MBAs. | Even a full time MBA does not command respect in Finance profiles. |
| Is considered as an expert in Finance domain. | Is never considered as an expert in Finance domain. |
| Most organizations sponsor the CFA program for the employees | Sponsorship is rarely available |
Disclaimer
CFA Institute does not endorse, promote, review or warrant the accuracy of the product or services offered by CFEC or verify or endorse the pass rates claimed by CFEC. CFA and Chartered Financial Analyst are the trademarks owned by the CFA Institute. Global Association of Risk Professionals TM, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by CFEC for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP is not responsible for any fees or costs paid by the user to CFEC nor is GARP® responsible for any fees or costs of any person or entity providing any services to CFEC Study Program. FRM®, GARP® and Global Association of Risk Professionals TM, are trademarks owned by the Global Association of Risk Professionals TM, Inc.
