CFA V/s CA

 



CFA (Chartered Financial Analysts) and CA (Chartered Accountancy) are two important courses in finance domain. Both are excellent courses and unique in their own way. Choosing a professional certification between both courses is dependent upon your interest and qualification. To decide which course to pursue, one should know all about CFA and CA in terms of courses, advantages. 

CFA certification or Chartered Financial Analyst is a program conducted by CFA institute, California.  The program aims to provide professional training and education in the field of finance and investment analysis. To avail the CFA certification, one must pass three levels of CFA examination. CFA is a globally recognized certification program. The average salary package for a CFA charter holder is 12,00,000-20,00,000. Some of the common job profiles for a CFA charterholder include portfolio manager, consultant, investment analyst, strategist, wealth manager etc.

CA or Chartered Accountancy is a certified qualification in the field of commerce and accountancy. To become a chartered accountant, one has to qualify a number of rounds such as CA foundation, CA Intermediate and CA final. It takes 4-5 years to become a CA.  The average salary package for a chartered accountant is 7,00,000-20,00,000. Some of the common job profiles after completing CA include internal auditor, management accountant, public accountant, government accountant etc. 

The successful rate of becoming a chartered accountant is 0.4% out of 1000 while the passing rate of a chartered financial analyst is 9.4%. An average CA final year student takes 10 hours to study daily for a period of minimum 4 months. It implies the minimum time period to clear final CA is 1350 hours. According to CFA candidate survey 2017, CFA aspirants spend minimum 960 hours to clear all CFA exams. Clearly, the passing rate for CFA is more in comparison to CA with a lower time required to clear the examination. A student after clearing CFA level 1 exam can work under various job profiles with a decent salary package. However, under CA article ship, a student doesn’t receive any amount of stipend. The examination pattern for a CA is written throughout. CFA exam comprises MCQ pattern without any negative marking. 

Some of the distinguishing features like real-world expertise, career recognition, ethical grounding, global community acclamation and employer demand make CFA designation, one of the most famous programs all over the world. After clearing CFA level 1 exam, a student can begin his/her career in the field of finance under the job profiles of portfolio management, consultancy, investment analysis, wealth management etc. 

To know all about chartered financial analysts, click here.

Comments

Post a Comment

Popular posts from this blog

What is CFA Course all about?

Image
CFA stands for Chartered Financial Analyst. It is a globally-recognized professional certification program that gives a strong base to students in the field of finance. It is considered gold standard in finance. Students and professionals who are willing to make their career in investment banking, equity research, capital market, portfolio management, corporate finance etc., should pursue  CFA course . CFA program  is conducted by CFA institute. The institute was established in 1947. The CFA course has come up as the top qualification in investment industry. The main requirement to become a CFA charter is clearing all three levels of the CFA exam and meeting relevant work experience requirements. The exam covers important topics for investment industry such as equity, fixed income, private equity, derivatives and real estate. If you want to receive top quality investment education, then getting a CFA certification is the best career choice for you. This is one of the most reputed desig
Read more

CFA Mock exams and practice questions

Image
  Someone very rightly said- “a dream doesn’t become reality through magic, it takes sweat, determination and hard work.” Earning the global finance designation isn’t an easy path. It takes a lot of passion, determination, hard work and diligence to become a chartered financial analyst.  CFA course  regarded as the highest distinctions in the investment management profession equips one with the appropriate skills and expertise required to survive in the domain of finance. To hold the CFA charter, one must pass all three levels of CFA exam. Preparing for the CFA level 1 exam requires thorough study and perseverance. To ease the process of preparation, CFA Institute, California, provides mock exams and practice questions. CFA mock test are an important way to be acquainted with the format and data of the exam. It enables one to know the topics to be studied, prioritize the time to be given for each question. Attempting more CFA practice questions and mock tests helps one become more comf
Read more