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29th April 2016, 08:13 AM
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Join Date: May 2012
Re: Cfa Vs Mba Finance

An MBA is the conventional route into investment banking, particularly in the U.S., but it’s lack of technical training often leaves new recruits lagging others in the organization and MBAs are gravitating absent from finance anyway.

The CFA, meanwhile, provides a great technical grounding, but doesn’t unavoidably give you the management nous to navigate the financial services industry into the senior ranks.

This is how to decide.

CFA - Chartered Financial Analyst

The CFA designation is given to those who pass three extremely hard exams and who also have the prerequisite work experience.

The entire CFA program may cost less than $5,000 depending on the quantity of study materials acquired.

However, all three exams have pass rates that are less than 50%. Odds are that you will fail at least one exam.

Avoiding failure means a lot of self-studying.

The CFA program is a pain the a$$, and everyone with the CFA charter knows this.

The content learned from the CFA program is unswervingly applicable to investing, though.

It won't necessarily make you a better investor, but it will provide you the building blocks to become one.

Few Pros and Cons

Pros and Cons

They are:

PROS-

Gaining specialized knowledge extremely useful in finance.
No require to leave full-time job to study CFA.

Necessary for equity research, portfolio management and certain hedge funds. All three options are high in demand; thus, a lot of career growth potential.

CONS-

An intense exam system necessitating at least 1000 hours of study to clear all the three levels.

CFA has no value outside finance. People interested in private equity, bulge bracket investment bank or venture capital will find CFA to be of little help.

No right of entry to recruiters or networking unless you have attended the exam and joined CFA society.

MBA - Master of Business Administration-

To some the MBA is seen as a lane to personal wealth.

To others, it is the whole thing that is wrong with corporate America.

In reality, the truth lies somewhere in between.

Getting an MBA may be tremendously luxurious, but the payoff lies in better opportunities and a higher salary.

However, unless you are in an investing track, an MBA won't make you a improved investor.

Few Pros and Cons

They are:

PROS-

Helps to gain “soft skills” useful in management
Develop better networking skills
Extensively recognized even outside finance oeuvre
ACCESS to consulting firms, banks and other financial or non-financial companies

CONS-

Requires leaving full-time job for 2 years

Very luxurious, leaving learners in debt


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