MBA vs CFA

Will you please tell me which course is better MBA or CFA? Give me details about the career opportunities of it?

[Kiran Chandar]

An MBA is the traditional route into investment banking, but it’s lack of technical training and MBAs are gravitating away from finance anyway.

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

Cost
The CFA is the cheaper option than MBA

It’s between $650-1280 to take each exam,

By contrast, tuition fees for MBAs at large business schools are anywhere between $60-100k, and that’s before an additional $40k is added on for books and living costs.

Time
The CFA Institute recommends that you study for 300 hours before you take one of their tests

All exams are offered in June, and Level I is offered in December.
It usually takes longer — between 2.5 and 3 years.

Most Business School programs are two year programs. If you're doing it part time, it could be longer.

Compensation




PayScale
People that are only CFA charterholders tend to make $27,000 more than people that only have a MBA, and $13,000 more than people that only have a MBA in Finance.