student - CA CFA
228 Points
Joined February 2011
Hi Rahul and Anand,
As atated by Anand, CFA fairly deals with Equity research and Portfolio Management only with a Top Down approach (with the Global Recession, this method is considered the worst). CFP on the other hand is not only concerned with Financial Planning but also includes Asset Management and Wealth Management to a great Extent. The demand for people expert in Wealth Management is rising in an emerging Market like India.
CFA certainly is a better option when it comes down to earning a whole lot of money after being hired by top guns and top IBs, but, CA + CFP adds a far more value to the core knowledge of Taxation and Finance which is itself included in the CA curriculum designed by the ICAI.
Sorry Anand, I might be wrong but I would suggest Rahul to go for CA + CFP instead. Also, CFP, as was mentioned by Anand, gives you a lot of 'exemptions' after having completed the prestigious course of Chartered Acoountancy. CFA after CA, to my opinion, shall reduce the lust of the very course of CA.