Is taking the cfa worth it?



CFA is one of the most globally recognized qualifications in Finance. But there’s always a debate around the fact whether having a CFA charter is worth all the effort or not. Well, the fact that it requires a certain dedication and discipline, makes it worth a pursuit. There are many benefits of CFA and some of them I’ve listed below for you:

Moving abroad: If you are planning to move to a foreign country, for example Europe, then having a CFA charter helps a lot. Because of the global recognition of the charter, you automatically gain eligibility to work at the finance and accounts industries all around the world.

Many more profile options: When it comes to accounting and finance, people feel limited in terms of career options. Whereas a CFA charter opens doors to a diverse list of work profiles such as Portfolio Manager, Research Analyst, Corporate Financial Analyst, Financial Advisor, Relationship Managers, Risk Manager, Investment Banking Analyst, Strategist, Trader, Broker. Performance Measurement Specialist, Private Banker and more.

Detailed knowledge: The CFA qualification requires you to clear three levels of exams viz. CFA Level 1, CFA Level 2, CFA Level 3, throughout which you read and acquire knowledge that you otherwise would take years to gain as a professional. The syllabus obviously helps you identify your academic prowess and if nothing else, just the preparation will give you insight on practical aspects of finance and accounts industries worldwide. You’ll grow as a person, intellectually.

CFA has its huge set of benefits, but you must know that it is mostly about equipping yourself with the correct skills in order to become a global asset for your industry. Because a degree or a charter is only a part of a person, which makes him qualified on paper, but it takes more than just qualification to get a job and an identity. The words you are looking for here are networking and interviewing skills. If you do not have these soft skills, you may need professional guidance.

CFA exam is not that hard if you prep right. The best place for CFA preparation in India is EduPristine. It is one of the market leaders for Finance preparation programs and a reliable name. They are also known for their faculty members who are practitioners from the Industry itself. And the cherry on the top is that they also provide Career Services where they help you with your soft skills and train you for interview. 

The worth of CFA depends on how you perceive the efforts you put in for an examination. If you value the things you learn in the process then you’ll definitely find worth in the CFA course.

 
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yes it is worth than a degree
 
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Hey, I am looking for a dedicated study partner for CFA I have put my profile and study schedule on StudyPal. All my friends in New York use it to find study buddies and groups for CFA test
 
 
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CFA is the most coveted degree on finance which consists of 3 levels in total. Passing marks for CFA L-1 comes within a 35% to 45% bracket, in L-2 it increases to 42% or so, and in L-3 the passing marks increases between 45% to 55% or so. CFA is not only about stock markets, it covers anything remotely related to finance. CFA with an MBA is of global value, however, salary prospects outside India is higher due to the standard of living. In comparison to C.A or MBA In comparison to C.A, CFA includes an entire curriculum on finance while CA only contains a subject in finance. CFA is a globally recognized degree and the exams take place all over the world. 4 years of work experience is required for a charter, which you can complete before, during or even after the completion of your CFA course. Work experience in your own business also counts. There is more depth of finance in CFA than an MBA or a C.A. Pay-Scale There is no fixed amount of salary a CFA can expect to get. The pay generally depends on your performance and how you use the skills you learnt during the course. For a CFA his/her designation, presentation skills, IT skills, general knowledge, how well read he/she is and the economy's knowledge are some factors which can play a significant role in the pay-scale. Studying and constantly increasing your knowledge will increase your chances to get a higher salary. At the end of the day a CFA will not be paid for the degree that they have, they will only be paid for the level of revenue they can generate for the company. Salary also depends on the country you are working in, for example the salary of a CFA in the U.S is more due to the high cost of living there. Job Prospects There are varied career options you can choose from once you become a CFA. You can work in the finance dept. of a company or in the risk dept., you can also work as an equity analyst, investment manager, portfolio manager, forensic auditor, etc. Mutual fund houses, private equity houses and hedge funds also employ a lot of CFAs. It is very important to prioritize your education to move ahead in life. Apart from studying, reading novels (management and economics), keeping updated with current news and reading blogs like HBR and Forbes is crucial. Participation in management/business fests and debates is also necessary. Since there is no demand for mediocrity, you have to take your career seriously and invest in yourself. To get an unbiased and experienced opinion on this topic, watch this video below of Aswini Bajaj who is a trainer, global consultant in delivering lectures on finance and a public speaker.
 
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