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, CFA includes an entire curriculum on finance while CA only contains a subject in finance. CFA is a globally recognized degree and the exams takes 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.
You can also opt for a C.A after completing your CFA because a combination of CFA and C.A can give you more insight in the corporate world.
The course structure in C.A is varied and covers subjects like accountancy, taxation, costing and law.
Also after completing CFA in India, a lot of avenues open in terms of job prospects. 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.
CFA covers subjects such as Fixed Income Securities, Equity, Portfolio Management, Derivatives, Professional Ethics and Case Studies, Financial Management, Financial Markets, Mutual and other Funds, Financial Statement Analysis, Financial Accounting and Economics in depth.
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.
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.
ALL ABOUT CFA - ASWINI BAJAJ