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Is CFA better than an MBA?

After the comparison of CFA vs MBA, the only person who can answer this question for yourself is YOU. While an MBA teaches you to run a business, managing money, people, products, services, in a CFA you study about money in-depth and there is hardly any study of management. But, you first need to understand your interests to decide between the two options.<br><br>Know more : https://www.cheggindia.com/career-guidance/cfa-vs-mba-which-is-better-for-a-finance-career/<br>

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Is CFA better than an MBA?

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  1. Confused between MBA in finance and CFA? Let’s compare CFA vs MBA www.cheggindia.com

  2. Introduction To compare the two most renowned courses in India, we need to start with having a basic understanding of the two terms, MBA in finance and CFA. MBA in finance is a master’s in business administration in a specialized field of Finance. It is the study of management, collection, control, and investment of money. The Chartered Financial Analyst (CFA) is a post- graduate professional qualification. It includes the study of money in-depth and is offered to investment or finance graduates.

  3. Today's Discussion MBA CFA

  4. Eligibility and Skills Required Chartered Financial Analyst (CFA): Bachelor’s degree (or equivalent) in any stream. Minimum 4 years of work experience in finance/investment related fields Master of Business Administration (MBA): Bachelor’s degree in any stream from any recognized university. Minimum 50% marks in graduation degree.

  5. Offering Institutions CFA: CFA is not considered a post-graduate degree. But the level of education in the CFA program is equal to a master’s degree (recognized by United Kingdom NARIC). In other words, it is more of a qualified course, not an academic degree. The AIMR offers the CFA program globally. It is an American based CFA institute for investment and financial experts. MBA F: Almost every college in India offers an MBA in Finance. Some famous institutes are the IIMs, FMS New Delhi, XLRI, and ISB.

  6. Admission process Chartered Financial Analyst (CFA): CFA admission process is a very simple process. Eligible candidates have to register on the official website of ICFAI or CFA Institute. Students need to register for the Level I exam before September and the exam is conducted in December. Master of Business Administration (MBA): To take admission in MBA finance, you first need to clear entrance exams of respective colleges. Some exams are CAT, XAT, SNAP, MAT, CMAT, NMAT, etc which are conducted from November to January. After securing a minimum percentile, candidates are called for GD/PI rounds. Some colleges also conduct tests like WAT, Team activity, and case study discussions.

  7. Core Subjects Chartered Financial Analyst (CFA): Financial Reporting Analysis. Ethics in Investment Portfolio Management. Asset Management. Financial Strategy. Master of Business Administration (MBA): Advance Marketing. Financial Planning. Hedge Fund Management. Securities Analysis Global Finance.

  8. Exam Format Chartered Financial Analyst (CFA): Master of Business Administration (MBA): For CFA, students need to clear three levels. All these exams are conducted in two sessions, morning and afternoon. The main exam that is conducted for admission in MBA colleges in India is CAT. It is a 3-hour online exam which is conducted in November. CAT consists of three sections, i.e, Level 1: There are a total of 240 multiple-choice questions. There are 120 questions in each of the morning and afternoon sessions and each session is for 3 hours. The passing rate is 43%. Verbal Ability a Reading Comprehension (VARC), Logical Reasoning and Data Interpretation (LRDI), and Level 2: There are a total of 10-15 vignettes supporting 120 multiple-choice questions. 10-15 vignettes supporting 60 questions in morning and afternoon sessions each and ach session is for 3 hours. The passing rate is 45%. Quantitative Ability (QA). Candidates need to clear the sectional as well as an overall cutoff to get admission in MBA colleges. Level 3: 8-14 vignettes supporting constructed response questions in the morning session. Also, 10-15 vignettes supporting 60 multiple choice questions in afternoon sessions. Each session is for 3 hours. The passing rate is 56%.

  9. Money investment Chartered Financial Analyst (CFA): When you register for the first time, there is a fixed one time registration required for enrollment in CFA. The fees cost you around USD 450 ( approximately Rs 30,000). Further costs for registration in Level 1,2,3 depends on when you decide to register like early registration fees are USD 700. While standard registration fees are USD 1000, the late registration fees are USD 1450. Master of Business Administration (MBA): MBA in India highly depends on the colleges you wish to pursue your MBA in. It can be as low as INR 20,000-25,000 (FMS, New Delhi) and as high as INR 25,00,000 (Old IIMs). Almost all the top 30 MBA colleges in India costs more than INR 17,00,000.

  10. Time Investment Difficulty level Chartered Financial Analyst (CFA): Chartered Financial Analyst (CFA): On average, people take 3-4 years to complete all the levels for CFA although 2 years are enough to complete it. It completely depends on your speed and hours of study. Every level takes approximately 6 months of preparation to clear. Students have to study for more than 300 hours. Also, the difficulty level is very high and keeps on increasing as you pass the subsequent levels. Master of Business Administration (MBA): Master of Business Administration (MBA): It is a 2 years course. Students with work experience may also opt for a 1-year executive MBA. The trouble level of MBA is low when compared to CFA but it is a hectic program. In many colleges, there is a 100% attendance rule. Moreover, there are corporate visits, seminars, case studies, presentations, and a lot of leisure activities.

  11. Job Prospects Chartered Financial Analyst (CFA): Master of Business Administration (MBA): CFA scope in India is very high. The more levels you clear, the better the job you can get. Job profiles offered after CFA are Job prospects after MBA in Finance: Accounting Manager Cash Managers Manager Consultants Credit Managers & Specialists Corporate Controllers Finance Officers & Treasurers Insurance & Risk Managers Investment Bankers Equity Research Analyst. Financial Analyst. Credit Analyst. Senior Financial Analyst Equity Research Associate Corporate Financial Analyst Accountant or Auditor Consultant Credit Analyst

  12. Average Salary CFA vs MBA Salary is almost similar. CFA: The CFA program can provide handsome salaries. The highest salary can go up to Rs 40,00,000 after completing every level. However, the average salary of CFA in India is around Rs 6,50,000. MBA F: MBA in Finance from a reputed college provides high salaries. The average salary for freshers is around Rs 6,50,000 which can go up to Rs 50,00,000 for people with work experience.

  13. Is CFA better than an MBA? After the comparison of CFA vs MBA, the only person who can answer this question for yourself is YOU. While an MBA teaches you to run a business, managing money, people, products, services, in a CFA you study about money in-depth and there is hardly any study of management. But, you first need to understand your interests to decide between the two options. However, MBAs are better if we consider the growth factor. MBAs are adaptive in nature. Moreover, they can work in different categories other than their specialization. Therefore, in the beginning, the salary of an MBA is greater than CFA. However, CFA is a very specialized field.

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