Chartered Accountancy (CA) and the Chartered Financial Analyst Program (CFA) are one of the most preferred career options for aspirants. The CA is most in-demand course in India whereas the CFA program has its popularity across the globe as a most sought-after professional qualification. Opt for CFA after being qualified as CA is a better option for the aspirants as the CA+CFA is considered as the deadliest combination in the field of finance.
Here are a few important benefits, CA will avail by doing CFA
About CA and CFA Professional Courses:
The Institute of Chartered Accountants of India (ICAI) regulates the profession of Chartered Accountancy in India while the US-based CFA institute is responsible for offering the CFA program. However, the classification of both professional qualifications has three different levels. While the area of working for the CA professional accounts for accounting, taxation, law and audit. The CFA program, on the other hand, deals with investment, finance, wealth management, portfolio analysis, stock market, etc.
The CA+CFA combination offers new opportunities in finance
The candidates who have completed CA and wish for building a career in finance at the global front can opt for the Chartered Financial Analyst Program program (CFA). Pursuing CFA after CA opens new pathways for CA candidates in the field of finance with knowledge of different aspects such as investment, banking, wealth management and planning, portfolio management, corporate finance, credit research, etc.
CAs can easily clear CFA Level I
Those who have completed CA can easily clear the Level I of the CFA program. It can be considered as another advantage of doing CFA after CA. And the reason behind is the majority of the CA syllabus is almost similar to that of the CFA level 1 exam.
Major chances of getting hired into global firms
Majority of Chartered Accountants are heading towards to opt for the CFA program as there is high demand for financial analyst professionals into the global firms.
Along with this, the companies which seek for experts with deeper knowledge in the financial domain also hire the CAs with CFA professional qualification. The CA+CFA holders are considered as the best combination of skills for financial professionals.
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CA+ CFA Increases CA Aspirants Value
The candidate who has both the CA & CFA professional qualifications will be an expert in the finance sector and recognized globally as well.
The candidates who pursue both these programs not only benefited from the sound financial understanding but also get good analytical skills along with their application. The candidate with such qualifications has more value than others.Pursuing CFA program after CA ensures better salary
A fresher CA can earn a salary of up to INR 6 lakh in a year. While after completing the CFA level I, an aspirant becomes able to earn a salary ranging INR 4.5-5.5 lakh.
However, the completion of the CFA program including all three levels makes an aspirant liable to earn a salary of INR 6-15 lakh. So pursuing a CFA program after CA ensures a heftier amount of salary to the candidates.