CFA VS CA
What is the Chartered Financial Analyst (CFA) charter?
The CFA Program focuses on Investment Management. The top employers of charterholders include the most respected financial corporations in the world, e.g., JPMorgan, Citigroup, Bank of America, Credit Suisse, Deutsche Bank, HSBC, UBS, and Wells Fargo, to name a few.
Many of these are Top investment banks , but the CFA Program focuses on the knowledge and skills most relevant to the global investment management profession from the standpoint of a practitioner.
Investment professionals who hold the CFA designation (or CFA charter) meet rigorous educational, work experience, and ethical conduct requirements.
Only those who complete three graduate-level examinations, four years of work experience, and annual membership renewal (including an ethics and code of professional conduct attestation) are permitted to use the CFA designation. Complementary codes and standards (such as the Global Investment Performance Standards and Asset Manager Code) help enhance this professional distinction.
What is Chartered Accountant (CA)?
CA is an internationally recognized profession and a chartered accountant can work in all fields of businesses and finance for example taxation, auditing, and general management. CA’s can be employed by government bodies, public and private sector companies as well. In-short skilled CA’s are always in demand in all industries. The candidates have to qualify through different levels of examinations along with vigorous process of training to become a qualified CA.
A CA can manage financial accounts for an organization, be a tax accountant, management accountant, be a budget analyst and of course the most interesting an auditor. The international recognition of this degree gives you the ability of even working abroad under this qualification. To remain professionally competitive the chartered accountants institute encourages members to undertake a minimum level of continuing professional development.
CFA vs CA exam Requirements
Why pursue the CFA designation?
The differentiating benefits of earning the CFA designation include:
The sheer demand for the CFA charter speaks to the difference it makes.
More than 160,000 CFA exam registrations were processed for the June 2015 exams (35% in the Americas, 22% in Europe, Middle East, and Africa, and 43% in Asia Pacific)
Why pursue CA?
CA gives you the flexibility of working in all the industries as an auditor, accountant and also a budget analyst. CAs can offer their services in the capital market as well. CAs can set up their own practice and also develop their own clients; they can also work in a CA firm or they can also join companies that can be government, private and public sectors. CA can be practiced internationally. CAs are in demand in the manufacturing and the finance industry. They do not necessarily need to work on excel sheets, calculations, numbers and number crunching, they can also work as auditors and work on increasing the company’s profitability. CA is also a very good and settled career option for women these days.