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CFA Vs FRM: Top Guide for the Best Course

Avadhut
|
Updated on: March 28, 2020

Pursuing the right education to enter the right path is instrumental for long-term success.

Often, students are misguided due to a lack of authority and credible information.

People seeking the best guide in finance often find themselves confused between two courses: CFA Vs FRM?

CFA Vs FRM

CFA Vs FRM

#1. CFA: Chartered Financial Analyst

#2. FRM: Financial Risk Manager

(Wiki links for general study)

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Each course has its benefits and is suitable for a certain career path. This article is designed to help people like you choose the best finance education option. We will discuss these two certifications in detail.

#1. Chartered Financial Analyst (CFA)

CFA is a specialized course offered by The CFA Institute to train graduates in specific finance fields. It is an advanced course pursued after graduation, enabling the learner to acquire niche financial knowledge.

Armed with CFA, one can work in portfolio management and equity research, two areas where the MBA degree does not help much.

Role of CFA in the Finance Industry

Someone already working in the finance segment or looking to switch over to a specialized finance segment can opt for the CFA charter.

The CFA charter helps in areas like financial strategy, corporate finance, research analysis, and asset management roles like private banking, financial advising, relationship management, and portfolio management.

The CFA charter is globally recognized. In other words, it is transferable within the market.

If you plan to move countries, the CFA charter will still be relevant! Check out this page detailing roles held by CFA charterholders globally. Once you clear the exam, you too become a part of this elite group.

Clearing the CFA exam is tough, really tough.

The course structure is extensively intensive, meaning the candidate learns the finance segment thoroughly. Lastly, various research studies show that CFA charterholders are paid higher on average.

Pros and Cons

They are:

PROS

  • Gaining specialized knowledge extremely useful in finance.
  • The Financial Analyst role is a high-pay job
  • No need to leave a full-time job to study CFA.
  • Necessary for equity research, corporate finance, portfolio management, and certain hedge funds. All these options are high in demand; thus, a lot of career growth potential.

CONS

  • An intense exam system necessitating at least 1000 hours of study to clear all the three levels.
  • CFA has no value outside finance. People interested in private equity, bulge bracket investment bank or venture capital will find CFA to be of little help.
  • No access to recruiters or networking unless you have attended the exam and joined CFA society.

CFA Course Requirements

A highly valued and respected designation in finance, the CFA course can’t be taken lightly. Certain norms and conditions are attached. A Bachelor’s degree is the first step and four-years of professional experience in finance are mandatory.

The CFA exam is a three-step process: Level 1, Level 2 and Level 3.

The exams happen around the world on the first Saturday of June, except for the Level 1 exam which also happens in December. Candidates have to pass all the levels sequentially and the medium of instruction is English.

The Level 1 exam tests professional and ethical standards with questions about investment tools, financial concepts and comprehension, and some questions require the use of analytical skills too.

The Level 2 exam tests the application of analytical concepts and standards in certain situations. As such, the questions are about assets valuing necessitating complex analytical skills.

The Level 3 exam tests applicability and compliance with standards in portfolio management. The questions synthesize learned concepts and check applicability in wealth planning and portfolio management.

The first two levels have multiple choice questions and the last one is mostly essay-based. Each level is a 6-hour exam.

#2. Financial Risk Manager (FRM)

The Global Association of Risk Professionals (GARP) offers an international professional certification called, Financial Risk Manager (FRM).

A person with FRM certification specializes in financial risk management in global and domestic scenarios.

The FRM certification program follows the four major strategic disciplines of risk management, which are credit risk, operational risk, investment management, and market risk.

Role of FRM in the Finance Industry

The FRM certification targets a niche and in-demand segment, risk management.

It is internationally recognized where the job of the FRM professional is to manage market and non-market related financial risks. It gives knowledge about credit risk, investment risk, operational risk, market risk, and quantitative analysis.

The FRM certified professional can work as a financial risk consultant, advisor, risk manager, credit manager, asset and liability manager and risk control manager. The FRM gives credibility to the person and his/her skills to handle risk management situations.

The field of risk management is desirable and contains a lot of growth potential because firms and companies are focusing on the development of stronger and effective risk measures.

Few Pros and Cons

They are:

PROS

  • The FRM demonstrates the high-value skill set in a niche segment.
  • Ability to display risk management skills to employers.
  • Access to the elite group of risk management professionals around the world.
  • Better salary than other finance professionals.

CONS

  • 2-year mandatory work experience requirement for FRM Certification.
  • Difficulty level higher than PRM and CFA exams.

FRM Course Requirements

A graduate degree and 2-years of work experience is the minimum requirement to attempt FRM certification.

The purpose of the FRM certification exam is to assess the ability of the candidate to measure and manage risks in a real-world scenario.

The exam happens twice a year, specifically on the third Saturday of November and May.

Each exam is of 4-hour duration and it consists of two parts.

Paper 1 contains questions about the core concepts of risk management such as financial market and products, valuation and risk models, quantitative analysis and risk management foundations.

Part 2 contains questions about measurement, implementation, and management of risk management principles in a practical fashion.

Weight is given to market risk measurement and management, credit risk measurement and management, risk management and investment management, operational and integrated risk management and current issues in financial markets.

Endnote

Both the certifications - CFA and FRM – offer different career paths in the finance industry.

Be clear about why and in what position you want to join the finance industry, and your long-term goals. Based on this vision, decide whether FRM or CFA will fulfill your goals.

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AvadhutVicky KapadiaAbdul SaleemSuyog PatilAkash Jindal Recent comment authors
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Abdul Saleem
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Abdul Saleem

Hi Avadhut,

Nice write-up, still I'm not pretty sure on selecting CFA vs FRM. Currently I'm working as Credit Controller from last 7 years with no change in role and looking forward for a level upgrade and thought of enhancing my skills. My question is CFA or FRM relevant to my field or acceptable to apply for next level roles. Thank you in advance

Suyog Patil
Guest
Suyog Patil

Dear Sir,
Currently I am working in Bank of Baroda since 5 years. Now I am looking for career in FRM, kindly guide me the opportunities after passing FRM.

Akash Jindal
Guest
Akash Jindal

Sir,

I am as student of B.com 2nd Semester and had not taken any hons. i.e, i am doing a general b.com from recognised university. Am i eligible for FRM?

Else, i need to be a graduate?

absar
Guest
absar

hey, I'm a qualified ACCA and have 1.5 years experience with Bank sector finance department and 2.5 years audit firm. now i'm thinking to switch towards Risk and management. what would you suggest me i made my mind for FRM and with that I was planning to switch the field too.. help me out with this .. i'm very confuse ..

Vicky Kapadia
Guest
Vicky Kapadia

Hello,
My younger brother wants to make a career in equity markets where he can do research,analyse charts,etc.Which course is more beneficial from him as we are currently planning ths FRM course for him?

srikar
Guest
srikar

hello sir, i am currently pursuing m.com and i want to settle in finance background. Is frm helps ? Or if any other please suggest me.
Thanking You,

Abhishek
Guest
Abhishek

Hi,

It is around 10 yrs of experience in BPO (F&A domain), please advise if i go for FRM my experience of 10 yrs will be counted or not.

Regards

ANOOSHA VIJAYA
Guest
ANOOSHA VIJAYA

Is FRM only Suufficient or MBA+FRM is good Combination

Shweta Khandelwal
Guest
Shweta Khandelwal

Hello,
I am a B.Com graduate passed in 2016 with 1.3 yrs of work experience. Should I opt for FRM or Msc in Finance and Accounting from UK or Msc. in Investment Management again from UK

Mayank
Guest
Mayank

Dear sir,
I am an engineering graduate and just after my degree I joined a public sector bank as a PO, after working for 3 yrs in different branches . Last August i got posting in treasury division and handling RTGS payment gateway . I am confused should I opt for mba / frm /cfa. As per my research most of the jobs available in the finance ask for an MBA , in my current posting maximum I can learn is nostro / Vostro mayb some back office operations.
What should I do to give my career a boost and right path .

Rajat Rathi
Guest
Rajat Rathi

Hi,
I am an engineer, working as software developer for last 4 years including last 1 year in trade finance domain.
Now i want to change my profile towards financial (non-tech) field without break from job. What will be suitable study program/certification for me

Thanks in advance

Naini
Guest
Naini

Sir, after my graduation of B.com in 2018,
can I pursue CFA course?
Do I have to have a 4 year work experience?

SHREY
Guest
SHREY

i am working in GOVT sector and have MBA in finance will my job in govt. sector will count as a work experience for CFA

Rick
Guest
Rick

Hello I have my Bachelors and masters in Accounting. I currently work as an accounting analyst for an international medical company. I have learned through out my experience that I prefer the financial aspect of business rather than the accounting side. This is why I have not pursued the CPA. In order to open my possibilities I am considering the FRM certification because of the growing business need for this type of work. I have always enjoyed the financial area of business. Wondering if the FRM or MBA would be a better fit for me. I am in the impression that the FRM along with a masters in accounting will open up a lot more doors in my career. Any thoughts?

Ravi Ragothaman
Guest
Ravi Ragothaman

Hi

I am in fund accounting and investor servicing of Alternative Investment Funds (Operations). I am an Engineer and MBA in finance. I am 50+. I would like to take up some course for further career growth. Can you suggest which cosurse would suit for me.

Regards
Ravi

Bhagyashree
Guest
Bhagyashree

Hello Sir,
I have done MBA finance and am currently working with PSU bank since 3 years. Before that I was working with a Broking firm for 2 years.
So if I want to continue with PSU bank or banking industry per say then would FRM be a better option.
I was also thinking of side by side courses of Treasury or risk management. So would FRM be a better option for a career in Banking industry to be specific..

Please guide me on the same.
Regards
Bhagyashree

Anna
Guest
Anna

Hello Sir,

There's a mistake in the article related to FRM. You don't need 2 year experience to attempt the exam, but you do need to submit your 2-year experience in 5 years after you sat and passed FRM Exam Part II to get the certificate.

Qurica Agarwal
Guest
Qurica Agarwal

Hi,

I am a CA and CS.I am a CA Rank Holder.I am a graduate in B.com(h) from Shri Ram College of Commerce Delhi.I am currently working with Bharat Petroleum in Audit & Analytics profile.

There are chances of me moving abroad after marriage.I want to do some course which might help me getting job abroad.

I don't want to leave job for doing MBA.I want to do a course which increases the probability of getting job abroad.And where in abroad I ll go, is not yet known.

Please guide me whether should I do CFA or FRM.I ll be getting married next year,so it will be really challenging for me to take Exam,but once I decide about the course I ll manage.

Mahmood El Khatib
Guest
Mahmood El Khatib

Hello sir,

I am a 20 years old Finance Bachelor fresh graduate with zero experience in finance working field. I am planning to continue my studies, learn as much as I can and earn as many certificates as I can, as I am still so young. I see myself more in Risk Management and I love the field. I was so excited to do the FRM exam until I read in your article that I can't take it because I have no experience. What do you think I should do now? Should I study MBA, Masters of Finance or CFA until I get the working experience required for the FRM? It is so hard to get a job with only the bachelor degree here in Dubai.

Thank you for your amazing article.

Preeti
Guest
Preeti

Hi I'm 2 years experienced in assurance at Ernest and young for US-FS Asset management will my experience be considered for FRM?

PAVAN KISHORE S
Guest
PAVAN KISHORE S

HELLO,
i am a Banker working with a Nationalized Bank and right now i am Scale 2 Manager. could you please suggest me good certifications so that i will have a good carrier progression.

karthick
Guest
karthick

Dear sir,

I am Karthick Raja .I did MBA in Finance 3 yr experience in Finance and. Audit but having low package of this .what course Wii I do to get high salary

Shandilya Naravarjula
Guest
Shandilya Naravarjula

Hi,

I have cleared my CA IPCC and completed the article ship. I am now currently pursuing MS Finance from BSchool in USA as I am interested in pursuing a career in Investment Banking. I have an experience of about a year in Project Financing. Can you please suggest me if FRM would help me, if not what should i must do?

Thanks!!

Pankti
Guest
Pankti

Hello sir, I have completed my CA course n I'm a fresher n nw planning to do job in risk management dept but yet I dint got the job so can I apply for frm course or cfa would be better and any experience will b needed for this course in any field or I would be able to apply it?

Prasanna
Guest
Prasanna

Hi
I am currently working in forex dept where I am handeling various type of import transaction whether this can be treated as experiance for FRM.I have 6 yrs of experiance in forex dept of nationalised bank

Megha Khanna
Guest
Megha Khanna

Hi Sir,

Indeed a distinguished article clearly highlighting the pros and cons of each of the course.

I am a Chartered accountant near to completing two years of work experience in an IT sector and I wish to take up FRM for my further studies and pursue my career in the area of risk management from here in onwards..I wish to know from you is it a good idea and my work experience can be counted as relevant two year work experience required for FRM ?

Jignesh
Guest
Jignesh

I am Finance Manager for one Industrial company with total years of experience of 12 years.
I have already spent 7 years with banking.
I am Graduate in B.Com..
Now looking for good position in terms of Finance head.

Please guide for FRM course in deep.

priya
Guest
priya

I have completed my MBA in finance from a normal collage and joined franklin Templeton as an executive and completed 1 year. I want to increase my knowledge in core finance, (derivatives , hedge funds, etfs........) An undefeatable knowledge which I could gain by study and experience. which could lead me a promising career. my first requirement would be knowledge than comes salary, can you please guide me which course is better CFA or FRM to take up.

Monika
Guest
Monika

Hello Sir!

I have recently completed my under graduate degree from distance education with accounts as major. I had a long gap between my 12th and graduation. During this gap i have been working full time. Now i have inclination towards starting my career in finance. However i am not able to comprehend as to where i should start.
Need some guidance from you.
I have started taking certification courses by NISM, will be appearing for 1st module.

Your suggestions will be helpful.
Thank you.

ABDUL AZIM SALMANI
Guest
ABDUL AZIM SALMANI

Hey, i have completed my graduation in bms (finance) ...right now m confused to go in which course in MBA or FRM...i dont have any work experiance... i want to make my career in finace...or if i am planning for both MBA and FRM... what should i do first MBA ot FRM ????

Abhishek agarwal
Guest
Abhishek agarwal

I am credit manager in mortgage verticle. I am not very much happy. I want to make my carrer in capital market. Should i join CFA. Colud it be possible for me to do with my job because it is really a very tough exam as i know.

Rohit
Guest
Rohit

Hi Avadhut,

I just want to ask you about the courses in Finance and accounts for which course should I opt other then CA, as I have did my MBA in Finance and 3 years Experience in Accounts Payable and US Property Tax. I want to grow more in this field in accounts and Finance please suggest me which course should I go for along with my Job, which will add more strength in my resume as well as in my monetary package

Akshay Prabhu
Guest
Akshay Prabhu

Hi Sir,
I Am Akshay Prabhu. I am a Chartered Accountant,currently working with a Housing Finance Company as a Risk Manager. This is my First Job. Can u Advise me as to which course I should go for:
MBA (Executive)(N.L.Dalmia)
CFA
FRM
I am currently getting offers from J.P Morgan Chase and Morgan Stanley Fund Services. Should i consider such opportunities. Please guide me on this.

Inderpreet Singh
Guest
Inderpreet Singh

Dear Sir,
I am a graduate currently working in a private bank as a deputy manager having total 3 years of experience. can you suggest me which is better for me among CFA and FRM.

Rajeev
Guest
Rajeev

I am now working in SBI in middle management grade , c 2 c approx rs. 20 lacs p.a. i have experience of 16 years in commercial banking, retail loans and branch management. Mostly I have worked in appraisal, assessment and maintainance of loans to mid corporates. Now I want to shift to private bank/ FI preferably in more specialised area to fetch higher position and salary. I have no specialised degree in finance ( a B pharma graduate). Pl suggest pursuing which degree CFA/ FRM or other aalong with job can enhance my prospect to get such job with reputed companies. What r the chances of getting such jobs in my profile.

Kruttika Surve
Guest
Kruttika Surve

Hi Avadhut,

I am MBA finance. I have 5+ years of experience, half of which in credit analysis in rating firm and half in credit appraisals of construction finance proposals.

Even currently i am working with NBFC as a credit manager doing credit appraisals of construction finance proposals and I am enjoying this profile as it provides me an opportunity to upgrade my knowledge in legal, technical and credit consistently.

However, please guide if FRM will be an added advantage to my career path and can it be done by continuing my job.

Thanks and regards,
Kruttika.

Yash
Guest
Yash

Hello Avadhut Sir,
I am a final year engineering student and wish to do both MBA (Finance) and CFA. What should be done initially?
Also, how do I start preparing for CFA since my background is in electronics engineering?

HARINDER
Guest
HARINDER

Hi Mr Avadhut,

I am a CPA AND HAVE DONE CERTIFICATION IN IFRS(ACCA).Suggest if it is wise to take CFA OR FRM,at this stage,to add to my skills. thks

Yash
Guest
Yash

Thanks for this insightful compilation on all the three courses, I am an ex-banker with 5 years of experience in Banking-F&A, my core job was to handle accounts payable, my educational background is MA-Economics, currently am planning to join the Banking Industry back after 4 years of break and am interested in Investment Banking, Portfolio Management and Financial Modelling, will a CFA Level 1 clearance help me to fetch a job, also is CFA suitable for me as compared to a MBA Finance (Distance)

Supriya
Guest
Supriya

Hi,m supriya ,masters in mechanical engineering and was a lecturer in India. Nw I wanna change my career into risk. Can I go for prm exam n enter into basic position in risk.kindly guide as I am in dilemma.

Shubh
Guest
Shubh

Hi Sir,

Very useful article.

How useful is FRM when combined with Chartered Institute of Management Accountants (CIMA, UK) ? I'm currently studying CIMA and want to pursue a career in management and finance. Should I opt for FRM or CFA?

niranjan
Guest
niranjan

the article is well compared . i am studying bcom last year . was interested in finance field i would like u to suggess me the best cource . my long term goal would be to get into the best investment firm ..... m doing my intern ship from a wealth management firm mainly dealing with mutual funds . i am super confused with cfa frm or prm i see all of them having the best growth in its own . i also plan to do my mba after finishing any of one cources (abroad ). plz help

niranjan
Guest
niranjan

and also i was told that risk management would be a better course to get into in investment bank or firm with better growth n opportunities long term . i personally see good and equal growth in both please help ........

Vikram Jain
Guest
Vikram Jain

Hi Avadhut,

I'm an IT professional with 9 years of Technology experience in Financial Services (AML and IDAM domains). Am a B.Tech graduate.

Few days back I started exploring knowledge programmes to equip myself to start handling my investments on my own or atleast be in a position to understand proposals made by my portfolio manager.

That's when I came across CFP and CFA. CFA, in particular, interests me because of my interest in Finance, my tendency to do in depth analysis for a given problem, for the reason that it is held in high regard and it gives an alternate and a very good career option.

I like Technology but it's highly motivating to start something fresh and I'm really looking fwd to take it up but have some tough questions to answer, maybe you can help with that.

1. I'll turn 30 soon, is it a good step considering age might be a factor ?
2. As one requires atleast 4 years of relevant experience to have the charter, what are my career options and prospects if I clear the 3 levels in say 3 or 4 years? Are there options that will allow a smooth transition from IT to Investment Banking through say part time consultancy and at the same time gives enough confidence to start afresh after more than a decade long career ?

Yuvi Gohil
Guest
Yuvi Gohil

Hello sir,

Very helpful article.
Sir, I have a query.. I completed MBA in Finance. Than got a job in solo propreator asset management firm as equity research analyst but because of salary constrain I leaved that job and got in Public sector bank as clerical. But I am interested to persue my career in investments. Now there is a hurdle in getting job in investment sector. And I want to start CFA but without experience I won't get charter. So is there any chance after completing level 1 get job in investment side? So get experience along persuing CFA. Because of clerical job most of the time they asked 'why' and I give actual reason and they might not be satisfied with that reason and I didn't get any job and had to continue in clerical job.. I am curious if CFA starting get me in that field. I know after CFA I get wast oportunity in that sector but before that is it any helpful? I got offer from stock trading side and I am not interested in trading I love to do analysis. But is trading experience count in CFA experience? Than I will go for that.. pls guide me through.. thanking you.

Himanshi
Guest
Himanshi

Hi Avadhut

I am a Physics graduate and an MBA (Marketing & Strategy), I have 8+ years experience in Business Development profile.

Lately, I feel that I am reaching stagnancy in my role / career. Have been thinking of switching my profile to Finance. Will FRM be a good option for me? As risk management profiles have great potential, I would like to develop my career in this field. Also, I would want to opt for a course which has global recognition.

Please suggest.

Thanks
Himanshi

Prachi .
Guest
Prachi .

Hiiii…. it’s very well written article…

I wanted to know which one will be good for my career growth. .

I have done masters in financial management in risk and insurance from BHU.From last 2 years I m working as Probationary Officer in nationalised bank. I want to build my career in speciallised banking. Please advice me which course should I opt,so that without dropping my current job I can pursue course.

AKASH JAIN
Guest
AKASH JAIN

Hello Avadhut,
I am an engineer and now I plan to join an MBA program with specialization in Finance because of the interest I have developed by following the stock market.
Seeing the long term career prospects I would like an additional certification.
I need guidance in choosing CFA or FRM or Any good certification you can guide. Which in one is better valued and appreciated by corporates .
Also since MBA (Finance) is similar to CFA , would that be of better utility than FRM or not?Please guide.

Anil H
Guest
Anil H

Hi Sir,

I have 7 years experience with MBA finance, mostly in Investment banks capital market reference data & funds portfolio accounting, currently working as business analyst in one of the service oriented companies and I don't like my current role as it is deviation from my last work, so decided to quit the job and take FRM level 1 in May 2016. I know FRM toughness , so I think with job clearing exam is quit challenging for me.

Do you suggest me should I quit job this time and clear FRM level 1 ? and do you think can I able to get a new job after that (before sitting for Leveal 2)

Note : I dont have specific exp in risk management

sagar
Guest
sagar

Great article sir.....

I have some queries regarding a finance career in a long run, i had recently completed my MBA in Finance and Marketing from 2 tier b-school and joined finance dept as a Finance trainee in IT based company and got promotion in 3 months and became Accounts executive now, i doing fine for now as per me but when i see my studies i feel whether is it enough for finance job in a long run or not because most of my colleges are either CA qualified or had experience under CA qualified but i dont have anything as such, so i feel i ll face problems in growth not now but in long run as a finance career......whether my thinking is right or MBA is sufficient to stay in finance job and have good career for long run as well ??please guide me that whether i need to do any further studies or MBA is fine ????

Durga prasad pattanaik
Guest
Durga prasad pattanaik

sir i have done MBA finance and i have 2.5 yrs of experience in retail banking ,so doing FRM will be right for me or not.

kaustubh saurkar
Guest
kaustubh saurkar

Hello Avadhut Sir,

since past two years i am working as assistant professor of Economics. I wish to advance my carrier in the field of finance. I have couple of questions regarding FRM exam for you
1) Are there any openings immediately after passing level 1 of FRM exam so that i can enter into the field and start getting experience.
2) Since i have a some background of finance and Maths will it be possible to clear level one by Self study.
I would be thank full to receive your valuable advice in this regard.
thank You!

Vamika
Guest
Vamika

Hi, I am a fresher. I have done BFIA ( bachelors in finance and investment analysis a ) in my UG from a private institute. I want to make my career in finance and before pursuing MBA, I want sufficient work experience in the finance field. But being a fresher, not a lot of companies hire us for such a profile.
I have seen most people who have taken this course have prior work experience or a post grad degree hence they will be well placed once they are through with this.
I want to know whether it would be beneficial for me or shall I pursue MSC in finance without work experience?

shishir
Guest
shishir

Hi Sir,
I am 26 years old and i have almost 5 years of experience in accounting designation in a Micro finance sector.
I really want to make a career in finance and i completed M.com.
I want to ask that if i take admission for FRM this is a correct decision for my career or not.

please help what is correct for my career.

Prasenjit Maji
Guest
Prasenjit Maji

I am having banking experience of 10 years in the field of credit appraisal. Whether FRM course will be helpful for me for getting job in international market.

Abhijeethake
Guest
Abhijeethake

Nice work sir,
I am an MBA Finance, last year student waiting for our placement season. Have cleared CFA level 1.
What kind of job profiles should I look for as a first job to help build a good career and will be best benefited from CFA knowledge?

KIRAN ALHAT
Guest
KIRAN ALHAT

HI Sir,

I have completed my MBA Finance. Now i am working in a company as Credit risk analyst for last 2 years . Actually i am interested to build my career in banking Sector in Credit Department.
I am confused whether I should take up CFA or FRM ?

Devangini
Guest
Devangini

Sir,

I am a Final CA candidate. I have an experience of around 1.4 years in audit and thereafter 4 months in a broking company. This experience is after passing Intermediate CA and articleship.

I plan to take up FRM for 2016. Will this experience be considered as a professional experience to become certified FRM?

Harmit Desai
Guest
Harmit Desai

Is CFA beneficial in corporate finance roles?

Avadhut
Guest
Avadhut

Yes.

Bhavana
Guest
Bhavana

Hi Avadhut,

Appreciate your idea to share knowledge and precise writing.

I am an MBA-finance from tier 2 B-school. Completed my 5 years of experience in IT sector as an MIS person. My profile was into financial number analysis, budgeting, cost management.

These days on reading articles about corporate valuations, restructuring, I wish to pursue my career in those companies and decided it to be my long term career plan.

Being an MBA finance with MIS experience of 5 yrs in IT filed, is it ok to shift my career and will CFA help me.

Avadhut
Guest
Avadhut

Hi Bhavna,

MBA finance is enough knowledge-wise. Join a program like this to acquire skills.

Harmit Desai
Guest
Harmit Desai

Sir,
I'm in sybcom. Should I start preparing for CFA or MBA finance?
I want a career in investments.

Avadhut
Guest
Avadhut

Hi Harmit,

Both are good. Please read the article once again to clear this doubt.

Harmit Desai
Guest
Harmit Desai

Will completion of all three levels of CFA without MBA get me a good job? I mean, without the CFA charter?

Avadhut
Guest
Avadhut

Harmit,

You need to acquire SKILLS mentioned on this page apart from MBA/ CFA.

siddharth
Guest
siddharth

Hello,
Can CFA be done after MBA in Finance?

Avadhut
Guest
Avadhut

Yes.

rajants
Guest
rajants

Thank u for your valuable opinion. I am a Credit research analyst in one of the top Global financial research firms. This is my first job. I have completed my MBA and got placed in campus. I am yet to decide if I have to pursue CFA/FRM for further studies. At time even CA gets into my portfolio of confusion since I am yet to foresee my best suited career option. Whats your advice.

Avadhut
Guest
Avadhut

Hi Rajants,

Please read the above article again. I wouldn't recommend CA with job.

Shahbaz
Guest
Shahbaz

Hiiii.... it's very well written article...

I wanted to know which one will be good for my career growth. .

I have an experience of a year as a equity dealer in a brokerage firm and now I am currently working as a fund administrator with a firm which operates/administrators foreign mutual funds.

I am confused whether I should take up CFA or FRM...

could you please help me out with this....

Thank you

Avadhut
Guest
Avadhut

Hi Shahbaz,

What's your long-term career goal?

Rahul
Guest
Rahul

Thanks for writing up such useful article, I am CA having 3 years of experience n working in Accounting dept. of one the Top IT company, I would like to know which of the above course will suit to me most as i have no experience in core finance such as equity research n portfolio.

Avadhut
Guest
Avadhut

Hi Rahul,

If your long-term career goal is equity research and portfolio management, then you should've skills and knowledge both. You can think of CFA for this. For core finance jobs, you need to have practical skills. For this purpose, I suggest you to join our 6-week program in Delhi.

rahul
Guest
rahul

Hello sir I want to enter into financial services.. I am doing bcom honors. .
I want to ask is doing CFA a good option for me to work in top business firms??

Avadhut
Guest
Avadhut

Hi Rahul,

What's your long-term career goal? Please be as specific as possible.

Ashutosh sharma
Guest
Ashutosh sharma

Hi sir
I have done PGP in finance and MBA in marketing
After that I was working in mutual fund sales for 2 years. Now from last 1 year I am working in US bank as analyst In security operation team(KPO).
Please tell me few things
1. Which is good for me CFA or FRM.
2.I have good offer from mutual fund sales should I change my role again even I am comfortable in operation and sales both.Please advise which sector is good in coming time and what should I do.

Avadhut
Guest
Avadhut

Hi Ashutosh,

1. Depends on your long-term career goal. Read this for CFA or FRM.

2. Please don't hop too often. It will have serious impact on your future opportunities. First, decide which role you love the most and stick to it.
Any sector is good, scope lies in YOU.

Jatin kumar dash
Guest
Jatin kumar dash

HI Sir,

Now i am in CA & CS Final. i am working in a company as well.Actually i am interested to build my carrier in Finance Sector after getting
qualified,but i am little confused what course will be helpful for my carrier.Shall i do CWM or FRM or CFP .Please suggest me regarding this. Thanks in advance.

Avadhut
Guest
Avadhut

Hi Jatin,

CA+CS is a very good combination. Now focus on acquiring core skills. Join our 6-week program in Delhi that will train you and give you a much-required break in core finance roles.

Deepak
Guest
Deepak

hi sir,
i am 24 years old and i have almost 3 years of experience in marketing and operations in a logistics firm
i really want to make a career in finance and i am also giving various mba entrances but only able to convert tier two colleges
i want to ask that if i take admission in a tier 2 college and do mba in finance and cfa together and crack atleast two levels before completion of my mba will i be able to get a good start after mba in finance field
please help

Avadhut
Guest
Avadhut

Hi Deepak,

MBA+ CFA is a good combination education-wise. However, you need to acquire practical skills too to perform a core finance job.

Deepak
Guest
Deepak

sir,
actually i wanna say some of the tier 2 b school charging in a range of 10 lakhs and above if i go in a decent b school and invest my money in cfa and your 6 week program in delhi will i be able to land a good job money wise despite not doing mba from the elite b schools and how should i prepare for cfa that i can clear the exam in one go
please guide

Avadhut
Guest
Avadhut

Hi Deepak,

We need to discuss this over phone. Please email me (avadhut@financewalk.com) your contact number. My associate will call you to clear all your queries.

Eeksha
Guest
Eeksha

hii sir
I had completed my PGDM in2010 in Finance and IT but for some personal reasons I couldnt do job. But now I want to and wish to get job matching my skills so please suggest me what should I do and is there any certificates which help me to hide such a long gap of qualification and I want to work as a financial analyst so for this is i m eligible or not.

Ankit
Guest
Ankit

Hi Sir,

Really nice article.

I am interested in wealth management and investment research because i feel these skills will help me in managing my own money as well.

So will CFA be a good call for me. Thinking to give it in june 2015.

I have done Bcom(H) and currently working in BPO as jr process associate.
My current role does not compliment my area of interest.

This is my first job Its been 8 months ive been working here.

Should i leave my job and prepare wholly and solely for CFA level 1???

But i do believe that if i manage to clear my exam along with my current job it would give a better impression on my resume.
Plus i will have financial support as well.

Please advice ??????

Also i completed my graduation in 2012 after that i lost 1.5 yrs in CA intermediate level.
Joined this co. in 2014.

Main reason why i want to do CFA is because it would at least keep me in job vs CA.
I am 23yr old and i think i don have much time for CA now

I did not enroll for the MBA thinking it would be waste if not done from good institute.

I know its a long post but it would be of great help if you could advice me on it.

Avadhut
Guest
Avadhut

Hi Ankit,

Your thinking is right 🙂 Prepare for CFA with your job. Switch to financial KPOs as soon as possible as it will add finance experience to your resume.

Read this KPO guide to prepare yourself for KPO jobs.

Please let me know if you've any queries.

Ankit
Guest
Ankit

Thanks a ton 🙂

Jus one more thing ive enrolled for financial modelling course as well

So should i switch to financial kpo based on
Financial modelling certification or should i
Wait till i clear my CFA level 1

Avadhut
Guest
Avadhut

Don't wait. Start applying.

Sharad
Guest
Sharad

Excellent write up on the three courses. Would be interesting to read how you stack Actuarial Sciences and Certified Actuarial Analyst courses against these three.

Avadhut
Guest
Avadhut

Hi Sharad,

Thanks for the kind words. Yes, will try to cover careers in Actuary very soon.

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