are ICWAI, CA and CFA comparable? they are focused on different areas.
yes they should not be compared.
But some one in this thread mentioned that since pass rates of CA is lower than CFA ā¦so CA>CFAā¦going by this rule
ICWAI>CA>cfa
*ICWAI=CMA of India.
waste of time comparing these different designations.
First of all this entire conversation is stupid. What is better? Oranges or Apples? Each have their own strenghts.
@rohitgoyani-- no things like this donāt happen. THe president of ICAI failed twice. I donāt think the papers are leaked, not in the grey market, not in the black market.
@rahulroy- I donāt see why you would hate on CA. I feel its the best degree that one can have in finance back in India. No degree CS, CWA has the same scope or marketability in India. No one really cares about CFA, CMA etc if you have a CA. All the CFO/ Finance VP etc are all CAs. Without a CA (except a top B school MBA), it is very difficult to get into finance. So Rahul, by calling CA shit, I feel you are forgetting an important article ātheā. Mr Rahul, CA is the shit.
So donāt hate on something you arenāt and will never be. Oh, and please donāt say you donāt want to be one, this is a very stupid arguement. Never hate on something that is way out of your league unless you are above the league. Which you clearly arent.
First of all i never said that CA is not useful in Indian context.CA is the best designation (not degree) that India has in the field of accounts and finance.
Now a little bit of my background.I am 23+ (FRM both levels passed ,CFA level 1 passed ā¦hopefully will pass L2,ACCA part qualified,In my final semesters of TOP 10 MBA from India).
2009-2012-Completed my BBA (cleared 7 papers of ACCA)
2012-2014-In the process of finishing my MBA (Cleared FRM both levels in November 2012 and cleared CFAL1 in december 2013 with >70 in all 10 sections)
Just for record i will join a global financial firm with in few monthsā¦My salary??15lakh per annumā¦Even CA topper are not getting any where close to thisā¦Few weeks ago i was not sure about the demand of CFA/FRM in India so i even privately messaged guys like vickycool on AF to understand about the demand of CFA in Indiaā¦I must admit it now that i got my job because i had FRM/CFA l1 cleared along with my MBA/Pgdmā¦ACCA did not helped much.I am not from IIMs but my college is always in top 10 ranked MBA colleges of India.(I think now you can guess the name of my college.)
It is a general trend in top MBA colleges to clear your CFAL1 as soon as you start your MBA so that you can get good internshipā¦I cleared FRM before my internships (for a change) and i donāt regret it at all as i got internship in a very good firm with decent stipendsā¦to be accurate i got Rs.20,000 per month as stipends(comparable to salaries of CA passouts.)
It helps during final placements if you have cleared CFAL2 OR FRM.
Why would i love to do Indian CA?My friends are quiting their jobs to do CFA.Some of them are working as accountants in my dadās firm for Rs.15000 a month.
Look idiot i know more Indian CAs than you ever will.I have seen them struggle all their lives.How many CAās have self owned homes /cars in India??
I have seen Indian CAs failing CFA/FRM levels in front of me.Just like i said earlier Indian CA is good if you want to work in India but US CFA is global far more prestigious than Indian CA.
Just do a google search and you will find guys from Top MBA colleges,IITs doing CFA.I think you must be having linkedin accountā¦So please check the profiles of people with CFA/FRM and compare it with profiles of people with Indian CAā¦you will get your answer.
Lastly,I never wanted to be an accountant so why should i do Indian CA???There are tons of CAs in India any ways.But we have only few CFA charter holders.I live in Kolkata but i have only seen 1 CFA qualified person in Kolkataā¦On the other hand i have 10 CAs working under my dadā¦Even i have few of my classmates who are CAs and guess what i score more marks than them in every semester 
What ever facts i have told about Indian CA is 100% truth.I donāt want to be assocaited with a body that is full of corruption.CA final papers are checked by teen agersā¦LOL what a jokeā¦I have seen teenagers grading CA final papers with my naked eyesā¦
Who are you to decide the āleagueā??You mean to say US CFA is not in the league of Indian CA??How did you come to this conclusion ??You are an idiot as simple as thatā¦
Generally i donāt pass such comments but since you are an idiot i willā¦" donāt say that you donot want to be a CFA/FRM/ACCA/MBA holderā¦because you never will be ā¦ "
*I never wanted to be rude to you.You attacked me personally so i just reacted accordingly.
@rahul- I donāt really want to get in a slug fest with you, so I will rest my case. Which college are you from? IIPM?
@igor- the sarcasm is well taken, but it was a reference to hating on other professions and spreading lies.
I agree
@sidtoaf:I told top 10 collegeā¦I never thought IIPM is in top 10ā¦Listen it is nice that you have done CA which is a great alternative to a ādecentā undergraduate.CFA is QCF level 7 masters.Any ways i have no problem with guys like youā¦but please donāt judge some oneās āleagueā when you donāt know their backgroundā¦
I am not at all spreading lies.I am not saying that CA papers are sold in black market.What ever i have seen i have saidā¦I have seen people giving thier 18 yr old sons the responsiblity of grading CA final papers.Let me tell you one more ā¦CA institute gives every grader ādocuments containing the correct answerāā¦Thus the job of the grader is reduced as they just have to match the candidates answer to the answers provided by CA instituteā¦Most of the graders i know either ask their wives or children to do this for them.Since CA has āpart markingā i doubt how the wives/kids allocates marks to semi solved questions.
Mistakes in CA paper are common it is not a lieā¦the example of t bill i took above is 100% correct.
This kind of phenomenon is common in most Indian exams.In class 9th i have checked the 12 th standard papers of my state board examinationā¦WHY??because my corrupt tutor forced me to grade them.Indian state boards (not cbse/isc) gives only rs.2-rs.3 to grade per paper.
Even CA institute does not have in build CA paper grading system.They hire freelance past CA members to grade CA papers.
I have nothing against Indian CAā¦I am just against corruption in Indian education systemā¦
IIT entrance exams/CAT are perhaps two of the best monitored exams in India.
I agree too.CA is better than some of the garbage B schools we have.
lol
lol
guys, donāt start the hatred towards CA Vs CFA thing again, we had enough of it already, @sidtoaf , the entire AF knows by now RRās unnecessary hatred towards CA
for your reference: http://www.analystforum.com/forums/cfa-forums/cfa-general-discussion/91330488
Thread of the year!!
have fun reading it
I donāt hate Indian CA.I just hate the corruption in Indian CA.
cleverā¦you are not in my āleagueā 
At most i will be a CFA/FRM/ACCA/MBA holder onlyā¦I will never ever be the globally respected/globally demanded/corruption free/highly intellectual Indian CA.
^ This guy is obsessed with AF. I hope he seek some help. 
I am obsessed with CFA/FRM and as result obsessed with a forum dedicated to CFA/FRM holders.Today every mobile phone has internet so it takes few seconds to read or post a comment.
Hope you pass CFA some day or atleast L1.
^ Hope u get some sense some dayā¦well i am not optimistic about it ā¦but who knowsā¦
You donāt need to worry about meā¦Worry about CFAL1 ā¦I am not paying you to worry about me and it is not your jobā¦