Even from top universities people are going for CFA…Why it is now becoming a mandatory for MBA’s also? Is it like MBA / PG finace colleges / universities don’t take finance topics in depth? If that is so then MBA part time / Executive program must be targeted along with CFA.
Is MBA Full time or regular a dying qualification?
Dying qualification? I don’t think so.
Is the Bachelor’s a dying qualification? I think so.
CFA takes more finance topics in debt over the MBA, which is why some employers see CFA’s as more credible.
From an investment career standpoint, I would say the CFA would be more beneficial.
I am talking in context of CFA vs MBA finance…CFA leads…I believe its stands equal to most of the top rated universities providing MBA in Finance…
Top 10 US MBA > CFA. What do you mean when you say top rated university providing MBA in finace? Also, what is a PG finance college? is there a PG-13 finance college?
PG = Postgraduate?
Yes…PG = Post Graduation - Diploma / Program
Yes, CFA in terms of quality beats MBA. But you can’t forget the point here that if you are in top MBA program, you basically get a job through alumni network. But CFA? No, you are on your own. And it is utter waste of money and time if you come from other background and don’t have network at all. So study and learn top notch finance material but then what? Top MBA guy will take the job.
no other analysts at my fund has cfa. however we have yale and columbia grads who went to the usual route of IB then to HF. Don’t need cfa for these folks. They learned the basics and the know hows on the job from seniors and from experience.
Now the PM went to mediorcre ugrad but spectacular MBA. after mba he got into high finance. No need for cfa for him either. Learning about t-test method (from level 2) or brushing up on Dupont ROE (level 2) was not going to help him get the PM position. He got his initial FO position from the help of his MBA and got to the PM position through semi-hard work, and getting along well with the right people and being lucky in the market from time to time.
But this is HF not asset mgmt or mutual funds etc…
red bull is the energy. im a freak
Subtle answer to a not so intriguing qs. Time and again I myself am riddled with this qs. Why CFA? To each his own, to me it has been the knowledge base and that is it. I have not known anybody who had got a ticket to the top notch dream job because he worked his ass off for 4-5 years to pass the exam and earn the charter. May be it teaches too much and it is too much practical oriented which appear “obscure” to the non CFAs. But people who have done their MBA from better known B-Schools and their CFAs as well would surely understand that it is naive to compare a CFA with an MBA. You don’t get to party every weekend and hang around with buddies… and yet are assured of a decent placement after like that of an MBA. You study and study your ass off, whatever time you get… that is CFA. The rest of it, the institute must think of creating dedicated placement cell at every society of its. Else, the ROI is lowest in the world as far as those countless hours and 5 years of study go.
I’m a little surprised by the judgment that CFA beats MBAs for finance. Maybe if you go to a lower tier B-school or if you do just the core curriculum finance classes. If you take upper level finance, economics, or accounting classes in a credible MBA program, they will go waaaaaay beyond the CFA curriculum.
If you take (for example) a marketing focus in your MBA and don’t go beyond your first year core courses in the areas the CFA focuses on, then maybe you have a point. But, why the heck would you do that if you wanted to go into finance?
Funny coming from a L1 candidate.
but i agree with him.
I agree to your point of view.
Ramos!
[quote=“IsThereAny”]
Thanks for that… Pretty classy.
Though, I should note that it’s coming from a L1 Candidate with a finance MBA from a top ten B-School, a JD from a top five, and 10 years on the legal side of the industry.
with all that schooling and degrees and experience, you are still going for CFA? You must be in late 30s by now. CFA will help you at this point in your career with 10 years of experi, top10 mba and top5 JD??
Early 40’s actually (ugh). I’m not really taking the test for the credential (though it doesn’t hurt); I’m taking it to refresh on material that I handled over 10 years ago and to evidence my dedication to the career right-turn.
what do you do now? I would have to guess pretty high up in the pyramid with your educational attainment.
Attorney at a F/I.