What is the scope of CFA USA? Is it better than CIMA?
If you are planning to stud your collars with an extraordinary degree in Finance, then you must know that CFA is there for you with open arms. The CFA (Chartered Financial Analyst) programme is a 4-year professional credential, covering the concepts of certain areas of finance like quantitative analysis, equities, investment management and what not. And mind it my friend, the CFA Institute located in the USA is the only one to provide you with this glorious degree internationally.
But aiming for CFA requires good preparation and no preparation is optimum these days without a proper training. This is because; the CFA exam is known for its difficulty level so much so that passing all of its levels without any halt in any of the levels is very difficult. Only 9-10% of the candidates can manage to do so.
A good training institute demonstrates and explains to you the benefits and future opportunities of any course. The importance of CFA USA is not very easy to understand until and unless someone takes the opportunity of explaining you all aspects and prospects of the course.
The best place to learn CFA is none but the CFA USA classroom training in Bangalore. CFA training in Bangalore is conducted in institutes like Success Edge and EduPristine. Going through the curriculum of the CFA programme it is not at all difficult for one to understand that the course comprises a wide range of subjects and concepts related to finance and commerce of course. Hence, as far as industries, banks, technology sectors and financial markets are concerned, CFA charter holders have no dearth of enhanced career opportunities across the globe. The world of stock exchange and all sorts of monetary transactions going on in the market require officials with good efficacy in all sorts of financial affairs. Be it a financial analyst or the entrepreneur of an independent financial analyst, an individual with a CFA degree is trusted worldwide.
CIMA or the Chartered Institute of Management Accountants is a body of the UK, which offers a course to the students of commerce post-graduation. Qualitatively, CFA and CIMA are two different entities. That of course doesn’t mean that they don’t share anything in common, but the basic domain of study differs– especially in terms of perspective, and emphasis on the subjects of each course. The primary difference that separates these two courses with a wide rift is that CFA is more genres specific. Once a student becomes a CFA charter holder, he or she has to stick to core Finance. On the contrary, if one studies CIMA, he or she gets a global recognition of having a good and updated overview of the entire world of business without being stuck to any particular genre. Thus, switching options are more in CIMA.
There is also a big difference in terms of the degree of toughness. While the average percentage of passing in CFA is 9-10%, considering passing in all three levels of the course consecutively, CIMA is a comparatively convenient option for the students with a passing rate of 70% annually.
Both the courses being equally good, you should choose your way with optimum analysis.
FREQUENTLY ASKED QUESTIONS:
Q 1:-What does a CFA actually do?
They are doing various different functions at a different level of management. Like a financial analyst in an investment bank could be preparing trading comps for a client interested in acquiring a company, equity analyst could be preparing an equity report for the traders.
Q 2:-How to Become a CFA Charter-holder?
Here are the four main steps you’ll need to follow to become CFA:-
Pass the CFA Program Exams
Complete Education and Work Experience Requirements
Become a Member of CFA Institute
Abide by the Code of Ethics
Q 3:-Which Is More Valuable, CFA or MBA?
Well, it depends on your career ambitions. The CFA Program is designed to provide charter holders with specialised skills like investment analysis, portfolio strategy, and asset allocation. An MBA program is less specialised and suited for broader disciplines like marketing or general management.
Q 4:-What is a CFA charter holder?
CFA Program is a professional credential offered by the CFA Institute to Investment and Financial professionals. After completing and passing the CFA Exam one will bridge academic theory, assess current industry practice, and learn ethical and professional standards to provide a strong foundation of advanced investment analysis and real-world portfolio management skills.
Q 5:-What should I study for CFA?
As you develop your study plan, you should focus on:-
Focus on the Exam Weights and Learning Outcome Statements
Apply Concepts to Real Situations
Learn How to Take the Exam
Q 6:-Is CFA a Globally recognised degree?
CFA is a truly global certification unlike some other professional certifications like CFP and CWM. CFA tests are administered globally on the same day, so a candidate whether he is from the US, India, Europe or China will be appearing for the same test.
Q 7:-CFA and CIMA are two different entities?
No, They’re not completely different. If you want to understand business as a whole and want to have a big picture and also get global recognition from one of the topmost management accounting institutes in the world, then you should pursue CIMA. But if you want to pursue your career in core finance, investment banking, and portfolio management, then CFA is the right option for you.
Q 8:-Why Become a Chartered Financial Analyst (CFA)?
Here are 5 Reasons to Become a CFA
1) Better Job Prospects
2) Professional Credibility
3) The CFA Charter is Affordable
4) The CFA Charter is Globally Recognised
5) Real-World Expertise
Q 9:-What Do CFA Designations Mean to Investors?
When an investor is dealing with a CFA charter holder, they can make some basic assumptions. In general, a CFA is committed to becoming better at their craft, whether it is security analysis, portfolio management, business reporting or some other service. In addition, the individual has agreed to maintain a higher level of integrity by following the CFA Institute’s Code of Ethics and Standards of Professional Conduct.
Q 10:-What are the benefits of the CFA Certification?
This certification ensures that you are equipped with hands-on knowledge in the investment industry. To build a remarkable reputation among your clients, employers or colleagues, you have to commit to ethical behaviour and proficiency at work. Therefore, being a CFA charter will uplift your credibility in the eyes of clients and colleagues.
