is cfa useful for chartered accountants

CA vs CFA, two of the world's most exciting and challenging career choices. But generally students wonder what's best for them? It's easy to choose between good and bad, but the most difficult challenge is to choose between good and good and it's mostly students who are stuck. One of the most favourable career options for applicants is Chartered Accountants (CA) and a Chartered Financial Analyst Program (CFA). The CA is the most popular training in India, while the CFA programme is a popular career in the world. CA+ is best for aspirants when CFA is eligible to be CA, as the CA+CFA is known as the deadliest financing combination.


What's better-CA or CFA-as a career option?

CFA requires four years of combined research and the requisite work experience suitable for the CFA Institute. The applicant must master the new CFA programme and clear the review for three 6 hours. It is important to become a member of the CFA Institute and register with the local CFA society after the exam has been completed.

After completing CPT after Class 12, candidates can register for a CA degree or take the interim examination after graduation. The intermediate test is split into two classes and the applicant needs to undergo internal training after the completion of the course to qualify for the final exam. The applicant needs to complete 100 hours of soft skills and IT orientation programme prior to taking the article ship.

The CA course provides the applicant with versatility to work in various positions such as accounts, auditors and budget analysts. Often qualified to work on the stock market are applicants. CAs should build and operate for their customers as well. They can also work in CA companies and become part of a company which can be corporate, public sector companies.

CAs can also be used globally and these experts in the finance and development sectors are widely sought after. On the other hand, the CFA charter allows you to become a reputable investment management profession. For chartered financial analysts, many of the leading companies are in high demand and the course is affordable in top institutions such as CA and MBA. Obtaining the CFA credential institute allows you to join a global network of investment professionals and prepares you for different investment-related occupations. So, both courses are better and the applicant must choose his career and future. They are also better in their ways and so that you have to choose which is better indian chartered accountancy or CFA for yourself.


Some Advantages of doing CFA after CA

The Chartered Financial Analyst is a world-renowned financial analyst offered by the American-based CFA Institute. It is composed of two to two and a half years of three stages.

Each level has 10 topics covering all aspects of financial learning. The subjects are organised according to the most suitable, realistic and up-to - date information. There is a big scope of CFA for indian CA. Moreover, each subject involves study and a realistic approach. The test pattern is designed to test the candidate's depth of expertise, rational comprehension and emotional attitude. All this gives a CFA advantage over other financial occupations. Global businesses therefore understand and agree that CFAs will lead their organisations.


1. Your oyster is the universe

Investment banking, merger and acquisition, shareholder analysis and all other financial services, CFA ® opens the door to employment opportunities. If you are involved in working for credit research as a research analyst, corporate finance official, asset management associate, or a fund manager, etc. According to Mr Yogesh Sakunia, an equity research analyst, the CA is "probably going to get your work, but CFA will hold you there." That is why, shortly after completing his CA in Crisil, Mr. Sakunia enrolled for CFA certification.


2. You have the floor

Many CAs and MBAs chose to complete the course due to the growing demand for skilled financial analysts. Any of the leading companies such as Crisil, JP Morgan Chase, Wells Fargo, HSBC, CitiGroup, etc. are currently tending to employ a charter for their guaranteed expertise. In addition, the additional edge of the credential makes you become qualified and efficient for the prospects in the industry.


3. Fantastic work and places

In this ever-growing financial sector there is no shortage of jobs for professional workers. From probative officer to executive director / CEO, project finance manager, stock and fixed income trading specialists, compliance officer and many more, you will look at profiles. In addition , banks including ABN AMRO, Deutsche Bank, Barclays Plc, N.A. Dresdner Bank, Goldman Sachs, Lehman Brothers, Standard Chartered Bank, Royal Bank of Scotland are also among the most prominent global hubs.


4. The money is everything

Many people believe that it's all about money to work in the financial sector. Well, it's accurate in part! According to the Minister of Finance, Mr. Arun Jaitley, "Indian economic activity will more than double to $5 trillion in a few years." The demand for a qualified or semi-qualified charter is forecast to rise dramatically in India, with economic opening up and globalisation of operations. An individual who is certified at level I currently has a mean wage of INR 4,5-5,5 lakhs, while an INR 6-15 lakhs is charged for a full charter holder (one who has completed all III levels).


6. Becoming a full financer

Since you are an accountant already chartered, it should not be too hard to split CFA Program Exam Level I. It should be a cakewalk with the proper guidance and the best foot forward. "About 60 percent of the CA curriculum is expressed in level I tests, according to Mr Sakunia. Many CA professionals who are involved in investment finance should also go to the CFA programme.

In short, you have all-round expertise and worldwide recognition by the combination of CFA and CA. The strict curriculum would make your preparation even more profound. This is why great finance practitioners differentiate themselves from the good. This will greatly enhance your learning curve and allow you to reach a high level of commitment. In this respect, the CA-CFA qualification combines a candidate' s preferred leading position (trading/consulting) as defined by Mr Jain (a fixed income and interest rate dealer).

Investment banks / treasuries typically tend to obtain an MBA (engineered) for the same due to the study. But there is no sound financial understanding for those candidates. This is where a financially sound applicant (CA) with analytical credentials and practical application (CFA) enters the picture.


Some Basic Differences Between CFA and CA

Let 's talk about some discrepancy between CA and CFA and see which is more difficult indian CA or CFA





Main Focus

CA shall be treated as an accounting , tax, law, auditing, and financial specialist.

CFA focuses mainly on financial affairs.


CA is an ICAI Indian Acknowledged course

CFA is the CFA Institute's internationally recognised course.

Course Duration

CA is divided into three stages, along with three realistic years, which take at least 4.5 years after 12th.

CFA is also divided into three levels, together with four years of practical training experience which takes at least 4 years to complete.

Percentage of the Passing Applicants

With an average 0.5% rise, CA is considered the toughest course in the world. Just 5 out of 1000 people are believed to qualify for the CA Final test.

Compared with CA, the transient CFA percentage is higher. The aircraft. The pass rate tends to be 10%, meaning that 100 students out of 1000 student participants are able to apply for the exam.


The demand for CA is definitely higher, as the company's finance statements are only allowed to be audited.

Many nationally and international corporations are asking CFA to search out and manage their investments as an expert in finance.

Pattern of the Paper

CA is a paper-based pattern that is arbitrary. Forget the luck factor, then.

CFA is a paper pattern based on the MCQ which requires a little luck in making this exam clear.

Pattern of the Exam

The CA students benefit from the fact that the papers are distributed for 16 days after 1 day of preparation in each document.

During examination time, CFA is difficult to study, as here students must prepare all the 10 subjects in one day.

Salary Package

The average CA package range of 6-7 lakhs is increased according to your task.

An average income of up to 4 lakhs is estimated, which increases with your experience and skill.


Concluding Note

You need to know what path you should take with the article above. CFA is suitable for an Investment Banking and Portfolio Management profession, while CA benefits for an audit and tax career. Both are established and their range expands quickly, but you have to choose a profession that shows you your interest and skill. A mixture of CA and CFA courses is open to students. In addition , students take the hybrid course, which other students don't have a plus point. However, students can only select hybrid courses if both courses are properly handled.







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