Should you get both cpa and cfa?

Hattie Lueilwitz asked a question: Should you get both cpa and cfa?
Asked By: Hattie Lueilwitz
Date created: Thu, Mar 11, 2021 4:54 AM
Date updated: Thu, Jun 23, 2022 1:47 AM


Video answer: Cfa v cpa:which is right for you?

Cfa v cpa:which is right for you?

Top best answers to the question «Should you get both cpa and cfa»

The CPA and CFA combination is best suited if you plan to work in the research department within investment banks, hedge funds, and mutual funds or plan to hold another job in the investment or finance community.

Video answer: Cfa, cpa, cfp, and mba explained

Cfa, cpa, cfp, and mba explained

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I personally believe there is no reason to be a CPA and CFA unless you make a career change. And even then, you may not need both. CPA vs CFA. A Certified Public Accountant (CPA) is essentially an accountant who is held to the highest standards in the industry. They have to meet minimum education standards, pass the four-part CPA exam, agree to abide by a code of ethics, and continue to work and gain continuing education in the field.

Certified Public Accountant (CPA) and Chartered Financial Analyst (CFA) represent two of the most prestigious professional designations in accounting and finance. Although these two designations frequently represent divergent career paths, many students evaluate the merits of a career in both accounting or finance when consider their own career path.

CPA or CFA is great, but it is going full time for your MBA which matters. Get a job and some real world experience, and then apply to graduate school. If you chose to pursue CPA or CFA, I would do only one or the other. BTW these exams are not easy!

The CPA is great if you want to rise up the finance department at a corporate business and ultimately become the CFO, or if you want to rise up the ranks at a public accounting firm. The CFA credential, by contrast, is great if you want to work at a bank and, in particular, in investment management or equity research.

I disagree. CFA is more valuable in very niche areas like portfolio management. In general, in the business world a CPA is more valuable than a CFA. I know equity research positions at BB in my city are looking for CPA's over CFA's. Finance sector is giving more respect to the CPA designation as there are more and more people getting CFA's.

Second, if you are interested in working in fund management or the research department within an investment bank (for example, as a research analyst or a security analyst), a CFA qualification is highly recommended. In fact, most analysts are CFAs. A CPA license is not that useful, but the CPA CFA combo is highly regarded.

The difference is that for accountancy you require CPA bits while for financial industry there is no legal requirement to get a CFA. In short - you can get every kind of job you want with both these degrees, it just depends on your drive and passion for applying for a job.

But choosing to pursue an Accounting degree isn’t the only substantial decision on your horizon—there’s also deciding which accounting certification or credential you should pursue. To help you make a decision, we’ve highlighted the three most popular credentials for accounting professionals to help you decide whether a CMA, CPA or CFA is the right option for you.

Similarly, most Accounting qualifications will have some material on Economics and Quantitative Methods within them which will provide further overlap with the CFA charter. Although both the CFA and most Accounting qualifications will have a substantial proportion of the material dedicated to ethics, there is very little overlap between the two as CFA focuses on the organisation’s specific ethical code.

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