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CPA vs. CFA
Posted on 3/2/14 at 6:26 pm
Posted on 3/2/14 at 6:26 pm
Does anyone on here have both? What are the advantages of having both?
Posted on 3/2/14 at 8:12 pm to TheOcean
Many years ago I took (and passed) the first two CFA exams before deciding to leave that industry, and I'm currently working on my CPA.
The two worlds are completely different. I'm glad I've had exposure to both though simply because I understand them both better.
I don't know that having both certs will help you land a better job upfront, but if you're in the consulting business that helps you do better work, especially at more senior levels.
The two worlds are completely different. I'm glad I've had exposure to both though simply because I understand them both better.
I don't know that having both certs will help you land a better job upfront, but if you're in the consulting business that helps you do better work, especially at more senior levels.
Posted on 3/2/14 at 10:31 pm to TheOcean
They're 2 completely separate things and both are very difficult in their own right. What kind of job are you hoping to get out of this? These aren't the kinds of things you can just causally pick up with a few months of studying, that's why they're valuable.
Posted on 3/2/14 at 11:18 pm to TheOcean
Aren't you in law school? How the hell do you have so much time?
Posted on 3/3/14 at 8:27 am to TheOcean
I can't imagine how you would have the time. I have two jobs and attempting to get the CPA burned me out.
Posted on 3/3/14 at 12:47 pm to TheOcean
I passed the first CFA and considered going back to school to take the 4 required accounting classes I didnt take so I could take the CPA but decided I didnt want to at this point.
I couldn't imagine a profession besides PHD Professor that would really appreciate having both. Unless you are going into a heavy financial field, most people dont even know what the CFA is.
I couldn't imagine a profession besides PHD Professor that would really appreciate having both. Unless you are going into a heavy financial field, most people dont even know what the CFA is.
Posted on 3/3/14 at 1:07 pm to Chris Farley
Just curious, I never said I would attempt both. Wanted to know the benefits of each and whether people in the finance world usually have both.
Appreciate the helpful posts
Appreciate the helpful posts
This post was edited on 3/3/14 at 1:12 pm
Posted on 3/3/14 at 4:50 pm to TheOcean
If you want to work for a financial institution, most will look very highly on someone working toward their CFA. Especially those who have a CFA designation look almost exclusively at people obtaining it because they know how much work and effort it takes, however, not a ton of people realize the extensive amount of preparation and knowledge it takes so make sure its the field you want to go into.
I was taking it during my masters and I passed the first part but left the industry and went in another direction so I decided not to continue with the program because noone at my work knew what the CFA was.
CPA has more weight on a larger scale, but if you want to be an Analyst for a financial company or be in wealth management a CFA will get your foot in the doors of a lot of firms.
I was taking it during my masters and I passed the first part but left the industry and went in another direction so I decided not to continue with the program because noone at my work knew what the CFA was.
CPA has more weight on a larger scale, but if you want to be an Analyst for a financial company or be in wealth management a CFA will get your foot in the doors of a lot of firms.
This post was edited on 3/3/14 at 4:52 pm
Posted on 3/3/14 at 5:48 pm to SouthOfSouth
quote:
but if you want to be an Analyst for a financial company or be in wealth management a CFA will get your foot in the doors of a lot of firms.
Exactly what I was looking for. Thanks for the info
Posted on 3/3/14 at 7:52 pm to TheOcean
CPA has broader business application. CFA is very specific to high finance. You'll rarely see job postings request CFA unless its an asset management or equity research position. On the other hand, nearly everything touching accounting or non-asset management finance would see value in a CPA. So unless you want to work in the money management business or in security valuation, there's not a whole hell of a lot of people who care about CFA. But make no mistake, within those few professions, it is the be all end all designation.
This post was edited on 3/3/14 at 7:53 pm
Posted on 3/3/14 at 9:36 pm to RedStickBR
So I know someone that has this.
Accounting grad, got his 150 hours, master's degree, passed CPA exam, worked for four years as a tax guy for a large CPA firm. Wasn't a big fan of his work. Went back to school, took some more classes. Did some stuff and got a CFA designation. Worked for a few years for a large financial firm as an investment analyst.
Left there and went to work as director of investment stragegy for a registered investment advisory firm. This RIA firm is aligned with a CPA firm. He brands himself as being able to help people with their investments while using a tax-centric stragegy. Essentially, if your investment advisor and your tax CPA work together, you can improve your investment and tax situation.
Accounting grad, got his 150 hours, master's degree, passed CPA exam, worked for four years as a tax guy for a large CPA firm. Wasn't a big fan of his work. Went back to school, took some more classes. Did some stuff and got a CFA designation. Worked for a few years for a large financial firm as an investment analyst.
Left there and went to work as director of investment stragegy for a registered investment advisory firm. This RIA firm is aligned with a CPA firm. He brands himself as being able to help people with their investments while using a tax-centric stragegy. Essentially, if your investment advisor and your tax CPA work together, you can improve your investment and tax situation.
Posted on 3/3/14 at 11:08 pm to LSUFanHouston
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