Many aspirants remain confused when it comes to choosing between Chartered Financial Analyst (CFA) and Masters in Business Administration (MBA). Many individuals take up CFA after completing their MBA as well. So we have brought a comparative study of both the courses.
The Chartered Financial Analyst (CFA) Program is a professional credential offered internationally by the American-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financial professionals. MBA as popularly known and understood is a Masters degree in Business Administration. One can take up MBA in any stream while CFA is a in depth certification in the field of Finance.
TIme duration of the Course: CFA is a four year program while MBA mosty is a 2 year program,
Cost involved in the course: CFA costs way less than MBA. There are reasons why? CFA is an exam with various levels which individuals need to clear while MBA is a classroom course where one needs to study core and elective courses in the field of their choice.
Opporutnity Cost: One can take up CFA exams while working . MBA which is best if done Full time can not be done with a job in hand.
Course Curriculum: MBA can be done in many streams. MBA in Finance resembles a CFA curriculum the most. CFA is essentially a program in Finance.
Which one to choose? : This question can be best answered by you as per your needs. CFA is many a times done by professionals after doing their MBA also. This trend clealr says that professionals want to have the best of both the worlds.