CFA is the most respected designation among the finance professionals. There are several other credentials but CFA stands out none the less. As per 'The Economist' the CFA Program is the gold standard among investment analysis designations.
In layman terms CFA is something that certifies that you know a bit of finance :).Some people on Wall Street say it’s a street degree signifying your hunger to learn finance.
In general, the CFA has a better reputation that an average Finance MBA (unless the Finance MBA is from a globally prestigious school).
CFA in India
However the above fact that CFA is better than finance MBA is not true for India where CFA still has to be fully accepted as an equivalent of MBA. It seems that financial institutions still follow the traditional pattern of hiring CAs (chartered accountants) for all sorts of finance roles. Another important point is the fact that 5-7 years ago CFA wasn’t as popular as it is today. This means a scarity of CFAs in leadership position in all financial institution . The conclusion is that not many managers are truly aware of CFA. The other side of the coin is that there are firms like Nomura, Detusche Bank and other Investment Banks that do hire CFAs and pay them hefty salaries.
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