03-19-2006, 02:13 AM
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as many of us ve rightly said, CFA n ACA r different qualifications with no comparision.
ACA is specialist in audit&tax. while CFA is specialist in investment management (including portfolio & funds management).
ACA is qualification in Accounting field, while CFA is supreme most qualification in Finance. so much so, tht i know many good universities abroad who ve designed their syllabus of degrees in Finance in accordance to CFA!!!
but the bottom line is tht it is the talent inside u tht matters, not being the CFA or ACA. if u dont enjoy financial markets and economic trends, CFA is useless for u.
if u insist on comparing ACA n CFA, CFA is way too better; but no doubt, extremely difficult. website of AIMR (owners of CFA charter) itself admit tht "... even the most experienced investment bankers find CFA exams extremely difficult..." and on one place, "...CFA charter is awarded to extremely few ppl arround the world...".
"sportyspice" has rightly said tht only 55 pakistani's r qualified CFA but only 17 r available "in" pakistan. rest ve left for abroad.
most ppl prefer to sit for CFA exams after they have arround 1-2 yrs experience in investment mgmt., and they ve completed their masters/bachelors degree in Finance (not in accountancy!). CFA website says "... our syllabus is of master's degree level..."
importance of CFA is also highlighted whn u find tht many (if not most) CPAs (ACA of USA) turn to CFA!!!
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FARHAN
live, n let live ...
as many of us ve rightly said, CFA n ACA r different qualifications with no comparision.
ACA is specialist in audit&tax. while CFA is specialist in investment management (including portfolio & funds management).
ACA is qualification in Accounting field, while CFA is supreme most qualification in Finance. so much so, tht i know many good universities abroad who ve designed their syllabus of degrees in Finance in accordance to CFA!!!
but the bottom line is tht it is the talent inside u tht matters, not being the CFA or ACA. if u dont enjoy financial markets and economic trends, CFA is useless for u.
if u insist on comparing ACA n CFA, CFA is way too better; but no doubt, extremely difficult. website of AIMR (owners of CFA charter) itself admit tht "... even the most experienced investment bankers find CFA exams extremely difficult..." and on one place, "...CFA charter is awarded to extremely few ppl arround the world...".
"sportyspice" has rightly said tht only 55 pakistani's r qualified CFA but only 17 r available "in" pakistan. rest ve left for abroad.
most ppl prefer to sit for CFA exams after they have arround 1-2 yrs experience in investment mgmt., and they ve completed their masters/bachelors degree in Finance (not in accountancy!). CFA website says "... our syllabus is of master's degree level..."
importance of CFA is also highlighted whn u find tht many (if not most) CPAs (ACA of USA) turn to CFA!!!
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FARHAN
live, n let live ...
