CFA vs MBA? Which is better? There have been many debates on this CFA vs MBA topic for many, many years. Is the Chartered Financial Analysts (CFA) status worth the time and effort to obtain it? And also, is it any better than other certifications such as the Master in Business of Administration (MBA) or the Certified Public Accountant (CPA)?
It is clear that higher education, after graduating from colleges or universities, has become a must if one wants to have good career advancement in the investment and finance fields. So for those of you who are considering a career in the investment world, you must have heard of the great debate of CFA vs MBA. Both certainly have their advantages and disadvantages. In this CFA vs MBA argument, proponents of both sides have their own valid points MBA .
Firstly, to really determine the true value of the CFA certification, you ought to decide whether or not your selected career path will demand a placement within a large financial company. This is because having the CFA is extremely valuable, perhaps even more valuable than the MBA quite significantly, in the eyes of employers in the finance industry. There is certainly no point getting a CFA if you do not intend on working in the financial or investment world. Please always make sure that your targeted employers value the CFA designation greatly, when compared to the MBA and CPA.
Now, let us look at the MBA. The MBA, unlike the CFA, teaches the students a wide range of other non financial subjects such as business management, marketing, organizational behavior, human resources management, and strategic management. This means that the student not only will be great in the financial skills but also able to have in depth knowledge on various other topics. Although there are many subjects, the MBA is relatively simpler due to all the subjects are broken down in smaller modules.