Aruna, a second-year student at a top-tier Business school, was planning to major in Finance. She was interested in capital markets and aspired to take up a role related to capital markets. She reached out to a few alumni, searching them through LinkedIn and exchanged emails for guidance. The majority of the seniors she spoke to had completed or were planning to pursue the Chartered Financial Analyst (CFA) curriculum. After an MBA with a major in Finance, she thought was it really necessary to pursue a CFA?
Isn’t this a dilemma that most of you face today? Like Aruna, most of you must be wondering why does MBA Finance, the most coveted degree of all times need to be backed by a CFA?
We differ on this and ask, “Why not”?
Read ahead to find 7 reasons why pursuing CFA after MBA will take your career to a whole new level-
(1) More focussed on Financial Analysis
CFA curriculum, on the other hand, is focused purely on financial analysis. The curriculum is quite rigorous and the depth of knowledge tested in the examination is reasonably high. So, anyone who is looking at roles that involve various roles in the investment industry should have a sound understanding of the concepts and that is precisely what the CFA curriculum is focused on.
The first level of the examination is focused on building the foundation. The topics covered are essentially an overview of all the aspects covered in your MBA course. The second level is considered the more difficult level and it focuses more on asset class valuations. The third level of the course is focused on portfolio management aspects of the capital markets.
(2) Global recognition
With more and more KPOs and MNCs operating in India, the demand for global courses is increasing. Every employer now looks for candidates who are well equipped to take on global roles in future. Let’s face it. Not everyone is blessed enough to pursue MBAs from top tier institutes in India. Especially for those of you who didn’t get through your dream colleges, CFA comes as a bright chance to boost the credibility of your profiles. CFA Institute is a global association of expert investment professionals that is now considered a benchmark for excellence in the industry. So, with a CFA in your kitty after an MBA Finance, you are sure to go places!
(3) The curriculum prepares finance experts for a wider spectrum of roles.
The CFA Program lays a strong foundation for advanced investment analysis and practical portfolio management skills which will prepare you for a wide array of roles. The Program curriculum covers concepts and skills you will use at the most difficult stages of your career. Especially, for careers Equity Research, Investment Banking, Portfolio Management, Hedge Fund and Venture Capitalist there is a requirement of a focused curriculum.
(4) Gives an edge to your CV for core finance jobs
You must have heard, recruiters take only few minutes to scan through your resume which lies in the pile of thousand others. So won’t you want to make your resume stand out from the rest? CFA with MBA Finance automatically gives an edge to your resume as compared to those with only MBA Finance. A focused degree in finance like CFA shows your seriousness about your career in finance.
(5) CFA becomes a little easier to pass as concepts are already clear
It is well-known that CFA program is a little difficult to pass. But with your basic concepts already in place through an MBA in Finance, it becomes a little easier to wade through the CFA curriculum. Firstly MBA Finance more or less prepares you for CFA Level 1 very well, plus the time management skills that MBA students have, is immensely beneficial for tackling CFA exams. So we can say that doing a MBA Finance before a CFA makes your chances of passing the program in lesser attempts. Also, after an MBA you get considerable work experience through the placement, which is also a requirement for obtaining the CFA designation.
(6) Greater growth opportunities in later stages
For a deserving professional, career growth should never stop. Campus placements after MBA Finance can surely be your gateway to your dream job, but Finance is a constantly evolving field and you also need to grow with it. With major changes happening at global and macro levels, there is a demand for astute forecasting skills like never before. Financial planning and analysis (FP&A) and new age finance processes in the shared services/outsourcing require more specialization on sectors and verticals, hence these companies are always keen on having professionals with added expertise on board.
(7) Get the best of both worlds. Live with no regrets!
Who wants to live life with regrets? By now you know that pursuing a CFA program after MBA is truly fruitful, so why live in the confusion anymore? Why not get the best of both worlds? An MBA in Finance truly equips you with better managerial skills, time management, decision making and organizational abilities. However, the core area of specialization requires much more in today’s dynamic business world. So don’t lag behind, get the necessary skills and stay ahead of the game.
If you are pursuing or completed MBA Finance, aspiring to grow with a CFA, our comprehensive and focussed CFA training program is your best bet.