Currently ICFAI offers MFA Degree with a CFA Charter...Is the MFA Degree recognised worldwide irrespective of the controversial CFA Charter??
Hi,
I am very happy to say that i have completed Level 1 !! thanks to this forum which made to keep the momentum and have the interest in the course. Thanks to all.
Regards,
KVG
Hi,
I have completed MS Finance Level 1.
Now studying Level 2.
Anyone interested to know about Level 1 can send me mail at [email protected]
Hi Shikha, it will be extremely tough for you to clear CA and CFA together. CA and CFA are professional qualification and they need time. You need to drop the idea, practically speaking. Since you will be giving CPT later this year, stick to CA and the best thing will be to work hard in CA and get a good all india rank in CA PE or finals.
For CA career options are Accounts, Auditing and taxation. For CFA career options are Financial research, sales desk, portfolio management. There is actually shortage of finance professionals in the economy and it will be the likely scenario for years to come given India GDP growth rate of 9-10% p.a. Clear your CA and life will be real good for you working in Big 4 accounting firms or any other MNC.
I have no idea about forensci accounting course.
Let me know any other assistance which i can provide to you.
Hi Babu...why have you given sales desk as one of the career options for CFA??What do CFAs do there?
HEY Guys ! i HAVE A very basic question-IS THE cfa course recognized?
nikhat SaysHEY Guys ! i HAVE A very basic question-IS THE cfa course recognized?
Yes. CFA course is recogonized worldwide except in US and CANADA.
Yes. CFA course is recogonized worldwide except in US and CANADA.
Wrong information. You are not updated.
CFA is recognised all over the world. In 1997, by crook CFA institute (ethics you see
) took ICFAI to VA court. ICFAI was not able to hire an attorney at that time due to foreign regulations policies of GOI.In May 2007, CFA institute got a smash on their face when VA court vacated a default judgement wrongfully obtained by CFA institute.
Here is the link:
:: Press Release ::
As per my information , AICTE was winning most arguments against CFA institute in the latest court case. Judge have extended the date because the decision will be taken by a larger bench. CFA institute have a last chance to win case next month when they will be presenting their arguments.
CFA institute will not be allowed to conduct dec 2007 exams but they may be allowed to conduct june 2008 exams under certain set of conditions.
I know a guy who wanted to be a sell side analyst doing CFA US along with MBA in US to be started this year. Everything just crashed for him 
(Neutral feeling)
The CHARTER- Volume 1- Issue 1- July 2007 released
Welcome to the Council of Chartered Financial Analysts
An excellent source of networking. CCFA is serious to make ICFAI CFA number 1 choice for employers. Bright future ahead for all CFAs and those who are studying in different groups 😃
Welcome to the Council of Chartered Financial Analysts
An excellent source of networking. CCFA is serious to make ICFAI CFA number 1 choice for employers. Bright future ahead for all CFAs and those who are studying in different groups 😃
hi,
i'm new here and posting for the first time please correct me on my mistakes and suggest me to improve.also ineed guidance from u all.
i'm pursuing CA infact have completed PE2.I'm willing to do MsFinance(distant learning programe) from ICFAI.
what i need to know is that am i allowed to do any course from CFA along with CA.
Some people told me that CFA does not combine well with CA is it true.
please help me on this one so that i can act upon it quick.
:
Hi,
Normally, when you are doing CA course, you need to get approval from ICAI for pursuing additional courses. ICAI has approved certain courses like ICWA, CIMA etc for pursuing simultaneously. I think CFA was not in the list of approved courses. This is to ensure that you do not compromise on your CA course as well as acticles. But once you complete your articles, you are free to take up any course including CFA (as per recent Supreme Court judgement). I am also a CA and applied for ICAI to do ICWA course simultaneously along with CA.
CA and CFA is a good combination particularly MS Finance. In CA, you do not get good exposure to advance subjects like Corporate finance, Capital Markets and Strategic Finance topics. But these are very essential to learn in today's corporate world. CA+CFA will definitely make you good Finance professional.
regards,
KVG
Babu, I have a question for you.
Of late, there had been a discussion regarding CA vis a vis CFA on this forum.
I wish to know :
Is CFA at par with CA in terms of coverage/rigour/passing rate etc.?
Does CFA have the same respect as a CA has, except statutory recognition?
I am referring to CFA as alpha to delta part of MS Finance.
After the relaxation of the criteria for CFA. Does CFA remain a standalone qualification as it once did?
I have heard that CFA is sufficient to work in IB and other fields where MS Finance can work and the remaining groups MS Finance only provide a detailed coverage/diversification of concepts already learnt in CFA (alpha to delta) and moreover, the remaining groups are not relevant for financial analysis and hence were dropped . Is it true?
Babu, I have a question for you.
Of late, there had been a discussion regarding CA vis a vis CFA on this forum.
I wish to know :
Is CFA at par with CA in terms of coverage/rigour/passing rate etc.?
Does CFA have the same respect as a CA has, except statutory recognition?
I am referring to CFA as alpha to delta part of MS Finance.
After the relaxation of the criteria for CFA. Does CFA remain a standalone qualification as it once did?
I have heard that CFA is sufficient to work in IB and other fields where MS Finance can work and the remaining groups MS Finance only provide a detailed coverage/diversification of concepts already learnt in CFA (alpha to delta) and moreover, the remaining groups are not relevant for financial analysis and hence were dropped . Is it true?
CA and CFA are not comparable.
CFA and ms finance are 2 different things. The ICFAI CFA syllabus (delta/MFA) is more or less same as CFA institute syllabus.
LSBF - CFA Programme. CFA Course Syllabus
CFA means valuation of different financial instruments and managing a portfolio to maximise returns. Thats it. End of CFA. Till delta you cover everything relating to do CFA job.
Yes one can start working after CFA but for a great career there is nothing like ms finance. So, final target should be Ms finance- which is at par with top mba finance.
CA and CFA are not comparable.
CFA and ms finance are 2 different things. The ICFAI CFA syllabus (delta/MFA) is more or less same as CFA institute syllabus.
LSBF - CFA Programme. CFA Course Syllabus
CFA means valuation of different financial instruments and managing a portfolio to maximise returns. Thats it. End of CFA. Till delta you cover everything relating to do CFA job.
Yes one can start working after CFA but for a great career there is nothing like ms finance. So, final target should be Ms finance- which is at par with top mba finance.
You are absolutely right Babu, but I am asking you this question because for a long time I have been hearing about CFA vs CA thing.
What I wan't to know is that is CFA as rigorous and difficult as CA. I don't want to know about the area of specialisation or coverage.
Whenever I talk about CFA people at our Bank often feel as it is at par with CA as both the qualifications have a term "Charter" common. Since, I do not know indepth about CA, I thought you might be knowing about it.
Also tell be which part is more difficult alpha to delta or the remaining one.
One more thing, recently I saw the papers of MBA and found that CFA coverage is much more indepth. Moreover, we are asked so many calculating questions i.e. hard core finance questions but in MBA such things are not asked more emphasis is on theory. So I feel that a CFA is definitely going to have an edge over MBA of even top B - Schools if both foray into Hard Core Finance.
Yes, CFA is as rigourous as CA. Since CA have got 3 year internship built in its study module, thats an edge which they have got and industry likes it.
But therotically, exams of ICFAI CFA are rigourous and at par with CA.
Yes, CFA is as rigourous as CA. Since CA have got 3 year internship built in its study module, thats an edge which they have got and industry likes it.
But therotically, exams of ICFAI CFA are rigourous and at par with CA.
That means that a CFA should possess more analytical knowledge when compared to a CA !
vexbyte SaysThat means that a CFA should possess more analytical knowledge when compared to a CA !
May be.
I think, it must mean that as analysis is the only USP a CFA has, otherwise employers will find no reason to employ a CFA. They would rather go for a CA itself.
Babu, you know it is such a satysfying thing to do a course which is at par with CA. Atleast when we pass CFA, we will be able to sport our Charter as a CA does. It's highly motivating.
You know, till date I used to feel, what is the point in doing a course which is so tough and doe not enjoy the status a CA has. But after what you said, I feel proud of doing CFA. This will help me answering people comparing the qualification with other qualifications.
Babu, do you have any idea of howmany CFAs have rolled out in this exam
CA and CFA are not comparable.
CFA and ms finance are 2 different things. The ICFAI CFA syllabus (delta/MFA) is more or less same as CFA institute syllabus.
LSBF - CFA Programme. CFA Course Syllabus
CFA means valuation of different financial instruments and managing a portfolio to maximise returns. Thats it. End of CFA. Till delta you cover everything relating to do CFA job.
Yes one can start working after CFA but for a great career there is nothing like ms finance. So, final target should be Ms finance- which is at par with top mba finance.
hey babu thnx 4 d info.. 😃 it rilli acted as a moral booster..!! thnx..
That means that a CFA should possess more analytical knowledge when compared to a CA !
Yes. Thats true. CA is involved in classifying of numbers- Posting numbers from vouchers, cash book in different accounts. Excellent accounting knowledge required.
CFA is involved in analysing the numbers finalised by CA. Excellent valuation knowledge required for CFA.
Infact, CFA works start once CA have done his job.
CFA is involved in post mortem
. CA have prepared various financial statement and after that CFA perform various surgical operations on those financial statements :satisfie:
Babu, do you have any idea of howmany CFAs have rolled out in this exam
The final data will come in december 2007 at the time of convocation.
Dec 2006- 3394 CFAs from ICFAI spread all over world.
Dec 2007- My estimation is 5000 CFAs from ICFAI.
So, 1500 CFAs should pass this year. The trend should continue- 1500 CFAs every year as compared to 10, 000 CAs.
hey babu thnx 4 d info..it rilli acted as a moral booster..!! thnx..
it rilli acted as a moral booster..!! thnx..Yup :). Stay focussed and finish your delta by next year. CFA girl :satisfie: