Saturday, 22 August 2015

I am a CA Final Student who is interested in Finance. Should I start CFA simultaneously?

You can take the CFA Level 1 exam right now. But if your CA Final attempt is just about a year away, I would suggest taking up CFA Level 2 only after passing your finals.

CFA is a good course in Finance, but to be honest, the Indian industry still prefers CA's over CFA's in most Finance fields. You can easily take up CFA after completing your CA. I suggest so because there are not a lot of common subjects between the two courses, except for Strategic Financial Management in CA Final. It would be best that you pick up the new skills that CFA may bring to you only after being done with CA. It wouldn't be wise to get distracted when an enormous course like CA Final lies ahead of you.

I have seen a lot of my peer Chartered Accountants working in roles that are more Finance based than Accounts centric, and their practical experience has helped them more to progress in their roles than a CFA degree, which most of them do not have. This in no way undermines the importance of studying the CFA course content. I would only suggest taking one thing at a time.

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