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17-08-2010, 07:52 PM
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Verified Member
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Join Date: May 2010
Location: Singapore
Posts: 18
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Where does CFA stand compared with MBA
Hi All , Just curious to know how far can CFA take you compared with a normal MBA done in part time mode in Bschools such as SIM ,MDIS,Kaplan...etc. Which will provide better opportunities considering he/she is new to the industry...Thx in advance....
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17-08-2010, 08:12 PM
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Quote:
Originally Posted by rampa001
Hi All , Just curious to know how far can CFA take you compared with a normal MBA done in part time mode in Bschools such as SIM ,MDIS,Kaplan...etc. Which will provide better opportunities considering he/she is new to the industry...Thx in advance....
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CFA is definitely harder to pass, the historical passing rate for lvl 3 has gone down to 46% this year.
MBA doing in SIM, MDIS or Kaplan is easier to pass, but will not hold such credibility as CFA as it is a global Master of Applied Finance equivalent kind of degree
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18-08-2010, 07:44 AM
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Verified Member
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Join Date: May 2010
Location: Singapore
Posts: 18
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Thx for the replies guys.....But my intention of doing either one of the two is to make a career change to management /finance. I'm an engineering grad with about 3yrs work ex. since I'can't afford to get an MBA from a top notch school these are the only options I have....
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18-08-2010, 10:18 AM
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Quote:
Originally Posted by rampa001
Thx for the replies guys.....But my intention of doing either one of the two is to make a career change to management /finance. I'm an engineering grad with about 3yrs work ex. since I'can't afford to get an MBA from a top notch school these are the only options I have....
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join the technology division of a bank, any bank, now. work as an analyst, whatever analyst. and once you get your cfa, seek an internal transfer to a business division. by that time, maybe you will have hit high pay and won't want to move out of technology any more.
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20-08-2010, 11:52 AM
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Quote:
Originally Posted by Unregistered
join the technology division of a bank, any bank, now. work as an analyst, whatever analyst. and once you get your cfa, seek an internal transfer to a business division. by that time, maybe you will have hit high pay and won't want to move out of technology any more.
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Most people who join the technology division (aka back office) will generally stay in technology. Transition to front office will be difficult. But if you're good enough, you may make it to VP at another bank or so.
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20-08-2010, 12:56 PM
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I was formerly an accountant from NTU. I took the CFA when I was with a Big4. When I passed it, I applied for many investment related front office positions as I could. I am not sure if it was because of only the CFA that I got several offers but I think it certainly helps.
I think if you want to get into a front office position, between the CFA and MBA from a local university, I would go for the CFA anytime.
Passing the CFA is an internationally recognised program to train financial analysts, MBA is more generic. Unless you are going an MBA with a top-tier university like Insead, forget it.
My advice for people who want to switch, get a CFA and then join a local investment firm if cannot get into the foreign one. With 2-3 years experience, you will be easily poached by the BB firms.
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21-08-2010, 01:22 PM
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Quote:
Originally Posted by Unregistered
I was formerly an accountant from NTU. I took the CFA when I was with a Big4. When I passed it, I applied for many investment related front office positions as I could. I am not sure if it was because of only the CFA that I got several offers but I think it certainly helps.
I think if you want to get into a front office position, between the CFA and MBA from a local university, I would go for the CFA anytime.
Passing the CFA is an internationally recognised program to train financial analysts, MBA is more generic. Unless you are going an MBA with a top-tier university like Insead, forget it.
My advice for people who want to switch, get a CFA and then join a local investment firm if cannot get into the foreign one. With 2-3 years experience, you will be easily poached by the BB firms.
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If you are an accountant working for a big 4, CFA will be more useful than an MBA. I would also agree with you that a local MBA is also less useful than a CFA in this respect. However, If you are an engineer or in a non-finance related field, CFA does nothing for you. You are better off with a MBA from a top tier program to get in.
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25-06-2013, 08:55 AM
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MBA value
MBA is useful when come from top u.if not , waste the money
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