The problem is, Finance simply does not have enough quality professional designations besides CFA

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Vandelay Industries

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Anyone agree?
The only two designations worth any actual respect in finance are the CFA and CPA.
maybe a SLIGHT respect for CMA, but not much
but beyond this, there are no real options for those looking to grow and get better,
Corporate finance, VC, ER, and investment banking all have no serious professional designation
The CFA is all we have. The CFA is tailored more towards portfolio management, but it is really the only quality, impressive designation to pursue for those looking to differentiate themselves. It’s a shame. Why are there not more quality designations for other areas of finance?
 
Fully agree. And this also implies that many people in various fields of the finance industry do not know what the CFA designation means so when they regard you might think “oh he’s studying some analysis stuff. Big deal.”
 
Ali_Nili1987 wrote:
Ok,If you count CPA and CMA why not ACCA ?
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I think ACCA is too common now, like when MBA was new many people rushed to it and now a large percentage of world population must be MBAs (yes I exaggerated), besides it is only known in few parts of the world, not heavily marketed as CA or CPA. In my opinion, the greater the difficulty of designation, the greater the value and many agree that CFA is the toughest test to pass and stands besides CA of many countries in level of difficulty. ACCA, you only have 4 challenging Ps to pass and the rest is walk in the park
 
Imagine the horror and pain of having to go through choosing between 10 or more designations.In this situations MORE IS ALWAYS THE LESS
 
S2000magician wrote:
Why, exactly, is having only a few quality professional designations a problem?
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It wouldn’t a problem if the CFA was a defacto all-encompassing finance expert exam.
The problem lies that most sectors of finance do not appreciate the CFA, and thus those looking to increase their knowledge have no exam to pursue that is appreciated unless they do portfolio management.
If IB, corp finance, VC, etc all valued the CFA then there would be no problem.
 
The ranking is supposed to represent its door opening abilities ? Or how easy it is ?or……?
 
Ali_Nili1987 wrote:
The ranking is supposed to represent its door opening abilities ? Or how easy it is ?or……?
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lol
I donot think any one does CFA before ACCA
 
I’d prefer the CFA to offer 10 papers, then you do 3 core papers plus a choice of 3 others (i.e you sit 6 papers). This would allow the candidates to have deeper understanding of a narrower syllabus.
I think ACCA is not so tricky, perhaps ASA is a better comparison.
 
Phewwwwww
HOW MANY ACCOUNTING DESGNATIONS ARE THERE ?ASA ?what is that ?How about NASA?
 
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