Why CFA is becoming kind of mandatory after MBA / PG - Finance?

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anandmishra453

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Even from top universities people are going for CFA….Why it is now becoming a mandatory for MBA’s also? Is it like MBA / PG finace colleges / universities don’t take finance topics in depth? If that is so then MBA part time / Executive program must be targeted along with CFA.
Is MBA Full time or regular a dying qualification?
 
Dying qualification? I don’t think so.
Is the Bachelor’s a dying qualification? I think so.
CFA takes more finance topics in debt over the MBA, which is why some employers see CFA’s as more credible.
From an investment career standpoint, I would say the CFA would be more beneficial.
 
I am talking in context of CFA vs MBA finance…CFA leads…I believe its stands equal to most of the top rated universities providing MBA in Finance…
 
anandmishra453 wrote:
I am talking in context of CFA vs MBA finance…CFA leads…I believe its stands equal to most of the top rated universities providing MBA in Finance…
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Top 10 US MBA > CFA. What do you mean when you say top rated university providing MBA in finace? Also, what is a PG finance college? is there a PG-13 finance college?
 
Yes, CFA in terms of quality beats MBA. But you can’t forget the point here that if you are in top MBA program, you basically get a job through alumni network. But CFA? No, you are on your own. And it is utter waste of money and time if you come from other background and don’t have network at all. So study and learn top notch finance material but then what? Top MBA guy will take the job.
 
no other analysts at my fund has cfa. however we have yale and columbia grads who went to the usual route of IB then to HF. Don’t need cfa for these folks. They learned the basics and the know hows on the job from seniors and from experience.
Now the PM went to mediorcre ugrad but spectacular MBA. after mba he got into high finance. No need for cfa for him either. Learning about t-test method (from level 2) or brushing up on Dupont ROE (level 2) was not going to help him get the PM position. He got his initial FO position from the help of his MBA and got to the PM position through semi-hard work, and getting along well with the right people and being lucky in the market from time to time.
But this is HF not asset mgmt or mutual funds etc…
 
atush wrote:Yes, CFA in terms of quality beats MBA. But you can’t forget the point here that if you are in top MBA program, you basically get a job through alumni network. But CFA? No, you are on your own. And it is utter waste of money and time if you come from other background and don’t have network at all. So study and learn top notch finance material but then what? Top MBA guy will take the job.
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Subtle answer to a not so intriguing qs. Time and again I myself am riddled with this qs. Why CFA?
To each his own, to me it has been the knowledge base and that is it.
I have not known anybody who had got a ticket to the top notch dream job because he worked his ass off for 4-5 years to pass the exam and earn the charter.
May be it teaches too much and it is too much practical oriented which appear “obscure” to the non CFAs.
But people who have done their MBA from better known B-Schools and their CFAs as well would surely understand that it is naive to compare a CFA with an MBA. You don’t get to party every weekend and hang around with buddies…. and yet are assured of a decent placement after like that of an MBA. You study and study your ass off, whatever time you get… that is CFA.
The rest of it, the institute must think of creating dedicated placement cell at every society of its. Else, the ROI is lowest in the world as far as those countless hours and 5 years of study go.
 
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