1. Holistic knowledge of finance:
CFA has 3 levels and covers 10 varieties of subjects. It gives an overall holistic approach towards researching securities. One will be able to think from varieties of fields that can have an impact on the securities. CFA makes one to think from Statistics to Economics to Ethics which helps one to learn from all sides about the financial industry.
2.Internationally recognised and Gold Standard certification:
CFA is internationally recognized. A Charterholder in CFA can search for job in many countries. Thus, widening the scope of job prospects. It has a very high professional credibility and considered as Gold Standard in finance. So, for someone looking for careers globally, CFA would be an ideal choice.
3.Better job prospects:
CFA adds an exceptional weightage to your CV. A Charterholder in CFA has higher probability to get an edge over other candidates. CFAs are highly trusted and preferred in many profiles in the financial industry.
Candidates go through rigorous training while doing this course. It gives them immense knowledge about the stock market, portfolio management, equity research along with ethics. CFA helps them to carve out niche personality with flair in finance. It also shows the disciple that the candidates must have followed to finish this one of the toughest course. Hence, the CV weightage goes up after the completion of CFA and so, the job prospects as well.
4. Economical than MBA:
CFA is far economical than MBA and more niche towards financial subjects. Students interested in carving career specifically in finance will get and edge over an MBA. CFA adds up more weightage to the CV than most of the other courses, which are more expensive also.
5. Money Management for self and others:
CFA teaches one to manage funds which could be for self or for others. Most of the Fund Managers in the financial industry do CFA course as it helps them to manage funds more efficiently.
So, irrespective of one aims to become Fund Manager or not, CFA helps a person for better money management. This skill can be applied for managing one’s own wealth also. So, it will help to have a better retirement plan for individuals.
6. Higher Packages:
CFA charter holders tend to earn better than most of the other employees in the market as the financial industry prefers CFAs more than many other courses. Because of the professional credibility that the course offers, candidates have better chances to get selected as well as to get better pay packages. Since, financial industry deals with a whole lot of risk and probabilities, CFAs are preferred who are better equipped to handle the situation in the financial world.
7 .Flexibility:
CFA Level 1 exams are held online 4 times (February, May, August and November) and Level two exams are held thrice (May, August, November) in a year. It gives flexibility for the candidates to schedule their exam. Candidates can plan the schedule much in advance, months before the exam.
8. Varieties of roles in finance:
As CFA prepares a candidate holistically about the different aspects of financial instruments and the industry as a whole, CFAs are offered varieties of roles in finance. CFAs would be suitable for most of the roles in the financial industry which enhances the scope for better job prospects.
9.Ethics:
CFA focusses a lot on ethics as well. Along with number crunching, CFA makes an employee to focus more on the ethical aspect also. Companies will have more trust on the employees who formally go through Ethics subject, learns and solves many cases related to it. Ethics plays a very important role, not only at the entry level of work, but also at the top level of management.
