CA or CFA: Which is best?

CFA is a course that focuses on financial topics like ethics, corporate finance, equity investments, fixed income, and derivatives. It will majorly prepare you for a career in investment banking, portfolio management, and research. While CA is dedicated to accounting, taxation, and auditing. Choosing someone is one of the toughest parts if you have very little knowledge of finance and commerce. In this content you will get to know about the CA and CFA:

  • CFA  is a USA-based company that conducts the exam. The CA exams are conducted by the ICAI, the Institute of Chartered Accountants of India. 
  • CFA course is divided into three levels Level 1, Level 2, and Level 3. The CA
  •  The course is divided into three levels CPT, IPCC, and CA final. 
  • If a candidate can clear all the exams in his first attempt, then he can complete them in a span of 4 years. But a candidate will take 4 to 5 years to complete CA. 
  • The CFA conducts level 1 exams four times a year, level 2 exams thrice a year, and level 3 exams thrice a year. 
  • CFA is considered one of the toughest exams ever, and almost 1 student out of 10 can pass the exam. In the same way, CA is also considered one of the most toughest exams in India, and the passing rate of CA is lower than 15% every year. 
  • The job profile of a CFA is that of a portfolio manager, consultant, investment analyst, strategist, wealth manager, and many more. But the job profile of CA includes internal audit, public accountant, government accountant, etc. 
  • If we talk about money, then CA is more cost-effective than the CFA.