Chartered Financial Analyst and Masters of Business Administration both represent professional levels of education in business and economics. In addition, MBA and CFA candidates evaluated career experience. Even people who receive either designation may qualify for similar posts in enterprises, MBA and CFA programs have different characteristics and purpose.
MBA Overview
Master of Business Administration is a graduate level degree in business administration. The degree assigned by colleges and universities that have been accredited by the Council for higher education Accreditation and the Commission on accreditation of Healthcare Management Education in the American MBA programs are designed to introduce the students to different areas of business, such as accounting, finance, marketing, human resources and operations management.
CFA Overview
Chartered Financial Analyst is given as a certification for financial analysts who complete a series of three exams. The CFA designation is awarded by the CFA Institute, an organization of investment analysts, who has worked since 1964 for offering the CFA certification as an industry standard.
The requirements to get an MBA
In order to get an MBA, you should apply directly to a school that offers the degree. To be eligible, you must complete a bachelor’s degree at an accredited college or University. Although it is not always required, are standardized tests such as the Graduate Management Admission Test scores evaluated as part of the application process. Other application components similar to apply for a bachelor’s degree, such as personal statements/essays, recommendations and acknowledgements. In addition, a minimum number of years of professional work experience improves your application.
The requirements for obtaining the CFA
As a professional organization, CFA Institute has less stringent eligibility requirements than MBA programs and no formal application process. Eligibility for the CFA certification requires a bachelor’s degree or equivalent-level degree and at least 4 years ‘ full-time work or college experience.
CFA candidates must pay registration fees to participate in the program, completing three levels of exams and sign a professional code of ethics statement to earn certification. The program is divided into three levels that can be completed in six months or more. There is no requirement for the baccalaureate, but candidates can choose to sign up for courses, to aid in passing the CFA exams.
CFA and MBA Educational Outcomes
CFA certification and MBA degrees have different results for the program’s participants. The CFA program was designed to provide professional discrete tasks needed to handle high net assets such as stocks, bonds and portfolio management. MBA programs focuses on broader levels of management dealing with the company as a whole. The difference between the two programs can be seen as depth-CFA certification focuses on detailed skills-versus-width-MBA degree focuses on holistic aptitude.
