MBA vs. CFA Charter: Which Path Is Best for You?

A lot depends on the individual choosing between an MBA program and the CFA program. Which one might be the better choice for you depends on a number of factors. In reality, a lot of finance professionals decide to combine the two at some point in their careers.

What you should enrol in now may depend on your future goals once you have earned your CFA or MBA.

Financial analysts who want to advance into a new role like portfolio management or investment management should definitely consider the CFA Program.

If you're uncertain, on the other hand, the MBA is a more comprehensive program that is best described as a mile wide and a foot deep. The abilities you develop in business school are not industry-specific. Instead, you are exposed to various aspects of how businesses are run.

If You Want To Switch Your Career

Making a choice at this point can be challenging. Especially if you want to change occupations and enter into a completely new sector like finance. It would probably be prudent to select the CFA Program if you are certain that you want to work as a corporate financial analyst or stock analyst.

If you are an engineer who wants to work in finance but is unsure of what you want to do specifically, an MBA program will provide you with the chance to become exposed to the financial sector and assist you in choosing a speciality like:

• Actuary Investment Banker

• Financial Planner

• Portfolio Manager

• Securities Trader

• Economic Analyst

• Financial Analyst

Requirements for Enrollment

You must meet one of the requirements set forth by the CFA Institute in order to apply for the CFA Program:

• Possess a bachelor's degree or its equivalent

• To be enrolled in their last year of a bachelor's program.

• Possess four thousand hours of professional experience

• Have a minimum of 4,000 hours' worth of combined professional and academic experience

Is pursuing a CFA after earning an MBA preferable?

Earning an MBA before pursuing the CFA charter can be advantageous for you in a few ways if you are young, have little to no experience as a finance professional, and can afford an MBA program.

A part of the MBA program's curriculum and the CFA program's curriculum will overlap. In an MBA program, you will also learn how to prepare for a financial exam. An MBA alumnus or alumna will likely enter the CFA program with higher expectations of what will be needed to pass each exam.

Can You Earn Both an MBA and a CFA?

Yes, technically, you are allowed to enrol in both the MBA and the CFA programs at the same time, but we do not advise doing so. Due to the fact that both of these programs will take up a significant amount of time, especially if you are employed.

However, in case you have made up your mind and are looking forward to starting the CFA course in India, let Miles Education be at your aid.

It's time to start exploring our Kaplan Schweser – Miles CFA study plans tailored to your needs today if you're thrilled about what the future brings for you as a CFA holder.