CPA VS. CFA: Which is Better?

Reading Time: 3 minutes
CPA VS. CFA: Which is Better

Earning a CFA (Chartered Financial Analyst) or CPA (Certified Public Accountant) is a significant career milestone. Both are terrific career boosters and impressive additions to your resume. It’s critical to grasp the differences between these two certificates if you’re thinking about getting one. Despite the fact that they are both related to finance, they might lead to completely diverse outcomes in your career. Learn more about the distinctions between the CFA and CPA charters, how to prepare for the two exams, and how obtaining either one might affect your career. 

CFA holders and CPAs both deal with financial data, interact with clients, and assess the feasibility of various enterprises and organizations, but the results vary depending on which degree you have. CFAs emphasize analyzing market conditions, assessing businesses, and determining the optimal investment strategy for businesses or individual clients. They generate revenue for their clients through investments. Investment analysts, financial counselors, chief financial officers, and portfolio managers are common jobs for CFAs.

cpa, cpa salary, us cpa, cpa classes, cpa training in india, cpa course in india

CPAs, on the other hand, create financial records. They may calculate taxes owed or evaluate business processes to find cost-cutting opportunities. CPAs are also expected to ensure applicable financial regulations.

The CPA exam is designed to test the knowledge of auditing methods and standards, taxation, and accounting and reporting requirements for firms, unlike the CFA exam, which focuses on investing tools, asset valuation, portfolio management, and wealth planning.

Next, the CPA exam is organized into four sections. To become a CPA, you must pass all four sections within a period of 18 months and the 4 sections are as follows-

  • Auditing and Attestation (AUD)
  • Business Environment and Concepts (BEC)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)

On the contrary, all three levels of the CFA program exams cover the majority of the topic areas, though the focus of each level shifts as the tests progress. Fixed income investments and portfolio management account for half or more of the exam by Level III. You must pass Levels I, II, and III of the CFA exams in order to qualify. The topics covered in the CFA exam are as follows-

  • Quantitative Methods
  • Economics
  • Financial Statement Analysis
  • Corporate Issuers          
  • Equity Investments
  • Fixed Income
  • Derivatives
  • Alternative Investments
  • Portfolio Management & Wealth Planning
  • Ethical & Professional Standards

The CFA charter is a worldwide recognized financial qualification that symbolizes knowledge, commitment, perseverance, skill, and dedication. Earning a CFA charter will help you advance in your career in finance. The major job roles which are offered to a qualified CFA are as follows-

  • Portfolio Manager
  • Research Analyst
  • Chief-Level Executive
  • Consultant
  • Risk Manager
  • Corporate Financial Analyst
  • Relationship Manager
  • Financial Advisor

cpa, cpa salary, us cpa, cpa classes, cpa training in india, cpa course in india

On the other hand, the major job roles which are offered to a qualified CPA are listed below-

  • Senior Financial Analyst
  • Risk and Compliance Professional
  • Corporate Controller
  • Accounting Software Developer
  • Information technology Accountant
  • Personal Financial Advisor
  • Finance Director

Now, be it CFA or US CPA, in both cases, Miles Education shall help you with 360-degree support and guidance. 

#cfa #cpa #financematlabmiles

Leave a Comment

Your email address will not be published.

Featured Blogs

Leave a Comment

Your email address will not be published.

Featured Post

Crack the Deal & Kick start your career in the US!

Crack the Deal...

Are you interested in pursuing a career in accounting?  ...

1 Jul 22

Read more

Crack the iPhone gift code now with MAC: In talks with Joanne Koshy

Crack the iPhone...

When you think of Elon Musk or Mark Zukerberg, their...

29 Jun 22

Read more

CPA VS. CFA: Which is Better

CPA VS. CFA:...

Earning a CFA (Chartered Financial Analyst) or CPA (Certified Public...

23 Jun 22

Read more

Revamp Your CPA/CMA Career Goals with Face-to-Face Classes

Revamp Your CPA/CMA...

It is true that the education system had been ravaged...

20 Jun 22

Read more

Test your Zeal for CFA

Test Your Zeal...

You might be wondering if the CFA course is worth...

14 Jun 22

Read more

A Handbook for Graduate Students

A Handbook for...

You've spent several years in college and even longer in...

14 Jun 22

Read more

Roadmap to becoming a US CMA

Roadmap to becoming...

A widespread misperception is that becoming a Certified Management Accountant...

10 Jun 22

Read more

Top Finance &...

Done with your B.com? Wondering what to do next? Looking...

8 Jun 22

Read more

New-age HR strategies to breathe life into your Hiring Experience

New-age HR strategies...

Talent acquisition is a beast to tame and to help...

6 Jun 22

Read more

Building a career...

How do you consider an accounting degree to be in...

2 Jun 22

Read more

CPA Freshers Annual CTC is now 10 Lakhs