And distinguish between buyers and sellers. CFA focuses on the buyer.
Investment banks are sellers, so CFA is of little use.
The fund manager of a fund company or the analyst of a securities company belongs to the buyer, so it is useful to take CFA exam.
It depends on your career plan.
1. Domestic brokers-> IPO project-> Bao Dai is a must for certified public accountants.
2. Foreign investment banks-> Venture capital or PE->; Value investor, CFA+ industry experience
3. Foreign investment banks-> VC or PE-& gt；; Compliance, CPA+ IV.
Certified public accountant is the most useful thing for China to do finance. This "usefulness" means that for accounting firms and enterprises, senior accountants must have a CPA certificate. However, personally, ACCA is better than CPA in cultivating a financial officer's business ability, which can be seen from the examination of the two. CPA pays more attention to memory. You need a lot of rote learning if you want to pass the exam. Occasionally the examiner doesn't know how to draw a very obscure knowledge point in that corner of the book. In contrast, ACCA pays more attention to whether candidates can use knowledge flexibly, and the exam is based on cases. These differences are most obvious in the "strategy" examination of both sides. And if the subject wants to go abroad in the future, ACCA is still very valuable. However, compared with ACCA, CPA has fewer exam subjects and is cheaper. If you are a new financial subject, you can try to take CPA first, so that you can evaluate whether you like finance first.
However, if you want to work in finance, CFA is the most worthy of consideration. Although ACCA and CPA also have financial related contents, they are both accounting certificates. There are some students around me who are interested in the financial field taking CFA exams. I don't know much about this exam. I just heard that CFA is only 1, which is relatively easy, and then it is very difficult and the examination fee is very expensive. To make matters worse, like the abbreviation of China Football Association, it is sometimes misunderstood (I am dizzy). Moreover, the subject is only a sophomore, and it seems that he is not qualified to register (and he is not qualified to register for CPA, but there are many institutions in China to register on his behalf, such as Zhilian CPA, which can be registered as a freshman).
Therefore, we should first consider several issues:
1, why is engineering not suitable for you? Is it because of boredom? Accounting and finance may not be very interesting. The exciting fights on Wall Street don't necessarily happen around you, and you may miss the simple and relaxed life after it happens. Besides, accounting is actually very boring. Not everyone has a chance to become a CFO. Young people don't work hard, and the boss is an accountant.
2. Does the subject want to engage in accounting or finance? If you want to work in accounting, you must learn ACCA and CPA. By the way, now the competition between CIMA and ACCA is in full swing around the world, and the subject can check the information and compare it. CFA is the first choice if the subject wants to engage in finance. If you want to take the CPA exam, you can pay more attention to many CPA exam forums.