The content of CFA is more relevant to investment banks. CPA's background materials for analyzing financial markets are much weaker than CFA's, so CFA is undoubtedly the first choice to show its talents in the fields of finance and investment.
Certified public accountants are mainly tailored for the accounting and auditing industry, especially for the four major accounting firms, and certified public accountants are almost one of the necessary stepping stones. The analysis of financial statements in CPA examination is very important for the financial industry, especially for investment banking, and talents with this skill are also urgently needed and favored by investment banks.
But this knowledge is also included in CFA Level 1 and Level 2, and its breadth and depth are enough for ordinary financial practitioners.
If I have the ability, I suggest CPA+CFA, both of which should be tested. Everyone can benefit a lot and feel that they have really learned something. Of course, the original version, examples and methodology of CFA textbooks are the most essential contents of CFA, which can never be learned in school.
Career development direction of CFA
1, an analyst in an investment bank.
Investment bank analysts are mainly responsible for data analysis and industry research. It also involves preliminary models such as mergermodel and DCF.
After getting cfa certificate, you can be promoted quickly and become an assistant manager (deputy manager) two years later.
2. Be promoted to assistant (deputy manager)
Cfa holders often get more promotion opportunities in a short time. For example, you can be promoted from a grass-roots analyst to an associate (deputy manager). This position is mainly about analysis and needs to be responsible for more complex modeling.
3. As a fund manager.
After obtaining cfa certificate, I am qualified to be a fund manager. It has broad development prospects. Mainly responsible for fund management, operation and listing monitoring and other related work. There is also a great demand for such talents in China.
The employment development direction of certified public accountants
The employment development direction of certified public accountants is mainly engaged in these aspects, such as auditors, banks, securities, consulting, education and so on.
The following are the common career development directions of certified public accountants:
1, audit
The so-called audit is to audit all kinds of enterprises and accounting firms, such as the Big Four. If you can enter the company through the interview of the Big Four, then the future is bright and the salary of the Big Four is also very rich. After two years of audit experience, you can declare as a certified public accountant, and your income will be more considerable. Even if you don't stay in the Big Four, you don't have to worry about your ability and salary if you quit to do internal audit in other enterprises.
Step 2 consult
If you have a CPA certificate and don't want to do an audit, then consulting is the second choice. Listing consulting service is also a hot potato, as long as you are willing to work hard, you can basically make a lot of money. Or do agency bookkeeping, the business model is simple and the income is high.
Step 3 do business
In addition to the above two development directions, you can also go to brokers, investment banks and accounting firms to do business. If you do business, you don't need to sign a contract, and of course you can't get the signing fee. The above important premise is that you should have a CPA certificate as a stepping stone, so that your career development direction can be broader.
4. Do taxes
With CPA certificate, you are not afraid of no way out. If you are good at or interested in tax law, you can choose to do tax planning, enterprise planning and mergers and acquisitions. A successful merger will double your value.
5. Conduct training courses
If you don't want a constrained job, start your own business. It's also a good choice to open a training class for certified public accountants. Not only has he cultivated a pillar talent for the country, but he has also realized his own life value, fame and fortune.
6. Become a professor or scholar
Accustomed to school life and eager to go back to campus and become a teacher, CPA certificate can still play a great role in job hunting. Even if you can't get a teacher qualification certificate, there are still many training institutions to choose from. Teaching is a good choice as long as you have your own goals and a lot of accounting knowledge.