What is the scope of CFA USA? Is it better than CIMA?


Are you a chartered accountant eyeing an international platform? Or just a student exploring possibilities of diverse professions? If the answer to any of these questions is yes, then you are at the right destination! In this post, we're going to discuss two of the most promising yet affordable options for commerce students to go within case they've decided their career in finance or accounting.




If you have a background in commerce or economics, these two courses would certainly not be unfamiliar to you. In a nutshell, both these courses are good choices if you're looking for options with lesser time duration, lower fees and easy availability of training institutes. Moreover, if you succeed, you will have a global reach towards companies and indeed an easy going and comfortable career.

So what are we waiting for? Let's dive into the subjects!

CFA USA:

CFA stands for Chartered Financial Analyst. This can be referred to as a professional certification, which is recognised globally. People who get through this might find new job profiles in their favour including Capital Market, Corporate Finance, Investment Banking, Equity Research and what not!

There are three stages which have to be cleared in order to showcase mastery over the tedious curriculum. The content that is covered in theses includes Real Estate, Fixed Income, Derivatives, Private Equity, etc.

If you pursue this course, you will be eligible for leading global recognition because of the CFAs legacy. Moreover, this course ensures better job prospects and priority to students in top investment firms and asset management. Not only this, through CFA, you might expose yourself to a variety of different roles in finance. You might have heard of an MBA Finance degree. We want to tell you that CFA is better than the former and it is also known to be more cost and time-effective.

Unlike any other programs, CFA can be a target of any fresh graduate that finds himself favourable for what is required here. Also, people working in investment industries and academicians may prepare for this course and draw possibilities of a great career in finance. Also, CFA USA trainings are easily available in cities like Bangalore.

CIMA:
CIMA abbreviates to Chartered Institute of Management Accountants. It is a popular and globally recognised qualification. People who qualify CIMA work in fields including Treasury Management, Risk Management, Financial Reporting, Corporate Finance, Project Finance, etc. Management Accountants are information analysts who work for sustainable businesses and advise fruitful strategies.

A person who qualifies this exposes his prospects to 4500 high profile companies around the world for business opportunities. Unlike other programs, this one is flexible and cost-effective as well. Moreover, CIMA qualifiers also get preferential immigration status due to its global collaboration with multiple countries. There are three stages to be cleared in this examination for availing the prospects of this management body.

Is CFA better than CIMA?

The answer to this query depends on where your interests lie. If you are interested in management, then CIMA is the right choice for you. But if you have a thing for finance-related jobs, then choosing CFA will be better.

Apart from this, a point to note is CIMA is a UK based certification and is only required in the Commonwealth Nations viz. the nations who have been a British territory at some point of time. But CFA is considered genuinely global as it's US-based and has partnerships all over the globe.

The pass rates of CFA are less, which states that this course is a little difficult to crack. But, there are some good CFA training centres in Bangalore out of which Hi-educare Academy is reviewed to be the best CFA training institute in Bangalore by students.

But a point of similarity is that both the courses demand the same sort of financial investment.

Now that you know what CFA and CIMA are all about, the decision is yours to make. All the very best!

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