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If you are contemplating on a professional qualification in the accounting and finance industry, there are quite a few to choose from. For those interested or already working in finance and investment, the natural choice is Chartered Financial Analyst (CFA) designation. But how about CPA? Afterall it is, arguably, the most prestigious and most versatile designation for all accountants.

We go through the benefits of getting a CPA vs CFA in the video. In summary, for most people, CPA is the most sought after qualification because it is the most well known, and also is applicable to all accounting jobs you may take later in your career. The CPA also gives you statutory rights to sign audit report, and as an external auditor, this is a musthave as you promote beyond the manager level.

The benefit of CFA is that it is the most relevant qualification in finance and investment. For those aspire to become fund managers and securities analysts, this title is almost a musthave.

In terms of fees, CFA and CPA cost about the same. This is especially the case when taken into account the review materials. In terms of maintaining the qualification, the cost should be similar.
There are some difference in terms of how to get qualified, and how one can benefit from either of the qualifications down the road. Please refer to the video for details.

If you have any questions on the topic of CFA or CPA, or any other queries on the exam itself, please drop a note in the comment section. All the best to your career!