|Author||Topic: Is taking the CFA worth it?|
|CFA is one of the most globally recognized qualifications in Finance. But there's always a debate around the fact whether having a CFA charter is worth all the effort or not. Well, the fact that it requires a certain dedication and discipline, makes it worth a pursuit. There are many benefits of CFA and some of them I've listed below for you:
Moving abroad: If you are planning to move to a foreign country, for example Europe, then having a CFA charter helps a lot. Because of the global recognition of the charter, you automatically gain eligibility to work at the finance and accounts industries all around the world.
Many more profile options: When it comes to accounting and finance, people feel limited in terms of career options. Whereas a CFA charter opens doors to a diverse list of work profiles such as Portfolio Manager, Research Analyst, Corporate Financial Analyst, Financial Advisor, Relationship Managers, Risk Manager, Investment Banking Analyst, Strategist, Trader, Broker. Performance Measurement Specialist, Private Banker and more.
Detailed knowledge: The CFA qualification requires you to clear three levels of exams viz. CFA Level 1, CFA Level 2, CFA Level 3, throughout which you read and acquire knowledge that you otherwise would take years to gain as a professional. The syllabus obviously helps you identify your academic prowess and if nothing else, just the preparation will give you insight on practical aspects of finance and accounts industries worldwide. You'll grow as a person, intellectually.
CFA has its huge set of benefits, but you must know that it is mostly about equipping yourself with the correct skills in order to become a global asset for your industry. Because a degree or a charter is only a part of a person, which makes him qualified on paper, but it takes more than just qualification to get a job and an identity. The words you are looking for here are networking and interviewing skills. If you do not have these soft skills, you may need professional guidance.
The worth of CFA depends on how you perceive the efforts you put in for an examination. If you value the things you learn in the process then you'll definitely find worth in the CFA course.