Why is the CFA salary higher than the MBA

CFA's courses are equivalent to self-paced assessments at the graduate level and are suitable for investment professionals, especially analysts, money managers and investment advisors. Obtaining a CFA charter is like obtaining a special "green card", which not only helps the cardholder enter the financial industry or improve the chances of promotion, but also creates conditions for him to work around the world.

There are too many MBAs in China, and now there is a surplus of MBA talents, and if it is not a good school, it is difficult to be competitive in the workplace. When looking for a job, some units even have an exclusion condition that does not accept MBA, just because what this MBA learns is too empty, but if you have a CFA, I'm afraid people will be impressed by your MBA. However, many of the world's well-known business schools in foreign MBAs are all CFA-certified partner universities, and 70% of the course content is CFA.

It is said that CFA + non-MBA income "MBA + non-CFA income. As you can see from the chart below, CFA but not MBA has revenue of 10,000 USD in the first 5 years, while MBA but not CFA has revenue of USD 10,000 in the first 5 years; In 10 years, the income gap will still be about the same.

Some say that CFA is the icing on the cake, that MBA is useful, or even that CPA is more useful than CFA, think about it. After "graduating" with the CFA title, in addition to engaging in traditional investment industries, such as **, **, insurance, analysts, bank financial planners, etc., they can also develop into private asset management. The statistics of the CFA Association show that:

In Europe and the United States, the salary of those who have obtained CFA titles is generally 20% higher than that of their peers.

According to online data, the comparison of CFA and MBA annual income (unit: USD): the average annual salary of Harvard MBA in the United States is 10,000, and the average annual salary of CFA in the United States is 10,000.

It ranges from 100,000 to one million, mainly depending on the individual's ability and position.

Depending on the nature of the employer, the salary of the holder will also be affected. CFA licensees employed by underwriters are generally $50,400 per year, trust companies are $77,438 per year, self-employed institutions and universities are $84,792 and $80,617 per year respectively, and non-profit organizations are generally employed by CFA holders at $90,690 per year.

The average annual income of China CFA holders is US$10,000.

Depending on the nature of the employer, the salary of the CFA holder is different, and depending on the nature of the employer, the salary of the holder will also be affected.

According to global standards, CFA licensees employed by underwriters generally earn $50,400 per year, trust companies earn $77,438 per year, self-employed institutions and universities earn $84,792 and $80,617 per year respectively, and non-profit organizations generally pay $90,690 per year for CFA holders.

In the U.S., the salary for CFA licensees employed by the local government is $76,041 per year, while the salary given by the federal government is $78,467 per year.

Those who have just graduated from school and hold a CFA certificate have an annual salary of about 20-30W in China.

Financial analysts with many years of experience have an annual salary of more than 50w.

China's current figure is about 10,000 US dollars, and the global average is about 10,000 US dollars.

about $190,000 in the United States; around $200,000 in the UK; Singapore is around US$10,000; about US$10,000 in Hong Kong; About 10,000 Canadian dollars. Among them, China is the region with a large number of CFA candidates, and there are currently more than 6,000 people who are qualified to apply for CFA certificates.

The differences between CFA and MBA are:

1. The training direction is different, the CFA program mainly cultivates investment-oriented professionals, and the MBA mainly cultivates management-oriented professionals.

2. The learning methods are different, CFA mainly relies on self-study, and MBA mainly learns through classes, and the learning time of the two is different.

3. The requirements for holding a certificate are different, CFA certificate requires 4 years of investment-related work experience, and MBA can get a degree certificate after graduation.

4. The cost is different, and the cost of MBA is dozens of times higher than that of CFA. Pin Zen.

How to choose CFA vs. MBA.

CFA is a good choice for those who want to work in investment management, but if you don't plan to pursue a career in investment management, investment banking, research or hedging, CFA is not for you.

For those who want to pursue a career in finance or marketing and learn new skills, an MBA is a great place to take the exam. Many investment banks and consulting firms are in demand for MBA talent, and having an MBA degree from a top college is a stepping stone into these firms.

What are the requirements for applying for CFA?

1. Education and work experience.

To register for the CFA exam, you need to have the corresponding academic qualifications or work experience, and the specific requirements are as follows:

Situation 1: If you have a four-year bachelor's degree or above, you can directly register for the CFA exam;

Scenario 2: If you are studying for an undergraduate degree, you need to apply 11 months before graduation;

Situation 3: If you are a person with a three-year college degree, you need to have another 1 year of full-time work experience;

Situation 4: If you are a two-year college graduate, you need to have another 2 years of full-time work experience;

Scenario 5: Persons without a tertiary degree or above are required to have 4 years of full-time work experience.

In the above five situations, as long as the candidate meets one of the requirements, he or she can register for the CFA exam.

2. Other requirements.

In addition to the above academic qualifications and work experience requirements, you also need to have:

1) Abide by the code of professional ethics;

2) Complete the registration and registration for the CFA exam, and have paid the registration fee for the CFA exam;

3) The CFA test adopts the form of propositions in English, and candidates are required to be able to take the test in English;

4) Have a valid passport for international travel, which has not expired within the validity period.

As of January 7, 2020, the real annual salary of China CFA is 1 million.

Employers and media around the world recognize CFA accreditation as a professional standard. With such widespread recognition, CFA charter holders enjoy a distinct competitive advantage in the international workplace.

CFA charter holders typically work for investment firms, reciprocal corporations, corporations, investment banks, etc., or become private wealth managers.