The CFA designation is given after passing three tough exams. The candidate should also have prerequisite work experience. The estimated cost of the course is not more than $5000 depending on the quantity of the study materials acquired. Chartered Financial Analyst course offers better financial jobs and professions related with finance. CFA certificate holds much more importance if the person is going for investment managers, fund money mangers and asset management professions. But, MBA courses offer better job prospects than CFA courses because MBA degree from a renowned business school offer specialization in many different areas. MBA courses do not bound to a specific sector or type of business or work, where as, CFA courses offer jobs only in financial sectors.
Masters degree in finance helps students to prepare for careers in financial analysis, corporate finance and investment management. The Chartered Financial Analyst designation is compared to Masters in Finance degree. Though CFA program covers topics related to portfolio management and investment analysis, some standard topics of finance are also covered in Masters in Finance course.
In order to study the course of CFA in finance, there is no need of prior experience required. But for MBA courses in finance, industry experience is of utmost importance and an experience of 2-5 years would definitely help the students in learning the course in a better way. MBA courses are designed to teach the students about business management and principles required in a workplace. The MBA courses helps in making them adapt to various situations and perform even in adverse situations. In a real business environment, at times, various complex situations arise and being an MBA graduate, the person will feel easy in tackling such situations and challenges.