CFA: Mainly focus on securities, funds, asset management and other industries, and learn the basic theoretical knowledge of investment or investment consulting.
CPA: First, it is mainly used in the CPA industry; At the same time, due to the importance of financial accounting knowledge, only investment banks pay more attention to securities companies.
Comparison between CFA and CPA
Chartered Financial Analyst
The full name of CFA is Chartered Financial Analyst.
(Chartered Certified Financial Analyst) is the most stringent qualification certification with the highest gold content in the global investment industry. Known as the first financial examination, it sets norms and standards for the global investment industry in terms of ethics, professional standards and knowledge system. Since the opening of 1962, CFA has set a global standard for investment knowledge, norms and ethics, and has been widely recognized and recognized. In 2006, Financial Times magazine compared CFA professional qualification to the "gold standard" of investment professionals.
Textual research crowd
Its examination focuses on the most advanced international financial theory and technology, including investment analysis, portfolio management, financial statement analysis, corporate finance, economics, investment performance evaluation and professional ethics. CFA qualification certificates are awarded to professionals in various investment fields, including fund managers, securities analysts, chief financial officers, investment consultants, investment bankers and traders.
Examination scope
CFA exam content is divided into three different levels, namely Level 1, Level 2 and Level 3. Examinations are held all over the world, and each candidate must complete three different levels of examinations in turn.
CFA qualification examination is conducted in English. Candidates should not only have financial knowledge, but also have good English reading ability. Successfully passing CFA course is an achievement, which can win the high respect of employers, investors and the whole investment community.
With the increasing number of CFA exam references, since 2003, the Investment Management and Research Association has increased the LevelI exam from once a year to twice a year. In addition to being held in 65,438+060 test sites around the world in May/June, it will be held again in 23 regions including Singapore and Hong Kong in 2003. Therefore, from 2003, LevelI candidates will have two opportunities to take the exam.
Chinese mainland has set up examination rooms in Beijing, Shanghai, Guangzhou and Hong Kong in June, and Beijing, Shanghai and Hong Kong in June and February. China candidates generally feel that the exam is very difficult and expensive, and it costs at least 20,000-30,000 RMB to complete all the exams.
The contents of the examination are: ① moral and professional standards; ② Financial accounting; ③ Quantitative techniques; 4 economics; ⑤ Analysis of fixed income securities; ⑥ Analysis of equity securities; ⑦ portfolio investment management.
CFA employment prospects
The world-renowned institutions that employ the most CFA staff include Merrill Lynch, Goldman Sachs, Morgan, Citigroup and PricewaterhouseCoopers. There is an urgent need for high-end financial talents: many companies clearly put forward that people with work experience and professional certificates (CPA, CFA, FRM) are preferred, especially foreign-funded institutions.
According to incomplete statistics, China will need150,000 professionals in the financial field every year in the next decade. At present, the employment prospects in China are very broad. The salary is between 50- 1 10,000.
At present, in China, the working people in the financial industry are basically in a few relatively narrow and limited markets such as banks, stocks and futures.
At present, CFA professionals who recruit the most serve world-famous financial institutions: Merrill Lynch, Citigroup, Morgan and so on. Compared with the financial industry in developed countries, with innovation and business expansion, it has penetrated into a very wide range of fields. Derivative products, fixed-income products, financial venture capital and PE-related fields all need a new generation of young people in China to expand.
At present, the general level of domestic financial institutions is not very high, and financial investment analysis is also very scarce, so many enterprises need to have professional certificates and relevant work experience when recruiting, especially foreign companies. According to incomplete statistics, China needs 6.5438+0.5 million talents in the financial field every year in the future, so Teacher Jin Cheng CFA predicts that the prospect of holding CFA certificate is very impressive, and the annual salary is about 300,000-500,000.
"I'm not sure whether to choose CFA or CPA.
Certified public accountant
Certified Public Accountant
Accountant) is the abbreviation of registered accountant. Refers to the employees who have obtained the certificate of certified public accountant according to law and are entrusted to engage in auditing, accounting consulting and accounting services.
Apply for qualification
China citizens with college education or above, or with intermediate or above technical titles in accounting and related majors, may apply for taking the national unified examination for certified public accountants; Persons with senior technical titles in accounting or related majors may be exempted from some subjects. Persons who have passed the national unified examination for certified public accountants and have been engaged in auditing for more than two years may apply for registration with the Institute of Certified Public Accountants of provinces, autonomous regions and municipalities directly under the Central Government.
Examination content
Since 2009, the CPA examination has been reformed. The CPA examination under the new system is divided into two stages.
The first stage is the professional stage, which requires passing six exams for five consecutive years.
The second stage is the comprehensive stage: it is required to pass the comprehensive vocational ability test within five consecutive years. Only by passing the two-stage exam can you get a general certificate. It can be seen that the requirements for certified public accountants are getting higher and higher now.
Certificate prospect
At present, the CPA qualification examination is the most difficult among all kinds of qualification examinations in China. Fortunately, you can pass the exam in five years. So now the gold content of certified public accountants is very high. Many large and medium-sized enterprises have positions such as chief accountant, financial manager, finance minister, chief financial officer, chief accountant, etc. These positions all need to hold a certified public accountant certificate. The salary of a certified public accountant starts at 5000-8000 yuan per month in economically underdeveloped areas, and is around 10000-20000 yuan in economically developed areas. If you set up an accounting firm in partnership, you will earn 1 million yuan a year. The prospect is bright, and so is the "money" scene!
Many people take the CPA exam because they can enter many units related to financial work after taking this certificate.
Maybe you don't have rich work experience after taking this certificate, but you must have the opportunity to work in a firm.
Of course, you can't just enter an accounting firm after taking the CPA exam. State-owned enterprises are the second choice for CPA candidates besides firms.
At present, the certificate of certified public accountant has almost become a necessary certificate for financial management of many large enterprises, and some state-owned enterprises have great demand for certified public accountants. Therefore, it is definitely a good choice to enter the state-owned enterprises after the betting meeting.