Many people will ask: Which one is more popular, CFA or CFP?

Judging from the work situation of the certificate holders, more people in the high-end financial industry hold CFA certificates. CFA is considered a higher-level certificate and can reflect the candidates' investment professional abilities.

CFP is a relatively low-end certificate for financial managers and is suitable for financial consultants from securities companies and banks.

So, generally speaking, if your job is just to manage money for clients, then the CFP certificate is enough.

If you work in the research department of an investment bank or in investment analysis and research for a large global foreign-funded company, then the CFA certificate can be widely recognized and recognized by employers.

If you look at the job advertisements of large global companies such as Morgan Stanley, Goldman Sachs, JP Morgan, Fidelity Fund, and Capital Group, or have participated in interviews with them, you can understand their recognition of the CFA certificate.

However, the CFP certificate is generally suitable for financial advisors. Since CFP focuses more on the analysis and management of financial management, it is more relevant and suitable for financial advisors.

Judging from the difficulty and authority of the exam, the CFP certificate is easier to obtain than the CFA, so its authority is relatively compromised.

CFP only needs to pay a fee to participate in the training, and it is basically guaranteed to obtain the certificate. The training does not necessarily require offline training. Candidates can also only participate in online training to obtain it.

This exam model is similar to many current MBA courses. As long as you pay and participate in the training, you can get a certificate.

But CFP is easier. After all, it doesn’t have the entrance threshold of the National MBA Entrance Examination like MBA, but you can just pay the fee directly.

CFA does not require candidates to participate in training from designated training institutions. The exam is more difficult than CFP. You must pass three levels of exams, which generally takes three years to obtain the CFA certificate.

Moreover, the pass rate of the CFA exam is relatively low. Generally, the pass rate for the Level 1 and Level 2 exams is about 35%, and the pass rate for Level 3 is 50%. The proportion of candidates who can ultimately pass the three levels of exams and obtain a certificate is even lower.

The difficulty of the exam often determines the rarity of the qualification.

Similar to the CPA, the National Judicial Examination and the Sponsor Representative Examination, the passing rate is extremely low, so candidates who can eventually obtain the certificate are accordingly more popular.

Generally speaking, CFA is more popular in the high-end financial field, while CFP is more suitable in the mid- to low-end financial industry.