Should You do CFA or MBA (finance) after Graduation?

If you are confused about what to do after graduation, CFA or MBA in Finance, here are a few things you need to know before you make a decision . An MBA in Financial Management is the study of management, control, collection and investment of money. CFA, on the other hand, includes an in-depth study of money and is mainly offered to investment or finance graduates.

CFA is a graduate level course which focuses on the concept of self study for three sets of exams which are conducted by the CFA institute. However, during an MBA course in Finance, you will be taught the foundational disciplines in business. Some of the topics in focus are marketing, strategic planning, and operations management among others. 

The key difference between the two courses is that while doing an MBA in Financial Management, not only will you be taught about the financial aspects of the subject but your leadership skills and communication skills will also be refined for the corporate world which does not happen when you pursue CFA.

When you look at the job prospects available after doing your CFA or Financial Management MBA, it must be noted that after doing your CFA your options are a little limited. However, with an MBA degree in Finance, you have many job prospects available. Not only do you have flexible career options, but also the job options available to CFA certified individuals. When you pursue an MBA, you also have plenty of networking opportunities that help you in building connections and advancing your career. 

With a CFA the job options available to you are those of an Equity Research Analyst, Financial Analyst, Credit Analyst, Senior Financial Analyst, Equity Research Associate, Corporate Financial Analyst, Accountant or Auditor, Consultant,and Credit Analyst. With a Finance MBA you can pursue a career as Accounting Managers, Cash Managers, Manager Consultants, Credit Managers & Specialists, Corporate Controllers, Finance Officers & Treasurers, Insurance & Risk Managers, Investment Bankers and others. 

If we consider the growth factor for individuals, an MBA is better than CFA because it is more adaptive in nature. It offers you the scope to work in fields other than your area of specialization. The salary of an MBA graduate is also higher than the salary of someone who has done their CFA. 

Therefore, we can say that if you want to have a flexible career in the finance sector, then you should take up an MBA in Financial Management after your graduation. If you wish to do your MBA in Kolkata, then there are some MBA colleges where you can pursue your degree in Financial Management. However, one of the best MBA colleges in Kolkata is Bengal Institute of Business Studies (BIBS), where we aim to equip our students with all the necessary skills that are required in modern-day banking and by financial institutions.

The program for MBA in Financial Management also has 6 Indian Regulatory Certifications embedded in it which are required if you want to work in some of the best financial firms in India. 

We also have a confirmed apprenticeship for students after the completion of 11 months of training in some of the leading companies in the finance industry. Our students also receive live learning where they are trained in real time situations by finance experts. BIBS also has an active placement cell through which we have had over 400+ companies visit our college for recruitment.