Confusion between CFAs ( ICFAI and CFAI ) fmade me to loose intrest in this course. I found one of the intresting and prestigious course CIIA from ACIIA, a swiss organization.Certified International Investment Analyst (CIIA) examinations, a financial analyst designation recognised mainly in Europe and Asia.
CIIA has currently over 50,000 finance professionals and an internationally recognised advanced finance designation, much sought after in Europe,
Australia and Asia. Its only other rival designation is the American CFA designation with over 60,000 charter holders and globally accepted.
world of professional vocational training—where governments’ influence is at its weakest, and consumer demand is most focused. The Chartered Financial Analyst (CFA) qualification is roughly equivalent to
a specialised postgraduate finance degree, including a mixture of economics, ethics, law and accountancy.
AT FIRST glance, it doesn’t look that hard to become a chartered financial analyst. If you have a first degree and $2,500 to spare you can sign up to the programme
run by the CFA Institute, an industry body based in America, do three exams and work for three years as an investment professional. There are no interviews,
entrance exams or aptitude tests.But there is a catch: the success rate is only 20%. Of those who sign on, 40% never show up for a single exam, while another 40%
fail an exam and don’t retake it successfully. This, says Bob Johnson, the programme’s managing director, is a natural consequence of the combination of rigorous
exams and low barriers to entry. He likens the CFA programme to an open golf tournament, which he prefers to the invitation-only kind, even though most of the
extra competitors will do poorly.It is much liked by employers in financial services. Whereas there are tens of thousands of finance degrees available around the
world, ranging from the excellent to the worthless, there is only one CFA, managed and examined by an American association of financial professionals, the CFA
Institute. It used to be just an American qualification but now it is recognized worldwide.
When my friend Ankit asked me about CFA, I wrote a mail to him about my confusion.I am putting that mail here so that So of my readers of blog can also know my view about that.
I wrote the mail to Ankit :-
I have all the material and one more think I will tell you its better you go for CIIA rather den CFA because of few reason I felt, You can cross verify this :-
1. CFA by CFAI US is a private body of professional and It doesn’t have any connection with universities or US Govt. although its very popular in industry and it demand is at peak
now but in India as You know ICFAI has started offering CFA in late 80’s and in Feb both ICFAI and CFAI went to the court may be you know this but I will explain it little. CFA is trade mark of CFAI US as they claim so delhi high court has given and direction to ICFAI to stop using name CFA until the trade mark for CFAI is approved ( because that is still pending in India ).ICFAI again filled a case against CFAI that it does not have any rights to offer a education in India with prior permission from UGC and AICTE so court has given a notice to CFAI. Here my point is the whole thing is in a dispute and if you have top use CFA degree in India so I don’t know what is going to happen.If you have to work in US den go for it no problem.
2. AS in India industry the weight both the CFA as same but in US ICFAI is nothing.But course wise and reputation wise CFAI CFA is more valuable.
3. CFAI lost its case in UK and now CFA is no more offer by it in UK.
Why I am suggesting you CIIA ( Certified International Investment Analyst ) because this course is offer by ACIIA, switzerland, which is world wide recognized and even taken as equivalent to PG Diploma by not only by Industries but also by universities.It is associated with all the regional body of most of the counties in Europe, asia,china,australia ( means almost whole world except US ).But its very tough as compared to CFA I guess that’s why not so much popular in India,Unlike CFA it has through exams with subjective kind of question not multiple.It has tow level of exam basically, one is National and other is international so you will be expertise in everything in international market.
Its my personal veiw check with some one who is already in the field or make your on research and analysis and come up with some solution.
I am sending you some links so that you can download videos and books for CFA.
Thanks & Regards
Yashvir S Chauhan
Again I wrote to him :-
Fouther more to omy mail I want to add the comparision of functioning and course of CIIA and CFA.
function of CIIA
1. Analysis & valuation of
2. Analysis & valuation of fixed
4. Analysis & valuation of
5. Portfolio management and
6. Ethics, law, taxation
7. Accounting and Financial
8. Corporate finance
and of CFA
1. financial statement analysis
2. macro- and micro-economics
3. quantitative methods of investment analysis
4. Analysis of Equity Investments
5. Corporate finance
6. Analysis of Debt Investments
7. Analysis of Derivatives
8. Analysis of Alternative Investments
9. Portfolio Management including Risk
Management, Performance Measurement
and Global Investment Performance
10. The CFA INSTITUTE Code of Ethics and
Standards of Professional Conduct with
practical applications from an ethical,
organizational and compliance perspective
So Let sdecide anytning by knowing what you need
Thanks & Regards
Yashvir S Chauhan
I don’t know what I am going to choose amongs these 3 but one thing for sure….I will not take any decision in hurry…for time being I am just giving exam for
Postgraduate Diploma in Financial advicing that altogther diffrent then bothe of these courses and offer by Indian Institute of Banking and Finance.