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 :-
Hi 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.
http://rapidshare.com/files/18719522/L1-2007_Book_1.pdf
http://rapidshare.com/files/18719068/L1-2007_Book_2.pdf
http://rapidshare.com/files/18719246/L1-2007_Book_3.pdf
http://rapidshare.com/files/18719041/L1-2007_Book_4.pdf
http://rapidshare.com/files/18719288/L1-2007_Book_5.pdf
http://rapidshare.com/files/18718925/L1-2007_Book_6.pdf
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
equity
2. Analysis & valuation of fixed
income
3. Economics
4. Analysis & valuation of
derivatives
5. Portfolio management and
Performance Measurement
and Attribution
6. Ethics, law, taxation
7. Accounting and Financial
Statements Analysis
8. Corporate finance
and of CFA
1. financial statement analysis
2. macro- and micro-economics
3. quantitative methods of investment analysis
and management,
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
StandardsTM (GIPS)TM
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.
Hi,
read this post as i am planning to take CFA thru ICFAI. i also noted that ICFAI’s MS in finance includes the fee for the CIIA international level and that if we complete MS in finance successfully then the National level of CIIA is waived off. so what have you planned to do?
Right now, I am in confused state but inclined towards MS in Finance from ICFAI.In industry knowledge matters a lot rather den from where you have your CFA.
hey yash,
This is great information. I have not yet decided with CFA to take however, your links to books has helped me a lot to understand the course structure. Can you provide more links for the material of CFA. and a prospectus of US CFA if you have it handy.
Preeti
hi,
this is darshana ..i am doing cfa from icfai..Right now i am in confusion… according to the new provision brought by icfai that one who has passed alfa, beta, gamma & delta group can take international exam of ciia…so what should i do ..complete ms(finance) or do ciia???? please guide me….
I did my CIIA in the year 2005 and trust me this qualification is of absolutely no value.
Currently I am in Hong Kong pursuing my MBA, and HK is amongst places where this qualification is supposed to be recognised. After having met a lot of Head Hunters and Industry Professionals in the region, I have come to the conclusion that one should avoid this course like PLAGUE.
Only finance courses worth doing are CFA and CIIA. If you want to do full time Finance course, I would recommend to go for LBS Masters in Finance program.
Cheers.
Hi this is Baran,
thank you for the information you gave. I have a problem with finding Video series for the CFA Exam Level 2 in rapidshare. Do you have any idea about how I can get these videos (16 CDs)? (Torrent files are either so slow or not working.) (You wrote above “I am sending you some links so that you can download videos and books for CFA”, there are some links for books but I couldn’t see the rest.)
Thanks again.
Hey I got a very good link on CFA L1 guys…..Its a jackpot !!!!!! go and check it out…..Dam sure u will love it…..
http://rapidshare.com/users/Z7TONQ
Everything u need on cfa l1 is available…..huge materials involving videos notes test papers and what not……I have downloaded then….its really helpful….
Primetech Software (India) provides services/products such as Website Development, Website Promotions,Customised Software Development,E-commerce Solutions, Software Consultancy, Standard Software Reselling and services etc.
Thank you guys, iam just curious to get a good job after my icfai CFA….can i use this certification CFA in uk….
what is market value of CIIA?
If anybody is doing CIIA pls do reply…
what is market value of CIIA?
If anybody is doing CIIA pls do reply…
hi all,
i wanted to ask sumeet soni that he mentioned that CIIA is not worth doing and then he said ….. only finance course worth is CFA and CIIA.. plz can u clarify…
WHAT SUMEET POSTED
I did my CIIA in the year 2005 and trust me this qualification is of absolutely no value.
Currently I am in Hong Kong pursuing my MBA, and HK is amongst places where this qualification is supposed to be recognised. After having met a lot of Head Hunters and Industry Professionals in the region, I have come to the conclusion that one should avoid this course like PLAGUE.
Only finance courses worth doing are CFA and CIIA. If you want to do full time Finance course, I would recommend to go for LBS Masters in Finance program.
Cheers.
I am into IT consulting for Banking and Finance domains for almost 7yrs now. I thought that doing an MS [Banking] from ICFAI and PMP from PMI should help me transition from my current role of development and coordinating to consulting and managing. Also what are the other options I have to branch out into the Banking Industry (preferably middle management level) any thoughts.
I am planning to do CFA but was confused from where. ICFAI of CFAI. It seems that doing it from CFAI US is the best option.
ONly thing that bothers me is that there has to be 4 years experience in investment profession apart from clearing all the papers to earn the CFA title.
I am an IT professional extremely passionate to enter into finance and investment banking. Have 4.5 years experience in IT and Java development.
Is it that after clearing level 3 exams, will I be able to get a good job in Finance? any suggestions please?
Thanks,
Raghuvansh.
What the hell is oing on yaar… will somebody give a clear icture of how good CIIA is…
One word …. YES or No
I want to join CFA+MBA but i am in confusion from where i pursue the course which is the best option ICFAI or any other institute and kindly telll me what is the career scope after pursuing these DUAL degree programme.
Go for the CIIA – it´s much more difficult and you will learn more. CFA is old fashioned and still US focused. Sure the CIIA will be harder to do because of the higher level, but your reward will be better.
Hi All!
Going for CIIA is definetly a good bet by any means, as it has a perfect blend of an integrated financial market dynamics, which is expected in todays ever changing scenario.
Dont worry for its recognition and acceptability. Only u pass the exam, and leave the rest for ur CIIA as it would do all of ur desire.
Thnx!
i had done with MS(FINANCE) & i just want to know whether it is worthful to go for CIIA?
Hi Guys,
As i was also one of the many people confused between CFA and CIIA, i cam to this discussion forum. But after going through all the posts, and after reading sumeet’s post as mentioned above, i think most of us are still perplexed as to which on would be a better bet CFA or CIIA if one wants to make a career in the Capital market (Fund manager)?
Sumeet Soni, it would be nice if you could reaffirm what you said, as pointed out by Charm above.
Hi Everybody,
I am pursuing doing MS(Finance) from ICFAI unversity. Currently, they had stopped providing the MS(Finance) program as a part of Distance learning.
Believe me that the course content (especially the groups delta and Kappa) is good but it lacks knowledge about the various exotic financial products like CDS, MDS or IRS etc.
Also the ICFAI has change the compostion(contents) of the CFA (made it easier and so less valuable) so I request everybody don’t go for the current Indian CFA. The current CFA syllabus doesn’t contains the knowlegde of the International finance, Finacial risk management , Investment banking and Fiancial Services, which used to be part of the MS(finance) and CFA program earlier.
I would like to state a fact that always it has been seen that US CFA is given priority to any qualification in the MNCs. This is my experience.
I don’t know much about the CIIA qualification but the US CFA seems to be excellent for the job in India atleast.
Yash, Please mail Sumeet Soni (if possible) and ask for the clarification because I am confused by what he said.
I would like to ask Satyajeet and Stefan can they elobrate on CIIA as far as job prospects is concerned.
Thus, the Conclusion (my opinion)
US CFA — Excellent, go ahead but the fees is major hurdle.
( Fees about Rs 50000 per level addn examination sitting fees there are three levels)
Indian CFA — Don’t do.
Swiz CIIA — Can’t say.
Thanks (for reading this passage).
HI! All
I went through the entire blog & the confusion still remains on which one is better US CFA or Swiss CIIA.
How is the job market for CIIA professionals??
I have been reading the different point of views for some time on this blog regarding which course is better. I personally think, more important than the qualification is the interpretation of the knowledge you possess. Some of the largets so called “professionally managed” fund management investment banks have crumbled and m sure all the senior guys were very highly qualified.
Just do some research on course content and take up a course that suits you and try to gain knowledge not a certificate.
CIIA is a new course, but even CFA – US and ICFAI were new once upon a time. A degree is recognized in the industry when individuals holding them make a difference
All the best guys with whatever you decide and I think this platform could be used for more constructive purposes
Hi All,
Right now I am working as an MIS officer in SMC Global, New Delhi and want to build a career in finance.But I don’t know “HOW???”. Here I knew about CFA, CIIA and got confused. Can any body guide me in this regard. Recently I came to know about CFP but not at most that I can start pursuing it. I am realy seeking help from u guys.
I can pursuing any course only through Distance Mode.As I am in a backend job, getting very low salary.
dear all,
I recently appearing for delta group of MS finance from ICFAI university i need previous question papers asap pls send papers of security analysis & portfolio management on my email id
thanks & regards
Abhijeet mohite
9657849002
Hi,
Its very good to know all this information regarding CFA and CIIA, can anyone help me on various type of finance courses which is recognized worldwide and which one (CFA and CIIA) is good for future.
Guys
Can any one help me out where can I get materials
i suppose ciia has good value in european financial industry and uk…can someone please guide me to the success rates in exams…though im pursuing ciia, i find it extremely hard 2 crack… also, i want 2 know if anyone has found ciia (with work exp) useful in getting a job abroad.. thnks
i suppose ciia has good value in european financial industry and uk…can someone please guide me to the success rates in exams…though im pursuing ciia, i find it extremely hard 2 crack… also, i want 2 know if anyone has found ciia (with work exp) useful in getting a job abroad.. thnks..goki20@gmail.com
what Sumeet Soni meant was CAIA – Chartered Alternative Investment Analyst … this is another popular certifcation in US
hi guys thanks for the information…just wanted to know if CFA program from ICFAI is valid or accepted in Hong Kong or Singapore…They say it is valid across some countries apart from India…is there a way to find the list on net. I couldn’t get much information on the website either…plz let me know if anyone has an idea about it
Regards,
Alekha
dear,
i recently done MBA finance, now which one is best between CFA and CIIA, kindly tell me the market value of the best one?
hi i am dipak.i have confusion about to do CFA USA or CIIA
hi
I’m an ACA finalist and would like to persue career in investment management
could anybody clarify me on differece in sense of jobs between CFA and ACIIA.
your positive will be appreciated.
The first International I heard about was CFA from CFAI. Later from my friends I came to know about CAIA, FRM, CIMA & CIIA. CAIA & FRM are more specific, so they wont be competing with CFA. CIMA is about accounting, so keep is apart. The only qualification that competes CFA is CIIA. Difference is former is American one & latter is European one. When we talk about Financial market/Investments US name comes on the Top. So CFA will be much more credible than CIIA. CFA is also much more popular & almost all analyst used to know is off. Secondly CFA is much much more older than CIIA having experience since 1960s, while CIIA is since 2000 only. So CFA is much matured & developed.
thnks dilsad..u sd it rite…bt da only q stil being in india which 1 will be more better..m holding a CA degree as of nw
hi…do MIFA course of ICFAI tripura also gives CFA degree,,,or it just only gives mifa degree???what package should i expect after completing MIFA of icfai ,,,i am a fresh bachlor in B.com,,
Hi everyone
US finance has just got collapsed as you can see. The US model seems not able to be sustained anymore. It has to be modified. The alternative is European and Asian model which rather ristricts the finance within its original purpose.
With this context, CIIA would be much more focused if further manipulations are done. Just becase it is not involved with US. Politics makes recognition and fame not its intrinsic value…
I’m keen on the styles! Site Info
The on the cyberspace immediate payment advance grocery has Experienced mass who want instant Admission to any deposits you make as good
as have any opportunity to freeze your News report if you
do not pay. paydaylendersfox.co.uk It had used “fraudulent and oppressive” data on Driving permit, camber inside information etc.
Not only does mortgage refinancing lower your payments but it gives you an opportunity to improve
your credit rating by paying off a payment loan quick loans Credit
scores matter when it comes to obtaining your payday
loan okayed
The attractive element of this program is that it doesn’t involve any type of paperwork and other extensive processes short term loans The purpose of payday loans is only to get any particular one bill paid for, so they can recover
But before getting you should do a full and precise market questionnaire of the various possibilities like the home interest rates they offer, the actual pre-payment charges
that they levy, fine print http://www.quickloansjellyfish.
co.uk/ That loan is definitely sanctioned without participation associated with collateral from
a high rate of desire
I went through this blog and found interesting, no doubt future finance professionals are worried for selection in between CFA us and CIIA to be seen as future fund manager or investment analyst.
i would like to code my personal experience when i was in Holland in 2011, and i contacted to Dutch Investment Society (The regulatory body of licensing investment professionals) which i found from ACIIA website..The regulatory body totally refused to accept that they are in any Mutual Understanding MOU
with CIIA..After this i contacted to CIIA and they asked the be specific and give us the name to people at Dutch Regulatory Office who unacknowledged us..
nothing happened after that.then i contacted to Belgium academic institute who prepares student for CIIA exams….that academy is private institute have no govt authority neither its qualifications are eligible for licensing from Belgium Securities Commission.
I would like point out some important notions that european financial societies as mentioned by CIIA website are some sort of privately funded by some investment professionals and brokers and are not authorized to give practicing Incense in Securities market.
A true fact that every european country have their own laws in secruities market and they their is no common qualification framwork for recognition of other european qualification,
So i would request to who is want to go for CIIA please be sure about its recognition and job market,
Awaiting for kind response for further discussion
Hello Sir,
My name is Abhijeet and I am also interested in ACIIA I am currently working in ICICI and I am very much interested to persue it. But I am not finding the way so that I can proceed further.
Do I need to go in Switzerland for study in this course.
Good information. Lucky me I ran across your website by accident (stumbleupon).
I have saved as a favorite for later!
[…] CFA Vs CIIA | Dastaan-e-zindagi ko humne kuch yu … – Apr 05, 2007 · Hi this is Baran, thank you for the information you gave. I have a problem with finding Video series for the CFA Exam Level 2 in rapidshare. Do you have …… […]
[…] CFA Vs CIIA | Dastaan-e-zindagi ko humne kuch yu … – Apr 05, 2007 · Hi this is Baran, thank you for the information you gave. I have a problem with finding Video series for the CFA Exam Level 2 in rapidshare. Do you have …… […]
[…] CFA Vs CIIA | Dastaan-e-zindagi ko humne kuch yu … – Apr 05, 2007 · Hi, read this post as i am planning to take CFA thru ICFAI. i also noted that ICFAI’s MS in finance includes the fee for the CIIA international level and …… […]
Быстрый путь :
https://www.youtube.com/watch?v=3jSy5rhqumI