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Old 03-11-2008, 11:13 AM   #1
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CFA vs Masters in Finance

Can anyone tell me the difference between CFA and Masters in Finance?
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Old 03-11-2008, 02:06 PM   #2
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Can anyone tell me the difference between CFA and Masters in Finance?
IF i am not wrong, CFA and Master in Finance is totally different.

CFA is a professional recognition whereas Master in Finance is a academic recognition.

If i'm not wrong again, there are serveral Master in Finance courses that states it's a course that can help students pass their CFA exams. (not saying that a Master in Finance is only for this purpose, it's just one of them)
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Old 03-11-2008, 07:34 PM   #3
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should compare with Master of science in applied finance

http://www.business.smu.edu.sg/maf/
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Old 16-11-2008, 12:48 PM   #4
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Old 23-11-2008, 05:13 AM   #5
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IF i am not wrong, CFA and Master in Finance is totally different.

CFA is a professional recognition whereas Master in Finance is a academic recognition.

If i'm not wrong again, there are serveral Master in Finance courses that states it's a course that can help students pass their CFA exams. (not saying that a Master in Finance is only for this purpose, it's just one of them)

Actually it's more like those programs tie up with CFAI such that the curriculum is very similar.

Eg. MSc Finance at London Business School
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Old 23-11-2008, 05:33 AM   #6
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Actually it's more like those programs tie up with CFAI such that the curriculum is very similar.

Eg. MSc Finance at London Business School
wah so early ar, whens ur next paper?

does that mean if we are taking up cfa, no pt in taking masters in finance?
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Old 24-11-2008, 03:57 AM   #7
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wah so early ar, whens ur next paper?

does that mean if we are taking up cfa, no pt in taking masters in finance?
IMO. Yes. Pointless.
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Old 24-11-2008, 05:33 AM   #8
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hmmm MIF from LBS vs MFE from Princeton vs a CFA.
seriously i wouldnt say it is pointless


in fact those masters may set u off to a much better career footing than a regular CFA chap.
but of cos that was the good ole days when banks actually hire instead of fire
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Old 24-11-2008, 07:14 AM   #9
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hmmm MIF from LBS vs MFE from Princeton vs a CFA.
seriously i wouldnt say it is pointless


in fact those masters may set u off to a much better career footing than a regular CFA chap.
but of cos that was the good ole days when banks actually hire instead of fire
your comparison is a bit extreme. The very fact that you're from Princeton or LBS alone would get u off to a better career footing than most regular CFA chaps. You don't even need their masters. It's like you're comparing pure Shark's fin to Beehoon. Even if you add crab to get crab beehoon, people would still choose the shark's fin.


But if we're talking about masters in finance like NUS/NTU/SMU, notice that one of their selling points is their candidate's ability to achieve high passing rates up to the CFA level 2 ONLY. Why pay 30k to study for the CFA when u can pay much less at Kaplan to study the same topics, and the same subjects? But if u just want either one of them, then Masters in Finance is better choice la. Much easier than CFA. They can't possibly fail you more than once or twice for a couple of modules when you're paying them 30k. Some of the profs in SMU teaching finance don't even have a finance degree. some of them are from statistics, engineering, and took the CFA. Some more CFA not cheap wor. Can cost you up to 10k to complete. Add on your 30k masters from NTU/SMU/NUS. Difficult to digest. But if you're rich, then just go ahead lah. more qualifications don't hurt.


I would think exceptions are for MFE degrees, because i think MFE is a bit different from CFA.

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Old 25-11-2008, 02:45 AM   #10
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well i was merely responding to your comment to K|muRa^84 that it is pointless to go LBS if u are taking a CFA


one give u a good professional cert, the other gives u a kick start to your career.

but I agree with you MFE differs significantly from CFA.
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Old 25-11-2008, 03:12 AM   #11
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well i was merely responding to your comment to K|muRa^84 that it is pointless to go LBS if u are taking a CFA


one give u a good professional cert, the other gives u a kick start to your career.

but I agree with you MFE differs significantly from CFA.
No lah, u misunderstood me. Wasn't referring to Kimura84's reply. I think Kimura just means the curriculum is deliberately structured to be similar.
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Old 25-11-2008, 03:28 AM   #12
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Ah ok. But you are correct in that the curriculum is the same. Same reason why people with a business degree take an MBA. Duplicate material but the main draw is the eventual exit opportunities most masters
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Old 25-11-2008, 07:00 AM   #13
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You can't get your CFA accreditation even if you've passed all the exams until you've worked some years in the industry whereas MoF you get it once you graduate. Anyways there's a lot of overlap between Finance courses and CFA exams depending on your choice of subjects so it's possible to study both at the same time (I have friends that did that).
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Old 25-11-2008, 06:30 PM   #14
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Ah ok. But you are correct in that the curriculum is the same. Same reason why people with a business degree take an MBA. Duplicate material but the main draw is the eventual exit opportunities most masters

True true

I think some MSc Finance programs are being created to earn a quick buck from the student. Eg. the new program by LSE. Minimal content but you pay the same price as the other more established programs. Definite red flag there!
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Old 09-09-2009, 04:38 AM   #15
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i have been thinking about this question for a very long time also. Should i start to pursue a CFA or a Masters in Finance. I have done a Bachelor Degree from Murdoch University in Finance. I'm thinking of upgrading myself in this area. Which do you guys suggest? According to what you guys say... CFA is better unless i go ivy league rite? (I dun think i can afford ivy league).
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