A: The CFA charter holders provide background and cover the fundamental of markets in terms of fund assets management. I think it is very critical to maintain the focus because it’s easy in volatile markets to sway from what is fundamental. So the CFA programme teaches one to be professional and think from a longer term perspective rather than being influenced by short term market movements.
Q: The MBA has always been the academic benchmark for business professionals in the world. Now CFA is also a highly-recognised professional qualification, which is equivalent to a MBA. In your opinion, what is better to have a MBA or CFA, or is it both?
A: Both qualifications are complementary. The CFA programme is concentrated in the field of finance and the investment evaluation processes. You will see a number of professional who are charter holders working in the areas of corporate finance, particularly in the treasury function and in capital budgeting. MBA provides you a broader base with a management background, which CFA does not cover. Marketing, management of people and organisational behaviour are some aspects that MBA programme covers which benefits individuals who are supervising people.
When you look at MBA vs. CFA, the way we look at it is both. It’s not one or the other. One has to look at in terms of what/where your future goes out. CFA programmed is designed for people who are in the investment management process. If you are going to be in that arena, CFA is what I recommend.