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Which Finance Certifications Course Is The Best? Chartered Financial Analyst (CFA) certification. Certified Public Accountant (CPA) certification. Financial Modeling & Valuation Analyst (FMVA) certification. Chartered Alternative Investment Analyst (CAIA) designation. Certified Financial Planner (CFP) designation.
In the U.S., CFA charterholders vary in the range of $56,500 and $120,500 per annum, with an average salary of $95,494. On the other hand, the salary of CFPs varies in the range of $62,500 and $94,500 per annum, with an average salary of $83,123.
Choose Your Path to Certification Earn 4-Year Degree. A bachelor's degree in any discipline is required.Complete CFP® certification coursework.Pass CFP® Exam.Accumulate experience.Meet Ethics Requirement.Earn CFP® Certification.
While there is some overlap between the two credentials, they have different focus areas. A CFP® professional focuses on helping individuals with their personal investments, whereas a CFA charter holder generally specializes in selecting investments for institutional investors.
Financial certifications are signifiers of expertise in a certain aspect of the financial industry. Advisors seeking a certification typically need to complete hours of coursework and then pass an exam. They also need to abide by professional ethics standards in most cases.
If you are someone more inclined towards personal financial planning and helping individuals and families achieve their financial goals, CFP might be the one for you. The CFA designation is held in high regard in the finance industry and can lead to a variety of job opportunities and career paths.
Overall, the CFP program is shorter and less rigorous than the CFA program. If you think this could be the program for you, you can learn more about CFP certification requirements here.
If you intend to build a career in the financial domain of accounting, then CPA is a better credential for you. On the other hand, if you are interested in portfolio management or corporate finance, CFA suits you better.