MS in Accounting and Fundamental Analysis - Columbia Business School

Hello All,

I am an Undergrad from India (Econ major with Math minor) who aims to learn the ropes of the hedge fund industry in the US. I applied to many Financial Engineering programs (NYU, Columbia, etc.) but have been rejected by them all.

I have a very good chance of being admitted to Columbia Business School's MSAFA (Masters in Accounting and Fundamental Analysis) program. However, I have a few reservations about the same. They are as follows:

1. The MSAFA program is barely two years old. Does it hold a good reputation in the finance world, given that it is run by CBS.
2. Upon graduating from the program, what kind of roles can I get in the Investment Banking industry/Hedge Fund industry?
3. One major worry that I have is the fact that I will not be able to differentiate myself from a CFA holder if I do the program. Hence, is it worth paying so highly for the program?
4. Most of the graduates from the program seem to go back to Hong Kong/Singapore for a job. Is the job market in such a bad state in the finance world in the USA?

I would be really grateful if someone can help me out here.