CFA® vs MBA track if you are already a CFO

Before I got dinged for starting a new thread on MBA vs CFA® , I'd like to hear your opinion on my personalized situation.

I'm currently 35 years old and working as a CFO for an energy company in the US, making around $200K/year. Prior to becoming a CFO, I mostly spent my time in financial services at big 4 (yes, I'm a CPA). I do have a side hustle whereby I founded a construction company with a friend (an engineer) a couple years ago (I manage the finances). It hasn't made much money yet, but it does have potential. And I dont spend much time on it too (maybe 2-3 hours/week).

I come from an Asian background and would like to return to Asia at one point. Also, I'd like to have a switch in the industry I'm working at (targeting to be CFO of start-up tech co). Unfortunately, given my background, I've been pigeonholed as that "accountant" with expertise on SEC financial statements (and US GAAP in particular) and have been rejected at cfo jobs that need more IB background. I also graduated only from so-so college with summa cum laude, and I've been blessed and worked very hard to be where I'm at today.

Now, having said all those, which route would give me a better option: MBA or CFA® ? I'm thinking about applying to INSEAD (maybe INSEAD in Asia since living costs is cheaper than Europe) for 10 months. Costs are probably about $100K tuition, and around $15K living. Another option would be Columbia U, but that will take 2 years & higher tuition fees, so higher opportunity costs. Another route will be taking CFA® , I think I can finish this in 2.5 years (I finished my CPA exams in 6 months while working full time at my old accounting firm).

Thoughts anyone? And thanks in advance.

 
Most Helpful

CFA® is for hedge funds, portfolio management industry as a whole and equity research. I think the MBA is much more useful for CFO positions from a reputable school in the US. There are like thousands of low level financial analysts in India and China who take the CFA® in hopes of becoming a CFO/Investment Banker. Given your background you will be pigeonholed as that "accountant who has a CFA® " especially given where you come from. Its fucked up, but the truth. I think re-branding at an M7 would change your world. I totally believe in the CFA® though and will be taking it myself but only bc im interested in the PM world. Good luck and take my advice with a grain of salt because Im only just beginning my career!

 

Iusto aliquid architecto dolor et nulla id qui quaerat. Cum vel ipsum doloremque ab hic voluptatem. Et minima voluptatibus optio. Delectus ratione quis exercitationem at.

Impedit voluptatem doloremque eos earum error. Et voluptas qui perferendis dolorum. Sint iusto aliquid saepe laboriosam omnis ratione. Non et quae totam consequuntur. Vel maiores fugiat est qui qui voluptas autem. Laudantium laudantium provident voluptates explicabo.

Sit tenetur rerum est est. Dolorem ipsum similique repellat ut aut. Quia omnis voluptatem facere nam voluptas. Impedit id tempora quo neque voluptatum ab in.

Maiores libero omnis sed. Voluptas et et fugiat aperiam aut. Non repudiandae sapiente tempore iusto. Sunt atque ipsum aut nisi molestiae sapiente rerum. Perspiciatis aut quidem veritatis accusantium.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”