who makes more money or has better opportunities in todays job market...doesnt have to be investment banking.....thanks
CPA vs. CFA Careers
When deciding between these certifications - our users believe that the CFA will be the more valuable certification in the finance field unless you are particularly pursuing an accounting career. However, our users did highlight that comparing the two certifications is like comparing apples and oranges.
Comparing apples to oranges in a sense. One works in a finance role, and the other in an accounting role. In relation to pay, CFA's, on average, tend to make more than CPA's.
Both look really good next to your name. Both will help you in ANY finance job. Both...but CFA probably wins by a nose based on highest pay:
- Both are about equal in i-banking
- In investment Management (and Sales/Trading), a CFA is REALLY good looking and a CPA is just a feather in your cap - not a deciding factor for the hire/no-hire decision.
- Obviously in an accounting job the reverse is true.
So all in all, since finance jobs pay the most, a CFA will be the best option.
User @goldson23 explained a negative view of the CPA:
CPA's don't mean shit, nearly everyone has them these days. CFA is the one to get as it is not as common and especially if you go on the buy side it looks great. But CPA opens doors to auditing, hahaha so if you are looking for that big 50k salary with that 2k end of year bonus go for the CPA
What Careers Does the CFA Prepare You For?
The CFA website offers this graphic of the careers that the CFA prepares you for. The CFA is most desired in the asset management and sales and trading fields.
Careers with the Certified Public Accountant Certification
Our users shared that the CPA can be useful and attractive in traditional Wall Street careers, but it will not be a deciding factor for investment banking, sales and trading, or asset management positions. Instead, the CPA certification will be a deciding factor in a variety of accounting based jobs, particularly auditing.
Read More About the CFA and CPA on WSO
- 7 Reasons For You To Consider The CFA Charter
- What Is Distinction Is Better - CFA, MBA, Or CAIA?
- Top 10 Rankings: Useful Designations
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