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Who gets more respect: CFA, CFP, or CPA?

I know its not apples to apples, but just curious what an unbiased financial vet would give more respect to?  Please don’t answer “it depends on the industry”, its not what I am getting at.  Obviously each has its place.   This is what I am asking:  If a navy seal and coast guardsman walk into a U.S. bar in uniform both would likely command a certain degree of respect.  Both had to go through physical and mental pain to carve specific skills, albeit different skills.  However, most would likely respect navy seals to a greater degree than coast guardsman (sorry, no disrespect!) because of the well publicized greater battle to become a navy seal and the more advanced skills learned and applied in the real world.  You dig?

There are those that say they can and those that say they can't and they are both usually right

CFA & CPA

'A flute with no holes, is not a flute. And a donut with no hole, is a danish'

The CPAs in my office look at the CFA material and it being one exam a year and say it seems rough. Who knows though

'A flute with no holes, is not a flute. And a donut with no hole, is a danish'

My guess is that CFA gets more respect in portfolio management.  CPA gets a fair amount of respect, particularly in fundamental analysis shops.  CFP gets the least respect, but that doesn’t mean it isn’t useful.

My sense is that CFA and CPA take similar levels of effort to pass (though CPA does have specific course reqirements aside from simply passing the exams, so CPA probably involves more work if you include that).  My guess is that CPA involves more memorization and rule application tasks, while CFA requires more synthesis of ideas across areas, but since I haven’t done a CPA myself, I am not sure.

You want a quote?  Haven’t I written enough already???

I don’t dig

If you’re talking about the average Joe’s level of respect, then it’d go like this:  CPA > CFP > CFA.

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plumbing degree

"You want a quote? Haven’t I written enough already???"

RIP

This is the dumbest question. You’re literally fishing for people to say CFA.

Ramos4rm, CFA, CAIA

CFA > CFP > realtor > CPA

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

itera wrote:
CFA > CFP > realtor > CPA

LOL

when I worked in big 4 a lot of people were like, “Oh you passed your CFA exams? I just got my CPA, probably going to go for that next.” Haven’t met a single person to follow through and pass 1 level after saying that. And most would trade designations in a second.

We’re gonna win so much, you may even get tired of winning. And you’ll say, 'Please, please. It’s too much winning. We can’t take it anymore. Mr. President, it’s too much.' And I’ll say, 'No, it isn’t!' We have to keep winning!

money, power, respect, its the key to life

hpracing007 wrote:

when I worked in big 4 a lot of people were like, “Oh you passed your CFA exams? I just got my CPA, probably going to go for that next.” Haven’t met a single person to follow through and pass 1 level after saying that. And most would trade designations in a second.

I’ve experienced the same thing in the corporate world. Very few CPAs ever end up passing all three.

“I can no longer obey. I have tasted command, and I cannot give it up.”

CFA >>> CPA in your scenario

CPA > CFA to the majority of the population, who have no idea what the fck the CFA is. Even my CPA friends generally haven’t heard of the CFA. On the other hand, virtually everyone is familiar with the CPA, even those not in finance/accounting.

Yea def agree the average person has no clue what the CFA is, which I guess bodes well for anti-dilution properties.  The majority of people’s first reaction when I mention the CFA is, “O you mean like the CPA right?”.

There are those that say they can and those that say they can't and they are both usually right

Buffettology88 wrote:

Yea def agree the average person has no clue what the CFA is, which I guess bodes well for anti-dilution properties.  The majority of people’s first reaction when I mention the CFA is, “O you mean like the CPA right?”.

Not sure that is it.  Everyone has to file taxes (CPA).  Not everyone interacts with equity analysts

StallionDis wrote:

money, power, respect, its the key to life

It’s what you need in life…

"When what I'm doing isn't working, that's when I'll take your criticisms." -- Me, some time ago

hookem89 wrote:

CFA >>> CPA in your scenario

CPA > CFA to the majority of the population, who have no idea what the fck the CFA is. Even my CPA friends generally haven’t heard of the CFA. On the other hand, virtually everyone is familiar with the CPA, even those not in finance/accounting.

CFAI should use this to test unconditional probability.

Given that the conditional probability of respecting the CFA more, when knowing about CFA and CPA, is 90%, while the probability of knowing about both the CFA and CPA is 15%, what is the unconditional probability that John Smith respects the CFA more than the CPA?

I don’t think finance in general is the right field if your goal is to become beloved by the masses.

“Visit the Water Cooler forum on Analyst Forum. It is the best forum.”
- Everyone

ohai wrote:

I don’t think finance in general is the right field if your goal is to become beloved by the masses.

There are those that say they can and those that say they can't and they are both usually right

Ramos4rm wrote:

This is the dumbest question. You’re literally fishing for people to say CFA.

There are those that say they can and those that say they can't and they are both usually right

StallionDis wrote:

money, power, respect, its the key to life

and sex ;)

hookem89 wrote:

CFA >>> CPA in your scenario

CPA > CFA to the majority of the population, who have no idea what the fck the CFA is. Even my CPA friends generally haven’t heard of the CFA. On the other hand, virtually everyone is familiar with the CPA, even those not in finance/accounting.

CPA rules in Canada. In networking events when I said, I’m pursuing CPA their response was much better than when I said CFA because they literally didn’t know what the **** is that?

Yeah, CPA in Canada is a good thing. There is much more demand for CPAs then CFAs. The reason for this is simple - CPA can do work, CFA can explain that they may be able to do work. It’s practical vs theoretical. 

CPA is hard just like the CFA but if you are in accounting, CPA gets you more ‘status’ and if you are in financial and research then CFA gets you more status.

atush wrote:

hookem89 wrote:

CFA >>> CPA in your scenario

CPA > CFA to the majority of the population, who have no idea what the fck the CFA is. Even my CPA friends generally haven’t heard of the CFA. On the other hand, virtually everyone is familiar with the CPA, even those not in finance/accounting.

CPA rules in Canada. In networking events when I said, I’m pursuing CPA their response was much better than when I said CFA because they literally didn’t know what the hell is that?

For menial accounting jobs? Yes, I imagine that would be true. For more prestigious finance jobs? CFA wins, hands down, although having a CPA is a definite plus. I will (hopefully) have both certifiacations after passing L3 this June.  

atush wrote:

hookem89 wrote:

CFA >>> CPA in your scenario

CPA > CFA to the majority of the population, who have no idea what the fck the CFA is. Even my CPA friends generally haven’t heard of the CFA. On the other hand, virtually everyone is familiar with the CPA, even those not in finance/accounting.

CPA rules in Canada. In networking events when I said, I’m pursuing CPA their response was much better than when I said CFA because they literally didn’t know what the hell is that?

More people are familiar with coach than Hermes, doesn’t make coach more prestigous than Hermes…

CPA > CFA > CFP

CMT

"You want a quote? Haven’t I written enough already???"

RIP

FBI > CFA > CPA > CFP

NB: FBI = Female Body Inspector

As a former distressed banker, I love doing turnarounds. There is nothing like coming from behind and finishing with a huge liquidity event.

financemademedoit wrote:

FBI > CFA > CPA > CFP

NB: FBI = Female Body Inspector


Ha-ha.. That’s crazy but true.

hpracing007 wrote:

itera wrote:
CFA > CFP > realtor > CPA

LOL

when I worked in big 4 a lot of people were like, “Oh you passed your CFA exams? I just got my CPA, probably going to go for that next.” Haven’t met a single person to follow through and pass 1 level after saying that. And most would trade designations in a second.

Completely agree with the first bit. Everyone says he wishes to do CFA. Very very few end up actually doing it, and (many) fewer still end up getting the Charter.

The one who swipes his card in the elevator to get to his penthouse level on 15 CPW building gets more respect  Not much respect but at least, “**** that dude must be loaded.” kind of respect.

Be yourself. The world worships the original.