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Australia: do I need cfa designation if I’ve already got my 2years master of Finance degree from the university of Melbourne?

Australia: do I need cfa designation if I’ve already got my 2years master of Finance degree from the university of Melbourne?

As I’ve mentioned above, I feel like in Australia employers don’t really value master degrees much but experiences.

However, as I’ve already got one of the best master degree in finance in Australia. And 70% of the knowledge and concepts are overlap with cfa whole 3 level materials. 

Below are my questions:

1 Does cfa designation really gonna help me for my future development in Australia if I’ve already got my master of Finance?

2 How do employers value master of finance degree compared with CFA designation in Australia?

3 Some one told me CFA is cheaper version of master finance( which I don’t agree at all). Some one said CFA keep your knowledge up to date and showing your commitment and interest in finance while you working at same time. What do u think? 

4 what’s other benefits for getting CFA Designation?

kind Regards 

" Wiley's prep material was a huge part of my success." - Lindsey G., USA

Master of finance is similar to CFA. 

Personally, if i was hiring, and i saw someone with a masters in finance from a good school, and someone with a CFA, i would think of them no different in terms of education. 

If you’re looking to add to your CV, then do something extra curricular which will help you get noticed. Climb a mountain, become a part time DJ, or get some work experience in the field you’re to work in. 

plumber > stripper > experience > CFA > MBA

Exactly. A general/generic master in finance is largely redundant with the CFA.

If you want to complement a Master in Finance with sth it has to be different: accounting, quant, coding, linguistic, soft skills…

If Melbourne Uni’s Master of Finance program contains 70% of the CFA material, why don’t you think the CFA could be equivalent?

I was tossing up between Melbourne Uni and Macquarie Master of Applied Finance but decided on the CFA instead since becoming a charterholder is what I ultimately wanted. Also Melbourne Uni’s fees for the course are $70k… geepers.

Thanks for your reply, in terms of career development. What do u reckon should I pursue cfa or not? Even I’ve got my master, I noticed a lot of management level financial professions got their cfa designation. After You got your charter, was there really a lot of job opportunities offered to you by CFA community? I am currently working for a wealth management firm as back office supporting role, not really related to finance/investment, do u think cfa gonna help me get in a investment role? Many thanks 

Thanks for your reply, in terms of career development. What do u reckon should I pursue cfa or not? Even I’ve got my master, I noticed a lot of management level financial professions got their cfa designation. After You got your charter, was there really a lot of job opportunities offered to you by CFA community? I am currently working for a wealth management firm as back office supporting role, not really related to finance/investment, do u think cfa gonna help me get in a investment role? Many thanks 

Since I’ve got my master finance already, do you think it’s worth to pursue cfa again? For career development 

wyn51blue wrote:

Thanks for your reply, in terms of career development. What do u reckon should I pursue cfa or not? Even I’ve got my master, I noticed a lot of management level financial professions got their cfa designation. After You got your charter, was there really a lot of job opportunities offered to you by CFA community? I am currently working for a wealth management firm as back office supporting role, not really related to finance/investment, do u think cfa gonna help me get in a investment role? Many thanks 

why don’t you just ask the more senior people in your company? many pros…

+faster answer

+you stroke their ego, cause they think you value their opinion, gain cookie points with said person…

+secret factor

I saw bunches of jobs ad says prefer masters finance and/or CFA, do u think it’s worth to get both?