I am an University of Delhi Graduate and want to decide on whether to pursue CFA or MBA because in India,conditions are different from the rest of the world. Any CFAs(Charterholders or Candidates) in INDIA that would like to help me with my problem?
Why do all Indians or Asians who don’t become a Doctor or a Lawyer want to get a CFA charter?
Because INDIANS or ASIANS are really hard working and want to achieve the maximum.
No point in pursuing MBA unless it’s from an IIM and a few other institutions like ISB. If you can get in, a job is guaranteed.
No guarantee of a job with CFA. I’ve seen L2 and L3 passed people still trying to break into finance (seen on CFA groups on Linkedin). So if you can get into finance on your own and get some relevant experience, only then CFA will give you an advantage over others. But there’s no denying that a CFA charter is hugely respected in India; much more than in developed markets.
It is just pretty cliche.
Actually, it’s not. It seems so to you because you may have come across Indians only on AF or finance circles. Obviously in these places you’ll see people talking about CFA/related subjects only. The real cliche in Indian education is the Engineering-BPO-MBA route.
Good point. =)
why does it even matter if ur indian or asian.
How do Indian university rankings work? I just googled up University of Delhi, and it’s ranked by most lists as number 1 in India. But I usually hear people refer to IIM, IBS, and IIT as top-tier schools. Obviously different rankings use different metrics, but why the huge discrepency?
The OP wanted to know about relevance of CFA in India. Being an emerging market, CFA’s prestige value here is quite different from that in developed markets.
For instance, CFA is considered relevant to an extent even for IB jobs here, simply because the associated prestige value with the charter is pretty high.
IIM, IBS are NOT universities ( they grant PG Diplomas not graduate or Post-graduate Degrees ), though some of them have affiliation with some Universities to grant Degrees of that University while Delhi university is a degree granting institution.
There are mainly 4 types of Universities in India viz., Central Universities like Delhi, Calcutta, Banaras Universities etc.), State Universities (like GGSIP University of Delhi, Kanpur University etc.), Deemed Universities which are Research and specialised institutions of standing and institutions of national importance normally with specialised studies in one particular field ( like IITs, IISC, Banglaore TIFS , Mumbai etc) and finally Private Universities (like Amity, UPES universities etc,). IIM and IBS are business schools and grant PG Diplomas and their PhD programmes are Fellowships while IITs are Institute of Technologies granting Engineering degrees and are in the category of Deemed Universities.
What is the difference? The main differentiating factors are: Central Universities are established by the Central Govt. through specific acts and are 100% funded by the Central Govt. while State Universities are established State Govts. through State Acts funded mainly by and (partly by UGC) through the State Govts., Private Universities are privately funded and receives no grant for its operations from the govt., while Deemed Unversities can be funded in any of these ways depending on its nature in terms of establishment, governance and type.
Central and State Universities have low fees though most of the Central Universities are providing facilities and teaching of higher quality than the State Universities and are, therefore, normally are in more in demand for students from throughout the country. Some of the State Universities too have been able to attract students from many states due to their reputation and higher standrads than other simlar universities but it totally is dependent and limited to a few streams / courses only. Private Universitis are more or less commercially run uniiversities with a range of programmes and courses as similar to their range in terms of standards, cost and quality.
After the year 2000 their have been a spurt in their nos. in various States (starting with a state Called Chhattis Garh, which wthin a few months approved more than 100 such universities most of which were later derecognised by UGC due to orders of the Supreme Court on various grounds ) as earlier there was no such provisions except for granting the status of Deemed Universities by the Central Ministry & on the reccomendation of UGC to institutions of importance and repute whether private or government run. I hope this clears your doubts.
Do both. It’s all about image and substance in business.
Because these designations sound like professionals.
I don’t see that a JD is difficult to get these days. Also, cut your crap with those comments if you have never been to one of those countries. The competition is fierce over there. I don’t know where you live but you’re lucky to be where you are right now. Go worry about yourself and move on in your life. Leave the Indians and Asians alone.
That was a very clear explanation, thank you very much.
im in the same state as you and it seems from what iv’e heard MBA is a clear cut winner.
CFA won’t help you break in.now if you can get into IIM’S and ISB excellent.if not the number of grads coming out of there isn’t filling the demand.
i wouldn’t mind looking at spj,great lakes,NMIMS etc.
@sj.1802 if u really want an mba only and only look at IIM ABC or ISB… bas thats it… iske aage kuch nai… and pass the cfa exams side by side,… thats it… … and dont forget to enjoy life too
why do people say this,im curious
IIFT,FMS,SPJ and NMIMS are pretty decent too.they place well with decent starting pay.
a couple of IIFT,FMS people landed some decent gigs in singapore etc with starting pay 90k$.
it’s worth it