#acca vs cfa

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ACCA vs CFA: Which Professional Qualification Is Better for Your Career?

Compare ACCA vs CFA based on career opportunities, cost, difficulty, eligibility, and global recognition. Find out which qualification is ri

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ACCA Vs CFA — What’s the Difference?

Confused about whether to choose ACCA vs CFA? With so many courses and certifications offered and pursued, it is natural to get puzzled. Think of your skillset, career goals, and what you have been dreaming of on the career front before reading about ACCA and CFA.

A Chartered Financial Analyst can bag good jobs, earn global exposure and aim for a higher pay package. An ACCA certification can make you a complete professional in auditing, tax departments, and accounting management- to name a few arenas. In the accounting and finance space, both these courses are globally popular.

After completion, these prestigious courses offer top career prospects for students. Keep reading this blog to understand the ACCA vs CFA differences!

Similarities between ACCA and CFA ● ACCA and CFA programs are finance and accounting courses. ● Both are widely respected and globally recognised. ● Students can start with decent entry-level salaries after completing any of the courses. ● Good job opportunities are available for students after passing these course exams successfully. ● Both ACCA and CFA graduates must complete CPE or Continuing Professional Education to retain the designation. This needs to be done every year.

ACCA Vs CFA — What You Must Know! ● It is the Association of Chartered Certified Accountants that confers the ACCA certification. The CFA Institute, a membership association, awards the CFA qualification. ● In the case of ACCA, students have to complete their 12th-grade exams or equivalent. To enrol for a CFA course, a Bachelor's degree is a must. ● The ACCA course lasts around 3 to 4 years, while the CFA takes a longer time to be completed, which is approximately 4 years. ● Students typically report that the ACCA exam is easier than the CFA. It would help if you spent more time studying and preparing for CFA. ● ACCA has a computer-based exam. There are multiple exams that a candidate needs to complete at each level. CFA has exams at three levels, and the candidates need to sit for them offline. The chance to take the exam is only once a year in June. ● The salary range is slightly higher for CFA professionals than those with the ACCA certification.

Conclusion Choosing between CFA and ACCA is entirely at your discretion. Set your career goals and how you want to see yourself placed in the professional world matters. Your effort and dedication count along with your affordability, preferred industry area for work and more.

So, to clear your doubts and shape your career, let a top-rated NorthStar Academy you. The right mentor can show you the right direction.