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Business Chartered Financial Analyst (CFA)

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User99
post Dec 18 2012, 12:22 PM

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hi guys, may i know what's the difference between CFA and ACT?..
User99
post Dec 19 2012, 12:47 AM

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QUOTE(fino_abama @ Dec 18 2012, 11:45 PM)
ACT - Association of Corporate Treasurers?
Yes, how does this qualification differ from CFA?

After doing some research, I found that this ACT qualification offers a fast route for qualified accountants so I'm quite interested in it.

And lets say I do have an interest in joining an IB in the future, which of these qualifications is more relevant?

This post has been edited by User99: Dec 19 2012, 12:49 AM
User99
post Dec 19 2012, 07:11 PM

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QUOTE(fino_abama @ Dec 19 2012, 11:15 AM)
I thought by comparing the syllabi, the differences are obvious? One is looking at asset management/security analysis while ACT's focus is on Treasury Management.

AMCT is not well-recognized in M'sia, only in UK is it more popular.

Which part of IB do you want to join? You do know that there are many functions within IB.
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I'm actually interested in M&A.
User99
post Dec 19 2012, 09:15 PM

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QUOTE(fino_abama @ Dec 19 2012, 07:45 PM)
Then AMCT is out. Qualifications to consider are:
1) Top ranking MBA (e.g. Wharton, INSEAD)
2) CFA
3) Corporate Finance qualification (from ICAEW. This qualification is new but the prospect looks good)
4) ACCA (complete Advanced Financial Management paper)

What's your background like?
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I'm actually an ACCA finalist. I just attempted the P4 Advanced Financial Management paper earlier this month. So now waiting for my results, I am considering my options on whether to further study or to start working. I got zero working experience.

Anyway thanks for you replies. But can I ask, is it possible to get a job in an IB with what I have now? And will they require me to further my studies? Assuming I pass my exams. Cause I'm not sure whether I can handle working and studying at the same time. If possible I'd like to finish my studies, then start work.

Sorry for getting out of topic. Should I PM you instead?

This post has been edited by User99: Dec 19 2012, 09:26 PM
User99
post Dec 19 2012, 10:21 PM

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QUOTE(fino_abama @ Dec 19 2012, 09:37 PM)
If you are going to further your studies, what are the options that you are considering? I can't say that it's totally impossible for you to get a job in IB (try and apply). At the same time, try applying to the Corporate Finance Advisory arms in Big4.

Also, work on your Excel modeling skills when you have time.
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Again thanks for you replies fino_abama.

I think the MBA is out of question, as of now. I got no working experience. Also, I'm not too keen on the ICAEW qualification as I think its still too new. Don't wanna risk taking it. Besides, I don't think any tuition provider is conducting classes for this qualification here. So I think CFA seems to be the obvious choice here and I think now, its a matter of when do I study it then.

Yeah, I'm applying for the Big 4 already but not the IBs yet, will apply soon.

This post has been edited by User99: Dec 19 2012, 10:27 PM

 

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