QUOTE(G[a]rY @ Nov 5 2006, 01:47 PM)
Its alwayz better to have some working experience b4 taking up CFA.. Im still in consideration either choosing a Master of Finance (or perhaps just MBA) n CFA... Mayb i should get some working experienc first before deciding wher should i specializing at..
Yes, unless you know very clearly exactly what job you want to do, I do think you should work first before you decide which postgraduate course to do.
And most reputable MBAs require some work experience (some more famous ones require that experience to be at managerial level of a sizable company) before they admit you into the course. And all top MBAs require extensive work experience if you do not have a first degree, even if you have a professional qualification.
A MBA is also about knowing yourself, your strength/weaknesses and your goals - so that you learn the maximum from the coursework, your lecturers and your classmates. And as a MBA student, you are expected to contribute to discussions, projects and networking. If you've never even worked before, what can you contribute?
MFA... usually for non-finance people who want a qualification for a finance role or for finance people who want to specialise in something very specific. My advice would be to maximise your ACCA or undergraduate accounting degree. Take the MINIMUM accounting subjects that the course requires (because you'll be learning lots of accounting in your future jobs) and take the MAXIMUM number of non-accounting subjects allowed.
For example, do a degree majoring in Accounting (in order to satisfy minimum entry requirements into a professional qualification) and minor / specialise in another subject like Economics, Statistics or Commercial Law. It's almost like a double degree but faster - you can spend the 1-2 years you save to get a higher qualification like a masters. So, after 4 or 5 years, instead of 2 bachelors degrees, you have 1 bachelors and 1 masters. No prizes for guessing which one employers value more.
What do you know about the CFA? Why the fixation on it? Do you know which type of jobs require a CFA qualification? Do you know what training the CFA provides and which activities that training will equip you for?