Hello.

I am thinking of further studying currently.

CFP (certified financial planner) or MBA ( Master of Business Administration in Finance) or RFP (Registered Financial Planner)

Which one would be the better alternative?

Any advice or suggestion?

Thank You.

This post has been edited by lengchaihow: Jan 5 2008, 04:27 PM

mba is better

IMO, CFA should be better since there is very few people managed to pass this exam !!
THe downside is it is very specialize in one area, thats towards Finance. (so, if u are in Finance career, take this course)
Super damn hard to pass, I heard.
CFA professional body claim that its member Averagely earn more than US$250,000 per annum. (Thats waht it advertised, if I remembered correctly)

MBA, I think lots of people are holding it !
Definetely Easy to PASS !
However, the cost can range from RM 6K -30K. (Local University vs Private College/U)

This post has been edited by Irresistible: Jan 3 2008, 05:58 PM

CFP not recognized in oversea. samething goes to RFP

This post has been edited by wingcross: Jan 3 2008, 06:49 AM

@lengchaihow,
What does ur career path look like? You should make the decision based on which one of these 2 is better to equip u for ur future job. And in this instance, think long term.

thanks for all the informations and suggestions.

For your info, i am an undergraduate who is going to graduate this year. i will be a degree holder during that time. with merely 1 year of working experience (all are in part-time based).
I am keen on job that is more on financial based.

So, i am pondering which one to pick ( CFP or MBA ). i will definitely go for the part time one because i hope to work while studying due to some financial difficulties.

I thought CFP is much more easier to pass than CFA. am i right?

Once again, which one would be the better choice for me ( CFP or MBA in finance )?

Thank You.

This post has been edited by lengchaihow: Jan 3 2008, 02:04 PM

CFP more easy to pass than CFA, yup, u are correct.

But, MBA is the easiest.

I think it's difficult to fail if u've put in the effort to learn and understand what ur studying.

It's also best to have accumulated at least 3 years of work experience (full time!) before u decide to pursue your MBA as the real world experience will definitely help towards application of the academic theories into real life situations. You will be able to benefit from the MBA more.

If u need only Financial management skills perhaps the Professional course is a good option but if ur looking at climbing the corporate ladder and need more than just the financial skills but some form of management skills, it's good to consider the MBA.

CFA professional body got anything to do ith CFP?

I make a mistake, i should be CFA...

that time ,4.00 am haven't sleep, so blur blur

To rephrase tinkerbel, an MBA is more versatile and more widely accepted. You can go into general management, finance, HR, project etc. Of course this assumes you have the experience to back it up, not to mention the EQ/IQ.

In my opinion it's too early to decide right now, work for a few years then decide.

Some MBA are specialisation also right?

Perhaps U can go on doing the CFP p/time while u accumulate the work experience and people managing skills. After which when u are more ready u can go ahead to pursue your MBA?

@Darkmage12,
Yes... u can opt to Specialise in certain areas/fields if u want Or, just do a general degree.

thanks everyone.

Tinkerbel had really given me a useful hint; take a part time CFP before MBA.

But questions pop up, Is CFP a piece prestigious certificate? or it is just merely an ordinary/general course?

To reiterate what Wingcross said; CFP is not recognised worldwide. Is that true?

CFA is more superior than CFP in term of reputation, right?


thank you.

er about CFP is not recognised worldwide im not too sure but CFA is by far the most superior in the field of finance

@lengchaihow,
Am glad I helped. Ain't gonna be able to help u with the CFP/CFA question as I'm really not in the Finance industry. Better check with those who's in the industry

Good Luck to U

CFP requirement is SPM
CFA requirement is first degree
MBA requirement is first degree....
CFA manage fund
CFP...selling fund..i saw PB fund ppl study CFP in Kasturi last time

@lengchaihow

One more thing you have to consider.

Since you are still an undergraduate without proper working experience (Full time job) and you are planning to go for post graduate degrees right after you got your undergraduate degree. It'll be very tough for you.

Like tishaban said, your EQ and IQ is very important. Juggling between your work and studies is SUPER hard. I am going through a hard time right now.

My suggestion is, after you graduate, get a full time job. Manage your job first. If and only if you have time and also the effort to pursue your studies, go for it.

No point studying half way and just quit to concentrate on your job, or the other way round.

Thanks buddies.

@lokgotz

You got the point. it's going to be very tough to take a balance between job and study.
You are right perhaps. i should concerntrate in job in the first place right before pursuing any post study programme.

In between, I think of pursuing a post study programme because i have always thought that the knowledge i own is just not enough, maybe can only barely survive.

I hope to equip myself with more knowledges so that i would have more confidence when dealing with people and situations. Does this make any sense?

Thank You.

i was looking at CFP also, whole course around 10k plus. too bad its not related to my field but i'm quite interested in it.