When one looks out for a course post his/her graduation, what matters the most is the security that comes attached with it. Everyone desires to pursue a course which ensures financial security in the shortest span possible. So one always opts for the courses which are known since ever and have a reputation attached to them. A course earns this reputation largely due to two factors. One the credibility of the degree in the job market and secondly from the time since when the course was introduced to the students.
In India CFA as a course takes a hit because of the second factor. Once an aspirant completes his/her graduation two-three standard options are thrown at them. CA, MBA etc. Though these courses have their own standing in the job market but CFA helps one become the master of finance. It offers complete education related to the finance industry making one eligible for any post in the same industry.
Second major issue is attaching CFA with relocation. People have a mindset that only people who wish to pursue a job outside India must opt for CFA as a course. But that’s not true. Doing CFA definitely wins you an edge in the global job market but that doesn’t mean it can’t benefit you in India. CFA adds value to the resume and is beneficial both exponentially as well as for breaking in.
The cost attached to the course also raises an alarm in the minds of students. That makes some believe that it is a course for the elite! But even that is a misconception. CFA is a course for anyone who wishes to pursue a career in the finance industry. The cost attached to the course can be recovered easily with the array of job opportunities that it opens for its aspirants.
Research and development is also an underrated profession in India. CFA is often misconstrued to be a course making one eligible only for research and analysis. It definitely makes one more equipped for this profile but it also makes one compatible for the other job profiles available in the finance industry. People also need to understand that research and analysis is also an important part of every industry.
Presumptions and misconceptions surrounding around CFA makes it a less opted course for students. I hope this blog has cleared a few of them. For more information on CFA and its benefits please visit https://www.facebook.com/CFAwithManishRamuka/.