MBA today has become almost as ordinary as a graduation degree. Only difference being those students who get their degrees from world-class institutes like Wharton, LSE, IIM, XLRI, INSEAD etc.
But a degree which is gaining more importance worldwide and nationwide is CFA from CFA institute in USA...not from ICFAI. The later is said to have from preference than the former with recruiters nowadays and even a healthy pay package. Only problem is the pass rate which is a little below 40%. There are three levels- I, II, III. And payment for course is quite high, supposedly around 2lacs for all three,given you can pass each level at one go.

This discussion will be very helpful if existing CFA's or people who know them can shed some light regarding the study process and how you get the job once the course is done. It is said that you can start doing a job even once you have cleared level I. But how far is this true in India?
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in my point of view MBA has more importance than CFA because now a days MBA is most profissional course.....
Chartered Financila accountant can help if you are in the process of becoming a CA but before doing a course see to it that the course is a UGC approcved one and take advise from anyone who's a student of that college...

As for MBA...It's always useful...

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I beg to disagree with your view that MBA is an ordinary degree!I do admit MBA degrees from dubious institutions are even worse than graduation degree! As far as comparison of MBA with CFA is concerned,I think MBA has several disciplines including finance whereas CFA is a specialist qualification in finance.In India the world of finance is still ruled by CAs and MBAs.The CFA for m ICFAI has not yet caught the imagination of aspirants!
I feel none of them is a better degree until and unless you have got it from top 5 college for the respective course.
Whatever the course may be try to join a reputed institute which will guide you till you find a good job. :) :)
MBA is a general management qualification and not peculiar to any particular stream. CFA is a finance management qualification. MBA degree is obtained by engineers, doctors also in addition to their particular professional qualification. So go for CFA only if your interest is in finance.

G. K. Ajmani Tax consultant
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So this forum has also become a career councilling forum. keep it up.

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I think that an MBA would be better if you think froma apoint of salaries and constancy in job.
i feel MBA degree is good compared to CFA.i think CFA is focused for those becoming CA but MBA is general and has its advantages..
MBA is not general as it has various disciplines like finance,marketing etc.
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