00:00Hey everyone, welcome back to the channel.
00:02If you're looking to build a strong career in finance or accounting,
00:05you've probably wondered, should I go for CA or CFA?
00:09But which one is better in India and internationally?
00:11Stick around because we're comparing difficulty, job roles, salary,
00:15and global scope to help you decide.
00:17Let's go!
00:18Alright, let's start by understanding what each qualification is all about.
00:22What is CA?
00:23Or rather, Chartered Accountant?
00:25CA is the go-to qualification for accounting, taxation, and auditing.
00:30Offered by ICAI, Institute of Chartered Accountants of India,
00:34it's highly respected in India.
00:36It covers financial reporting, taxation, law, and audits.
00:39But what is CFA?
00:40Chartered Financial Analyst.
00:42CFA focuses on investment banking, portfolio management, and financial analysis.
00:47It is offered by the CFA Institute, USA, and is globally recognized.
00:52It covers topics like equity research, derivatives, risk management, and corporate finance.
00:58In short, if you want to be a finance expert focusing on investments, go for CFA.
01:02But if you want to be an accounting and taxation expert, CA is your game.
01:07Let's talk difficulty levels because we all know that finance exams are no joke.
01:11CA difficulty level?
01:13CA is tough.
01:14It has three levels.
01:16Foundation, intermediate, and final.
01:19It takes five to seven years on average to complete CA.
01:22The passing rate is around 10-15% at the final level, making it one of the toughest exams in
01:27India.
01:28So even after five to seven years of hard work, only 10% of the aspirants might eventually become a
01:33CFA.
01:34CFA difficulty level?
01:35CFA also has three levels, but the global pass rate is around 40-45% of each level.
01:41It takes two to three years to complete, provided you pass all levels on the first attempt.
01:46Requires strong dedication to investment finance.
01:49Verdict, CA is more difficult due to complexity, group-based exams, and low pass rates.
01:54CFA is tough but has higher pass rates and more specialized.
01:58Pro tip, if you're into finance and investments, CFA is worth the effort.
02:03Now let's talk about careers and salaries.
02:06Because at the end of the day, we all want a great job and a fat paycheck.
02:10CA job roles in scope, India and abroad.
02:12Common job titles?
02:14Chartered accountant?
02:15The err.
02:16Tax consultant?
02:19Auditor, CFO with experience.
02:21Where?
02:22CA is best in India, but it's not widely recognized abroad unless you do CPA or ACC alongside.
02:28CFA job roles in scope, India and abroad.
02:31Common job titles?
02:32Investment analyst, portfolio manager, risk manager, hedge fund analyst.
02:37Where?
02:38CFA is highly valued worldwide.
02:40Great for working in the USA, UK, Canada, UAE and Singapore.
02:44Key takeaway, CA is unbeatable in India.
02:48CFA is a global passport, perfect for rules in investment banking, hedge funds and asset management worldwide.
02:54How much can you earn?
02:55Let's compare salaries.
02:56Factors, CA India, CFA India, CFA abroad, USA, UK, Canada, freshers.
03:035 to 8 LPA, 12 to 15 LPA, 75,000 to 100,000 dollars.
03:09Mid-level, 10 to 20 LPA, 18 to 25 LPA, 100,000 to 150,000 dollars.
03:16Senior level, 30 to 50 LPA, 40 to 80 LPA, 150,000 to 250,000 dollars.
03:23What's the verdict?
03:24Even in India, CFA has a better earning potential than CA India.
03:28Globally, CFA pays more because of its demand in investment banking and asset management.
03:34Pro tip, if you want a global career and high salaries abroad, CFA is better.
03:39Best of both worlds, CA plus CFA is equal to ultimate finance power move.
03:43So, CA or CFA, which one do you prefer?
03:47Let me know in the comments below.
03:49If you found this video helpful, hit like, subscribe and turn on notifications for more finance career insights.
03:55See you in the next one.
