Shiksha Poll: Do CFA Aspirants Have a Plan B?

Should you consider a plan B if you do not clear the CFA exam? Shiksha conducted a poll to gain insights into what aspiring CFA candidates think for considering an alternative to CFA. Read the article below to know the interesting poll results.

Shiksha.com conducted a recent poll to gain insights into whether the CFA aspirants have a Plan B if in case they do not qualify the CFA exam. The CFA exam is conducted by the CFA Institute and is considered one of the toughest exams in the finance industry.

The poll results reveal a mix of confidence and openness to alternative career options for CFA candidates. The poll results reveal:

• 34% of the aspirants are confident in their ability to pass the CFA exam. They are not considering alternatives and are committed to achieving the CFA designation.
• 11% of the aspirants say they will retake the exam and have a determined mindset to clear the exam. They are persistent to earn the CFA charter.
• 8% of the aspirants are willing to explore Chartered Accountancy (CA) as an alternative if they do not pass the CFA exam. They view CA as a viable backup option.
• 32% of the aspirants are also considering a backup option, i.e. MBA in Finance.
• 15% of the aspirants do not have a backup plan or have not thought about a Plan B.

Shiksha’s CFA Poll Analysis

Many candidates believe in their ability to clear the CFA exam, while others are considering alternative options including CA and MBA in Finance.

CA focuses more on skills such as accounting and taxation and is a popular choice among candidates looking to build a career in the finance field.

MBA in Finance on the other hand is also a viable option for candidates interested in managerial roles within the field of finance. MBA offers a broader career path in fields such as investment banking, corporate finance, financial consulting, etc. Candidates think an MBA can be a more structured route to leadership positions in the corporate world.

Should the CFA Candidates Have a Plan B?

CFA charter is a highly reputed credential but is also considered one of the most difficult ones. Having a Plan B can be considered a strategic move. Diversifying career options will ensure flexibility in the ever-evolving finance and management industry. MBA, CA, or other finance certifications can be considered good options for candidates seeking roles in the finance industry.