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.
| Explore important events of CFA | |||
|---|---|---|---|
| Registration | Syllabus | CFA vs MBA | CA vs CFA |
Q: Is there an age limit to appear for CFA?
Q: How many times can one give CFA Exam level 1 in one enrollment?
Q: Does CFA require Mathematics?
Mathematics is covered in some of the Chartered Financial Analyst course material. The positive aspect is that most of these concepts just require basic math with an understanding of statistics and algebra. Therefore, you need to have your calculator ready before you appear for your CFA exams.
Follow Shiksha.com for latest education news in detail on Exam Results, Dates, Admit Cards, & Schedules, Colleges & Universities news related to Admissions & Courses, Board exams, Scholarships, Careers, Education Events, New education policies & Regulations.
To get in touch with Shiksha news team, please write to us at news@shiksha.com
With over 7 years of editorial experience, Saumya has been a writer at Shiksha for over four years. With a bachelor's degree in English literature from Delhi University, she loves to write. A true Delhiite and her l... Read Full Bio
Related News
Latest News
Next Story
There is no specific age limit for candidates who wish to take the CFA exams. The CFA Institute, which administers the CFA Program, does not impose age restrictions on candidates. The CFA Program is open to individuals from a wide range of educational and professional backgrounds, and candidates can pursue the CFA charter at any age, provided they meet the educational and work experience requirements.
However, it's important to note that to become a CFA charterholder, candidates must meet the following minimum eligibility criteria, which do not include an age requirement: