CFA’s V ACCA’s – Which is the better qualification to pursue?
Naturally, the answer to this widely debated question is heavily driven by one’s desired career path and both qualifications are very highly regarded but does one hold more value than the other within the Irish market?
Most of the clients we work with don’t tend to have a specific preference for one over the other but candidates looking to build a successful career within Finance would certainly need to work towards obtaining one of these professional qualifications as it is considered almost a minimum requirement now. Many candidates working within the boutique Corporate Finance and Private Equity Houses opt for the ACCA route and feel that it positions them particularly well for opportunities within that space.
The CFA (Chartered Financial Analyst) is specifically designed for those working in investment management and financial markets, and the typical positions CFA candidates will work in include investment analysis, portfolio management, equity analysis, fixed income, research and trading. There are certain Asset and Wealth Managers that will only hire CFA qualified candidates so if you confident that Investment Management is your long-term career goal, the CFA Accreditation is the one for you.
However, if you are looking for a broader qualification which will offer employment opportunities across a much wider range of companies, then the ACCA (Association of Chartered Certified Accountants) would be more suitable. It offers flexibility and there are several different career paths you can pursue with it. Some candidates mistakenly associate the ACCA with a purely accountancy / audit career but holding the qualification presents opportunities across all areas of Banking and Finance.
If you are a CFA or ACCA candidate and would like to discuss opportunities currently open in the market, please feel free to reach out to Mark Stephens at Mark@camden.ie or at (01) 539 0611.