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+--- Thread: ACCA / CIMA / CFA / CPA - Which is the best ? (/showthread.php?tid=249)
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ACCA / CIMA / CFA / CPA - Which is the best ? - zulfiqar - 08-31-2003
Tell me which is the best and WHY ?
- smraza - 08-31-2003
we take consultancy fee dear <img src=icon_smile_big.gif border=0 align=middle>
S M R
- Muhammad Nauman - 08-31-2003
Elaborate ur question. In which context salary, repute or what?
Furhter with refrence to Pakistan or abroad?
- smraza - 08-31-2003
Hey Nauman, I have the flat rates, but i think you have area wise rates or may be slab rate <img src=icon_smile_big.gif border=0 align=middle>
S M R
- zulfiqar - 09-01-2003
I was asking with reference to Salary ?
- Muhammad Nauman - 09-01-2003
Yes raza bahi
My rates are different for new clients and corporate clients.<img src=icon_smile_big.gif border=0 align=middle><img src=icon_smile_big.gif border=0 align=middle><img src=icon_smile_big.gif border=0 align=middle> but as a goodwill gesture for a new client i am giving some tips<img src=icon_smile.gif border=0 align=middle><img src=icon_smile.gif border=0 align=middle>
After qualification the salary also depends on your luck and other circumstances like country or city in which u works.. Qualification only guarantees the minimum salary whcih u will get. for maximum there is no limit.
if u want to join a profession then plz do not emphasize only on salary.
and the comparison u want is very subjective in nature and no one can give a conclusive response on this.
In my point of view CPA and CFA are better then ACCA / CIMA.
Edited by - Muhammad Nauman on Aug 31 2003 105545 PM
- smraza - 09-01-2003
Look at him nauman, he has still not mentioned that whether he is talking with reference to pakistan or abroad,
oooh bhai, if u are talking about pakistan, no professional body is there to break the monopoly of CAs,
the ACMA people were the only victims, but ACCA, CIMA, CFA or CPA are also on the hitlist <img src=icon_smile_big.gif border=0 align=middle>
so please zulfiqar sb. first of all elaborate the question. anyway nauman has given good comments.
S M R
- Bowman - 09-01-2003
1- CFA
2- CPA
3- CIMA
4- ACCA
- zulfiqar - 09-02-2003
Thank u for ur replies ,
Yes , SM Raza , i m talking with reference to Pakistan
OK Nauman , i ll not talk about salary
i was asking coz i have done my MBA in FINANCE
that is why , i was confused as to which a/c qualifications
will be better for me ?
- zubair - 09-03-2003
If you are planning to live and work in Pakistan... no doubt ICAP membership is THE best as it is well reco. with in the geographical boundaries of Pakistan. overseas scanerioo is different.
I believe a person who is committed to being a a dedicated, hardworking and honest employee with in pakistan only gives little weight to the international repu. of the awarding body again ICAP is top of the list. However, ICAP has grown out of passive development. ie it did nothing to enhance its public image except making membership entry a real challange to achieve. If you believe you are geared for such a challenge, advice is to go for ICAP. otherwise seek alternatives.
- sumaaan - 09-03-2003
There's a certain level to which you can earn if you're an ACCA, CIMA, CA and you DO NOT HAVE AN AUDIT FIRM. Your promotion wave becomes stagnant at a point. No doubt, ACCA, CIMA and CA qualifieds earn a lot, but then again comes the barrier which restricts you from progressing.
However, thats not the case with CFA. The position that CFAs can reach and the amount they can earn doesn't stop at a certain point, just as in the case of an Actuary.
But that statement isn't intended to reduce the significance the former mentioned qualifications nor it can.
The following are the 'nature of jobs' a CFA qualified can undertake
Accountant
Actuary
Auditor
Bank Examiner
Bank Lending (corporate)
Business Appraiser
Client Services Manager
Compliance Examiner
Consultant on Investment Manager
Selection/Investment Policy
Corporate Chief Financial Officer
Corporate Controller
(not finance/not investment)
Derivatives Analyst
Director of Finance
Director of Mutual Funds
Economist (involved in investment
decision-making process)
Financial Journalist
(Editor/Reporter/Publisher)
Financial Planner
Internal Corporate Planning Analyst
Internal Management of Investment Firm
Investment Banking/Corporate
Finance Consultant
Investment Sales (consultative)
Investment Strategy Formulation
Investor Relations
Management Consultant
(excluding personnel)
Marketer (of investment management
services, funds,securities,etc.)
Mutual Fund Sales/Trainer
Options/Futures/Commodities Analyst
Portfolio Administrator
Portfolio Manager
Portfolio Performance Evaluator
Portfolio Strategist
Product/Software Developer (of investment-
related products/services)
Professor/Instructor (investment, finance,
and economics, or non-financial
business administration)
Quantitative Investment Analyst
Real Estate Investment Manager
Risk Analyst (securities related)
Securities and Investment Analyst
Securities Regulation
Securities Trader
Securities Underwriter
Stockbroker/Registered Representative
Valuator of Closely Held Business
Valuator of Mergers/Acquisitions
Venture Capital Investment (not securities)
- smraza - 09-03-2003
<img src=icon_smile_shock.gif border=0 align=middle><img src=icon_smile_shock.gif border=0 align=middle><img src=icon_smile_shock.gif border=0 align=middle><img src=icon_smile_shock.gif border=0 align=middle><img src=icon_smile_shock.gif border=0 align=middle><img src=icon_smile_shock.gif border=0 align=middle><img src=icon_smile_shock.gif border=0 align=middle><img src=icon_smile_shock.gif border=0 align=middle>
S M R
- Pervez - 09-04-2003
Hi Raza!
The symbol can convey a lot of messages! Are you
A)Susprised -one fellow can wear so many hats!
B)Paralyzed -you never thought there are people smarter than CAs.
C)Disgusted -how dare she said "CAs' promotion waves get stagnant"
D)Shocked -you finally realized how you wasted six prime years
.............of your life
E)All of the above
F)None of the above - then you owe me an explaination
Take Care
<img src=icon_smile_cool.gif border=0 align=middle><img src=icon_smile_cool.gif border=0 align=middle><img src=icon_smile_cool.gif border=0 align=middle>
Edited by - Pervez on Sep 04 2003 054242 AM
Edited by - Pervez on Sep 04 2003 054827 AM
- smraza - 09-04-2003
<img src=icon_smile_big.gif border=0 align=middle> <img src=icon_smile_big.gif border=0 align=middle> No need to explain, Pervez, you seem genius enough to understand that, anyways Sumaaan is always in a defensive mood regarding ACCA or anyother qualification except CA, why sumaaan jee ??????
S M R
- sumaaan - 09-04-2003
<BLOCKQUOTE id=quote><font size=1 face="Verdana" id=quote>quote<hr height=1 noshade id=quote>
<img src=icon_smile_big.gif border=0 align=middle> <img src=icon_smile_big.gif border=0 align=middle> No need to explain, Pervez, you seem genius enough to understand that, anyways Sumaaan is always in a defensive mood regarding ACCA or anyother qualification except CA, why sumaaan jee ??????
S M R
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana" size=2 id=quote>
lol... I wasn't 'defending' ACCA or CA, I just didn't want to suppress the significance these qualifications have in their stem by comparing them with other qualifications.