April 23rd, 2007, 11:04 am
BIG DIFFERENCE, kids (in content)CFA: Once you got the 3 test, the experience is certified, etc . etc the Institute gives you the priviledge (not the right) to use the designation. As such it is not a license, since legally only sovereign's states can license you within their borders. It is a akin to a certifcation, but since the Institute has not legal authority as an independent state would, it is a "peer recognition". Its value depends on the weigh the industry assign to it.CQF: technically it could be consider a seminar, we all know it is much, much than that but legally speaking it does not carry more weigh. Again its value depends on the weigh the industry assign to it. It is another "peer recognition".The CFA helps you by providing a wide understanding of general finance (financial accouting, macro & microeconomics, etc.) more traditional finance aspects are emphasized. It could be considered a "cousin" of a general MBA program.The CQF givers you a deep understanding of the basic quantititave aspects of financial engineering (mathematical finance, quant finance, whatever name they called.). Less traditional aspects.... more math and applied concepts here. It could be considered a "cousin" of a Master in Science degree.By noting the differences in content, you should be able to figure out what is better suit to your needs.M
Last edited by
Maelo on April 22nd, 2007, 10:00 pm, edited 1 time in total.