I am doing BA from Aligarh Muslim University and I want to do CFP. Will it be a better option then MBA?

manpreet Best Answer 3 years ago

One needs to know the difference between the two: Job opportunities offered after CFP course are CFP legal financial planner, estate planner, investment planner, insurance planner, tax consultant, etc while MBA offers Managers, leaders, operations and sales heads, etc. CFP covers financial planning as a subject while MBA focuses on economics, accounting, operations and marketing along with a specialization that is chosen by the candidate. The CFP course exams are held thrice in a year while the two years MBA program is set in a semester mode. CFP entrance examination is online while for MBA it defers with institutions. CFP is organized by Certified Financial Planner Board of Standards or the CFP board while there are a number of institutes that offer MBA program. If client management and planning finances for clients ( that is guiding them through legal restrictions, financial laws, investment and tax planning, insurances and benefits etc. ) interests you then CFP will add value to your career. While to add value to your existing career MBA is just perfect. Besides giving you an option of choosing your specialization MBA also trains you in economics, accounting, operations and marketing in depth. Internship being an important part of MBA gives the opportunity for corporate world exposure which is required as most of the students need to join a company to know and live in the work culture.

manpreet 3 years ago

Certified Financial Planning(CFP) is among the fastest growing careers in the world but on other hand a career in Master of Business Administration (MBA) give an extra edge over the CFP. I myself know someone who did BA from AMU and MBA from a private college,then he did a job for few year, resigned from the job took a loan from the bank and started his own company. Now that person who was once not able to afford a Rs 55000 bike owns a BMW car.He became successful in his life. Now that is the kick of an MBA graduate. It makes you a master of not business administration but also a master of management,strategies and risk taking. So I would prefer MBA over CFP more. Best of luck!