Who gets more respect: CFA, CFP, or CPA?

Let’s Talk Business Accounting and Finance Who gets more respect: CFA, CFP, or CPA?

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    Uttam Pai
    Participant
    I believe respect is earned for the kind of value you bring in than your degrees. It is always the work and commitment that have a louder roar when compared to the degrees. The professional courses enhance your knowledge and skillset based on the objective of the course. If your interest is in the finance and investment industry, CFA has got a good scope, if it’s auditing and accountancy, CPA has a cool scope, if it’s to help your company and clients in financial planning, CFP has a right scope. So, based on the industry you’re entering into, the scope for the professional courses may vary.
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    Akshay M
    Participant
    My guess is that CFA gets more respect in portfolio management. CPA gets a fair amount of respect, particularly in fundamental analysis shops. CFP gets the least respect, but that doesn’t mean it isn’t useful.

    My sense is that CFA and CPA take similar levels of effort to pass (though CPA does have specific course reqirements aside from simply passing the exams, so CPA probably involves more work if you include that). My guess is that CPA involves more memorization and rule application tasks, while CFA requires more synthesis of ideas across areas, but since I haven’t done a CPA myself, I am not sure.

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