11 Reasons Why Getting An MBA Beats Getting A CFA...

One of the hottest debates among young Wall Streeters involves six letters — MBA or CFA. We’ve looked at it from the perspective of recruiters, comparing compensation and time spent getting each accreditation, but nothing beats hearing it straight from the horse’s mouth. We reached out to sources who hold either CFA charters or MBA degrees to find out what makes one better than the other. In this particular story, we’re presenting the MBA case. Agree to disagree if you want. Better networking during the process. According to our sources, Business School is where you meet people — your classmates, faculty, speakers, recruiters. They all come to you. A better-connected alumni base. The CFA Institute is trying to get better, but it just doesn’t have the close-knit alumni community that business schools around the country have been fostering for decades. If you think you’ll need that, the MBA is a better option. Better for working in a variety of sectors. Yes, you’ll most likely concentrate in a certain skill set, but with the variety of business classes at your disposal, the MBA is better for working in different kinds of jobs, from business journalism to the C-suite. Better on work-life balance. Yes, a lot of people do business school part time along with a job, and that’s tough, but CFA candidates always do it. To them, full-time business school students probably look as if they’re having the time of their lives. Better name recognition. More people simply know what an MBA is than the CFA. And one CFA charter-holder told us it really hadn’t helped him get a job. “You kind of get it, and then you tell your mom,” he said. Better for mentorship. At business school you...