Salaries can vary widely for both CFA and CPA depending on location, level of experience, and company size. An important aspect, especially if you're thinking about obtaining a CFA from a public accountant, is that when you meet the requirements to take the CPA exam, you've probably already learned 90% of the information needed to pass the exam (in your current accountant position); you just have to review and review it. The most biased and unrealistic comparison ever designed to promote a simple certification, such as the CFA, with a regulatory CPA license. The difference between the CPA and the CFA in terms of the depth of the material is almost the same when comparing similar topics, such as pension accounting and topics of the FRA.
Because the variety of material is not as wide and candidates are likely to be reviewing concepts they have already learned on the job, the CPA exam requires much less preparation time than the CFA exam. So which is better, the CFA or the CPA? In reality, there is no one answer that fits all situations: each person will have the one that best suits their needs. As we have seen by analyzing the differences between CFA and CPA exams, the breadth, depth, and length of combined CFA exams make CFA exams much more difficult to take and pass than CPA exams. In addition, despite recent changes, it takes a lot longer to retake a CFA exam (6 months) than it does to take a CPA exam (a few days). This proportion of those approved means that, based on data from the last 3 years, about 62% of CPA candidates become CPA.
In addition, with the CPA exam, candidates who fail the exam can reapply 24 hours after receiving their results. Evaluation centers in Japan, Brazil and four Middle Eastern countries allow candidates from outside the U.S. U.S. officials also take the CPA exam.
