The CFA is it worth it?

Mobeen Ahmad Gilani, head of corporate and research at Harvest Group, a capital markets company, and a candidate for the Fosterjee CFA Level 3 certification, thinks that the BBA or MBA Finance curricula can readily accommodate the work necessary professionally in the field of finance in Pakistan.

"I personally wouldn't regard CFA Level 3 as practically achievable anyplace in Pakistan. For that reason, the Middle East is a wonderful, complete market for CFAs in our area. Europe and America are the perfect regions since it is an American qualification in finance, he claims.

Nevertheless, a CFA charter holder who spoke to Profit on the condition of anonymity denied that the CFA designation is excessive in Pakistan, albeit agreeing that the country's investment sector is still in its infancy and has a very small total market.

"It is true that Pakistan's financial industry is still extremely young. Because of this, you require CFA charterholders who can include scenarios in order to genuinely establish the market. To genuinely build the market, you need CFA charterholders, he added.

According to Muhammad Asim, when using the CFA charter, you should never gauge the market before deciding what you should do, study, or pursue because of the value of higher education or the value of quality in education.

"The CFA qualification is about pushing the standard up when you have a greater skill and a higher qualification. You raise the bar for professionalism to meet the standards set by the world. The CFA designation raises the bar for financial professionals on a worldwide scale. These established markets, like the US, adhere to this particular requirement. It's [closer to our area] China. It is regarded as the industry standard in certain markets, which truly lead the field. Therefore, CFA in Pakistan provides you with a chance, and it truly acts as a bridge to bring you up to par with the standards used in leading markets," he continues.

Fosterjee CFA preparation | "The industry is probably going to develop more quickly than it has in the previous two or three years. The asset management sector has experienced tremendous expansion in terms of both the number of investors and AUMs. CFA Society Pakistan President Muhammas Asim stated, "But I would not claim that this is exponential development. There is a need to look at the whole engagement of people, the general public, the investment plan, and overall savings.

"Pakistan has one of the highest consumption percentages when you look at the entire data. We have not invested our money as a society, and that is what has to be promoted, according to him.