Mba vs CFA? I have my cfp. Next year I want to start either the CFA or a part time MBA application.

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CFA all the way. MBA is a inch deep and a mile wide. CFA is a inch wide and a mile deep. If your going to stay in this industry CFA will give you instant respect.

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My goal is work with higher net worth clients and eventually work into upper management at my firm. Most of the partners have an exclusive MBA. However the CFA is logistically much easier. The firm will pay for it and I don't have to travel to do a part time MBA.

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Depends on future plans. I don't think n MBA helps too much if you desire to be a personal advisor long term. I would tend to go with the CFA if staying in the business. It should be more tailored to this industry.

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PS. I am not recruiting anyone - just happy to be at a good firm.

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MBA - far more versatile

I can tell you almost 100% CFP over MBA as a better value as well!

CFA, I’m assuming that you like this business. The MBA is too broad. Masters in Finance or Planning would be good too. IMO.

And that’s awesome that you are continuing education after the CFP!

I like to have a concrete goal to work towards that you can check off when you're done. This job can be a rat race because you never quite get there.

You'll make a ton of contacts in your mba program. That will probably be the only thing of value to you.

CFA

Too much time in either if it takes away from client access. CFP gives credibility, MBA says little to clients. CFA is “huh”? Spend the time with your best clients is my vote.

An additional thought, it does depend on your career plan. If you have little interest in be an advisor to you clients, and want to be in Management, then MBA. And eventually we slubs in the trenches (who work every day for the best of our clients) won’t care. Management at a lot of firms have taken away the best of what client relationship is all about. If you are interested in doing right by your client, stop with the very good spot of CPA and go to work. Don’t like where you are, contact someone at Stifel.

I enjoy working with clients but I also enjoy knowledge for knowledge sake and the ability to check the box when I complete something once and for all. There aren't too many opportunities to do that in our role. You have a good month and hit your asset goals? Well now it's the next month you got to start over! Also my firm will pay 100% of training costs. Not many people have that luxury so I feel like I should take advantage of it.

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