Thread: ISQ vs CFA -in banking industry
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Old Thursday, December 23, 2010
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Originally Posted by mjkhan View Post
thank u very much nd nw the last question what is it is scope both in terms of career progression nd in monetary terms?as a comparison between this nd cfa has been asked in one the previous post so i m sure that it really is something really good...nd does one need to hve a good working experience in financial sector in order to pass this qualification or hving or nt hving experience does nt give one any edge?this is the last question
Comparison of CFA and ISQ:

CFA is better than ISQ in both the terms i.e. career growth + monetary benefit. However; CFA requires strong skills and challenging competency. Relatively, IBP diploma is easier than CFA.

CFA attracts top Management positions where as ISQ attracts operational and Middle level management.



ISQ:

Banking and Non-Banking Candidates comparison:

You can pass this exam without having banking background but those who are from banking field do have edge over others. Candidates from banking background find some of the technical papers relatively easy whereas others find these subjects little bit challenging but not un-achievable.
Following subjects are thought to be familiar in banking industry in one way or the other:
Laws relating to financial services, lending operations and risk management, international trade finance and forex operations, and final specialized paper (leasing and Micro Finance, SME and Agriculture, Islamic Banking, Retail and consumer banking).


Scope of ISQ:
You will be preferred in banking industry for induction, promotions and various charges.

Monetary Benefit of ISQ:

Various banks reward their employees on passing ISQ with varying amount. Ranging from Rs.50,000 to six digit figures. Some banks reward you with permanent increments in your salary while others reward you in lump sum amount in one go.

Regards
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The Following 3 Users Say Thank You to Raz For This Useful Post:
mjkhan (Thursday, December 23, 2010), saimakhan (Saturday, December 25, 2010), spaksarzameen (Thursday, December 23, 2010)