CFA vs CFP: Difference and Comparison

CFA and CFP are highly respected professions requiring a good knowledge of economics and finance studies to pursue a career. The similarity in their name also confuses people.

However, they have different aspects in their profession.

Key Takeaways

  1. CFA (Chartered Financial Analyst) focuses on investment analysis and portfolio management, while CFP (Certified Financial Planner) concentrates on financial planning and advising.
  2. CFA certification requires passing three exams and having four years of work experience, while CFP certification requires passing one exam and having three years of work experience.
  3. The CFA Institute administers CFA, while the Certified Financial Planner Board of Standards governs CFP.


CFA is a designation for investment industry professionals, such as portfolio managers, research analysts, etc. CFP is a designation for professionals who work in financial planning. The program covers retirement planning, estate planning, tax planning, and insurance.


Finance Quiz

Test your knowledge about topics related to finance

1 / 10

What is the formula for calculating compound interest?

2 / 10

Share capital is

3 / 10

Why do companies engage in M&A?

4 / 10

If  a bank thinks lending money  to a certain business is risky it will:

5 / 10

What is a financial advisor?

6 / 10

Earnings per share show investors the __________ earned per outstanding share of stock.

7 / 10

What is the difference between stocks and bonds?

8 / 10

An 'Overdraft' is  where a business is permitted to overspend on its bank account up to an agreed limit.

9 / 10

The shares of well-established, financially strong and big companies having remarkable Record of dividends and earnings are known as:

10 / 10

What is a market capitalization?

Your score is


The CFA designation is intended to demonstrate that a person has a solid understanding of financial analysis and stock administration and a strong commitment to ethical behaviour.
To become a CFA, an individual must complete a challenging degree program and pass many tests over two years.

The CFP is for financial advisors that help people manage their portfolios and prepare ahead. The investment firm, estate and retirement planning, tax planning, personal funds flows, and policy in all areas where Certified Financial Planners may help.

The CFP exam consists of around 150 MCQ-type questions which are to be solved within 40 minutes.

Comparison Table

Parameters Of ComparisonCFACFP
Organizing bodyCFP Board organizes the CFP examThe exam is conducted in three groups.
Exam levelsThe CFP exam is conducted at only one levelThe syllabus of CFP includes subjects like Risk management, planning of taxing.
SyllabusThe syllabus of CFA contains subjects like Economics, Financial analysis.CFA requires 4 years to complete the degree.
DurationCFP requires 3 years to complete the degree.CFP’s need to renew their license every 2 years.
ClientsCFA deals with large firms and investments.CFP deals with clients who work as individuals.
Membership/License validityCFA membership must be renewed every year.CFP’s need to renew their license every two years.
Study hoursThe CFA examination requires 300 hours of study.The CFP requires 250 hours of study.

What is CFA?

CFA stands for Chartered Financial Analyst. A CFA invests in larger groups, such as massive trading businesses on both the selling and buying sides, collective investment schemes, and fund managers.

CFAs can also help companies not in the securities market with domestic economic information. A CFP concentrates on individual consumer financial scheduling, whereas a CFA focuses on corporate capital administration.

The CFA credential is meant to show that one has a good base in awareness about financial evaluation and stock administration and a deep commitment to social behaviour.

An individual should finish a demanding degree course and pass several exams so over two years to become a CFA.

The aspirant should also follow a robust code of ethics and have four years of expertise in financial decision-making.

The CFA Institute organizes CFA, and the exam is divided into three levels- Level I, II, and III. The exam is conducted in February, May, and August.

The CFA curriculum is highly comprehensive, and it’s best defined as a master’s degree in finance with specializations in accountancy, marketing, data analysis, and asset management.

chartered financial analyst

What is a CFP?

CFP stands for Certified financial planner. A CFP assists people in making financial decisions.

CFPs assist their clients in achieving specific long-term savings objectives, such as retirement plans, purchasing a home, or establishing a savings account for their offspring.

A person must finish a university course and then precise multiple assessments to become a CFP. Asset administration, tax preparation, healthcare, planning for retirement, investment management, and other fundamental basic financial subjects are covered on the test.

Those are critical subjects for anyone attempting to assist clients in achieving their monetary objectives. The CFP test consists of 170 MCQs – covering over 100 personal finance subjects.

Work ethic and laws, personal finance concepts, educational preparation, risk assessment, security, assets, tax preparation, retirement planning, and estate planning are all covered under one umbrella.

A person excels in testing at different analytics, decision-making capacity, and leadership abilities, all improving after being a CFA charter bearer.

In comparison to financial planners, CFPs are more comprehensive. CFPs begin by assessing the client’s economic situation, including any currency, assets, securities, or real estate, to determine overall net worth. They also examine any debts, such as mortgages and student loans.

certified financial planner

Main Differences Between CFA and CFP

  1. The full form of CFA is Chartered Financial Analyst, while CFP is Certified Financial Planner.
  2. The organizing body for the CFA exams is the CFA Institute, and for CFP, the CFP board organizes the exam.
  3. The time needed to acquire a CFA credential is about 4 years, while that of a CFP is 3 years.
  4. The CFA membership requires to be renewed yearly, while the CFP license requires renewal in two years.
  5. The CFA exam takes place in only a single level, but the CFP exam takes place in three levels.
Difference Between X and Y 2023 07 05T190037.678

Last Updated : 13 July, 2023

dot 1
One request?

I’ve put so much effort writing this blog post to provide value to you. It’ll be very helpful for me, if you consider sharing it on social media or with your friends/family. SHARING IS ♥️

Leave a Comment

Your email address will not be published. Required fields are marked *

Want to save this article for later? Click the heart in the bottom right corner to save to your own articles box!