![\"Manhattan](\"\/\/cdn2.manhattanprep.com\/gmat\/wp-content\/uploads\/sites\/18\/2018\/03\/mba-admissions-myths-cfa-liability-mbamission.png\")
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What have you been told about applying to business school? With the advent of chat rooms, blogs, and forums, armchair \u201cexperts\u201d often unintentionally propagate MBA admissions myths, which can linger and undermine an applicant\u2019s confidence. Some applicants are led to believe that schools want a specific \u201ctype\u201d of candidate and expect certain GMAT scores and GPAs, for example. Others are led to believe that they need to know alumni from their target schools and\/or get a letter of reference from the CEO of their firm in order to get in. In this series,<\/i><\/b> mbaMission<\/i><\/b><\/a> debunks these and other myths and strives to take the anxiety out of the admissions process.<\/i><\/b><\/p>\n The Chartered Financial Analyst (CFA) designation\u2014a grueling, three-year financial program that hundreds of thousands of people pursue each year\u2014covers many of the subjects included in a \u201ctypical\u201d first-year MBA curriculum. A CFA aspirant must study basic economics, accounting, finance, and quantitative analysis\u2014areas that echo aspects of many first-year MBA core curricula. So, could working toward the CFA designation <\/span>negatively<\/span><\/i> affect an MBA applicant\u2019s candidacy by suggesting that he\/she already has the tools an MBA education would provide and that additional studies would therefore be superfluous?<\/span> Definitely not!<\/span><\/i><\/p>\n In fact, pursuing the CFA designation reflects <\/span>positively<\/span><\/i> on the applicant in that the effort emphasizes his\/her ability to manage a rigorous MBA curriculum and establishes the candidate as a self-starter and a disciplined individual, given that CFA preparation is intense and requires several months of sustained study for each level. Furthermore, from an admissions perspective, admissions officers want to know that they are admitting individuals who are employable; the CFA charter holder has an advantage in the post-MBA recruiting world, because employers can point to the designation as a differentiator among otherwise indistinguishable applicants.<\/span><\/p>\n The CFA can also be a useful marketing tool for candidates to help them during the admissions process. Because the CFA narrowly focuses on financial tools, it does not cover a myriad of other subjects the MBA does address and that are useful to financial professionals, including marketing, operations, international business, human resource management, and entrepreneurship. The CFA is an independent and largely quantitative program and thus cannot provide the elements that the MBA offers through discussion, debate, and measuring qualitative information in decision making.<\/span><\/p>\n Together, the CFA designation and the MBA degree constitute a powerful one-two punch that can be advantageous in landing that coveted post-MBA position. ?<\/span><\/p>\n What have you been told about applying to business school? With the advent of chat rooms, blogs, and forums, armchair \u201cexperts\u201d often unintentionally propagate MBA admissions myths, which can linger and undermine an applicant\u2019s confidence. Some applicants are led to believe that schools want a specific \u201ctype\u201d of candidate and expect certain GMAT scores and […]<\/p>\n","protected":false},"author":132,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,52900,4,52899,52894],"tags":[53294,52768],"yst_prominent_words":[],"class_list":["post-15370","post","type-post","status-publish","format-standard","hentry","category-admissions-tips","category-business-school","category-mba-b-school","category-mbamission-partners","category-partners","tag-cfa","tag-mba-admissions-myths-destroyed"],"_links":{"self":[{"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/posts\/15370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/users\/132"}],"replies":[{"embeddable":true,"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/comments?post=15370"}],"version-history":[{"count":3,"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/posts\/15370\/revisions"}],"predecessor-version":[{"id":15465,"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/posts\/15370\/revisions\/15465"}],"wp:attachment":[{"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/media?parent=15370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/categories?post=15370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/tags?post=15370"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.manhattanprep.com\/gmat\/wp-json\/wp\/v2\/yst_prominent_words?post=15370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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mbaMission<\/i><\/b><\/a>\u00a0is the leader in MBA admissions consulting with a full-time and comprehensively trained staff of consultants<\/i><\/b>, all with profound communications and MBA experience. mbaMission has helped thousands of candidates fulfill their dream of attending prominent MBA programs around the world. Take your first step toward a more successful MBA application experience with a free 30-minute consultation with one of mbaMission\u2019s senior consultants.\u00a0<\/i>Click here to sign up today.<\/i><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"