CISA, CIA or CFA

  • Creator
    Topic
  • #193508
    Michael
    Participant

    so i dont know anyone has some insight on them. but i’m done with my CPA (yahooooooooooo) and I told myself I would never sit for another exam, but here I am. I find myself still with to much free time so i’m thinking about studying for somethign else. My criteria on trying to figure out whats the best for my career is

    1. Which one holds more weight
    2. Which one won’t destroy my life like the CPA

    I understand those two kinda contrdict themselves. I have some people that say the CIA is worthless once you get a CPA. The CISA is good but I dont think i’m going to ever go down the IT road. and the CFA i understand will be the hardest but could eb the best for my career.

    I’m in internal audit now for an insurance company working in their investments department.

    Thanks for the help.

    REG - 63,74,70,81!!!
    FAR - 44,73, 81!!!!
    AUD - 51,81!
    BEC - 73,77!!

    3 years later and I'm officially done. Never give up no matter what!

Viewing 15 replies - 1 through 15 (of 15 total)
  • Author
    Replies
  • #662806

    I think the CISA would be more beneficial in the long run, info systems get bigger and bigger, and someone with better knowledge, or certifcates may be held to a higher weight.

    #662807
    CPA2B_NJ
    Member

    On the same topics, does CFE also helps or do people view it with less weight?

    FAR - 50, 78
    BEC - 67, 72, 75
    AUD - 72, 80
    REG - 70, 85

    To God be the glory! Forever, amen!

    NJ License

    #662808
    Anonymous
    Inactive

    If you want to be an internal auditor- do the CIA
    If you want to be an IS auditor- do the CISA
    If you want to be a portfolio manager- do the CFA

    Otherwise, get a hobby or read a book or something.

    #662809
    Michael
    Participant

    and what if your 26 and have no idea what the hell you want to do for the rest of your life but still want to study while youre young?

    REG - 63,74,70,81!!!
    FAR - 44,73, 81!!!!
    AUD - 51,81!
    BEC - 73,77!!

    3 years later and I'm officially done. Never give up no matter what!

    #662810
    ti807910
    Member

    I got my CPA, worked for Big 4 for a little over 2 years but always wanted my CIA. I recently got a job as an internal auditor and one of their expectations was that I get my CIA. It's nice because it is free and I can add more certification to my name. It's about $800 for the exams and another $500 or so for the testing materials, plus membership to the IIA. I don't know if I would have paid for that. It's not too hard. I took Part 1 so far and passed it on the first try. We'll see how the other two sections go.

    I think I still want the CISA too because the IT auditors seem to make more than any of the internal auditors. They are extremely valuable and the CISA I think would help get yourself experience with that.

    I don't know if anyone here has a CFA or how that would be useful. Some have the CFE though, especially the fraud team.

    Like the other poster said, I think it depends on what you want to do. CIA is general, CFE for fraud, CISA for IT.

    FAR: 72, 68, 73, 78 (passed)
    REG: 61, 70, 73, 63, 78 (passed)
    AUD: 65, 84 (passed)
    BEC: 89 (passed)

    NASBA gave Doby a passing score, Doby is freeee!!

    #662811
    Anonymous
    Inactive

    michael-

    I don't know what type of employer you're with, but you'd be better off working harder and getting into new experiences than getting a few extra letters after your name.

    You got the big one.

    #662812
    overapplied
    Member

    The other thing about the CISA is that they make up a good portion of the certification in years of experience working in IT audit. There is a flat base 5 years of experience in IT audit required. This is reduced by … bachelor's degree – 2 years, other audit based certification (as approved on an individual basis) – 1 year. I have heard CPA counts but have yet to apply for my certification. So you would at least be looking at performing in an IT audit role for a minimum 2 years, maximum 3; and you need someone to sign off on your experience (I have heard this can be a CPA/CISA).

    AUD - 75 - 07/06/2012
    FAR - 72, 74, 82 - 05/30/2013
    BEC - 84 - 01/16/2013
    REG - 60ish, 84 - 08/16/2013

    CISA - Passed

    #662813
    cpame
    Member

    @ti807910 how difficult was part 1 of the CIA? i.e., how many hours did you study?

    FWIW, there's a requirement of several years doing IT work to qualify for the CISA

    B: 88 2/25/14
    A: 81 5/12/14
    R: 71, 84
    F: 78 10/14/14

    #662814
    CPA2B_NJ
    Member

    Have you also considered going for your MBA part time?

    FAR - 50, 78
    BEC - 67, 72, 75
    AUD - 72, 80
    REG - 70, 85

    To God be the glory! Forever, amen!

    NJ License

    #662815
    overapplied
    Member

    The CISA exam itself is not that hard. I studied about 2-3 hours 5 days a week for about two months to pass it. It is work related for me… but the basic thing about the test is you need to know how to break down and analyze information and that is what the CPA exam teaches.

    AUD - 75 - 07/06/2012
    FAR - 72, 74, 82 - 05/30/2013
    BEC - 84 - 01/16/2013
    REG - 60ish, 84 - 08/16/2013

    CISA - Passed

    #662816
    Michael
    Participant

    Thanks guys. I think i've narrowed it down to CISA. CIA is great for internal audit but i dont know if i want to stay in internal audit my entire life. CFA might be to much of a commitment right now (i'm still in celebration mode). CISA seems to be the easiest but can let me market myself as having an overall knowledge on things.

    I wouldnt go for my MBA my school program let me get my bachelors and a MS all in one shot for my CPA Exam.

    REG - 63,74,70,81!!!
    FAR - 44,73, 81!!!!
    AUD - 51,81!
    BEC - 73,77!!

    3 years later and I'm officially done. Never give up no matter what!

    #662819
    fsugirl2005
    Participant

    @ Michael

    If you have that kind of time on your hands, why not go into public accounting? Depending on how busy your firm is, you probably won't have time nor energy to study for anything. At least you'll probably make more money and get more experience.

    AUD - 10/21/16 (75----07/2010 expired)
    FAR - 10/28/16
    BEC - 11/2016
    REG - 01/2017

    Using Gleim CPA Review, Ninja Audio, Ninja Book

    #662820
    mw798
    Member

    FYI – It takes the average CFA holder 4 years to complete all three levels of the exams. It's not only time consuming but also ridiculously difficult. Also, the payoff isn't immediate, but it is something that will separate you from the rest of the pack when coupled with relevant experience.

    Of the three designations you listed, the CFA is the most valuable and most prestigious, but like I said, it's time consuming, very difficult, and the payoff isn't as immediate. But if you want to stay in investments, a CPA coupled with a CFA will open doors for you.

    Personally, I wouldn't bother with the CIA after you have your CPA and would only get the CISA if you want to be an IT auditor.

    However, have you thought about the CMA? That's pretty relevant if you want a career in financial accounting or corporate finance.

    #662821
    rp 12
    Participant

    @Michael are you working for MetLife?

    "Success in life comes when you simply refuse to give up, with goals so strong that obstacles, failure, and loss act only as motivation"

    AUD: 68, 62, 77✔ (expires 10/31/16)
    FAR: 53, 48, XX (retake 6/16)
    REG:
    BEC: 53

    #662822
    rbcpa
    Participant

    I'm in the same dilemma. I want to do my CFA and the CISA, and I also want to go to law school or do I get a masters in tax? I had a job at the big four firm but the environment was so bad that I left after seven months. So now I don't know if I should spend time studying or getting a new job. I just feel so old at 26 right now lol and still don't know what I want to do in life…any advice?

     
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    BEC - PASSED
    AUD - PASSED
    REG - PASSED
    FAR - PASSED

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