The field of finance is thriving globally, and the demand for fresh minds never ceases. This is one of the reasons why finance courses are among those in the highest demand nowadays.
While there are ample opportunities in this sector, there is also fierce competition. Below are some of the best options for courses to explore finances in 2019.
Masters Of Business Administration (MBA In Finance)
MBA in finance is one of the top choices if you want to go for finance studies in 2019. An excellent career path in MBA is defined, however, by the reputation of the institution where you pursue it. The IIMs are among the most sought after MBA institutions in the country.
This examination defines your eligibility to study in the top MBA institutes. The duration of the course is 3 years and requires you to at least have a graduate degree.
The best employers form a stellar list which includes the likes of Accenture, Microsoft, Amazon, JP Morgan, and Bank of America. Besides, the average salary lies between 6 lacs and 10 lacs per annum.
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Chartered Accountant (CA)
Becoming a Chartered Accountant (CA) is one of the dream jobs of many commerce students. The CA exams are organised by the Institute of Chartered Accountants (ICAI). It requires you to complete 3 examinations which are IPCC, CPT, and the final CA. The IPCC exam comprises of two groups.
After one of the groups is cleared, the students have to register for articleship under an experienced Chartered Accountant. This has to continue for two and a half years.
Once the two groups of IPCC are successfully completed and after the articleship is finished, you can attend the Final CA exam.
The Final CA comprises of two exams too. After you complete these, you officially become a Chartered Accountant. The eligibility includes graduate degree and a two and a half years of work experience.
The course is of 3 years duration. Furthermore, there are some iconic companies looking for CA graduates including Accenture, Tata, Deloitte, HDFC, and EY. The salary range lies between 7 lacs and 20 lacs.
Masters Of Commerce (M.Com)
M.com is one of the most popular choices among finance aspirants. Many students after completing theirB.com opt for M.com. there are thousands of recognized institutes for this course.
Generally, it is a systematic study of subjects like Business, Statistics, Finance, Accounting, Marketing, Taxation, Economics, and Management. In order to study this course, you need to be a graduate.
The course duration is 2 years. There are ample opportunities for jobs in many reputed corporate companies such as WNS Global Services, EY, Genpact, Infosys BOP, and TCS. The common salary average lies between 3 lacs and 5 lacs.
Chartered Financial Analyst (CFA)
The Chartered Financial Analyst (CFA) is one of the highest standards in the investment industry. It creates more than 5000 domestic jobs every day. Besides, it is a globally recognized qualification provided by the CFA Institute.
There are several institutions that offer this course but the most prestigious of all is the EduPristine. They offer excellent training to students for all three levels of CFA examinations.
There are self-study packages, classroom training, and live online training on offer. Becoming a CFA charter will enable you to move abroad easier as there is a global demand for quality candidates.
The eligibility includes more than two years of professional work experience and a graduate degree. The total duration of the course is 2 years and 6 months.
Top employers are giants like Citigroup, Bank of America, UBS, and JP Morgan Chase. The average range of salary lies between 6.5 lacs and 18 lacs.
Certified Management Accountant (CMA)
If you aspire to work for a multinational company, then you need to have an international certification like the Certified Management Accountant (CMA). The course is offered by the Institute of Management Accountants (IMA) in the USA.
The content is regularly monitored by the Institute of Certified Management Accountants (ICMA). The completion of this course requires you to complete 2 examinations.
The course requires you to conduct a deep study of decision support, analysis, control, financial planning, professional ethics, and professional expertise. It prepares you to be employed in a reputed company.
One needs to have completed the graduation and must have more than 2 years of experience to study this course. It lasts for more than 6 months.
The top employers include DHL, KPMG International, and Cognizant. Besides, the average scale of salary obtained lies between 5 lacs and 8 lacs.
US Certified Public Accounting (CPA)
The US Certified Public Accountant (CPA) is considered to be among the highest standard in the field of accountancy worldwide.
The examination of the course is held by the American Institute of Certified Public Accountants (AICPA). This happens to be the world’s largest accounting body. The completed course is equivalent to the Indian CA qualification.
However, the graduate will have deep knowledge about Generally Accepted Accounting Standards (GAAS), IFRS (International Financial Reporting Standards), US Generally Accepted Accounting Principles (GAAP), and the US federal taxation and business laws.
This gives an upper hand to the US CPAs working for American Clients in India. The course comprises of four exams.
Following an MBA in finance, M.Com, or ICWA with US CPA could add more worth to your resume. It lasts for 2 years and there are several reputed employers like UBS, Citigroup, Wells Fargo, and JP Morgan Chase looking to recruit.
The average pay scale ranges from 7 lacs to 20 lacs.
Above are some of the most sought after courses to explore in the year 2019. These programs open numerous opportunities to those who aspire to build a glorious career in finance and related fields.
This sector is highly engaging, competitive, and also high paying. Therefore, this sector can be pursued for there are ample job opportunities opening up every day.