This document discusses top professional courses in accounting and finance that can boost one's career. It outlines certification courses like CMA, CPA, ACCA, as well as courses in areas like financial modeling, digital marketing, and FRM. These courses provide in-depth skills training focused on practical application in industries. They take less time than traditional degrees but offer high return on investment and salary benefits. Employers increasingly demand these specialized designations.
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EduPristine > Blog > Whichare the Top Professional courses in2020?
Which aretheTop Professional
courses in2020?
August 30 2019 Written By: EduPristine
Top Professional courses into Accounting
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2. With the increasing demand from the accounting industry,there is a
huge transformation in the way an individual is trained forthe corporate
environment. For example, repetitive accounting services are replaced
by automation.There are plenty of educational courses, offered by
various universities,that are designed to enhance the knowledge ofthe
candidates as perthe industry. But, is gaining theoretical knowledge of
the domain enough for a power-packed career start? Companies require
a candidate to know more than what has been put up in the books.There
was a need for professional courses thatwere more focused on
delivering what is expected by the companies and the industry.
What makes professional courses different from the regular courses is
thatthe regular one covers the industry in general.Whereas,
professional courses focus on a specific domain covering every aspect
ofthe subject. Professional courses are more precise courses and are
designed to train the candidate forthe on-job experience or professional
environment.These professional courses not only give the candidate a
detailed idea about howthings work in the corporate environment, but
also enable them to develop the skills thatwill help them face various
challenges professionally.
Comingbacktothetopprofessionalcoursesthatareavailableinthe
market,herearetheshortlistedones:
Top Professional courses into Accounting
. CMA (Certified Management Accountant)
Bcom CA CharteredAccountants
ProfessionalCourses
ProfessionalCoursesAfter12th Commerce
Stream
ProfessionalCoursesAfterBcom
Professionals
ProfessionalsCoursesAfterBCom
The best businessAnalysts skills
What is CPA? Whatwillbethe
Careeras a CPA
What is Investment Banking
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3. CMAcertification is very much in demand globally.The professional
certification course is offered by the Institute of Management
Accountants (IMA), USA. IMAis the only organization that offers a
CMAand operates in 140 countries with over 10,000 members.The
institute has designed the course keeping the technical
advancements in mind. Ittrains the candidate on technologies like
eXtensible Business Reporting Language (XBRL) to conductthe
accounting process.
What makes CMAso popular is the range oftopics it covers in a short
duration. It is one ofthe professional courses that offer maximum
ROI, not only on the money but also on the time invested. CMAcovers
several aspects of management accounting,which includes cost
management, advanced accounting technology and analysis,
financial reporting,forecasting, budgeting, risk management,
decision-making and analysis, and many other subjects.
Here are some factors and features to consider before enrolling
for professional courses like CMA:
CMA-US CMA-India CIMA-UK
Credentials
issuedby
IMA(Institute of
Management
Accountants),
US
The Institute ofCost
Accountants ofIndia
(formerlyICWAI),India
CIMA(Chartered
Institute of
Management
Accountants),UK
Duration 6 months 3-4years 2-4years
Approximate
Cost
INR 120k–150k INR 100k INR 200k
4. Academics 2 papers,
single-level
exams
20papers,3-level
exams
16 papers,5-level
exams
Recognition Globally
recognized
India UK &
Commonwealth
countries
Eligibility:Abachelor’s degree / Professional certification and
Two years of relevantwork experience.
Duration: Six months or more
Topemployers: Cognizant, KPMG International, DHL
Averagesalaryrange: Five lacs to Eight lacs (Source: PayScale)
(For more details click here)
. USA CPA (Certified PublicAccountant)
CPAcertification is offered by the American Institute of Certified
Public Accountant (AICPA).AICPAconstitutes of 429,000+ members
across 122 countries.ACPAcourse is an alternative to the Chartered
Accountant course (CA) in India, butwhat makes a difference is that
the CPAcourse is designed from a global perspective.
Several students in India plan to pursue CAafter 12th or graduation.
The CAcourse is offered by ICAI (Institute of Chartered Accountants
5. of India).The CAcourse takes a minimum offourto five years to
complete and the difficulty level ofthe examination is high.The
percentage of students clearing the different levels of CA
examination is extremely low.As such CPAis a more economical
option that is beneficial and fruitful.
It focuses on international standards, laws, and principles.ACPAcan
take up different roles and positions in a company including Tax
Manager,Audit Manager, and Consulting Manager.ACPAcan also
work in specialized areas of accounting like financial forensics, IT
consulting, personal financial planning, and business valuation.
CPAis recognized globally and is preferred by a majority ofthe
countries and companies.Also,the time taken to complete the
course and startyielding the benefits on the investment is
something to be considered. CPAis a more extensive course
compared to the CMAand includes topics like financial accounting
and reporting,taxation, auditing and evaluation, regulatory
frameworks and procedures, laws, ethics, strategizing, planning and
management offinances.
Here are some features that make CPAa preferred professional
course overthe CA:
Criteria CA(CharteredAccountant) CPA(CertifiedPublic
Accountant)
PASS
PERCENTAGE
16% as on 2018 Around 50% across
papers
DURATION 3-4years 2-4years
6. EXAM
STRUCTURE
3 Levelofexams Just 1 exam
OPPORTUNITIES India India and Global
EXPENSE Program cost lowiftime and
opportunitycost not accounted
Programfees slightly
higher
SALARY Ifa CAearns x amount CPAs are earning 15% –
40% morethen a (x) CA
Eligibility: Graduation
Duration:Two years
Topemployers: JPMorgan Chase, Wells Fargo, Citigroup, UBS
Averagesalaryrange: Seven lacs to Twenty lacs (Source:
PayScale)
(For more details click here)
. ACCA (Association ofChartered Certified
Accountants)
Association of Chartered Certified Accountants is a United Kingdom-
based global professional accounting body that offers the Chartered
Certified Accountant course.ACCAconstitutes of 219,000 members
and 527,000 students over 179 countries.The course offered by
7. ACCAhas the lowest eligibility criteria wherein a candidate can
pursue the course before graduation.
Similarto the CPA,this professional course also covers several
aspects ofthe accounting domain.The topics covered include
Business Accounting, ManagementAccounting, Financial
Accounting and Management, Corporate and Business Law,
Performance Management and Analysis,Taxation, Financial
Reporting,Audit and Assurance on an advanced level.
Eligibility: 12th or Graduation
Duration:Two years
Topemployers: EY, KPMG, GrantThornton LLP, Deloitte
Averagesalaryrange: Six lacs to Sixteen lacs (Source: PayScale)
(For more details Click here)
. BAT(Business Accounting andTaxation)
Business Accounting and Taxation is one ofthe professional courses
that are equivalentto a bachelor’s degree in accounting and
taxation.Aregular bachelor’s course takes three years to complete
and the syllabus designed is not an in-depth one. BATis designed
keeping the loopholes ofthe traditional educational system in mind.
The BATcourse is an intensive and in-depth study ofthe field.
8. Not only it imparts knowledge, but it also trains the candidate to get
familiarwith the differenttools and systems used in the industry.
The course trains the candidate in financial reporting using ERP
software, Goods and Service Tax (GST), MIS reporting, SAP,
QuickBooks, directtax, payroll, auditing, and much more. Compared
to the intensive range oftopics it covers,the duration ofthe
professional course in India is merely a few months.The course
ensures extremely high ROI ifyou do notwish to spend too much
time on professional courses.
Eligibility: B.Com and above
Duration: Eightweeks to twelve weeks, depending on the
program
Topemployers: Genpact, Bajaj,Adobe, Datamatics
Averagesalaryrange:Three lacs to Ten lacs (Source: PayScale)
(For more details click here)
. GST(Goods and ServiceTax)
It has not been long the GSThas been introduced, replacing all the
other indirecttaxes that existed earlier. GSTis an extensive topic
that seems complicated to understand without any professional
guidance.To make it easierfor accounting professionals to get hold
ofthe newtax system,there is a dedicated course designed for GST.
9. The GSTis one ofthe short-term professional courses in India that
focuses on every aspect ofthe newtax system.
The topics covered underthe course are basics oftax and taxation
system in India,the GSTstructures and rates as compared to the old
taxes, applicability ofthe tax in the different industries based on the
goods and services, accounting and payment of GST,filing GST
returns and tax credit composition scheme.
Every accounting professional must have updated knowledge about
the newtax system and structure. Be a student or a working
professional, a GSTcourse is a must for all.There are no eligibility
criteria for a GSTcourse and the course can be completed in a mere
32 hours duration.
(For more details click here )
Top Professional courses into Finance
. CFA (Chartered Financial Analyst)
CFAis a professional course thattrains the candidate in all the
aspects ofthe finance segment, be it analysis, estimating or
forecasting the future performance ofthe company, orfinancial and
portfolio management. CFAis offered by the CFAInstitute based in
the United States and is considered a leading industry expert.The
CFAInstitute constitutes of more than 150,000 CFAcharter holders
10. across 165+ countries.ACFAcertification is considered the highest
designation in the finance industry.
The CFAcourse covers ten key areas that include ethical and
professional standards, quantitative methods, economics,financial
reporting and analysis as per international standards, analysis of
taxes, debt, global operations, corporate finance, equity
investments, equity portfolio and performance measurements,fixed
income, alternative investments in real estate, private equity,
commodities, portfolio management and wealth planning.
Candidates who wish to gain extensive knowledge in the finance
domain prefer a CFAcourse over other master’s degrees in finance.
The demand for CFAholders is high in the market, and the profession
is well-paid thus making it one ofthe top professional courses in
India
Eligibility: Graduation + Two years of professional work
experience
Duration:Two years Six months (for all three levels of exams)
Topemployers: JPMorgan Chase, UBS, Citigroup, Bank of
America
Averagesalaryrange: Six lacs to Eighteen lacs (Source:
PayScale)
(For more details click here)
11. . Financial Modeling
Financial modeling is building tools and models that enable financial
analysis and forecasting forthe business.The financial models can
be used to study the current performance and growth ofthe
company. It can also be used to forecast and derive estimates about
future performance based on historical data, assumptions, and
various economic considerations.Aprofessional does not need
advanced software to prepare a financial model. Financial models
can be created using Excel and quantitative formulas.
Financial modeling involves working with financial statements like
Balance Sheet, Income Statement, and Cash Flow statement. Using
the three statements financial models like Discounted Cash Flow
(DCF) Model, Merger Model (M&A), Initial Public Offering (IPO) Model,
Leveraged Buyout (LBO) Model, Sum ofthe Parts Model,
Consolidation Model, Budget Model, Forecasting Model, Option
Pricing Model are created.
Financial modeling is gaining importance in every industry, as it
enables the companies to plan and strategize their business
operations and processes. Professionals in the financial modeling
segment often work in equity research, risk and credit analysis,
investment banking, commercial banking,fund management,
business planning and strategy, and financial analysis domain.
Any professional from the accounting and finance background like a
Commerce graduate, CA, CFA, MBA, or even a B.Tech graduates can
pursue can financial modeling professional course. One ofthe top
12. professional courses in India into Financial Modelling is offered by
the NSE and BSE institute.
Eligibility: Graduation and above
Duration: Sixweeks to Nineteen weeks, depending on the
program
Topemployers: Deloitte,Accenture, Oracle, Gartner, Invesco
Averagesalaryrange: Five lacs to Twelve lacs (Source:
PayScale)
(For more details Click here)
. FRM (Financial Risk Manager)
FRM courses are administered by the GlobalAssociation of Risk
Professionals (GARP, USA). GARPis a leading professional
organization for Risk managers.An FRM course trains the candidate
to analyze the different risks associated with a business, such as
credit risk, market risk, operations risk.An FRM course mainly
focuses on the risk aspect ofthe business and includes topics like
management of risk,valuation and risk models,financial markets
and products. Financial Risk managers getthe opportunity to work
with banks, consulting firms, asset management companies,
insurance,technology, and non-financial companies. Professional
courses in FRM are designed to develop logical and analytical skills
13. ofthe candidates.The demand for FRM professionals is high and
increasing rapidly making it one ofthe top professional courses in
India.
Eligibility: Graduation and above
Duration: Nine months (Two-part exam conducted in May &
November)
Topemployers: ICBC, KPMG, HSBC, Deutsche Bank, Citigroup
Averagesalaryrange:Ten lacs to Eighteen lacs (Source:
PayScale)
(For more details Click here)
OtherTop Professional courses
. Digital Marketing
Digital marketing is one ofthe segments that is gaining huge
popularity.With the advancement in technology, marketing has
taken an interesting turn.There is a noticeable transformation in the
marketing measures taken by the companies. Digital marketing
practices are more fruitful than traditional marketing methods and
hence companies are focusing on generating business through the
internet.
14. Acandidate from any domain can enroll for a digital marketing
course, and this one ofthe reasons it is considered one of
the top professional courses in India.There are more than 18000 jobs
that are generated daily and hence digital marketing has become
one ofthe fastest growing domains. But atthe same time,there is a
huge gap in the demand and supply of skilled marketing
professionals.This is one ofthe reasons that make digital marketing
a high paying profile.
The topics that are covered underthe digital marketing program are
Search Engine Optimization, Mobile Marketing and Optimization, SEM
– PPC Marketing, Social Media Marketing, Email Marketing, Marketing
Automation,Affiliate Marketing, Funnel Marketing, Growth Hacking,
Web Analytics, Content Marketing & Conversion Rate Optimization
(CRO), and Soft SkillTraining.
Eligibility: Graduation and above
Duration: Sixweeks to Nineteen weeks, depending on the
program
Topemployers:Amazon,Accenture, Dell, Cisco, Infosys
Averagesalaryrange: Five lacs to Eight lacs (Source: PayScale)
(For more details click here)
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