This is one of the best finance certifications program you should pursue if you’re looking to master financial management and investment. It has three levels that you need to clear and you also need to have 4 years of full-time, relevant experience to get certified. The course is very rigorous and you need to study hard to clear it. The pass rate is lower than any other finance certifications – overall, the pass rate of CFA is less than 20%.
Career/Roles – For availing jobs in asset management, private equity, equity research, investment banking, you should do CFA finance certifications.
CPA-CERTIFIED PUBLIC ACCOUNTANT
If you love accounting (more than finance), this is a certification that is the best of the best. It is authorized by the AICPA (American Institute of Certified Public Accountant). This finacne certification is specifically designed for accountants and tax consultants. CPA certification requires 150 hours of intensive study. And then you need to clear a tough exam. Along with that, you need to get a CPA license.
FRM – Financial Risk Manager
If you want to become a risk analyst in an organization or want to make your mark in risk management, this is the ideal certification for you. you can complete FRM-I and FRM-II in a year (but it’s not that easy). FRM is administered by GARP (The Global Association of Risk Professionals). The pass rate of FRM is around 50%, but every year the percentage changes.
Career/Roles – FRM is one of the finance certifications program that’s niche and only target a specific market. The only con of this finance certification is that the subject material won’t be applicable for all kinds of finance professionals until they’re interested in risk analysis and management.
CFP – Certified Financial Planner
If you want to hire a financial planner or want to be one, you should look out for CFP certification. CFP is not only about just finance, it’s also about understanding one critical element of business and that is client-relationship. To pass the CFP, you need to clear a 7-hour test. If you want to pass CFP, you need to study at least 1000 hours. However, after passing this exam, you can be part of wealth management, retail banking, and private banking careers. This finance certification program is top-notch and it also costs less, only around $2000. The overall pass rate for CFP was 64% in the year 2017.
CIMA - Chartered Institute of Management Accountants
CIMA (Chartered Institute of Management Accountants, UK) is for those who are looking for comprehensive knowledge in management accounting. In fact, it widens the scope of accounting by aligning its curriculum with strategic and risk management which is very useful from a business management point of view.
It is a comprehensive 4-tier certification program divided into certificate and professionals levels. One can earn CIMA Certificate in Business Accounting by completing the basic level and qualify for professional level studies which are further divided into three learning pillars including enterprise, performance and financial knowledge areas. Each of these pillars is further sub-divided into operational, management and strategic levels, resulting in a total of nine knowledge areas covered as part of professional studies.
ACCA - Association of Chartered Certified Accountants
The association of chartered certified accountants is a very competent and a leading accounting global body their qualification gives you recognition as an employee who has the ability in all aspects of the business. The term Chartered Certified Accountant is protected legally as anyone who claims to be a chartered certified accountant has to be a member of ACCA.
• Exams: ACCA consists of in total 14 written examinations in English, along with a business experience that is relevant enough. 4 exams can be taken up in each part which normally takes about 2 to 3 years to clear; however maximum time given to clear ACCA is 10 years.
• Exam Dates: These exams are held twice a year that is in June and in December.
• Eligibility: Registering in different countries has different eligibility criteria’s for this course also the candidate needs to have relevant experience to have this finance certification. Career/Roles – Banker, Consultant, Auditor, taxation and law professionals.
CAIA – Chartered Alternative Investment Analyst
If you’re particularly interested in hedge funds or asset management, this is the ideal finance certification program for you. By doing this certification, you would be able to catapult your career toward hedge fund or asset management industries. The chief subjects that are covered under this finance certification are private equity, hedge funds, ethics, risk management, asset allocation, and structured products. The fees of the certification are geared toward a higher range, i.e. around $3000. The certification is divided into two levels. The pass rate of this certification is quite high, around 70%. CAIA certification would take around 12 to 18 months to complete. Since it’s focused on very niche subjects, the scope of the certification is also limited.
CHFC – Chartered Financial Consultant
If you’re somehow unable to go for CFP certification, you can go for CHFC certification. This certification is a great alternative because it not only covers everything you will learn in CFP, it will also help you specialize. For example, the CFP certification will teach you how to be a financial planner in a generic sense. ChFC certification will help you specialize in financial planning e.g. financial planning for small businesses or financial planning for divorce. This is though not very popular finance certifications, but it is one of the game-changer in financial planning. It is administered by the American College of Financial Services. If you want to specialize in financial planning, you need to study four months under this certification and clear the exam.
Career / Roles – Financial Planner, Wealth Management.
CMA – Certified Management Accountant
If you want to get into management accounting, you won’t get any better certification than this. This is one of the most sought-after finance certifications & accounting. After passing out from CMA, you will get more opportunities on the corporate side. Finance certifications program are authorized by Institute of Management Accountants (IMA). The whole course is divided into two parts. And as a whole, you need to sit for 11 financial competency tests. In simple words, this certification will give you a strategic advantage in the field of management and accounting. As per the study, a CMA earns 47% more in the US than any other professional. If a lucrative career and financial gains seem like a good idea, you should go for CMA certification.
Career / Roles – Management Accountant, Accounting.
CMFC – Chartered Mutual Fund Counselor
If you want to multiply your money, you would like to invest in mutual funds. And for that, you need someone who is specialized in mutual funds. If your mutual fund advisor has done CMFC certification, then be assured that you’re in good hands. Or else, if you want to do a finance certification program in a mutual fund, look no further than chartered mutual fund counselor certification. This is a short course of 10 weeks. And you need to pass the exam after the course. This course is administered by the College for Financial Planning. This course includes the project work regarding mutual fund industry and related to other products of investment.
Career/ Roles – Wealth management, Mutual Fund Advisor.
A business organization can grow well if it has a strong accounts department. Moreover, it is the accounts department which can draw up a good resource utilization program and cost saving mechanism so that the profit margin of the company can be increased. Cost and management accountancy in particular is one subject which deals with this problem and helps in evaluating and managing costs.
The Institute of Cost Accountants of India (ICAI) which was formerly known as Institute of Cost and Works Accountants of India (ICWAI) is the only professional body specialized in the field of Cost and Management Accountancy in India aims at imparting coaching and training in the subject of Cost & Management Accountancy.
Professional Courses
Cost and management accountancy can be pursued after 10+2. The course comprises of three stages:-Foundation, Intermediate and Final. The minimum age for enrollment is 17 years.
1. FOUNDATION: Candidates who have passed senior secondary under 10+2 scheme in any disciplineshall pass a Foundation Course Examination to become eligible as a student for IntermediateExamination. The Foundation Course has the following subjects.
o Business Fundamentals and Economics
o Management and Organization
o Basic Mathematics and Statistics
o Commercial Laws
2. INTERMEDIATE: Candidates who have completed graduation in any discipline or those who havecleared the Foundation Examination are eligible for registration for the Intermediate Examination. Itis obligatory for registered students to undergo either postal or oral tuition imparted by the Institutebefore appearing for the Intermediate or Final Examinations. The following are the subjects in the Intermediate Examination.
GROUP I :
o Financial Accounting
o Cost Accounting
o Corporate Laws and Secretarial Practice
o Direct Taxation
GROUP II :
o Cost and Management Accounting
o Auditing
o Indirect Taxation
o Quantitative Methods
3. FINAL: After clearing the Intermediate Examination, students are eligible to appear for the final examination. The subjects in the Final Examination are
GROUP I :
o Advanced Financial Accounting
o Information Technology and Computer Applications
o Operations Management and Control
o Project Management and control
GROUP II :
o Advanced Management Accounting - Techniques and Applications
o Advanced Financial Management
o Advanced Management Accounting - Strategic management
o Cost Audit
Colleges, Institutions and Universities
The Institute of Cost and Works Accountants of India was given statutory recognition by the central government in the year 1959. The Institute has 4 Regional Councils at Mumbai, Calcutta, Chennai and New Delhi.
Specialization
After successfully clearing all the papers of both Intermediate and Final Examinations, students can apply for the Associate ship of the Institute. Students having practical experience of 3 years in field's of financial/cost accounting and commercial aspect of an industry can apply for the Associate ship.
Career Prospects
A qualified Cost Accountant leaves for himself, plenty of career options. The recognition granted by Central and state governments has added to their career prospects. The importance of the profession ineconomic development of the country has led to their involvement in advising the government in costand pricing policies and also in framing of tax and fiscal policies. They are treated at par with other class- I services. In organizations like Railways, Indian Army, Nationalized Banks services of Cost Accountantsare often required for costing, budgeting, auditing purposes. They can also pursue teaching in variousuniversities as Professors, Readers, and Lecturers.
Apart from the opportunities available in the government sector, Cost Accountants can also look forward to the corporate world. They can work as executers, administrators, appraisers, values, Secretarial and tax consultants, advisors etc. With advancement in career and experience, they can evenrise to top positions like Financial Auditor, Financial Advisor, Finance Director etc. .
After passing out the 12th standard, a student in India has various options to choose from, a career through own interested field or a career guidance after 12th from an expert. If you finished high school in humanities or arts stream chances are that you’ve already been looking to attain an insight into the various fields of education in the line. Perhaps, with an aim to avail education in the most suitable academic career after 12th arts you may have been seeking career guidance after 12th from experts in the field. How about some detailed insight into the career choices from specialists in the industry? Keeping in mind that students today require updated information and various career options after 12th from the changing career scenarios, here’s such professional courses that you can choose to pursue after completion of 12th std arts.
Fashion designing is one of top emerging career options after 12th , There are various top fashion design institutes in India that offers diploma courses, graduate level courses, post graduate courses and more in apparel marketing and merchandising and it is adjudged best courses after 12th. The 12th arts student gets to attain knowledge in garment design technology and manufacturing. These are the fashion designing courses that is mostly made for those less than 25 years of age and want to create a mark in the fashion designing industry. Some of the popular colleges that are the leaders in providing fashion design professional courses to the young minds fresh out of school are:
While choosing career after 12th arts students have access to courses in event management that provides an edge over those who do not have such a degree and also a great career options after 12th. The training ensures students enrolling for such a certification get to know all about the insights of the field. This enables them to smoothly organize any kind of event in the country or even abroad. The institutes through their professional courses make sure that all of their students get to work at certain event management companies as intern to attain adequate experience.
There are many MNCs coming for business in the country and essentially set up their presence in various towns across the nation. For them the language barrier can be huge and hence such organizations look for people specialized in foreign languages. Anybody whose interest field is learning and teaching the foreign language can choose it as a career options after 12th . Most of these services require Spanish, French, Korean, Japanese, Russian speaking experts among others. The best part is that there are so many foreign language professional courses that are being taught in the country
If you want to enter into the world of glamour and attain recognition, it’s good to join an acting course as a career options after 12th. There is of course the need to be imaginative, a great observer and sensitive to tings around you to fit the bill of being an actor. Carving your skills through potential training with exposure to various avenues of acting like theatre and cinema is vital. The ability to join such acting training institutes depends on the requirements and qualifications of the candidate.
In the world that we live in where every person wants to look beautiful, the popularity of such beauty training courses is evident as a choice of career after 12th arts. The need to look good and enhance their appearance has compelled most people to seek professional help. It has resulted in numerous beauty salons and spa’s being opened across the country and it is one of the best career guidance after 12th
Career in dance is an off beat choice of a career after 12th arts, Candidates with proper training and qualification from a recognized dance school can attain a career as a choreographer, solo performer, dance troupe performer or even become a teacher in dance schools and academies . There are certain institutes that offer research fellowships on dance projects accompanied with stipends
Presently, an off-beat career after 12th arts choice in entrepreneurship has gained immense popularity due to stiff competition and even lack of opportunities in formal sectors. There are dozens of youth looking for career guidance after 12th with a desire to do something different and dreams to pursue their own business venture. This course is slowly gaining popularity and education experts consider it as one of the best courses after 12th The reputed training institute in this field are :
If you like to serve others, then a career after 12th arts in hospitality is certainly an option that you can avail. Such courses open the doors in hospitality industry at various levels. Qualified professionals can be absorbed in such positions. It is a part of the travel and tourism field presently in the industry. There are multiple opportunities for professionals in the sector and Hotel management considered as one of the best courses after 12th
The term audio and visual is usually the culmination of both sound and vision. The use or production of these components involves the inclusion of such equipment. It is one of the best courses after 12th inclusive of journalism, film making, media promotion, brand promotion, photography, media studies and planning