Becoming a CA requires years of hard work and preparation from the students. However, there is currently increased competition in the business because chartered accounting is one of the most sought-after degrees. Although options for chartered accountants have multiplied, obtaining a second degree or certificate will set you apart from the competition. Although you can complete the additional courses while pursuing the CA degree, most students choose to do so after the CA course.
The dual educational qualification will benefit you greatly, offering you access to better employment positions and greater income in prestigious business organizations. Read through the top 13 choices if you’re unsure about the courses you can take in addition to CA. Completing any of these courses in addition to your CA degree can open up game-changing professional prospects and ensure a raise in your CA pay.
Courses to do Along with CA: 13 Best Options for You
1. CMA (Cost and Management Accountant)
The CMA course combined with the CA course will be beneficial if you have chosen to pursue a career in costing, one of your favorite subjects from the CA course. If you practice, you can get well-paying positions in industrial firms or with prestigious, high-end clients.
Since 70% of the CA syllabus is comparable to the CMA course, CA students are likewise eligible for exemptions.
Explore Course : https://agrawalclasses.in/cma-foundation-classes/
2. CS (Company Secretary)
If you wish to pursue dual specialty with CA, a degree in CA plus CS courses is a great mix. You won’t have much trouble controlling your study time because the topics in the CS Course are simple and comparable to those in the CA course. The extremely low CS fee allows you to earn dual-course degrees for the lowest possible cost. Combining a CA with a CS course is a great way to advance your career. Jobs including management and administration as well as customer accounts and finance are readily handled by you. This will enable you to advance up the career ladder.
Explore Course : https://agrawalclasses.in/cseet-face-to-face-batch/
3. CFA (Chartered Financial Analyst)
Possibly one of the greatest possibilities for courses to take in conjunction with CA is CFA. However, if you are interested in the stock market, corporate finance, investment banking, equities research, portfolio management, or the finance industry in general, it is not advised for all CA students. Like CA, CFA is an internationally recognized degree program.
Since this program’s tests are held frequently, there’s a strong chance you can fit it in around your CA exam schedule. Due to the course’s ease of learning and similarities to several CA course topics, CA students also have an advantage in the first CFA level. However, because both courses need time and attention, some students find it inconvenient to take a CFA course in addition to a CA degree. You can take the CFA course after the CA course if you believe that taking the courses concurrently will negatively impact your performance.
For students who wish to hold senior positions in prestigious global corporations, a combination CA+CFA degree is the ideal path. You can expect your first salary package to range from 8 to 15 lakhs.
What are the career options after 12th?
4. MBA (Masters of Business Administration)
For good reason, MBA is one of the most desired degrees to take in addition to CA. It enhances your academic background and gets you ready for the corporate world. An MBA in finance concentration is another option if you want a more career-focused approach.
The value of an MBA with CA will, however, only increase if you study the degree at a reputable university; it is preferable if you enroll in the program as a regular course. How come? since acquiring advanced management abilities will be your primary goal, as opposed to merely receiving a degree. These abilities will assist you in moving up to executive roles in large corporations.
Completing an LLB course will be highly beneficial if you think the legal topics in the CA course are fascinating and worthwhile to pursue as a major in your career. You may competently handle situations including corporate law, civil law, international law, labor law, family law, patent law, etc. if you have a solid understanding of CA courses and the law.
Having a degree in law will help you become more knowledgeable about the law and be able to provide your clients a wider range of services if you are also practicing as a certified public accountant.
6. FRM (Financial Risk Management)
FRM is a highly sought-after certification program, and people pursuing CA can advance their prospects for professional advancement in the financial industry. You will gain exposure to the field’s practical work through the FRM course.
The best companies in India hunt for applicants with risk management abilities as well as finance knowledge and related capabilities. Thus, this training will enhance your knowledge and résumé. An applicant with degrees in FRM and CA can make, on average, between 7-8 lakh per year.
7. CIMA (Chartered Institute of Management Accountants)
The greatest course to take in addition to CA is CIMA. Additionally, the program is internationally recognized, which will improve your employment chances. Your understanding of management is expanded from accounting in this course. You’ll pick up abilities like people management, leadership, and more.
Because there are numerous exemptions available, the CIMA process is short and simple for CA students.
8. CIA (Certified Internal Auditor)
The CIA course, when taken in conjunction with CA, is appropriate for all CA students who intend to pursue careers in the auditing vertical. You will get professional-level internal auditing abilities from this training.
It is an internationally recognized course that IIA USA awards. You can take the exam at any time of year, and it is administered online. With their busy schedules, all CA students will find this to be quite convenient.
9. ACCA (Association of Certified Chartered Accountants)
You are not required to take all of the ACCA exams if you have passed a majority of the CA Intermediate or CA Final papers. You will only need to submit a small number of supplementary papers because ACCA and CA cover many of the same topics. You’ll receive an exemption for other documents.
A degree in CA+ACCA will give you an advantage over other candidates when you apply to India’s Big 4 CA firms and improve your chances of landing a job overseas.
10. CPA (Certified Public Accountants)
Students who wish to study abroad after completing the CA program must take the CPA course in order to get familiar with US GAAP. If you wish to work as a public accountant in the United States, you must take this course. Along with a CA, certain international organizations in India now demand that you complete a CPA degree. However, you won’t be able to take advantage of all the employment chances and your maximum potential with this dual course education background in India.
11. Financial Modelling
Your exploration of research, analysis, project finance, and related fields is aided by the financial modeling course. Since this course does not confine you to the fields of accounting, taxation, and auditing. Making financial models and using spreadsheets effectively will become second nature to you. This training will boost your productivity and provide you a competitive advantage, even for those who aim to land a high-paying position. For individuals who wish to pursue a career in practice, this course is very beneficial. Together with your CA knowledge, the financial modeling techniques you acquire in this course will help you produce accurate and persuasive project finance reports for your clients.
12. CFP (Certified Financial Planner)
You will become an expert who can direct people and investors toward the best financial investment solutions with the CFP extra certification. CFP is becoming more and more of a professional option in India, as several banks have mandated it for their relationship managers.
There are five levels in the CFP course; applicants for the CA are excluded from most of the levels. For students who wish to work in the tax or finance industry, CFP is a great course to take in addition to CA.
Learn More : https://agrawalclasses.in/