“Progress is impossible without change, and those who cannot change their minds cannot change anything.” – George Bernard Shaw
“Oh, so you’re still appearing for exams? Since last four years this is what I’ve been hearing. Oh come on, you wouldn’t want to miss your cousin’s wedding!” Anuradha Aunty exclaimed. Meeta’s sullen face was noticed by her mother. She persuaded the nosy Anuradha Aunty to change the topic to something which did not involve Meeta. Yet again, damage was done. Meeta had been subjected to the taunts and mocking comments of her friends and relatives since quite long. Meeta remembered the day how excited she had passed her CA Intermediate exam. And here she was appearing for her Final step of Chartered Accountancy. It had been almost 7 attempts and so much time invested in trying to clear the examination. Meeta’s parents were increasingly getting worried about her dropping confidence level, thanks to her constant failures in these exams.There are many other similar stories like Meeta. As a bright student, she chose the glamorous and one of the most difficult examinations in India, i.e., Chartered Accountancy. A mistake that almost every student does: following the herd, not analyzing his/her needs & skills, not researching future trends. Meeta always loved planning personal finances and she had the knack of finding the right investment plans. She could have considered alternative course such as the CFP (Certified Financial Planner) which she would have enjoyed more, or even passed the examination with flying colors.
From Meeta’s story we can learn that it is time to reconsider other options too. There are multiple careers with global recognitions in the field of business and finance. So why are we recommending these courses? Of course, globalization has brought in a sea wave of change in the requirements of the companies. The growing interest of foreign companies in India has resulted into a revolutionary change in the expectations from finance candidates. Today, many of them are in the lookout of candidates who can fit in the ‘global setup’, understand global financial reporting requirements and adapt to the growing challenges of constant changes. While hot careers in India like Chartered Accountancy and MBA Finance certainly pay a handsome salary, many students find it difficult to clear through the funnel system of these highly competitive examinations. Plus, there is cut-throat competition with many candidates vying for their dream jobs. So, instead of embracing frustration, why not embrace some change?
Let’s explore other options by qualifications.
- Chartered Institute of Management Accounting (CIMA)
- Chartered Financial Analyst (CFA)
- Certified Financial Planner (CFP)
- Association of Chartered Certified Accountants (ACCA)
- Certified Public Accountants (CPA)
- Financial Risk Management (FRM)
- International Financial Reporting Standards (IFRS)
Advantages of these GLOBALLY RECOGNIZED courses.
This professional course is recognized in almost 179 countries. Other than laying foundation for core accounting and finance principles, it also prepares you for building your own business. Currently requirement of CIMA qualified candidates is intensifying in MNC’s although the supply is too low.
CHARERED FINANCIAL ANALYST (CFA) PROGRAM :
This course aims at nurturing your skills of real-world investment analysis and portfolio management skills. Globally accepted, it certainly gives you an opportunity to expand your realms and work for major investment firms.
CERTIFIED FINANCIAL PLANNER (CFP) PROGRAM :
This qualification helps you to give comprehensive financial advisory services to individuals, encompassing various domains such as insurance, retirement, investment, taxation and estate planning. Recognized over 20 countries, there is an increasing demand for these professionals.
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) :
This professional course is recommended for those looking out for a global career in accounting. It is beneficial for those who either wish to practice abroad or work in a global setup from India.
CERTIFIED PUBLIC ACCOUNTANTS (CPA) PROGRAM :
CPA is the highest qualification in the field of accounting in the United States, just like the Chartered Accountancy course in India. This qualification is accepted globally including India. MNCs working in diverse geographical regions prefer CPA qualified candidates. Moreover, you can also set up practice in the United States.
INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) PROGRAM :
The International Financial Reporting Standards developed by the International Accounting Standards Board (IASB) stipulating and providing a global framework for accounting standards to be applied while preparing the financial statements. The Diploma in International Financial Reporting (DipIFR) by ACCA, UK program aims to impart knowledge on IFRS.
FINANCIAL RISK MANAGEMENT (FRM) QUALIFICATION :
The Financial Risk Manager (FRM) program conducted by The Global Association of Risk Professionals (GARP) program aims to furnish a comprehensive education in Financial Risk Management and is an ideal program for candidates desiring to get the top Financial Risk Management profiles.
IMS Proschool, an initiative of IMS Learning Resources Pvt. Ltd. offers you certifications and training programs in CIMA, Financial Modelling, CFA, CFP, and Business Analytics. We recommend you to think differently.
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