Skip to main content

Best Professional Certifications for Accounting and Finance Students

 If an individual is into the field of finance, then financial accounting certification can improve the earning potential and qualify for the more positions. If one is considering getting the best accounting and finance certifications then exploring a few of the certifications will help to determine which the perfect fit is for them.

Doing certification in finance and accounts highlights that one has put in the time and effort to enhance their knowledge and skills by expanding it with better ways. More and more individuals nowadays have access to university education. Consequently, this means that bachelor’s degrees have become less valuable. Therefore, acquiring a professional certification will help an individual to stand out from the crowd and to gain an edge with the current competition.



In this article, let’s discuss the financial accounting certifications.

Financial Risk Manager (FRM)

This Financial Risk Manager (FRM) management accountant certification is accredited by the Global Association of Risk Professionals (GARP) and the professionals acquire proficiency in risk assessment. They are trained to assess risk in insurance companies, regulatory agencies, asset management firms, and banks.

Certified Government Financial Manager (CGFM)

This is among the best accounting certification expands the career opportunity as a government financial manager. It helps to attain competency in governmental accounting, internal controls, financial reporting, auditing, and budgeting. It is one of the respected qualifications that recognize the specialized knowledge in the said domain.

Chartered Investment & Management Accountant (CIMA®)

Chartered Investment & Management Accountant (CIMA®) is the perfect certification if an individual is looking to launch a global career to be an investment & management accountant professional.

CIMA professional qualification is among the world’s most uniquely designed powerful management accounting certification from United States.

CIMA® is very reliable and consists of the highly distinctive validation of advanced-level competence of professionals in two of the most rapidly growing super-specialization areas in accounting – investment accounting, and management accounting.

It is the best accounting certification, the charter offers CIMA qualified professionals with a proven promise and readiness for gathering the essential and in-demand financial intelligence, which globally several firms are in need to monitor, manage and grow their businesses and investment assets as well as portfolios.

Certified Financial Planner (CFP)

In college days, if one is among the students, who would make a budget plan for a short quick trip and divide contribution of money, then one must pursue the path to be a Certified Financial Planner. A holistic planning approach is necessary for insurance, education, tax, estate planning, asset management, employee perks, and more.

To have a bigger picture of clients’ finances, doing financial accounting certification in certified financial planner is highly recommended.

Certified Public Accountant (CPA)

The Certified Public Accountant (CPA) certification is considered as one of the most essential certifications for accountants and is also significant for a finance career path. For a career in accounting, the CPA is virtually a “must have” certification. Several employers list it as an option prerequisite for accounting positions. The CPA certification covers topics like auditing, attestation, financial accounting and reporting, business environment and concepts, and regulation.

The CPA does not have any levels and has a single exam that consists of four sections. Each of these four sections is tested separately, acting as their own exam. Completing the entire program can cost anywhere from $1,000 to $3,000, based on the jurisdiction and study program (self-study or live classes). However, accounting firms, often pay for their employees CPA fees. The pass rate for the CPA exam is around 50 percent.

Certified Management Account (CMA)

The Certified Management Accountant (CMA) is a financial accounting certification, which is provided by the Institute of Management Accountants. The CMA looks further into financial accounting and mixes in elements of strategic management. The certification is concerned with teaching the underlying aspects behind a firm’s financials and the way strategic business decisions can be derived from them.

There are no levels in the CMA certification but there is a final exam with two parts that are tested separately. The CMA can cost anywhere between $850 to $2,500 based on the student or professional and if is planning to pursue further studies. The pass rate for the CMA exams lies between 40-50 percent.

Chartered Financial Consultant (ChFC)

The finance professionals with this certification are skilled in practical applications of their knowledge. They can relate their knowledge easily to real-life scenarios and thus work as financial advisors mostly. They earn more as compared to their non-certified peer group.

They get well-versed in the integrated advanced arena of financial planning such as insurance, income tax, asset protection, estate tax, gift tax, employee benefits, and retirement planning.

Labels:

Comments

Post a Comment

Popular posts from this blog

A Guide to Choosing the Right Online Private Equity Course

A career in private equity (PE) is the main goal for most of the graduates in subject disciplines like finance or business studies. Very few get to break into this industry straight out of college. Only a few get selected from tier-1 business schools and stand a chance to work for the coveted PE firms. For undergraduate and master’s degree students who have missed the opportunity in the PE careers. They can improve their chances to be part of this growing industry by doing certain and most valuable certifications. These certifications will give the aspiring individuals relevant skills and make them career-ready. Acquiring an  online private equity course  the candidature for the PE job roles will strengthen manifolds. These certifications are completely skill-based professional certifications in finance and are highly preferred by many employers in the PE sector. One acquires a competitive edge over others by being equipped with an added PE credential. Individuals who are arme...
Post a Comment
Read more

Finance And Accounting Career Skills Required in 2023

  The field of Accounting is a vast area with several finance and accounting   career   opportunities to globally work in various kinds of industries and businesses. They have acquired a massive excitement among many youngsters and are highly preferred career path, because of its increasing demand in the current market. According to the Bureau of Labor Statistics (BLS), the Employment of accountants and auditors is projected to increase by 7 percent from the year 2020 to the year 2030, about as quickly as the average for all occupations. About 135,000 jobs for accountants and auditors are projected each year, on average, over the decade. Photo by  JESHOOTS.COM  on  Unsplash One of the most popular job roles is Management Accountant, who is in-charge of finances. They make sure to handle overall works for the accounts and seek for ways to increase the profitability. They head up a team of other financial professionals. The common day-to-day  challenges ...
Post a Comment
Read more

How to Get Accountant Jobs with No Experience?

Getting an accountant job without experience is a challenging task that graduates are not ready to face. The job market is quite intense, whether it can be from any field. The employers are looking for applicants who have account experience. We all know  a   chartered management accountant  is a trusted professional who manages bookkeeping for business and ensures it will run smoothly. Fortunately, there are multiple ways to get into the accounting profession. However, by learning accountant duties and what  accounting and finance certification  you need to become an expert in this field, you can become an expert even if you don’t have a degree. So, this blog discusses how to become an accountant without experience or a degree. What is Accounting Experience? A  career in accounting and finance  offers many job and specialization opportunities. Like, accountants, many have an interest in taxes, bookkeeping, financial analysis, and auditing; some people ...
Post a Comment
Read more