It takes years of dedication and preparation on the part of the student to become a CA. However, because chartered accounting is one of the most sought-after degrees, there is currently more rivalry in the industry. Even if there are more opportunities for chartered accountants than ever before, getting a second degree or certificate will make you stand out from the crowd. While the additional courses can be completed in conjunction with a CA degree, most students opt to do so following the CA course.
You will gain a great deal from the dual educational qualification, which will provide you access to better jobs and higher salaries in esteemed corporate institutions. If you’re not sure what courses you can do in addition to CA, go through the top 13. In addition to your CA degree, completing any of these courses can guarantee an increase in your CA wage and lead to career opportunities that could change the game.
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Courses to do Along with CA: 13 Best Options for You
1. CMA (Cost and Management Accountant)
If you have decided to pursue a profession in costing, one of your favorite subjects from the CA degree, the CMA course in conjunction with the CA course will be helpful. With practice, you can land high-paying jobs with prestigious, high-end clients or in industrial organizations.
CA students can also receive exemptions because the CMA course and 70% of the CA syllabus are similar.
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2. CS (Company Secretary)
Taking CS classes in addition to CA courses is a wonderful combination for a degree in dual specialization with CA. Because the concepts in the CS course are straightforward and similar to those in the CA course, you won’t have much issue managing your study time. You can obtain dual-course degrees at the lowest possible cost because to the incredibly low CS fee. A smart strategy to boost your profession is to take a CS course in addition to a CA. You may easily handle jobs including client accounts, money, and management and administration. You’ll be able to climb the professional ladder by doing this.
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3. CFA (Chartered Financial Analyst)
CFA is arguably one of the best options for courses to take in addition to CA. It is not recommended for all CA students, nevertheless, if you have an interest in the stock market, corporate finance, investment banking, stocks research, portfolio management, or the financial sector in general. Similar to CA, CFA is a degree program recognized worldwide.
Tests for this program are offered often, so there’s a good possibility you can fit it in around your schedule for your CA exams. CA students also have an edge at the first CFA level because of the course’s simplicity of learning and resemblance to various topics covered in CA courses. However, some students find it hard to take a CFA course in addition to a CA degree because both courses require time and attention. If you think that doing the two courses at the same time will hurt your performance, you can take the CFA course after the CA course.
A combination CA+CFA degree is the best option for those who want to work in senior positions at famous international companies. Your initial compensation payment should come in the range of 8 to 15 lakhs.
CA after 12th or Bcom | Best Time to Start CA Course Preparation
4. MBA (Masters of Business Administration)
Along with CA, one of the most sought-after degrees to pursue is MBA, and for good reason. It strengthens your educational background and prepares you for the business world. A more career-focused option would be to get an MBA with a concentration in finance.
However, the value of an MBA with CA will only rise if you study for the degree at a recognized university; enrolling in the program as a regular course is preferred. Why is that? since your main objective will be to obtain advanced management skills rather than just a degree. These skills can help you advance to senior positions in major corporations.
5. Law
If you believe that the legal topics covered in the CA course are interesting and worth pursuing as a major in your career, then finishing an LLB course will be very helpful. If you have a strong foundation in CA courses and the law, you may manage circumstances involving business law, civil law, international law, labor law, family law, patent law, etc. with competence.
In the event that you are simultaneously working as a certified public accountant, having a law degree will enable you to provide your clients a greater range of services and increase your legal expertise.
6. FRM (Financial Risk Management)
People who pursue the CA certification can improve their chances of advancing professionally in the financial business. FRM is a widely sought-after certification program. Through the FRM course, you will be exposed to the practical work in the field.
The top Indian organizations look for candidates that possess risk management skills in addition to financial understanding and associated talents. As a result, this training will improve your knowledge and CV. The average salary range for a candidate with degrees in FRM and CA is between 7-8 lakh annually.
7. CIMA (Chartered Institute of Management Accountants)
CIMA is the best course to take in addition to CA. Furthermore, the program has worldwide recognition, which will increase your chances of finding job. This course broadens your understanding of management beyond accounting. You’ll gain skills in leadership, people management, and other areas.
For students studying California, the CIMA procedure is quick and easy because there are several exemptions available.
8. CIA (Certified Internal Auditor)
All CA students who plan to pursue professions in the auditing vertical should take the CIA course in combination with CA. This program will equip you with professional-level internal auditing skills.
IIA USA offers a course that is recognized globally. The exam is offered online and can be taken at any time of year. All CA students will find this to be fairly convenient, given their hectic schedules.
9. ACCA (Association of Certified Chartered Accountants)
If you have passed most of the CA Intermediate or CA Final examinations, you do not need to take all of the ACCA exams. Since many of the topics covered by ACCA and CA are similar, you will only need to submit a limited number of extra papers. Other documents will be exempted for you.
When you apply to India’s Big 4 CA firms, a degree in CA+ACCA will offer you an advantage over other candidates and increase your chances of getting hired abroad.
10. CPA (Certified Public Accountants)
After completing the CA program, students who want to study overseas must complete the CPA course to become conversant with US GAAP. This course is required if you want to practice public accounting in the United States. Some foreign organizations in India now require you to have a CPA degree in addition to your CA. With this dual course education background in India, nevertheless, you won’t be able to maximize your potential and all of your work opportunities.
11. Financial Modelling
The financial modeling course helps you explore research, analysis, project finance, and related disciplines. As this course does not limit you to the study of taxation, auditing, and accounting. You’ll get proficient at creating financial models and utilizing spreadsheets in no time at all. This training is going to increase your output and provide you a competitive edge—even for those who want to work in high-paying jobs. This training is quite helpful for anyone who want to work as practitioners. The financial modeling strategies you learn in this course, along with your knowledge of CA, will enable you to provide accurate and convincing project finance reports for your clients.
12. CFP (Certified Financial Planner)
With the CFP additional qualification, you will develop into a professional who can point clients and investors in the direction of the greatest financial investment options. In India, CFP is becoming an increasingly popular professional option because several banks have made it mandatory for its relationship managers to obtain it.
The CFP course consists of five levels, most of which are not open to applicants for the CA. CFP is an excellent course to take in addition to CA for those who want to work in the financial or tax sector.
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