In the present day, having a certificate increases the chance of employability and knowledge. Finance is one of the hot markets in terms of money. So, if you want to make a career in finance, consider taking some professional courses in finance. People who have worked in the industry design the courses and share their precarious knowledge and experience. MBA, Chartered Accountant is at the top of the chain in finance. You can make a career in finance without having an MBA or CA degree. We have come up with the best short-term courses in finance.
Chartered Financial Analyst(CFA)
It is one of the most demanded and paying destinations in finance. If we compare it with the MBA in terms of money, it gives an intense fight to the MBA. A CFA holder is the most valued person in the organization as they provide insights backed by analytical inputs.
It is one the toughest exams to crack and is divided into three levels. Once you clear the exam, it takes about 4 years to complete the course. Portfolio management and Investment certification are the main focus of the CFA course.
Financial Risk Manager(FRM)
It is one of the few internationally acclaimed best short-term courses in finance. The FRM course will make you employable all over the world. In the finance world demand for FRM increased after the recession of 2008. Financial risk managers manage the possible risk that can happen with the investment. There are many opportunities for the FRM in different domains like banks, corporates, corporate houses, and non-banking financial firms. It is a niche designation but is cost-effective and time-efficient. The FRM designation is newer, and it may be possible many companies didn’t need FRM.
Chartered Alternative Investment Analyst(CAIA)
It is one of the best short-term courses in finance and doesn’t take too much time to complete. An average chartered alternative investment analyst took 12 to 18 months to complete the course. It is a niche area of finance and not as broad as MBA. If you are someone who loves to work in the niche industry CAIA is the great course for you. It focuses on managing investments such as private equity, hedge funds, real estate, etc. The passing ratio is 70%, and it consists of two levels of exams.
Certified Financial Planner(CFP)
CFP is a good career for people who want to make a career in wealth management. In India, there is a shortage of certified financial managers, and India needs around 50000 financial planners, but only 10% of financial planners meet the criteria. Took professional courses in finance for CFP. It gives training on personal finance, insurance plan, tax plan, etc. There are numerous opportunities for the CFP in wealth management, companies, mutual funds, and financial intermediaries.
Certified Management Accountant(CMA)
CMA is responsible for making financial decisions and works with large businesses or governments. They also offer advice on investment and risk management. If you are someone who loves to provide strategy and manage the finance. Become the CMA with the help of professional courses in finance. CMA has a broad range of knowledge, so they can work in a variety of industries like education, insurance, communication, finance, and manufacturing. They help the companies by looking at the finances and making decisions according to the data. If you want to become a CMA, a bachelor’s degree and at least 2 years of work experience are a must.
Certified Public Accountant(CPA)
CPA is the accounting designation, and it slightly varies from finance. Not all accountants are CPAs as it consists of business environment and concepts, adulting and attestation, financial accounting, and reporting. They produce reports for the business and individuals that reflect the business. CPAs are also responsible for reporting and filing the tax for individuals. If you want to do a CPA course of CPA, obtain a bachelor’s degree in finance, accounting, and business administration.
Financial Modeling & Valuation Analyst(FMVA)
It is the best short-term course in finance that is recognized worldwide. FMVA focuses on different things such as valuation, financial analysis, modeling, presentation, etc. The course helps you to learn the tool to become a world-class financial analyst. Anyone can enroll themselves regardless of background and academic qualification into the FMVA. If you are switching to finance from a different industry, you need the basic knowledge of finance to understand the concepts. A minimum of 70% of people pass the exam and become FMVA. There are a few famous FMVA types: equity research, financial research, investment banking, and financial management. If you are interested in these things, there is no need to do an MBA or CFA degree.
MBA and CA are at the top in the finance sector, but many people didn’t want to do it because the success ratio of qualification for the exam is too low. There are many alternatives for people who want to work in finance. The finance sector is one of the most paid and hot in the market. If you are also interested in finance, consider taking professional courses in finance. Chartered financial analysis is one of the highest-paying courses that give the serious fight to an MBA, but it takes around 4 years. There are many best short-term courses in finance, and you can choose the course according to your interest. Hero Vired is a learning company that helps people to learn high-paying skills.