Courses and Career Options After CA

CA or Chartered Accountant is a popular degree and a suitable career option for commerce students. If you're keen on accounting, finance, and taxes, this 5-year program is for you. A Chartered Accountant degree is quite prestigious and well-known, and one may easily find the best courses and career options after CA.

Completing this degree opens the door to an extensive range of courses and career options after CA. Without further Ado, let's look at the article, which brings an insight into the courses and career options after CA one can make in India. 

List of Popular Courses After CA

There are several courses and career options after CA. After completing the course in Chartered Accountancy and having the prefix 'CA,' the name itself feels like a significant achievement. However, the urge to keep growing and developing oneself allows one to get better opportunities and an edge above many in the organization.

Further studies in higher education and courses can help people take up multiple tasks and responsibilities and upscale their career graph. This article has highlighted some of the best courses and career options after CA.

First, have a look at some of the best courses after CA one can opt for: 

• CFA
• FRM
• LLB
• MBA
• CPA
• DISA

CFA

If a student is inclined toward the finance and investment aspect of the business world, this is one of the best courses after CA. CFA or Chartered Finance Analyst is a course recognised globally and regulated by a USA-based CFA institute.

One can get an insight into the real world of investments and analysis of bonds and derivatives and learn portfolio management. It usually takes about 4-years to complete this course.

Read More: CFA

FRM

Courses after CA also include FRM or Financial Risk Management, a coming-of-age profession that has come into demand recently with increased risk in the money and capital markets. In addition, organizations are looking to manage and analyze risk factors using analytical tools.

So, if a student is interested in analyzing through analytical tools and techniques, this course is for them. The course is divided into two levels - held during May - December. However, one can obtain the certificate only after gaining work experience of 2 years in the financial markets.

Read More: FRM

LLB

Are you interested in law? Want to study cases about companies and corporates? You can consider LLB as one of the exciting courses after CA. LLB or Bachelor in Law is a 3-year degree supervised by the Bar Council of India. One can specialize in Corporate, Company, business, or criminal laws depending upon one's interest.

LLB plus CA combinations are one of the most liked combinations by corporates as one has an edge when dealing with authorities and clients. The top law universities of India provide the course. 

Read More: LLB

MBA

Can students consider MBA as one of the courses after CA? Yes, those who want to enter the management aspect of the corporate world should opt for MBA or Management in Business Administration. On the other hand, a CA student should go for a specialization in Finance as it will help enhance the career graph.

One can gain cross-functional knowledge about the practical aspects of an organization's financial management and learn the theoretical knowledge of analyzing, forecasting and measuring economic trends and stock values. It's a 2-year course provided by top Business Schools in India and Abroad. 

Read More: MBA

CPA

CPA or Certified Public Accountant is the USA degree one must obtain to practice as Public Accountant in that country. If one wants to continue in accounting and taxation, along with working at MNCs, this is one of the best options for courses after CA.

This course will allow one to learn about GAAP and get an opportunity to work in the USA or practice under an MNC in India. 

DISA

Regarded as one of the best courses after CA, DISA or Diploma in Information System Audit, which allows one to understand the banking audit and information system of Audit. The course is issued by the Institute of Chartered Accountants of India (ICAI) and can be appeared only by qualified Chartered Accountants.

Career Options After CA

With the advancement in technology and the business world, no one is restricted to a limited scope of courses and career options after CA. CA, or Chartered Accountants in India, is considered one of the most prestigious job opportunities. Earlier, having the prefix 'CA' before one's name was used to signify pride and fame for the family and the individual.

But now the world is full of potential competitors who are ready to replace and work harder than each other. So people are looking for better courses and career options after CA to upscale and enhance their skill sets to become a better version of themselves. 

Below are the popular career options after CA giving better opportunities and job scope:

• Chartered Accountant
• Financial Analyst
• Lawyer
• Financial Risk Manager
• International Accountant
• Professor
• Entrepreneurship
• Freelance Auditing

Chartered Accountant

One of the highest paying jobs in India, being a CA, will allow one to work under the largest corporate and IT firms of India, including - TCS, Goldman Sachs, KPMG, PWC, etc. A practicing CA can earn up to INR 6 LPA over the initial period in the field and reach up to INR 10 LPA as their experiences increase.

Financial Analyst

One of the career options after CA is being a Financial Analyst can allow one to explore opportunities abroad and worldwide as CFA brings international accessibility and acceptability for the professional. Job roles like Portfolio Management, Valuations, Stock Trading and Equity Research can be available for CA with a CFA degree.

The top recruiters are HSBC, Deloitte, JP Morgan, Crisil, etc. Financial Analysts determine the strategies for advanced financial planning ahead of a financial year and provide suitable allocations so that the respective organization doesn't run towards a net loss.

Lawyer

With the increased competition in the corporate world, it is natural to have more cases and legal suits. The demand for lawyers has subsequently increased; therefore, having an LLB degree gives you an edge over the rest of the CA's coming for legal issues and can be one of the lucrative career options after CA.

Lawyers can be hired in private and public sector enterprises and can also practice law on their own. Lawyers earn an average salary of INR 6 LPA.

Financial Risk Manager

A firm's Financial Risk Manager is bound to analyze and forecast the risk factor in the organization's business activities daily. There are many career options after CA, with profiles like - Risk or Credit Manager in Insurance sectors, Consulting firms, banking institutions etc.

An FRM can earn up to INR 8 LPA at the initial stages of their career.

International Accountant

An International Accountant is a CPA degree holder and a chartered accountant who can practice CA in India and the USA. CPA degree provides them with a lead over the other CA's they are qualified and have knowledge about international accounting and taxation laws.

One can work under MNCs and practice in the USA with profiles like Forensic Accounting, International Accounting, External Auditing, etc. A CPA can earn up to INR 10 LPA and even more based on the domain and company they're hired.

Professor

India produces a sea full of CAs every year, and one of the best career options after a CA is an opportunity to become a professor and teach CA aspirants and commerce students. One can work in an institute or open student coaching and training classes.

However, one requires in-depth knowledge of CA fundamentals and principles and a passion for teaching. Graduates can earn up to INR 5 LPA during their initial years of service and slowly earn up to 10 LPA as they become experienced. 

Entrepreneurship

After CA, one should consider start-ups or partners in consulting and auditing firms as career options. But, graduates should only do this after specific experiences in the corporate world as it is a risky bet. However, having leadership skills, substantial capital, and good clients will make one a successful start-up or firm. 

Freelance Auditing 

Freelancing is one of the in-demand career options after CA. With digitalization, Free-lancing is emerging as an in-trend scope for professionals. One can practice and practice CA just from the comfort of home. They can do tax filing, auditing, budgeting, recording, and compiling financial statements for big and small firms. 

Conclusion

Courses and career options after CA are unlimited and can be shaped to fit your preferences, needs, and earnings. Numerous courses are available to help CAs improve their abilities, and they can even opt to work in a wide variety of fields, from audits and taxes to investments and finance.

Ultimately, it all comes down to one's interest and talent when deciding on courses and career options after CA.