Students studying finance are often tasked with great responsibilities and duties in their careers. They need to handle the money flow at their companies and recognize the financial returns and associated risks to make efficient business decisions. It is necessary that when you decide to make your career in the finance field, you should be aware of the right courses to join, learn and come out as a successful professional who can manage any intricate financial activities. Let’s check out the best finance courses that could help becoming a successful financial graduate. These financial courses can be broadly classified into three, which include MBA, statutory courses and specialized courses.
Perhaps the most obvious option for anyone who wants to make a career in finance is to get an MBA degree. The benefit that an MBA has over other format is that it makes a candidate a well all round exposure to complete aspects of finance, be it accounting, statistics, financial modelling and so on. In addition, when you decide your minors properly, you can get exposure to fields like behavioural science, marketing and human resources and so on. Hence, it offers you a right opportunity for development in the financial services industry.
The statutory mba finance courses are the ones, which have been developed by acts of parliament and thus make binding obligations under some circumstances. Under the statutory courses, the following courses are included,
- Chartered accountant
It is a renowned statutory course, which involves a mix of theory and very essentially practical training that run synchronously to offer a candidate with appropriate resources needed of a professional accountant. A proper grounding in this field develops opportunities that some courses can match. Chartered accountant enables you to have highly rewarding careers in audit practice, consultancy, information technology and investment banking. This profession also brings upon the opportunity to make an international career.
- Cost accountant
A CMA (Cost and Management Accountant) is a professional who carries out various services that manage accounting for the expense of manufacturing a product, pricing the services and goods made certification or verification of taxation, particularly by way of indirect taxation. The marketing department wants these professionals to prepare quotations for the tender responses, the purchase department needs them for suggestion in making buying decisions and the product department wants them to make appropriate decisions on profitable product mix. In top management, cost accountants play a vital role in recognizing business risks as well as their mitigation.
The company secretary and actuary are the two other finance courses that comes under statutory courses.
Specialized finance courses
The chartered financial analyst is one of the specialized finance courses, which is a bit toughest to track. However, a certification in this course is a rewarding that one could get. If you want to make a career in wealth management, you should enroll yourself in the specialized course of certified financial planning. This course will offer you in-depth training in different features of personal finance such as insurance planning, tax planning, estate planning, etc.