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There are a lot of career options that you can opt for if you have any of the above questions in mind haunting you. Let me tell you what to do after CA. If you donu2019t want to do that then you may choose one of the following career options after CA. But you need to keep in mind that there is no shortcut to success. You have to work hard to achieve something. If not CA then you can choose among all the other options<br><br>Know more : https://www.cheggindia.com/career-guidance/what-to-do-after-ca/#h-certified-management-accountant-cma<br>
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What to do after CA? Quitting or Dropping out! www.cheggindia.com
CA is the best choice for a Commerce student when it comes to deciding a career. But only a few of you will be rewarded with the opportunity to prefix CA before your name. It’s the most honorable degree for everyone one of you. But are you confused that if not CA then what? Have you already completed CA and thinking about what to do after CA? Or even in a worse condition and thinking of leaving CA from the middle. But what to do after CA?
1 Chartered Financial Analyst 2 ACCA 3 Company Secretary (CS) 4 Certified Management Accountant Top Career Options 5 Certified Public Accountant 6 Certified Financial Planner 7 CAIA / CIMA 8 MBA/PGDM 9 Masters of Commerce 10 Freelancing / Part Time Jobs
1. Chartered Financial Analyst (CFA) After quitting from CA you may guess what to do after CA? You can go with CFA (Chartered Financial Analyst) which is one of the career options for CA dropouts. By completing CFA you can find opportunities in Equity Research, Research Analysis, Investment Banking, Portfolio Management, Auditing, etc. To become a CFA you have to clear three levels of the exam. You also need to have four years of practical work experience. You can register for the CFA after graduation or if you are in the final year of graduation. 02 CFA is overall more expensive as compared to CA and other domestic courses. Even the examination fee is far more than the registration fee of CA.
2. Association of Chartered Certified Accountants (ACCA) If you have already completed CA you can go ahead with the Association of Chartered Certified Accountants i.e. ACCA. It is one of the career options after CA. ACCA broadens your career prospects from the National to International level. Also, it gets you opportunities in different MNCs. ACCA is recognized in 180 countries throughout the world. Subjects of CA and ACCA are similar except for one difference i.e. CA is Indian, whereas ACCA is accepted globally. ACCA will give you additional knowledge of UK GAAP, IFRS, and other International Laws. After quitting or dropping out from CA you can also proceed with ACCA. Without getting a CA degree you cannot audit the Financial Statements in India.
3. Company Secretary If you quit or drop out of CA, CS i.e. Company Secretary is one of the career options for CA dropouts. CS is hired to handle the accounting matters as well as the legal matters of the company. CS is the only authorized person to perform the secretarial audit of an organization. Studying CS will help you find a better job than studying CA. CS is easier than CA which means if you couldn’t continue CA due to its difficulty level, you can easily complete CS. Like CA, CS is also divided into three levels – Foundation, Executive, and Professional. But if you have already passed the CA Foundation level or you have graduated then you can start with from the Executive stage.
4. Certified Management Accountant (CMA) Certified Management Accountant i.e. CMA is also one of the good career options for CA dropouts. CMA is based on cost accounting and auditing. Pursuing CMA will give you international opportunities and increase your credibility. CMA offers you the job profile of Finance Manager and Financial Analyst. You can also work in Financial Risk Management, Financial Controller, Cost Accountant, and Chief Financial Officer, etc. CMA has three levels like CA, consisting of a total of 20 papers. It takes approximately 4 years to complete CMA.
5. Certified Public Accountant (CPA) Certified Public Accountant (CPA) is one of the career options after CA. It is also the highest standard of competencies in the field of Accountancy. In addition to the CA, you will have knowledge of US Generally Accepted Accounting Principles (GAAP), IFRS (International Financial Reporting Standards), Accounting Standards (GAAS), US federal taxation, and business laws, if you pursue CPA. Generally Accepted Career International Accounting, and Tax Accounting, etc. options after CPA are Forensic Accounting,
6. Certified Financial Planner (CFP) The Certified Financial Planner (CFP) is one of the career options for CA dropouts. People who are willing to pursue a career in investment or wealth management can choose this as a career. CFP is mainly about financial planning and wealth management. So its focus is narrow, thus making it not applicable to other finance careers for you. You will have two levels and need to clear two exams in 4 years to complete CFP.
7. Chartered Alternative Investment Analyst(CAIA) The Chartered Alternative Investment Analyst (CAIA) is one of the finance career options for CA dropouts. It mainly focuses on alternative investments. If you want to work in the asset management and hedge fund industries, it’s for you. CAIA primarily covers hedge funds, private equity, real assets, asset allocation, structured products, risk management, and ethics. You will be focusing mainly on a niche area after studying CAIA. You will have two levels and clear two exams within one or two years to get the title.
8. Master of Business Administration (MBA)/ Post Graduation Diploma in Management (PGDM) Master of Business Administration (MBA)/ PG Diploma in Management (PGDM) in Finance opportunities in the financial world. It offers you excellent job opportunities in every organization, both in private and government. gives you various MBA/ PGDM-finance helps you to gain knowledge about the responsibilities of financial managers. It can also help you run your own business. MBA/PGDM in finance helps you learn to analyze company reports and forecast economic trends. It also helps you to take measures to maximize stock value, choose investment portfolios, and balance risk.
9. Masters of Commerce (M.Com) Masters of Commerce (M.Com) is one of the career options after ca or you can do it while pursuing CA. M.Com is a two- year course with 4 Semesters, the least eligibility for which is a B.Com degree. If you pursue M.Com you can pass financial information to its users such as shareholders and managers. You will be termed as an accountant having very good knowledge of monetary matters. After completion of M.Com, you will be eligible to work as a Forensic Accounting and a Certified Internal Auditor.
10. Freelancing / Part- time Jobs You can always do some of the freelancing work sitting back at home. Income tax filing, budgeting, auditing, complying with financial statements and records, etc. are some of the jobs. Becoming a freelancer might not only help you earn a handsome amount of money but you can also gain experience with the work. You can join as part-time accountants for new companies/start-ups that cannot afford to employ a full-time bookkeeper. Working as a part-time accountant, you will need to do all the basic aspects of accounts. like handling petty cash, co-ordination with banks, etc. You will get the experience of working as an accountant.
