Courses after CA in India
Throughout the passage of time, certain career paths and professions have emerged heads and shoulders above other alternatives. This prominence can be allotted in reason to the profession’s necessity, its universality and its sustainability. While science graduates have often chosen between engineering and medical sciences, most commerce graduates in India have harbored dreams of being a CA. CA, or Chartered Accountant, is a sought-after career in the commerce stream in India. It is well renowned for its earning potential, its scope and its respect in society. This has led to the emergence of a ton of CA career options.
CA Career Options
The profession of CA has stood the test of time to retain its employability and appeal. Not only do CA students and graduates have a ton of career options, but they also enjoy a longevity to their employment that few other careers can boast of. Some of the options that they might pursue include:
- Jobs in firms: CAs often go on to work in consulting firms in the domains of consulting, taxation or auditing. Their studies have made them perfect candidates for such jobs and the big-scale firms all prefer to hire well-trained CAs for these roles.
- Risk Management: Risk management is the process of predicting, analyzing, observing, and mitigating any such elements that pose a danger to the productivity, profitability and progress of a business. Since CAs are well-trained in subjects like internal audit and finance, a bit of training and pursuing courses after CA could open up this new domain to them. Reputed firms such as EY, KPMG, PwC, Deloitte, Accenture, American Express, Fortis, etc. hire CAs for their risk management teams. Students interested in this should consider GRMI’s PG in Risk Management.
- Own firm or partnership: Many CA students end up opening their own firms or joining hands with other similar graduates to create their own accountancy and auditing firms. Such firms may take on clients ranging from individual people to other business firms and manage quite a promising source of income.
- Academia: Though unusual, this is also one of the CA career options that is opted in by CA students. Many of them opt to leave the corporate hustle-bustle behind and teach the next generation of CA aspirants, using their knowledge and success in the domain to the best effect.
Risk Management: The Field to be in
Risks have always been inherent to business. With recent advents in technology, rapid digitalization and globalization, businesses have expanded their array far and wide. This expansion has also exposed them to risks of a technological, geopolitical and environmental nature, amongst other types of risk. It has become crucial for firms across the world to build their risk management teams and create a fool-proof plan to deal with contingencies and hurdles. In lieu of this, candidates who have pursued a specialized risk management certification course would stand in good stead, making such a course one of the best courses after CA.
GRMI’s PG in Risk Management is a 1-year short-term and job-oriented certification course that covers subjects such as:
- Corporate Governance
- Financial Risk Management (FRM)
- Strategic Risk Management
- Business Value Chain and Operating Models
- Process Mapping, Enhancement and Value Stream Mapping
- Concepts of Enterprise Risk Management
- IT Risk Management
- Applied Data Analytics
- Applied Cyber Security
- Regulatory and Compliance Risks, etc.
Founded and delivered by a group of academic, professional and business leaders, the course takes students through 10 months of in-classroom learning, followed by a 2-month internship period.
Since the curriculum and focus of the course aligns well with CA studies, the course is a top choice among CA students. CA career options after a PG in Risk Management include internal audit, financial risk management, financial reporting, business consulting, etc., in some of the topmost firms in the country, and the world! With a 97% placement track record and a median CTC of ₹9.25 LPA, this course would give CA students a shot at their dream careers in the consultancy firms.
Moreover, since the course is extremely practical and consists of regular sessions with global leaders, case studies and group assignments, it ends up being a corporate simulation of sorts!
Conclusion
CAs in India have a ton of options at careers, especially if they choose to pursue courses after CA! This will result in an enhancement of their knowledge base and an expansion of their skill set, making them a priority hire for employers across industry lines and geographical boundaries.
Such employers would prefer to hire trained professionals rather than train their current employees. Such a practice would save costs, be time-efficient and lead to higher productivity. These facts, combined with the rise of risk management as a domain in the past decade, make it an obvious career choice. When one considers the other CA career options, it is clear that CA in India is an unbeatable choice!