Courses after CA that will Help you Achieve a Higher Salary

Last Updated On -30 Jan 2025

Chartered Accountancy is a prestigious and challenging profession, offering a plethora of opportunities for career advancement and financial success. If you're a person who often ponders over the question of ‘courses after CA that will help you achieve a high salary’ then this blog is for you. To further enhance their expertise and marketability, CAs often pursue additional qualifications. These courses not only broaden the scope of a CA's knowledge but also significantly increase their earning potential, with some certifications leading to salaries upwards of Rs. 85,000 per month. Pursuing these courses can be a strategic move for CAs aiming for high-profile roles and lucrative salaries.

Courses to Pursue After Chartered Accountancy (CA)

CA course offers a lot of opportunities in your career if the right steps are taken. ‘After becoming CA what are the courses to do?’ If you're also worried about this thought then you don't have to worry anymore. There are plenty of CA career options or we can say Chartered Accountants can pursue a variety of courses to extend their skill set and broaden the job opportunities. Let's look at some of the best available courses:

Some of the courses to do after CA are:

Certified Management Accountancy (CMA)
Association of Chartered Certified Accountants (ACCA)
Certified Public Accountant (CPA)
Chartered Financial Analyst (CFA)
Financial Risk Manager (FRM)

Certified Management Accountancy (CMA)

CMA course certificate marks a Certified Management Accountant as an expert in management accounting and strategic financial management. CMA is of two types: CMA India and CMA USA, and Indian students can choose to do any of the two. Through the guidance of the Institute of Management Accountants (IMA), The CMA USA course enables individuals to acquire budgeting, forecasting, and strategic planning capabilities. The CMA India course offered by ICMAI enables candidates to build on a career as a skilled cost and management accountant.

A CMA certification involves extensive training and assessment, proving competence in topics such as strategic management and operational statistics. The area of strategic financial management of the CMA opens the field for lucrative employment opportunities in the form of financial analysis, corporate finance, and management accounting, which bring about a vast range of professional scope across industries.

Association of Chartered Certified Accountants (ACCA)

The ACCA course or Association of Chartered Certified Accountants is an accounting body based in London, United Kingdom. It authorizes professional accountants all over the world and grants one of the leading accountancy credentials to finance professionals.

Students with the ACCA credential gain comprehensive accounting skills and knowledge; from financial accounting, management accounting, and taxation to business ethics and auditing. Passing the professional examinations and concluding the ACCA program, authorizes one to be a Chartered Certified Accountant. Individuals with an ACCA qualification can apply for roles such as internal auditors, managers, financial accountants, tax specialists, managers, consultants, and so forth.

Certified Public Accountant (CPA)

The Certified Public Accountant or CPA course certification is granted to authorized accounting professionals by the Board of Accountancy for each state in the United States of America. In India and many other countries, the Chartered Accountant (CA) credential is at par with the CPA credential.

The CPA (US) syllabus covers reporting and financial accounting, concepts of attestation and auditing, regulatory features like business ethics and law, conceptions like corporate governance, taxation, financial and operations management, and strategic planning. Students can further become CPA Canada, after completing the US CPA. After completing the course, students can pursue careers as internal auditors, forensic accountants, public accountants, and financial analysts, among others.

Chartered Financial Analyst (CFA)

Chartered Financial Analyst or CFA course is a professional certification in the field of investment and portfolio management accorded by the CFA Institute (formerly known as the Association for Investment Management and Research or AIMR) based in the US. This qualification equips individuals with thorough knowledge, competencies, and skill sets to carry out technical, analytical, and ethical elements related to investments.

Financial Risk Manager (FRM)

FRM course refers to a globally recognized certification awarded by the body of the Global Association Of Risk Professionals (GARP) based in the USA. This qualification equips one with the expertise in managing financial risks across various financial industries and institutions.

Some More Courses to Pursue after CA to Achieve High Salary

A lot of other courses can help pursue a high salary which can be based on your previous profile and interests. Since a CA course provides different options based on different criteria you can choose any one of them.

Here are courses other than the ones written above that a CA can pursue an MBA in Finance:

Financial Management
Diploma in IFRS
Forensic auditing
Diploma in Insurance and Risk management
Company Secretary CS course

It can be difficult to choose between any of these career programs and declare one the winner. After comparing, we discovered that each course provides something special and distinct. In the end, the candidate has the final say because of the stark differences that are present in the course durations and structures. If you're thinking about doing one of these accounting courses, be sure to compare each of them based on your individual needs and select the one that best suits your professional objectives.

Scope of Chartered Accountancy

CA is a prestigious qualification around the world that emphasizes auditing, taxation and bookkeeping, accounting, and finance. Many of the world's colleges, including India, are notified under the regulation and possession of professional boards like the Institute of Chartered Accountants of India (ICAI).

A CA program is often characterized by intensive training and examinations that cover a wide variety of accounting issues including principles and practices. It is difficult to imagine the corporate world without CA professionals as they are at the heart of financial transparency, regulatory standards compliance, and strategic decision-making.

CA course salary in India for an entry-level professional can range from INR 600,000 - 800,000 per year, but this varies depending on factors such as location, experience, and company size. However, more experienced CAs with multinational corporations tend to earn higher salaries.

Frequently Asked Questions ( FAQs )

What are some career advancement courses available for Chartered Accountants (CAs)?

CAs can pursue various courses to enhance their expertise, such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), ACCA (Association of Chartered Certified Accountants), and CPA (Certified Public Accountant). These courses cover finance, investment, and risk management, and provide global recognition.

How does obtaining additional qualifications after CA affect salary potential?

Additional qualifications can significantly increase a CA's earning potential. For instance, some certifications can lead to salaries upwards of Rs. 85,000 per month, depending on the course and the individual's experience.

Why is the Chartered Accountancy (CA) qualification important in the corporate world?

The CA qualification is crucial for financial transparency, compliance with regulatory standards, and strategic decision-making. CAs are integral to the corporate world, with entry-level salaries in India ranging from INR 600,000 - 800,000 per year.

What are some of the roles that CAs with additional qualifications can pursue?

CAs with additional qualifications can apply for diverse roles such as internal auditors, financial analysts, tax specialists, consultants, and management accountants, among others, across various industries.