Finance courses have become one of the most sought after courses across the world because it deals with money management, saving, borrowing, forecasting and investing. A finance expert has become an integral part of the company be it big or small. A few years ago, these courses were limited to CA(chartered accountants) only, but now things have changed. Anyone who has an interest in finance can take up these courses. Recent studies have proved that most people are interested in taking short term courses, rather than full-fledged courses.
CA(Chartered Accountants) and CFA(Chartered Financial Analyst) were the two main courses available for finance aspirants. But building a career in them has become a strenuous task. Candidates have to spend years to clear the exam and become a CA or CFA holder. Luckily things have changed. Now a number of short term courses are available, which gives them adequate knowledge in the finance field, eventually enhancing their career and skill sets. These courses make them ready for any type of financial job role that comes their way. One of the major advantages is that they can choose courses that suit them.
Why to take up short courses in finance
Now more and more people are opting for short term courses because of various reasons. Apart from that, people having master’s degrees in business administration and finance management are also taking up these courses. Now let’s look into these factors.
- A person holding a degree a few years back, will not have the same value and asset in the current year. The company always looks into the fact about how well known you are about the current trends and technologies. A recently added course certificate in your resume will only increase your value and increase your demand in the job market.
- The status and the economy of the country is changing day by day. These short term courses will help you stay updated and make him/her ready to understand all the changes made by the government in the financial sector. Now everyone wants to be unique and wants to stand out of the crowd. These certificates provide you both.
- Students who are confused about which career to choose after 12th or degree, can also take up these courses because it will give them a general idea about their field of interest.
Types of short term courses in finance available in India
Some of the popular short term courses available are:
- CAIA
- CFP
- CBAT
- SAP FICO
- GST Courses
- Quick books
- CIMA
- Working Capital management
- CFS
- Blue ocean Strategy
CAIA(Chartered Altered Investment Analyst)
CAIA is an advanced recognised course in the country which is a part of the “alternative investment industry”. This course gives you the knowledge about opportunities in the private equity sector, real estate, intellectual property and commodities. The duration of the course is 2 weeks and its exam is conducted in more than 90 countries around the world and is conducted twice a year. A person having a bachelor’s degree in any field and having 4 years of work experience in any field can apply for this course. Their job profile includes Investment Analyst,
Chief Executive Officer, Associate Financial Analyst.
CFP(Certified Financial Planner)
It is one of the prestigious short term courses in the field of finance mainly offered by FPSB(Financial Planning Standard Boards India) and is accepted internationally. It makes the person skilled in the areas of planning, retirement, taxes and estate. It is a one year certified course and is available online also. A person who has completed +2 can apply for this course. For +2 candidates, a work experience of 5 years is needed and for degree holders, a work experience of 3 years is needed. Their job profiles include Investment Management, Insurance, Finance Advisor, Investment Planning, etc.
CBAT(Certification in Business Accounting And Taxation)
This course gives you a basic idea about accounting along with practical knowledge of popular accounting software and gives you a clear idea about how well it works in today’s business world. The duration of the course is six months. It is a 2 level course designed mainly for commerce graduates or any other graduates who are hoping to build a career in accounting. Here you will learn about accounting softwares like tally prime and Quickbooks along with GST, ESI,PF, Income Tax, Company Law and statutory compliances.
SAP FICO
SAP refers to Systems, Applications and Products in Data Processing and is one of the most successful ERP solution software. SAP Finance and Controlling(FICO) enables better management of financial accounting and reporting and is the most important module of SAP. Finprov provides SAP FICO Co course gives you theoretical and practical knowledge about this software and gives you hands-on experience. Here you will learn basics of SAP, G/L, A/P, A/R and reports. It is a 2-3 months course and will enhance your CV.
GST Courses
Goods and Service Tax popularly known as GST has become a law since 2017. Although it is used to simplify the tax process, a detailed study and knowledge is necessary in this area. GST has become an integral part of the business and its knowledge will only enhance your business. There are many institutes providing courses about GST. This course increases your demand in the job market since we can’t do business without GST.
QuickBooks
This course is about providing knowledge about yet another accounting software known as QuickBooks. It is a cloud accounting software which is the future of accounting. It is a 2-3 months course where you will get both practical and theoretical knowledge about this software. Because of its simple and uncomplicated features, this software is in huge demand and thus increases your chances of getting a job.
CIMA(Certified Investment Management Analyst)
It is an internationally recognised certificate in the field of financial analysis and investment management. To apply for this course candidate must complete an executive programme from a recognised institute and should have a clean background with no malpractices. Their job profiles include Portfolio Manager, Investment Consultant, Financial Advisor, Senior Portfolio Manager.
Working Capital Management
Working capital refers to the difference between current assets and current liabilities of your business. It is the main factor that helps in the long term running of your business. It ensures smooth functioning of the business eventually leading to its financial growth. Here you will learn about the working capital cycle along with building strategies, organising workflow and maximising the overall performance.
CFS(Certified Fund Specialist)
It is the oldest certification designation which focuses mainly on the mutual funds. To apply for this course, candidates must have a bachelor’s degree with a 2000 hours of working experience. The main attraction of this course is the handsome salary.
Blue Ocean Strategy
This course mainly tells you how to stand out, be unique and do business without any competitors. It will give you an idea about how to improve your business by opening up new market spaces and demands. Here you can unearth the full potential of your business.
Be it any courses, these will surely enhance your CV and increase your demand in the job market. So if you are looking for building a career in accounting, it is a good option to do short courses in finance and accounting.