A CA degree alone is enough to be successful in your career. However, to increase your demand from companies, you can add your qualifications. Below, are the three most recommended post qualification courses that you need to consider for higher salary. Apart from a lot of known courses like FRM, CFA etc, there are top 3 options with very little demand.
1. Forensic Accounting
Forensic accounting is a three-tier practice of accounting, auditing and investigation. It is a specific area of accounting that describes actions that result from actual or anticipated disputes or litigation.
The purpose of forensic accounting and fraud investigation is to detect financial frauds in a timely manner and to take measures to prevent them from happening in due course. Therefore, forensic accounting can be viewed as an aspect of accounting that is suitable for legal review and provides the highest level of assurance.
Forensic accountants have huge opportunities in this field as the demand for such professionals is more than the supply.
Forensic accountants are required at most major accounting firms for investigations into mergers and acquisitions, special audits and other types of civil litigation support, economic crime investigations, tax investigations and even terrorist investigations.
Most cases that require the involvement of these professionals are divorce disputes, professional negligence investigation claims, and personal injury claims.
2. international taxation -
Tax laws in India are becoming more and more complex. Globalization of economies, signing and review of free trade agreements, increase in the number of cross-border transactions, mergers, acquisitions, tax treaties, transfer pricing etc. have added to these complexities.
Keeping pace with the increasing complexities of businesses, cross-border investments, acquisitions, trade and technological innovations, tax laws are becoming more and more complex.
The globalization of economies, the signing and review of free trade agreements and tax treaties, as well as the more stringent application of anti-avoidance measures by various jurisdictions, add to these complications. Undoubtedly, this will broaden the scope of practice for our Chartered Accountants in the field of international taxation.
International tax professionals must have good attention to detail. Staying up-to-date with new tax rules and laws is also very important for a successful career as an international tax consultant.
Which job will we get by doing CA?
We are limiting our answer to the study courses that you can take along with your job. I am mentioning the study options that I know of and can be done with a job provided you can spare some time for studies. Courses that complement a CA degree – These are courses that are more or less similar to a CA course and which a typical CA student may be familiar with:
CWA, CS → You can earn these qualifications by taking advantage of relaxations given by these institutes for qualified CAs. CA+CWA can help you build.
You have some unique and promising career options after completing CA. Most of the students opt for job or own practice due to ignorance.
A CA degree is enough to be successful in your career. However, to increase your demand from companies, you can add more jewels to your qualification. Below, are the three most recommended post qualification courses that you need to consider for higher salary. Apart from a lot of known courses like FRM, CFA etc., I have chosen top 3 options with very little demand.
3. Data Analysis -
Almost every major IT company has a presence in analytics and needs domain experts. There is a huge shortage of domain experts in the analytics field of IT companies. Analytics is the application of data mining and related techniques to a business problem. That business problem can be from any field. IT companies are providing solutions for various domains including Banking, Insurance, Telecom, Healthcare etc.
Software experts can only create IT solutions. They require the input of that particular field and this is provided by the domain experts. Gradually, domain experts also acquire the required skills and move into software-related roles.
As a CA, you will be in great demand as a domain specialist in the areas of financial accounting, financial analysis, modules in banking products like Finacle, etc.
BFSI (Banking, Financial Services and Insurance) is the largest revenue segment for almost any major IT company in India. CAs with analytics skills will be well rewarded in the IT sector.
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