Top 5 Accounting Careers After Graduation

After successfully passing the academic milestone by completing your graduation, the initial joy of accomplishment is soon replaced by thoughts about the future. What career path would be right for me? Which course should I pursue next? How to choose the right career path for me? Before making any decision about your career, it is important to consider all the available options and note down the details of each career pathway to know which one is the right fit for you.

Here are some of the most coveted career options of 2022 that you must consider after graduation.

The Top 5 Career Options After Graduation

1. Certified Public Accountant (US CPA)

The Certified Public Accountancy qualification is equivalent to Chartered Accountancy in India and is considered to be one of the highest designations provided to an accountant. This course is offered by the American Institute of Certified Public Accountants and can now be taken outside the USA.

With US CPA, you are authorized to work as a Public Accountant in the US as well as any other accounting body that has a Mutual Recognition Agreement (MRA) with the US. This includes

Canada, Mexico, Australia, New Zealand and Hong Kong.

If you are interested and would like to know more about how to become a CPA, you should check out our Certified Public Accountant course.

Requirements for Becoming a US CPA:

  1. To be eligible for the CPA exam, you need to have 120 credit points. To be eligible for the CPA licence, you need 150 credit points
  2. With a 3-year degree in India, you get 30 credit points every year, which makes a total of 90 credit points.
  3. In order to meet the eligibility criteria, you must complete your bachelor’s and at least a year of M.Com, MBA or both CA Inter groups
  4. There are a total of 55 USA states and union territories, but Indian students can only be eligible for 5 out of these 55

Job Profiles after US CPA

  1. Internal & External Auditing
  2. Accounting Advisory
  3. Management Accounting
  4. Tax Compliance

Companies aside from the Big 4 Hiring US CPA Profiles

  1. Citibank
  2. Amazon
  3. Accenture
  4. Barclays

 Source

2. Association of Chartered Certified Accountants (ACCA)

ACCA is a globally recognised qualification that is offered by the Association of Chartered Certified Accountants. It is a UK-based accounting body that is recognised across the world. As an ACCA you can work in Singapore, Hong Kong, Australia, the UK and other countries of the European Union.

The ACCA exam consists of 3 different levels and 13 papers in total. If you have completed your graduation with degrees like B.Com, BBA or BAF, you may be eligible for exemption from some of the level 1 papers.

We at Zell Education, have an excellent training programme for ACCA. If you are interested in this course and would like to know more about the course and your eligibility for exemptions, do reach out to us or check out the ACCA course here.

Requirements for becoming an ACCA:

  1. To be eligible to register for ACCA qualification, students should have qualified for their 10+2 examinations with an aggregate of 65% in Mathematics / Accounts and English, and a minimum of 50% in other subjects.
  2. Students who have just cleared their class 10 examinations, or do not qualify as per the aforementioned criteria, can still register for the ACCA qualification via Foundation in Accountancy (FIA) route.

Job Profiles after ACCA

  1. Accounting Advisory
  2. Risk Advisory
  3. Statutory Audit
  4. Financial Reporting
  5. Mergers and Acquisitions

Companies aside from the Big 4 Hiring ACCA Profiles

  1. Morgan Stanley
  2. P. Morgan
  3. BDO
  4. Blackstone

Source: ACCA Global

3. Chartered Financial Analyst (CFA)

A Chartered Financial Analyst is a professional who specialises in managing finances and is responsible for tasks like portfolio management, investment guidance, financial analysis, etc. The CFA exam consists of 3 levels.

It is a globally recognised qualification and will allow you to work as a finance professional in countries such as the US, the UK, Canada, Australia, Hong Kong and Singapore.

If you are wondering how to become a CFA after graduation, then look no further! If you are interested in pursuing the CFA Course from Zell, you should definitely check out our course page or reach out to us if you have any additional queries.

Requirements for Becoming a CFA:

  1. Bachelors’ degree (or be a final year student)
  2. 4 years of professional work experience, out of which a minimum of 50% of work should be in the field of the investment decision-making process.
  3. A valid international passport at the time of your exam.
  4. A passing grade in the English assessment
  5. Be a permanent residency of the participating country

Job Profiles after CFA

  1. Investment Banking
  2. Financial Analyst
  3. Investment Strategy
  4. Asset Management
  5. Financial Consultancy

Companies aside from the Big 4 Hiring CFA Profiles

  1. Anand Rathi
  2. BNP Paribas
  3. Motilal Oswal
  4. Barclays

Source: Payscale

4. Financial Risk Manager (FRM)

Financial risk management is an essential part of running any organisation. An FRM is responsible for evaluating the potential risk to the finances of a company and suggesting ways to reduce this risk.

The FRM exam is conducted by the Global Association of Risk Professionals (GARP). The exam consists of 2 parts – Part 1 and Part 2. Once you have cleared the Part 2 exam, you need to gain at least 2 years of relevant work experience within 5 years of the exam.

Requirements for Becoming a Financial Risk Manager:

There is no minimum eligibility requirement for giving the FRM exam.

Even an undergraduate (Final Year of Graduation) is eligible to give the FRM Part 1 exam.

You can take the FRM Part 2 only when you complete the FRM Part-1 exam.

Job Profiles after FRM

  1. Financial Manager
  2. Regulatory Risk Analyst
  3. Credit Risk Specialist

Companies aside from the Big 4 Hiring FRM Profiles

  1. Anand Rathi
  2. BNP Paribas
  3. Motilal Oswal
  4. Barclays

Source: AmbitionBox

5. Certified Management Accountant

The Certified Management Accountant course is for those who want to specialise in finance and management accounting. It is offered by the Institute of Management Accountants (IMA). A CMA is a crucial part of any company since they look after the internal accounts of the company and share insights on how the financial situation can be improved.

The exam is conducted in just 2 parts and most students clear the US CMA course in 6 to 9 months. If you would like to know more about how to become a management accountant, we suggest you reach out to the experts at Zell Education. You can also check out the CMA course page for more details.

Requirements for Becoming a CMA:

  1. Students can start studying for CMA after the 12th grade.
  2. To be certified as a CMA, you will need a Bachelor’s degree, completion of the CMA papers and 2 years of work experience.

Job Profiles after CMA

  1. Cost Accountant
  2. Risk Management
  3. Wealth Creation
  4. Asset Management

Companies aside from the Big 4 Hiring CMA Profiles

  1. HDFC Securities
  2. Genpact
  3. Accenture
  4. Amazon

Source: AmbitionBox

Graduating from college can truly be a life-changing experience for everyone. If we make the right decisions with some expert guidance, the rest of your professional life will be streamlined for you. If you feel stuck or would like to have someone experienced guiding you through your career after graduation, be sure to reach out to us or check out the Courses offered by Zell Education.

Which courses will help me work abroad?

Signing up for internationally recognised courses and certifications will definitely help you find more opportunities to work abroad. These courses include ACCA, US CPA and CFA.

Can I do an MBA after B.Com?

Yes, you can. But you need to clear the necessary entrance exams such as CAT, MCAT, GMAT, etc to get admission to your desired college. Certain colleges may also have their own entrance exams that you will need to give.

Can I do ACCA after graduation?

Yes, you can. If you have pursued B.Com, BBA, BAF or any course with accounting subjects, you may also be able to claim exemptions from anywhere between one to four papers.

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