AN OVERVIEW:
Are you someone looking for a pathway to guide you to a better career prospect after ACCA? There are various best courses to pursue after ACCA, which can contribute to a success-driven journey in the finance and accounting sector.
However, the ACCA qualification itself offers you a very financially secure career and numerous global career opportunities. However, some people are determined to achieve more success and career advancement. To accelerate their professional journey and add value to their qualification, students can do some courses after ACCA from institutes online and physically. These courses help in career growth and getting managerial-level job offers in finance, accounting, and business sectors. To explore the best courses to pursue globally as per your career goal read the guide ahead.
CIMA (CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS):
CIMA stands for Chartered Institute of Management Accountants. This qualification mainly focuses on areas like management accounting, strategic management, and business leadership. CIMA complements the ACCA qualification and is considered one of the best courses to pursue after ACCA.
The main reason behind this is the comprehensive knowledge it provides in advanced areas like management accounting, strategic leadership, etc. The knowledge gained through CIMA ensures career advancement, enabling aspirants to take over executive, managerial, and leadership roles.
CFA (CHARTERED FINANCIAL ANALYST):
CFA also known as Chartered Financial Analyst is a qualification emphasizing areas like portfolio management, financial analysis, investment management, etc. Students who want to expand their careers in equity research, investment banking, or portfolio management may find the CFA qualification one of the best courses after ACCA.
This qualification is highly focused on the areas aligning with the industry they want to expand their career in. Pursuing a CFA qualification after ACCA can effectively contribute to an aspirant’s career advancement in financial sectors as well as asset management.
MBA (MASTER’S IN BUSINESS ADMINISTRATION):
MBA after ACCA is also a popular choice amongst students for career advancement. Master’s in business administration entirely focuses on areas like business management, strategy building, decision-making, and leadership skills. MBA adds academic and professional value to your work profile attracting employers and executive roles.
The emerging skills and advanced knowledge MBA offers are required and valued in management and leadership positions. MBA after ACCA is a good path to follow as an MBA equips you with leadership, business management, and strategic decision-making skills whereas, ACCA prepares you to deal with all the complex areas of the accounting and finance sector.
CPA (CERTIFIED PUBLIC ACCOUNTANT):
CPA qualification stands for Certified public accountant, this qualification is largely focused on US accounting standards, tax compliance, regulations, and auditing standards. The nature of this qualification is for the most part following US standards and regulations. Hence, it is considered one of the best courses to pursue after ACCA for students who aim to expand their careers in the US or work with international organizations. It proves to be a source of career advancement for such students by providing in-depth knowledge about US tax laws, regulatory frameworks, and GAAP.
DIPLOMA IN INTERNATIONAL FINANCIAL REPORTING (DipIFR):
DipIFR stands for Diploma in International Financial Reporting, students who aim to accelerate their career in IFRS (international financial reporting standards) should pursue DipIFR after ACCA. This Diploma is focused on international financial standards and global accounting standards, opening a global career pathway. Aspirants who choose this course for career advancement after ACCA are enabled to stand out and become a priority of global accounting and finance employers.
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FRM (FINANCIAL RISK MANAGER):
Amongst one of the best courses to pursue after ACCA is FRM also known as Financial risk manager. FRM as the name suggests mainly focuses on risk management, financial instruments, and financial markets. This course can contribute to the career advancement of individuals who are passionate about risk management roles and aim to achieve higher positions in this area. This qualification equips you with assessing, managing, and mitigating financial risks proficiently, and makes you a desirable candidate for risk managerial positions.
ACA (ASSOCIATE CHARTERED ACCOUNTANT):
ACA also known as Associate chartered accountant is a qualification usually pursued after ACCA to avail career advancement. ACA is offered by ICAEW (Institute of Chartered Accountants in England and Wales), this qualification is best for aspirants who aim to expand their career in areas like taxation, audit, professional accounting services, etc. ACA is one of the best courses to pursue if you are willing to accelerate your career in any of the mentioned areas.
MASTER’S DEGREE IN ACCOUNTING AND FINANCE:
Commonly students tend to pursue a Master’s degree in accounting and finance after ACCA which is globally recognized qualification for career advancement purposes, this degree also contributes to career expansion. It has a keen focus on advanced knowledge and concepts of auditing, accounting, finance, taxation, and financial management. A Master’s degree in accounting and finance allows aspirants to get higher executive and leadership roles by adding value to their academic background.
CONCLUSION:
ACCA qualification itself offers a promising career but for the aspirants who want to thrive harder and expand their knowledge, there are various other qualifications they can pursue after cracking the ACCA qualification.
Some of the best courses to pursue after ACCA for career advancement are CIMA, CFA, ACA, MBA, Master’s in accounting and finance, FRM, DipIFR, Taxation qualifications, PMP, Data analytics and business intelligence courses, etc. These were some of the examples of the courses that can contribute to accelerating your journey in the accounting sector. However, students are advised to choose the qualification that aligns with their career goals.
FREQUENTLY ASKED QUESTIONS:
Q1: Why should I pursue additional qualifications after ACCA?
Answer: It is best to pursue additional courses after ACCA for career advancement, advanced knowledge, and expansion in job opportunities. These advanced qualifications after ACCA allow students to avail advanced knowledge, skills, and expertise in the area of their interest.
Q2: Which courses complement ACCA the best for career growth?
Answer: Various courses complement ACCA the best for career advancement such as CFA, CIMA, FRM, MBA, DipIFR, IIA, Blockchain and cryptocurrency courses, etc.
