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A recent study by a financial assessment site shows that Indians prefer short term certifications over a full-fledged course and there is a huge demand in this sector.
Today, the common terms like CA (Chartered Accountant) or CFA (Chartered Financial Analyst) are well known to most of us. There are many CA colleges in India and making a career in CA or career in CFA is a strenuous task. People spend years and years to crack the various examinations required to become CA/CFA.
For the relief of people who hold sheer interest in Finance, there are many short term finance courses which provide a wider perspective in the field of finance and also result in enhancing career growth and skillset. These courses make them ready for any finance role that comes their way and from the plethora of finance jobs, they can choose the one they feel they are best suited for.
Why Go For Short Term Finance Courses in India?
There are various reasons why more and more people are going for short term finance courses in India rather than pursuing a full-fledged course. People who already have a master's degree in Master of Business Administration or Master of Financial Management, also go for such courses- five or six years down their corporate lives. Here are the reasons why.
- A person who has graduated in 2013 might not hold the same value and be the same asset to the company in the current year. Every company is bothered about how familiar the person is with current trends and technologies. A certificate added recently in the resume of the person increases his calibre and makes him more valuable in the eyes of the interviewer.
- The economy and the status of the country is ever-changing. The financial concepts which were valid 5 years back, might not be valid now. These short term finance courses in India enhance the knowledge of the person and make him/her ready to understand any kind of changes that are going to happen in the country by the Government in the finance sector.
- In today’s time, people want immediate hike and want to stand out of the crowd. A recently added certification provides them with both things.
- The times are changing and switching from one company to another for growth and more exposure has become very common amongst the young generation. Changing the company gives a sense of enhanced learning to the employee. People want to keep learning and growing in their career path.
- Sometimes, instead of going for a direct job, the students who graduate from 12th grade or from college with a bachelor’s degree might want to do a short term finance course in India to see which path exactly they want to take up.
Types of Short Term Finance Courses in India
Some of the popular short term finance courses in India are given below. Candidates interested in such courses can also find their eligibility criteria and fee structure.
|Course Name||Eligibility||Duration (approx)||Fees|
|CAIA- Chartered Alternative Investment Analyst||Bachelor’s degree or an equivalent degree, 4 years of work experience in any field||2 weeks||INR 2,09,744|
|CFP- Certified Financial Planner||Must have completed high school (10+2), 3 years of professional experience in any field||1 year||INR 5,000 to 10 Lacs|
|FMVA- Financial Modeling and Valuation Analyst||All the candidates are eligible for this course||1 week||INR 35,936|
|CIIA- Certified International Investment Analyst||Candidate must be a financial analyst, portfolio manager or an investment advisor||3 weeks||INR 1,05,020|
|CM&AA- Certified Merger and Acquisition Advisor||Any professional who has done his/her CM&AA training||5-day residential programme||INR 3,612|
|CTP- Certified Treasury Professional||2 years of work experience in a finance-related job, a degree in Business, Accountancy or in Finance||_||INR 13,438|
|CIMA- Certified Investment Management Analyst||Must have completed an executive programme, has cleared the background check||9 to 12 months||INR 1,05,020|
|CFS- Certified Fund Specialist||A bachelor’s degree or above in any field||15 weeks||INR 98,618|
Given below are the details on the top short term finance courses in India that you can opt for.
CAIA - Chartered Alternative Investment Analyst
CAIA is a recognised advanced short term finance course in India. It forms a part of the “alternative investment industry”. CAIA has proved to be the credential for excellence which has been successful in managing professionals and regulating alternative investments. The course imparts knowledge about opportunities in the private equity sector, real estate, intellectual property and commodities. The exam is administered in over 90 countries around the world and is offered twice a year.
Average Starting Salary for CAIA holder: INR 30 lakh per annum
Eligibility Criteria for CAIA
In order to take up this course, the candidate must meet the following requirements:
- A person must have a Bachelor’s degree or an equivalent degree in any field to pursue this short term course
- A candidate requires 4 years of work experience in any field prior to giving the CAIA exam
CAIA Job Profiles
After completing a certificate course in CAIA, a person can opt for the following profiles.
- Investment Analyst
- Chief Executive Officer
- Associate Financial Analyst
Certified Financial Planner (CFP)
The certification of Certified Financial Planner is offered by FPSB (Financial Planning Standards Boards India) and is even accepted internationally. CFP is considered to be a very prestigious short-term course in the field of finance. It prepares the person for financial skills in the sectors of planning, taxes, retirement and estate. It is a one-year certificate course. Although there are many CFP colleges in Delhi, people prefer learning the course online these days.
Average Starting Salary for CFP holder: INR 2 to 10 lakh per annum
Eligibility Criteria for CFP
Holder of Certified Financial Planner certificate must meet the following criteria.
- The person should have completed higher secondary school (10+2)
- For graduates: 3 year of professional experience and for non-graduates: 5-year work experience is required
The selection in the course is totally merit-based, on the basis of the scores of the examination.
CFP Job Profiles
After pursuing CFP, you can opt for the following roles:
- Investment Management
- Financial Advisor
- Investment Planning
Also Read: CA VS B.Com - Which is Better?
FMVA- Financial Modeling and Valuation Analyst
The short term finance course in India of FMVA is offered by CFI (Corporate Finance Institute). This short term course teaches financial modelling and financial analysis.
Average Starting Salary for FMVA holder: INR 62 lakh per annum
Eligibility Criteria for FMVA
All the candidates are eligible for this course.
FMVA Job Profiles
The job profiles available for those who pursue a course in FMVA are as follows:
- Private Equity VP
- Investment Banking VP
- Hedge Fund Associate
CIIA - Certified International Investment Analyst
Association of International Wealth Management of India administers the exam of CIIA. The course focuses on international and domestic investments. The course also throws light on broader financial concepts such as financial accounting, corporate finance, equity analysis, economics, derivatives, etc
Average Starting Salary for CIIA holder: INR 56 lakh per annum.
Eligibility Criteria for CIIA
The eligibility criteria for CIIA is stated below:
- Candidate must be a financial analyst
- Candidate must be a portfolio manager
- Candidate must be an investment advisor
Also Read: Here are 5 Reasons to Do MBA After B.Com
Certified Merger and Acquisition Advisor (CM&AA)
The Merger and Acquisition Advisors award this designation of CM&AA. This course expands the individual’s horizon in the field of finance. It focuses on middle-market advisory and transactional services.
Average Starting Salary for CM&AA holder: INR 68 lakh per annum
Eligibility Criteria for CM&AA
Any professional who has done his/her CM&AA training would be eligible for this course.
Various Job Profiles for CM&AA holder
The following job profiles are available for those who pursue a course in CM&AA:
- Senior Contract Analyst
- Director of Operations
- Chief Financial Officer
- Vice President of Strategy
Certified Treasury Professional (CTP)
The certificate focuses on areas of risk management and corporate liquidity and is valid for 3 years. CTP is a qualification that is known globally for its excellence in the treasury profession. It is sponsored by AFP - The Association for Financial Profession. CTP holders earn a good salary and career growth.
The average salary for CTP holder: A Treasury Manager earns an average salary of INR 67 lakh per annum.
A Senior Treasury Analyst earns about INR 57 lakh per annum on an average.
Salary of Treasury Analyst: INR 43 lakh per annum on an average.
Eligibility Criteria for CTP
A candidate in order to be eligible for CTP must meet the following criteria.
- 2 years of work experience in a finance-related job or in the field of treasury management.
- A degree in Business, Accountancy or in Finance and full-time teaching experience of at least 2 years in any finance-related curriculum
- 4 years of teaching in any finance-related structure and curriculum.
CTP Job Profiles
The following job profiles are available for those who pursue a career in CTP:
- Treasury Manager
- Treasury Analyst
- Treasury Director
- Assistant Treasurer
Certified Investment Management Analyst (CIMA)
The certification of Certified Investment Management Analyst is recognised worldwide. It is a certificate in the field of financial analysis and investment management.
Average Starting Salary for CIMA holder: INR 55 lakhs per annum
Eligibility Criteria for CIMA
Given below is the eligibility criteria for those who wish to pursue a CIMA course:
- Candidate must have completed an executive programme from an esteemed institute
- The verified background check of the candidate must be done with zero discrepancies.
- Any candidate who has completed an executive education program at a registered institute and has cleared the background check, as well as the application approval process, is eligible for this certification course.
CIMA Job Profiles
The job profiles given below are available for those who take up a course in CIMA:
- Portfolio Manager
- Investment Consultant
- Senior Portfolio Manager
- Financial Advisor
Certified Fund Specialist (CFS)
CFS focuses solely on the concepts of mutual funds. In the mutual funds' industry, it is the oldest certification designation.
Average Starting Salary for CFS holder: INR 35 lakhs per annum
Eligibility Criteria for CFS
In order to be eligible for CFS, candidates must meet the criteria given below:
- Candidate must have completed 2000 work hours in a professional financial field
- A bachelor’s degree or above will make the candidate eligible for this short term finance course.
It is very important for a person to opt for the best course according to his//her skills and calibre and future professional requirements. Also since there is money involved and fees to pay, it is mandatory for the people to get accreditation from the right source. For people who want to go abroad and work, there are a lot of short term finance courses available in abroad as well.
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