Should I go for CA or CIMA?

Should I go for CA or CIMA?

I want to pursue a course in banking & finance along with CIMA certification. What are the job prospects of doing this course in India? I am confused for I have been hearing that this course is yet to find approval in India compared to UK and other countries. Should I go for CA for CIMA?

CIMA is more focused on management accountancy profession according to the claims of the institute. Experts are of the view that Chartered Accountancy involves financial accounting and reporting primarily for external stakeholders, whereas management accounting is focused on internal users. CA is all about auditing and business advisory functions. A Management Accountant is trained to deal with business policy formulation and resolution building for making the most of an organization’s productivity. You can optionally do this course along with CA.

A CIMA qualification promise a prosperous career and along with your additional credentials for finance and business. There are numerous job openings available for completely qualified members or part-qualified students of CIMA. You can secure the most preferred training positions with huge companies or get a position in manufacturing sector. You can find openings in retail, gas, electricity and pharmaceuticals. You can join as financial analyst, business analyst, group treasurer, management consultant, financial controller, financial manager, director of business planning, director of operations and financial director at the completion of CIMA certification course. There is great demand for professionals who can analyze historical data and coverage, can assess its prospective risks and defend its future.

There are good job prospects in India after achieving CIMA certification course along with CA. But if you have plans to settle abroad, you should go for CIMA UK. The CIMA certification is well acknowledged and can get you jobs worldwide. When approval by a recognized university of any state is concerned, it is true that CIMA is yet to be accredited as a higher education qualification by any section of the state or university.