Last Update On 9th August 2024
Duration: 11 Mins Read
The accounting and finance industry will continue to grow and be in demand as the years go by. Since organizations from all types of industries are required to keep a public record of their accounts, there will always be a requirement for professionals who are qualified in the field of accounting and finance. In this article we will learn about the top 13 accounting courses in India.
It is regarded as one of the most prestigious and well-paid professions in the world. Accounting is essential for any business; thus, it necessitates expert knowledge, which can be acquired through a variety of accounting courses in India. These courses cover topics such as accounting concepts, law and regulation, financial accounting, and more.
So, if you want to work in this ever-expanding field, it would be quite helpful to take a professional accounting course that brings you a blend of theoretical and experiential learning. This article includes a list of the top 13 accounting courses in India, from which you can choose one or multiple courses to develop your accounting knowledge and skills.
Top 13 Accounting Courses in India
1. Chartered Accountancy (CA)
Course Details: Chartered Accountancy (CA) is a prestigious professional certification recognized globally, designed for individuals aiming to become experts in accounting, auditing, taxation, and financial management.
Eligibility: To enroll in the CA program, candidates must have completed their 12th grade or equivalent qualification in any stream from a recognized board. The CA course is structured in three levels:
- CA Foundation: Open to students who have completed their 12th grade.
- CA Intermediate: Requires completion of the CA Foundation or a graduation degree for direct entry.
- CA Final: Requires successful completion of the CA Intermediate.
Duration: The CA course duration varies depending on the student’s progression through the three levels and completion of the required article ship. On average, the course takes around 4.5 to 5 years to complete.
Scope: CAs can work in diverse roles, from financial management to auditing and advisory services, and have opportunities to work in both private and public sectors
Jobs and Salary: The starting salary for a newly qualified CA in India typically ranges from INR 6 to 8 LPA, with potential for significant growth based on experience, expertise, and the employing organization.
2. Association of Chartered Certified Accountants(ACCA)
The ACCA qualification is a wonderful way to start a career in accounting and finance because it is a globally recognized course with industry-relevant content. It consists of three levels and requires extensive practice and training to complete. Online coaching institutions like Zell Education can help you complete the ACCA Course with flying colors.
Eligibility: Candidate must be at least 18 years old and pass 10+2 examination with a minimum of 65% in Mathematics, Accounts, and English, as well as at least 50% in other subjects.
Scope: ACCA offers a variety of job options both globally and in India. With major firms and MNCs, an ACCA-certified individual can work as an accountant, financial planner or management consultant.
Jobs and Salary: After completing the ACCA course, the salary ranges from INR 6 to 8 lpa, depending on the profile.
Job profiles an ACCA professional can work in:
3. Certified Management Accountant (US CMA)
One of the most popular international certification programs for accountants is the Certified Management Accountant (US CMA). The course duration is anywhere from 6 months to 4 years.
Eligibility: A student in their first year of college can also appear for these examinations. However, for the completion of this course, and to achieve your CMA degree, you do need to complete your graduation.
Scope: The CMA is internationally recognized and well-known for its work prospects on a global scale in the field of management accounting.
Jobs and Salary: The average salary is around INR 7 lpa and candidates can work in various financial institutions, banks, auditing firms, etc.
Job profiles a US CMA can choose to work in:
4. US Certified Public Accountant Course (US CPA)
The US CPA licensee is awarded by The American Institute of Certified Public Accountants (AICPA), which is a US-based accounting body. The course covers accounting topics such as laws, taxes, and principles, among others. The US CPA licensee qualifies you as an accounting specialist and opens up a world of possibilities.
Eligibility: To be able to give the US CPA exam, a candidate must have 120 credits, whereas, for the licensee, you need 150 credits. In India, the most qualifications that make you eligible for US CPA
- Exam – Graduation + 1 year of Post Graduation (120 credits)
- Licensee – Graduation + post graduation (150 credits)
Scope: It is an internationally recognized exam, so it opens a wide range of job opportunities in top MNCs and businesses, where candidates can work as accountants, public accountants, and cost accountants.
Jobs and Salaries: When working for businesses like EY, Deloitte, KPMG, PwC, and others in India, US CPA salaries range from INR 6 to 8 lpa.
5. Certified Financial Planner (CFP)
Certified Financial Planner (CFP) Course Details: This course is ideal for individuals interested in comprehensive financial planning, including investment, insurance, retirement, tax, and estate planning.
Eligibility: To enroll in the CFP program, a candidate must have a bachelor’s degree from a recognized college or university. Additionally, candidates must complete specific financial planning education programs approved by the CFP Board and have three years of full-time professional experience in financial planning or a related field.
Scope: The CFP certification opens doors to a wide range of career opportunities in various sectors, including banking, investment firms, insurance companies, and financial planning firms.
Jobs and Salary: Job roles for CFPs include Financial Planner, Investment Advisor, Wealth Manager, and Estate Planner. The average starting salary for a CFP in India ranges from INR 4 to 6 LPA, and with experience, it can rise significantly, often reaching INR 15 to 25 lpa or higher.
6. Company Secretary (CS) Course Details
The Company Secretary (CS) certification is a professional course that prepares individuals for the role of a company secretary, which involves ensuring a company’s compliance with legal and regulatory requirements and managing corporate governance.
Eligibility: To enroll in the CS program, candidates must have completed their 12th or equivalent qualification in any stream from a recognized school or board. Graduates from any discipline can also pursue the CS course.
Scope: The CS certification opens up opportunities in various sectors, including corporate houses, financial institutions, government organizations, and regulatory bodies. A certified company secretary can work in roles that involve corporate law advisory, corporate governance, compliance management, and secretarial audit. After obtaining the CS certification, individuals can also pursue higher studies such as LLB to further enhance their career prospects.
Jobs and Salary: CS professionals are in demand across many industries. Job roles include Company Secretary, Legal Advisor, Corporate Planner, and Compliance Officer. Reputed companies such as Reliance, TCS, Infosys, and various law firms actively seek CS-certified professionals. The starting salary for a CS in India ranges from INR 4 to 6 lpa, and with experience, it can increase significantly, often reaching INR 12 to 20 lpa or higher.
Hiring Companies: Top companies and organizations hiring CS professionals include Reliance Industries, Tata Consultancy Services (TCS), Infosys, Wipro, and various multinational corporations and law firms. These companies value the legal and compliance expertise that CS professionals bring to the table.
7. B.Com in Accounting and Finance
Bachelor of Commerce (B.Com) in Accounting and Finance is a three-year undergraduate program. It is a course that covers the essentials of accounting and financial management.
Eligibility: The only requirement for B.Com is 12th or equivalent qualification in any stream from a recognized school and board with a minimum score of 50%.
Scope: As every firm needs someone to deal with accounting, this course allows you to work in any field. As a result, you can work in a range of sectors and open many doors. A student can pursue M.Com and MBA degrees after finishing B.Com to gain additional management abilities and advance their career.
Jobs and Salary: B.Com Accounting and Finance graduates have a wide range of job options in India, as they are often in demand by SBI, KPMG, and EY, among others, for job roles such as accounting managers, auditing assistants, etc. Depending on the position, company, college, and skills, the starting salary of a B.Com graduate can fall anywhere between the range of INR 2 to 4 lpa.
8. Cost Management Accounting Course
It is a three-level course that is conducted by the Institute of Cost Accountants of India (ICAI). To work as a cost accountant, candidates must pass all the exams that test one’s accounting skills.
Eligibility: An applicant must pass their class 12th exams with at least a 50% score from a recognized board.
Scope: After completing the CMA course, you can work in consulting businesses, financial institutions, research organizations, government regulatory agencies, and more.
Jobs and Salary: The average starting salary of a cost accountant in India is anywhere between INR 5 to 9 lpa.
9. M.Com in Accounting and Finance
The Master of Commerce (M.Com) in Accounting and Finance program is a two-year postgraduate study in accounting and finance. It is a higher degree of systematic study focusing on specialized finance and accounting subjects such as financial accounting, cost accounting, and so on.
Eligibility: Anyone with a BCom, BBA, BCA or another accounting bachelor’s degree can apply for the MCom program after meeting the cut-off score requirement of the institution.
Scope: It can assist you to enhance your accounting and finance career and move you to a senior position within the company. An MCom degree can help you gain professional communication, management, and leadership skills to pace up your career with a good position and package.
Jobs and Salary: An M.Com degree can help you get a job as an assistant accounting manager, finance consultant, or cost accountant, among other positions. The remuneration ranges from INR 4 to 6 lpa.
10. Certified Information Systems Auditor (CISA)
The Certified Information Systems Auditor (CISA) certification is a globally recognized qualification for professionals who audit, control, monitor, and assess information technology and business systems.
Eligibility: To pursue the CISA certification, candidates should have a minimum of five years of professional work experience in information systems auditing, control, or security. Waivers of up to three years are available for certain qualifications and degrees, such as a university degree or a master’s degree in IT.
Scope: The CISA certification equips professionals with the skills to manage vulnerabilities, ensure compliance, and institute controls within enterprises. This certification is ideal for individuals seeking careers in IT auditing, security management, risk management, and governance. CISA-certified professionals can work in various sectors, including finance, healthcare, government, and technology.
Jobs and Salary: CISA-certified professionals have a wide range of job opportunities, including roles such as IT Auditor, Information Security Manager, IT Compliance Manager, and Risk Analyst. Prominent companies like Deloitte, PwC, EY, KPMG, and various government agencies actively seek CISA-certified professionals. The starting salary for a CISA in India typically ranges from INR 6 to 12 lpa, and with experience, it can significantly increase to INR 15 to 30 lpa or higher.
Hiring Companies: Top companies and organizations hiring CISA-certified professionals include Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), KPMG, IBM, and various multinational corporations and government bodies. These companies value the expertise in IT audit and security that CISA-certified professionals bring to their organizations.
11. Diploma in Accounting and Finance
A Diploma in Accounting and Finance is a specialized program designed to provide students with a strong foundation in accounting principles and financial management. This course is ideal for individuals looking to gain practical knowledge and skills for a career in the financial sector.
Eligibility: To enroll in a Diploma in Accounting and Finance, candidates typically need to have completed their 12th grade or an equivalent qualification in any stream from a recognized school or board. Some institutions may require a minimum score of 50% in the qualifying examination.
Scope: The diploma course prepares students for various roles in the accounting and finance sector. It opens up opportunities in multiple industries, including banking, corporate finance, investment, and consultancy.
Jobs and Salary: They are in demand by companies like SBI, KPMG, and EY for positions such as accounting assistants, auditing assistants, financial analysts, and tax consultants. Depending on the job role, company, and individual skills, the starting salary for diploma holders can range from INR 2 to 4 lpa.
Hiring Companies:
Companies that frequently hire diploma holders in accounting and finance include State Bank of India (SBI), KPMG, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and various multinational corporations and financial institutions. These companies value the practical knowledge and skills that graduates bring to their organizations, making this diploma a valuable stepping stone in the financial sector.
12. Diploma in IFRS
This is a three-month program that can be completed concurrently with other accounting certifications. It equips the students with an in-depth knowledge of the International Financial Reporting Standards (IFRS).
Eligibility:
To qualify for this Diploma course, you need to meet one of the following criteria –
- Two years of relevant accounting experience and a relevant law degree
- Two years of relevant accounting experience and a certificate in International Financial Reporting
- Three years of relevant accounting experience
Scope: As this may be done while seeking another qualification or employment, it can help you achieve a wide range of opportunities from all over the world.
Jobs and Salary: After specializing in this field and gaining industry experience of 6 to 8 years, your earning potential can rise to INR 8 to 10 lpa or above.
13. Financial Modelling
A bachelor’s degree in Financial Modelling could take around 3 to 4 years whereas a diploma course will take around 1 to 2 years, and if you happen to choose a short-term online course then expect a learning journey as short as 2 weeks. Here are some of the major concepts you’ll be learning if you compliment your CFA degree with a Financial Modeling course.
Eligibility: Since the Financial Modelling Course can be pursued either as an undergraduate degree, postgraduate degree, diploma degree or a short-term certificate course, the eligibility criteria for each of them differ.
Here are the course-wise eligibility criteria to help you prepare better for Financial Modelling courses.
- Undergraduate: 10+2 From a recognized university
- Postgraduate: Bachelor’s Degree From a recognized university
- Certificate: 10+2 From a recognized university
- Diploma: 10+2 From a recognized university
Scope: Financial modelling plays a significant part in running a successful business with the right decision-making processes. The procedure of financial modelling consists of forecasting a company’s financial performance by considering factors like demand, supply, pricing, operational cost, past revenue, customer behavior’s, etc. and then combining it with the calculations of the effect. Financial modelling typically considers variables like the company’s past performance, growth, and risk assumptions to estimate its valuation or compare it with industry peers.
Jobs and salary: Pursuing a course in financial modelling equips you with the skills required for entry-level jobs in Financial Planning and Analysis, Equity Research, Investment Banking, Credit Research, and many more.
Final Thoughts
If you are planning to pursue a career in Accounting and Finance, there are numerous pathways that you can take. If you are interested in any of these courses or are looking for some guidance about your career, you can check out the courses at Zell Education and reach out to us for any queries.
FAQ’s on Accounting Courses in India
Which course is best for an accountant in India?
The CA + ACCA combination is the best for achieving the highest pay package and position for an accountant in India.
Which degree course is best for accounting?
If you are planning to work outside India, you should go for globally recognised courses such as ACCA or US CPA.
Which course is in demand for accounting?
UC CMA is one of the most upcoming and in-demand courses for those who want to pursue a trending career in accounting.
Anant Bengani, brings expertise as a Chartered Accountant and a leading figure in finance and accounting education. He’s dedicated to empowering learners with the finest financial knowledge and skills.
Siddhant Khanvilkar
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