Top 12 Courses in Finance in India

1x1.trans Top 12 Courses in Finance in India

 To start with, anybody who attempts to create a list, any list is always on a slippery wicket.

First, any list does involve a certain bit of subjectivity and thus it will never be perfect. Despite all this one must attempt to create a list.

After all, a list helps us in the simplest way to know why we decide to take a certain action.

When I began creating the list of top courses in finance available in India I thought of keeping the big daddy i.e. the MBA in Finance out of the list.

After all, we all know what an MBA in finance can do for us.

But, I didn’t want to exclude it for the sake of it as I know the popularity of the course.

Keeping this in mind I’m going ahead with a list of top finance courses available in India which would help you to make good of your passion.

I have broadly divided the courses into the following sections:

  • MBA
  • Statutory Courses
  • Specialized courses

1. MBA

Probably the most obvious choice for anybody who wishes to make a career in financial services is to do an MBA in finance.

The advantage that an MBA has over any other format is that it allows you a good all round exposure to various aspects of finance, whether it’s accounting, cost accounting, financial modeling, statistics and so on.

Additionally if you choose your minors well, you can have exposure to fields like marketing, behavioral science, human resources etc. Thus giving you the best possible chance for growth in the financial services industry.

However, be warned, that a lot of your ability to jumpstart may be dependent on a combination of economic factors, the strength of your placement cell, your alumni and also your independent ability to network.

If you wish to be on the global stage then do remember that MBAs from Harvard, Stanford, and INSEAD have to do their bit of hunting as well. Even the hallowed IIMs do not officially guarantee you a placement.

Statutory Courses

The Statutory courses are the ones which have been created by acts of parliament and hence create binding obligations under certain circumstances. Under statutory courses we can include the following

2. Chartered Accountant

Probably the most well-known statutory course, this course was created as a result of the enactment of the Chartered Accountants Act in 1949.

The course involves a combination of theory and more importantly practical training which run synchronously to provide student with the necessary wherewithal required of a professional accountant.

A good grounding in this profession creates opportunities few courses can match.

Chartered Accountancy allows you to have rewarding careers in consultancy, audit practice, investment banking, and information technology to name a few.

The profession allows you probably the best chance in finance to create a location independent career. You can find successful chartered accountants in many small towns where a lot many other professions may not flourish.

The chartered accountancy course also opens the doors for an international career. An Indian CA after clearing certain local papers can easily practice in countries like United Kingdom and Australia to name a few. Additionally, with the increasing introduction of International Financial Reporting Standards (IFRS) if you become a chartered accountant then world is your oyster.

3. Cost Accountant

This course came into being as a result of the Cost and Works Accountants Act, 1959. The act regulates the profession of cost and management accountancy.

A Cost and Management Accountant (CMA) is a person who performs services which involve accounting for cost of manufacturing an item, pricing the goods and services produced verification or certification of taxation, especially with respect to indirect taxation.

Unlike pure accounting professionals say chartered accountants, the demand for a cost accountant is a cross organization phenomenon. The marketing department needs you in preparing quotations for tender responses; the production department needs you to make better decisions on a profitable product mix, the purchase department wouldn’t move without the cost accountants advice for taking the make or buy decisions and in top management you play a critical role in identifying business risks and their mitigation.

To use a cricket analogyyou would be the all-rounder in the team.

4. The Company Secretary

The course was a result of the Company Secretaries Act 1980.

The Company Secretary is primarily the mediator between the management and the organization’s board of directors.

Company secretaries are involved in creating policies for the company, maintaining legal records, taking care of public issues, managing mergers and acquisitions related activities. Additionally they liaise as agents of the company while negotiating with a number of government authorities.

A Company secretary has a positive chance of being employed with management consulting firms, banks, corporates and regulatory bodies besides having an option to practice independently.

You as a company secretary are also a sought after professional for positions abroad with multi-national companies. There is a burgeoning demand for Company Secretaries in the UK, the USA, and many other countries in the western world.

With the appropriate set of knowledge and skills, you as a company secretary can look forward to a rewarding career.

5. Actuary

If you are an actuary then your job would be to assess the financial impact of risk and uncertainty.

Actuaries assess the financial security systems, keeping a hawk’s eye on their complexity, the mathematics involved in the same and their mechanisms.

Actuaries try to use mathematics to evaluate the probability of events and minimize the impacts of financial losses associated with an event which is not only uncertain but is undesirable.

Many events like death cannot be avoided, however as an actuary your job is to do the needful to minimize their financial impact if as and when they occur. These risks have the possibility of impacting both sides of the balance sheet. Thus you would be required to have the requisite skills in asset management, liability management, and valuation skills.

An actuary is expected to have the analytical skills, business knowledge and understanding of human behavior which is required to design and manage programs that assess and control risk. If you are an actuary then you would be most likely employed in the Insurance industry but also in corporate houses like Reliance which issues 100 year or perpetual bonds. The profession is governed by the Actuaries act of 2006.

Specialized courses

Specialized courses are the ones where a certain skill set is developed for an industry

6. Chartered Financial Analyst

The Chartered Financial Analyst degree is one of the toughest to crack but probably one of the most rewarding certifications to have.

In fact in the financial services world, the CFA charter holder is one of the few courses which give an MBA-Finance a serious run for money.

If you are a CFA charter holder then you are one of the most valued people in any organization. You are looked up to for your insights backed by analytical inputs.

This certification is extremely useful if you want to make a career in equity research, investment banking or fund management.

However if you choose to pursue this course there is one piece of advice: Start early (Soon after you graduate or along with your MBA), because it takes almost 3 years of dedication and not many are able to crack it for reasons which vary from work pressure, family commitments to sheer boredom of studying for three years.

7. The Certified Financial Planner

If you wish to make a career out of wealth management then being a CFP is almost a must have.

This course gives you in depth training in various aspects of personal finance like tax planning, insurance planning, state planning etc.

You can consider the certified financial planner to be like the general practitioner MBBS.

You as a CFP are the best bet that people have in managing their growing wealth.

You as a CFP would be sought after in banks, wealth management companies, insurance companies, mutual fund and other financial intermediaries.

In India there is a dearth of good financial planners. As per some market estimates, India needs close to 50,000 financial planners and not even 10% has been met.

The CFP certification is valid in 23 countries in the world including Australia, UK etc. Financial Planning Standards Board (FPSB) India is the authorized regulatory body for this course in India.

8. Economics

Yes that economics degree is also a good bet for making a career in financial services. After all, it’s the economists who create all the policies which determines whether the country grows or flounders.

Economists are valued in the financial services industry for predicting impact of policies that may impact business performance and make informed decisions on how policies would move and how the business should react to the changing policies.

If you chose to become an economist then the financial services world would look to you just like many people look to astrologers, i.e. to understand complex inputs and give guidance on how to use the available resources for creating valuable outputs.

Thus give serious thought to that offer from LSE or near home the Delhi School of Economics.

9. Statistics

A statistician is responsible for the collection, assessment, explanation and presentation of quantitative data.

You as a statistician provide insights, commendations, and advice on policy and strategy to clients within and outside your organization.

You as a statistician are responsible for monitoring data collection and using modeling techniques, both mathematical and statistical. You would also be expected to present your findings along with providing strategic advice on how best to use the results.

Thus do give an honest shot at clearing the M Stats exam at the Indian Statistical Institute.

10. Chartered Alternate Investment Analyst

The CAIA Charter is the globally recognized credential for professionals managing, analyzing, distributing, or regulating alternative investments.

The CAIA Charter designation is the highest standard of achievement in alternative investment education and provides deep knowledge, demonstrated expertise, and global credibility in alternatives.

11. Financial Risk Manager

Since 2008, the element of risk management has come to the fore like anything.

If you were to choose to become a Financial Risk Manager then you would be expected to manage risk that accompanies any investments and would like to broaden their knowledge for the same.

This course is suitable for people seeking employment in risk management in banks, corporates, non-banking financial firms and corporate houses.

This course helps people in their early stages by exposing them to the breadth of the curriculum covering major strategic aspects of risk management;on the other hand the course helps established professional keep up with the latest trends.

12. Financial Modeling and Investment Banking Programs

Financial Modeling skills are must for equity research and investment banking careers.

If you want to make a career in financial research, equity research, investment banking, and other core finance areas, then having MBA or CFA degrees alone won’t help.

You need to learn skills that are required to do the actual work on the job.

You can learn the skills by online or classroom programs.

As per my experience and interaction with students, Indian students prefer classroom programs.

Have I Missed Anything?…

I have covered almost all the courses in finance available in India.

Please let me know if I missed any course or you want to know something specific.

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1x1.trans Top 12 Courses in Finance in India

114 Responses to “Top 12 Courses in Finance in India”

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  1. Rashi says:

    Hi Avadhut,
    First of all thanks for such a wonderful site of knowledge. I am a 28yr old married person. I have total 7+ yrs of experience in KPO Order to cash, reconciliations and closing & reporting. I had to leave my job coz of marriage and it’s going to be 1yr without job. Now the situation is i cannot opt for late hr shifts like UK or US which i had then when i was unmarried. I want to be in finance and accounts however my 1yr gap and KPO experience doesn’t match with the requirements of non KPOs. I have been researching for a good course which could give me good future and excel my capabilities. Could you suggest me a course which would help me to get 9 to 6 kind of a job without hectic schedule. I am good at doing analysis, projects and communicating with people .

  2. Kushal says:

    Hi…

    Thanks for your help on topics ..

    In my case I have done B Tech in ECE in 2008..After that nearly 2 years in pvt firm…As bcz of security purpose I joined banking sector.
    Now from 2011 sep onwards in am doing job in Corporation Bank as officer as u r seeing by my career background..It’s different…

    Now I am stuck with this boring profile and I want to switch and do something better but I am confused wt to do as this field is diff. for me and so the career option to choose..

    As I m 28 and can’t leave job too so help me wt to do further that helps me to come out of this banking job and enhance my skills and make good use of my past experience…

    Please guide me and help….

    • Hi Kushal,

      In your case, if you want to start your career in core finance, you’ve to have knowledge and skills in finance. I would not suggest MBA at this point. I would like to suggest our 6-week program in Delhi. This will equip you with right skills and help you place in core finance after successful completion of the program.

      • Kushal says:

        Right now I am in Bangalore..I can’t come to delhi also..But what I am asking is that what option are there for me after that as I don’t want to continue in normal banking for a long as I am feeling in normal banking there is slow growth and also less chance of developing analytical skills …

        Please guide ..

        • Hi Kushal,

          Options depend on your skills and experience, so if you continue in the same job doing the same thing you’ll have the same skills and experience. One possibility is to check for internal/ lateral jobs in the same bank.

  3. shankey gupta says:

    sir one more thing i want to add is that i m average student in theory and good in numericals or practicals.I love financial markets and want to make my longterm career in it.

  4. shankey gupta says:

    hello sir, i have completed my m.com (2012) and currently i m working as full time commodity trader in a firm..i have nearly 5 yr experience in markets and looking forward to make my career in finance industry…which courses should i go for…sir as u mentioned in different conversation with other aspirants financial modelling and investment banking program of yours, is totally job oriented course or it just add to a knowledge…if i choose it can i get job in investment banking industry…and kindly suggest which courses should i go for ( cfa,frm,cwa or ms finance).

  5. Akhil says:

    Dear sir,

    Now I am pursuing my MBA in Finance and Marketing. As I am an average student, I am not sure about the possibility of success in some advanced courses.
    Can you please suggest me with the good course which will benefit more in my career.

    Thank You!

  6. Jatin says:

    Hii
    Right now I am in second year BAF and thinking of doing MBA in Finance What more should I do with MBA to get a better Job in Future

  7. Shruthi says:

    hi,
    I am doing my 3rd year B.COM right now.my father compelling me to go for bank coaching for 1 year and get into some banks.my brother asking me to write CAT exam and get into IIM. But I wish to do CA. Which one should I opt?

  8. vikash says:

    Hello Sir,
    I am in CA final & I want to be a financial analyst & so accordingly I joined CFA . But due to some reason I have been banned from CFA INSTITUTE . But still I want to be a financial analyst & to achieve my dreams..Please help me out …Can I go for AFA which possess same category as of CFA.

  9. rohit says:

    Hello sir,
    I hav completed by graduation in bcom and I want to meke my career in finance , I want a career where I can use my skills in earning money by making tax planing , proper investment in sny field , to get different idea for business development , proper sale purchase accounting so that I can be better proof my self in any industry or in business so am confused among mba finance, cfa , cfp , ca or icwi (cost accountant)
    Help me sir your helpfull advice can help me in making my career

    • Hi Rohit,

      The skills that you mentioned are of Personal Finance and covered in CFP. Enrol for CFP and simultaneously attend workshops/ training programs that train you on financial planning aspects. Start interacting people around you and ask them about their financial life. You’ll get an idea about what exactly you need to focus on.

      Please let me know if you need any more help as you walk on the path.

  10. Abhishek says:

    You missed Master of Finance and Control (MFC) course offered by the prestigious Delhi University. Established in 1987, the course consists of 23 compulsory courses in Finance and 9 electives. Its a niche’ course in Finance and equivalent to MS in Finance offered internationally.

    Regards,
    Abhishek Anand

  11. raj says:

    Hi,
    this is raj i did B.Com in 2012 , 2 year pgdbm in financial mgt in 2014 now intend to do mbs which is equivalent to mba finance,
    pls suggest me best international certification for which more scope in future
    pls guied me about AFA [Acridited Financial Analyst] Certification Program from AAFM USA

    • Hi Raj,

      If you’re looking for international certification, go for CFA/ FRM.

      Can you tell me why you’re looking for international certification? When are you planning to start applying to jobs?

  12. vikram says:

    hi sir,
    i have completed my mba finance before one year and not able to decide what should i do and want to do job in finance department and accounts….

    please suggest me what should i do. i am nw working as a MIS executive and partly accounts work in organisation.

  13. shivesh kumar says:

    Sir,
    In order to get into company for Finance job,CFA or FRM will help? Do u offer online course in this regard?

  14. talha says:

    Hello sir,
    How r u doing? I see that your suggestions have helped a lot of people. About me, I am a B. Pharmacy graduate with an MBA (finance) degree. Right now I m working as an associate analyst in a private firm. I want to do some courses which could expand my knowledge as I don’t have in depth knowledge of core finance.
    Please suggest me…

  15. P V N Raju says:

    Sir I am a qualified chartered accountant. Presently working in a public sector bank as credit officer. I want to continue in banking industry. Please suggest which course will help to go to higher positions.

  16. bina says:

    hii
    I am b com and mba finance ,(2009). I am workg in govt bank since 2011.i want to do ca but not possibl wid job. recently I came to know abt FRM. my.aim is to b different from my peer group. whethr I should go for FRM or any other course. I am intrestd in credit . can treasry b a gud option for me

    kindly guide.

  17. Rahul Tonde says:

    Hellow sir

    I recently complited my PGDBM and taking admission for MBS (Finance). I have 10m Exp in CA Firm for Accounting and now doing Job in PVT Company as accountant from last 1.5 years. what is the better cource for my future.

    please give me the best advoice for mu future carreier.

    Thanks in advance
    Rahul Tonde

  18. Gowthami says:

    HI.,

    I have Completed MBA (Finance) 2011 now I am working as marketing Executive I just want move to Finance & Accounting Pls Give me your suggestion

  19. nikita says:

    sir,
    i am in final year of my graduation (b.com honours).already cleared cpt level for ca.looking for some good opportunities in finance.my interest is inclined towards investment risk analysis.caN u please suggest me a good course?what is the most rewarding course to collaborate with my ca n make a fruitful career opportunity?

  20. shriram says:

    Sir, I am B.sc & having experience in engneering industry 7.5 years i have done MBA finance Currently working in finance dept. of same company. i want to improve my knowledge , so which course will benefits me in future

  21. shivesh kumar says:

    Dear Sir,

    I have 2.5 years of experience in JSW steel after my engineering as shift incharge. In order to shift my career path,I did MBA in Finance from ICFAI- Hyderabad. currently I am working as Credit officer in Private bank. I am very sincere towards my work as well my career. I have completed JAIIB and CAIIB in my first attempt after joining bank. I dnt want to build career in Bank. Kindly suggest any good course for long term career which i can do being in job. ( I am not interested in equity research or portfolio management) . I want to join company/corporate house…… is FRM/CS helpful ?

  22. Pradeep says:

    Hi Avadhut,

    I completed my MBA course in 2010 and I am currently working in BPO sector (U.S Mortgage process) since 4 years.
    I would like to know some additional courses which help me to get job in Advertisement sector/Media Marketing/Add creator kind of courses or suggest me some 6 month duration courses which currently booming in Indian Market and help us to get jobs in Indian based companies.

    Thanks You,
    Pradeep

  23. Snehal says:

    Hello sir I have done my MBA in finance in 2007. I have no job exp as I got married just after finished my MBA . Now I want to start my career. Please suggest me diploma courses that will help me. I am very much interested in accounts and taxation.pls suggest me suitable course with details

  24. Santosh says:

    Hello Sir,
    I am a Bcom graduate with pass class. Now i am working in Mortgage Compliance Process in one of the BPO herein pune. I would like to make my career in finance. I had gone through CFA, CFP,CWM and CS course details. Would you please let me know which would be the right choice for me?

    What about the CFA or CFP courses? Please help me out with it.

    Thanks…

  25. Madhuri says:

    Hi,
    I am currently pursuing my MBA in finance, and I want to pursue an additional program to add up to my CV. I had discontinued CA due to family pressure as it was a lot of hard work and no results. My seniors have suggested that I should go for CFA. I am confused if I should continue with my CA, or instead do CFA. Can you suggest something on this?
    Your advice will be really beneficial for me.
    Thanks

  26. Ayan Mitra says:

    Dear Sir:

    I am sorry to say but you missed one more course which is available in India and that is CIMA.

    Thank You.

  27. Neha rathod says:

    Hello sir,I have done my graduation since 2007 and after that started working with a CA firm and basically a freelancer in accounts field I want to purse more higher studies could u please recommend me which course is the best .

  28. lalit says:

    Hi,
    Praise for your article first. I have done Btech with Bioinformatics. I have been working in an equity research company as Team lead for 2 years, basic responsibilities including marketing and management with market tracking. Now I want to build my career in the same field, thus planning for MBA finance or a particular course to go for (viz, CFA, CFP). But looking at the condition of MBAs and my background, I am a bit worried and confused.
    Was going through your website and thought maybe you could help me.
    Regards.

  29. Vipul Tripathi says:

    Hi Avadhut,

    I would like to enquire you about Financial Modeling and Investment Banking Programs offered by your organisation.
    Before that i have few doubts which i would like to clear, I am B.Tech and working in an IT Firm in Gurgaon as a Software Tester in Finance domain with a total 6 years of experience.

    Now i am planning to enhance my skill and to add some additional expertiese in my kitty i finance domain.So i was thinking of CFA (USA) , CFA(FPSB, INDIA) and then i came to your website for Financial Modeling and Investment Banking Programs.

    Could you please suggest me which course will be the best suited as per my requirment, which will be helpful for my future?

    Also,Is it good time for me to go for CA or CS?

    Regards,
    Vipul Tripathi

  30. sahabuddin khan says:

    hi,
    i have just compleated m.com from regular.and i have through out 65% up..and i doing a job in IT company (cmc ltd) as a financial analyst..but getting low package as i have no professional degre..now i want to do a professional degre..so please advise me which course will be better for me..

  31. Nilkant says:

    Hi,

    I have completed MBA (correspondence) in finance after my b com having 4 years experience in concurrent audit (Banking) in CA firm and i have overall 7 years experience in industry and recently joined another firm in internal audit. i want to know which is the best course if i want to go in Cost accounting or in financial audit. Please reply.

  32. Ritika says:

    Hi Sir,

    I am BMS (Bachelor of Management Studies) Graduate from Mumbai University. I want to persue my career in the field of finance. Would you please suggest me some courses in finance other than those mentioned above which are job friendly?

  33. darshana says:

    hello sir
    i am working in banking sector since 2 year.i have done graduation in BCA.i want to study in finance. which course will help me in my sector ca/cs/icwa or any other course?
    thanking u.

  34. Rishabh singh says:

    I am a bcom(hons) graduate from du. I am planning to do cfp is it a good decision.i am als interested in investment banking can i do both ……

  35. akhilaa says:

    Hello Sir,

    I have done MBA finance and 4 years experience in different fields, now im looking a career in finance so i can have steady career graph. Kindly advice which course is more suitable for me. Now im working as a MIS executive

  36. Ankita says:

    Hi,
    I am a newly qualified CA and want to make a career in finance. Unfortunately, I have noticed that as CA we are continuously restricted to accounting and audit. Can you suggest me some course through which I can start a career in finance right away?
    Thanks

    • Yes Ankita. Complete this course and you can start your career in finance immediately.

      • Ankita says:

        Thanks a lot
        I am currently in Bangalore n I have joined a course in financial modelling (EduPristine) which also gives a certification from BSE. The course structure is similar to what u have suggested but it doesn’t cover all the investment banking stuff. Do u think it would help?

        • Hi Ankita,

          I don’t know about the course, so wouldn’t comment on it. As far as our course is concerned, it’s detailed in financial modeling and investment banking aspects.

          Please let me know if you need any more details.

  37. Laavanya says:

    Hi Avadhut ji,

    I have completed MBA in finance (Anna univ) and have 4 years of exp in Banking Domain (Technical). Kindly assist me for these ji..

    1. To choose a one year program (part time / distance edu.) which will add value to my profile.
    2. With this profile, I’m suitable for what all job positions ?

    Thanks in advance for you valuable aid !

  38. Ankita says:

    Hi
    I am a newly qualified CA. I want to pursue a career in finance (equity) but most of the options that I get are restricted to either audit (statutory/internal), tax or accounting. It seems people feel CAs are specialist in audit & accounting but not finance. Do I need to do some other course to get a financing job. CFA, MBA both will take atleast 3-4 years even if I start now. Can you suggest me some options? I wish to start right away. I think 2 years of experience would help me better than 2 years of classroom studies of MBA since I am already a CA.
    Thanks

  39. Rajeshwari says:

    Hi,

    I have done my MBA in finance with Finance and have 4 years of exp in different fields. I want to do special certified course which gives me fast promotions and valuable role in the company.

  40. priya says:

    hey, i did mba in finance in 2014. now i am not interested in 20,000pay jobs like sales associate, meeting up targets . i wana do job in which i will get recognition as well as good package. please do suggest me the course that will be done within two years in india itself and the institutes that possess that courses.

    • Hi Priya,

      Nice to know your ambition. Please be realistic and mention how can you add value to companies/ employers as they too will have expectation like yours.

      You can see our workshop details. To know other details like selection procedure, placement assistance, fee structure, please email me (avadhut@financewalk.com) your contact number. My associate will talk to you in detail about the program.

  41. Ayush Jain says:

    Hello sir

    Sir i am planning to CFP,is it a right option?
    I am presently doing my llb course and I am in second year
    I have also started a small business as a mutual fund distributor.
    Apart from llb i am doing CS
    Please advice sir.

    • Hi Ayush,

      Thanks for getting in touch.

      My query: Which area you are passionate and want to make a career in? Financial Planning, Cost accounting, Law, Portfolio Management or any other area?

  42. pratik says:

    Hi,

    I am pratik…i have done mba in marketing….currently im working F&A process as a reconcilor …..but im not getting so much exposure because i dont hav finance background.So please suggest me for any one year finance course which help me grow in system….

  43. Nayab says:

    Hi,

    I have done my MBA in finance with Marketing and have 3.5 years of exp in different fields. I want to do special certified course which gives me fast promotions and valuable role in the company.

    Hope to hear you soon and thanks in advance

  44. ramanandh says:

    ok thank u

  45. ramanandh says:

    hi
    this is ramanandh i am currently pursuing my master in computer science in australia . but i am not interested in the course iwould llike to shift my career to finance which include computing skills like quant devoloper or algo devoloper. can u please tell that are there any instituttes in india providing computational finance courses

  46. Abhijat says:

    Hi,

    What can I expect to ask as a Compensation Package for a Finance Mgr role in India transitioning within the same company. I have an MBA in Fina from US, with 5 yrs exp in US in Finance, another 5 yrs working in IT(US)(Total 10 yrs). I am working as a Fina Mgr here in US as well.. Could some one throw some light on what can I ask a package which includes the Base+the other perks which I have no clue of?

    I am moving back June, 2014.
    Please help..

    Thanks in Advance!!!

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