Times have changed drastically. We are living in an era where the job market is highly competitive. You just can’t rely on getting a degree and securing a good, well paid, and satisfying job which can lead to a successful career. Specialization is the name of the game nowadays. With so many people passing out of colleges each year, you have to acquire special skills to be ahead of your peers.
And the year 2020 is not going to be any different. But what are the specialized skills that can assure you of a lucrative career and keep you ahead in the job market? The job oriented courses are the answer to this question. Here the dilemma for you will be which job oriented course to choose that can raise your demand in the job market. We will help you with this. Here we describe to you the top job oriented courses in 2020 for lucrative career opportunities, which will help you in making an informed decision.
Top 3 Job Oriented Courses in Accounting
Certified Public Accountant is the one who brings professional standards in accounting. This is a designation given by many countries like the US, to those who clear the CPA exam. In many other countries, like India, the equivalent designation is a Chartered Accountant (CA). CPA is the one who knows and is involved in almost all activities of the accounting world. In fact, this is the topmost level in accounting. This is the most sought after designation as far as the accounting field is concerned. So the career opportunities for CPAs are much wider than others. Moreover, they can move up the career path much faster than those who don’t have a CPA certification.
Requirements – To become a CPA, you have to pass an exam. For this, you must be at least 18 years of age and should have a bachelor’s degree, preferably accounting focused or you should have studied a minimum level of accounting and business level courseware.
A career as CPA – As a Certified Public Accountant, you can get into either public or corporate accounting. There is a wide variety of roles that you can take up as a CPA. As said earlier, a CPA is involved in the whole gamut of activities in the accounting domain. From auditing to taxation, from business valuation to financial planning, and from consulting services to assisting in litigation, as a Certified Public Accountant you will have a role in almost every aspect of any business.
Career Path – As a CPA, you can reach the top rung of the management in any industry or corporate. You can reach even higher positions like Chief Finance Officer (CFO) or Director or controller in any organization. Alternatively, you can opt for a private practice also and assist companies in their accounting and audit work.
A Certified Management Accountant is the one who is an expert in financial accounting and strategic management. The CMA certification indicates that you have a good understanding of management accounting and financial management. As a CMA, you possess significant knowledge of financial planning, analysis, and control. The CMA course has gained immense popularity in recent times and is one of the top-most career advancement courses in 2020. As a CMA, you will have an extensive range of career options and a wide variety of roles.
Requirements – To become a Certified Management Accountant, you have to complete the CMA course. The CMA course consists of a single level exam divided into two parts. You can attempt any part in any order of your preference. You can enroll for a CMA course even while pursuing your graduation. However, that admission would be provisional and would be regularized only upon the completion of your graduation.
A career as CMA – You, as a CMA can take up many roles like cost accountant, internal auditor, tax accountant, financial analyst, corporate accountant, etc. You could be working in the corporate finance or strategic management team of a company. The main role of a CMA is to generate and gather data and information from different sources to assess the performance of the organization and help the top management in arriving at strategic decisions. So you can see that a CMA has a vital role in any organization.
Career Path – Again, as a Certified Management Accountant, you will reach the top level in your organization. You can achieve the designation of the Chief Finance Officer (CFO), Chief Executive Officer (CEO), or Controller. Also, as a qualified CMA, you will have greater opportunities in big4 companies.
If you have an aptitude for numbers, you can have a great career in analytics. Every organization needs to assess its performance in different areas or departments. And that is where analytics plays a major role. Analytics means turning raw data into useful information which in turn, assists decision making, particularly in areas that use a lot of data. And the best part is that analytics has a role in almost every activity and business. Information like consumer behavior, market patterns, competitor analysis is generated through analytics. Even sports teams use analytics to assess individual and team performance.
Requirements – For making a career in analytics, it is advisable to have an undergraduate degree with subjects such as business information systems, computer science, and business management. For added advantage, you should go for specialized courses like a course in Business and Data analytics or HR Analytics, etc. A postgraduate degree would again be an added advantage.
A career in Analytics – In an analytics job, you interact with all the stakeholders to understand their problems and needs. Then you gather relevant data and process information. To be a successful analyst, you should have good communication and analyzing skills and you should be a team player. You will be helping in identifying opportunities for improvement. As an analyst, you will be solving business problems and helping in modifying business systems.
Career Path – Analysts are the most sought after professionals these days. The reason is the gap in demand and supply. The number of skilled analysts is small as compared to the requirement of the industry. Therefore, an analyst commands a good salary package even at the entry-level. And the analyst job is available in every type of industry as every business needs to regularly analyze the progress of its various functions. There are many career opportunities like financial analyst, market research, big data, and machine learning, etc.
We have presented for you above, some of the top jobs oriented courses in 2020 for lucrative career opportunities. These courses not only prepare you for a great and successful career but also give you a distinct advantage over your peers. These are going to be the most sought after courses not for just this year but for years to come for the simple reason that they offer an amazing growth trajectory in your career.