Qualifications you Require To Ace in the Finance Industry


Usually, a business comprises many functions irrespective of its product, service, industry, size, and magnitude. These are the basic functions that are essential for any business to run smoothly. Typically, there are manufacturing, sales, admin, marketing, etc., but their influence varies as per the company or industry in which they are operating. However, among all, finance is one of those departments that have significance and importance intact in every business.

Additionally, to its significance in any business, the financial sector in itself is one of the biggest industries in the world. As World Bank statistics expect, the financial services market will reach $26.5 trillion by 2022, and projections are made for its consistent growth ahead. Finance Industry covers many aspects of the world economy and has an in-depth world on its own. Financial Industry includes Accountancy, Banking, Wealth Management, Financial Planning, Bookkeeping, Tax, Treasury, etc.

Similarly, the finance sector also demands and attracts top talent in the market. The stakes are quite high in the financial industry, so as the payouts. Finance Professionals are one of the top moneymakers among all professions. Since a career in finance requires above-average talent and more than one professional qualification to get ahead. Most of the professionals study while working as there are many part-time and remote working opportunities.

Let’s dig deeper into some of the top qualifications to pursue to ensure significant progress in the finance industry. However, before moving ahead, if you are also in the quest to know whether MPA (Masters in Public Administration) is better or MBA (Masters in Business Administration) like many business students.

1. Certified Public Accountant (CPA)

CPA Certification, offered by the American Institute of Certified Public Accountants, is an advanced accounting accreditation in the accounting and finance industry. These certified accountants get qualified for auditory service in the public sector. This certification builds credibility and proficiency in compliance, forensic accounting, tax, risk management, etc.

In the job market, it is highly valued. A CPA license indicates the highest level of methodical competence, great accomplishment, and excellence for accounting professionals. CPA Professionals are highly in demand currently due to the influx of startups, moderations in financial laws, and complexities of local and international regulations and taxes. According to Payscale, the average salary for a CPA is around $66,500 per annum.

2. Certified Financial Analyst (CFA)

CFA is regarded as one of the most popular financial qualifications in the world. The Chartered Financial Analyst Institute awards the certification to the professionals. To qualify, professionals have to appear for the CFA exam that evaluates a candidate on his knowledge and skillset in finance. A sound professional with CFA Certification is highly qualified and demonstrates command in several fields, like economics, portfolio management, investment banking, and analysis.

With CFA credentials, an individual can be a financial analyst and work for investment groups, banks, insurance firms, and consultancy firms that offer advisory and consultancy services. Employers prefer hiring professionals with CFA credentials and encourage their workforce to pursue CFA to get more prominent roles and responsibilities. In addition to hefty salary packages (average salary of $91,000), CFAs are associated with numerous CFA member societies in multiple countries.

3. Financial Risk Manager (FRM)

Due to recent financial overhauls and deteriorating financial markets, there is a sentiment of growing insecurity in the current economy. And this has pushed authorities to emphasize and put stress on in risk management practices to minimize the downsides. Therefore, risk management specialists are in increasing demand.

To become a credible risk management specialist, FRM is the widely accepted credential in the field. This certification helps an individual to enhance their risk management skills and to apply them in real-world situations. A risk management professional with FRM accreditation manages various risks related to credit, investments, liquidity, non-market operational risks, etc. As an FRM holder, an individual can work as an analyst, consultant, advisor, risk control manager, credit manager for investment banks, hedge funds, asset-liability manager, credit rating agency, regulator, etc.

Due to abnormal growth and disruptive nature of companies in global markets, FRM credentials are essential not only for the financial industry but also for IT and manufacturing. These professionals are preferred by recruiters, as they can work operational risks and minimize them to aid the progress in any industry.

4. Certified Financial Planner (CFP)

CFP Certification is one of the popular certifications for financial planners. It enhances a professional’s skills in planning of estate, employee benefits, tax and risk, retirement and insurance, etc. Moreover, CFP also covers all aspects of financial planning; therefore, it provides better career options and success. They also offer their professional services as planning consultants to individuals, human resource departments, insurance companies, etc.


Adding further qualifications and certifications provide significant support to finance professionals. It provides better insights, open new opportunities, and attract prospective employers. It also demonstrates their commitment, trustworthiness, and dedication in the professional capacity too. In addition to all the advantages discussed, you can enroll in programs alongside your work. There are many online and offline resources available that enable you to pursue further accreditation without affecting your job. Many employers encourage their employees to enhance their affiliations and certifications. Even, they not only provide support in the form of cooperation at work but also financial support to pursue such avenues.

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