Over the weeks and months, we have had several blog posts talking about various professional courses such as CA, CS, and CMA. Even though there are three similarities between the three, they are still far apart. So, to choose the most suitable for you, you must first understand your skills, your academic experience, your interests, and ask yourself a very important question – “Do I intend to do this for a long time? “Each of these courses is a period that requires mental preparation. Let’s take a look at the course in detail so you can answer that question yourself:
The curriculum across all three courses – CA, CS and CMA – have much in common. However, CA’s main focus is on finance, auditing, and taxation. CMA’s focus is an in-depth study of accounting and cost management, while CS offers you a detailed study structure for corporate law and corporate secretariats.
In the end, you should have a clear idea of what your main focus is on what you want to study and what you want to achieve with the degree. It has a lot to do with your skills and interests.
To proceed with any of these courses, you must first understand what each position requires, and then you can move on to deciding which position suits vast and has a different level of understanding criteria that you need to choose as per your personality likings.
A CA or a Chartered Accountant is a professional hired by individuals and companies to perform financial transactions such as auditing annual financial statements, filing corporate tax returns, and providing financial advice. In general, they help with the financial needs of any business. CAS can also choose a profession to specialize in.
A chartered accountant was hired to do more with the company’s external appearance. In other words, the CA’s job is to assist and advise shareholders and investors with their financial requirements.
For being a CA in India, you must complete the Institute of Chartered Accountants of India (ICAI) CA Foundation, Intermediate and Final courses.
The Company secretary, or simply the secretary, is the person responsible for the effective administration of the company and ensuring that all employees and the board of directors comply with legal, regulatory, and legal requirements. CS is also responsible for the successful implementation of all decisions in the company. The job of the company secretary is to supervise every employee – lower, middle and upper management working within the legal framework; Maintain and maintain company documentation, communicate with shareholders and directors, among others.
To become a CS in India, you must have to pass the exams of CSEET, Executive and Professional level from the Institute of Company Secretaries of India (ICSI). This institution offers many of the advantages of a CS course.
Cost and management accountants:
The CMA, or cost and management accountant, is responsible for the allocation, administration, and management of funds in the company; any business. CMA is someone who performs these tasks. Working as a CMA is very rewarding and highly paid, and respected.
CMA is more responsible for the company’s internal development and what steps should be taken within the organization.
For becoming a CMA in India, you must complete the CMA Foundation, an intermediate and final course from the ICMAI.
What career opportunities do I have at this institute after my last degree or after class 12th?
Now that we’ve looked at the definition of each position, it’s time to take a look at what to expect in the career world once you’ve completed all three courses at one of the institutes above.
Career opportunities after completing a CA degree:
There are many advantages to taking CA courses from ICAI. The position of an auditor is highly respected, and the demand for CA continues to increase. So if you want to be one of them, this is the best time to go.
Enter the corporate world:
You can enter the finance and accounting department of a company. You can take the exam. Tax audits. Maybe financial reporting is more your thing.
Work in the banking sector:
You can work in a bank in the financial sector. Forecasting, financing, strategy, etc. You can also use this experience to enter the corporate world.
Industrial or Public Service Jobs:
You can join industry or government organizations. You can work as a business consultant developing, analyzing and reporting the information needed to make business decisions.
Work as a Global Accountant:
You can offer your financial reporting services worldwide. Prevent or detect fraud by scanning the financial statements of large multinational companies. You can also work as an appraiser and evaluate assets and liabilities.
Work in Education Sector:
You can work as a lecturer in colleges and universities. You can even create your educational centre!
You can also choose to study at a university if you wish to work as a lecturer or professor for a CA at a prestigious academic institution.
Career opportunities after CS course:
There is no shortage of career opportunities once you have completed all three CS courses. Almost every area and every company, big or small, need CS. Below is more of what to expect from CS:
The company secretary scope of work includes:
- Become a legal expert, Compliance Officer and only works for this company.
- Become an expert in corporate law, securities and capital market law and corporate governance.
- To serve as Senior Advisor to the Board of Directors on best practices of corporate governance.
- Responsible for all company regulatory requirements.
- Become a corporate planner and strategic manager for a company.
If you want to continue your education in CS, teaching is also a reasonable and inexpensive option. The ICSI CS program is recognized by top universities in India and abroad to seek a doctorate. It also offers the use of member services by various professional/educational institutions for academic purposes. ICSI also conducts a Corporate Governance course for Post-Membership Qualifications (PMQ).
Career opportunities after the CMA course:
CMA professionals do not have jobs or career opportunities, as well as industry. Almost every industry needs a CMA. Accountants are always in demand in the public and private sectors, banking and finance, development institutions, education and research, and whatever! Some common positions for CMA experts are:
- Director of Finance
- A financial analyst
- Financial controller
- Chief Financial Officer (CFO)
- Director of Finance
- Senior Financial Analyst
- Managing director
These are just a few of the many job opportunities you can look for in the private sector. In the public sector, you can work throughout your career in India-ICoAS, India’s cost management service, which is as prestigious as public servant positions in IAS, IPS and IFS. And if that’s not your thing, you can always teach CMA by gaining the necessary academic qualifications.
We hope we can contribute a bit through this article to understand the difference between CA, CS, and CMA courses. Finally, we recommend that you visit each program’s website and get an idea of what to expect in the field you have chosen. You can also talk to people who have taken this course and these career opportunities to get a clearer picture of what lies ahead.
Book My Lectures is an online platform for learning CA, CS and CMA, where we offer online lectures for CS, CA and CMA. We have the top faculties from India who are highly experienced to help the students to learn best in their chosen professional program.
Contact us today!