Best Finance Courses for A Career in Finance Management

In the present day and age, to increase your chances of employability and knowledge, it is important to obtain some relevant certifications. This will help you forge ahead in the chosen career path of your choice. For instance, there is finance certification available for finance professionals to prove their experience and expertise.
In this article, we will explore the best finance certifications, finance courses for working professionals, financial analyst courses, short-term certification courses in finance, and finance certification courses.

What Are the Top Finance Certifications?

Best Finance Courses

Finance certification for finance professionals helps in demonstrating their proven expertise in a specific area. It is important to therefore take appropriate finance certification after pursuing a finance certification course to ensure that you refine and qualify as a skilled financial analyst. Here are some of the most prominent finance certifications you can aim for.

CFA Certification

A Chartered Financial Analyst (CFA) certification is one of the most sought-after certifications among finance professionals. This finance certification is offered to those finance professionals who are proficient and have qualified for the CFA Exam conducted by the CFA Institute. There is a growing demand for CFA as a finance certification, Moreover, it proves to be one of the best finance certifications.

A CFA Program has immense scope and covers sectors such as banks, industries, finance markets and technology. All these industries consider a CFA finance certification as a valid credential for demonstrating one’s skills in this domain. From being a financial analyst to an independent financial investor, there are many roles that someone with the best finance certification can opt for. The globally reputed companies which look forward to such professionals include JP Morgan, Bank of America, Citibank, etc.

Financial Risk Manager Certification

The Global Association of Risk Professionals (GARP) conducts the Financial Risk Manager (FRM®) exam. It is divided into two parts – FRM Part 1 and FRM part 2 and the exam is conducted in May and November.

– FRM Part 1
This comprises basic risk management topics including quantitative concepts, derivatives, value at risk (Vary), basics of risk management etc. There are 100 objective questions including both numerical and conceptual problems without any negative marking for wrong answers.

– FRM Part 2
This includes advanced risk management topics including credit risk, market risk, operational risk, portfolio and integrated risk management, and current issues. There are 80 objective questions including both numerical as well as conceptual problems without any negative marking for the wrong answer.

Both these exams are conducted on the same day and only GARP-approved calculators are allowed. Candidates who successfully pass both parts and complete a minimum of 24 months of work experience in risk management are offered the FRM charter by GARP. The candidates who pass both exams but do not have the required work experience are not eligible.
An FRM is one of the best finance certifications with a comprehensive and well-designed curriculum.

Financial Modelling Certification

Some specific topics covered in this certification include

  • Valuation Modeling including understanding integrated financial models, scenario analysis, excel efficiency shortcuts and formulae, cash and interest revolver, building historical financial statements, ratio analysis, projecting financial statements, valuation DCF and Comps are covered in this certification.
  • Merger & Acquisition (M&A) Analysis which includes building merger inputs, stock and cash mix deal, contribution analysis, accretion and dilution
  • Project Finance Modeling which includes understanding date functions, modelling cash flow waterfall, etc.

Top Financial Analyst Certifications to Expand Your Expertise

Certified Financial Planner (CFP)

This certification is for professional financial planners, which cross-check their competence, integrity, honesty, and diligence. There are some prerequisites for this including,

  • 6,000 hours of professional experience or
  • 4,000 hours of apprenticeship experience
  • Bachelor’s degree or higher
  • Pass a background check.
  • Pass the CFP exam.

Maintaining this certification requires a person to pay an annual recertification fee and complete 30 hours of approved continuing education (CE) every two years.

Certified Fund Specialist (CFS)

A CFS helps clients with investments and buys and sells funds for them. This is a certification offered by the Institute of Business & Finance (IBF) for accountants, bankers, brokers, money managers, personal financial advisors, and other professionals. The prerequisites are

  • Bachelor’s degree or
  • 2,000 hours of work experience in the financial services industry
  • Complete six modules in the IBF self-study program.
  • Pass the CFS exam

Certified Government Financial Manager (CGFM)

For someone interested in a career as a federal, state, or local financial analyst or manager, this certification demonstrates their expertise in this area. It is offered by AGA and covers financial reporting, internal controls, auditing, and accounting for government organizations. The prerequisites include,

  • Bachelor’s degree
  • At least two years of professional experience in government financial planning
  • Pass three CGFM exams

After the exam is completed, a person must agree to abide by the AGA’s Code of Ethics.

Certified International Investment Analyst (CIIA)

This certification demonstrates knowledge of economics, corporate finance, portfolio management, equity valuation and analysis, fixed income valuation and analysis, derivative valuation and analysis and more. The Association of Certified International Investment Analysts (ACIIA) offers this course. The prerequisites include,

  • Three years of professional experience in portfolio management, investment, or financial analysis
  • Membership in a participating national or regional society
  • Pass all CIIA exams

Certified Investment Management Analyst (CIMA)

This certification is for financial analysts, investment consultants, wealth management professionals and financial planners. The prerequisites include,

  • At least three years of experience
  • Complete CIMA education program.
  • Hold CIMA certificate in business accounting or other relevant qualifications
  • Pass a background check

Once the exam is completed, the professional signs an agreement indicating that they will adhere to the Code of Professional Responsibility set forth by the Investments and Wealth Institute.

Certified Management Accountant (CMA)

Those with this certificate work in corporate accounting. This certification is awarded to candidates who have expertise in critical accounting and financial management. The prerequisites include,

  • Bachelor’s degree or
  • Professional accounting certification
  • Two years of work experience
  • IMA membership
  • Pass both parts of the CMA certification within three years of one another.

For maintaining the CMA, the professional should have 30 hours of CE credits each year and remain an active IMA member.

Certified Private Wealth Advisor (CPWA)

This certification is for financial professionals working with private clients to manage their assets. The prerequisites include,

  • Bachelor’s degree or
  • Wealth management certification
  • Five years of experience in finance
  • Complete CPWA education course

This certification is offered by the Investments and Wealth Institute.

There are many finance courses for working professionals available today. One of the best and most relevant courses is a financial analyst course. It will prepare you for the finance certification you want to undertake and guide you in preparing for finance certifications online. You can also undertake offline or online short-term certification courses in finance.

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