A great way for you to increase your employability in today’s competitive job market is to obtain relevant certifications based on your chosen career path. While there are many different financial certificates out there, you must choose to take those that are aligned with your current niche or your dream career.
If you aim to gain more skills and expertise, start with these 10 financial certifications you can choose from!
1. Certified Public Accountant (CPA)
One of the most widely recognized financial certifications, this license is for accountants, tax preparers, and financial analysts.
As per the PRC Board of Accountancy, the licensure exam for CPAs cover the following:
- Theory of Accounts
- Business Law and Taxation
- Management Services
- Auditing Theory
- Auditing Problems
- Practical Accounting Problems 1
- Practical Accounting Problems 2
2. Certified Management Accountant (CMA)
This certification is given to those who have demonstrated expertise in critical accounting and financial management. CMAs often work in the corporate world rather than in private accounting. Their expertise is crucial in making strategic business decisions relating to finances.
3. Chartered Financial Analyst (CFA)
An expert in investments and securities, a chartered financial analyst or CFA typically works in institutional money management and stock analysis. Moreover, they provide the most value for research analysts and asset managers. Some of the top job roles CFAs can expect include:
- Portfolio Manager
- Risk Manager
- Investment Banking Analyst
4. Certified Financial Planner (CFP)
Well-versed in topics across the financial field, CFPs may work for a company or an institution, own an agency, or become self-employed consultants. They meet with potential clients for their financial status and goals to develop feasible financial programs. They also research investment and other financial opportunities.
5. Chartered Financial Consultant (ChFC)
This designation belongs to the best financial certifications you can consider. The ChFC caters to more niche subjects like small business planning. As an alternative to the CFP, this certification helps you demonstrate your knowledge in all areas of financial planning including tax, estate, investment, and insurance planning.
6. Personal Financial Specialist (PFS)
This is a specialty credential for CPAs who are experts at helping individuals with all aspects of wealth management. If you’ve obtained your CPA and you aim to focus on facets such as insurance, tax, retirement, estate, and investment planning, this one’s for you.
7. Certified Treasury Professional (CTP)
If you want to become a Corporate Treasury Official, consider getting this financial certification. You will focus on cash management should you pursue this. The minimum prerequisites you need to meet include:
- 2-year relevant work experience or 1-year relevant work experience and at least a master’s degree in a related field
- Pass the CTP exam
- Continuing education of 36 credits every 3 years
8. Certified Government Financial Manager (CGFM)
If you aim to work as a federal, state, or local financial analyst or manager, this financial certificate is for you. This covers financial reporting, internal controls, auditing, and accounting for government organizations.
9. Certified Healthcare Financial Professional (CHFP)
Professionals practicing their finance and healthcare expertise can look into obtaining the CHFP designation. You must possess the following broad range of business and financial skills:
- Business acumen
- Financial strategy
- Understanding future trends
10. Certified International Investment Analyst (CIIA)
Demonstrate your expertise in economics, corporate finance, portfolio management, equity valuation and analysis, and more with the CIIA title. Have three years of relevant experience and maintain your membership in a participating national or regional society and pass all CIIA exams to obtain this.
To conclude, these are significant achievements that can help you get recognized by your peers and even employers. Plus, these can empower you as you take steps in advancing your career.
For further reading, here’s how you can snag a finance job without a finance degree.
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