Top 5 Short Term Certification Courses in Finance - Eligibility, Fees, Duration
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Top 5 Short Term Certification Courses in Finance - Eligibility, Fees, Duration

Team Careers360Updated on 06 Oct 2023, 05:27 PM IST

Finance has become one of the go-to career streams for youngsters in the present times given its huge scope. Commerce students are drawn towards short term certification courses in Finance given great opportunities the field has to offer. Today, the basic terms like CA (Chartered Accountant) or CFA (Chartered Financial Analyst) are notable to most of us.

This Story also Contains

  1. CMA – Certified Management Accountant
  2. CFA – Chartered Financial Analyst
  3. CAIA – Chartered Alternative Investment Analyst
  4. CFP – Certified Financial Planner
  5. FRM – Financial Risk Manager
Top 5 Short Term Certification Courses in Finance - Eligibility, Fees, Duration
Short Term Certification Courses in Finance

The scope of finance being immense, new courses in the field are coming up to suit the requirements of individuals. Short term certification courses in accounting are getting well known as individuals are embracing alternatives to the generally realized finance course like CA and CFA.

There are numerous CA colleges in India and making a career in CA or career in CFA is a strenuous task. Individuals spend years and years to split the various examinations required to become CA/CFA.

Popular Short Term Courses in Finance

FRMCFA
Certified Financial Planner (CFP)International Financial Reporting Standards (IFRS)
Chartered Wealth Management (CWM)
Chartered Alternative Investment Analyst
(CAIA)
Certified Investment Management Analyst
(CIMA)
Certified Fund Specialist (CFS)
Certified Merger and Acquisition Advisor (CM&AA)
Certified Treasury Professional (CTP)

For the help of individuals who hold sheer interest in Finance, there are many short term certification courses in finance in India which give a more extensive perspective in the field of finance and also result in upgrading career development and skillset. These courses prepare them for any finance job that comes their route and from the plenty of finance jobs, they can choose the one they believe they are best suited for.

CMA – Certified Management Accountant

The Certified Management Accountant certification is offered by the Institute of Management Accountants or IMA. Considered a global benchmark for financial professionals and management accountants, CMA certification provides certificate holders with a deeper knowledge of accounting and numbers. One of the most awarding short-term certification courses in finance, IMA states that it has been seen that CMA certification holders have an average annual compensation which is around 67% higher than that of non-CMA certification holders.

About the Exam: The CMA examination is conducted in 2 different parts. Each part comprises 100 multiple choice questions as well as two 30-minute essay type questions.

Finance Certification Maintenance: The CMA certification requires 30 CPE hours to be earned and reported each year as well as an annual certification maintenance fee.

Details of best short term certification courses in Finance: CMA


Eligibility


Exam Duration

Certification Fee

Professional Member

Student/Academic Member


  • A Bachelor's degree or professional accounting certification

  • At least 2 years of work experience

4 hours (per part)

USD $250 (non refundable)

+

USD $415 (per part)

USD $188 (non refundable)

+

USD $311 (per part)

CFA – Chartered Financial Analyst

The Chartered Financial Analyst or CFA credential is offered by the CFA Institute which is the globally recognized provider of this qualification. CFA is reputed to be an attestation to an individual's deep knowledge and understanding of advanced level investment analysis as well as portfolio management skills. One of the most popular short-term certification courses in finance, CFA is considered to be one of the best credentials for portfolio management and advanced investment and is recognized in 163 countries worldwide including India.

About the Exam: The CFA examination is divided into 3 levels.

Level I has 240 (120 per session) multiple choice items and Level II has 120 (60 per session) items. The Level III morning session has 8-12 constructed response questions and the Level III afternoon session has 10 item set questions (6 items each).

Charter Maintenance: In order to maintain a CFA charter, the candidate must be a member of a CFA society and must earn and document at least 20 CE credit hours per year as well as submit the annual fee. At least 2 of the 20 CE credit hours must be in the field of ethics, regulations and standards.

Details of Short-term Certification Courses in Finance: CFA

Eligibility

Exam Duration

Certification Fee

Either of the following:

  • A bachelor's or equivalent degree or be in the final year of UG education

  • At least 4 years of full-time professional work experience

  • A combination of education and full-time work experience equaling 4 years

2 sessions (morning and afternoon) of 3 hours each for each level examination

USD $450 enrollment fee

+ individual exam registration fees (varies according to exam level and registration time)

CAIA – Chartered Alternative Investment Analyst

Another recognised short term certification course in finance is the Chartered Alternative Investment Analyst certification also called CAIA and offered by the CAIA association. This is an advanced level short-term finance certification course which attests to the individual's expertise and knowledge in the domain of alternative investments.

About the Exam: There are 2 levels of exams (Level 1 and Level 2) which are offered in both March and September every year. The Level 1 exam comprises 200 multiple choice type questions. The Level 2 exam comprises 100 multiple choice type questions in addition to 3 constructive essay-type questions.

Charter Maintenance: In order to maintain the CAIA credential, candidates must become CAIA members and pay the annual membership fee after successfully passing both the Level 1 and Level 2 exams. The annual membership fee is USD $350 while the fee for 2 years is USD $650.

Details of Short-term Certification Courses in Finance: CAIA

Eligibility

Exam Duration

Certification/Exam Fee


  • A bachelor's or equivalent degree

  • At least 1 year of qualifying work experience or 4 years of professional work experience

4 hours per level (divided into 2 sections of 2 hours each)

USD $400 enrollment fee

+

USD $1250 exam registration fee (per level)

+

USD $350 annual membership fee

CFP – Certified Financial Planner

The Certified Financial Planner certification in finance is an internationally accepted certification offered by the Financial Planning Standards Board India i.e. FPSB India. One of the prestigious short-term certification courses in finance offered in the financial planning domain, CFP as it is commonly called is an attestation to the individual's competency in financial planning advisory services.

About the Exam: Candidates have to clear four preliminary exams before being eligible to give the advanced final exam. The first four exams consist of multiple choice type questions and have 77 questions each. The fifth and final exam on 'Advanced Financial Planning' is based on a case study and comprises 5 modules with a total of 15 question items.

Finance Certification Maintenance: In order to maintain CFP certification status, the finance certificate holder needs to pay an annual renewal fee of Rs. 7,080 as well as earn and document at least 15 CE points each year.

Details of Short-term Certification Courses in Finance: CFP

Eligibility

Exam Duration

Certification/Exam Fee


  • High school pass

  • Have to pass the four exams through self study or training support

  • At least 3 year professional experience for graduates and and 5 year work experience for non-graduates

  • Adherence to code of ethics and rules of professional conduct

Exam 1-4: 2 hours each

Exam 5: 4 hours

Exam 1-4: Rs. 4,130 each

Exam 5: Rs. 8,260

FRM – Financial Risk Manager

Another internationally acclaimed short term course in finance is the Financial Risk Manager certification offered by the Global Association of Risk Professionals or GARP. This course is reportedly a global standard for risk management certifications. The FRM finance certification attests to an individual's proficiency in the anticipation, response and adaptation to various critical risk issues.

About the Exam: The FRM examination is provided in the months of March and November and is divided into two parts. Part 1 comprises a 100 multiple choice type questions addressing the tools of assessment for financial risk. Part 2 comprises 80 multiple choice type questions addressing the application of the tools referred to in Part 1.

Finance Certification Maintenance: In order to maintain the FRM certification status, the finance certificate holder will need to be a GARP member and pay the annual membership fee as well as earn and document 40 credit hours of experience in financial risk management every 2 years.

Details of Short-term Certification Courses in Finance: FRM

Eligibility

Exam Duration

Certification/Exam Fee


  • Pass the FRM Part 2 exam within 4 years of passing Part 1 exam

  • At least 2 years of full-time professional work experience in financial risk management

4 hours (for each part)

USD $400 (enrollment + Part 1 exam fee)

+ individual exam fee for Part 2

Frequently Asked Questions (FAQs)

Q: Which course is easy in finance?
A:

Certified Financial Planner (CFP) is a relatively easier course in Finance.

Q: Which qualification is best for finance?
A:

Here are some of the best qualifications in Finance:

  • Chartered Financial Analyst (CFA)
  • Chartered Alternative Investment Analyst (CAIA) 
  • Associated Chartered Accountant (ACA) 
  • Financial Risk Manager (FRM)
Q: Which are the top certification courses available in finance?
A:

Some of the top certification courses available in the field of finance are CFA, CIMA, FRM, CFS etc.

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