CA with CIMA for a global career in Finance

Looking for an additional qualification along with your CA? Why pursue CWA, CS or LLB, why not go global? 

With a large number of foreign companies coming to India and Indian companies going global, the need for professionals with global qualification is increasing. Whether you aspire to work outside India or for an MNC’s in India, global qualification will keep you ahead of the competition. CIMA is one such qualification. Candidates who complete CIMA Qualification will also be eligible to get other global qualifications such as CPA – Australia, CGMA by AICPA and exemptions in Indian Qualifications like ICWAI (14 exemptions out of 20 exams).

About CIMA: CIMA is the world’s leading & largest professional body of Management Accountants with 218,000 members and students in 177 countries. For more click here

• Common syllabus:  A large portion of curriculum is common with CA.

• Open your door to MNCs: More than 4500 companies such as Procter Gamble, Unilever, Nestle, Pepsi co, Coca Cola, Telco, Barclays, HSBC, Morgan Stanley, RBS, Deutsche Bank, American Express recruit CIMA students and members. 

• Flexible exam structure of CIMA:  CIMA offers you flexibility of writing one exam at a time and hence has a passing rate of 40 t0 50%, which is way above the passing rate for CWA and CS.

• Value add: While, the CA curriculum will provide you technical and business knowledge, CIMA will add the management and leadership skills to make you a complete business professional.  

• Exemptions: Students who have completed B.Com can get 12 exemptions out 17 exams for CIMA. Get more info here>>

• Average Salary:  Average salary of a CIMA qualified is  above Rs.10 lac and CIMA members it is around Rs.32 lacs* (CIMA Salary survey 2014).
1. Why CIMA not CWA , CS and LLB with CA?

“I had options of pursing CWA or LLB along with CA, in order to diversify my profile. I decided on CIMA after a careful evaluation and understanding that it will provide me a global know-how of the finance domain. This would complement my knowledge of the Indian finance sector acquired through CA curriculum.

CA Ghyansham Vaswani (CA and CIMA)

2. Is it too difficult to pursue CIMA along with CA?

“I would say CA is one of the most difficult professional qualifications in Finance domain because of its curriculum, exam structure and competition. On the other hand CIMA offers lots of flexibility in pursuing the qualification which is why the passing percentage is between 40 to 50%. A substantial overlap in the syllabus of the two courses makes it easier to prepare for to gather”.

CA Ghyansham Vaswani (CA and CIMA)

3. What are the additional benefits from pursue CIMA qualifications along with CA?

“I already had an accounting qualification (CA) but I wanted another qualification which could add value in terms of understanding business strategy in a practical way. The CIMA qualification matches my requirement perfectly. “

Ajay Kumar  (CA and CIMA) : JP Morgan India and Philippines

“CIMA taught me provided me with new ideas from which I was able to develop new tools/techniques. This made a tremendous impact to my organization and I received various awards and recognition. I have personally developed new models and techniques for my personal development, even in the areas that I did not previously have a specialization e.g. marketing, insurance, etc.”

Roy D’Cunha: Hewlett-Packard (CA and CIMA)

“I wanted to have the benefit of an MBA (‘case study based’ and ‘contemporary decision making’) syllabus to support me in the areas of ‘decision making’ and ‘controllership’. A good friend of mine recommended I look at the CIMA qualification.  My decision to specialize in risk management was influenced primarily by the module on management accounting – risk and control strategy (CIMA subject). In my current role as a risk manager, thanks to modules on decision management and business strategy, I validate company strategy, business decisions and facilitate development of the necessary governance and de-risking processes.”

Anand Sampath: Dr Reddy’s Laboratories (CA and CIMA)

4. How CIMA will help me in getting jobs in Finance area?

“When I completed my CA and started looking out for jobs, it was difficult to find a job in finance because of market perception that a CA is more suited for a job in accounts, audit or law. While I managed to get a job in finance it was a tough task. My advice to students looking for jobs in finance is to not just concentrate on the technical skills but have a broader business perspective. This is where I believe  that CIMA fits in beautifully.” 

Yogesh Sakunia (CIMA Final Level student and CA, worked with CRISIl for more than 6 years)

5. How CIMA will help me in getting jobs with MNCs?

CIMA is going to provide you global knowledge and best practices. This will make you the preferred choice of a global business.

6. Can CIMA become by backup plan, if  I don’t clear CA?

Yes of course. CIMA qualification is a complete degree which will open the doors of more than 4500 companies globally (including India) such as P&G, KPMG, EY, Deliotte, PWC, Ford Motors, Tesco, Pespico etc

7. How can I pursue CIMA in the shortest possible time?

You can pursue CIMA along with CA.  Many exemptions  ( 7 to 12) are available to CA students to pursue CIMA. Click here for more info.
Ajay Kumar
Executive Director (Operations Risk)
JP Morgan India and Philippines
CA and CIMA Qualified

Girish Bhat
Chief Financial Officer
Gammon India Ltd
CA and CIMA Qualified

Mr. Girish has some thing to say about the CA along with CIMA qualification. View here
Roy D’Cunha
Internal Audit Manager
Hewlett-Packard
CA and CIMA Qualified

Allen Andrade
general manager - finance
BG India
CA and CIMA Qualified

Chandra Vakkail
Director of Finance & Business Support
 Crowne Plaza, Kochi
CA and CIMA Qualified

Nitish Uday Kirtikar
Senior Manager - transaction processing
Total Oil India Pvt Ltd
CA and CIMA Qualified

Anand Sampath
Director – finance (ERM)
Dr Reddy’s Laboratories (India)
CA and CIMA Qualified