Finance Career option other than CA/CS/CWA for under-graduates

Traditionally, commerce graduates chose to pick up popular courses such as CA, CMA (earlier known as CWA), etc. However, recently, thanks to globalization, there appears to be a shift in preferences of Indian students. No doubt, the conventional courses are a glamorous profession in India, however, in recent times, there is an impetus in demand for globally accredited courses such as CIMA (a management accounting course by Chartered Institute of Management Accountants - World's largest professional body of Management Accountants). 

At IMS Proschool, the official learning provider of CIMA, we decided to explore why fresh undergraduates from top colleges are pursuing CIMA and spoke with a few students across various leading cities in India.
Vaishnavi Deshpande
Pursuing B.Com. @ BMCC - The Brihan Maharashtra College of Commerce, Pune

"I came across the CIMA website, and found that as an apt choice that was congruent to my objective. Moreover, the most attractive feature about the CIMA course is that it has global accreditation, with members spread in 179 countries. CIMA gives me a scope to expand my horizons, with recognition in India as well as overseas."

Pooja Mehta 
Pursuing B.Com. @ Symbiosis College of Arts & Commerce, Pune

"Considering my inclination towards a finance career outside of India, my uncle suggested the CIMA course. The curriculum is not a cakewalk of course, but I am sure the efforts put into studying this course will certainly be worth my while. It is a perfect blend of technical, people management, leadership and business skills, which makes me not only financially literate, but ready to face the challenges in the global environment."

Gayatri Honrao
Pursuing B.Com. @ Symbiosis College of Arts & Commerce, Pune

"CIMA just fits the bill of fulfilling my aspiration of having an established career in developed countries such as UK, US, Canada, etc. as I can pursue my studies in India, where I am currently located, and find a job overseas, due to its global accreditation. It also saved my education costs of pursuing a course abroad!"

Rishabh Negi
Pursuing B.Com. at Delhi University

"I think CIMA gives you a wider access to many opportunities unlike the conventional courses. I was always interested in management accounting, and after good feedback from my school teachers and friends, I decided to pursue CIMA. I believe the curriculum is quite interesting and with the right degree of dedication, you'll be able to crack them."

Gargie Singh
Completed graduation in Economics & Political House @ Miranda House, Delhi

"I simply loved every bit of the course: the curriculum, the exam patterns, especially the case studies. What is good is that the candidates are not simply expected to reproduce theoretical knowledge on paper, they are evaluated on the basis of exhibition of analytical skills. I am planning to take up a job to harness the knowledge gained during the course."

Shaunak Punde
Pursuing B.Com. @ Mithibai College, Mumbai

"I found about CIMA in an education fair conducted by the Hindustan Times. I think, CIMA would make me an efficient potential entrepreneur. Because learning about the business and managing it, can lead to a starting up of a business and it would be easier for a CIMA member as he/she have already been familiar with the aspects of business decisions and the working of it."

Abhineeth Gogula
Pursuing B.Com. @ Mithibai College, Mumbai

"I was not keen on pursuing a rigorous core accounting profession such as CA/CWA in India. I came to know about CIMA through a friend, and I liked the fact that the course is a blend of finance and management accountancy. I think, CIMA will come handy in developing my decision making skills. Rather, I aspire for an opportunity in UK, and CIMA is the perfect choice."

Mitesh patel
Pursuing B.Com. @ Mumbai University

"Cima provides flexibility in terms of writing exam at any time of the year. Also, the CGMA (Chartered Global Management Accountant) certificate, is conferred by both CIMA and AICPA (American Institute of Certified Public Accountants). Moreover, there are over 4500 companies that are training partners with CIMA. This proves the acceptance of CIMA on a global level."

From the above, it seems that the new generation is taking a leap in their preferences. Keeping abreast with latest trends, they are no longer only interested in core accounting professions, but something which gives them an opportunity to explore untrodden paths.