The financial sector is witnessing major changes and the employment outlook for aspiring professionals is rapidly evolving. With the increasing demand for skilled talent, students are being given options beyond the traditional Chartered Accountant (CA) to secure better jobs. Global certifications such as ACCA, US CPA, US CMA, EA, and IFRS provide students with the specialized knowledge and technical skills they need to stay competitive in this dynamic field.
The U.S. Bureau of Labor Statistics’ 2022 report predicts that employment of accountants and auditors will increase by 4% between 2022 and 2032. This increase is due to increased regulatory complexity, demands for financial transparency, and business expansion. Dealing with complex regulations and ensuring compliance requires skilled professionals. Additionally, workforce shortages due to retirement of professionals are creating a talent gap, highlighting the importance of qualified and technically proficient graduates.
Commenting on this trend, Pankaj Dhingra, Managing Partner, FinTram Global LLP, CPA, California, said, “By 2025, professionals will move beyond their traditional expertise to include ACCA, CPA, US CMA, EA and IFRS are important to multinational and Big 4 companies, and in this rapidly changing job market, the ability to combine technical skills with strategic thinking is no longer essential.
India’s economic growth has further expanded the scope of these qualifications. Expanding opportunities in sectors such as manufacturing, financial services, IT, start-ups and the entry of foreign companies into the Indian market offer great career possibilities both domestically and globally. Additionally, technological advances such as automation and data analytics are reshaping the financial realm, forcing professionals to deploy tools such as artificial intelligence to make strategic decisions.
Certifications such as ACCA, US CPA, and IFRS provide the knowledge and global perspective you need to succeed in an increasingly complex financial world.
