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Amrita T., A CA, currently works in the Project Finance arm of Tata Capital. Srikanth N was treasurer of a large MNC bank. What is it that prompted them to move into the mainstream of Financial Services?

The career growth and money are both much more attractive! The traditional accounting practice is a support function, and there are lots of issues with setting up your own practice. Today, campus placement is organized by ICAI, and banks and Financial Institutions are enthusiastic recruiters.

Axis Bank this year for instance, had about 20% of its recruits into SME banking coming from the CA fraternity the rest were B-Schoolers.

But, Amrita is evaluating going in for an MBA. Why? I have always felt the gap in my knowledge. My CA degree is great in its way, but I need to know more about the different divisions of a bank and financial products and markets, from a business perspective.

Is there an alternative to spending two years and lakhs of rupees, for essentially just broadening ones knowledge base? After all, a CA is a good, tough and rigorous degree. Do you need another?


CA + Banking & Financial Services (BFS) knowledge: An unbeatable combo:


CAs are known for their strong process and number orientation. Lets look at where they had fit:


The list below is just a beginning!



Retail Banking


Wealth Management

Research & Analytics

Corporate Banking


Investment Banking

Project Finance, Issue Management




Equity Research



Risk Management

Risk Modeling


Rating Analyst


If only they had at least a working knowledge of financial services, the combination would be terrific says a senior HR manager from a leading bank.

Some popular certifications available in India today, that bridge this gap are NSEs Certifications in Financial Markets (NCFM), Certified Financial Planner (CFP) in Wealth Management, and FLIPs range of certifications across Banking & Financial services. 

FLIP a senior IIM alumni initiative, offers, for the first time in India, a comprehensive range of certifications across BFS. Leading banks and FIs have endorsed these certifications, with brokerages like India Infoline even guaranteeing interviews for Research Advisor roles, for those who have cleared FLIPs Wealth Management certification.  Three of its certifications are co-branded with the National Stock Exchange.

Coming Up Next: Careers in Investment Banking

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